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Romania's gross domestic product (GDP) grew 13.9% in real terms (in unadjusted data) in the second quarter of 2021 compared with the second quarter of 2020, data from the country’s statistics board showed Monday.
Over the last five years, German-held retailer Lidl has facilitated exports worth above EUR164 million for Romanian products towards European markets, with the retailer collaborating with 400 suppliers on the local market.
Romania's gross domestic product (GDP) grew 4.2% in real terms in 2019 compared with 2018, final data from the country's statistics board INS confirmed Monday.
Dumagas, one of the largest freight carriers in Romania, controlled by investment fund Bancroft, estimates it will end 2021 with turnover worth EUR32 million from EUR42 million last year, according to the company’s head.
Italian fashion group Prada, a major player in the luxury industry, is building a new, 11,000-sqm, plant in Romania, due to be finalized next year.
Paper producer Pehart Tec Grup, controlled by private equity fund Abris Capital, posted net profit worth RON79.3 million (EUR16.5 million), triple the 2019 figure.
Dental clinic chain Dr. Leahu plans to list on the Bucharest Stock Exchange (BSE) after hitting targets included in the agreement sealed with private equity fund Morphosis Capital that entered the company’s shareholding structure last year, said Ionut Leahu, CEO and founder of the network.
Kinderpedia, a digital communication and management solution for schools and kindergartens, raised EUR1.8 million in a funding round led by Early Game Ventures (EGV), with the participation of existing investors, namely, RocaX, Growceanu and business angels.
The Bucharest Stock Exchange on Friday announced that the RON2 million worth bonds issued by the Polish company Aforti Holding will start trading on the Multilateral Trading System (MTS) on Tuesday (October 12), under the stock exchange symbol AFH25.
Romania's finance ministry raised RON723 million (EUR146.1 million) between October 4 and 8, 2021 after selling bonds at average yields of 2.49% and 3.86%, respectively.
OMV Petrom, the largest energy company in South-Eastern Europe, on Friday reported a 10% decrease in the natural gas production in the third quarter of 2021 compared to the second quarter and a 15% decline compared to the third quarter of 2020.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, stayed at 2.10% a year on Friday (October 8), the same level as on Thursday (October 7).
Raiffeisen Asset Management (RAM), which specializes in managing the investment funds of Raiffeisen Group in Romania, has become the largest mutual fund manager on the local market, after the company’s assets exceeded RON6 billion at the end of August 2021.
Producers of electronics and electrical home appliances in Romania manufactured products worth over RON8.1 billion in 2020, higher by 12% than the 2019 level and almost fourfold higher than in 2008, per calculations by Ziarul Financiar based on Trade Registry data.
Construction company Masterbuild wants to carry out development activities and is readying a project involving an industrial park with cooling systems, located in Butimanu (Dambovita County), which entails investments worth around EUR15 million, said Mirela Harmanescu, COO, Head of Engineering & Technical Dept. with Masterbuild.
Croissant, biscuit and wafer maker Alka Trading, including brands such as Alfers and Toortizi in its portfolio, is poised to invest RON10 million in production, with half of the sum coming as state aid. The project is about to be kicked off.
The biggest domestic cosmetics maker Farmec Cluj targets brand internationalization on the long term, in ten years.
German-owned discount store chain Penny aims to have 60% of products sold in Romania manufactured and processed in Romania by 2022, according to the company’s representatives.
Romania's business services industry generated revenue of EUR9 billion in 2019, employing some 179,000 people countrywide and having almost 1,080 firms registered at the finance ministry with specific CAEN (Classification of Activities in the National Economy) codes, per a survey by the Association of Business Service Leaders in Romania (ABSL) in association with PwC Romania.
Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) said in a stock market report Thursday that it raised RON45.8 million from 52 shareholders which subscribed 18.3 million shares within the company’s share capital increase carried out via Prime Transaction.20550 items