Found 19438 news
Technical textile manufacturer Techtex seeks to develop partnerships on the US market, after getting its products approved by the country’s Food and Drug Administration (FDA).
December 2020 came with last year’s highest level of new corporate loans in lei, as well as the 14-year monthly high, RON4.7 billion. The growth of new corporate loans in lei in December 2020 was almost RON2 billion or 71.8% compared with December 2019.
The Board of Directors of OMV Petrom proposes the company’s shareholders a gross dividend of RON0.031 per share for the 2020 financial year, same as for the financial year 2019.
OMV Petrom Group ended 2020 with sales revenue of RON19.7 billion, down 23% versus 2019, following negative evolution of the commodity prices and lower sales volumes for petroleum products and electricity, and a net profit of RON1.29 billion, down 64% from 2019, according to the earnings report released Thursday.
Greek-held builder Aktor, which specializes in infrastructure projects, has increased its Romanian revenue by 67% to RON435 million in 2020.
Telecom operator Orange said it would open nine Orange 5G laboratories, which will enable developers and players on the global market to implement the projects based on 5G technology, according to company representatives.
The number of real estate deals in Romania stood at 48,736 in January, 28,619 fewer than in December 2020, data from the national cadaster agency ANCPI showed Wednesday.
The number of real estate deals in Romania stood at 48,736 in January, 28,619 fewer than in December 2020, data from the national cadaster agency ANCPI showed Wednesday.
Bucharest’s hotel industry has been badly hurt by the crisis and one thing that shows it is the 17 for sale ads for hotels, according to real estate classifieds website imobiliare.ro, one of the largest such platforms in Romania.
Spanish real estate developer Gran Via Real Estate has bought a land plot near the Plumbuita Park in Bucharest, where it plans to build a residential project consisting of 90 apartments.
Telecom operator Vodafone Romania on Wednesday reported total services revenue of EUR193 million for the fourth quarter of 2020, down 2.1% compared with the same period the year before.
Romanian alumina producer Alum Tulcea (BBGA.RO), owned by Alro Slatina, has completed an investment of $3.67 million that modernizes and increases the performance and filtration capacity of its production plant.
New consumer and mortgage loans in lei and euros consumers took from banks fell by some RON2.7 billion or 7% from the 2019 level to RON34.3 billion in 2020. Last year was the first of decline for new retail loans in eight years, Romania’s central bank data show.
Romanian banks may register an estimated drop in revenues of around RON58 billion by 2025, compared with revenues expected had the pandemic never happened, due to risk costs and decreased volumes, according to the latest research by McKinsey&Company.
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Tuesday published its dividend policy in view of shareholders' approval on January 28 and seeks to distribute 85% of its net profit as dividends for the period 2020-2022.
Cargo transporter International Alexander Holding (IAH), founded in 2003 by Simion Apreutese and based in Arad, received antitrust clearance Tuesday to acquire Vio Transgrup based in Dambovita county from businessman Viorel Angelescu.
The Bucharest National Airport Company (CNAB), which manages Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, has a new Board of Directors and a new General Manager, Cosmin-Catalin Pestesan, starting January 2021.
Danish group Premium Porc, the second largest pork producer in Romania with ten local farms, seeks to buy five pig farms from Danbred, a group of firms with Romanian and Danish shareholders.
The Romanian real estate market continues to lure investors and the mix between the limited supply and the demand better than the initial estimates could trigger unexpected price changes, according to Gijs Klomp, Head of Investment Properties within real estate consulting firm CBRE Romania.
Monica Hodor, a former networks development director within the global infrastructure and networks division of Enel Group, took over in early February 2021 the position of general manager of E-Distributie companies in Romania, responsible for managing the electricity distribution networks in the regions of Banat, Dobrogea and Muntenia Sud.19438 items