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Romania’s Competition Council has approved the transaction whereby life and health insurer Signal Iduna Asigurare Reasigurare SA is acquiring insurance companies Ergo Asigurari SA and Ergo Asigurari de Viata SA.
GreenWEEE International, market leader in the industry of electrical and electronic waste recycling, on Wednesday (Nov 10) announced plans for the third recycling plant.
The unemployment rate in capital Bucharest stood at 1.17% at end-September 2021, lower by 0.85 percentage points compared with 1.18% in August 2021, data from Bucharest’s employment agency showed Wednesday.
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 2.55% a year on Wednesday (November 10) from 2.48% a year on Tuesday (Nov 9), per central bank data.
Romania's annual inflation rate kept its upward trend in October 2021, climbing to 7.9%, higher than 6.3% in September 2021, data from the country's statistics board showed Wednesday.
Morphosis Capital, a private equity fund with EUR50 million subscribed in Romanian SMEs, announced it clinched the investment in Cronos Med, in the wake of which it will forge a partnership with Constantin Stan, founder of the medical aesthetics clinics, and Andreea Berecleanu, a minority stakeholder, with a view to expanding the business.
Photo and video equipment retailer F64 is actively seeking an investor that should grasp the importance of a niche player and help it grow at a faster pace, explained Marian Alecsiu, founder of F64.
Valentin Morar, founder and a stakeholder in Wallberg real estate developer, further banks on Timisoara and Brasov and wants to enter Bucharest’s housing market and also the logistic segment.
Constantin Dulute, one of the most powerful Romanian entrepreneurs, known for his agricultural businesses, who now owns Vinicola Averesti business, plans to operate 50% of wine sales abroad in the coming years.
Vlad Alexandru and Cristina Sucu, two entrepreneurs owning two play spaces in Bucharest under the name of Kiddo Smartplay, are set to open the third such space, under the name of Hype Arena by Kiddo.
Romanian software developer TARA Interactive seeks to double the number of employees by mid 2022 and plans to hire 30 people for its Bucharest and Chisinau offices, the company said in a release.
Electric and hybrid car registrations reached 20.5% of the total new cars in October, data from the Automotive Manufacturers and Importers Association (APIA) show.
Autonet Group Holding (AGH), part of Switzerland’s Swiss Automotive Group (SAG), has started construction works at its new robotized distribution center located in Moldovenesti, close to the town of Turda (Cluj County), within an investment of EUR30 million.
Romania may record an increase of just 0.7% in sales of new passenger cars and light commercial vehicles (LCVs) in 2021, with 142,000 units sold, per an Autofacts report carried out by the PwC network at European level, based on IHS Markit data, but sales in the medium term could surpass the 2019 record.
Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said in a stock market report on Tuesday that it acquired a bundle of assets from Romanian coal and power producer CET Govora at a tender held by the latter on November 8, 2021.
Romania's central bank on Tuesday (November 9) raised its benchmark interest rate to 1.75% a year from 1.5% a year, starting November 10, 2021.
Romania’s Competition Council is putting up for public debate the proposals of commitments submitted by on-demand delivery platform Glovo in order to eliminate antitrust issues found in the context of the acquisition of Foodpanda and Delivery Hero.
A new hotel of the Double Tree chain will open in Brasov in 2023. The hotel will have a capacity of 150 rooms and require EUR21 million investment, Mircea Draghici, managing director of ESH Hospitality Consulting said at a ZF conference, organized in partnership with Bucharest Real Estate Club (BREC) on Tuesday.
Investments into property in Central & Eastern Europe (CEE) for H1 2021 were down by a whopping 22% compared to the same period a year earlier, which may come as no surprise, given the immense economic repercussions of the COVID-19 international health crisis on most sectors, according to KPMG.
McKinsey Global Institute estimates in a report that better health could add $26 billion to the Romanian economy by 2040, a 9% boost to GDP that translates into 0.4% faster growth every year.19710 items