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Real estate consultant Colliers has appointed Victor Cosconel, the former CEO of Sodexo Bulgaria, Head of Industrial & Business Development, as of September, the company said.
Bucharest-based pharmaceutical company Slavia Pharm posted a slight increase in revenue, 3%, to RON38.8 million in 2020, Finance Ministry data show.
Cefin Trucks, importer and distributor of Ford Trucks in Romania, on Monday said it sold a total 2,000 trucks between May 2017 and July 2021, worth a total, EUR160 million, per calculations by ZF.
Time International, which had production facilities in Alexandria, Teleorman County in southern Romania, has switched to masks from textile production, the industry it started in 27 years ago.
Romanian company THR Marea Neagra (EFO.RO), which manages several accommodation units in seaside resorts of Eforie Nord, Eforie Sud, Venus, Saturn and Neptun, on Monday said its revenue plunged 70% on the year to RON6.3 million in the first half of 2021, per its first-half financial report.
Sales of retailer Kingfisher in Romania, where it owns do-it-yourself (DIY) Brico Dépôt stores, grew by 12.3% on the year in the second quarter of 2021, and by 27.4% on the year in the first quarter of 2021, per the latest financial report.
South Africa's real estate investment trust Fortress has acquired logistics park ELI Park 1, developed by Element Industrial and do-it-yourself (DIY) retailer Dedeman.
Roxana Maria Hidan, Deputy Chief Executive Officer of OTP Bank Romania, is taking over as head of the bank’s new Business Division, which includes the operating activities for private individual and legal entity clients, including microenterprises, small and medium-sized enterprises (SMEs) and corporations.
The Romanian leu dropped to a new all-time low against the euro on Friday (September 3), as the central bank average reference rate stood at 4.9416 lei to the European currency.
“All my career I’ve worked in oil and gas sector only. All over the world. One of the key aspects in this industry is that one works with governments,” Christina Verchere, chief executive officer of OMV Petrom (SNP.RO), said on Friday.
Jogger is the newest model in the range of local carmaker Automobile Dacia and will be the first hybrid of Dacia cars rang.
OMV Petrom’s (SNP.RO) capitalization has increased by more than 15 times in the two decades since its listing on the Bucharest Stock Exchange and reached RON25 billion on Friday, while its shares gave investors an about 6% yield on average.
A total 50,046 private individuals in Romania had more than EUR100,000 in bank deposits at the end of the first half of 2021, with a combined value of RON52.8 billion (some EUR10.8 billion), per statistical data from Romania’s Bank Deposit Guarantee Fund (FGDB).
The retail market recorded limited deliveries in the first half of 2021, as many projects were postponed during the pandemic and the price of construction materials rose a lot. About 60% of the 120,000 square meters of new retail space under construction were in small structures, in retail parks, a Colliers report shows.
Romania recorded the tenth lowest youth unemployment rate among Member States of the European Union, in 2020, data from Eurostat, the statistical office of the European Union, showed Friday.
Regional investment fund SIF Banat-Crisana (SIF1.RO) has lowered its holding in Evergent Investments (EVER.RO) by selling some packages of shares worth nearly RON42 million, in the second quarter of 2021 (namely, in April, May and June), per data aggregated by Ziarul Financiar (ZF) from the company’s half-year financial report.
Retail sales in Romania, excluding vehicle sales, grew by 12.5% in the first seven months of the year on the year-ago period, and 7.6% in July on the year-ago month, National Statistics Institute data show.
Romania’s National Strategy and Prognosis Commission said in its summer forecast that it expects the country’s unemployment rate to reach 4.8% in 2021, lower by 0.2 percentage points than the level reported in 2020, and to reach 4% in 2022.
Old three-room apartment prices in Bucharest continued to increase in August, reaching more than EUR101,000, a decade high, which had not been reached since the first half of 2009.
Regional investment fund SIF Banat-Crisana (SIF1.RO), is calling shareholders for a meeting to approve a buyback program for 880,000 shares at most, at a minimum price of RON0.1 and a maximum price of RON6.104. The shares repurchased will be given for free to management members to ensure their loyalty.19702 items