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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).
Romania registered the second largest decline in house prices in the European Union in the third quarter of 2020, of 2.6%, compared with the second quarter of 2020, after Cyprus (-4.8%) and ahead of Italy (-2.5%) and Croatia (-0.6%), data from Eurostat, the statistical office of the European Union, showed Thursday.
The Board of Directors of TeraPlast SA, the parent-company of the TeraPlast Group, announced Thursday in a stock market the termination of the mandate of non-executive director of Razvan Stefan Lefter, effective January 13, 2021.
Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.
The value of ordered placed online in Romania touched a new record high in December 2020, soaring 99% compared with December 2019.
Bucharest general mayor Nicusor Dan said Thursday the city hall intends to acquire state-owned thermal power producer Electrocentrale Bucuresti (ELCEN), which is the capital city's heat supplier.
As part of Groupe Renault’s Renaulution strategy, Dacia unveiled Thursday its 5-year plan and presented the Bigster Concept, a 4.6 meters SUV.
Only 4.4 million passengers passed through the Otopeni (Henri Coanda) Airport in Bucharest in 2020, compared with almost 15 million in 2019. The decline therefore stood at 70%, reflecting the disastrous impact of the pandemic on the travel industry.
The road transportation industry suffered as a result of the pandemic, as well as due to the new European regulations in 2020. It dropped 13% to 43.6 billion lei compared with 2019, according to ZF estimates based on market data.
NN Pensii, the largest Pillar II pension fund in Romania, bought into Prosus, which owns eMAG, the largest online retailer in Romania, with 127 million lei and invested RON97 million in French payment processor Worldline, as well as RON92 million in Spanish pharmaceutical company Grifola in the third quarter of 2020 (July, August, September), its quarterly report shows.
ThoughtWorks, a global software consultancy company based in the US, announced Thursday it has acquired Gemini Solutions, a software development and consulting services firm whose development center is in Romania.
Romania's annual inflation rate stood at 2.1% in December 2002, the same as in November, and in line with the central bank's forecast, data from the country's statistics board showed Thursday.
The Board of Directors of Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) on Wednesday revoked Adrian Volintiru from the position of Chief Executive Officer of the company.
Pharmaceutical distributor Farmaceutica Remedia Deva (RMAH.RO) said Wednesday in a stock market report that Valentin Norbert Tarus, the company’s CEO and majority shareholder, and SC Tarus Media SRL, a company 51% held by Norbert Tarus and 49% by Ashton Monica Manuela, sold 10.6 million shares (10% of the share capital) on January 12, at RON0.6 per share, within deals worth RON6.4 million, per calculations by Ziarul Financiar.19015 items