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TeraPlast Group on Tuesday reported a net profit of RON43.3 million for January-September 2021, up 41% on the year, a performance that reflects both the volume increases and the efficiency of the activity.
Grup Serban Holding, a Romanian entrepreneurial company founded by Nicolae Serban, active in several fields in the agricultural sector, seeks to list on the AeRO market of the Bucharest Stock Exchange until the end of 2021 and to raise RON25 million through a private placement of shares in order to speed up expansion plans.
Telecom operator Orange Romania on Tuesday reported a turnover of EUR273 million for the third quarter of 2021, similar with the level recorded in the same period in 2020, and a slight increase in customer numbers (+1.75) up to 10.79 million, per financial data provided by French Orange Group.
Bucur Obor (BUCU.RO), the company that owns the Bucur Obor shopping center in capital Bucharest, on Tuesday said it ended the first nine months of 2021 with a turnover of RON25 million, up 9.82% on the year, and a net profit of RON8 million, up 13% on the year, per a stock market report.
Romanian real estate developer Impact Developer&Contractor has contracted a loan of EUR4 million from lender Libra Bank in order to refinance investments.
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, continued its upward trend on Tuesday (Oct 26) and grew to 2.33% a year, per central bank data.
Financial analysts expect the Romanian leu will depreciate to 5.0547 units to the euro in the next 12 months, while the annual inflation rate is seen at 5.01% during the same period, a monthly poll by CFA Romania showed Tuesday.
Romania's general consolidated budget posted a deficit of RON44.29 billion in January-September 2021, or 3.77% of the gross domestic product, lower than RON67.27 billion, or 6.37% of GDP, in the first nine months of 2020, finance ministry data showed Tuesday.
Royal Hospital in 2020 generated turnover worth RON15.7 million, 23% higher than in the previous year. The hospital has 3,600 square meters and 50 beds.
The soaring building materials costs are being strongly felt in the agribusiness field as well, for investors have construction projects underway and are even likely to delay project completion, considers Calin Musca, owner of Porkprod, which is investing EUR10 million in an integrated production line.
Amid rising inflationary pressures, largely generated by the deepest energy crisis of recent years, but also by investors’ expectations that both Romania’s central bank and other central banks will start a more aggressive interest rate hike cycle, mutual funds have just witnessed the first withdrawals since August 2020.
Continental Hotels chain, one of the largest in Romania, with almost 2,000 rooms, has operated at a 49% average occupancy rate so far, compared with 72% in 2019, its best year ever, the chain’s officials say.
Romania could recover over 60% of the GDP (gross domestic product) loss caused by the COVID-19 pandemic and could generate approximately 1000 jobs per one million inhabitants, through investment projects in renewable energy, said Mihai Draghici, Director, Business Consulting at EY Romania.
Romania’s Competition Council has approved a transaction whereby Austria’s ALPLA Group, a world leader in the development, production and recycling of plastic packaging, acquires Wolf Plastics Verpackungen based in Austria and, indirectly, Wolf Plastics Ambalaje in Romania.
Lender Banca Comerciala Romana (BCR) has granted loans worth RON1.2 billion to entrepreneurs through the government's IMM Invest program for small and medium-sized enterprises (SMEs), until present, and was greenlighted to supplement the initial ceiling by an additional RON400 million.
Appraisal & Valuation (APP.RO), a company providing appraisal, consulting and real estate development services, on Monday said it appointed Gheorghe Dragne to run the company’s development division.
Private lending grew by 13.4% in nominal terms to RON314.5 billion in January-September 2021, compared to the same period in 2020, as local currency lending grew by 18.4% and foreign currency lending by 2.3% when expressed in lei, central bank data showed Monday.
The number of online card transactions processed by Netopia Payments grew 50% year-over-year in January-September 2021 and their total value grew surged nearly 55%, with an average 1.4 million online transactions processed monthly.
Craiova-based Softronic, the only factory in Eastern Europe manufacturing electric frames and locomotives, owned by four Romanian entrepreneurs, has contracted financing of EUR4.5 million from lender Garanti BBVA Romania for the construction of two electric locomotives.
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, continued its upward trend on Monday (Oct 25) and grew to 2.30% a year, per central bank data.18957 items