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Romania’s Finance Ministry reopened a bond issue due in October 2027 and raised RON708 million from banks on Thursday (Feb 3), above the targeted level of RON600 million, at a yearly yield of 5.05%.
Vox Property Group, one of the most important real estate developers in western Romania, leased in 2021 a total of 4,650 square meters of office space in Vox Technology Park, a project delivered in Timisoara following an investment of EUR30 million.
ING Bank Romania is turning its Department of Corporate Social Responsibility, set up in 2012, into a Sustainability Department, in line with the transition to a green economy and the development of partnerships with the civil society.
Hilton hotel chain confirmed on Thursday (Feb 3) significant expansions to its DoubleTree by Hilton portfolio, with the announcement of six new European hotels in Italy, France, Romania, Hungary, the Netherlands and Germany.
Nordic Group, one of the largest Romanian companies in the field of premium food distribution in Retail, Hospitality, and Bakeries, has appointed Dan Nistor as General Manager starting February 2022, with the aim to consolidate the accelerated development of the last years and to ensure resources for future projects.
Agroserv Mariuta (MILK.RO), the company that owns the Laptaria cu Caimac brand, on Thursday reported the sale of a package of 270,000 shares, at a price of RON10.0057 per unit, with the total amount exceeding RON2.7 million.
A team of deals specialists of PwC Romania has provided financial and tax advisory services to Central European private equity investor Abris Capital Partners in the transaction to acquire Romanian dental consumables and equipment distributor Dentstore.
One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has moved its offices to the One Tower office building, part of the multifunctional complex One Floreasca City.
2Performant (2P.RO), the main player on the Romanian affiliate marketing market, has appointed Cristian Iosub to the position of Growth Manager starting February 1, 2022.
OMV Petrom (SNP.RO), the largest company listed on the Bucharest Stock Exchange in terms of capitalization, reported sales revenue of RON26 billion for 2021, up 32% year-over-year, and a net profit of RON2.86 billion, up 122% on the year, as per the company’s financial report released Thursday.
Amber, the largest independent video game developer in Romania, continues its global expansion with the opening of a new studio in Kiev, Ukraine.
Real estate developer One United Properties has centralized all its operations, including sales one, in a single headquarters, located in One Tower building, part of multifunctional complex One Floreasca City.
Retail turnover, the main barometer for private consumption, in 2021 increased by 10.1% in gross series against 2020, amid rising sales of non-food items (13.6% growth), car fuel in specialized stores (11.6%) and foodstuff, drinks and tobacco (5.5%).
Metal roofing tile producer Blachotrapez, owned by the Polish group of the same name, plans to start production at the new plant it is building with state aid in Baia Mare in summer.
Electronic parts producer Plexus Services Ro, the local subsidiary of US group Plexus, currently as 58 jobs available at the Oradea electronic parts plant.
Valer Hancas, communications and corporate affairs manager at Kaufland Romania, says the company has an investment budget of at least EUR350 million for 2022, with the money aimed at expansion and refurbishment works.
Impact Developer & Contractor (IMP.RO), one of Romania’s biggest real estate developers, plans to make use of geothermal resources of northern Bucharest to allow for the heating of housing units he is building within Greenfield project.
New consumer and mortgage loans taken by consumers from banks, in lei and euros, accelerated in 2021 to a 15-year high, after declining in 2020, the first year of the COVID-19 pandemic, Romania’s central bank data show.
Travel agency Eturia ended 2021 with a 35% increase in sales volume compared to 2019, to about EUR15 million. The tour operator has reintroduced to its portfolio of offers for 2022 destinations that were partially or totally closed in the last two years, such as Cuba, Thailand, Sri Lanka, Mauritius, USA, Argentina, Jamaica and Bali.
The pharmaceutical market in Romania generated sales of over RON21 billion in 2021, up 17% from the previous year, according to data provided by market research company Cegedim.21698 items