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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, surged to 6.05% a year on Monday (June 6) from 6.01% a year on Friday (June 3), as per central bank data.
The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, on Monday said it would set off activities in Romania as it plans to invest almost EUR120 million in the development of solar photovoltaic (PV) parks it has recently acquired.
Travel agency Accent Travel plans to exceed the EUR100 million sales volume threshold in 2022, as per data from company representatives.
Romania’s telecom market leader Orange saw its net profit grow almost six times faster than its revenue in 2021, data on the Finance Ministry website show.
Retail sales volume (excluding the trade with motor vehicles and motorcycles), in unadjusted data, grew by 3.7% in April 2022 versus April 2021 due to increases recorded by the retail of automotive fuel in specialized stores (+11.4%) and by the sale of non-food products (+5.6%).
The European Commission approved on Friday (June 3) state aid schemes for small and medium-sized enterprises (SMEs), respectively for the IMM PROD and GARANT CONSTRUCT programs.
The total lease volume on the Bucharest office market amounted to almost 65,000 square meters in the first quarter of 2022, similar to the level traded in the same period 2021, but higher by 10,000 sqm than in the first quarter of 2020, as per data from real estate consulting firm Crosspoint Real Estate.
A consortium made up of Raiffeisen Bank International, Raiffeisen Bank Romania and UniCredit Bank Romania has granted a syndicated loan of EUR65.2 million to Portugal’s Greenvolt-Energias Renováveis.
Global survey “Attitudes towards payment methods”, commissioned by eService and other EVO Group entities, shows that almost six in ten Romanians pay digitally due to ease of use and convenience.
Passenger car registrations in Romania declined by 9.9% in the first five months of 2022 to 182,920 units against the same period in 2021, according to data released by the Automotive Manufacturers and Importers Association (APIA) on Friday (June 3).
Aluminium aircraft parts manufacturer United Alloy Corporation Europe (UACE), ended 2021 with a turnover of RON411 million (EUR85 million) versus RON471 million (EUR97.8 million) in 2020, in line with public data from the finance ministry.
Romania’s energy ministry on Thursday published a draft government decision stipulating the sale to the employees of energy company OMV Petrom (SNP.RO) of a package of shares representing almost 1% of the company’s share capital that is held by the Romanian State, at a price of RON0.215 per share.
Tiberiu Mavrodin, a member of the Board of Directors of state-run lender CEC Bank, was proposed to take over as Chairman of the Board and replace Mirela Calugareanu, in line with banking sources.
Romanian natural gas producer and supplier Romgaz (SNG.RO) has put into operation the Cosereni drying station, with three wells being put into production, stated energy minister Virgil Popescu.
Romania’s finance ministry on Friday confirmed that it would launch and list on the Bucharest Stock Exchange a new issue of FIDELIS government bonds for retail investors, between June 6 and 21.
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, has exceeded the 6% threshold on Friday (June 3), ending the May 30 – June 3 week at 6.01% a year, as per central bank data.
Automotive safety systems maker Autoliv Romania, the local subsidiary of Sweden’s group Autoliv, for 2021 reported turnover worth RON3.889 billion (EUR790.5 million), up 14% year-on-year, in line with ZF calculations based on Finance Ministry data.
ara shoes Romania, which operates the German group’s production locally, in 2021 generated turnover of RON6.4 million (EUR1.3 million), down 96% from 2020, when the business had already plunged.
Germany’s DIY retailer Hornbach plans to open a new unit in Constanta this autumn.
Oradea-based producer of PVC and aluminum windows and doors, owned by Romanian entrepreneurs Marius and Simona Pantis, saw its turnover go up by 60% in the first four months of 2022 from the same period of last year.19075 items