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FintechOS, global technology provider for banks, insurers and other financial services companies, announced Tuesday it has raised $60 million (EUR51 million) in Series B funding.
Life insurance company Aegon Romania, part of Dutch group Aegon, had underwritings of RON134.5 million in 2020, up 13% on the year.
ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, ended 2020 with EUR45.85 million revenue, an increase of 29% on the previous year, fueled by the greater demand for IT and cyber security products.
Restart Energy, the second largest independent supplier of electricity to household consumers in Romania, is listing its first bond issue on the Bucharest Stock Exchange Wednesday.
The second-hand fashion market in Romania is developing like the regular fashion market, so retail and chains are emerging. This market started taking shape in Romania more than a decade ago but did not go beyond the stand-alone no-name store phase for a long time.
International Finance Corporation (IFC), member of the World Bank Group, has granted a EUR72 million green loan to Romanian developer Iulius Group for the development of Palas Campus, an eco-friendly 60,000-sqm information technology complex in Iasi, northeastern Romania.
Romania's unemployment rate stood at 5% in 2020, compared with 3.9% in 2019, data from the country's statistics board showed Tuesday.
The situation of the GFG group, the main shareholder of steel plant Liberty Galati, will not affect the operations of Liberty Galati, where GFG’s investment plans have not been shelved, says Ajay Aggarwal, member of the board of directors of the plant in Romania and chief executive of GFG.
Automotive component supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle group, ended 2020 with a net profit of nearly RON10.2 million (EUR2.1 million), 3.5-fold higher than the net profit of over RON2.9 million (EUR621,000) in 2019, per finance ministry data.
One United Properties, one of the most active real estate developers of residential, office and mixed-use projects in Bucharest, said it plans to list its shares on the main market of the Bucharest Stock Exchange, and its intention has been approved within the Extraordinary General Meeting of Shareholders held Monday (April 19).
The Bucharest Stock Exchange, which operates the Romanian capital market, will distribute investors a gross dividend of RON1.0672 per unit, the equivalent of a 4.2% yield, per its shareholders’ decision of April 19, 2021.
Swedish Tetra Pak Group, world leader in food processing and packaging solutions, has appointed Lyndsey Loyden-Edwards to the position of general manager of for operations in Eastern Europe, including Romania.
Romania's finance ministry on Monday raised 533 million lei (EUR108.2 million), compared with a RON500 million target, selling treasury bonds maturing in October 2027 at an average yield of 2.77%, central bank data showed.
Provita Group, one of the leading medical center providers in Romania, founded by dr. Ovidiu Palea, said it will be investing EUR12 million in a multi-disciplinary hospital after signing a 25-year lease for 11,000 square meters in Immofinanz' Iride Park in Bucharest.
Online furniture and home decor retailer Vivre Deco has raised EUR7 million selling corporate bonds via private placement brokered by TradeVille.
Grand Plaza Hotel, which owns the Sheraton hotel in Bucharest, has sold the Neptun complex in the seaside resort of Neptun, for EUR5 million to Onix Residence.
Austria's Immofinanz, one of the largest real estate groups in Central and eastern Europe, said Monday it has concluded a long-term rental contract for roughly 11,000 sqm with the Provita Group, one of the leading medical center providers in Romania.
Logistics developer Element Group, founded by Ionut Dumitrescu, announced Monday it has acquired a 2.7-hectare land near Pitesti, in close proximity to the A1 highway.
Developer Portico Investments Romania, advised by Colliers, has completed the sale of six retail buildings to Praktiker Real Estate and Lidl Romania, in two transactions amounting to EUR8.5 million.
The mergers and acquisitions market in Romania decreased 26% on the year in volume in the first quarter of 2021, with just 42 transactions announced compared with 53 transactions in the same period last year, a report by PwC Romania showed Monday.18948 items