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Shares of OMV Petrom (SNP.RO) and TeraPlast (TRP.RO) will be included, as of September 20, 2021, in FTSE indices for Emerging Markets, joining Banca Transilvania (TLV.RO) and Nuclearelectrica (SNN.RO) shares.
German-held retailer Kaufland Romania, the second largest player in Romanian retail by turnover in 2020, is betting on store openings in small urban areas with around 20,000 inhabitants, with a special focus on Muntenia and Transylvania regions.
Banca Transilvania Financial Group ended the first half of 2021 with operating income of RON2.4 billion, up 15% on the year, and consolidated net profit of RON1.01 billion, up 47% from the same period in 2020, per the financial report released Monday.
GoodMills Romania, the maker of Raftul Bunicii flour, owned by the Austrian group of the same name, ended 2020 with turnover worth RON276 million, up 8,3% from the previous year, data from financial analysis platform Confidas show.
The Romanian leu dropped to a fresh all-time low against the euro on Friday (August 20), as the central bank average reference rate stood at 4.9338 lei to the European currency.
Secom, a local business established 30 years ago and held by entrepreneurs Lucia Costea and Andrei Costea, had a turnover of RON153 million in 2020, up 25% from 2019, per finance ministry data.
The Miro office space project developed by Speedwell, a real estate developer held by Didier Balcaen, in Bucharest’s Baneasa area, is 84% leased in August 2021, from 64% in early 2021, after the signing of multiple new contracts.
Austria’s ALPLA Group, a world leader in the development, production and recycling of plastic packaging, has acquired Austria’s packaging manufacturer Wolf Plastics Group.
Courier services company Sameday, majority held by online retailer eMAG, has leased a 3,600-square meter space in the Urbano Cluj Vest industrial park developed by entrepreneurs Mircea Ilea, Alexandru Serban and Daniel Paraschiv in the western metropolitan area of the city of Cluj-Napoca.
Shareholders of Alro Slatina, the largest aluminum producer in Romania, rejected in their general meeting of August 19, 2021 the company’s Remuneration Policy, both in the version proposed by the Board of Directors and in the version proposed by property restitution fund Fondul Proprietatea, which owns 10.2% of Alro’s share capital.
Victor Capitanu, who owns 29.7% of the share capital of real estate developer One United Properties (ONE.RO), requested that new issues be added to the agenda of the Extraordinary General Meeting of Shareholders of September 10, 2021, among which the company's share capital increase by up to RON228.8 million, by issuing 1.1 billion ordinary shares.
State-owned railway freight carrier CFR Marfa posted RON335 million loss in 2020, its 13th year in the red in a row, during which it accumulated more than RON3 billion losses, publicly available data show.
Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, has approved the proposal of its Board of Directors to disburse more than RON35 million dividends from the undistributed profit of 2019 and 2020 and set the gross dividend/per share of RON0.9.
XXXLutz furniture stores, which replaced the kika brand, ended 2020 with RON85 million sales, a decline of about 20% on 2019, Finance Ministry data show.
NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, has resumed expansion in Romania in Bucharest and in Craiova.
iHunt Technology Import-Export (HUNT.RO), a supplier and producer of mobile phones and gadgets, said in a stock market report Thursday that Cezar Stroe, the company’s majority shareholder, Executive Board Chairman and CEO, sold company shares worth nearly RON11 million, on August 18, per calculations by Ziarul Financiar (ZF).
Seven in ten employees in Romania (67%) are interested in starting a business in the next two years and 87% of people working as freelancers share the same desire, per a survey conducted by Unlock Research for ING Bank Romania in May 2021.
French hotel group Accor, which has 15 hotels in Romania, plans to open two hotels under the Tribe and Adagio brands, which will be located inside the same building, in Bucharest’s Basarad area.
Romania's finance ministry on Thursday raised 574.5 million lei (EUR116.5 million), higher than the targeted amount of RON400 million, selling bonds maturing in June 2026 at an average yield of 3.24%, central bank data showed.
Chimcomplex Borzesti, which holds the platforms Oltchim (Valcea) and Borzesti, has announced the dismissal of two Executive Board administrators and the appointment of two new administrators, respectively Mihai Dan Todor and Frank Hajdinjak, for one-year mandate.19702 items