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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.
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.19015 items