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Ergonomic chair maker Antares Romania, a subsidiary of Czech group Antares, expects to hit turnover worth RON37.7 million (EUR7.6 million) in 2021, in line with ZF calculations based on company data.
Romania’s economy significantly slowed down its growth rate in the third quarter of 2021 and a slight recession is possible in the fourth quarter of 2021, in the context in which the economy exceeded the pre-pandemic level, the pandemic situation keeps deteriorating and the rising inflation has started to bite on people's household income, according to OTP Bank analysts.
Automotive component manufacturer Compa Sibiu (CMP.RO) said in a stock market report Thursday that private pension fund Vital, managed by Aegon Pensii, owns 12.3 million Compa shares, respectively 5.62% of the company’s voting rights, following several deals carried out on November 24, 2021.
Polish fashion retailer Sinsay, part of LPP Group, will be opening two stores in the Family Market shopping centers developed by Iulius Group in Iasi County.
Claudia Pendred has received the approval of Romania’s central bank for the position of independent member in the Supervisory Board of Raiffeisen Bank.
Law firm Filip & Company has assisted DIGI Group in the process of selling DIGI Távközlési Szolgáltató Ltd. and the subsidiaries Invitel, I TV and DIGI Infrastructure towards 4iG, which operates on the Hungarian IT and telecom market.
New car registrations in Romania dropped by 13% on the year to a total 11,480 units year-over-year in November 2021 and by 0.9% to a total 110.377 units since the beginning of 2021, data from the association of automotive manufacturers in Romania (ACAROM) showed Thursday.
Romania's foreign exchange reserves fell by EUR560 million in November 2021 versus October 2021, to EUR39.2 billion, central bank data showed Thursday.
Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, led by Lucian Azoitei, announces the completion of the international selection for design, engineering and technical assistance services for the construction of the Lagoon City mixed-use complex in Bucharest.
Scandinavian furniture and home accessories retailer JYSK on Thursday said its turnover grew by 30% to RON793.6 million and its profit before tax soared by 82% to RON148.8 million, in Romania, in 2021 financial year ended on August 31.
The group of firms Maviprod-IRUM, held by the Oltean Family in Reghin, expects to end 2021 with a nearly 15% increase in turnover versus 2020, after seeing a nearly 30% rise year-over-year in the third quarter of 2021.
Fast food restaurant chain Subway, present on the Romanian market since the spring of 2012, has closed five stores in Romania over the last six months, reaching a 34-unit chain, per data on its website and calculations by Ziarul Financiar based on previous information.
Czech online home deco retailer Bonami, part of Czech Miton Group, reported sales of over EUR1.2 million on the Romanian market in November 2021, when it carried out multiple sales campaigns among which the Black Friday sales campaign.
The ten most active brokers on the Bucharest Stock Exchange intermediated cumulated deals worth RON34.89 billion in January-November 2021, jointly holding a 92.6% market share, per calculations by Ziarul Financiar (ZF) based on stock market data.
Seven of ten biggest insurance companies in Romania registered profit in 2020, per finance ministry data. The most profitable insurer was Allianz-Tiriac, reporting profit of RON138 million, which, relative to RON1.65 million revenue, translates into a profit margin of 8.36%.
Health food delivery startup LifeBox is moving operations to a new production facility in the Apaca Complex in western Bucharest and has allocated a total investment of EUR900,000 for it.
Longin Mircea Draghicescu, one of the major landowners in Olt County, has increased his stake in Cerealcom Teleorman (CCOM.RO) to 69% through Longin SRL, according to an announcement published on the Bucharest Stock Exchange (BVB.RO).
Industrial production prices for the domestic and non-domestic markets grew by 6.3% in October 2021 versus September 2021 and by 26.8% in October 2021 versus October 2020, data from Romania’s statistics board INS showed Thursday.
Romania's seasonally adjusted unemployment rate reached 5.3% in October 2021, the same level as compared to September 2021, data from the country's statistics board INS showed Thursday.
Alpha Bank, a top ten lender in Romania by assets, posted pre-tax profit of EUR20 million in the first nine months, more than in the year-ago period.20681 items