Romania Feed

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Tuesday informed its shareholders and investors that it had placed with lender CEC BANK a deposit in the amount of RON80 million, maturing on February 15, 2022 and with an interest rate of 1.70% per year.

Transport and logistics operator Maracana has rented 5,000 square meters of logistic space within the MLP Bucharest West logistics park developed in western Bucharest by Polish MLP Group.

Romanians spent nearly EUR2.6 billion on vacations abroad in 2020, which is half the amount spent in 2019, according to central bank data.

Biofarm Bucuresti (BIO.RO), one of the leading drugmakers in Romania, ended 2020 with a net profit of RON54.5 million, up 7.2% versus 2019, while income from sales grew 8% to RON218 million, the company said Tuesday in its annual financial report.

Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while comprehensive insurance (Casco) lagged behind with slower growth, some 26%, Financial Supervisory Authority (ASF) data show.

Romania's gross domestic product (GDP) took an annual plunge of 3.9% in 2020, compared with 2019, which is better than previous forecasts, a flash estimate from the country’s statistics board INS showed Tuesday.

Real estate developer Iulius Group of businessman Iulian Dascalu will allocate 25% of the 6,000 square meter retail space expansion of Palas Iasi to local entrepreneurs and producers. The company is investing EUR120 million to expand the retail area of the complex in Iasi.

Construction sector had its second best year in a decade in 2020, despite the pandemic, National Statistics Institute data show. The volume of work increased by 15.9% year-on-year. The growth had been higher in 2019, by almost 28% on the previous year.

GTC, a leading developer and asset manager in Central and Eastern Europe, has been awarded the Very Good BREEAM certificate for one of its Warsaw assets, the Artico office building. Thus, the company has successfully completed the green adaptation process for all its Polish commercial assets. The achievement follows a consistent implementation of the company’s […]

Swedish-held private medical service provider Medicover, present in Romania through Medicover clinics and the Synevo laboratory division, on Monday reported consolidated revenues of EUR128 million in Romania for 2020, up 7.5% compared with 2019.

Romania's finance ministry on Monday raised 1.2 billion lei (EUR246 million), double compared with its target, selling June 2026 bonds at an average yield of 2.3%, central bank data showed.

Alfredo Seafood owners, the local Darmanescu family, have entered the controlled temperature logistics market with Frigonet Logistics in 2020, with an initial investment of EUR0.5 million.

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said Monday just 0.2% of new shares issued for a share capital increase were subscribed in the preemption period.

Choosing the right glasses to correct your reading vision can be an overwhelming experience. One drugstore or pharmacy alone can flood you with countless reading glasses to choose from with different materials and styles. So, as a first-timer, how can you choose the right pair of glasses for you?   A pair of reading glasses […]

Mobile game developer Firebyte Games on Monday closed a private placement of shares in a share capital hike, raising RON4.93 million, BRK Financial Group said in a market report.

Shareholders of aluminum producer Alro Slatina (ALR.RO) onm Monday reconfirmed Genoveva Nastase in the position of company financial manager for a new four-year mandate, the company said in a market report.

Having navigated unprecedented disruption, executives are emboldened to reset their mergers and acquisitions (M&A) and investment strategies to secure growth for their businesses in the post-pandemic world, according to the 23rd edition of the EY Global Capital Confidence Barometer (CCB23).     Responding business leaders expect a return to pre-pandemic levels of profitability in 2021 […]

Sodexo Romania, leader in extra-salary benefits and services for quality of life in Romania, has published data on the degree of use of its mobile payment instruments in 2020.   To facilitate the use of this tools, the company launches MySodexo, a new global app dedicated to its customers, safe and easy to use. MySodexo […]

Intelligent software robots developed by Romanian technology startup Tailent reach Central & South America. The Robotic Process Automation (RPA) solutions will support overseas companies to automate and optimize a wide range of operational processes and allow their existing teams to focus on more relevant activities through a partnership with Serviceaide, a global provider of intelligent […]

Business leaders worldwide expect a return to pre-pandemic levels of profitability in 2021 (23%) or 2022 (44%), marking improved sentiment compared with estimates in March 2020, an EY survey across 52 countries showed Monday.