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Banks in Romania granted new loans to households and companies in the amount of RON388 billion between 2016 and 2020, higher by 37.5% than RON282 billion at the end of 2020, per an analysis drafted within the #Dreptullabanking (the right to banking) campaign.
Romania’s value-added tax (VAT) collections stood at RON36 billion in the first half of 2021, a record high in nominal terms, according to the budget execution released by the finance ministry on Thursday.
SeedBlink, a local crowdfunding platform for Romanian IT start-ups, has appointed Laurentiu Ghenciu to the position of Chief Business Officer.
Romania’s land market is one of the most active in the real estate sector, which is confirmed by a nearly 10% price increase in the first half of 2021, compared with 2020, with prices being expected to grow 10% until the end of 2021, according to Crosspoint Real Estate.
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) convenes the Ordinary General Meeting of Shareholders (OGMS) on September 9, 2021 in order to elect seven interim Board members and set the term of interim Board members for four months.
SIF Hoteluri, a company held by regional investment fund SIF Banat-Crisana, on Thursday said it sold the Rusca Hotel in Hunedoara, for a price of EUR1.1 million plus VAT applicable under the tax legislation in force.
Parcel delivery platform Coletaria.ro, part of Czech Packeta Group, on Thursday said it would change its name to Packeta, starting the autumn of 2021, and supplement by at least 50% the investment budget for Romania in 2021, up to EUR3 million.
Agricultural company Agroland Agribusiness (AAB.RO), part of Agroland Group, closed early, on the very first day, a primary offering of sale of private placement-type bonds whereby the company managed to raise RON10 million from stock market investors.
Visual Fan S.A., which holds the Allview brand, on Thursday announced the purchase of a 12% ownership in technology company Headlight Solutions.
Dutch-Belgian grocery retailer Mega Image and online retailer eMAG on Thursday said they mutually agreed to terminate, as of July 30, 2021, the partnership they had started eight years ago.
The Romanian insurance market registered gross underwritings of RON3.19 billion in the first quarter of 2021, up 8.2% from the same period in 2020, the country's financial regulator said in a report Thursday.
Romanian state-owned energy utility group Electrica (EL.RO) said in stock market report that it signed, as buyer, with Emanuel Muntmark and with Catalin Mrejeru, as sellers, three share sale and purchase agreements (SPAs) in three project companies having as main object of activity the production of energy from renewable sources.
Dalli Production Romania, the local subsidiary of Germany’s Dalli group, which owns a detergent plant in Timisoara, posted more than RON434.3 million (more than EUR90 million) revenue in 2020, an increase of about 12% year-on-year, Finance Ministry data show.
The largest 20 owners of land own 248,683 hectares or 2.5% of Romania’s arable land, Romania’s Agency for Payments and Intervention in Agriculture (APIA) data show.
The European Commission on Wednesday approved the deal that changes the telecom market in Romania, the acquisition of Telekom’s fixed services division – formerly Romtelecom, by Orange, which will thus become a giant with fixed and mobile operations and almost EUR2 billion annual revenue.
Almost 3,100 local companies went insolvent in the first half of 2021, over 30% more than in the year-ago period.
OMV Petrom, the largest energy company in South-Eastern Europe, ended the first half of 2021 with sales revenue of RON10 billion, up 1% versus the same period in 2020, and a net profit of RON980 million, 13% higher than the level reported in the first six months of 2020.
The shares of Arctic Stream, an integrator of IT infrastructure and security in Romania, will start trading on the alternative trading system AeRO market, the equity segment of the Multilateral Trading System of the Bucharest Stock Exchange, on Thursday (July 29), under the ticker symbol AST.
Romania’s Competition Council has approved an operation whereby the European Bank for Reconstruction and Development (EBRD) is acquiring a part of the share capital of company Vestmoldtransgaz SRL.
Parcel delivery company Cargus is investing over EUR1 million in expanding its car fleet by 58 Ford vehicles until the end of 2021, through a partnership with Tiriac Auto, the licensed distributor of Ford brand.20531 items