Found 20085 news
Romanian tourists’ massive shift toward the domestic hospitality industry amid pandemic restrictions is turning into a rare opportunity to invest in this field, says Dragos Petrescu, founder of City Grill, Romania’s biggest entrepreneurial business in the restaurant field.
The European Bank for Reconstruction and Development (EBRD has invested RON75 million in the RON500 million bond issue of Banca Comerciala Romana (BCR), ZF has found.
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) announced in a stock market report that the company’s shareholders approved at their meeting on Thursday (October 21) a new structure of the Board of Directors effective October 24, 2021.
A 12.9% annual global rate of decarbonization is now required to limit warming to 1.5°C. In 2020 the rate of global decarbonization - the reduction in carbon intensity or energy-related CO2 emissions per dollar of GDP - was 2.5%.
Romania's finance ministry on Thursday raised RON1.16 billion, almost double the targeted amount of RON600 million, selling bonds maturing in June 2026 at an average yield of 4.48%, central bank data showed.
Romania’s largest online retailer eMAG on Thursday launched Freshful by eMAG, a new online hypermarket with fast delivery of fresh products, following a EUR5 million investment in technology, operations and a refrigerated warehouse.
NEPI Residential, the new residential division of NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, obtained the building permit and will start the construction of Vulcan Residence, the first apartment complex in its portfolio, located in Bucharest’s 13 Septembrie area.
Startup Druid, founded in 2018 by local entrepreneur Liviu Dragan, on Thursday announced a fivefold increase in the monthly recurring revenue and $2.3 million annual recurring revenue at end-September 2021, amid demand on the market of Conversational Artificial Intelligence products.
Cigarette producer BAT contributed RON7.8 billion to Romania’s state budget in the first nine months of 2021, 13% more than in the year-earlier period.
Belgium-held logistic space developer WDP, one of Romania’s most dynamic investors on this market, bought a land plot of more than 60,000 square meters in Timisoara (western Romania) for a future development.
Cattle farm Agroindaf Afumati reached turnover worth RON6.7 million in 2020, slightly higher than in 2019, and net profit of RON860,000, almost half the 2019 level, in line with Finance Ministry data.
Ionut Dumitrescu, founder of Element Industrial, and Sacha Dragic, founder of Superbet, will seal a partnership to develop the ELI Parks logistics park network . Also involved is Anca Damour, former Carrefour executive board member, with a 19-year experience in the real estate and retail sectors.
Do-it-yourself retailer Dedeman, the biggest Romanian entrepreneurial company by turnover, leads in the ranking of Southeastern Europe profits, with a net gain of almost EUR300 million in 2020, shows SEE Top 100 ranking by Seenews, a Sofia-based business news provider.
Romania ranks fifth among European Union Member States regarding the annual inflation rate, with consumer prices increasing by 5.2% in September 2021 compared to September 2020, based on the Harmonized Index of Consumer Prices (HICP), according to Eurostat data.
Hungarian low-cost airline Wizz Air carried just 3 million passengers across the entire network during the April-June 2021 period, but despite an increase compared to the same period in 2020, the load factor is below the 2019 level.
Agricost, the largest grain and oilseeds farm in Romania by cultivated land, located in the Great Braila Island, has opened in 2021 the third alfalfa processing plant. The project of the construction from scratch of the three factories rose to EUR65 million.
Law firm Wolf Theiss has provided legal assistance to lender Banca Comerciala Romana (BCR) for the latter’s first issuance of senior preferential green bonds worth RON500 million, based on BCR’s Multi Issuer EMTN program.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded with Societatea Enel Energie Muntenia an annex to a contract which stipulates the wholesale energy sale in the amount of RON249.5 million between January 1, 2021 and December 31, 2022.
British American Tobacco (BAT) announced that it had signed up to the United Nations-backed Race to Zero campaign, committing to net zero emissions by 2050.20085 items