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Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, has announced net loss of RON6.88 million for the first six months of 2023, compared to a negative result of RON4.45 million in the same period of 2022, while its turnover plunged 13.7% on the year to RON10.1 million.
Furniture and home product retailer JYSK continues expansion in Romania with the inauguration of a new store in Ramnicu Valcea on Thursday, November 30, for a total of 138 in the country.
PayPoint continues to develop the digital payment segment and announces a new partnership with Meridian Taxi, one of the most important taxi companies in Bucharest, company representatives said in a press statement.
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard manufacturers in Romania, posted more than EUR90 million revenue in the first nine months of 2023 and expects to end the year with about EUR120 million revenue, the company said.
Romania's eastern city of Iasi will be attracting private real estate investments of EUR500 million in the coming years, which will add to public infrastructure projects worth EUR1.2 billion announced by authorities, according to the participants in a debate organized by Romania Property Club (RPC).
Investors, either retail or institutional, have put in orders with their brokers to sell about RON300 million worth of Fondul Proprietatea (FP.RO) shares so far during a buyback offer, which has the potential to reach RON1 billion and ends at noon on December 5, data aggregated by ZF show.
Banca Transilvania (TLV.RO), the largest lender in Romania, got the “investment grade” rating from Moody’s, the bank said in a press release.
Romania's Finance Ministry raised RON399.4 million from banks on Monday (November 27), below the planned level of RON600 million, selling bonds due in May 2027, at an annual average yield of 6.64%.
Oves Enterprise, a Romanian software development company based in Cluj-Napoca, announces the launch of the first demining drone - Hyper Drone.
Genesis Property has announced the completion of works on Phase 2 of the YUNITY Park project following an investment of EUR20 million.
The Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out a new offer on Bucharest Stock Exchange (BVB), between November 27 and December 15, 2023.
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania.
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP growth forecast has been adjusted upward to 2.4%, backed by robust employment conditions and substantial fiscal stimulus, as per GlobalData’s latest report, “Global Macroeconomic Outlook – Q4 2023 Update.”
Over 70% of real estate developers in Romania present a major insolvency risk amid rising challenges generated by falling real estate sales and hiked taxes, reveals an analysis conducted by consulting firm Frames.
Romania is emerging as a major regional distribution hub, especially in southeastern Europe and the stock of logistic spaces is likely to top 10 million square meters by the end of this decade, from 7 million at present, way below that of some countries in the region such as Poland or Czechia, reveals a Colliers analysis.
Tech company 2Performant Network, the biggest player on the local affiliate marketing market, registered RON32.2 million turnover during the January-September 2023 period, 36% higher than in the year-earlier period.
Belgium’s WDP is close to clinching the acquisition of Doraly, in line with real estate market data, in one of the biggest real estate deals on the local market, put at over EUR100 million by ZF.
Renewable energy company Econergy has secured EUR60 million in financing from Raiffeisen Bank International to help support its 155MW solar energy project in Romania
Retail, agribusiness and food group Agroland Business System (AG.RO), which owns the largest farm supply store chain in Romania, ended the January-September 2023 period with a consolidated turnover of RON249.9 million, up 2% on the year, as per data from the company's financial report published at the Bucharest Stock Exchange.
Private lending in Romania grew by 5% in nominal terms (down 2.8% in real terms) to RON381.8 billion in October 2023 compared to October 2022, central bank data showed on Friday (Nov 24).19075 items