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The volume of Romanian construction works decreased, in unadjusted data, by 5.8%, in August 2021 compared to August 2021, and by 5.2% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Friday.
Nicoleta Munteanu, founder and main stakeholder in EuroinSol, in 2020 launched Kids in Business, an entrepreneurial education project so far accessed by over 1,500 primary school pupils of private and public schools.
French-owned Axeria, headquartered in Lyon, plans to enter Romania’s RCA (auto liability insurance) market.
Domestic company Yellow Restaurant, managing under the Yellow.Menu brand a virtual restaurant selling its own dishes through an online platform, has recently launched two new services especially targeting the B2B segment.
Dacia and Ford car plants are constantly adjusting production depending on chip supplies, and new halts are scheduled in the coming weeks.
Compania Hoteliera Intercontinental, the company managing Bucharest’s five-star hotel of the same name, ended 2020 with 80% lower revenues on the year and for this year forecasts a 60% drop against the 2019 level.
Belgium-held Etex Building Performance, which owns building materials maker Siniat, is set to invest EUR10 million in the next two years to boost its production capacities and develop new products, explained Andrei Popa, country sales manager Romania & SEE region with Siniat/Etex Building Performance.
Romania needs to invest EUR23 billion in the energy sector to comply with the Integrated National Energy and Climate Plan (INECP) as undertaken before the European Commission.
Raffaello Shoes Factory, the largest footwear manufacturer in Romania, posted RON263.3 million (EUR54.6 million) revenue in 2020, a decline of 15% on the ROIN311.3 million (EUR65.7 million) of 2019, Finance Ministry data show.
Romania’s Finance Ministry has reopened a bond issue due in 2030 and raised RON600 million from banks on Thursday, as much as scheduled, at a yearly yield of 4.93%.
ACT si Politon publishing house posted more than RON2.5 million sales in the first half, an increase of 10% on the year-ago period, after having launched 27 new titles, 18 of which as audiobooks, too.
Romania’s current account balance ended January-August 2021 with an EUR10.1 billion deficit, 55% higher than the EUR6.5 billion in January-August 2020, Romania’s central bank data show.
Domestic company ABN Systems International, owner of Tellur brand and an integrator and distributor of electronic equipment and telecom accessories, wants to boost its exports and enter new markets, such as India, Turkey, Middle East countries and the former URSS, next year.
Romania’s total external debt increased by EUR8.4 billion to EUR135.2 billion in January-August 2021, of which direct public debt accounted for EUR60.7 billion, EUR3.46 billion more than at the end of last year, when it stood at EUR57.3 billion, Romania’s central bank data released on Thursday show.
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 Thursday (October 14) and reached 2.15% a year, from 2.13% a year on Wednesday (October 13).
The management board of Visual Fan (ALW.RO), the company that owns electronic devices brand Allview, approved the company’s share capital raise by RON550,000, via the issue of 5,555,500 new shares with a face value of RON0,1/share.
Tiriac Group used EUR3 million of its about EUR30 million investment budget for Tiriac Tower for projects intended to curb carbon emissions such as bike racks and lockers with showers for those choosing to commute to work by bike. It also installed nine EV quick charging stations.
AROBS Transilvania Software, a Romanian IT company controlled by entrepreneur Voicu Oprean of Cluj, announced it plans to list on the AeRO market of the Bucharest Stock Exchange (BSE).
Furniture retailer Mobexpert, controlled by entrepreneur Dan Sucu, in 2021 started to open smaller stores with which it wants to cover major cities outside Bucharest.18957 items