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Romania had a tax-to gross domestic product ratio of 26.8% in 2019, the second lowest level among European Union member states, ahead of Ireland (22.7%) and after Bulgaria (30.3%), Eurostat data showed Thursday.
Shareholders of SIF Oltenia (SIF5.RO) on Thursday rejected a plan for the repurchase of 26.2 million own shares, representing 5% of its share capital, in view of annulment and share capital reduction.
The industrial space sector was the star of the real estate market this year and companies in retail and related services, namely logistics and delivery, were the most active investors, a market report by CBRE showed Thursday.
Horia Cardos, founder of Agroland, which operates a chain of 250 farming product stores, has opened the biggest store yet in Bucharest, following an investment of EUR150,000.
Courier company Sameday, owned by online retailer eMag, has rented 2,100 square meters in TBM Industrial Park in Rudeni, near Bucharest.
Wizz Air, the leading low-cost carrier in Central and Eastern Europe, inaugurated Thursday its new base in Bacau, Eastern Romania.
Belgian real estate developer Liebrecht & wooD starts work in November on the first 94 houses in the residential project in Frumusani, near Bucharest.
Telecom operator Orange Romania said Thursday it posted a turnover of EUR273.1 million in the third quarter, down 2.1% compared with the same period in 2019.
Romania will not shut down its economy as it did during the two-month state of emergency in spring, finance minister Florin Citu said Thursday in a radio interview.
Polish footwear retailer CCC, the second largest on the Romanian footwear market, opened a new store in the AFI Brasov shopping center, its 76th in Romania.
December could be a make-or-break month for the shopping centers in Romania, badly hurt by the pandemic, considering this is a time when people buy presents and usually generates higher sales for stores, says Andrei Pogonaru, owner of Veranda Mall in Bucharest.
Online sales of groceries and personal and household care products could reach EUR1 billion by 2025 or 4% of the total market, ZF has calculated from the estimates of the Bringo delivery platform of French-held Carrefour group.
OMV Petrom (SNP.RO), the biggest oil and gas company in Southeast Europe, on Thursday reported sales of RON15.1 billion for the first nine months of 2002, down 17% on the year, while net profit attributable to shareholders dropped 70%, to RON826 million.
Coffee distributor Tchibo Coffee Service is acquiring Partener Coffee Services, which owns The Coffee Shop chain of cafes. The deal is being analyzed by the antitrust body.
Otter Distribution, one of the largest players on the local footwear retail market, has expanded its network opening a Tezyo store and a Salamander store in AFI Brasov shopping center following an investment of EUR225,000.
Housing prices, demand, supply and real estate deals recovered visibly in the third quarter of 2020 after the lifting of pandemic-related restrictions, a market report by Imobiliare.ro showed Wednesday.
Supermarket and hypermarket chains are the lifeline of the companies in the food and drink service industry as the number of COVID-19 cases is rising and restaurants, cafés and bars have to comply with an increasing number of restrictions to be able to operate.
The companies in the construction sector in Romania posted more than 107 billion lei revenue in 2019, ZF has calculated from the country’s National Statistics Institute. The revenue grew by 27% compared with 2018 and by 14% compared with 2009.
Do-it-yourself retailer Brico Depot posted 9% like-for-like growth in sales in the first half of 2020 and the online sales contributed a lot to the total.
Romanian cosmetics brand Cupio, launched by Raluca and Razvan Stefanescu in 2012, reached a network of 18 stores after a recent opening in the AFI Brasov shopping center, opened this month.18948 items