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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, returned to growth on Friday (Oct 22) after stagnating over the last two days, and rose to 2.29% a year, per central bank data.
Rosendahl Nextrom, the domestic arm of Rosendahl Nextrom GmbH Austria, part of Austria’s group Knill Gruppe, in 2020 posted turnover worth RON12.7 million (EUR2.6 million), down 64% year-on-year.
Romania’s environmental protection expenditure stood at RON15.7 billion in 2020, or nearly 1.5% of the gross domestic product (GDP), with the bulk of the amount going into waste management, data from the country’s statistics board INS showed Friday.
Romania’s dermocosmetics producer Ivatherm will end this year with turnover worth around RON26 million, after an increase of about 20% from last year.
Romania’s state-owned passenger railway carrier CFR Calatori reached revenues worth RON1.8 billion in 2020, down 14% year-on-year, while losses more than doubled against 2019, to RON354 million.
Romanian tourists’ massive shift toward the domestic hospitality industry amid pandemic restrictions is turning into a rare opportunity to invest in this field, says Dragos Petrescu, founder of City Grill, Romania’s biggest entrepreneurial business in the restaurant field.
The European Bank for Reconstruction and Development (EBRD has invested RON75 million in the RON500 million bond issue of Banca Comerciala Romana (BCR), ZF has found.
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) announced in a stock market report that the company’s shareholders approved at their meeting on Thursday (October 21) a new structure of the Board of Directors effective October 24, 2021.
A 12.9% annual global rate of decarbonization is now required to limit warming to 1.5°C. In 2020 the rate of global decarbonization - the reduction in carbon intensity or energy-related CO2 emissions per dollar of GDP - was 2.5%.
Romania's finance ministry on Thursday raised RON1.16 billion, almost double the targeted amount of RON600 million, selling bonds maturing in June 2026 at an average yield of 4.48%, central bank data showed.
Romania’s largest online retailer eMAG on Thursday launched Freshful by eMAG, a new online hypermarket with fast delivery of fresh products, following a EUR5 million investment in technology, operations and a refrigerated warehouse.
NEPI Residential, the new residential division of NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, obtained the building permit and will start the construction of Vulcan Residence, the first apartment complex in its portfolio, located in Bucharest’s 13 Septembrie area.
Startup Druid, founded in 2018 by local entrepreneur Liviu Dragan, on Thursday announced a fivefold increase in the monthly recurring revenue and $2.3 million annual recurring revenue at end-September 2021, amid demand on the market of Conversational Artificial Intelligence products.
Cigarette producer BAT contributed RON7.8 billion to Romania’s state budget in the first nine months of 2021, 13% more than in the year-earlier period.
Belgium-held logistic space developer WDP, one of Romania’s most dynamic investors on this market, bought a land plot of more than 60,000 square meters in Timisoara (western Romania) for a future development.
Cattle farm Agroindaf Afumati reached turnover worth RON6.7 million in 2020, slightly higher than in 2019, and net profit of RON860,000, almost half the 2019 level, in line with Finance Ministry data.
Ionut Dumitrescu, founder of Element Industrial, and Sacha Dragic, founder of Superbet, will seal a partnership to develop the ELI Parks logistics park network . Also involved is Anca Damour, former Carrefour executive board member, with a 19-year experience in the real estate and retail sectors.
Do-it-yourself retailer Dedeman, the biggest Romanian entrepreneurial company by turnover, leads in the ranking of Southeastern Europe profits, with a net gain of almost EUR300 million in 2020, shows SEE Top 100 ranking by Seenews, a Sofia-based business news provider.
Romania ranks fifth among European Union Member States regarding the annual inflation rate, with consumer prices increasing by 5.2% in September 2021 compared to September 2020, based on the Harmonized Index of Consumer Prices (HICP), according to Eurostat data.19710 items