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Agroland Agribusiness, part of Horia Cardos' Agroland Group, will change its status from a limited liability company to a joint-stock company, group shareholders decided Thursday.
Asirom VIG on Thursday said it registered revenue from gross underwritten premiums of RON633 million in 2020, up 16% on the year.
The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared with the end of 2019, financial regulator data showed Thursday.
The real estate investment market has become a more and more attractive alternative for Romanian entrepreneurs who are interested in diversifying the instruments whereby they can place the capital obtained from other businesses.
Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates before the Covid-19 pandemic, of approximately 250,000 sqm, because the pandemic triggered delays in construction and lease activities and prompted companies to have a more cautious approach, per a Colliers report on the market evolution in 2020.
Cargo transporter Transport Trade Services (TTS) is preparing for stock market listing, through an initial public offering (IPO), according to Ziarul Financiar (ZF).
Online retailer eMAG reached total investments of nearly EUR155 million in Joita locality, Giurgiu County, along with its project that targets the construction of a logistic hub of 130,000 sqm designed to host some 1,000 companies that sell via the retailer’s marketplace, part of an industrial park of 290.000 sqm, said Alexandru Niculescu, vice president operations at eMAG.
OMV Petrom (SNP.RO), the biggest energy company in South-Eastern Europe and the biggest issuer on the Bucharest capital market by value, has summoned shareholders on April 27 to approve the distribution of dividends from the company's 2020 profit.
Romania's finance ministry on Wednesday raised EUR230 million, above its EUR200 million target, selling bonds maturing in August 2026 on the local market, central bank data showed.
Star Residence Invest shares will debut to trading, thus, the company will be the first Romanian REIT (Real Estate Investment Trust) to be listed on the AeRO market within BVB's Multilateral Trading System (MTS). Star Residence Invest shares will be traded under the ticker REIT (ISIN - RON95JJEDCB1), the Bucharest Stock Exchange said in a statement.
The Romanian factoring market reached EUR5 billion in 2020, stable compared with 2019, the Romanian Factoring Association (ARF) said Wednesday.
Lender Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, reported a a net profit of RON644 million for 2020, 17% lower than in 2019, under the impact of the pandemic and a conservative loan provisioning policy.
BRD Soc Gen, the third largest lender in Romania, after Banca Transilvania and Banca Comerciala Romana (BCR), has summoned its shareholders to discuss, among others, a proposition to distribute the net profit for 2020.
Romania's public debt reached RON503.6 billion at the end of January 2021, accounting for 47.8% of the gross domestic product (GDP), and exceeding for the first time the RON500 billion threshold, finance ministry data showed Wednesday.
New car registrations in Romania fell by 39.5% in January-February 2021, to 12,901 units, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.
Germany’s Metro no longer wants to open own stores, but is set to rather expand the franchised LaDoiPasi store chain. Currently, the store chain consists of over 1,400 units.
Cargo and logistics company International Alexander based in Arad and founded in 2003 by entrepreneur Simion Apreutese, has acquired the operations in the Czech Republic and Romania of Brandl, a German family business founded in 1970, which has been supplying car parts to Mercedes, BMW, Audi, Volkswagen, Porsche, Lamborghini for 50 years, and most recently to Romanian carmaker Dacia.
The Bucharest capital market, promoted to emerging market status in September last year by FTSE Russell, hit an all-time high on Tuesday as its main index, BET, broke the previous record of 10,813 points, untouched since July 24, 2007, and closed at 10,844 points.
European fashion platform Zalando plans to expand to Romania and Hungary in 2022, after tapping new markets in Croatia, Estonia, Latvia, Lithuania, Slovakia and Slovenia in 2021.
Investment fund Oresa has completed the acquisition of the Solo Iasi industrial and logistics park from tester group, owned by Bogdan Pitigoi, marking the fund's entry on the local real estate market.18948 items