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Romania's finance ministry on Thursday raised 621.5 million lei (EUR126.2 million), above its RON500 million target, selling bonds maturing in October 2023 at an average yield of 2.31%.
Polish online retailer Born2be has recently entered the Romanian fashion market, with the launch of its platform locally, and the offer includes clothing, footwear and accessories.
ROCA Investments, the investment division part of Impetum Group, had a return on investment (ROI) of 62% in 2020, reaching a portfolio valuation of EUR42 million. The results come after three years of activity and have doubled compared with the level of EUR22.3 million end-2019.
Libra Internet Bank on Thursday said it ended 2020 with a net profit of RON38 million, down 67% on the year, and the total operating income of RON341 million, up 3.73% on the year, per data aggregated by Ziarul Financiar from the bank’s annual financial report.
Real estate consultancy company Cushman & Wakefield Echinox said Thursday it was extending its line of services to assist customers and partners in obtaining international LEED, WELL and BREEAM certificates, both for existing and pipeline office or industrial-logistical buildings.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 1.59% a year on Thursday (April 15), its third day of decline.
Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR493,8 million in Romania in 2020, up 5.5% on the year, and a profit of EUR8.4 million, versus a loss of EUR109 million in 2019.
Construction paint maker Policolor reported a profit of EUR2.4 million in 2020, more than double the EUR1 million level reported in 2019, despite the coronavirus pandemic, per the company’s latest financial report for 2020.
Amazon Development Center, part of US-held Amazon, the largest online retailer in the world, with offices in Bucharest, Iasi and Timisoara, ended 2020 with more than RON443 million (some EUR90 million) revenue, 40% higher than in 2019, Finance Ministry data show.
Antibiotice Iasi (ATB.RO), the largest Romanian-held pharmaceutical producer, has budgeted RON366.5 million revenue for 2021, an increase of 7.5% on 2020, as shown in its spending and revenue budget.
The beer industry, put at more than EUR1 billion a year and a consumption of 85 liters per capita a year, was less hurt in Romania than in other countries in 2020 because the decline in on-premise consumption was offset by the return of more than 1.5 million Romanians to their home country.
Romanian state-owned Antibiotice Iasi (ATB.RO), the largest pharmaceutical producer in Romania, said in a stock market report on Wednesday that regional investment fund SIF Oltenia (SIF5.RO) reached the 23.07% threshold of Antibiotice Iasi’s share capital following a transaction held on April 12, 2021.
Forte Partners, one of Romania’s most active real estate developers, held by Jabra and Geo Margescu brothers, is launching on the market a digital solution for the management of office building resources, considering that a growing number of companies decide to implement the hybrid working model on the long term.
For the first time since French Renault Group acquired Dacia brand, under the leadership of Luca de Meo, the Dacia brand will have its own Board of Directors, alongside Lada, considering that the synergies between the two brands will grow in coming years.
ENGIE Romania, the largest natural gas distributor in Romania, ended 2020 with a turnover of EUR1.54 billion, up 7% on the year, per data from the annual financial report of the utilities group.
Romania’s Competition Council is looking into an operation whereby supermarket and convenience store chain Profi Rom Food SRL is acquiring ten convenience stores from Pronto Mobile SRL.
The Romanian durable goods market grew 12.5% in 2020 and the beginning of 2021 brought an increase of 25.9% for January-February, compared with the first two months of 2020, per a GfK survey.
Dragos Petrescu, the founder of City Grill restaurant group, has taken over the management of the Romanian Business Leaders (RBL) organization, which brings together over 500 Romanian entrepreneurs, managers and professionals in various fields of activity.
Romania manufactured 117,789 vehicles in the first three months of 2021, data from the country's carmakers association ACAROM showed Wednesday.
Car parts maker Altur Slatina (ALT.RO) wants to carry out a bond issue worth maximum RON10 million and to take a loan of RON3.4 million from one of the company’s shareholders, Adrian Andrici, to pay out overdue taxes to the state budget.18948 items