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An initial public offering of a minority stake in Romanian state-owned hydropower producer Hidroelectrica could take place towards the end of 2021 in the best case scenario, company CEO Bogdan Badea said Monday.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, fell to 1.58% a year on Monday (Jan 25), the lowest level since September 29, 2017, per central bank’s aggregate data.
Vodafone announced Monday an investment of €20 million by the Vodafone Foundation to expand digital skills and education programs by funding local initiatives in Albania, Czech Republic, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Portugal, Romania, Spain, Turkey, a
Agricover Holding, an agribusiness held by Jabbar Kanani, has received shareholders’ approval to issue 800 bonds with a nominal value either of EUR50,000 or of RON250,000, depending on the denomination decided on by the company’s Board of Directors.
Cluj-based importer and distributor of electronic products and accessories Vitacom Electronics registered a turnover of RON50 million in 2020 Vitacom Electronics, a quarter of which from online sales, and estimates 10% growth for 2021.
French retail group Carrefour, the second largest player on the Romanian market by turnover, has appointed Alina Gamauf as human resources manager.
NEPI Rockcastle, the biggest mall owner in Romania, has started work on expanding the Promenada mall and on the office building to be integrated into the shopping center in the north of Bucharest. NEPI had been previously granted the permit to start work on the basement of the project in 2019.
Alina Marulis, a Bucharest entrepreneur with 16 years of construction experience, is investing EUR10 million in a boutique project consisting of 12 villas located in the Baneasa forest area in northern Bucharest.
Local coffee shop chain Captain Bean expanded in full gear last year, amid the pandemic, when its franchisees opened ten coffee shops. The network therefore ended 2020 with 17 coffee shops, and there is still room for development, Captain Bean owner Ruben Filimon says.
Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of the pandemic, stock declines in spring and uncertain economic climate, an official of the the Romanian association for private pensions APAPR said Monday.
Romania had the lowest government support package to fight the effects of the coronavirus pandemic in Central and Eastern Europe, of just 4% of GDP, a report by ratings agency Moody’s showed.
Paint and coatings manufacturer Köber is investing EUR5 million in manufacturing and logistics space in 2021.
Otopeni, Cluj-Napoca, Timisoara, Iasi and Sibiu, Romania’s five largest airports saw an up to 70% decline in passenger traffic last year compared with 2019, the data the airport officials supplied show. Timisoara recorded the worst decline, more than 70.5%, while Iasi only 64.4% decline.
Real estate developers bought some EUR300 million worth of land in 2020 to build homes and residential projects, real estate consultant Colliers Romania says. However, they either did not buy land for office space projects or postponed such plans.
Danish pharmaceutical group Novo Nordisk, the leading insulin and diabetes medications globally, has appointed Cristina Popescu as its new corporate affairs director for Romania starting January 2021.
Brasov-based real estate developer Qualis Properties has raised RON10.2 million in a private placement of bonds maturing in 2024 and an annual interest of 9%, brokered by BRK Financial Group (BRK).
Oil group Shell, which had sold all its Romanian assets in 2007, is returning to Romania, where it will carry out commercial road transport activities, according to company representatives.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, inched up to 1.60% a year on Friday (Jan 22), after stagnating at 1.59% a year over the last four days.
Two in three Romanians (67%) use different kinds of banking products and services, such as current accounts, cards, loans, deposits and make payments, per a survey regarding Romanians’ perception of the digitalization of the banking system, conducted in December 2020.
Swedish developer Vastint that built the Business Garden Bucharest office buildings on Calea Plevnei in Bucharest and is working on the Timpuri Noi Square in the same city plans to start construction of the second phase of the latter in the second half of the year.18948 items