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Romania's leading electronics retailer Altex announced the opening of a new store in Bucharest following an investment of EUR1 million.
Banks in Romania granted 3.9 billion lei in new leu loans to companies in October, an increase of RON1.3 billion or 50.5% on the year-ago month. Corporate lending reached the highest level of the year in October as well as the highest monthly level in 14 years.
German discount grocery retailer Lidl has opened 33 stores, either built from scratch or relocated this year, nearing 300 stores in Romania. It will continue expansion in 2021, as well.
Computer and electronics retailer Altex, the leader of this market in Romania, has invested EUR27 million in business development this year, choosing to continue expansion despite the COVID-19 pandemic.
The seven pension funds operating on the Romanian mandatory segment, known as Pillar II, had total assets of RON73.1 billion at the end of November 2020, reaching a record level and increasing by nearly 18% since the beginning of 2020, data from Romania’s financial watchdog ASF showed Tuesday.
Romania's economy may perform better in the last quarter of 2020 compared to the EU average, as a result of the dissipation of the basic effects induced by the agricultural sector, Csaba Bálint, member of the Executive Board of Romania’s central bank, said Tuesday.
German-held discount retailer Kaufland, the leader of the local grocery retail market by sales, opened a new hypermarket, in Sovata spa resort (Mures County), on December 15, 2020.
Romanian farmland operator Holde Agri Invest (HAI.RO) said Tuesday in a stock market announcement that Certinvest Management Solutions, a company managed by Eugen Voicu, Legal Representative and Sole Administrator of Holde Agri Invest, sold a total 419,077 shares in the company, at a price of RON1.3 per unit, on December 14.
U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ five people, namely, a store manager, two service technicians, a service manager and a sales advisor.
Laurentiu Duica, Partner & Head of Industrial Agency within real estate consulting firm Colliers International, believes Romania is halfway regarding the development of the logistics and industrial space market which he expects to exceed eight million square meters over the next four-five years, double compared to the current level.
SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software solutions integrator with its main headquarters in Greece and its office in capital Bucharest.
Real estate consulting company Cushman & Wakefield Echinox advised online retailer eMAG on the DEKRA Trusted Facility audit and certification process, which confirms Covid-19 safety measures taken at its warehouses, showrooms and offices in Bucharest and Giurgiu county are up to par.
Romanian nuclear power producer Nuclearelectrica (SNN.RO) has signed a RON242.5 million bilateral contract to provide electricity to Slovenia's GEN-I throughout 2021.
The residential sector remains one of the most attractive investments on the Romanian real estate market, with yields above other countries in the region, attracting local and institutional investors who buy thousands of apartments with minimum yields of 6.5%-7%, a report by JLL showed Tuesday.
Lender Patria Bank (PBK.RO), 83.2% owned by investment fund EEAF Financial Services Amsterdam, listed corporate bonds totaling EUR8.19 million on the Bucharest Stock Exchange Tuesday, under the symbol PBK28E.
The growth of online sales amid the COVID-19 pandemic also shows in the revenue of Farmacia Tei, which got 18% of it via online sales this year, double as much as in 2019.
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
Franchised LaDoiPasi store chain launched by Germany’s Metro has grown to 1,400 stores, which makes it the retailer with the largest network, beating Profi by only a few stores.
Real estate consulting company CBRE has advised Austrian developer S IMMO on the transaction whereby it acquired Bucharest-based office buildings Campus 6.2 and Campus 6.3 developed by Swedish real estate developer Skanska.18948 items