Found 19438 news
Ana Hotels has started a EUR25 million investment in the capital renovation of the Athenee Palace Hilton hotel in Bucharest, a historical building in the city center.
Logistics and semiindustrial space developer VGP has bought land for the VGP Park Bucharest project in the north of the city.
The supply of houses is preparing for an increase, the high number of land deals lately shows.
OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON22 million in 2020, lower than in 2019 due to increased risk costs amid the Covid-19 pandemic.
MedLife (M.RO), the leader of the private medical services market in Romania, said Friday it has completed the acquisition of the Veridia Medical Center in Bucharest, known as Basarab Medical Center.
The Romanian printer market increased by more than 36% in volume last year, driven by the surge in demand for home printers, following the shift to working from home.
Gherla (Cluj County) based furniture manufacturer Sortilemn posted RON154 million (EUR32 million) revenue in 2020, 6% lower than in 2019, largely due to the decline in orders during the lockdown, the company said.
Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported a consolidated net profit of RON388 million for 2020, 87.5% higher compared with 2019.
Romanian lawmakers have rejected a bill that sought to cap interest rates on mortgage and consumer loans to at most 50% above the central bank benchmark rate.
Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.
Restaurant group Sphera Franchise group, which holds the KFC, Pizza Hut and Taco Bell franchises in Romania, and is developing the KFC brand in the Republic of Moldova and Italy, saw its online orders rise during the pandemic. The sales channel gained ground in 2020 and accounted for a greater share of the business.
Romania's finance ministry on Thursday raised 461 million lei (EUR94.5 million), above its RON400 million target, selling bonds maturing in June 2023 at an average yield of 2.24% a year, central bank data showed.
Poland's Citronex group will build greenhouses to grow tomatoes in Targu Jiu, southwestern Romania, on a surface of 50 hectares, local authorities said.
Nordis Group, a local real estate developer specialized on luxury properties, announced it is investing EUR31 million in a mixed-use project totaling 14,000 square meters in Brasov, central Romania.
Prima Development Group, a real estate developer based in Oradea, announced Thursday it has completed Boemia Apartments in Bucharest, a boutique-style residential project, following an investment of EUR8.5 million.
Romanian regional investment fund Evergent Investments (formerly SIF Moldova) seeks to buy back approximately 8.3 million of its own shares at a price of RON1.6 per share, it said in a market report Thursday.
Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announced Thursday it is planning a share issue and listing on the Euronext stock exchange in Amsterdam.
Austrian real estate developer CA Immo has extended the lease contract for Sony offices in Bucharest Business Park for a five-year period, being one of the longest lease contracts targeting the office project located in north-western Bucharest, in the vicinity of the Piata Presei (Free Press Square).
The United States Department of Commerce has lowered an anti-dumping tariff on aluminum sheets made by Romania's Alro SA (ALR.RO) from nearly 84% to 37.26%, the company said in a statement Thursday.19438 items