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Dedeman, the largest Romanian entrepreneurial business and biggest local DIY chain, opens its 55th store in the country Friday, April 9, in Sfantu Gheorghe, in the proximity of the recently opened Sepsi Value Center developed by Prime Kapital.
The ongoing health crisis is reshaping companies' approach to streamlining costs giving rise to a subletting trend on the local office market, an analysis by real estate consultancy company JLL showed Wednesday.
Romania’s third largest winemaker Cotnari posted almost RON143 million revenue in 2020, about the same as in 2019 but the net profit shrank 20% to RON3.5 million, financial analysis platform Confidas data show.
Telecom group Digi Communications (DIGI.RO) proposes a gross dividend per share of RON0.75 from its 2020 profit, subject to shareholder approval on May 18.
The impact of the pandemic on the food service business is really hard to gauge at the moment, says Calin Ionescu, chief executive officer of Sphera Franchise Group, one of the leading actors on the restaurant market.
The International Monetary Fund (IMF) on Tuesday revised upwards its forecast on Romania’s economic growth to 6% in 2021, from a previous projection of 4.6% in its October 2020 report.
Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an announcement Tuesday.
Almost three quarters (73%) of the business leaders who responded to a survey said their business had been affected by the health crisis, but that the effect had not been quite as severe as they anticipated in March 2020. At that time, 99% of companies expected a negative impact, according to PwC’s Global Crisis Survey 2021.
French construction material manufacturer Saint-Gobain said Tuesday it will invest EUR45 million in a second plasterboard production line at its factory in Turda, northern Romania.
Groupama Asigurari on Tuesday said it registered a 30% increase on the life insurance (on individual and group level) segment on the year in 2020, with the total value of gross premiums underwritten on this segment reaching RON46 million.
The Mendeleev Office 5 office building, developed by Akcent Development in the center of Bucharest and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted two new tenants, reaching an occupancy rate of 70%.
Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, said Tuesday it has reorganized its activity organized into two business units starting April – Romania and Bulgaria Business Unit and Growth Unit.
Romania’s beer market remained stable in 2020, with a slight growth of 0.5% in volume compared with 2019, to 16.75 million hectoliters, the Romanian Brewers Association said Tuesday.
Furniture manufacturer Sortilemn Gherla, one of the most important Romanian suppliers of the IKEA group, expects growth of 10% in revenue year-on-year in 2021, following expansion and development of production.
The leader of the health insurance market in Romania in 2020 was Signal Iduna, with RON126 million gross written premiums, an increase of 27.3% on 2019, followed by Allianz-Tiriac and Groupama.
Prices of old three-room apartments in Bucharest went up by EUR150 or 0.15% to EUR98,850 on average in March compared with February, real estate consultant SVN Romania data show.
Romania's seasonally adjusted unemployment rate grew to 5.7% in February from 5.6% in January, data from the country's statistics board showed Tuesday.
Hotel complex Alpin Resort Hotel in Poiana Brasov mountain resort (Brasov County, central Romania), held by businessman Claudiu Aron, reported revenue of just RON23 million in 2020, down 57% from RON55 million in 2019, per finance ministry data.
Construction company Nord Conforest Invest, held by entrepreneur Dorin Aschilean, is developing a residential compound in Gilau locality, 20 km off the city of Cluj-Napoca, an investment of approximately EUR2.6 million covered by a bank loan and from own funds.
Mobile game developer Firebyte Games will start trading its shares on the AeRO market of the Bucharest Stock Exchange on Tuesday (April 6) under the ticker symbol FRB.18957 items