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German-held retailer Metro Cash&Carry Romania has finalized the expansion by 10,000 square meters of its logistics center in Stefanestii de Jos locality near capital city of Bucharest. The center thus reaches an area of over 65,000 sqm.
An international group of investors buys 45% of the shares of Greek-held company SoftOne Group. The capital infusion is expected to also fund the company’s development overseas as the Romanian division targets a turnover of EUR5 million until 2025.
The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018.
The European Bank for Reconstruction and Development (EBRD) on Thursday (Nov 4) revised upwards its forecast on Romania’s economic growth to 7.2% in 2021 and 4.4% in 2022.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 2.40% a year on Thursday (November 4) after staying put at 2.36% a year over the last four days, per central bank data.
Romanian property restitution fund Fondul Proprietatea (FP.RO) is summoning its shareholders on December 15 – mostly Pillar II (mandatory) private pension funds – to approve a share buyback program worth maximum RON2 billion and a special dividend of RON0.06 per share.
Teilor Holding, the group of companies including luxury jewelry chain Teilor, Teilor Invest Exchange and Invest Intermed GF IFN, plans to carry out by yearend a private corporate bond placement on the AeRO market of the Bucharest Stock Exchange, with a value put at RON45 million.
BRD-Societe Generale ended the first nine months of 2021 with net banking income worth RON2.3 billion, up 1.2% from the same period of 2020, and RON920 million profit, up 25%.
Chocolate producer Kandia Dulce posted turnover worth almost RON140 million in 2020 and aims for an increase of around 16% in 2021.
Romania’s largest online retailer eMAG plans new logistics investment and it also targets regional centers that should reduce delivery times nationwide.
Wine maker Avincis, of Dragasani vineyard area, expects 20% higher turnover this year against 2020, even as this year has still been marked by pandemic-related uncertainty.
Logistics and international freight transport group Alexander in Arad is aiming for EUR200 million revenue in 2021.
Grain and oilseeds trader Soufflet Agro Romania posted RON217.9 million (EUR45.2 million) revenue in 2020, 40% lower than the RON362 million (EUR76.4 million) revenue of 2019, Finance Ministry data show.
Almost a month after the start of deliveries, Dacia’s Spring all-electric electric model has reached its first 1,000 customers in Romania, carmaker Dacia said in a press statement.
Slatina-based Delta Aluminiu, a Romanian producer of industrial profiles and aluminum systems, has contracted a loan of RON20 million from state-run lender CEC Bank to support its current activity.
Precast concrete product maker ASA CONS in Turda posted about EUR12 million revenue in the first half, an increase of 14% on the year-ago period, the company said.
Electrica (EL.RO), one of the main actors on the energy supply and distribution market in Romania, has signed a RON750 million loan agreement with Erste Group Bank and Raiffeisen Bank Romania, the company announced.
Real estate developer One United Properties has opened a sales center within the One Floreasca City mixed-use project, which is the main sales office for all the company’s projects finalized and under development.
Mailing services company Pink Post, held by businessman Octavian Radu, is acquiring the first batch of ten electric vehicles worth EUR400,000 for the operations it conducts in capital Bucharest, the company said in a statement Wednesday.
Roofing systems producer Bramac Sisteme de Învelitori has changed its name to BMI Romania Sisteme de Învelitori to reflect its affiliation to BMI Group.20085 items