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Romanian prime minister Florin Citu said Thursday he has dismissed finance minister Alexandru Nazare from office citing delays in major projects, and proposed to take on the role of acting finance minister himself.
Catalyst Romania Fund II, one of the most important venture capital (VC) funds in the region, on Thursday said it has participated with EUR1.2 million financing, as a lead investor, in Series A financing round set off at the end of May by SeedBlink, a local crowdfunding platform for Romanian IT start-ups.
Courier services company Sameday, owned by online retailer eMag, reported a turnover of approximately RON400 million in 2020, up 142% from 2019, due to the growth of the e-commerce sector, against the backdrop of the coronavirus pandemic, and to the development of the logistics capacity.
Biodegradable packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast and held by businessman Florin Pogonaru, has started the transfer of assets unrelated to its core activity, towards a new entity, Obor Development, and the splitting process is due for completion until December 31, 2021.
Romania's gross domestic product grew 2.9% in real terms in the first quarter of 2021 compared with the fourth quarter of 2020, provisional (2) estimates from the country's statistics board INS showed Thursday.
Grocery retailer Mega Image has appointed Romanian executive Razvan Munteanu chief financial officer, replacing Hadewych Vermunt, who will be joining Delhaize Le Lion, Belgium, on a similar position.
Carmo-Lact Prod (Bistrita-Nasaud) dairy producer posted more than RON132.7 million (EUR27.5 million) revenue last year, an increase of 26% year-on-year, ZF has calculated from Finance Ministry data.
Spirits producer and mineral water bottler Prodal 94 plans to end 2021 with RON11 million revenue, an increase of 18% year-on-year, ZF has calculated from the data the company officials supplied.
Italy’s Alerion group has struck a deal with Monsson Alma, the largest local green project developer to have several wind farms built over the next two years.
Pharmacy chain Ropharma (RPH.RO), owned by Mihai Miron, summoned shareholders for August 10 to approve the sale of a land plot in Iasi for RON2.02 million plus VAT.
Food Union, a Latvian food manufacturing and wholesale group, has reached a holding of 96% in Romanian ice cream maker Alpin 57 Lux based in Alba county, Confidas.ro data showed.
Romania's public debt should stay below 60% of the gross domestic product, or even 55%, and the country's budget deficit should return to below 3% within a reasonable time frame,central bank governor Mugur Isarescu told a press briefing after the bank's policy meeting Wednesday.
Developments in the pandemic continue to generate considerable uncertainties and risks to the inflation outlook, at least in the short run, amid a considerable slowdown in vaccination and the spread of the more contagious (Delta) coronavirus variant, Romania's central bank said in a statement.
The European Commission expects Romania's economy to grow 7.4% this year and 4.9% in 2022, following better than expected first quarter performance.
Romania ranks third in the region of Central and Eastern Europe (CEE) with over 300 sustainable real estate projects during the 2010-2020 period.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, dropped to 1.49% a year on Wednesday (July 7), after stagnating at the 1.53% threshold.
Romanian software solution provider Wizrom Software had a turnover of RON28 million in 2020, 3.8% higher on the year, and a net profit of RON2 million, up 18% compared with 2019.
Private healthcare operator Gral Medical, the sixth largest on its market by turnover, reported a turnover of EUR25 million in the first half of 2021, up 50% from the year-earlier period.
Romania's central bank on Wednesday decided to hold the benchmark interest rate at a record low of 1.25% a year, despite rising inflation.
A survey by the American Chamber of Commerce in Romania (AmCham Romania) shows that three quarter of US investors in Romania expect increases in revenue in 2021.19702 items