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Shareholders of Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, on Friday approved a new Board of Directors, with mandates until May 30, 2023, and a monthly remuneration of EUR4000 for each member.
Shareholders of Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, on Friday approved the distribution of a gross dividend of RON0.9021 per share, with the total amount reaching RON35 million, from the undistributed profit of 2020.
Agroland Agribusiness (AAB.RO), part of the Agroland Group and specialized in the sale of inputs for conventional and organic agriculture, targets net sales of RON47.9 million, an EBITDA of RON4.2 million and a net profit of RON3.3 million at the end of 2022.
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, grew to 3.19% a year on Monday (Feb 7) versus 3.11% a year on Friday (Feb 4), central bank data showed Monday.
The European Bank for Reconstruction and Development (EBRD) will guarantee up to 65% of each individual loan granted by Raiffeisen Bank to eligible clients and its commitment could reach up to EUR100 million under a risk-sharing agreement signed by the two lenders.
The International Investment Bank (IIB), founded in 1970 by several countries including Romania, reported a net profit of EUR7.9 million for 2021, up 8% on the year, mainly due to revenue growth from its core activity.
The number of real estate deals in Romania stood at 39,510 in January 2022, fewer by 34,919 than in December 2021, data from the national cadaster agency ANCPI showed Monday.
Intesa Sanpaolo Romania, the local subsidiary of Italian Intesa Sanpaolo Group, reported a net profit of EUR2 million and a pre-tax profit of EUR5 million, in line with data released by Intesa Group.
Management solutions and BPO service provider Sykes Enterprises Eastern Europe, part of US Sykes group, has 70 jobs available at its Cluj-Napoca office.
Electroglobal Cluj, a supplier of electrical solutions and equipment for industrial automation and lighting systems, controlled by Radu Ciorba jointly with Maksay Csaba, has budgeted investment to boost production and logistic capacity in 2022.
Francois Coste, CEO of Groupama Asigurari says he expects 2022 to be a year of sustainable growth for the company, as well as a year to strengthen the good results generated in 2021. The company will continue to focus on developing its business lines.
Simion Prunean, manager of Grand Hotel Italia, the five-star hotel of Cluj part of Italy’s chain Select Hotels Group, says he hopes for a better year and has budgeted 18-20% higher turnover than last year’s.
Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, is seeking spaces for new openings outside Bucharest, in Alba Iulia, Galati, Bacau, Targu-Mures and Bistrita.
Stanleybet Capital, a holding company that integrates and coordinates a network of sports betting agencies and slot machines, gambling halls and online gambling platforms, debuted on Friday (Feb 4) at the Bucharest Stock Exchange with its first issue of bonds worth RON20 million.
International rating agency Fitch Ratings has revised Garanti Bank S.A.’s (GBR) Outlook to Stable from Negative, while affirming the Romanian bank’s Long-Term Issuer Default Rating (IDR) at ‘BB-‘ and Viability Rating (VR) at ‘bb-‘, in line with data from the bank’s representatives.
Romania's finance ministry will be launching three new bond issues for the general population on February 7, 2022, which can be subscribed until September 24.
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, spiked to 3.11% a year on Friday (Feb 4) versus 3.05% a year over the last two weeks, except the level of 3.06% a year reached on Jan 26, central bank data showed Friday.
Romanian software development company TARA Interactive, with 20 employees in Bucharest and ten in Chisinau, expects to end 2022 with a turnover of nearly RON8 million, double from over RON4 million in 2021, according to company representatives.
The company Masterbuild, general contractor & developer, plans to invest EUR20 million in a logistics park of over 16,000 square meters north of Bucharest, in Butimanu – Dambovita area, with direct access to national road DN1A, according to company officials.
Techcelerator, the most active accelerator for technology startups in Romania, has selected ten startups from five countries - Bulgaria, Grecia, Romania, UK and Armenia – for the second edition of the NEXT FinTech acceleration program.19029 items