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Consumer goods sales rose by 13% in the summer of 2021 against the same months of last year. Bucharest and Ilfov posted half this pace, reveals an analysis by RetailZoom market research firm.
Real estate developer Akcent Development plans to carry out investments on several already acquired land plots, both in district 1 and district 6 of Bucharest.
DGH Log & Sped forwarding company, one of the biggest domestically, posted two-digit turnover growth in the first nine months of this year and estimates it will end 2021 with an increase of around 18%, according to the company’s officials.
Cluj-Napoca-based cigarette wholesaler Punctual Comimpex, owned by entrepreneur Vasile Muresan, in the first half of this year posted turnover worth RON396.6 million (EUR80.1 million), up 24% from the year-earlier period.
McDonald’s posted almost EUR110 million revenue in the first half, an increase of 38% on the year-ago period.
Metropolitan Life, the second largest life insurer in Romania, posted RON255.9 milion gross written premiums in the first half, an increase of 31% on the RON195.2 million of the year-ago period.
NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, has obtained the building permit for the residential project to be developed in the vicinity of the Vulcan Value Center, in Bucharest’s 13 Septembrie area.
Ileana Damian took over the position of Chief Operations Officer of insurance company Generali Romania, the local division of Italy’s Generali Group, starting with October 13, 2021.
Scandia Food, the largest canned food companies in Romania, is entering a new market segment by acquiring a factory manufacturing frozen meat-based food products, which will be incorporated under the new entity Scandia Food Frozen.
Pharmaceutical company Eli Lilly has extended the lease contract for office space in Bucharest Business Park (BBP), a project held by CA Immo in north-western Bucharest.
The volume of commercial real estate deals, which include office, retail, industrial and logistical projects and hotels, reached as much as EUR570 million in the first nine months of 2021, lower by 29% than the EUR890 million level reported in the same period in 2020, per a survey by real estate consulting firm JLL.
Real estate consulting company Colliers marks 25 years of presence on the Romanian market by transforming its head office and implementing the WELL Health-Safety standard, the newest building rating system introduced by the International WELL Building Institute (IWBI) in the context of health challenges such as the Covid-19 pandemic.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend on Wednesday (October 13) and reached 2.13% a year, from 2.11% a year on Tuesday (October 12).
Romania’s industrial production increased by 12.7% in unadjusted data in January-August 2021 compared to the same period in 2020, and by 13.1% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Wednesday.
BRD Pensii, which manages private pension fund BRD Pensii, joined the shareholding structure of Romania's nuclear power producer Nuclearelectrica (SNN.RO) through an investment worth nearly RON15 million at end-June 2021, per data from the half-year financial report.
Tech startup Pluria, launched in September 2020 by entrepreneur Andrei Cretu, the co-founder of 7card network, launched the application on the markets of Spain and Columbia
Dr. Fischer Dental, the leading producer on Romania’s dental works market, controlled by doctor Antoaneta Fischer, is readying to list on the AeRo market of the Bucharest Stock Exchange by end-2021 through a private stock placement.
Romanian state-owned airline Tarom in this period operates at half the capacity registered in the same period of 2019, according to its representatives. Low demand comes amid as Romania is coping with the fourth wave of the pandemic.
Oltina Impex Prod Com, a major Romanian-owned company in the milling and bakery industry, in 2020 posted turnover worth RON499.4 million (EUR103.6 million), 17% higher than in 2019, in line with Finance Ministry data.
Sporting goods retailer Hervis Romania in 2020 generated turnover worth RON234 million, 7% lower than in 2019. In 2020, non-essential physical stores shut down for several months, so that fashion, sporting goods or cosmetics retailers relied only on the online segment during that period.18957 items