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Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend on Wednesday (October 13) and reached 2.13% a year, from 2.11% a year on Tuesday (October 12).
Romania’s industrial production increased by 12.7% in unadjusted data in January-August 2021 compared to the same period in 2020, and by 13.1% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Wednesday.
BRD Pensii, which manages private pension fund BRD Pensii, joined the shareholding structure of Romania's nuclear power producer Nuclearelectrica (SNN.RO) through an investment worth nearly RON15 million at end-June 2021, per data from the half-year financial report.
Tech startup Pluria, launched in September 2020 by entrepreneur Andrei Cretu, the co-founder of 7card network, launched the application on the markets of Spain and Columbia
Dr. Fischer Dental, the leading producer on Romania’s dental works market, controlled by doctor Antoaneta Fischer, is readying to list on the AeRo market of the Bucharest Stock Exchange by end-2021 through a private stock placement.
Romanian state-owned airline Tarom in this period operates at half the capacity registered in the same period of 2019, according to its representatives. Low demand comes amid as Romania is coping with the fourth wave of the pandemic.
Oltina Impex Prod Com, a major Romanian-owned company in the milling and bakery industry, in 2020 posted turnover worth RON499.4 million (EUR103.6 million), 17% higher than in 2019, in line with Finance Ministry data.
Sporting goods retailer Hervis Romania in 2020 generated turnover worth RON234 million, 7% lower than in 2019. In 2020, non-essential physical stores shut down for several months, so that fashion, sporting goods or cosmetics retailers relied only on the online segment during that period.
Taffo, a Baia Mare-based building company owned by three shareholders, expects turnover to rise by 70% in 2021 on the year on the basis of construction sites underway.
Poland’s Amrest group expanded its Romanian network with two locations, a Burger King restaurant and a Starbucks coffee shop for a total of 62 in the first half.
Electric motor plant Nidec in Oradea, held by Japan’s Nidec group, posted RON134.6 million (EUR27.9 million) revenue in 2020, 17% lower than the RON163.6 million (EUR34.5 million) in 2019, Finance Ministry data show.
Businessman Dan Sucu and Conadi are getting ready to start construction on the third phase of the Arcadia Apartments Domenii residential project in Bucharest.
The first bond issue of Polish company Aforti Holding started trading on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange, under the stock market symbol AFH25, on October 12.
ING Bank Romania has granted loans worth over RON1.2 billion to entrepreneurs through the government's IMM Invest program for small and medium-sized enterprises (SMEs), since April 2021, higher by 20% compared with the level for the full-year 2020.
Revo Technologies, a Russian fintech company operating under the Mokka brand and specialized in Buy Now Pay Later-type services, has concluded a partnership with the GoMag e-commerce platform, which supports the online activity of over 2,250 stores.
Real estate developer Campeador, with operations in western Romania, has contracted a loan worth EUR4.5 million from state-own lender CEC Bank.
Franchised store chain LaDoiPasi (Two Steps Away), developed by Germany’s METRO Cash&Carry, is extending today (October 12) by 22 new units, on the occasion of the Own Business Day organized annually by Metro Group.
The average net salary in Romania fell by 1.6% in nominal terms in August 2021 compared with July 2021, to 3,487 lei (EUR704.6), data from the country's statistics board showed Tuesday.
Romania's annual inflation rate kept its upward trend in September 2021, surging to 6.3%, higher than 5.3% in August 2021, data from the country's statistics board showed Tuesday.
Affidea Romania, the largest player on the local medical imaging services market, announced it opened Affidea I Hiperdia medical center in Cluj in the wake of total EUR2.7 million investments.20085 items