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Romanian state-run lender CEC Bank on Monday reported a preliminary net profit of RON332.4 million, up 21.2% from the year-earlier period.
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 2.45% a year on Monday (November 8) from 2.43% a year on Friday (Nov 5), per central bank data.
OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, registered consolidated profit after tax worth RON14 million in the first nine months of 2021, down 65% from the year-earlier level, amid 23% higher operating expenditures.
Turism Covasna (TUAA.RO), a company managing Covasna, Cerbul and Caprioara hotels of Covasna, ended the third quarter of 2021 with turnover worth RON11.54 million, up 92.2% from the year-earlier period.
2021 has been the best year so far in the two-decade history of flower shop chain Magnolia as Romanians continued to send flowers to loved ones as a way to connect during the pandemic, explained Gabriel Molnar, Magnolia founder.
Travel agency Happy Tour, one of the biggest players on the market, in the first nine months of this year registered EUR12 million turnover, matching the entire 2020 level and expects to reach the EUR15-16 million threshold by yearend.
Italy’s group Erilon, a provider of state-of-the-art farm solutions, wants to enter the Romanian market, as well as neighboring countries, such as Hungary, Serbia or Poland.
Belgium’s bakery group La Lorraine has invested over EUR70 million in the first two phases of the new plant in Campia Turzii and is set to invest another EUR60-70 million in the next phase.
Fashion Days, Romania’s biggest online fashion retailer, owned by eMAG group, in 2021 banks on RON650 million revenues on the domestic market, up around 20-25% higher than in 2020, as e-commerce continued to boom on the apparel, footwear and fashion accessories segment amid the pandemic.
Furniture and home decor retail chain Homelux has opened a new store in Ploiesti, in the Mercur Shopping Center, on Friday.
Sensiblu, the second largest pharmacy chain in Romania, has secured the approval of the Competition Council to take over 23 Optifarm pharmacies.
Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified the Bucharest Stock Exchange that at the United Nations Conference on Climate Change (COP26), U.S. Secretary of Energy Jennifer M. Granholm and Romania’s Minister of Energy, Virgil Popescu, announced NuScale Power and Nuclearelectrica signed an agreement to implement the NuScale’s innovative small modular reactor technology.
emz, a producer of electrical home appliances and environmental technology headquartered in Nabburg, Bavaria, is poised to set up an around 3,000-sqm production unit in Resita industrial park.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken before May 2019 rose 2.43% a year on Friday (November 5) from the 2.40% on Thursday.
Romania retail turnover, the main barometer for private consumption, in the first nine months of this year rose by 11.9% as gross series from the same period of last year, amid rising sales of non-food items (17.6%), fuel (11.8%) and food, beverages and tobacco (6%), in line with National Statistics data.
Dedeman, one of the biggest players on the regional DIY market, but with operations only on the domestic market, wants to resume talks about regional expansion after having covered almost all domestic counties.
Romania’s outsourcing industry can reach 208,000 employees in 2022, after an almost 17% increase, namely 30,000 persons, in line with data provided by the Association of Business Service Leaders in Romania (ABSL).
Intesa Sanpaolo Romania, the domestic subsidiary of the Italian bank of the same name, for the first nine months of 2021 reported revenues worth EUR29 million, down 5.2% against the same period of 2020.
Real estate developer PSC Group, controlled by Cristi Pascu, is seeking land plots in northern Bucharest and partners to launch a large project that could include over 10,000 housing units and elements such as kindergartens, schools or commercial units in its final stage, explained Irina Stoenescu, PSC Group vice-president.
Private cleaning services provider Deziclean has reached annual turnover worth EUR6 million with over 600 employees.19710 items