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Coffee shop chain Starbucks operated in Romania by Poland’s Amrest group ended last year with 54 stores, after three new openings and one closure, the annual report of the group says.
Belgian industrial developer WDP is investing EUR29 million acquiring land for new projects in the Bucharest area and the Transylvania region in Romania, it said in its first quarter earnings report released Wednesday.
The logistics and industrial space market has a potential for another 2.5 million to 3 million square meters over the next economic cycle, says Andrei Jerca, managing director of developer Element Industrial.
Feelings of isolation and loneliness, stress and uncertainty have affected people’s health during the pandemic, with 36% of the respondents to a PwC global survey stating that they had experienced symptoms of anxiety and depression. Of the survey respondents, 44% said they were interested in using virtual care solutions for resolving those issues, per the PwC report on Global Top Health Industry Issues 2021.
The net assets of the 224 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 4% in March 2021, to RON47.6 billion (EUR9.7 billion), and by 7.1% since the beginning of 2021, the Association of Fund Administrators said Tuesday.
Lender EximBank has granted a financing of RON100 million to Prahova-based company Oltina Impex Prod Com, which operates in the milling and bakery sector.
Insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) said in a stock market announcement on Tuesday that Valtecia Development, a company based in Targu-Mures and engrossed in buying and selling own real estate assets, filed a new bankruptcy request for Romcab.
The European Investment Bank (EIB) will grant a EUR250 million 27-year financing to Romania for a regional 850-bed hospital in Iasi, northeastern Romania.
The Bucharest Stock Exchange is a platform with useful information about BVB-listed companies, essential in the investment process, through which Bucharest Stock Exchange aims to increase the visibility of listed companies and facilitate investors' access to quality resources.
FintechOS, global technology provider for banks, insurers and other financial services companies, announced Tuesday it has raised $60 million (EUR51 million) in Series B funding.
Life insurance company Aegon Romania, part of Dutch group Aegon, had underwritings of RON134.5 million in 2020, up 13% on the year.
ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, ended 2020 with EUR45.85 million revenue, an increase of 29% on the previous year, fueled by the greater demand for IT and cyber security products.
Restart Energy, the second largest independent supplier of electricity to household consumers in Romania, is listing its first bond issue on the Bucharest Stock Exchange Wednesday.
The second-hand fashion market in Romania is developing like the regular fashion market, so retail and chains are emerging. This market started taking shape in Romania more than a decade ago but did not go beyond the stand-alone no-name store phase for a long time.
International Finance Corporation (IFC), member of the World Bank Group, has granted a EUR72 million green loan to Romanian developer Iulius Group for the development of Palas Campus, an eco-friendly 60,000-sqm information technology complex in Iasi, northeastern Romania.
Romania's unemployment rate stood at 5% in 2020, compared with 3.9% in 2019, data from the country's statistics board showed Tuesday.
The situation of the GFG group, the main shareholder of steel plant Liberty Galati, will not affect the operations of Liberty Galati, where GFG’s investment plans have not been shelved, says Ajay Aggarwal, member of the board of directors of the plant in Romania and chief executive of GFG.
Automotive component supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle group, ended 2020 with a net profit of nearly RON10.2 million (EUR2.1 million), 3.5-fold higher than the net profit of over RON2.9 million (EUR621,000) in 2019, per finance ministry data.
One United Properties, one of the most active real estate developers of residential, office and mixed-use projects in Bucharest, said it plans to list its shares on the main market of the Bucharest Stock Exchange, and its intention has been approved within the Extraordinary General Meeting of Shareholders held Monday (April 19).
The Bucharest Stock Exchange, which operates the Romanian capital market, will distribute investors a gross dividend of RON1.0672 per unit, the equivalent of a 4.2% yield, per its shareholders’ decision of April 19, 2021.18957 items