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The International Monetary Fund (IMF) on Tuesday revised upwards its forecast on Romania’s economic growth to 6% in 2021, from a previous projection of 4.6% in its October 2020 report.
Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an announcement Tuesday.
Almost three quarters (73%) of the business leaders who responded to a survey said their business had been affected by the health crisis, but that the effect had not been quite as severe as they anticipated in March 2020. At that time, 99% of companies expected a negative impact, according to PwC’s Global Crisis Survey 2021.
French construction material manufacturer Saint-Gobain said Tuesday it will invest EUR45 million in a second plasterboard production line at its factory in Turda, northern Romania.
Groupama Asigurari on Tuesday said it registered a 30% increase on the life insurance (on individual and group level) segment on the year in 2020, with the total value of gross premiums underwritten on this segment reaching RON46 million.
The Mendeleev Office 5 office building, developed by Akcent Development in the center of Bucharest and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted two new tenants, reaching an occupancy rate of 70%.
Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, said Tuesday it has reorganized its activity organized into two business units starting April – Romania and Bulgaria Business Unit and Growth Unit.
Romania’s beer market remained stable in 2020, with a slight growth of 0.5% in volume compared with 2019, to 16.75 million hectoliters, the Romanian Brewers Association said Tuesday.
Furniture manufacturer Sortilemn Gherla, one of the most important Romanian suppliers of the IKEA group, expects growth of 10% in revenue year-on-year in 2021, following expansion and development of production.
The leader of the health insurance market in Romania in 2020 was Signal Iduna, with RON126 million gross written premiums, an increase of 27.3% on 2019, followed by Allianz-Tiriac and Groupama.
Prices of old three-room apartments in Bucharest went up by EUR150 or 0.15% to EUR98,850 on average in March compared with February, real estate consultant SVN Romania data show.
Romania's seasonally adjusted unemployment rate grew to 5.7% in February from 5.6% in January, data from the country's statistics board showed Tuesday.
Hotel complex Alpin Resort Hotel in Poiana Brasov mountain resort (Brasov County, central Romania), held by businessman Claudiu Aron, reported revenue of just RON23 million in 2020, down 57% from RON55 million in 2019, per finance ministry data.
Construction company Nord Conforest Invest, held by entrepreneur Dorin Aschilean, is developing a residential compound in Gilau locality, 20 km off the city of Cluj-Napoca, an investment of approximately EUR2.6 million covered by a bank loan and from own funds.
Mobile game developer Firebyte Games will start trading its shares on the AeRO market of the Bucharest Stock Exchange on Tuesday (April 6) under the ticker symbol FRB.
Romania’s Competition Council carried out unannounced inquiries at the head offices of companies Samsung Electronics Romania SRL, Altex Romania SRL, Flanco Retail SA and Dante International SA, regarding alleged collusions and/or price fixing.
Romania's finance ministry on Monday raised 580 million lei (EUR117.9 million) selling bonds maturing in June 2026 at an average yield of 2.59%, central bank data showed.
Winemaker Purcari (WINE.RO) has summoned its shareholders on April 28 to approve, among others, the distribution of dividends in the amount of RON26 million from the accumulated profits, which, considering the share capital issued at present (20 million ordinary shares) represents a dividend of RON1.3 per share.
Huawei Consumer Business Group reported 12% annual growth in sales in Romania in 2020, with over one million smartphones sold.
Developer One United Properties has obtained the building permit for the residential component of One Cotroceni Park, a mixed-use project currently under development on the site of the former Ventilatorul platform in Bucharest.21152 items