Romania's finance ministry on Thursday raised 699 million lei (EUR141.88 million) selling bonds maturing in November 2024 at an average yield of 2.38%, central bank data showed.
Marius Chiriac, the former coordinator of Enel X Romania, was appointed at the beginning of May as general manager of Enel Energie and Enel Energie Muntenia, companies that hold together the largest portfolio of customers on the Romanian competitive electricity market.
Leasing transactions on the Bucharest office market grew to 48,000 square meters in the first quarter, down 9% compared with the same period last year when the Covid-19 pandemic was in its early stages in Europe, data from real estate consulting company Cushman & Wakefield Echinox showed Thursday.
McDonald’s restaurant sales in Romania dropped 8% in 2020 to little under EUR180 million, compared with EUR194 million before the outbreak of the Covid-19 pandemic.
Attractive market conditions in 2021 so far have resulted in the best-performing first quarter by deal numbers and proceeds in the last 20 years, as global IPO volumes rose 85% and proceeds rose 271% on the year in the first quarter, a quarterly report by EY showed Thursday.
Online furniture and home décor retailer Vivre said Thursday its sales grew 28% in the first quarter of 2021, in line with its 30% sales growth target for the full year, to around EUR100 million.
The Black Sea Trade and Development Bank (BSTDB) has provided a EUR 15 million loan for the Midia Gas Development Project (MGD) to develop the Ana and Doina gas fields offshore Romania.
Liberty Steel, part of industrial group GFG Alliance, said May 5 it will "fix or sell underperforming units" in a restructuring and refinancing drive as it recovers from the March collapse of Greensill Capital, its biggest financier, S&P Global reported.
Retail pharmacy chain Medimfarm posted RON128 million sales in 2020, 13% higher than in 2019, Finance Ministry data show.
Retail sales in Romania, excluding vehicle sales, grew 13.3% on the month in March and by 2.3% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Thursday.
BRD Groupe Societe Generale, the third largest lender on the Romanian market by assets, on Thursday reported a net profit of RON218 million for the first quarter of 2021, down 6.5% on the year.
Pharmaceutical wholesaler Fildas posted RON4.3 billion revenue in 2020, an increase of more than 2% on the previous year, ZF has calculated from the data supplied by the company.
Evergent Investments (former SIF Moldova, EVER.RO), the largest financial investment company by capitalization on the Bucharest Stock Exchange, bought into Nuclearelectrica (SNN.RO) in the fourth quarter last year, a Romanian government-controlled nuclear power producer, ZF has found from the company’s reports.
Aluminum producer Alro Slatina (ALR.RO) on Wednesday said that NN pension funds exceeded the 5% ownership threshold of Alro’s share capital, reaching a holding of 5.04%, on April 29, 2021.
Raiffeisen Bank will grant total funding of EUR5 million to 100 Romanian startups, a segment on which the bank attracted over 4400 entrepreneurs throughout the three editions of the factory by Raiffeisen Bank lending program.
Romania's finance ministry launches two new bond issues for the general population in May with one-year and three-year maturities, available for subscription in the period May 5-26.
British paper packaging producer DS Smith will invest EUR11 million in the next two years at its paper mill in Zarnesti, central Romania, to reduce the factory's environmental impact.
Romanian state-owned lender CEC Bank on Wednesday said it registered a net profit of RON81.7 million in the first quarter of 2021, above the forecast level.
Total industrial leasing activity in Romania grew 43% on the year in the first quarter, to 264,400 square meters, real estate consultancy company CBRE said in a report.
Nearly 30,000 new job openings were listed on online recruiting platform BestJobs in April, mostly in IT, sales, and finance, and the number of remote working positions doubled compared with April 2020.