Romania's finance ministry on Monday raised 415.5 million lei (EUR85.2 million), versus its RON300 million target, selling bonds maturing in October 2030 at an average yield of 3.56%, central bank data showed.
Most companies are still looking at how they will operate after the pandemic ends, but it is increasingly clear that they will seek hybrid solutions tailored to each organization and the office space will retain its central role, a survey by Cushman & Wakefield Echinox showed.
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) on Monday announced that the country’s antitrust watchdog approved the transaction whereby it acquires 99.92% of the share capital of DOOSAN IMGB.
Liviu Tudor, one of Romania’s biggest office owners, has developed a new standard that certifies the resilience of office buildings to pandemic or similar risks.
Blue Air, the biggest private Romanian airline, announced Monday it has received the first tranche of its state-guaranteed EUR300.7 million loan and was preparing for a complicated winter and expects to recover in spring 2021.
Delivery firm Urgent Cargus, the second largest in Romania, said it plans to hire 1,000 people by the end of the year for delivery and sorting jobs, of which over 700 in Bucharest, Brasov, Timisoara, Arad, Oradea, Sibiu, Cluj, Iasi and Constanta.
Construction material producer TeraPlast Bistrita (TRP.RO) plans to distribute a gross dividend of RON0.026 per share for the nine-month period ended on September 30, 2020, respectively a yield of 6.2%. The total amount allotted for the payment of dividends reaches RON45.3 million.
Romanian car parts manufacturer Compa Sibiu (CMP.RO) will be inaugurating two hotels in the city of Sibiu in 2023, on the site of the former Arsenal factory. The hotels will operate under the Mercure and ibis Styles brands.
Swiss drugmaker Novartis, which owns in Romania the Sandoz medicine factory in Targu-Mures, is building a drug testing center and a new manufacturing line that will increase the packaging capacity by 30%.
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of RON5 to the euro in the next 12 months, while inflation is expected to average 2.87% and the country's economy to contract 4.5% in 2020.
Soufflet Malt, the largest producer of malt (one of the key ingredients for beer) in Romania, posted about 255 million lei (EUR53.8 million) revenue in 2019, an increase of 7.5% on the previous year, ZF has calculated from Finance Ministry data.
New electric and hybrid cars registrations increased by 9% to almost 5,400 units in January-September, Romania’s Automotive Manufacturers and Importers Association (APIA) data show.
Shareholders of Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) on Friday approved the extension of the mandates of current provisional Directorate members by two months from their expiration date, the company said in a stock market report.
Romania's natural gas transmission company Transgaz (TGN.RO) has completed the modernization works of the gas compressor station in Silistea, an objective included in the second stage of the project “Interconnection of the National Transmission System with the T1 international gas transmission pipeline and reverse flow at Isaccea”.
CTP, the largest developer and administrator of industrial and logistics parks in Romania and Central and Eastern Europe (CEE), plans to double the leasable area of logistics spaces in the region of Transylvania until 2023, with EUR50 million investments aimed at expanding the logistics parks near the city of Timisoara.
Nearly three quarters of investors active on the Romanian land market have closed transactions in 2020 or expect to do so by the end of the year despite sluggish economic recovery and the ongoing pandemic, a survey by Colliers International showed Friday.
With 38% annual growth, Romania was the top importer of laptops in the EU in the first half of 2020 as imports of laptops hit an all-tie high in the EU in April, Eurostat data showed Friday.
The assets managed by private pension funds (Pillar II and Pillar III) reached RON72.58 billion (EUR14.8 billion) at the end of September, up 17.96% compared with September 2019, data from Romania's financial market regulator showed Friday.
Private lending in Romania grew 1.1% in nominal terms and 1.2% in real terms in September compared with August, to RON277.5 billion, central bank data showed Friday.
The Renault group will stop assembling the Logan MCV when the second generation of Logan and Sandero ends and promises to replace it with a revolutionary car.