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Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went up 28.3% in the past decade, Romania’s Financial Supervisory Authority (ASF) data show.
Romanian state-owned natural gas producer Romgaz is currently in talks to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romania's economy minister said Tuesday.
Private lending in Romania grew 0.4% in nominal terms but decreased 0.9% in real terms in January compared with December, to RON283.531 billion, central bank data showed Tuesday.
Foreign markets hold huge growth potential for the Romanian dermo-cosmetics producer Ivatherm, despite the wave of patriotism around the world, especially since 2020.
Most analysts polled by CFA Romania (88%) estimate the leu at an average of 4.97 units to the euro over the next 12 months and see inflation at 2.58% over the same forecast horizon.
Fondul Proprietatea (FP.RO) has sold its entire 7.1% stake in nuclear power producer Nuclearelectrica (SNN.RO) throughout 2020, one of its longest standing investments.
Romanian state-owned hydropower producer Hidroelectrica ended 2020 with a net profit of RON1.45 billion, up 4.8% on the year, according to the annual report of minority shareholder Fondul Proprietatea (FP.RO).
Romanian state-owned gas natural transmission company Transgaz (TGN.RO) ended 2020 with a net profit of RON229.8 million, down 34% on the year, according to calculations by Ziarul Financiar (ZF) based on the company’s preliminary financial report published on the stock market Monday evening.
The global nuclear energy production grew for the seventh consecutive year in 2019, reaching 2,657 TWh, per the World Nuclear Association (WNA). Compared to the previous year, there is an increase of 95 TWh, the second largest nuclear energy production ever, according to Romania's nuclear power producer Nuclearelectrica (SNN.RO).
Romania's finance ministry on Monday rejected all bids at a tender for bonds maturing in January 2028 in which it planned to raise 500 million lei (EUR102.5 million), central bank data showed.
Restart Energy, an independent electricity and natural gas supplier on the local market, seeks to invest approximately $30 million in developing a solar project of 45 megawatts (MW) in Sarmasag locality in Salaj County.
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, Delgaz Grid, plans to invest nearly RON1 billion by 2023, in upgrading local networks, of which RON7.7 million from EU funds.
eMAG, the largest online retailer in Romania, seeks to develop an industrial park in Joita locality (Giurgiu County), where it is building a logistics hub of 130,000 square meters, following an investment of EUR90 million.
Romania manufactured 38,431 passenger cars in January, 10.7% fewer compared with January 2020, data from the country's carmakers association ACAROM showed Monday.
Austrian furniture and home decor retailer XXXLutz has leased 6,000 square meters of storage in the logistical park developed by WDP in Dragomiresti, northwest of Bucharest.
Romanian state-owned gas natural transmission company Transgaz (TGN.RO) said Monday it has terminated the legacy contract for gas transmission through the T3 transit pipeline on the territory of Romania to third countries, concluded with Gazprom Export LLC.
Romanian industrial equipment maker Comelf Bistrita (CMF.RO) on Monday reported a net profit of RON2.7 million for 2020, up 3% on the year.
Organic fertilizer producer Norofert Group (NRF.RO), plans to acquire a 1,000-hectare farm in Zimnicea, Teleorman county, for RON9.5 million, the company said Monday.
Shares of Bittnet Systems (BNET.RO), a local integrator of IT&C solutions, will be included in the FTSE Global Micro Cap and FTSE Total-Cap indices as of March 22, following the latest semi-annual revision of the FTSE Russell indices, the Bucharest Stock Exchange announced Monday.
Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while solvency stands at more than 23%, Romania’s central bank data show.19438 items