BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, on Wednesday reported a net profit of RON951.5 million for 2020, down 37% on the year.
Coffee shop chain Captain Bean, founded six years ago in Cluj-Napoca, ended 2020 with a 17-unit network, of which ten opened in 2020 in franchise, countrywide. In 2021, the founders of the business target an accelerated growth rate and target 50 new units, both franchises and own units, expecting a turnover of RON5 million.
PPF Real Estate, a developer and investor with real estate assets of over EUR2 billion globally, held by Czech billionaire Petr Kellner, signed six new lease contracts for office buildings Metropolis Center and Crystal Tower.
Industrial park developer CTP is investing over EUR35 million in the construction of a new building within CTPark Bucharest West, and the new space will be rented out by Quehenberger Logistics, a firm that operates the logistics activity of Brico Depot Romania, a retailer held by Kingfisher Group.
The Bucharest Stock Exchange (BVB) kickstarted 2021 with all stock indices in positive territory, as the Romanian capital market posted significant growth that topped in one month the level achieved throughout 2020.
Romania had 1.249 million public sector employees at the end of 2020, with nearly 9,000 hired in the last two months of the year, finance ministry data showed.
Most Romanians prefer to buy dairy products from supermarket and hypermarket chains, to the detriment of farmers' markets or convenience stores, a survey by Reveal Marketing Research showed Tuesday.
The fourth quarter of 2020 marked a spectacular return of the Bucharest residential market, with booming transaction activity, while residential developer activity increased compared with 2019, real estate consultancy company JLL said in a report Tuesday.
Elefant.ro, one of the largest online retailers in Romania, posted 30% higher sales of books last year compared with 2019, even though the overall market witnessed a slight decline.
The volume of new leu loans for consumers and companies rose to a 14-year high, RON68.5 billion in 2020. The volume of new loans in lei is double the level of ten years ago and 3.4% higher than in 2019.