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Sales of networking equipment doubled in volume in Romania last year, as a result of work from home and learn from home trends, due to the restrictions imposed to contain the spread of the coronavirus, the officials of Chinese-held TP-Link company, one of the largest networking products businesses in the world, said.
In a year when the pandemic ravaged Romania’s economy, construction material manufacturers posted growth, as the industry was one of the few that kept working almost as usual in 2020.
Energia Mileniului III, a company equally owned by Germany’s Max Boegl International and BTG Wide Consulting, will resume construction of a 99 MW wind farm in Tulcea, having recently received a new permit from grid company Transelectrica based on a 2012 connection agreement.
MedLife Medical System on Wednesday announced the completion of the transaction for the acquisition of the majority stake of 60% in Medica Sibiu, one of the important providers of private medical services in Sibiu County.
Romania’s finance ministry on Wednesday borrowed EUR3.5 billion on external markets with the first Eurobond issue of 2021, which is the country’s biggest borrowing on external markets to date.
Enel X Romania, part of Enel X, the division of advanced energy services of Enel Group, is going to install 25 fast recharging stations for electric vehicles within several shopping centers in Romania, which are included in the portfolio of NEPI Rockcastle, the largest real estate investor in the retail real estate sector in Romania.
Romania's finance ministry on Wednesday taps external markets for the first time this year, selling euro-denominated bonds with 12 and 20-year maturities.
Demand for housing will remain strong in Bucharest, especially for the segments positioned at the extremes of the market spectrum (low-end and high-end), an analysis by real estate consultancy company JLL showed Wednesday.
The number of real estate deals in Romania stood at 62,891 in March, 12,744 more than in February, data from the national cadaster agency ANCPI showed Wednesday.
The Bucharest Stock Exchange and the Employers’ Association of the Software and Services Industry (ANIS) signed a memorandum of understanding Wednesday to promote financing opportunities on the capital markets to the local IT industry.
Dedeman, the largest Romanian entrepreneurial business and biggest local DIY chain, opens its 55th store in the country Friday, April 9, in Sfantu Gheorghe, in the proximity of the recently opened Sepsi Value Center developed by Prime Kapital.
The ongoing health crisis is reshaping companies' approach to streamlining costs giving rise to a subletting trend on the local office market, an analysis by real estate consultancy company JLL showed Wednesday.
Romania’s third largest winemaker Cotnari posted almost RON143 million revenue in 2020, about the same as in 2019 but the net profit shrank 20% to RON3.5 million, financial analysis platform Confidas data show.
Telecom group Digi Communications (DIGI.RO) proposes a gross dividend per share of RON0.75 from its 2020 profit, subject to shareholder approval on May 18.
The impact of the pandemic on the food service business is really hard to gauge at the moment, says Calin Ionescu, chief executive officer of Sphera Franchise Group, one of the leading actors on the restaurant market.
The International Monetary Fund (IMF) on Tuesday revised upwards its forecast on Romania’s economic growth to 6% in 2021, from a previous projection of 4.6% in its October 2020 report.
Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an announcement Tuesday.
Almost three quarters (73%) of the business leaders who responded to a survey said their business had been affected by the health crisis, but that the effect had not been quite as severe as they anticipated in March 2020. At that time, 99% of companies expected a negative impact, according to PwC’s Global Crisis Survey 2021.
French construction material manufacturer Saint-Gobain said Tuesday it will invest EUR45 million in a second plasterboard production line at its factory in Turda, northern Romania.18948 items