Developers on the local property market have over one million square meters of modern industrial, office and retail stock in the pipeline for 2021, real estate consulting company JLL said in a market report Thursday.
French-held Carrefour group, which has some 370 stores on various segments of the market in Romania, has appointed Julien Munch to run its local operations.
Romanian state-owned natural gas producer Romgaz (SNG.RO) on Thursday reported a preliminary turnover of RON4.07 billion for 2020, down 19% on the year, as sales of natural gas dropped 10% in volume and over 24% in value.
The construction industry, too, will suffer the effects of the pandemic in 2021, after having been relatively safe so far, believes Cristian Erbasu, owner of Constructii Erbasu, the largest Romanian builder by 2019 results.
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a net profit of RON58.9 million for 2020, virtually unchanged from 2019, while its turnover declined a slight 0.2%, to RON406.93 million.
US insurer MassMutual has rented 1,700 square meters of class A office space, occupying the second floor of Record Park building in Cluj-Napoca, developed by Belgium’s Speedwell.
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, on Thursday reported a net profit of RON684 million for 2020, up 27.8% on the year.
Romanian conveyor belt maker Artego Targu-Jiu (ARTE.RO) has summoned its shareholders on March 29, 2021 to approve the distribution of dividends in the amount of RON4.3 million from the 2020 net profit of RON10.6 million, respectively, a gross dividend of RON0.5264 per share, per a stock market report.
The Board of Directors of Romania's nuclear power producer Nuclearelectrica (SNN.RO) has summoned the company’s shareholders on April 5 to approve the strategy of continuing the project of Units 3 and 4 at the power plant in Cernavoda, per a stock market report.
Shareholders of regional investment fund SIF Oltenia (SIF5.RO) on Wednesday approved the distribution of RON52 million from its 2019 profit of RON124 million in the form of dividends to investors.
Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and training services in the IT sector, said in a stock market report that it had successfully completed negotiations needed to join the shareholding structure of The E-Learning Company SA and thus signed the investment contract to buy 20,700 shares, or 23% of the share capital, for RON1.75 million.
Romania's public debt reached RON498.3 billion at the end of 2020, accounting for 47.7% of the gross domestics product, compared with 35.3% of GDP in 2019, finance ministry data showed Wednesday.
Regional investment fund SIF Moldova (SIF2.RO) said Wednesday in a stock market announcement that regional investment fund SIF Banat-Crisana (SIF1.RO) fell below the 5% ownership threshold in SIF2, reaching a holding of 3.193%, following a transaction carried out on February 19, 2021.
Romania's nuclear power producer Nuclearelectrica, which operates the country's sole nuclear power plant, expects to start operating a third reactor in 2030–2031, the company's CEO said Wednesday.
OMV Petrom, the largest energy company in South-Eastern Europe, has invested EUR1.5 million at the Petrobrazi refinery to streamline the lighting system of its ten industrial ramps where crude oil and feedstock is unloaded and oil products are loaded.
Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, reported a turnover of RON20.2 million in 2020, up 31% on the year, and a net profit of RON0.8 million, up 17% on the year.
Egger Romania, part of the Austrian supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, posted about EUR299 million revenue in 2020, more than 9% lower than in 2019, ZF has calculated from the data provided by the company and from the Finance Ministry.
The Bucharest Stock Exchange Group (BVB.RO), which operates the Romanian capital market, reported a consolidated net profit of RON6.2 million for 2020, down 7% compared with 2019.