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TeraPlast, the parent company of TeraPlast Group, said Wednesday in a stock market announcement that the Competition Council gave a favorable opinion regarding the sale of TeraPlast’s window profiles business line to Dynamic Selling Group – window profiles manufacturer and distributor.
BRD-SocGen approved 1,861 applications within the government-guaranteed IMM Invest program in 2020, with the value of financing reaching RON930 million, per data presented by François Bloch, CEO of BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets.
Liberty Steel Group, part of Sanjeev Gupta’s GFG Alliance, announced Wednesday it would appoint Prasanta Mishra as the interim General Manager of its Liberty Galati plant in Romania.
Property investments in Romania stood at nearly EUR900 million in 2020, accounting for 8.5% of the total investment volume in the six largest countries in Central and Eastern Europe, according to Collier's CEE Investment Scene Q1-Q4 2020 report.
Rondocarton, part of Austria’s Rondo Ganahl, the largest corrugated cardboard manufacturer in Romania, made EUR12.5 million investments last year, mainly in upgrading and automating its plants in Apahida, Cluj and Targoviste, Dambovita.
Czech online home deco retailer Bonami had sales of EUR10 million in Romania in 2020, nearly 60% higher than in 2019, driven by higher demand as people spent more time at home due to pandemic restrictions.
Romania’s exports rose 5.1% in December compared with the year-ago month, which shows the economy is slowly starting to recover.
Local pharmacy chain Tinos Farm will open two more pharmacies in the first half of 2021 to add to the 18 it already has in Bucharest and Ilfov, after having seen its revenue rise by 25% to RON47 million in 2020.
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, on Wednesday reported a net profit of RON951.5 million for 2020, down 37% on the year.
Coffee shop chain Captain Bean, founded six years ago in Cluj-Napoca, ended 2020 with a 17-unit network, of which ten opened in 2020 in franchise, countrywide. In 2021, the founders of the business target an accelerated growth rate and target 50 new units, both franchises and own units, expecting a turnover of RON5 million.
PPF Real Estate, a developer and investor with real estate assets of over EUR2 billion globally, held by Czech billionaire Petr Kellner, signed six new lease contracts for office buildings Metropolis Center and Crystal Tower.
Industrial park developer CTP is investing over EUR35 million in the construction of a new building within CTPark Bucharest West, and the new space will be rented out by Quehenberger Logistics, a firm that operates the logistics activity of Brico Depot Romania, a retailer held by Kingfisher Group.
The Bucharest Stock Exchange (BVB) kickstarted 2021 with all stock indices in positive territory, as the Romanian capital market posted significant growth that topped in one month the level achieved throughout 2020.
Romania had 1.249 million public sector employees at the end of 2020, with nearly 9,000 hired in the last two months of the year, finance ministry data showed.
Most Romanians prefer to buy dairy products from supermarket and hypermarket chains, to the detriment of farmers' markets or convenience stores, a survey by Reveal Marketing Research showed Tuesday.
The fourth quarter of 2020 marked a spectacular return of the Bucharest residential market, with booming transaction activity, while residential developer activity increased compared with 2019, real estate consultancy company JLL said in a report Tuesday.
Elefant.ro, one of the largest online retailers in Romania, posted 30% higher sales of books last year compared with 2019, even though the overall market witnessed a slight decline.
The volume of new leu loans for consumers and companies rose to a 14-year high, RON68.5 billion in 2020. The volume of new loans in lei is double the level of ten years ago and 3.4% higher than in 2019.
Austrian-held real estate developer S Immo is considering buying the plot near The Mark office buildings it owns in the Buzesti area in Bucharest to expand complex.
Romania's trade balance posted a deficit of EUR18.38 billion in 2020, EUR1.08 billion higher compared with 2019, data from the country's statistics board showed Tuesday.18948 items