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Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, ended the first half of 2020 with a net profit of RON7.1 million, half the level reported in the same period in 2019, and a sales turnover of RON30.08 million, up 6.3% on the year, per ZF calculations based on its half-yearly stock market report.

Romania’s modern retail space stock, made up of shopping centers, retail parks and retail galleries, has exceeded the level of 4 million square meters, but the market growth rate is expected to slow down in the coming period, per an analysis by real estate consulting firm Cushman & Wakefield Echinox.

Two Romanian entrepreneurs, Alexandru Boghiu and Radu Gogoasa, are investing EUR300,000 in launching The Mavers, a digital & tech startup on the real estate market which provides companies with solutions aimed at streamlining activities and boosting the business.

Nearly one third of retailers had similar or higher sales in the third quarter compared with the same period in 2019 although 85% registered a drop in traffic, a survey by real estate consultancy company Colliers showed.

Agroserv Mariuţa SA, whcgh owns the dairy brand Laptaria cu Caimac, has successfully closed a private placement raising EUR3 million in a bond issue maturing in 2025 with 5.25% interest, broker BT Capital Partners announced.

The ten most profitable companies in Romania made more than 10.6 billion lei net profit last year, ZF has found from Trade Register data.

New car registrations in Romania grew 17.6% in October compared with October 2019, to 12,523 units, data from the association of automotive manufacturers in Romania (ACAROM) showed Tuesday.

DDS Diagnostic, a Romanian company established in 2002 and specializing in in-vitro diagnostic, is making COVID-19 antigen tests in its own plant, following a more than EUR200,000 investment in equipment.

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) will carry out a program to repurchase maximum 15 million own shares (the equivalent of nearly 3% of the share capital), at a price of maximum RON5.1 per share, with a view to reducing the fund’s share capital.

Romania's foreign exchange reserves grew to EUR33.795 billion at the end of October from EUR32.588 billion at the end of September, central bank data showed Monday.

Erste, the Austrian financial group that owns Romanian BCR, had a net profit of EUR637 million in the first nine months of 2020, half compared with the same period last year, while BCR posted a net profit of EUR175.2 million (RON845.8 million), more than double on the year.

Romanian aircraft parts maker Romaero (RORX.RO), of strategic importance for the Romanian aerospace and defense industries, has received tax authority approval for its restructuring plan that reschedules debt payment and allows it to invest RON200 million in the next five years.

The withdrawal of the United Kingdom from the European Union, even though seems closer and closer to completion, continues to create confusion regarding the terms under which the relationship between the two entities will be performed on all levels, from those affecting the citizens of countries involved, to the commercial and administrative ones, starting from January 1, 2021. The post-Brexit agreement, which has to bring clarity to some aspects, it is still being negotiated, even if the deadline is very close. Considering this, at least from a commercial relationships’ point of view, it is essential for all the companies to prepare for substantial changes and to finalize all the necessary administrative measures before December 31, 2020.

Around one third of Raiffeisen Bank units in Romania, 129 units, will eliminate cash operations starting November, relying on ATMs, multi-functional machines and alternative channels, the bank said Monday.

Broker TradeVille on Friday closed early a private placement for bonds issued by iHunt Technology as the bonds were oversubscribed by 45%.

Sales of computers reached a decade high in Romania in the second quarter, as demand for technology skyrocketed due to the COVID-19 crisis, when companies, schools and authorities found themselves having to operate remotely.

Real estate developer One United Properties, owned by Victor Capitanu and Andrei Diaconescu, announced Monday a share capital increase to EUR70 million.

Elit Cugir, one of the largest manufacturers of cold cuts in Romania, saw its industry significantly affected by the COVID-19 pandemic in both production and distribution departments, says manager Voicu Vuscan. The meats market will be flat this year, the executive added.

Israeli Teva group owned Sindan Pharma pharmaceutical plant in Bucharest posted 160 million lei revenue in 2019, an increase of RON64 million on the previous year, Finance Ministry data show.

Fitch Ratings has affirmed Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Negative Outlook, which reflects weakening public finance metrics due to pro-cyclical policies in recent years and the impact from the coronavirus pandemic on economic and fiscal performance.