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Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Friday.
International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative outlook and Viability Rating (VR) at 'bb-', per data on the agency’s website.
Agroland Business System, a company that owns the most extended chain of farming product stores in Romania, held by businessman Horia Cardos, has summoned the extraordinary general meeting of shareholders to approve the transformation of Agroland Agribusiness from a limited liability company into a joint-stock company, per a stock market report.
Norway’s VARD Group, one of the major global designers and shipbuilders of specialized vessels, will integrate the shipyards in Braila and Tulcea into a single administrative entity, starting June 30, 2021.
Romania’s private medical services market reported an increase of 18% in turnover on the year to nearly RON14 billion in 2019, and a surge of nearly 330% compared with 2010, per a Keysfin survey.
Retailer Profi, held by investment fund Mid Europa Partners, opened Thursday in western city of Timisoara, the first two pilot stores called ProfiGo, which combine the functionalities of a proximity store with those of a convenience store.
Romania's finance ministry on Thursday raised 936 million lei (EUR192 million), versus its RON200 million target, selling a new issue of treasury bonds maturing in August 2026 at an average yield of 0.65%, central bank data showed.
Romania's finance ministry on Wednesday raised EUR936 million from the local market, versus its EUR200 million target, selling a new issue of treasury bonds maturing in August 2026 at an average yield of 0.65%, central bank data showed.
Romania's finance ministry on Thursday raised 309.7 million lei (EUR63.5 million) selling treasury bonds maturing in December 2023 at an average yield of 0.09%, central bank data showed.
Romania's finance ministry on Wednesday raised EUR309.7 million from the local market selling treasury bonds maturing in December 2023 at an average yield of 0.09%, central bank data showed.
Romania’s insurance market reached a volume of underwritten gross premiums of RON11.5 billion in 2020, up 5% compared with 2019, according to Romania’s Financial Supervisory Authority (ASF).
MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, seeks to buy two plots of land located in Bucharest for EUR1.35 million.
Romania's gross domestic product is forecast to grow by 3.8% in real terms in 2021 and by 4% in 2022, the European Commission said in its Winter 2021 Economic Forecast released Thursday.
The Mumuso fashion brand, present in over 3,500 stores in 30 countries, is opening its fourth mono-brand store in Romania in the ParkLake shopping center in Bucharest, owned by Sonae Sierra, a transaction brokered by real estate consulting company Cushman & Wakefield Echinox.
Young job seekers have become more active in the past year but less inclined to experiment with jobs that lack employment stability, recruitment website eJobs metrics showed.
Parcel delivery company Cargus posted growth of 20% in sales volume last year. Its investments in a warehouse, logistics and IT&C upgrades reached EUR11 million.
Hidroconstructia, one of the largest builders in Romania, ended 2020 with about EUR100 million revenue and has more than 70 contracts in progress in Romania and abroad.
French-held Saint-Gobain and Ireland’s CRH are among those in talks with Romanian entrepreneur Daniel Guzu over the acquisition of construction material manufacturer Duraziv, ZF has found.
The average net salary in Romania grew 6.1% in nominal terms and 5.7% in real terms in December 2020 compared with November, to 3,620 lei (around $900 EUR743), mainly due to end of year and holiday bonuses, data from the country's statistics board showed Thursday.
Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61 billion, per the 2021 state budget draft put up for public debate.18948 items