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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, grew to 2.40% a year on Thursday (November 4) after staying put at 2.36% a year over the last four days, per central bank data.
Romanian property restitution fund Fondul Proprietatea (FP.RO) is summoning its shareholders on December 15 – mostly Pillar II (mandatory) private pension funds – to approve a share buyback program worth maximum RON2 billion and a special dividend of RON0.06 per share.
Teilor Holding, the group of companies including luxury jewelry chain Teilor, Teilor Invest Exchange and Invest Intermed GF IFN, plans to carry out by yearend a private corporate bond placement on the AeRO market of the Bucharest Stock Exchange, with a value put at RON45 million.
BRD-Societe Generale ended the first nine months of 2021 with net banking income worth RON2.3 billion, up 1.2% from the same period of 2020, and RON920 million profit, up 25%.
Chocolate producer Kandia Dulce posted turnover worth almost RON140 million in 2020 and aims for an increase of around 16% in 2021.
Romania’s largest online retailer eMAG plans new logistics investment and it also targets regional centers that should reduce delivery times nationwide.
Wine maker Avincis, of Dragasani vineyard area, expects 20% higher turnover this year against 2020, even as this year has still been marked by pandemic-related uncertainty.
Logistics and international freight transport group Alexander in Arad is aiming for EUR200 million revenue in 2021.
Grain and oilseeds trader Soufflet Agro Romania posted RON217.9 million (EUR45.2 million) revenue in 2020, 40% lower than the RON362 million (EUR76.4 million) revenue of 2019, Finance Ministry data show.
Almost a month after the start of deliveries, Dacia’s Spring all-electric electric model has reached its first 1,000 customers in Romania, carmaker Dacia said in a press statement.
Slatina-based Delta Aluminiu, a Romanian producer of industrial profiles and aluminum systems, has contracted a loan of RON20 million from state-run lender CEC Bank to support its current activity.
Precast concrete product maker ASA CONS in Turda posted about EUR12 million revenue in the first half, an increase of 14% on the year-ago period, the company said.
Electrica (EL.RO), one of the main actors on the energy supply and distribution market in Romania, has signed a RON750 million loan agreement with Erste Group Bank and Raiffeisen Bank Romania, the company announced.
Real estate developer One United Properties has opened a sales center within the One Floreasca City mixed-use project, which is the main sales office for all the company’s projects finalized and under development.
Mailing services company Pink Post, held by businessman Octavian Radu, is acquiring the first batch of ten electric vehicles worth EUR400,000 for the operations it conducts in capital Bucharest, the company said in a statement Wednesday.
Roofing systems producer Bramac Sisteme de Învelitori has changed its name to BMI Romania Sisteme de Învelitori to reflect its affiliation to BMI Group.
The Executive Board of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) decided in its meeting of November 2 to appoint Aristotel Marius Jude to the position of Chief Executive Officer (CEO) for a new provisional mandate of four months, from December 15, 2021 to April 15, 2022.
Romania's seasonally adjusted unemployment rate decreased by 0.2 percentage points to 5% in September 2021, from 5.2% in August 2021, data from the country's statistics board INS showed Wednesday.
Chemical producer Chimcomplex Borzesti (CHOB.RO) posted total revenues of RON1.8 billion in the first nine months of 2021, from RON816 million in the same period of 2020, and switched to net profit of RON422 million in January-September 2021, compared with RON39 million losses at the end of September 2020.
Raiffeisen Bank registered net profit worth RON645 million in the first nine months of 2021, 11% higher than in the same period of 2020.18981 items