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The number of real estate deals in Romania stood at 83,675 in October 2020, 35.107 more than in September 2020, and 25,341 more than in October 2019, according to the national cadaster agency ANCPI.
German-held discount grocery retailer Lidl is opening a new store in Alba Iulia, central Romania, reaching 280 stores on the local market.
Romanian coffee shop chain 5 to go, founded in 2015 by two local entrepreneurs, has continued expanding despite the difficult pandemic context and opened 85 units this year out of 100 planned.
Prices of old three-room apartments in Bucharest fell by EUR500 or 0.5% in October compared with September, reaching EUR98,300, after having gone up EUR100 the previous month, real estate consultant SVN Romania says.
Profi retail chain held by buyout investor Mid Europa Partners continues expansion as usual despite the COVID-19 pandemic, having opened 28 new stores in October. This is about as many as in other months or even higher than in some months of 2020.
Prices for new Dacia models start from EUR8,400 including VAT for the new Logan, EUR8,600 for the new Sandero, and EUR12,050 for the new Sandero Stepway, the carmaker announced Wednesday.
Romanians working abroad sent EUR2.3 billion back home in January-August 2020, while foreign direct investments reached EUR1.4 billon (adding intragroup loans) and EUR994 million if considering only capital contributions (and reinvested profit, as well).
Electronics retailer Altex opens a 1,500 sqm store in Lugoj, western Romania, on November 5, following an investment of EUR5 million.
Golden Foods Snacks, which produces, packages and distributes sunflower seeds, peanuts and hazelnuts under the Elmas brand, said Tuesday in a stock market report that it successfully completed a new corporate bond offering, managing to attract RON4 million from investors.
Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, ended the first half of 2020 with a net profit of RON7.1 million, half the level reported in the same period in 2019, and a sales turnover of RON30.08 million, up 6.3% on the year, per ZF calculations based on its half-yearly stock market report.
Romania’s modern retail space stock, made up of shopping centers, retail parks and retail galleries, has exceeded the level of 4 million square meters, but the market growth rate is expected to slow down in the coming period, per an analysis by real estate consulting firm Cushman & Wakefield Echinox.
Two Romanian entrepreneurs, Alexandru Boghiu and Radu Gogoasa, are investing EUR300,000 in launching The Mavers, a digital & tech startup on the real estate market which provides companies with solutions aimed at streamlining activities and boosting the business.
Nearly one third of retailers had similar or higher sales in the third quarter compared with the same period in 2019 although 85% registered a drop in traffic, a survey by real estate consultancy company Colliers showed.
Agroserv Mariuţa SA, whcgh owns the dairy brand Laptaria cu Caimac, has successfully closed a private placement raising EUR3 million in a bond issue maturing in 2025 with 5.25% interest, broker BT Capital Partners announced.
The ten most profitable companies in Romania made more than 10.6 billion lei net profit last year, ZF has found from Trade Register data.
New car registrations in Romania grew 17.6% in October compared with October 2019, to 12,523 units, data from the association of automotive manufacturers in Romania (ACAROM) showed Tuesday.
DDS Diagnostic, a Romanian company established in 2002 and specializing in in-vitro diagnostic, is making COVID-19 antigen tests in its own plant, following a more than EUR200,000 investment in equipment.
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) will carry out a program to repurchase maximum 15 million own shares (the equivalent of nearly 3% of the share capital), at a price of maximum RON5.1 per share, with a view to reducing the fund’s share capital.
Romania's foreign exchange reserves grew to EUR33.795 billion at the end of October from EUR32.588 billion at the end of September, central bank data showed Monday.
Erste, the Austrian financial group that owns Romanian BCR, had a net profit of EUR637 million in the first nine months of 2020, half compared with the same period last year, while BCR posted a net profit of EUR175.2 million (RON845.8 million), more than double on the year.18948 items