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Romania had the lowest government support package to fight the effects of the coronavirus pandemic in Central and Eastern Europe, of just 4% of GDP, a report by ratings agency Moody’s showed.
Paint and coatings manufacturer Köber is investing EUR5 million in manufacturing and logistics space in 2021.
Otopeni, Cluj-Napoca, Timisoara, Iasi and Sibiu, Romania’s five largest airports saw an up to 70% decline in passenger traffic last year compared with 2019, the data the airport officials supplied show. Timisoara recorded the worst decline, more than 70.5%, while Iasi only 64.4% decline.
Real estate developers bought some EUR300 million worth of land in 2020 to build homes and residential projects, real estate consultant Colliers Romania says. However, they either did not buy land for office space projects or postponed such plans.
Danish pharmaceutical group Novo Nordisk, the leading insulin and diabetes medications globally, has appointed Cristina Popescu as its new corporate affairs director for Romania starting January 2021.
Brasov-based real estate developer Qualis Properties has raised RON10.2 million in a private placement of bonds maturing in 2024 and an annual interest of 9%, brokered by BRK Financial Group (BRK).
Oil group Shell, which had sold all its Romanian assets in 2007, is returning to Romania, where it will carry out commercial road transport activities, according to company representatives.
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, inched up to 1.60% a year on Friday (Jan 22), after stagnating at 1.59% a year over the last four days.
Two in three Romanians (67%) use different kinds of banking products and services, such as current accounts, cards, loans, deposits and make payments, per a survey regarding Romanians’ perception of the digitalization of the banking system, conducted in December 2020.
Swedish developer Vastint that built the Business Garden Bucharest office buildings on Calea Plevnei in Bucharest and is working on the Timpuri Noi Square in the same city plans to start construction of the second phase of the latter in the second half of the year.
Romanian consumers spent 110 million to 120 million lei on clothes dryers last year, not including VAT and the market has increased significantly in the past few years, 2020 included.
Paint and coatings manufacturer Sarcom Valcea has budgeted EUR300,000 investments for 2021, after a 2020 that its owners, brothers Aurel and Marinica Potop, say was good though atypical.
Fast moving consumer goods giant Unilever is developing its operations in Romania despite the COVID-19 pandemic, announcing Romania is a very important market for the group.
Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, announced Thursday that board member Stefan-Alexandru Toderita, exceeded the 10% holding threshold in the company on January 20.
The total value traded on the Bucharest Stock Exchange and its multilateral trading system reached RON12.69 billion in January-September 2020, up 56.27% on the year, despite risks and a deteriorated macroeconomic environment.
Romania's finance ministry on Thursday raised 1.5 billion lei (EUR307.7 million) selling bonds maturing in June 2026 at an average yield of 2.38%, central bank data showed.
The total value of properties transacted in 2020 by real estate agency Blitz amounted to EUR65 million in the Romanian cities of Brasov and Cluj, and over 30% of transactions were carried out through a form of bank financing.
Romanian nuclear power plant operator Nuclearelectrica on Thursday said it would shut down nuclear reactor 1 at the power plant in Cernavoda on Friday to Saturday night (January 22-23, 2021) for repairs.
Over a third of employees in Romania expect to go back to working in the office in 2021, alongside the entire work team. The office of the future offers more safety, more routine and a platform for creative activities, per a survey conducted by Genesis Property.
Last year saw 136 deals worth almost EUR3.4 billion signed in Romania, 5% lower in volume and 10% lower in value compared with 2019, the CMS Emerging Europe M&A 2020 report and ZF calculations based on the data therein show.19438 items