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Romanian investment fund Fondul Proprietatea (FP.RO) ended the first nine months of 2020 with a net loss of RON726 million, compared with a profit of RON1.9 billion in the year-earlier period, per the Fund’s financial report.

Romania’s electronic commerce market was strongly propelled in 2020 considering that many Romanians had to or preferred to shop online due to the pandemic, with the total value of online sales in Romania being expected to reach nearly EUR6 billion at the end of 2020, up over 40% versus 2019, per an iSense Solutions survey for the GPeC Summit– an annual event dedicated to the Romanian e-commerce industry.

Romania's finance ministry on Monday raised 342.5 million lei (EUR70.3 million), out of RON400 million planned, selling bonds maturing in October 2034 at an average yield of 3.65%, central bank data showed.

The COVID-19 pandemic caused half of Romanian drivers (50.7%) to change their plans to buy a car and choose a cheaper car or postpone the purchase, according to a EY survey on car buying habits, conducted among drivers in Romania, Czech Republic, Hungary, Turkey and Russia.

CTP, the largest developer and administrator of industrial and logistics parks in Romania and Central and Eastern Europe (CEE), has acquired 95,000 square meters of logistical buildings from Australian group Cromwell Property Group, marking this year's biggest deal by surface on the Romanian industr

Romanian state-owned power producer Hidroelectrica, the most profitable state-run company in Romania, ended the first nine months of 2020 with a turnover of RON2.8 billion, down 16% on the year, and a net profit of RON1.26 billion, down 4%.

Telecom operator Vodafone Romania on Monday reported total services revenue of EUR195.1 million for the third quarter of 2020, down 2.3% compared with the same period last year.

MedLife (M.RO), the leader of the private medical services market in Romania, summoned shareholders for Dec 15 to approve raising the company's share capital from RON5.5 million to around RON33 million by incorporating reserves and issuing new shares.

Romanians bought 614 million packs of medicines in the period October 2019 - September 2020, down 2.1% on the year, Cegedim's Pharma & Hospital Report showed Monday.

TeraPlast Group (TRP.RO), the largest Romanian construction materials manufacturer, will build a new factory within the TeraPlast Industrial Park in Saratel, Bistrita-Nasaud county, a project totaling EUR9.8 million.

iHunt Ploiesti (HUNT.RO), a supplier and manufacturer of cell phones and gadgets posted 3.9 milion lei net profit in the first nine months of 2020, compared with a RON102,704 loss in the year-ago period.

Helbako Electronica, the local subsidiary of Germany’s Helbako GmBH, posted 87.9 million lei (EUR18.6 million) revenue, an increase of 88% on the previous year, according to ZF’s calculations based on Finance Ministry data.

Kaufland Romania, the local division of German retailer Kaufland, said Monday it will grant bonuses to employees totaling EUR1 million.

Annabella is the most powerful entrepreneurial business in grocery retail in Romania, having posted 317.5 million lei sales last year, an increase of 8% on the previous year.

Winemaker Purcari Wineries (WINE.RO) reported revenues of RON53.4 million for the third quarter, up 5% on the year, and a net profit of RON10 million, down 18%.

Rompetrol Rafinare (RRC.RO), part of KMG International and 44.6% owned by the Romanian state, on Friday reported a net loss of $156.2 million for the first nine months of 2020, compared with a net loss of $26.9 million in the same period last year.

Individual investors bought RON500 million worth of Fidelis government bonds for the general population in the first week of the offer running until November 27, brokers' data showed.

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON152 million for the first nine months of 2020, double compared with the same period last year.

Romania's current account balance posted a deficit of EUR7.737 billion in January-September, compared with a deficit of EUR7.942 billion in the same period in 2019, central bank data showed Friday.

Romania's natural gas transmission company Transgaz (TGN.RO) ended the first nine months of 2020 with a net profit of RON224.7 million, down 9% on the year, per its quarterly report released Friday.