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Mobile phone, tablet and accessories distributor Phonetastic GSM ended the first nine months of 2021 with a turnover of RON210 million, up 23% from the same period of 2020, amid higher sales of mobile phones, wearables, gadgets and smart devices.
The Bucharest Stock Exchange on Tuesday said the bonds issued by Ocean Credit IFN, in the amount of EUR1.86 million, will start trading on the Multilateral Trading System, under the ticker symbol OCIFN26E, on Wednesday, November 3, 2021.
Romanian BCR Group, owned by Austria's Erste, posted a net profit attributable to the majority shareholder of EUR195 million in the first nine months of 2021, up 38% year-over-year, Erste said in its earnings report Tuesday.
Bebe Tei, a brand part of Grupul Tei, opened a new store, in Bucuresti Mall-Vitan shopping center, reaching a network of five stores of this type.
Lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, on Tuesday reported net profit of RON1.14 billion (EUR232.5 million) for the first nine months of 2021, 35% higher than in the same period of 2020, due to improved operating performance and lower risk costs.
Genesis College took over the nursery franchise Kipina Kids in 2021, an education model using Finnish pedagogy. Genesis College founder Ioana Necula said the first nursery following this model would be opened in summer 2022.
Romania had 6,000 more accommodation places at end-July 2021, but the number is half the level in the same period of 2019, in line with statistical data.
Bus transporter FlixBus Romania saw the number of passengers slump by 74% in summer 2021 against the summer 2019, but passenger numbers doubled compared with summer 2020.
Carmen Pavel, the head of J’Info Tours travel agency, one of the biggest on the Romanian market, says travel circuits have come to generate even as much as 10-15% of the company’s turnover, while the business travel segment has collapsed.
Belgium-held logistic space developer WDP has invested EUR7 million in an 11,000-sqm industrial space it built for Sweden’s plastics producer Rosti, The building is located in Paulesti locality, near the city of Ploiesti, and was delivered in the second quarter of 2021.
Modern retail stores in Bucharest generated sales of RON16.6 billion to RON18 billion or 22% to 24% of the total sales of the ten international networks in the country last year, ZF has found from the data supplied by retailers and from market data.
At least ten DIY stores should open in Romania soon if the retailers go ahead with the plans they announced.
ROCA Investments, part of Impetum Group, has acquired an additional stake of 30% in fiber glass producer BICO Industries, reaching an ownership interest of 60%.
Romania’s Finance Ministry has reopened a bond issue due in 2030 and raised RON600 million from banks on Monday (November 1), at an annual yield of 4.93%.
The Bucharest Stock Exchange on Monday said the bonds issued by Chronostyle International, the company that operates the Cellini stores, would start trading on Tuesday, November 2, 2021.
Gregor Roy Chowdhury has acquired the majority stake in apparel manufacturer Secuiana, which has been held so far by multiple shareholders: private individuals and current and former company employees.
Romania's foreign exchange reserves fell to EUR39.8 billion in October 2021, lower by EUR1.37 billion than in September 2021, central bank data showed Monday.
NN Romania, one of the leading players on the life insurance market and the private pension sector, on Monday said it would complement its loan insurance package with mortgage brokerage services based on a partnership with lender ING Bank.
Law firm Filip & Company has provided legal assistance to lender Banca Transilvania in finalizing the transaction for the acquisition of Idea::Bank, Idea::Leasing and Idea::Broker de Asigurare in Romania from Poland’s Getin Holding Group.
The number of card payment transactions surged 61% in June 2021 compared to June 2019, up to 327 million, from 203 million in the pre-pandemic year, while the value of transactions grew 60% up to RON41.4 billion at end-June 2021, compared to RON25.8 billion two years ago, per data from Dreptul La Banking (The Right to Banking) platform, based on central bank data.19710 items