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Romanian seamless steel pipes manufacturer Tenaris Silcotub has completed the certification process for its new production line intended for the automotive industry.
Romania has lowered its economic growth projection for 2021 to 4.3%, from a previous forecast of 4.5%, according to a forecast of the National Strategy and Prognosis Commission.
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, plunged to 1.59% a year on Monday (Jan 18), after the country's central bank lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Jan 18, 2021.
Real estate consulting firm Cushman & Wakefield Echinox was appointed to provide property management services for the Floreasca Park office space project located in the Floreasca – Barbu Vacarescu area in northern Bucharest, the biggest business hub in capital Bucharest.
Turkish-owned real estate developer Opus Land will invest EUR29 million in the Cosmopolis project in 2021, approximately one third more than the investment carried out in 2020, according to SVN Romania, real estate consultant and the project agent.
The new year started with big orders of farm inputs, the budget scenario is optimistic, and growth should reach 20% in 2021, say the officials of integrated agricultural group Rodbun, whose operations include farm input wholesale and grain trade.
Retailer Pepco, the leader of the fashion retail market in Romania by sales, ended 2020 with a sales growth of 4%, mostly because of expansion.
OMV Petrom, the largest energy company in Southeastern Europe, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The first drilling operations started at the end of December 2020 and the drilling of the second well will start at the beginning of 2021. The investment for this campaign amount to nearly EUR32 million.
Danone, Albalact, FrieslandCampina, Covalact and Fabrica de Lapte Brasov (Olympus) are the top five actors on the yogurt and sour milk product market in Romania, which Euromonitor puts at more than 1 billion lei.
Romania’s central bank on Friday (Jan 15) surprisingly lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Monday (January 18, 2021).
Romanian property restitution fund Fondul Proprietatea (FP.RO) ended 2020 with a loss of RON103 million and total assets of RON10.3 billion, down 8.6% compared with the end of 2019, per calculations by Ziarul Financiar (ZF) based on data from the NAV (Net Asset Value) monthly report published on the stock market.
The European Commission said in a press statement on Friday that it approved an investment of over EUR222 million from the Cohesion Fund to upgrade and install drinking water and wastewater infrastructures in the Ilfov County in Romania.
Real estate developer Impact Developer & Contractor will invest EUR690,000 to build a kindergarten in the Boreal Plus residential project it is developing in northern Constanta.
Sales of used cars stood at 880,000 units in Romania last year, 380,000 of which imported as such and 500,000 sold and bought on the local market.
Food ordering and delivery platform foodpanda is launching pandamart, its own retail concept where users can order groceries and other essential items with 30-minute delivery.
Metal roofing tile manufacturer Blachotrapez, held by the Polish group by the same name, plans to build a new metal roof tile production facility in Baia Mare. It already has a plant in the same city and one in Ploiesti.
Spain’s fashion group Inditex, which operates via eight brands in Romania, has closed the Bershka and Pull & Bear stores on the ground floor of the Unirea Shopping Center in downtown Bucharest due to low foot traffic, ZF has found.
Mihai Marcu, Chief Executive Officer and majority shareholder of private medical services provider MedLife, sold a total 300,000 shares in the company on January 11, 2021, within a transaction worth RON3.4 million, according to calculations by Ziarul Financiar, based on a report published Thursday on the stock market.
Shareholders of Romanian property restitution fund Fondul Proprietatea (FP.RO) on Thursday approved the extension of the duration of the Fund until December 31, 2031.
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report that its total hydrocarbon production stood at 140,200 boe/day in the fourth quarter of 2020, lower by 7.6% compared with the same period in 2019, per calculations by Ziarul Financiar (ZF).18948 items