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Bookstore chain Diverta, which went insolvent for the second time in the summer of 2021, was acquired by businessman Augustin Dragan from founder Octavian Radu several months ago. The deal included both the brick and mortar stores, managed by a separate company that is insolvent, and the online store, which has a different management and is not insolvent.
The number of job vacancies in Romania increased by more than 16% in the second quarter of 2022 compared with the year-earlier period, going from 39,504 to 45,976, National Statistics Institute data show.
Romania's Finance Ministry raised RON307 million from banks on Monday, via a government paper auction with a nominal value of RON300 million due in April 2036, at an annual average yield of 8.05%.
The shares of the Bucharest Stock Exchange (BVB), a company listed in 2010 on its own regulated spot market in the Premium category, will be included, from September 19, in the FTSE Russell indices dedicated to Emerging Markets. The BVB shares will be part of the FTSE Global Micro Cap, with the inclusion announced by the global index provider following its quarterly review published on August 19.
One United Properties, one of the largest real estate developers in Romania, saw its net profit soar by 136%, to RON347.8 million, in the first six months of 2022 from 1H/2021.
Romanian software company Encorsa, set up in 2019 by Romanian entrepreneurs Razvan Gabriel Ogrezeanu, Radu Margarit and Catalin Profir, expects turnover to reach EUR1 million (around RON4.8 million) at end-2022, up around 66% from 2021.
The four largest video game developers in Romania generated overall turnover worth almost EUR180 million (RON878 million) in 2021, up almost 19% on the year, in line with ZF calculations based on Finance Ministry data.
Romanian aluminum processor Alumil Rom Industry saw its net profit reach RON3.8 million in the first half of this year, from RON1.96 million in the year-earlier period, up 96%, in line with the advance posted by its operating income.
TESLA Energy Storage, a company founded in June, but that is part of Czech Republic’s TESLA group, a producer of energy equipment, is set to start building an energy storage equipment plant in Braila.
Shaormeria Baneasa, a shawarma restaurant chain founded in 2021, has almost doubled its network since early 2022, heading toward 30 units.
Real estate developer Impact Developer & Contractor (IMP.RO) has notified the capital market that it closed a private placement for the subscription of up to 125 million newly issued ordinary shares, with the capital raised to support the company's growth strategy.
The shareholders of BT Leasing Transilvania IFN approved on August 16 the merger in principle with Tiriac Leasing IFN SA.
Dorin Mateiu, the former owner of Elit Cugir, one of the most important firms on the local meat and cold cuts market, subscribed 99.6 million shares within the share capital increase operation of real estate developer One United Properties (ONE.RO), a stock market report showed on Friday.
Electronic component manufacturer Plexus Services Ro, the local subsidiary of the US Plexus Group, currently has 76 job openings at its plant in Oradea located in Romania's western county of Bihor.
Romania, with an annual inflation rate of 13% in July 2022 (based upon the harmonized consumer price index of the European Commission), has the second lowest rate in the European Union (EU), as per data from the EU’s statistical office Eurostat.
State-owned natural gas producer and supplier Romgaz (SNG.RO) borrowed EUR325 million from Raiffeisen Bank at an interest of three-month EURIBOR plus 0.05% per annum, ZF has found from the company’s first half report.
Lantmännen Unibake Romania, the local division of Sweden’s Lantmännen Unibake, plans to build a production unit from scratch where it will produce bread specialties.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, stagnated at 7.97% a year on Friday (August 19), as per central bank data.
Even with the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains acceptance, according to PwC’s 4th Annual Global Crypto Hedge Fund Report 2022, produced together with the Alternative Investment Management Association (AIMA) and Elwood Asset Management (now part of CoinShares).
Omniasig, Asirom and BCR Asigurari de Viata, the three Romanian insurance companies owned by Austria’s Vienna Insurance Group (VIG), reached combined underwritings of EUR412.4 million at the end of the first six months of 2022, up 54.8% on the year, VIG said in its half-year financial report.19080 items