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Construction materials producer Daw Benta, owned by Remus Aurel Benta and German concern Daw SE, has a EUR15 million investment plan for the next two years.
Romania’s annual inflation rate is expected to post minor fluctuations in the third quarter of 2022, then enter a gradual downward path for three quarters and fall slightly below the mid-point of the target at the end of the projection horizon, the central bank’s Executive Board said in a statement regarding the monetary policy decisions made on Friday (Aug 6).
Allianz Group, present on the Romanian market through insurance company Allianz-Tiriac, on Friday said it ended the first half of 2022 with total revenues of EUR81.2 billion, up 7.2% on the year, data from Allianz representatives showed Friday.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Romania’s import-export bank Eximbank a term deposit without extension in the amount of RON198.9 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Friday (August 5).
The transaction whereby Romanian natural gas producer and supplier Romgaz (SNG.RO) acquired in early August 2022 US ExxonMobil’s ownership stake in the Neptun Deep gas exploration and drilling project in the Black Sea was funded from Romgaz’s own sources and from a syndicated bank loan worth EUR325 million.
Romania's central bank has decided at its board meeting on Friday (August 5) to raise its benchmark interest rate to 5.50% a year from the current rate of 4.75% a year, starting August 8, 2022.
Romania's finance ministry will be launching a new bond issue for the general population, under the Tezaur program, on Monday (August 8), available for subscription in the period August 8-26, 2022.
The Bucharest office of CEE / SEE law firm Wolf Theiss announces the promotion of Cornelia Postelnicu with the Corporate / M&A practice group and Andreea Tudorache and Alexandru Asaftei (both with the Banking & Finance practice group) to the positions of Senior Associate.
The VC funding in Romania in the second quarter of 2022 (some EUR30 million) was worth roughly one-third of the funding in Estonia, Ukraine and Hungary - each of them with just over EUR100 million raised in the quarter, as per the VC Funding in CEE Report – 2Q/2022 compiled by Vestbee, the leading platform for startups, VC funds, accelerators, and corporates in CEE.
The number of real estate deals in Romania stood at 57,310 in July 2022, 4,364 more than in June 2022, data from the national cadaster agency ANCPI showed Friday.
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, inched up to 8.12% a year on Friday (August 5), higher by one basis point than the 8.11% level reached on Thursday (August 4), as per central bank data.
Microsoft Romania turnover in 2021 climbed by 20% to RON558.9 million (EUR113.5 million), while the company’s net profit reached RON42 million, 26% higher than in 2020.
Telekom Romania Mobile, the former Cosmote, the fourth largest company on Romania’s mobile telephony market, a company controlled by Deutsche Telekom, Germany, and OTE, Greece, for the second quarter of 2022 reported rising revenues, profit and number of clients, with the upward trend also supported by the carrying out of some contracts with the former group company Telekom Fix, now controlled by Orange.
Bitdefender, one of the most powerful software companies created in Romania, which became a global leader on the market of cybersecurity solutions and is readying to list on the US stock market, for 2021 reported the highest net profit since its foundation.
Romanian cable producer Romcab currently has 88 jobs available for its Targu-Mures plant.
Romanian massage chair retailer Komoder will enter Austria’s market in September with a new showroom in Vienna, after having recently opened a showroom in Malaga, Spain.
Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, has budgeted 15-20% higher turnover for 2022 and will add two floors next year, according to its officials.
Adrian Ariciu, CEO of Metro Cash&Carry Romania, says the company counts on growth in 2022 as its clients’ businesses are rising, its share of the distribution market in is on an upward trend and sales volumes are going up.
Romanian entrepreneur Andrei Siminel, who controls stock market broker Tradeville, has appointed Calin Fusu to the position of nonexecutive member in the Board of Directors of Tradeville.
Swiss Capital, Banca Comerciala Romana (BCR) and BT Capital Partners were the most active brokers at the Bucharest Stock Exchange in the first seven months of 2022, jointly accounting for 56.6% of total intermediations, respectively brokered deals worth little over RON10 billion, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.19080 items