Found 18948 news
Romania's seasonally adjusted unemployment rate stood at 5.2% in the fourth quarter of 2020, unchanged compared with the third quarter, data from the country's statistics board showed Friday.
Romania’s largest cosmetics manufacturer Farmec Cluj should see growth in the summer, says chief executive officer Mircea Turdean.
Bakery company Lidas in Tulcea County (SE Romania) plans to expand production capacity by adding a new bread factory. The total investment stands at EUR46.8 million, EUR23 million of which state aid, publicly available data show.
City Insurance remained the leader of the insurance sector at the end of 2020 on a market that reached RON11.5 billion gross written premiums, an increase of 4.6% on 2019, a Financial Supervisory Authority (ASF) report shows.
Banca Transilvania (TLV.RO), Romania’s largest lender in Romania by assets, plans to increase its share capital by RON574 million from the 2020 net profit and thus, to grant one free share for ten shares owned, per calculations by Ziarul Financiar (ZF) based on the summoning note published Thursday by the Bucharest Stock Exchange.
Premier Restaurants, the company operating the McDonald’s franchise in Romania, will be opening a drive-thru restaurant in Zalau (Salaj Cunty), in September 2021, per a press release by Zalau municipality.
SAI Patria Asset Management is going to replace SAI Tradeville Asset Management as a manager of open-end investment fund ETF BET Tradeville.
Romania's finance ministry on Thursday raised 420 million lei (EUR86 million), selling bonds maturing in October 2027 at an average yield of 2.81%, central bank data showed.
Huawei Romania want to employ over 200 people in 2021 for various IT&C positions at its headquarters and services centers in Romania, of whom approximately 20% will be from the new generation of graduates in the field.
Jewelry store chain Teilor has contracted two loans from Raiffeisen Bank, of one of EUR1.6 million for working capital and one of RON5 million for investments.
The modern industrial space stock exceeded the threshold of 5 million square meters in 2020 and is expected to reach approximately 5.5 million sqm in 2021, with over 60% of the area under construction being pre-leased already, per Romania Industrial Destinations research report released by real estate consulting firm CBRE.
Romanian investment fund Black Sea Fund, which targets SMEs, said Thursday it seeks to invest EUR15-20 million this year in three or four deals, two of which are currently in advanced talks.
The combined value of Romania’s top 50 brands declined 3.7% in 2020, to EUR5.6 billion, amid global uncertainty caused by pandemic, but was almost 50% higher than in 2017, when the first Brand Finance Romania ranking was published.
Romanian state-owned power grid operator Transelectrica (TEL.RO) proposes dividends totaling nearly RON60 million subject to shareholder approval in a general meeting on April 27.
Agroland Group (AG.RO), the most extensive farming store chain in Romania held by businessman Horia Cardos, has opened two new MEGA stores in Craiova and Sfantu Gheorghe in March, in a total investment of EUR400,000.
Insurance companies operating on the Romanian market reported total underwritings of RON11.5 billion in 2020, up 4.6% compared with 2019, the country's financial regulator said in a report Thursday.
Nearly 70% of analysts polled by CFA Romania expect Romania's inflation rate to grow to an average of 3.29% over the next 12 months, and over 87% estimate the leu will depreciate against the euro, to an average of 4.97 units over the same horizon.
Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of Bucharest to Zeus International Group, one of Europe’s fastest growing hotel management firms.
PVC and aluminum window and door manufacturer Optimedia has become one of the largest 500 exporters in Romania based on 2020 data. It ranks 498th, according to preliminary data the National Statistics Institute supplied to ZF.
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, believes the fashion market will follow the same trend in 2021 as it did in the second half of last year, with lower sales than the time before the pandemic. A slight rebound in consumer spending might show as late as the spring of 2022.18948 items