Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, seeks to raise RON5 million from investors and/or by contracting credit facilities to fund development in Romania, Bulgaria and access new markets.
Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, has budgeted EUR257 million revenue for 2021, an increase of more than 13% on the EUR227 million of 2020.
Nine office space projects, with at least 9,000 square meters each, will be delivered in 2021, real estate consultants say. The largest building to be delivered this year will be the first phase of the One Cotroceni Park and inauguration will take place one year from the inauguration of the new subway to Drumul Taberei.
Online commerce, which has been on the rise in the last few years, surged last year as the pandemic made people order and buy more products over the Internet. The parcel delivery industry, one of the winners of this crisis had to cope with high volumes last year, which led to significant rise in revenue.
Romania's financial supervisory authority has registered the securities related to the share capital increase of MedLife (M.RO), the leader of the private medical services market in Romania, the company said Friday.
The pharmaceutical market in Romania grew 1.3% in 2020, to RON18 billion (EUR3.7 billion), while medication sales in volume stood 625 million packs, the same as in 2019, Cegedim research showed Friday.
Retailer cora Romania, part of French-Belgian group Louis Delhaize, is launching its cora Urban convenience store format, tapping a retail segment that has seen increased activity amid pandemic-related restrictions.
Romania's natural gas transmission company Transgaz (TGN.RO) said in a market report Friday that Allianz SE, parent company of Allianz-Tiriac Pensii Private, has exceeded the 5% holding threshold on February 8.
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Friday reported a net profit of RON3.55 million for 2020, up 47.8% compared with 2019.
Online retailer and manufacturer of mobile phones and gadgets iHUNT (HUNT.RO) on Friday listed its first corporate bond issue on the Bucharest Stock Exchange under the ticker symbol HUNT23.
Parcel delivery company Sameday held by online retailer eMAG, last year saw its revenue double both because of the rise in online commerce and because of the investments it has made in the last few years.
Baneasa Shopping City, the mall in northern Bucharest operated by Baneasa Developments, plans to stay fully rented in 2021 and has adjusted the way it calculates rents accordingly, by lowering them.
Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth projection of 4.3%.
Video games developer Firebyte Games held by Cluj-based brokerage firm BRK is starting its private placement on Monday, February 15, to raise funds for development from investors, after which it will go public on the Bucharest Stock Exchange, the company officials say.
Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Friday.
International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative outlook and Viability Rating (VR) at 'bb-', per data on the agency’s website.
Agroland Business System, a company that owns the most extended chain of farming product stores in Romania, held by businessman Horia Cardos, has summoned the extraordinary general meeting of shareholders to approve the transformation of Agroland Agribusiness from a limited liability company into a joint-stock company, per a stock market report.