Romania Feed
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ZF English - 08:33 May 12, 2021
The consolidated and audited financial results of TBI Bank for all entities of the group point to a net profit of EUR19.8 million in 2020, lower by just EUR3.1 million than the record results reported in 2019, the group said in a press statement Wednesday. -
ZF English - 08:01 May 12, 2021
Romania’s industrial production increased by 13% as gross series compared to the previous month and by 0.7% as series adjusted by number of working days and seasonality, the country’s statistics board INS said Wednesday. -
ZF English - 07:49 May 12, 2021
Rotar Residence, the developer of the Rotar Park Residence complex in the western Bucharest district of Militari, saw a drop in revenue to RON40.8 million in 2020, one third of the 2019 level, RON130.1, corporate financial analysis platform Confidas.ro data show. -
ZF English - 07:35 May 12, 2021
Antibiotice Iasi (ATB.RO), the largest Romanian-held pharmaceutical producer, on Wednesday reported sales of RON66.1 million for the first quarter of 2021, down 10.2% on the year, and a net profit of RON4.03 million, which is close to the level reported in the same period in 2020. -
ZF English - 07:20 May 12, 2021
Banks in Romania granted RON4.6 billion worth of new leu loans to companies in March, an increase of RON2.1 billion or 84% on the year-ago month. -
ZF English - 07:09 May 12, 2021
The European Bank for Reconstruction and Development (EBRD) has invested RON53 million (the equivalent of EUR11 million) in a senior preferred green bond issued by Raiffeisen Bank Romania, a subsidiary of the Austria-based group Raiffeisen Bank International. -
ZF English - 13:03 May 11, 2021
UiPath founder and CEO Daniel Dines is in talks to acquire a 5% stake in One United Properties, one of the most active real estate developers of residential, office and mixed-use projects in Bucharest, sources close to the talks told Ziarul Financiar. -
ZF English - 12:48 May 11, 2021
Belgian developer Atenor, which is working on the Dacia One project in Bucharest, announced it has agreed to sell the Hermes Business Campus office complex in northern Bucharest to Boutique investment fund manager Adventum for EUR120 million. -
ZF English - 12:36 May 11, 2021
Demand for technical due diligence services has grown in recent years, as financial institutions, investors and real estate owners pay more attention to risk analysis regarding the purchase and sale of real estate assets, consultancy company Colliers said Tuesday. -
ZF English - 12:21 May 11, 2021
Low-cost airline Wizz Air on Tuesday said it would launch two new routes from Cluj-Napoca to Chania in Greece and Catania in Italy. -
ZF English - 11:45 May 11, 2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 1.54% a year on Tuesday (May 11), after stagnating at 1.59% in the last 16 days. -
ZF English - 11:07 May 11, 2021
Vegis.ro, one of the biggest online stores selling food supplements, natural, vegan and bioproducts, plans to invest EUR250,000 in a new warehouse, which will enable an increase in the volume of products in stock, and in optimizing the fast processing capacity of orders. -
ZF English - 10:15 May 11, 2021
AAylex Group, owned by entrepreneur Bogdan Stanca, which produces and sells poultry meat under the Cocorico brand, is acquiring Banvit Foods, one of the largest local producers of chicken feed and day-old chicks. -
ZF English - 10:06 May 11, 2021
German-owned discount retail chain Penny, which operates a network of almost 280 discount stores, had a net turnover of RON4.73 billion in 2020. -
ZF English - 10:00 May 11, 2021
Growing reliance on the digital home has driven a surge in online behaviors during the COVID-19 pandemic but rising service adoption is also marked by an increase in consumer fears around digital well-being, which demands an urgent shift in approach from providers, according to a study by EY. -
ZF English - 09:40 May 11, 2021
The subscription-based medical services market in Romania has reached over 1.6 million subscribers in 2020 and contributes 25%-30% to the turnover of large private healthcare operators. -
ZF English - 09:21 May 11, 2021
The group that owns the Radisson Blu hotel in capital city Bucharest seeks to invest EUR24 million to increase the number of rooms to over 600 and to refurbish the hotel lobby and the indoor garden. Thus, over 200 new rooms will be built. -
ZF English - 09:07 May 11, 2021
Irish company Alternus Energy Group has acquired a photovoltaic park with an installed capacity of 20 MW, in Giurgiu County, which was previously part of the portfolio of Risen Energy Solar Project. -
ZF English - 08:55 May 11, 2021
Vascar, one of the leading players in the meat industry, targets a turnover of almost EUR24 million end-2021, up 5% on the year, considering that it decided to earmark EUR3 million for upgrading its processing unit in Vaslui and its own stores in the region of Moldavia. -
ZF English - 08:43 May 11, 2021
Globalworth Industrial, the industrial and logistics sub-brand of Globalworth, is extending its portfolio by acquiring two industrial projects of 27,000 square meters.