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Alexandrion Group, the largest spirits producer in Romania by turnover, targets major investments in the hospitality industry, by acquiring several hotels in the next five years.
Several construction material manufacturers are investing almost EUR50 million in new precast concrete, thermal insulation panel, brick and polystyrene plants in Romania in 2021.
Romanians took out more than 1.47 billion lei in new mortgage loans in lei in November, the highest level in the past year, with only October 2019 recording a slightly higher figure of RON1.48 billion.
Bogdan Dobre has taken over as the new Chief Executive Officer of Holcim Romania, starting January 1, 2021.
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, declined for the second consecutive day, down to 1.85% on Wednesday (January 6).
The World Bank expects Romania's economy to contract 5% in 2020, followed by a 3.5% growth in 2021 and a 4.1% growth in 2022, according to a note by lender Banca Transilvania.
Alive Capital, supplier of electricity and electrical service provider, announced Tuesday it has successfully closed a private placement for corporate bonds opened on November 23, 2020, raising RON10 million.
ROCA Investments, the private equity division of Impetum Group, has bought a 24% stake in CAHM Europe, a local producer and distributor of hotel cosmetics and accessories, retail products and personal, industrial and medical use disinfectants.
Romania's Competition Council said Tuesday it was analyzing the transaction whereby state-owned hydropower producer Hidroelectrica is acquiring Crucea Wind Farm SA and STEAG Energie Romania SRL from German energy group STEAG.
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, dropped to 1.91% on Tuesday (January 5), compared with 2.01% on Monday (January 4).
This year will bring interesting opportunities on the Romanian mergers and acquisitions market in terms of political change, consumer behavior and entrepreneurs' ability to adapt to the challenges of post-pandemic uncertainty, EY Romania said Tuesday.
After a 1.2% increase in November 2020, housing prices in Romania also had a positive evolution in December 2020. According to Imobiliare.ro index, the average asking prices for housing in Romania grew by 1.5% in December, from EUR1,351 to EUR1,371 per square meter.
Romania’s Prime Minister Florin Citu announced Monday evening that state-owned companies with losses will receive state budget funds only based on restructuring plans.
France’s Credit Agricole group has sold its Romanian operations, Credit Agricole Romania, a small bank, which it has been trying to sell for a while now. The buyer is Vista Bank, formerly Marfin Bank, now owned by the Vardinoyannis family from Greece.
Real estate investor Liviu Tudor has bought the Inscut site in the Preciziei area (west side of Bucharest) in a deal put at some EUR3 million, real estate market sources say.
Romania’s economy will grow in 2021 but will not reach the 2019 level. However, not all sectors will feel it, since sectors like hospitality and food service industry and travel will remain affected, the economic analysts ZF polled say.
Romania's finance ministry on Monday raised 1 billion lei (EUR205.37 million), versus its RON700 million target, selling bonds maturing in November 2024 at an average yield of 2.6%, central bank data showed.
Romania's foreign exchange reserves grew to EUR37.379 billion at the end of December from EUR33.393 billion at the end of November, central bank data showed Monday.
New car registrations in Romania decreased 21.79% in 2020, to 126,351 units, compared with 161,562 units in 2019, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Monday.
Insolvencies, the harshest index for companies after the 2008 economic crisis, reached the lowest level of the past decade, at the end of 2020, with only 5,600 firms filing for insolvency, 10% fewer compared with 2019, according to Ziarul Financiar (ZF).18948 items