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Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, said Wednesday it has started modernization works on an office building located in downtown Bucharest, an investment of EUR4 million.
Agroland Group (AG.RO), the most extensive farming store chain in Romania held by businessman Horia Cardos, reported a net profit of RON10.3 million for 2020, four times higher compared with 2019.
The owner of the Winmarkt shopping centers has budgeted a return to growth this year after the pandemic made 2020 the most difficult year for the group operating in Italy and Romania.
Dobrogea Grup, one of the largest milling and bakery businesses in Romania, has budgeted EUR2 million investments in 2021, after completing a more than EUR1 million investment in an automated frozen pastry production line.
Net investments in the Romanian economy grew a mere 0.1% in 2020 compared with 2019, to RON106.195 billion, preliminary data from the country's statistics board showed Wednesday.
Romania's seasonally adjusted unemployment rate grew to 5.6% in January from 5.2% in December, data from the country's statistics board showed Wednesday.
Asirom, the second largest local insurer in the portfolio of Vienna Insurance Group (VIG), has introduced artificial intelligence in the damage assessment system n the underwriting process for the CASCO car insurance product.
BRK Financial Group (BRK.RO), the only brokerage company listed on the Bucharest Stock Exchange, on March 9 started acting as Market Maker for shares of OMV Petrom (SNP.RO), the largest energy company in South-Eastern Europe.
Alesonor, a real estate development firm held by Greek entrepreneurs, which erected luxury residential project Amber Gardens has obtained the urban planing permit for a EUR110 million residential project in the Tunari area, north of Bucharest.
Demand for real estate valuation and consulting services remained constant during the pandemic, as investors sought to identify changes and new market trends and recalibrate their choices amid uncertainty, real estate consultancy company Cushman & Wakefield Echinox said Tuesday.
The digitization of public services is an indisputable necessity, as it solves citizens' problems quickly and efficiently, especially in the current context of the pandemic, in which social interaction between individuals has become an obvious danger, EY Romania's head tech consulting partner said T
Romanian lender BRD Groupe Société Générale has granted a EUR20 million loan to Ana Hotels group for the renovation of the Athenee Palace Hilton hotel in Bucharest, a historical building in the city center.
Veterinary services provider PawSquad, founded in 2015 by serial entrepreneurs Diwaker Singh and Radu Georgescu, has been acquired by IVC Evidensia, Europe’s leading veterinary care provider based across 12 countries.
Romanian construction materials manufacturer TeraPlast Group (TRP.RO) plans to distribute special dividends totaling RON226.6 million, plus free shares from the profit it registers at the end of March 2021.
Amazon, the world’s largest online retailer, plans to open a new office in Timisoara and two more in Iasi by the end of the year, creating 500 more jobs.
Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported a gross profit of EUR14.2 million for local operations in 2020, from a loss of EUR101.8 million in 2019.
Korean Mumuso brand now has four stores in Romania after having opened a new one in the Park Lake mall in Bucharest. Its other stores are in Auchan Militari, DN1 Value Center and Dambovita Mall, its corporate website says.
The interbank market ended February with cash surplus again and banks that were left with lei on their hands at the end of some days used the overnight deposit facility provided by Romania’s central bank and deposit auctions.
Organic fertilizer producer Norofert Group (NRF.RO) has signed a binding agreement to purchase Agroprod Cev, which operates a 1,000-hectare farm in Teleorman county, southern Romania, in a deal amounting to RON9.5 million (EUR1.95 million).
Dozens of plants – furniture, cosmetics, food or construction supplies factories, have been taken down in the past two decades to make room for DIY stores, hypermarkets, malls and apartment buildings. Manufacturing was relocated, but some plants closed for good.18948 items