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Jidvei, one of the largest winemakers in Romania, has bought a small milk processing plant from a producer in Alba County. The plant can process 5,000 liters of milk per day and is currently undergoing retooling to be able to make products to sell through retail.
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a net profit of RON48.95 million for the first nine months of 2002, down 2.3% on the year.
Romania's central bank expects inflation to drop further in the short term before rising again and remaining close to 2.5%, it said in a detailed statement following Thursday's monetary policy board meeting.
Industrial abrasives manufacturer Carbochim Cluj Napoca (CBC.RO) announced Thursday in a market report its majority shareholder Carbo Europe raised its stake in the company from 68.37% to 75.79%.
Romania's finance ministry on Thursday raised a planned 500 million lei (EUR102.7 million) selling a new issue of bonds maturing in June 2026 at an average yield of 3.01% and a cut-off yield of 3.05%, central bank data showed.
Romania’s logistics space market has seen record demand in 2020 and the volume transacted is expected to exceed the 700,000 square meter threshold, against the backdrop of accelerated growth of online commerce and the positioning of Bucharest as regional logistics hub for many international retailers, per data from real estate consulting firm Cushman & Wakefield Echinox.
Czech online home deco retailer Bonami expects sales of EUR3 million in Romania during the holiday season, of which around EUR0.5 million is expected from Black Friday sales.
Romanian's competition authority has authorized a deal allowing Rompetrol Downstream to take over operation rights on nine filling stations belonging to Comision Trade group.
The Bucharest Stock Exchange (BVB) Group, which operates the Romanian capital market, reported a consolidated net profit of RON7.9 million in January-September 2020, up 18% on the year, and consolidated operating revenue of RON31.6 million, up 20% on the year, growth influenced by all business segments of the Group.
Romania's central bank on Thursday decided to keep its benchmark interest rate unchanged at 1.5% a year, but lowered minimum reserve requirements on foreign currency liabilities to 5% from 6%.
Telekom Romania Group reported consolidated revenue of EUR244.1 million in the third quarter of 2020, stable compared with the same period in 2019, and its mobile services client base grew 9.8%.
Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, ended the first nine months of 2020 with a net profit of RON583 million, up 9% on the year, and its total assets grew 17% to RON49.61 billion.
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) reported a net profit of RON40 million in the first nine months of 2020, down 5.5% on the year, and sales of RON224.8 million, down 15.7% from the same period in 2019.
Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania, ended the first nine months of 2020 with a net loss of RON4.7 million (excluding the impact of the adoption of IFRS 16), versus a profit of RON38.2 million in the same period in 2019, while restaurant sales reached RON502.4 million, down 27.6% on the year.
Linde Gaz Romania, the local subsidiary of Linde Plc, the largest industrial gas supplier worldwide, posted more than 683 million lei (about EUR144 million) revenue in 2019, an increase of 6.5% on the previous year, ZF has calculated from Finance Ministry data.
Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, ended the first nine months of 2020 with a net profit of RON1.92 million, double against the same period in 2019, and with sales of RON137 million, down 3% on the year.
Farm and forestry equipment manufacturer IRUM Reghin is conducting a EUR9 million investment project to boost production capacity and create 50 new jobs.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) reported a net profit of RON477 million in the first nine months of 2020, up 14.8% on the year, and operating income of RON1.7 billion, down 1.8% on the year, per its quarterly report published Thursday on the stock market.
Romanians spend some EUR5 billion on apparel, footwear and sporting goods a year and online sales used to account for about 10% of that until the pandemic, ZF has estimated based on market data.
Individual investors bought nearly RON300 million worth of Fidelis government bonds for the general population in the three days since the offer was launched.18948 items