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The Bucharest Stock Exchange said in its financial report on Thursday that its net profit stood at RON5.53 million in the first nine months of 2021, down 37% from RON8.76 million in the year-earlier period, with a net margin of 30%.
Romania’s central bank has revised upwards its annual inflation forecast expecting a rate of 7.5% in December 2021, higher by 1.9 percentage points than the level anticipated in August, the bank said it its November Inflation Report released Thursday (Nov 11).
Agricultural company Agroland Agribusiness (AAB.RO), part of Agroland Group, on Thursday reported operating revenue of RON22.2 million for the first nine months of 2021, up 53% on the year, and a net profit of RON1.2 million, compared with RON282,317 in January-September 2020, per a stock market report.
The average net salary in Romania increased by 0.9% in nominal terms in September 2021 compared with August 2021, to 3,517 lei (EUR710.6), data from the country's statistics board showed Thursday.
Romania’s medtech startup Medicai wants to go abroad through a partnership with Microsoft.
Around 280,000 square meters of offices are under construction in capital Bucharest, an area fit for around 18,000 corporate employees taking into account a 15-square meter average per employee, compared with ten square meters before the Covid-19 pandemic.
Integrated mobility services provider Autonom Services, controlled by brothers Marius and Dan Stefan, is readying a bond issue worth as much as EUR50 million, with a five-year maturity, according to several ZF sources.
Suceava-based Dorna Medical, one of the five most dynamic companies in the healthcare sector, wants to grow by over 10% in 2021, which would take the company’s turnover to more than RON45 million this year, in line with ZF calculations.
Radisson Blu Brasov hotel, developed by RaRa Hotels, part of RaRa Group controlled by Ramona Neamtu and Razvan Neamtu, is set to open in the first quarter of 2021, according to the hotel’s representatives.
Germany’s Allianz group, present in Romania through insurer Allianz-Tiriac, ended the first nine months of 2021 with EUR7.26 billion revenues, 38.9% higher than in the same period of 2020, and operating profit of EUR9.9 billion, up 27.2%.
2021 will bring a turnover decline for Interstar Chim against the first pandemic year, as disinfectant demand declined, but the figure will go beyond the level of 2019, the last year before the pandemic.
Italy’s Enel, one of the biggest players on the domestic energy supply and distribution market with 3 million clients, in the first nine months of 2021 reached revenues of almost EUR1.1 billion, up 6% from the year-earlier period.
The revenue of pharmaceutical company Antibiotice Iasi stood at RON245 million in January-September, an increase of 21% on the year-ago period, its report to the Bucharest Stock Exchange shows.
Chimcomplex (CHOB.RO) shareholders on November 9 approved the allocation of RON60 million in gross amount as interim dividends, the company notified the Bucharest Stock Exchange. The amount will be adjusted once the yearly financial statement has been approved.
Romcab Targu-Mures (MCAB.RO) on Wednesday notified the Bucharest Stock Exchange that Romania’s Financial Supervisory Authority (ASF) had approved the mandatory tender offer by Sadalbari SRL, which owns 69% in the fiber optical cable manufacturer.
Law firm Stratulat Albulescu is extending its Real Estate Practice with the appointment of Managing Associate Manuela Iurascu and Associate Irina Caragea.
The Bucharest Stock Exchange on Wednesday said the pre-emptive rights issued for the share capital increase carried out by Safetech Innovations (SAFE.RO) will start trading on Friday (November 12) under the ticker symbol SAFERO1.
New office project deliveries in capital Bucharest totaled 132,200 square meters between July and September 2021, the highest quarterly value ever recorded on the local market. In Jan-Sept 2021, the volume of new office spaces finalized stood at 178,200 sqm, per data from real estate consulting firm Cushman & Wakefield Echinox.
Romanians are inclined to tend to buy more online amid the restrictions and social behavior changes triggered by the COVID-19 pandemic, according to the Google “Smart Shopper” survey conducted in summer 2021.19710 items