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Romania’s investment market increased to EUR518 million in the first half of 2022 as compared to EUR360 million in the same period in 2021.
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, on Wednesday, August 3rd, reached 8.05% a year, up from 8% on Tuesday.
Alpha Bank, among the ten largest banks by assets on the Romanian market, in the first half of this year posted EUR18.2 million gross profit, up 71.6% from the 1H/2021 level.
Romania’s housing market is heading toward a new record in terms of deliveries in 2022 as well, in a context dominated by rising prices of building materials and implicitly of apartments, as the gap between deals and deliveries continues to be extremely high, both in Bucharest and nationwide, reveals an analysis by real estate consulting firm Colliers.
AROBS Transilvania Software, the largest tech company listed on the Bucharest Stock Exchange, is launching the AROBS Engineering unit, officially registered as AROBS Development & Engineering, after completing the takeover of the business line and team of Software Development Services from Sweden’s Enea AB in early June.
Retail turnover, the main barometer for private consumption, in the first six months of this year went up by 5.2% in gross series from the year-earlier period, amid rising sales of car fuel (+9.6%), non-food items (+6%) and of foodstuffs, beverages and tobacco (+2%), in line with data from Romania’s statistics board INS.
BRD for the first half of this year reported total net banking income of RON1.6 billion, up 9%, and operating expenses of RON806 million, 5.1% above the 1H/2021 level.
Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, which owns five hotels in Romania, operated with an average 80% occupancy rate in the first half of this year, according to the company’s officials.
Starting September 2, 2022, OMV Petrom (SNP.RO) will set off the payment of special dividends worth RON2.5 billion to the shareholders registered on August 11, 2022.
Global technology and software company Emerson, part of US-based Emerson, reported a turnover of RON1,080 billion (EUR219.6 million) for 2021 in Romania, up 12.3% from 2020, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Meta Estate Trust, a holding company operating in the real estate sector, on Tuesday said it closed its public offering for the sale of shares.
Romanian nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report that it concluded on August 1, 2022 multiple contracts worth RON430 million for the bulk sale of electricity to Romanian electricity supplier Electrica Furnizare.
The European Bank for Reconstruction and Development (EBRD) is enhancing food production and security in Romania and beyond by approving EUR20 million to Agricover Credit IFN, a non-bank agricultural lender, to on-lend to farmers for their investment or working capital financing needs.
Nestlé Romania plans to keep in 2022 the growth pace of the first half of the year and thus end the year with an increase of over 10% in sales compared to 2021, according to Silvia Sticlea, Nestlé Romania country manager.
Hotel company Turism Felix, owner of the tourism compound in Baile Felix resort, has contracted a loan of RON40 million from lender Banca Transilvania to continue investments at the Venus-Baile 1 Mai swimming place.
The management of One United Properties (ONE.RO) on Tuesday (Aug 2) informed the market about the launch of the private placement for the subscription of up to 300 280 million ordinary shares that will be offered to investors in Phase 2 of the share capital increase.
KMG International (Rompetrol) is launching the 22nd edition of the “Career Ready” program, in which 80 students and recent graduates will take part, selected following a complex recruitment process, carried out between May and July.
Europe’s attractiveness for foreign direct investment (FDI) has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey.
Swiss-based agri-business group Ameropa, which includes Azomures, the biggest chemical fertilizer in Romania, grain trader Ameropa Grains and port operator Chimpex, has contracted a multi-currency revolving-type credit facility worth EUR347 million that will be used to finance working capital needs.
Jean Valvis, the entrepreneur behinds the Aqua Carpatica, LaDorna and Dorna brands, has signed an agreement with US giant PepsiCo for the sale of a minority stake in Carpathian Springs, the bottler of AQUA Carpatica mineral water brand.19080 items