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Golden Foods Snacks, which owns the ELMAS brand of seeds, nuts and dehydrated fruits, listed its second issue of corporate bonds on Bucharest Stock Exchange on Tuesday under the ELMAS23 ticker symbol.
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, reported a net profit of EUR3.2 million in 2020 from local operations.
The logistics and industrial sector was the most dynamic real estate segment in 2020, with 72% growth in demand and nearly 784,000 square meters leases, real estate consultancy company Colliers said Tuesday.
Dacia and Ford plants recorded a 10% decline in January on the year-ago month, as the European market remains affected by the pandemic and major countries like Germany are still in lockdown, which means auto trade is sluggish.
Fondul Proprietatea (FP.RO) proposes a dividend of RON0.072 per share from profits left undistributed in 2016 and 2017, after reporting a RON102.9 million net loss for 2020.
Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went up 28.3% in the past decade, Romania’s Financial Supervisory Authority (ASF) data show.
Romanian state-owned natural gas producer Romgaz is currently in talks to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romania's economy minister said Tuesday.
Private lending in Romania grew 0.4% in nominal terms but decreased 0.9% in real terms in January compared with December, to RON283.531 billion, central bank data showed Tuesday.
Foreign markets hold huge growth potential for the Romanian dermo-cosmetics producer Ivatherm, despite the wave of patriotism around the world, especially since 2020.
Most analysts polled by CFA Romania (88%) estimate the leu at an average of 4.97 units to the euro over the next 12 months and see inflation at 2.58% over the same forecast horizon.
Fondul Proprietatea (FP.RO) has sold its entire 7.1% stake in nuclear power producer Nuclearelectrica (SNN.RO) throughout 2020, one of its longest standing investments.
Romanian state-owned hydropower producer Hidroelectrica ended 2020 with a net profit of RON1.45 billion, up 4.8% on the year, according to the annual report of minority shareholder Fondul Proprietatea (FP.RO).
Romanian state-owned gas natural transmission company Transgaz (TGN.RO) ended 2020 with a net profit of RON229.8 million, down 34% on the year, according to calculations by Ziarul Financiar (ZF) based on the company’s preliminary financial report published on the stock market Monday evening.
The global nuclear energy production grew for the seventh consecutive year in 2019, reaching 2,657 TWh, per the World Nuclear Association (WNA). Compared to the previous year, there is an increase of 95 TWh, the second largest nuclear energy production ever, according to Romania's nuclear power producer Nuclearelectrica (SNN.RO).
Romania's finance ministry on Monday rejected all bids at a tender for bonds maturing in January 2028 in which it planned to raise 500 million lei (EUR102.5 million), central bank data showed.
Restart Energy, an independent electricity and natural gas supplier on the local market, seeks to invest approximately $30 million in developing a solar project of 45 megawatts (MW) in Sarmasag locality in Salaj County.
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, Delgaz Grid, plans to invest nearly RON1 billion by 2023, in upgrading local networks, of which RON7.7 million from EU funds.
eMAG, the largest online retailer in Romania, seeks to develop an industrial park in Joita locality (Giurgiu County), where it is building a logistics hub of 130,000 square meters, following an investment of EUR90 million.
Romania manufactured 38,431 passenger cars in January, 10.7% fewer compared with January 2020, data from the country's carmakers association ACAROM showed Monday.
Austrian furniture and home decor retailer XXXLutz has leased 6,000 square meters of storage in the logistical park developed by WDP in Dragomiresti, northwest of Bucharest.18623 items