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Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first two months of 2021, followed by a correction at the end of the first quarter, pointing out, however, that the liberalization of the electricity market is a process with significant uncertainty and potential implications mostly on the dynamics of the annual inflation rate.
Spanish real estate developer Gran Via wants to also continue in 2021 the extension of the Aviatiei Apartments project in capital Bucharest and the Gran Via Marina project in the city of Constanta, and is also considering building a new project in Bucharest.
Adama Agricultural Solutions, a leading global manufacturer and distributor worldwide of crop-protection solutions, has appointed Gabriela Vila at the helm of operations in Romania and Republic of Moldova.
Most analysts polled by CFA Romania estimate the inflation rate will grow to an average rate of 2.64% in the next 12 months and see the leu depreciating to an average of 4.98 units to the euro.
Accelerated investment in upskilling and reskilling of workers could add at least $6.5 trillion to global GDP and create 5.3 million new jobs by 2030, according to the “Upskilling for Shared Prosperity” report launched by Pwc and the World Economic Forum.
Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 million.
Discount retailer Penny will continue to hire in 2021, as a result of store chain expansion and the development of a new warehouse.
The largest Romanian owner of office space, Liviu Tudor, is consolidating his position in the west of Bucharest after buying the former mattress plant Victoria site from businessman Dragos Bilteanu, real estate market sources say.
Romania's finance ministry on Monday raised 508.8 million lei (EUR104.2 million), slightly above the RON500 million level planned, selling bonds maturing in October 2034, at an average yield of 3.27%, central bank data showed.
Capital city of Bucharest registered 15,251 jobless people (of whom 8,167 women) at the end of December 2020, taking the unemployment rate to 1.28%, lower by 0.78% compared with November, according to data from the Bucharest Municipal Employment Agency.
An initial public offering of a minority stake in Romanian state-owned hydropower producer Hidroelectrica could take place towards the end of 2021 in the best case scenario, company CEO Bogdan Badea said Monday.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, fell to 1.58% a year on Monday (Jan 25), the lowest level since September 29, 2017, per central bank’s aggregate data.
Vodafone announced Monday an investment of €20 million by the Vodafone Foundation to expand digital skills and education programs by funding local initiatives in Albania, Czech Republic, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Portugal, Romania, Spain, Turkey, a
Agricover Holding, an agribusiness held by Jabbar Kanani, has received shareholders’ approval to issue 800 bonds with a nominal value either of EUR50,000 or of RON250,000, depending on the denomination decided on by the company’s Board of Directors.
Cluj-based importer and distributor of electronic products and accessories Vitacom Electronics registered a turnover of RON50 million in 2020 Vitacom Electronics, a quarter of which from online sales, and estimates 10% growth for 2021.
French retail group Carrefour, the second largest player on the Romanian market by turnover, has appointed Alina Gamauf as human resources manager.
NEPI Rockcastle, the biggest mall owner in Romania, has started work on expanding the Promenada mall and on the office building to be integrated into the shopping center in the north of Bucharest. NEPI had been previously granted the permit to start work on the basement of the project in 2019.
Alina Marulis, a Bucharest entrepreneur with 16 years of construction experience, is investing EUR10 million in a boutique project consisting of 12 villas located in the Baneasa forest area in northern Bucharest.
Local coffee shop chain Captain Bean expanded in full gear last year, amid the pandemic, when its franchisees opened ten coffee shops. The network therefore ended 2020 with 17 coffee shops, and there is still room for development, Captain Bean owner Ruben Filimon says.
Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of the pandemic, stock declines in spring and uncertain economic climate, an official of the the Romanian association for private pensions APAPR said Monday.19438 items