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MOTO-HUB BMW Motorrad, an authorized BMW dealer, has invested nearly EUR500,000 in developing a services center, considering that, besides service station and sales of new and second-hand motorcycles, it will also provide lease services, organization of national and international tours, defensive driving courses and technical equipment and accessories.
Online furniture and home decor retailer Vivre Deco will be conducting a private placement of bonds early in April, and have the bonds listed on the Bucharest Stock Exchange a few weeks from the end of the offering.
Croissant maker Derpan (Galati County) ended 2020 with some RON42 million revenue, flat on 2019, slightly affected by the COVID-19 pandemic.
Automaker Mercedes-Benz has a new logistics center in Dragomiresti Vale, north-west of Bucharest, built by Plana-Innova as general contractor, the latter’s website says.
Agroserv Mariuta, the dairy processor of Laptaria cu caimac, received shareholder approval mid-March to raise its share capital by RON43,100 by issuing 431,020 new shares to be sold via private placement.
New vehicle registrations in Romania grew 19.3% in March compared with March 2020, to 9,636 units, after an annual decline of 18.8% in February and 46.6% in January, data from the the Automotive Manufacturers and Importers Association (APIA) showed Thursday.
Mobile game developer Firebyte Games, a subsidiary of BRK Financial Group, will go public on the AeRO market of the Bucharest Stock Exchange on April 6 under the ticker symbol FRB after a successful private placement in February.
Romania's finance ministry on Thursday raised 500 million lei (EUR101.8 million), as planned, selling bonds maturing in November 2024 at an average yield of 2.4%, central bank data showed.
OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, has increased its share capital by RON250 million, to over RON2 billion, part of the bank's organic development strategy.
A 1.7% stake in investment fund Evergent Investments was traded Thursday on the Bucharest Stock Exchange for RON14.14 million.
The potential of renewable energy on the local market can become the engine of the decarbonization of the Romanian energy sector as long as public initiatives synchronize with business intentions, EY Romania said in a report Thursday.
Romania's foreign exchange reserves grew to EUR35.709 billion at the end of March from EUR35.139 billion at the end of February, central bank data showed Thursday.
Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, on Thursday reported a net profit of RON95 million for 2020.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said Thursday in a stock market report that it had signed a contract worth RON383 million to provide electricity to Engie Romania between April 1 and 30, 2021.
Ziv Gigi will be running the operations of GTC (Global Trade Center) on the Romanian market. Gigi will be replacing the company’s Chief Executive Officer Bogdan Jigman.
NN Pensii, the largest private pension fund in Romania, joined the shareholding structure of nuclear power producer Nuclearelectrica (SNN.RO) in December 2020, one of the largest companies held by the Romanian State, by acquiring the bulk of the stake put up for sale by property restitution fund Fondul Proprietatea.
Enel Green Power Romania signed an agreement to develop a renewable energy project of more than 1,000 MW with Monsson Alma early in 2021, the representatives of the Monsson group say.
This year will be more difficult than the first year of the pandemic, whose impact will be stronger in 2021, believes Daniel Gross, the chief executive officer of German-held discount store chain Penny in Romania.
With a harvest of 10.8 milion tons of corn in 2020, Romania lost the top spot among producers in the EU, after having held it in 2018 and 2019 with 17 million to 18 million ton production, National Statistics Institute data show. France therefore became the leader by corn production in the EU again, with a 13.3 million ton harvest.
Baneasa Developments, which operates Baneasa Shopping City in northern Bucharest, reported a 31% drop in turnover and its profit halved in 2020, a tough year for retail as malls were closed during a two-month lockdown.18957 items