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Romanian IT company AROBS Transilvania Software primarily owned by Cluj-based entrepreneur Voicu Oprea has completed a private stock placement on Friday and raised RON75 million from investors, ZF has found.
The annual inflation rate would probably rise over the short time horizon to much higher values than those anticipated in the August forecast, which had indicated a 5.6% in December 2021 and levels of around 3.4% starting the third quarter of 2022, Romania’s central bank (BNR) Board members said during the monetary policy meeting on Friday.
Romania’s central bank (BNR) warns about the Government’s fiscal policy stance, which is likely to jeopardize budget consolidation. Romania has a high budget deficit, which will be very difficult to curb, since the budget has high permanent expenditures, Romania’s central bank Board said during its monetary policy meeting on Friday, October 5.
The global IPO (initial public offering) market continued to boom through the third quarter of 2021, resulting in the most active third quarter by deal numbers and proceeds in the last 20 years, according to the EY IPO Q3 2021 report.
Dent Estet, the established market leader in the field of dentistry services in Romania, part of MedLife Medical System, has acquired the majority stake of 60% of the shares of Stomestet Cluj, one of the leading dental clinics in central region of Transylvania.
Tailent, the Romanian tech company known for democratizing access to Robotic Process Automation (RPA) solutions, continues to expand globally and is entering the Portuguese market through a partnership with integrated management solutions provider Winsig.
New car registrations in Romania grew by 4.3% on the year to 88,262 units in January-September 2021, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Friday.
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, continued its upward trend on Friday (October 15) and reached 2.2% a year, from 2.15% a year on Thursday (October 14).
The volume of Romanian construction works decreased, in unadjusted data, by 5.8%, in August 2021 compared to August 2021, and by 5.2% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Friday.
Nicoleta Munteanu, founder and main stakeholder in EuroinSol, in 2020 launched Kids in Business, an entrepreneurial education project so far accessed by over 1,500 primary school pupils of private and public schools.
French-owned Axeria, headquartered in Lyon, plans to enter Romania’s RCA (auto liability insurance) market.
Domestic company Yellow Restaurant, managing under the Yellow.Menu brand a virtual restaurant selling its own dishes through an online platform, has recently launched two new services especially targeting the B2B segment.
Dacia and Ford car plants are constantly adjusting production depending on chip supplies, and new halts are scheduled in the coming weeks.
Compania Hoteliera Intercontinental, the company managing Bucharest’s five-star hotel of the same name, ended 2020 with 80% lower revenues on the year and for this year forecasts a 60% drop against the 2019 level.
Belgium-held Etex Building Performance, which owns building materials maker Siniat, is set to invest EUR10 million in the next two years to boost its production capacities and develop new products, explained Andrei Popa, country sales manager Romania & SEE region with Siniat/Etex Building Performance.
Romania needs to invest EUR23 billion in the energy sector to comply with the Integrated National Energy and Climate Plan (INECP) as undertaken before the European Commission.
Raffaello Shoes Factory, the largest footwear manufacturer in Romania, posted RON263.3 million (EUR54.6 million) revenue in 2020, a decline of 15% on the ROIN311.3 million (EUR65.7 million) of 2019, Finance Ministry data show.
Romania’s Finance Ministry has reopened a bond issue due in 2030 and raised RON600 million from banks on Thursday, as much as scheduled, at a yearly yield of 4.93%.
ACT si Politon publishing house posted more than RON2.5 million sales in the first half, an increase of 10% on the year-ago period, after having launched 27 new titles, 18 of which as audiobooks, too.
Romania’s current account balance ended January-August 2021 with an EUR10.1 billion deficit, 55% higher than the EUR6.5 billion in January-August 2020, Romania’s central bank data show.20085 items