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Net investments in the Romanian economy grew 0.7% in January-September 2020 compared with the same period last year, to RON68.8 billion, data from the country's statistics board showed Thursday.
Private healthcare operator Gral Medical, the fifth largest on its market by sales, posted more than EUR33 million revenue in the first ten months of the year and expects to end the year with EUR40 million sales, the company said.
Romania's trade balance posted a deficit of EUR14.85 billion in January-October 2020, EUR827.5 million higher compared with the same period in 2019, data from the country's statistics board showed Thursday.
UK online fashion giant Asos works with 191 plants in Europe, one third of which in Romania.
Computer and electronics retailer Flanco has budgeted growth for next year, after 2020 has been a good year for its industry, since Romanian consumers spent more time at home and bought products to make their life easier.
Romania's natural gas transmission company Transgaz (TGN.RO), which has monopoly on natural gas transport in the country, said Wednesday it was fined RON34.2 million, or 1.95% of its 2019 turnover, by the antitrust authority over faulty contract awarding procedures.
Real estate developer Impact Developer&Contractor (IMP.RO) will benefit as of Dec 10 from the Issuer’s Market-Making services provided by SSIF BRK Financial Group, one of the most active brokerage companies trading on the and Issuer’s Market Maker for five other listed companies.
German-held discount retailer Kaufland, the leader of the local grocery retail by sales, opens a new store in Roman, Neamt county, its 137th store in Romania.
Allianz-Tiriac, the second largest insurer on the Romanian market, has signed an agreement with German Gothaer Group to acquire 100% of its Romanian subsidiary Gothaer Asigurari Reasigurari.
French DIY retailer Leroy Merlin has bought a property in Brasov in view of expansion from Belgian investor Mitiska REIM, specialized in the development and management of retail parks.
Review platform Undelucram.ro, launched in 2011 by Costin Tudor, seeks to attract one million registered users in 2021, from 650,000 at present, and to accelerate its growth in Greece, Hungary and the Czech Republic, by carrying out a new financing round, estimated at EUR750,000-EUR1 million.
Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, officially entered the Bucharest Stock Exchange on December 9, trading on the AeRO market.
Investment fund 212 is becoming shareholder of 123 Form Builder, a Romanian start-up company founded in the city of Timisoara and specialized in creating online forms.
The Romanian insurance market registered gross underwritings of RON8.5 billion in the first nine months of 2002, up 4.8% on the year, an official of the financial authority said Wednesday.
The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw an increase in the number of insolvencies, and the Czech Republic, which reported increased restructuring activity, per PwC’s “Global Restructuring Trends” survey.
Euroins Romania, one of the largest insurance companies on the local market, has implemented two successive capital increases worth a total RON126 million, per data provided by company representatives.
French real estate group Catinvest has completed a mixed-use building within the Electroputere Parc shopping center in the city of Craiova and opened the first Class A office building in Craiova; a second similar project is to be completed in 2021, following a total investment of EUR39 million.
The total value of transactions, including offers, with all types of financial instruments traded on the Bucharest Stock Exchange (BVB) neared the threshold of EUR3 billion, or the equivalent of RON14.3 billion, in January-November 2020, higher by 42.3% in national currency compared to the first 11 months of 2019.
Demand for consumer loans in Romania has increased in the fall after the summer rekindled appetite for such loans, following the significant decline in the spring due to the lockdown caused by the COVID-19 pandemic.
Romanian ice cream producer Ice Dyp in Timis County is entering the craft ice cream market after having bought Ati Cream plant in Harghita County from Romanian entrepreneurs. The officials of the company would not reveal the value of the deal.18948 items