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Retail chain Cora ended last year with RON1.6 billion sales, 5.5% lower than in 2019, ZF has calculated from publicly available data. The decline came amid the pandemic but as ZF found, Cora was the only modern grocery retailer to see sales shrink in 2020.
Lasselsberger Ceramics Romania, a local ceramic tile producer and owner of the Cesarom brand, posted 10% growth in turnover in 2020 and its profit doubled.
The Timis family, who owns the cold cuts producer Cris-Tim and Casa Timis mansion, plans to build a hotel in the next five years. The entrepreneurs intend to build some accommodation facilities in the area where the Casa Timis mansion is in the near future.
Romania's former social-democrat prime minister Viorica Dancila has not been appointed advisor to the central bank governor but will advise on strategy issues within the central bank's euro adoption department, a central bank official has clarified.
Corrugated cardboard and toilet paper manufacturer Vrancart is conducting EUR29 milion investments in several projects intended to ensure development of the business.
Outsourcing services company Teleperformance Romania has earmarked an investment budget of RON3.6 million for 2021, 14% higher than the investment budget of over RON3.14 million for 2020, which was nearly 58% higher than the budget for 2019.
Railway freight transporter Grup Feroviar Roman (GFR), the main company of freight railway group Grampet and the largest private railway operator in Romania, registered a turnover of RON692 million in 2020, down 5% on the year, per company data.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) registered a net profit of RON6.1 million in the first quarter of 2021, compared with a loss of RON11.4 million in the same period in 2020.
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, said it would invest RON612 million (EUR126 million) in 2021, in modernizing and extending the natural gas and electricity distribution networks.
Canned foods manufacturer Prefera Foods, held by entrepreneur Raul Ciurtin, plans to trade trade bonds on the Bucharest Stock Exchange, according to Zoarul Financiar.
Software solutions provider Life is Hard (LIH.RO), which is listed on the AeRo market of the Bucharest Stock Exchange, has signed a contract to acquire 100% of the shares of Innobyte Solutions – one of the leading players on the Romanian ecommerce market.
BestJobs Recrutare SA, the company that manages job recruitment platform BestJobs, has raised EUR3.4 million from stock market investors following a private placement of bonds closed early at the beginning of the week by brokerage firm Tradeville.
Lender Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), on Tuesday reported a net profit of RON453,000 for the first quarter of 2021, from a loss of RON2.4 million in the same period last year.
The Foreign Investors Council (FIC), an organization that brings together over 120 multinational companies, said Romania’s economic growth in 2021 would exceed the European average, which will also translate in the coming period in enhanced investment opportunities.
First-quarter investments on the Romanian property market declined 42% in annual terms, to EUR85 million euro in Romania, with office assets accounting for around half the transacted volumes, real estate consultancy company said in a report Tuesday.
Romania's former social-democrat prime minister has been appointed advisor to central bank governor Mugur Isarescu, the central bank confirmed Tuesday.
Telecom operator Vodafone Romania on Tuesday reported total services revenue of EUR801 million for the fiscal year 2020/2021 ended March 31, 1.5% lower compared with the previous fiscal year.
Developer Vox Property Group has contracted a loan of EUR19.5 million from CEC Bank to consolidate previous debt and fund projects under development.
The first stage of a EUR25 million renovation of the Athenee Palace Hilton hotel in Bucharest will be completed by the end of May, owner ANA Hotels said Tuesday.
Erste Group, which owns Romanian lender Banca Comerciala Romana, on Tuesday revised its forecast for Romania's economic growth to 6.7% for 2021 from a previous estimate of 4.2%, on positive first-quarter data.18957 items