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Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announces investments of EUR200 million by the end of 2021, in the construction of 300,000 square meters of warehouses in logistics parks in the cities and towns of Bucharest, Timisoara, Turda, Sibiu and Pitesti.
The Bucharest Stock Exchange (BVB) and equity crowdfunding-type platform SeedBlink signed a memorandum of understanding aimed at supporting the development of the Romanian business environment through diversifying the sources of financing and facilitating the access to financial capital for the companies.
Romania's general consolidated budget posted a deficit of RON12.76 billion in January-February 2021, or 1.14% of the gross domestic product (GDP), finance ministry data showed Tuesday.
Seed producer Agrosel in Campia Turzii, Cluj County, ended 2020 with RON44.7 million revenue, an increase of 20.3% year-on-year, the company officials say. They expect growth this year, as well.
Most major lenders in Romania posted lower profits in 2020 compared with 2019 due to the effects of the coronavirus crisis, which required them to set aside higher provisions.
Coal was used to generate 16.5% of Romania’s energy last year, which is unprecedented since the major thermoelectric plants in Oltenia used to account for more than 20% of the country’s energy mix.
Razvan Stefan Lefter, member of the board of directors of Sphera Franchise Group (SFG.RO), has bought 11,000 company shares for a total of RON168,300, the company said in a market report Monday.
Corporate bonds totaling EUR40 million issued by Agricover Holding, one of the largest players in Romanian agribusiness, will start trading on the regulated market of the Bucharest Stock Exchange Wednesday, March 31.
Investment fund Evergent Investments, formerly known as SIF Moldova, changes its ticker symbol on the Bucharest Stock Exchange from SIF2 to EVER, starting with March 29, 2021.
Romania's finance ministry on Monday raised a planned 300 million lei (EUR61.2 million) selling bonds maturing in October 2034 at an average yield of 3.89%, central bank data showed.
Almost half (45%) of global executives do not expect to see a return to a normal course of business until sometime in 2022, as opposed to nearly one-third (31%), the 2021 KPMG CEO Outlook Pulse survey has found.
BCR Leasing IFN, a subsidiary of lender Banca Comerciala Romana, part of financial group Erste, has granted total financing of over EUR3.3 billion to 62,000 clients during its 20 years of activity on the Romanian market.
German group Rehau is looking to sell two production units in Cluj (Apahida) and Bucharest (Tunari), as part of the relocation process of Rehau Romania offices in central locations and the construction of a new hub in Sibiu by the end of 2022.
Shareholders of winemaker Purcari (WINE.RO) approved the increase in share capital by issuing 20 million bonus shares to all shareholders of the company, registered in the shareholders' registry on July 20, 2021, per a stock market announcement released Monday.
Scandinavian furniture and home décor retailer JYSK will be opening a new store on April 1, in Oravita, reaching 97 units in Romania.
Online retailer eMAG announces investments of over $3.2 billion in the next three years, to support the development of the online commerce, and changes in its executive management team, with Tudor Manea taking over the position of Chief Executive Officer from Iulian Stanciu, who becomes executive president.
The supply of telehealth services in Romania accelerated in 2020, mostly in the second half of the year, and estimations show that 7%-8% of the total volume of medical consultations, referrals and prescriptions were carried out via online channels.
Globalworth, the largest office space owner in Central and Eastern Europe, saw a 6.5% increase in net operating income to EUR157.3 million in 2020, whiles total portfolio value remained at EUR3 billion.
Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, on Monday reported a turnover of RON2.51 billion for 2020, slightly lower than RON2.78 billion in 2019, and a net profit of RON335 million, compared to a net loss of RON67 million in 2019.
Dacia could take the step towards assembling hybrid and electric cars in Romania, as all European carmakers have already announced a concrete plan to go electric and discontinue use of conventional engines by 2030.18957 items