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Software and technology company Qualitance and Patria Bank have concluded a partnership aimed at developing digital products for the bank’s clients.
Fixed and mobile communications group Digi (DIGI.RO) held by Oradea businessman Zoltan Teszari, on Monday night announced its most painful business decision ever: the exit from its second most important market and the first it expanded to, Hungary.
Franchised store chain LaDoiPasi, developed by Germany’s METRO Cash&Carry, continues its expansion process, reaching over 1,470 proximity stores across Romania.
Romania currently has 1,000 EV charging stations besides its about 2,000 regular gas stations, ZF has calculated, in an attempt to analyze a very dynamic segment of the market, which is just beginning and lacks a centralized platform to monitor such investments.
Pharmaceutical wholesaler and retailer group Dona, owned by Eugen Banciu, had a consolidated turnover of RON1.48 billion in 2020, up 9% on the year.
Romanian vacuum cleaner and home appliances manufacturer Electroarges, which has a production unit in Curtea de Arges, will invest EUR11.4 million to expand production.
The top 20 pharmaceutical companies by volume include just eight local producers which together produced 36.7% of the medicines that reached Romanian patients in 2020.
Star Residence Invest (REIT.RO), the first Real Estate Investment Trust listed on the Bucharest capital market, said in a market report Tuesday closed-ended investment fund STK Emergent has sold 4% of its holding and currently owns a 19.84% stake.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO), recently returned to trading after being suspended since February 2017 following its insolvency, said Tuesday it had a turnover of EUR62 million in the first quarter, up 70% on the year.
In 2020, the average annual number of job vacancies in Romania was 37,700, decreasing by 16,100 compared to the previous year. The average annual job vacancy rate was 0.77%, lower by 0.32 percentage points compared to the previous year, the country’s statistics board INS said Tuesday.
Brasov-based Visual Fan, which produces electronic devices under the brand Allview, on Tuesday said its turnover exceeded EUR82.75 million (RON404.61 million) in 2020, the highest level in the company’s 19-year business activity.
Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announces investments of EUR200 million by the end of 2021, in the construction of 300,000 square meters of warehouses in logistics parks in the cities and towns of Bucharest, Timisoara, Turda, Sibiu and Pitesti.
The Bucharest Stock Exchange (BVB) and equity crowdfunding-type platform SeedBlink signed a memorandum of understanding aimed at supporting the development of the Romanian business environment through diversifying the sources of financing and facilitating the access to financial capital for the companies.
Romania's general consolidated budget posted a deficit of RON12.76 billion in January-February 2021, or 1.14% of the gross domestic product (GDP), finance ministry data showed Tuesday.
Seed producer Agrosel in Campia Turzii, Cluj County, ended 2020 with RON44.7 million revenue, an increase of 20.3% year-on-year, the company officials say. They expect growth this year, as well.
Most major lenders in Romania posted lower profits in 2020 compared with 2019 due to the effects of the coronavirus crisis, which required them to set aside higher provisions.
Coal was used to generate 16.5% of Romania’s energy last year, which is unprecedented since the major thermoelectric plants in Oltenia used to account for more than 20% of the country’s energy mix.
Razvan Stefan Lefter, member of the board of directors of Sphera Franchise Group (SFG.RO), has bought 11,000 company shares for a total of RON168,300, the company said in a market report Monday.
Corporate bonds totaling EUR40 million issued by Agricover Holding, one of the largest players in Romanian agribusiness, will start trading on the regulated market of the Bucharest Stock Exchange Wednesday, March 31.
Investment fund Evergent Investments, formerly known as SIF Moldova, changes its ticker symbol on the Bucharest Stock Exchange from SIF2 to EVER, starting with March 29, 2021.18948 items