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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, has increased to 5.62% a year on Thursday (May 19) from 5.57% a year on Wednesday (May 18), as per central bank data.
Hotel group Accor, a major player on Romania’s hotel market, is expanding its portfolio with a new Mercure hotel in Cozieni, Ilfov county.
MedLife Solomed Pitesti is likely to reach turnover worth around EUR3 million this year, 20% higher than last year’s, with the main investment project for 2022 envisaging the completion of a hyper-clinic worth around EUR2 million.
Hidroplasto, a Botosani-based company that owns a plant producing construction items from PVC waste, wants to build another plant and aims to reach EUR3 million turnover this year.
Zentiva (SCD.RO) the largest pharmaceutical producer with facilities of its own in Romania, ended the first quarter of 2022 with growth of 7% in revenue to RON169.2 million, compared with the same time last year, the company said in its report with the Bucharest Stock Exchange.
The most sought-after positions, in terms of both jobs and reviews, on the Undelucram.ro platform are in the sectors of IT, retail, BPO, banking and Human Resources, according to Undelucram.ro data, the largest online community of employees in Romania.
SIF SPV TWO, a company of the SIF Banat-Crisana (SIF1.RO) Group, on Wednesday bought the site of the „Tutunul romanesc” plant in Bucharest. The previous site owner was Interagro SA, a company under reorganization, and SIF SPV TWO bought it at an auction held by insolvency specialist CITR, for EUR33.5 million.
SIF Hoteluri (CAOR.RO), a company almost entirely held by regional investment fund SIF Banat-Crisana (SIF1.RO), on Wednesday reported a net loss of almost RON760,000 for the first three months of 2022, as compared to a net profit of RON4.6 million in the first quarter of 2021.
The residential sales market is expected to go through a period of stagnation and correction, as harsher lending conditions, inflation and rising construction costs will change consumption consumer bahavior and moderate major acquisitions, according to JLL analysts.
French real estate group Catinvest has completed the second phase of the Electroputere Parc development and it will soon finalize expansion works on the Electroputere Mall which will enable the opening of new stores, restaurants and a playground.
Real estate company One United Properties, which develops residential, mixed-use and office real estate in Romania, on Wednesday said the One Herastrau Office office building has reached an occupancy rate of 100%.
Healthcare for 1.9 million people living in south-western Romania will be transformed following construction of a new regional hospital in Craiova backed by a 368 million Euro long-term EIB loan.
The Bucharest Stock Exchange announced that SMTLR01 pre-emptive rights issued for the share capital increase carried out by Simtel Team (SMTL) will start trading on Wednesday (May 18).
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 increased to 5.57% a year on Wednesday (May 18) from 5.53% a year on Tuesday (May 17), as per central bank data.
Grup Serban Holding (GSH.RO), a Romanian entrepreneurial company active in several fields in agriculture, on Wednesday said it received the approval for a project with European funds for Fabrica de Paine Serban SRL, part of Grup Serban Holding.
In the first quarter of 2022, Belgium’s WDP posted rent income worth EUR14.6 million related to the 60 properties it owns in Romania.
The milk processing plant of Tulcea-based Fraher, whose construction started in 2020, will be opened at the end of this year in the wake of EUR6 million investments.
Financial securities did not protect Rompetrol Rafinare, the company managing Petromidia, Romania’s biggest refinery, from the Ukraine war impact over oil prices, with the company’s losses soaring ninefold in 1Q/2022 vs the first three months of 2021.
Instant Factoring, the first Romanian startup providing online microfactoring for small and medium-sized enterprises (SMEs), and Romanian lender TechVentures Bank have concluded a partnership to support SMEs and also any other company that has difficulty in managing the cash flow or looks for concrete development solutions.19075 items