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Streaming platforms (Netflix, Disney + and Amazon Prime) target investments of $230 billion in video content in 2022 to benefit from the increases estimated for these services in the coming years and to retain clients and attract new ones, on an increasingly competitive market, as per an analysis by the strategy+business publication of the PwC network.
France's Orange Group, one of the biggest players in the global communications market, has asked Greece’s OTE to lower the final price for the majority stake in former fixed-line monopoly Romtelecom (Telekom Fix) by EUR24 million, a document OTE sent to investors says.
Fintech company Degethal, established in 2021 by Alin George Luca, Cristian Mateescu and Peter Barta, has concluded an agreement with Austria’s investment fund Valuex ALUEX for gradual funding of up to EUR50 million over the next two years.
The supply of remote jobs on the local market has increased in the last two weeks to 7.7% from 5%. After a long period of time, the first three regional cities - Cluj-Napoca, Timisoara and Brasov – are no longer able to surpass or match the supply of jobs in capital city Bucharest, in line with data from eJobs Romania.
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 surged to 4.36% a year on Friday (March 11, 2022), from 4.35% a year on Thursday (March 10), in line with central bank data.
From the end of February 2020, when the first case of coronavirus was recorded in Romania, and until the end of February 2022, the Romanian capital market increased by 55% when looking at the BET-TR index, which includes dividends, and by 39% when taking into account the BET index, as per a stock market report.
Brick Romania, a local DIY and home improvement retailer of Constanta, will open the fifth store of the network next week, in Satu Mare, with this being the first project carried out in western Romania, in the wake of a EUR4 million investment.
Passenger car registrations rose by 39.5% in the first two months of 2022 against 2021, according to data from Automotive Manufacturers and Importers Association (APIA). EVs posted an 84.9% increase, holding a 17.4% market share.
Antrepreneur Adrian Badescu, owner of Medici’s clinics of Timispara, expects the hospital he’s building in the center of Timisoara to treat the first patients in mid-2023.
eMAG, the largest online retailer in Romania, has started construction of a more than 100,000-square-meter logistics center in Hungary, where it merged with Extreme Digital in 2019.
In the fourth quarter of 2021, seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.
Romania's finance ministry on Thursday (March 10) raised RON817 million (EUR165.3 million), selling treasury bills and bonds maturing in April 2022 and July 2029, at annual average yields of 4.38% and 6.49%, respectively.
Romania’s Competition Council has started an inquiry into fuel price hikes, saying it is monitoring the fuel market and arguing that prices has increased too much unreasonably.
Visual Fan (ALW.RO), a company listed on the Bucharest Stock Exchange and owner of the Allview brand, on Thursday said it ended 2021 with a net profit of RON8.5 million, up over 20% from 2020, and a turnover of over RON121 million, up nearly 17% on the year.
The Romanian Government has approved a series of derogations from the immigration legislation in order to allow Ukrainian citizens to work in Romania without the need to obtain a work permit and a long-stay visa.
TEILOR, the chain of luxury jewelry stores present across the CEE region, has appointed Roxana Achim as Head of Design & Project Management, on a group level.
Promateris (PPLRO), a Romanian industrial group and leader in Central and Eastern Europe (CEE) region in producing biodegradable and compostable packaging, estimates for 2022 revenues of RON236.1 million (EUR47.7 million), EBITDA of RON36.2 million (EUR7.3 million) and a net profit of RON21.5 million (EUR4.3 million), in line with a stock market report.
The European Investment Bank (EIB) Group provided EUR907 million in 2021 for new investments across Romania.
Aquila (AQ.RO), the largest player on the consumer goods distribution market with over 26 years of experience, has been included in the main index BET and in BET-TR, the total return version of BET, the Bucharest Stock Exchange announced on Thursday.
Net investments in the Romanian economy grew 2.1% in 2021 compared with 2020, to RON120.148 billion, data from the country's statistics board showed Thursday.19058 items