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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 6.41% a year on Wednesday (June 29) from 6.28% on Tuesday (June 28), as per central bank data.
Teilor, a luxury jewelry store chain present in Central and Eastern Europe, has budgeted RON27 million investments for 2022 to open new units, improve existent stores and clients’ omnichannel experience.
Spartan, the restaurant chain founded by businessman Stefan Mandachi, sealed an agreement to take over five of Taksim units of Bucharest, for EUR1 million, and is in advanced talks to also buy the other three Taksim units of the capital city.
Financial analysts part of CFA Romania association expect the Romanian leu to decline to an average of 5.1125 units to the euro in the next 12 months, while the estimated inflation rate will hit on average 9.50%, a new all-time high since the launch of the monthly poll CFA has conducted for over ten years.
Cora retailer, the smallest player in the local food retail field by the number of stores and turnover, is remodeling its hypermarkets of Bucharest and one of Constanta, downsizing them and reconfiguring product ranges in what seems to be a first major move on the segment of large stores.
Interior design company Chairry Design & Furniture is leasing a 240-sqm space in UpGround compound owned by international investor Globalworth, in northern Bucharest.
The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt collector Kruk data show.
Romanian Tech Startups Association (ROTSA), in partnership with Techcelerator and Rōnin, launched Startup Reaktor, an incubation platform for technology startups in Central and Eastern Europe (CEE).
The European Investment Bank (EIB) on Tuesday announced a EUR97 million co-financing to support the resilience of Romanian Black Sea coast to erosion and floods.
The first commercial exchanges with electricity with Ukraine and the Republic of Moldova, after the synchronization with the European network, will be carried out starting Thursday (June 30), on the interconnection with Romania, according to Romanian state-owned power grid operator Transelectrica (TEL.RO).
Startup firm InstantSpace has launched its automated booking platform that makes booking of venues and services easy and instant.
The increase in construction costs will influence the delivery rate of new office space projects, with many real estate developers preferring to delay construction works to see to what extent the extra cost can be absorbed by higher rents, real estate consulting firm Colliers said in an analysis.
For the third month in a row, the European Commission is revising its forecast downwards for Romania's winter crops, including the grain production, while increasing at the same time its forecast for the country's sunflower crop.
Banca Transilvania, Romania’s largest lender by assets, has revised upwards the country’s economic growth forecast to 3.8% in 2022, from its previous projection of 3.5%, and versus the 2.9% forecast of the Ciuca government.
While the majority of organizations that use artificial intelligence (AI) are still experimenting with the technology, only 12% are using it at an AI maturity level that achieves a strong competitive advantage, according to new global research from Accenture.
The level of stress faced by more than half of working women (53%) is higher than a year ago, and 46% say they are exhausted, according to Deloitte’s Women @ Work 2022 study conducted globally.
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 6.28% a year on Tuesday (June 28) from 6.26% on Monday (June 27), as per central bank data.
Local startup iFactor, which has developed an online alternative funding platform for SMEs, is readying to open a new funding round that is set to aid it expand on the UK market as well.
Farmaceutica Remedia, a major group on Romania’s pharma market, owned by entrepreneur Valentin Tarus, has budgeted RON621.5 million turnover in 2022, up 30% on the year.
Building company Drum Asfalt of Bihor, owned by Floare Petroi, has EUR1 million investments underway by yearend, with the money set to be directed to work equipment and personnel.19735 items