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Romania’s new government led by Prime Minister Florin Citu said it would discuss this week increasing the minimum gross wage to RON2,300 (around EUR471) in 2021, from RON2,230 (around EUR457) currently, which means an increase of RON70 (EUR14.3).
French-held Carrefour group will end the year with 368 brick and mortar stores under various formats in Romania, in addition to the online store and Carrefour’s presence on the Bringo platform in 36 cities.
Private lending in Romania grew 0.7% in nominal terms and 0.5% in real terms in November 2020 compared with October, to RON281 billion, central bank data showed Monday.
The year 2020 was a really good year, given the 220% rise in revenue compared with 2019, despite the challenges of the COVID-19 pandemic and the drought, says Adrian Cocan, chief executive officer of Agroserv Mariuta, the company behind the Laptaria cu Caimac dairy brand.
MedLife Group, the leader of the private medical services market in Romania, announced Thursday it has acquired 100% in CED Pharma group of companies.
Retailer Mega Image will end the year with another sound growth of its sales, but CEO Mircea Moga says this year, marked by the COVID-19 pandemic, was a year of change and challenges.
End of a decade. The crisis caused by the COVID-19 pandemic not only marks 2020, but also leaves its mark on the entire decade that is ending, as well as on the first few years of the coming decade.
Romania exported services worth a total EUR7.4 billion in 2019, of which EUR1.5 billion represented exports of IT services.
Packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast, said Thursday in a stock market announcement that the intermediary IFB Finwest had notified the company regarding the subscription of shares for the share capital increase.
Construction material producer TeraPlast Group (TRP.RO) has received the financing agreement for the state aid project submitted in November by TeraPlast Folii Biodegradabile SRL, its biodegradable packaging manufacturing subsidiary.
Romania's new government led by liberal prime minister Florin Citu gained a vote of confidence in Parliament Wednesday.
Romania's government will start selling three new bond issues for the general population starting January 4, 2021, the finance ministry announced Wednesday.
Romanian hydropower producer Hidroelectrica has signed a deal with Germany energy group STEAG to acquire the Crucea wind farm in Constanta county, southeast Romania.
Romania's finance ministry on Wednesday raised 984.5 million lei (EUR202 million), versus its RON700 million target, selling bonds maturing in October 2023 at an average yield of 2.54%, central bank data showed.
The European Fund for Southeast Europe (EFSE) has lent EUR2 million to Vitas IFN to enable it to extend its financing capacity for micro-enterprises and small- and medium-sized enterprises (SMEs) which have difficulty in contracting loans in the context of an unfavorable economic conditions generated by the sanitary crisis.
Romania's Competition Council said Wednesday it was analyzing the deal whereby Romanian Business Consult (RBC), the largest integrator of IT solutions for the food and retail industry, plans to acquire Ropeco Bucuresti, a company specialized in the sale of IT solutions and equipment.
Businessman Omer Susli, the owner of home décor stores Homelux, has bought four buildings located in Barlad (two buildings), Tulcea and Drobeta Turnu Severin, from American-held investment fund Portico Investments Romania, in December 2020.
French-held retailer Auchan has announced the implementation of the Auchan Drive service whereby customers can pick up the orders placed and paid online via the application or the online store, from the parking lot of the nearest Auchan hypermarket.
Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an average of RON4.9906 to the euro over the next 12 months, the country’s economy to shrink 4.4% and the unemployment rate to reach 6.5% at the end of 2020.
Seven of the modern grocery retail chains in Romania have opened new stores in 2020, despite the COVID-19 pandemic. In all, 421 new hypermarkets, supermarkets, modern convenience and discount stores were inaugurated, making 2020 the second best year for expansion after 2019.18948 items