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Romania manufactured 236,663 vehicles in the first half of 2021, data from the country's carmakers association ACAROM showed Tuesday.
Romania's annual inflation rate grew to 3.9% in June 2021, higher by 0.3% from 3.8% in May 2021, data from the country's statistics board showed Tuesday.
Germany’s DKV Mobility and Smart Diesel have announced completion of the deal whereby the former took over the latter, one of the largest entrepreneurial fuel businesses in Romania.
Individual investors subscribed about RON905 million during the fourth sale of Fidelis government paper, for which the Finance Ministry is paying as much as 3.25% a year, ZF has found. At the third sale, in March 2021, the Finance Ministry raised some RON1.4 billion from individual investors.
Romania's finance ministry on Monday raised a planned 200 million lei (EUR51.8 million), selling a new issue of bonds maturing in April 2036 at an average yield of 4.31%, central bank data showed.
First Bank, held by US investment fund J.C. Flowers, has appointed Anca Petcu to the position of Chief Operations Officer (COO).
Cognizant Softvision, one of the largest tech employers in Romania, based in Cluj-Napoca, intends to hire another 500 programmers by yearend, besides the more than 500 people already hired in the first half of 2021.
Airline Blue Air is planning to list on the London Stock Exchange in the autumn of 2021, with a valuation of up to £500 million (EUR584 million), hoping to mimic the success of Hungarian airline Wizz Air in Europe over the past decade, according to The Times.
Romania’s mergers and acquisitions (M&A) market saw 54 deals in the first half of 2021, compared with 42 deals in the same period in 2020, being estimated at nearly EUR1.2-1.4 billion, taking into account the overall amount of deals with disclosed and undisclosed value, compared with EUR1-EUR1.2 billion in 1H/2020, while deals with disclosed value totaled EUR485 million versus EUR572 million in 1H/2020, per Deloitte data.
Romania’s startup Digital Nation is one of the 13 organizations selected for the 2021 Google.org Impact Challenge for Central and Eastern Europe (CEE), the company said Monday.
Alina Dimitriu, Partner within the Audit and Financial Services Department of EY Romania, has taken over the position of leader of the company’s Audit Department, starting July 2021, per an announcement by EY Romania, which provides consulting, assurance, tax and transaction services.
Eleni Skoura, executive director of the Retail Products & Segments division of BCR Erste, will take over the position of Head of Retail Banking and member of the Executive Committee of ING Bank Romania, starting August 23, 2021.
Romanian company Connections Consult, specialized in providing software solutions and IT services, closed on July 9 a primary sale offer in the form of a private placement of shares brokered by TradeVille.
E.ON Energie Romania and winemaker Cramele Recas are starting in July 2021 the construction of a solar power plant, which entails an investment of nearly EUR430,000 and will cover 20% of the electricity needed at the latter’s wine-making facility.
The average net salary in Romania dropped 1.9% in nominal terms in May 2021 compared with April 2021, to 3,492 lei (around EUR708), data from the country's statistics board showed Monday.
Romania's trade balance posted a deficit of EUR8.8 billion in January-May 2021, higher by EUR1.4 billion compared with the first five months of 2020, data from the country's statistics board showed Monday.
Bicycle manufacturer Eurosport DHS posted RON334.8 million (EUR69.5 million) revenue in 2020, 10% lower than in 2019, ZF has calculated from Finance Ministry data.
Home appliances manufacturer Arctic Gaesti plans to develop the operations of its two plants in Romania at a time when demand for refrigerators and washing machines is at its highest, as the COVID-19 pandemic made people invest in such goods.
The investments of several million employees, who are now paying 3.75% of their gross monthly income towards mandatory private pensions, in 24 companies listed on the Bucharest Stock Exchange via Pillar II pension funds reached RON17.3 billion (EUR3.5 billion), ZF has calculated from the latest available data (first quarter 2021).
Romanian real estate developer Impact Developer & Contractor (IMP.RO), held by entrepreneur Gheorghe Iaciu, has completed the share capital increase operations by incorporating the share premiums worth RON69.48 million and the amount of RON61.76 million from the result reported in 2020.18957 items