Medicover Romania, the third largest private medical service providers in the country, has appointed dr. Florinela Cirstina as general manager, replacing Radu Gorduza Lupu.
Romania's Competition Council said Thursday it has fined nine companies active on the agricultural machinery market a total RON127 million (nearly EUR26.5 million) for fixing the sale price of the products branded Claas and Amazone, respectively, between 2014 and 2018.
Romania's seasonally adjusted unemployment rate inched down to 5.1% in November 2020 from 5.3% in October, data from the country's statistics board showed Friday.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the fourth consecutive day, reaching 1.79% per year on Friday (January 8).
The transaction between Czech energy group CEZ and Australia’s Macquarie Infrastructure and Real Assets (MIRA) is now awaiting approval only from Romania’s Supreme Council of National Defense after the EU Antitrust Authority has approved the deal at the beginning of 2021.
Casa Noastra, the manufacturer of QFort windows in Dolj County (southern Romania) has scheduled EUR10 million investments in developing production in 2021.
The Azoitei family (Forty Management – real estate), Stefan Cherciu (Pier Holding – Qfort windows), Cristian Pandel (Christian Tour – travel agencies) and Popic family (RMP Investment) gathered all their businesses under holding companies last year.
NN Group and the pension funds it manages have raised their holding in oil and gas company OMV Petrom (SNP.RO) to 5.03%, Petrom said in a stock market report Thursday.
Romania's fiance ministry on Thursday raised RON800 million lei (EUR164.2 million), versus a RON500 million target, selling bonds maturing in October 2030 at an average yield of 2.97%, central bank data showed.
Romania's fiance ministry on Thursday raised a planned 400 million lei (EUR82.1 million) selling one-year treasury bills at an average yield of 2.14%, central bank data showed.
UniCredit, Group, through the CEE Corporate Finance Advisory team, has advised Credit Agricole, the world’s ten largest bank by assets, on the sale of its Romanian operations to Vista Bank.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the third consecutive day, reaching 1.80% per year on Thursday (January 7).
Sergiu Oprescu, executive president of Alpha Bank Romania, was appointed president of the holding that manages the international network of banks of Alpha Bank Group in Greece.
Romania issued 3,152 housing construction permits for residential buildings in November 2020, 21.5% fewer than in October 2020 and 7.9% fewer than in November 2019, the statistics institute INS said Monday.
The fight for the top spot in grocery retail in Romania was tighter than ever in 2020, with discount store chain Lidl breathing down low-price hypermarket chain Kaufland’s neck, the leader of the market since 2012. Kaufland became market leader seven years after arriving in Romania.
Real estate developer Iulius Group of businessman Iulian Dascalu expects the pandemic to have a sizeable effect on last year’s revenue but says it will go ahead with its development plans.
The prices of old three-room apartments in Bucharest stagnated at EUR98,400 on average in December compared with November, after having gone up EUR100 the previous month, real estate consultant SVN Romania data show.
The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly appointed finance minister Alexandru Nazare.
Investment fund Fondul Proprietatea (FP.RO) has reduced its stake in nuclear power producer Nuclearelectrica (SNN.RO) to 4.99%, below the 5% legal reporting threshold.