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Belgian-held logistics space developer WDP, one of the most active investors on the Romanian market, has EUR116 million investments planned for Romania over the next three years.
Online furniture and home décor retailer Vivre posted growth of 45% in sales to more than EUR60 million in 2020.
Experts of KeysFin, one of business information providers in Romania, expect the Romanian economy to grow by 2.5% to 3.5% in 2021.
Shareholders of state-run oil transporter CONPET Ploiesti (COTE.RO) will be discussing in their general meeting of March 11 a decision to increase the company’s share capital by RON108.8 million.
Romanian state-owned hydropower producer Hidroelectrica plans to invest RON170 million in retrofitting works at the Bradisor hydropower plant.
Shares of Romanian cybersecurity company Safetech Innovations started trading on the AeRO market on The Bucharest Stock Exchange Friday under the ticker symbol SAFE.
Shareholders of Rompetrol Well Services (PTR.RO) rejected a proposal by minority shareholder KJK Balkan on the distribution policy for the RON84.37 million profit raised in previous years and approved the dividend policy proposed by majority holder KMG International.
Romania's government raised RON995 million selling bonds to the general population in January 2021, the biggest monthly amount investors subscribed since the start of the program.
German home appliances manufacturer Miele ended 2020 with 34% turnover growth in Romania, to over EUR13 million, as consumer behavior changed during the pandemic.
Fiscal facilities and the closure of courts due to pandemic restrictions led to a 42% drop in high-impact companies that accessed insolvency, from 139 in 2019 to 80 in 2020), according to an analysis by CITR, the leading insolvency practice company, part of Impetum Group.
Mortgage loan volume went up by more than 9.8% or RON8 billion to RON89 billion lei year-on-year in 2020, and lenders offset the decline in consumer loans with the higher sales for buying a home.
Fast moving consumer goods distributor Bere Bauturi Bucuresti (whose customers included Heineken and Coca-Cola), Midocar (the first importer of Volkswagen and Audi in Romania) and wire maker Dan Steel Beclean are the biggest insolvencies of 2020, a year when the Covid-19 pandemic hit many sectors of the economy.
Construction material manufacturer Joris Ide, held by Kingspan Group, targets investments of nearly EUR15 million in Romania until 2024.
Regional investment fund SIF Moldova (SIF2.RO) said in a stock market announcement on Thursday that it received from SAI Atlas Asset Management SA the notification on exceeding the 5% holding threshold of the voting rights of SIF Moldova.
Fashion House Pallady, the latest fashion house outlet developed by Belgian real estate developer Liebrecht & wooD in eastern Bucharest, in the commune of Fundeni, will open on March 25, following a total investment of over EUR25 million.
Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, registered a 69.7% decline in traffic on the year to 4,468,906 million passengers in 2020, against the backdrop of the COVID-19 pandemic, the Bucharest National Airport Company (CNAB) said Thursday.
Romanian state-owned lender CEC Bank is launching a personal loan with a fixed interest rate of 10.40% per year, which can be contracted exclusively online, without making any trips to the bank, via the CEC_IN platform.
Shareholders of Romanian regional investment fund SIF Moldova (SIF2.RO), which is changing its name to Evergent Investment, on Thursday (Jan 28, 2021) elected a new Board of Directors, for a four-year term, from April 5, 2021 until April 5, 2025.
Romania's leading electronics retailer Altex wants all stores, logistics parks and entities in its group to produce and use renewable energy, with the installation of solar panels, and total investments to this end have exceeded EUR1 million so far.
Romania was one of the busiest markets in Central and Eastern Europe in terms of banking sector mergers and acquisitions, with three transactions in 2020, according to the Deloitte CEE Banking M&A study released Thursday.19438 items