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Bucharest underground system operator Metrorex has signed a contract of EUR1.2 billion with a Turkish consortium made up of Alsim Alarko and MAKYOL for the construction of a 6.6-km subway section of the sixth mainline (M6) that will link capital city Bucharest with the Henri Coanda (Otopeni) international airport, according to company officials.
Fitch Ratings has assigned Romania-based CEC Bank S.A. (CEC) a Long-Term Issuer Default Rating (IDR) of ‘BB’ with Stable Outlook, Viability Rating (VR) of ‘bb’ and Government Support Rating (GSR) of ‘b’.
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, reported RON58.7 million operating revenue in 2021, up 40% on the year, and net profit worth RON6.1 million, 55% higher than in 2020.
Private healthcare operator MedLife reported RON1.4 billion turnover in 2021, up 33% against the previous year.
Lazar group, specialized in freight transportation, controlled by entrepreneur Ion Lazar, plans to invest EUR11 million this year.
Romanian paint and coatings producer Sarcom, part of ROCA Industry holding, plans to boost its production and logistic capacities in the coming period and will bring more workers from Asia to meet rising demand.
Seventy percent of Gastronom Buzau (GAOY.RO), a company that leases commercial space, changed hands in a transaction in which Transilvania Investments Alliance (formerly SIF3) sold its stake on Tuesday.
IT company AROBS Transilvania (AROBS.RO) on Tuesday secured approval from its shareholders to increase the share capital by RON46 million to RON91 million by issuing bonus shares.
The Romanian postal and courier services market reported a turnover higher by 19% compared to 2019 and exceeded the 2011 level by 136%, reaching RON6.4 billion in 2020, according to the latest KeysFin analysis.
Iasi-based medical group Arcadia, which operates several clinics and a hospital, invested EUR11 million in 2021 in developing and equipping its medical units.
Chief Marketing Officers (CMOs) around the world are looking to hire talent with more analytical skills, according to the Deloitte 2022 Global Marketing Trends report.
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 grown to 4.31% a year on Tuesday (March 8, 2022), from 4.25% on Monday (March 7), in line with central bank data.
Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, on Tuesday said it ended 2021 with profit before tax of EUR511.3 million, higher by 47.8% against 2020, in line with data provided by VIG officials.
Romania's gross domestic product (GDP) grew 5.9% in real terms (in unadjusted data) in 2021 compared to 2020, the country’s statistics board INS said on Tuesday (March 8).
Wine producer Purcari, with vineyards and wineries in Romania and the Republic of Moldova, announced at the Bucharest Stock Exchange its activity has not been significantly disrupted by the crisis generated by the conflict in Ukraine and that it will continue to assess the financial impact, as well as the risks and uncertainties related to the war over its business activity.
Tema Energy, a provider of technology for data centers, wants to increase its turnover by 10%-15% annually in the next five-ten years.
Delia Dinu, COO of online supermarket Sezamo, said the company has expansion plans and once it stabilizes in Bucharest, it will expand to other cities with potential.
UniCredit Bank Romania, controlled by the Italian group of the same name, decided to pay out dividends of around RON583.9 million (EUR117 million) to shareholders for 2021 financial year, accounting for about 91.3% of last year’s profit.
Romanian dermocosmetics producer Ivatherm has found new partners in Iraq and UAE amid the war in Ukraine.
German masonry block manufacturer Xella, present on the local market, plans to expand its production in Romania and will make investments to this end.19725 items