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The prices of old three-room apartments in Bucharest stagnated at EUR98,400 on average in December compared with November, after having gone up EUR100 the previous month, real estate consultant SVN Romania data show.
The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly appointed finance minister Alexandru Nazare.
Investment fund Fondul Proprietatea (FP.RO) has reduced its stake in nuclear power producer Nuclearelectrica (SNN.RO) to 4.99%, below the 5% legal reporting threshold.
Romania's 2021 state budget bill will reach Parliament on February 4, prime minister Florin Citu said Wednesday.
Entrepreneurs Adrian Paval and Dragos Paval, owners of DIY chain Dedeman, have transferred the 73% stake Dedeman owned in brick manufacturer Cemacon to their investment vehicle Paval Holding.
The number of real estate deals in Romania stood at 77,355 in December 2020, 17,172 more than in November 2020, data from the national cadaster agency ANCPI showed Wednesday.
Sales of ready meals will amount to more than 400 million lei in 2021, following 13% growth year-on-year, market research company Euromonitor estimates show.
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.19015 items