Found 19015 news
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.
Dutch property management group MVGM, which acquired JLL’s European property management business in ten European countries, said Monday it was adding NorthLight Residence in Bucharest to its management portfolio.
Arad-based real estate developer Wallberg, controlled by entrepreneur Valentin Morar, has completed the first 134 apartments of the XCity Towers project located in Timisoara (western Romania) and is continuing works on other 148 housing units.
Vegetable oil producer Argus Constanta (UARG.RO) ended 2020 with a net profit of RON1.96 million, down 59.3% on the year, and a turnover of RON168 million, down 17.2% on the year, per calculations by Ziarul Financiar based on data from the company’s annual report.
German-held windows solutions producer Rehau Romania will invest approximately EUR10 million in Sibiu County, in the construction of a regional hub, in line with its development plans.
MedLife Medical System on Monday announced the acquisition of the majority stake of 60% in Medica Sibiu, one of the important providers of private medical services in Sibiu County, with a turnover of RON3.7 million in 2020. With this acquisition, MedLife is consolidating its largest network of private medical units with national coverage.
Over 24,000 housing units are currently under construction in capital Bucharest and its surroundings, of which up to 20,000 could be delivered in 2021, depending on whether real estate developers will maintain their current development rates, per estimations of the “Residential Market Genome 2021” market report by real estate consulting firm SVN Romania.
Office buildings, industrial parks and shopping centers worth EUR600 million could be subject to deals in Romania in the next six months, as the COVID-19 vaccination campaign has a positive impact on the perception of foreign investors.
Romania could see more than EUR2 billion investments in 1.4 GW of wind farms in the next five years, with the major companies in the green energy sector already seeking permits from grid company Transelectrica.
Brasov-based Visual Fan, a company that sells various gadgets such as tablets and cell phones under the Allview brand, is getting ready for a listing on the Bucharest Stock Exchange via a private placement.
Germany’s B Braun, which is conducting one of the largest investments in Romania, in an irrigation solutions plant in Sanandrei near Timisoara, has applied for a EUR12.4 million state aid for the actual construction of the plant, the final phase of the project.
The Executive Board of the Bucharest Stock Exchange (BVB.RO), which operates the Romanian capital market, has summoned its shareholders on April 20, 2021 to present, discuss and approve the financial statements, respectively to approve a proposition to remunerate shareholders.
Low-cost airline Blue Air will be introducing 20 new routes from Bucharest, 15 new routes from Cluj, two new routes from Bacau and three new routes from its base in Turin (Italy) in its 2021 summer schedule (March 28- October 30, 2021), offering a 35% discount for all flights to the new routes.
Dental clinic chain Dent Estet, controlled by private medical services operator MedLife, ended 2020 with a turnover of RON67 million, up 5% versus 2019, thus, keeping the position of leader on the local dental services market.19015 items