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Sibiu-based company Moara Cibin (MOIB.RO), part of milling and bakery group Boromir, had a turnover of RON111 million (EUR22.8 million) in 2020, up 2% on the year, per calculations by Ziarul Financiar (ZF) based on data from the company’s annual report and on finance ministry data.
Sugar producer Tereos Romania, the local division of French giant Tereos, had a turnover of nearly RON158.8 million (some EUR33 million) in 2020, down 12% on the year, per calculations by Ziarul Financiar (ZF) based on finance ministry data.
Travel agency Eximtur, held by the Morariu family, had revenues of RON9.5 million in 2020, down 64% from RON26.4 million in 2019.
US fast food restaurant brand Buger King, brought to Romania in franchise system by Poland’s AmRest Group, is opening a new unit in Bucharest’s Victoriei Square, in the vicinity of the Romanian government building, which is the brand’s seventh restaurant in Romania.
BRD Groupe Société Générale, the third largest lender on the Romanian market by assets, received shareholders’ approval on April 22, 2021 for the distribution of a gross dividend of RON0.0749 per share, the equivalent of a 0.5% yield.
Romania's finance ministry on Thursday raised a planned 300 million lei (EUR60.9 million) selling bonds maturing in October 2034 at an average yield of 3.86%, central bank data showed.
Sporting goods retailer Hervis Romania, the local division of Austrian group Spar, will be opening a store in Craiova, within the Electroputere Parc shopping center operated by French real estate group Catinvest.
Daniel Dines, 49, CEO, co-founder and shareholder of UiPath, is the richest man in Romania, ranking at number 464 on the Forbes list with an estimated net worth of more than $6 billion.
Telecom operator Orange Romania on Thursday reported a turnover of EUR264 million for the first quarter of 2021, 2.5% higher compared with the same period last year.
The online fashion market in Romania will exceed the $1 billion threshold by the end of 2021, according to a report by PayU, the fintech and e-payments business of Prosus.
Sales of Romanian automaker Dacia grew 10.2% on the year in the first quarter of 2021, to 121,231 vehicles, its owner Groupe Renault said in its quarterly earnings report Thursday.
Paper packaging manufacturer Segezha Packaging posted growth of 20% in revenue to RON75.9 million in 2020, Finance Ministry data show. This is its highest growth in revenue in a decade.
Face mask and other medical products manufacturer Coramed ended 2020 with RON16.6 million revenue, an increase on the RON7.2 million of 2019, Finance Ministry data show.
CFA Romania analysts see the Romanian leu averaging 4.95 units to the euro over the next 6 months and 4.99 over the 12 month-horizon, from its current level of over 4.92 units to the euro.
The mergers and acquisitions market will be more active this year than in 2020. Whereas investors decided to put certain acquisitions on hold in the first half, interest returned at the end of the year and may be even higher this year.
Danish-held Premium Porc group, the second largest pork producer in Romania, has backed out of the deal to buy five farms from Danbred, a Romanian-Danish group, due to the African swine fever virus.
TeraPlast Group ended the first quarter of 2021 with a consolidated net profit of RON200.6 million, versus RON6.14 million in the same period in 2020, which also comprises RON189.4 million representing the proceeds from the sale of the Steel business.
The National Recovery And Resilience Plan means 14% of the gross domestic product for Romania and absorbing half of the money allotted through the resilience plan could boost investments in Romania to 6.5% of GDP, Daniel Daianu, head of the Fiscal Council, told the Coface Country Risk Conference 2021.
The loan-to-deposit ratio decreased to 66.7% in February 2021, touching an all-time low, from 67.2% in January, which is due to the adjustment on the foreign currency loan-deposit segment, to 57.4% in February from 58.6% in January, a new all-time low, per an analysis by Andrei Radulescu, macroeconomic analysis director with lender Banca Transilvania.
Shareholders of state-run Antibiotice Iasi (ATB.RO), the largest pharmaceutical producer in Romania, on Wednesday approved the distribution of dividends worth RON2.2 million from the 2020 profit, which translates into a gross dividend of RON0.00330361 per share.18948 items