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The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON77.1 billion in February, RON470 million less than in February, breaking a 10-month growth streak, financial regulator data showed Tuesday.
French retail groups Auchan and Decathlon will be testing their shop in shop concept in Romania, as Decathlon will sell some of its products in dedicated areas within Auchan hypermarkets.
Steel mill Liberty Galati said Tuesday it has the funds to cover the plant's current needs although the insolvency of investment fund Greensill, the main lender to its parent group, was “challenging”.
Romania's central bank has revised its inflation forecast for the end of 2021 to 3.4% from a previous projection of 2.5%, it said in its March Inflation Report released Tuesday.
Groupama Asigurari on Tuesday said it registered a total volume of gross underwritten premiums of over RON1 billion in 2020, down 2.3% on the year.
Romania's current account balance posted a deficit of EUR239 million in January, compared with a deficit of EUR377 million in January 2020, central bank data showed Tuesday.
Romanian real estate developers and German retailers, such as Kaufland and Lidl, were the most active land buyers in Bucharest – Ilfov area throughout 2020, per the Bucharest Land Marketbeat report drafted by real estate consulting firm Cushman & Wakefield Echinox.
TBI Bank, with main operations in Bulgaria and Romania and banking operations in Germany, Sweden, Denmark and Poland, is extending its presence in the region and entering the Lithuanian market.
Allianz-Ţiriac ended 2020 with total gross underwritings of RON1.32 billion, down 3.7% from 2019, and a 15% higher operating profit, of RON154 million.
A President-branded product of the Lactalis group made in the Sfantu Gheorghe facility in Romania has been exported to 38 countries and export is one of the main goals for the plants the group has in the country, even though it is not significant at the moment.
Oil group MOL, which owns 234 gas stations in Romania, sees the Romanian market as having high growth potential, and 2020 was a good year with 14 new stations opened.
Paver manufacturer Elis Pavaje in Alba County reported a turnover of RON287.3 million in 2020, up 32% from RON217.6 million in 2019.
The fight for the top position in the modern grocery retail in Romania is becoming tighter, and the biggest actors are growing constantly and becoming bigger. The most powerful five groups – Schwarz (Kaufland and Lidl), Carrefour, Profi, Mega Image and Auchan account for 72% of the almost RON70 billion annual sales of the modern retail.
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, plans to distribute dividends totaling RON472 million from its 2020 profit.
Romania's central bank on Monday decided to hold the benchmark interest rate at a record low of 1.25% a year, as inflation spiked above 3% since the beginning of the year on higher energy prices.
New vehicle registrations in Romania declined 18.8% on the year in February, after a 46.6% annual decline in January, data from the the Automotive Manufacturers and Importers Association (APIA) showed Monday.
Romania's finance ministry on Monday raised 300 million lei (EUR61.4 million), as planned, selling treasury bonds maturing in January 2028 at an average yield of 2.84%, central bank data showed.
Real estate developer Oasis Retail Development & Consulting, owned by Klaus Reisenauer and Kurt Wagner, has taken a EUR9 million loan from OTP Bank to build a 60,000-square-meter retail park in the northern part of Sibiu.
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) has summoned its shareholders on April 21 to vote on the allocation of the net profit and setting the dividend, per a stock market report.
Don Pedro company based in Ramnicu Valcea, one of Romania’s leading producers of tissue paper, has doubled its production capacity upon completing an investment program in equipment and machines, for which it benefited from RON31 million financing from EximBank.18948 items