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Omniasig, the biggest local insurance company owned by Austria's Insurer Vienna Insurance Group (VIG), reported gross underwritings of RON1.5 billion in 2020, up 5% compared with 2019.
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809 million of new financing from the European Investment Bank and European Investment Fund, EIB said in a press release Thursday.
Insolvent chemical fertilizer plant Chemgas Slobozia, part of Interagro group, has been put up for sale by judicial liquidator at a starting price of RON124 million.
Online furniture and home decor retailer Vivre Deco said Thursday it plans to issue corporate bonds of maximum EUR7 million to fund its further development.
Romania's finance ministry on Thursday rejected all bids at a tender for bonds maturing in October 2030, where it planned to raise 400 million lei (EUR81.8 million), as interest for the issue was very low, central bank data showed.
Romanian state-owned energy utility group Electrica (EL.RO) will seek shareholder approval on April 28 for loans totaling over RON1.7 billion from the EIB, Raiffeisen Bank and Erste to fund investments and acquisitions over the next three years.
Romania manufactured 39,348 vehicles in February 2021, 18.09% fewer compared with 48,038 units produced in February 2020, data from the country's carmakers association ACAROM showed Thursday Monday.
The Board of Directors of regional investment fund SIF Oltenia (SIF5.RO) has summoned shareholders on April 28, 2021 to vote on how to distribute the net profit for 2020, in the amount of RON52.2 million, per the summoning note.
Impact Developer&Contractor wants to increase its share capital by RON131 million, by incorporating the capital premiums amounting to RON69 million and the result carried forward from 2020 amounting to RON61 million.
Agroland Agribusiness, part of Horia Cardos' Agroland Group, will change its status from a limited liability company to a joint-stock company, group shareholders decided Thursday.
Asirom VIG on Thursday said it registered revenue from gross underwritten premiums of RON633 million in 2020, up 16% on the year.
The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared with the end of 2019, financial regulator data showed Thursday.
The real estate investment market has become a more and more attractive alternative for Romanian entrepreneurs who are interested in diversifying the instruments whereby they can place the capital obtained from other businesses.
Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates before the Covid-19 pandemic, of approximately 250,000 sqm, because the pandemic triggered delays in construction and lease activities and prompted companies to have a more cautious approach, per a Colliers report on the market evolution in 2020.
Cargo transporter Transport Trade Services (TTS) is preparing for stock market listing, through an initial public offering (IPO), according to Ziarul Financiar (ZF).
Online retailer eMAG reached total investments of nearly EUR155 million in Joita locality, Giurgiu County, along with its project that targets the construction of a logistic hub of 130,000 sqm designed to host some 1,000 companies that sell via the retailer’s marketplace, part of an industrial park of 290.000 sqm, said Alexandru Niculescu, vice president operations at eMAG.
OMV Petrom (SNP.RO), the biggest energy company in South-Eastern Europe and the biggest issuer on the Bucharest capital market by value, has summoned shareholders on April 27 to approve the distribution of dividends from the company's 2020 profit.
Romania's finance ministry on Wednesday raised EUR230 million, above its EUR200 million target, selling bonds maturing in August 2026 on the local market, central bank data showed.
Star Residence Invest shares will debut to trading, thus, the company will be the first Romanian REIT (Real Estate Investment Trust) to be listed on the AeRO market within BVB's Multilateral Trading System (MTS). Star Residence Invest shares will be traded under the ticker REIT (ISIN - RON95JJEDCB1), the Bucharest Stock Exchange said in a statement.
The Romanian factoring market reached EUR5 billion in 2020, stable compared with 2019, the Romanian Factoring Association (ARF) said Wednesday.18957 items