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Telecom operator Vodafone Romania on Wednesday reported total services revenue of EUR193 million for the fourth quarter of 2020, down 2.1% compared with the same period the year before.
Romanian alumina producer Alum Tulcea (BBGA.RO), owned by Alro Slatina, has completed an investment of $3.67 million that modernizes and increases the performance and filtration capacity of its production plant.
New consumer and mortgage loans in lei and euros consumers took from banks fell by some RON2.7 billion or 7% from the 2019 level to RON34.3 billion in 2020. Last year was the first of decline for new retail loans in eight years, Romania’s central bank data show.
Romanian banks may register an estimated drop in revenues of around RON58 billion by 2025, compared with revenues expected had the pandemic never happened, due to risk costs and decreased volumes, according to the latest research by McKinsey&Company.
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Tuesday published its dividend policy in view of shareholders' approval on January 28 and seeks to distribute 85% of its net profit as dividends for the period 2020-2022.
Cargo transporter International Alexander Holding (IAH), founded in 2003 by Simion Apreutese and based in Arad, received antitrust clearance Tuesday to acquire Vio Transgrup based in Dambovita county from businessman Viorel Angelescu.
The Bucharest National Airport Company (CNAB), which manages Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, has a new Board of Directors and a new General Manager, Cosmin-Catalin Pestesan, starting January 2021.
Danish group Premium Porc, the second largest pork producer in Romania with ten local farms, seeks to buy five pig farms from Danbred, a group of firms with Romanian and Danish shareholders.
The Romanian real estate market continues to lure investors and the mix between the limited supply and the demand better than the initial estimates could trigger unexpected price changes, according to Gijs Klomp, Head of Investment Properties within real estate consulting firm CBRE Romania.
Monica Hodor, a former networks development director within the global infrastructure and networks division of Enel Group, took over in early February 2021 the position of general manager of E-Distributie companies in Romania, responsible for managing the electricity distribution networks in the regions of Banat, Dobrogea and Muntenia Sud.
The planned stock market listing of low-cost airline Blue Air could be postponed by one year, considering a reduced passenger traffic, against the backdrop of new travel bans imposed in European countries, Ziarul Financiar reported Tuesday.
Romania’s largest automaker, Automobile Dacia, has extended its lease of the 69,000 square meters warehouse in Pitesti Industrial Park by ten more years.
Private equity firm Morphosis Capital hopes to close two or three new deals in 2021, having allocated the same budget as last year, EUR10 million to EUR20 million.
UiPath, a start-up founded in Romania, that is currently one of the global leaders of the robotics software industry, announced on Monday that it closed a new Series F funding, worth $750 million, that hikes its post-money valuation to $35 billion.
The delivery market in Romania will continue its upward trend and overshoot the EUR1 billion mark in 2021 after having gone up four or five times in value last year. The growth speed will be slower, only 40% to 50% this year.
New vehicle registrations in Romania, including passenger cars and commercial vehicles, stood at 7,625 units in January, down 46.8% compared with January 2020, the Automotive Manufacturers and Importers Association (APIA) said Monday.
Shareholders of state-owned hydropower producer Hidroelectrica on Monday approved the company's acquisition of Crucea Wind Farm SA and STEAG Energie Romania SRL from German energy group STEAG.
Romanian chemical fertilizer producer Azomures, owned by Ameropa, has started an energy efficiency investment supported by a EUR601,000 grant from Iceland, Liechtenstein and Norway, through EEA GRANT Norway 2014-2021, within the Innovation Norway program.
Serban Roman, vice-president of Enterprise Investors and country director for Romania, is leaving the investment fund after 13 years.
Romania's finance ministry on Monday raised 1.022 billion lei (EUR209.7 million) selling bonds maturing in November 2024 at an average yield of 2.06%, central bank data showed.18948 items