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Romanian pharmaceutical company Biofarm Bucuresti (BIO.RO) on Wednesday said it registered an aggregate growth of 8% in turnover and of 15% in profit during 2017 – 2020 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, continued its upward trend on Wednesday (Oct 27) and grew to 2.34% a year, per central bank data.
Steel mill Liberty Galati (former Sidex Galati), the largest steel producer of integrated steel in Romania, has launched a series of projects to digitize and automate processes, ensuring the cyber monitoring and management of steel production, as well as improving the interaction with customers and employees.
Romanian engineering and technology firm Simtel Team, listed on the AeRo market of the Bucharest Stock Exchange, announced it acquired a 837,866-sqm industrial land plot in Giurgiu, where it is set to develop a large photovoltaic farm.
In a period when small entrepreneurs were among those who needed support the most, it was not just e-commerce that has come to the rescue. In the domestic retail market there have also been big players that decided to aid new businesses active in the production and services area.
Major shopping center developers and owners have new nationwide expansion plans, but are now hurt by rising energy costs and the falling purchasing power on the market is likely to hinder their business plans for the coming period. Thus, they’re seeking to make green energy investments.
Logistics operator KLG Europe Logistics plans to make investments to expand its hub network in Romania from nine to 20 units in the next five years, explained Daniel Radu, national transport manager with KLG Europe Logistics.
Simpa, one of the oldest bakery plants of Sibiu, majority held Maria Agarbicean (98%) and managed by Alexandru Agarbicean, is set to invest RON1.5 million in machinery to expand its activity.
Swedish-held private medical service provider Medicover Romania, the third largest private medical service providers in the country, said it would open four imaging centers inside its centers in the cities of Bucharest, Iasi, Constanta and Craiova in 2022.
Natural gas producer and supplier Romgaz (SNG.RO), the most valuable state-run company listed on the Bucharest Stock Exchange, on Tuesday evening announced after the end of the trading session the completion of the negotiations with US’ Exxon over buying the latter’s 50% stake in the Neptun Deep block in the Black Sea.
Investment fund Neogen Capital, owned by local entrepreneur Calin Fusu, is looking for Chief Investment Officer (CIO).
The net assets of the 233 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 3.2% in September 2021, to RON52.9 billion (EUR10.7 billion), and by 19% since the beginning of 2021, the Association of Fund Administrators said Tuesday.
Law firm KPMG Legal - Toncescu si Asociatii SPARL has expanded its team of partners to six by appointing Alexandru Mocanescu as new partner.
TeraPlast Group on Tuesday reported a net profit of RON43.3 million for January-September 2021, up 41% on the year, a performance that reflects both the volume increases and the efficiency of the activity.
Grup Serban Holding, a Romanian entrepreneurial company founded by Nicolae Serban, active in several fields in the agricultural sector, seeks to list on the AeRO market of the Bucharest Stock Exchange until the end of 2021 and to raise RON25 million through a private placement of shares in order to speed up expansion plans.
Telecom operator Orange Romania on Tuesday reported a turnover of EUR273 million for the third quarter of 2021, similar with the level recorded in the same period in 2020, and a slight increase in customer numbers (+1.75) up to 10.79 million, per financial data provided by French Orange Group.
Bucur Obor (BUCU.RO), the company that owns the Bucur Obor shopping center in capital Bucharest, on Tuesday said it ended the first nine months of 2021 with a turnover of RON25 million, up 9.82% on the year, and a net profit of RON8 million, up 13% on the year, per a stock market report.
Romanian real estate developer Impact Developer&Contractor has contracted a loan of EUR4 million from lender Libra Bank in order to refinance investments.
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, continued its upward trend on Tuesday (Oct 26) and grew to 2.33% a year, per central bank data.
Financial analysts expect the Romanian leu will depreciate to 5.0547 units to the euro in the next 12 months, while the annual inflation rate is seen at 5.01% during the same period, a monthly poll by CFA Romania showed Tuesday.19710 items