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Non-bank financial institution Agricover Credit IFN has received EUR7.5 million from the European Investment Bank, the second tranche of a EUR15 million loan agreement signed in 2020.
The total value of transactions with commercial real estate assets in Romania, which include office, retail, industrial and logistics space, as well as hotels, reached EUR298 million in the first half of 2021, a 23% decrease compared with the year-ago period, a report by real estate consultant Cushman & Wakefield Echinox says.
Online bookstore Librex ended the first half of the year with EUR920,000 sales, an increase of 60% on the year-ago period, when sales stood at EUR580,000.
Germany’s fashion retail group Anson's, which operates large multibrand stores, will enter Romania with a store in the ParkLake mall in Bucharest, market sources say.
The largest bicycle plant in Romania, developed by Sport Mechanical Workshop in Timisoara, will be completed this fall and assemble up to 1.5 million bicycles a year. The only customer of the facility will be French-held sporting goods retailer Decathlon.
Property restitution fund Fondul Proprietatea (FP.RO) on Friday said its shareholders approved the payment of a special gross dividend of RON0.07 per share from profits left undistributed in 2016 and 2017, considering that it reported a loss of RON102.9 million in 2020.
Electricity supplier Electrica Furnizare, part of state-owned utility group Electrica, has installed 796 solar panels for oilfield equipment manufacturer Uztel Ploiesti (UZT.RO).
British American Tobacco (BAT) has appointed Frederico Monteiro to run the Central Europe South (CES) Area. Monteiro will be coordinating from Bucharest the operations for seven markets, respectively Romania, Bulgaria, Ukraine, the Republic of Moldova, the Czech Republic, Slovakia and Hungary.
Alexandru Mircea Mihailescu, the main shareholder of Transport Trade Services (TTS), with a 25.2% ownership, Ion Stanciu, with a 7% stake, and Sevastian Stefan, said they would forgo their mandates of Executive Board members of TTS, starting August 26, 2021.
French Renault Group sold a total 1.42 million cars in the first half of 2021, 18.7% more than in the same period in 2020, while Dacia sold 262,814 cars in the first half of 2021, 24.5% more year-over-year.
The Fidelis government bonds for the general population, sold by the finance ministry on the capital market in July, started trading on the Bucharest Stock Exchange on Friday (July 16).
Greenfield Copou Residence, a company held by Impact Developer&Contractor, has bought a plot of land of 25,930 square meters in the historical part of the city of Iasi, on Dealul Copou (Copou Hill), where it will build a residential complex with over 1,000 apartments.
Deutsche Bahn Cargo Romania, the local subsidiary of the leading provider of rail freight transport in Europe, relocates its headquarters to the One Cotroceni Park building.
Furniture and home decor retailer JYSK set out to remodel all its stores to make them compliant with the Store 3.0 concept by the end of 2024.
Clinica Sante, one of the largest private laboratory clinic networks in Romania, saw its revenue go up 23% year-on-year to RON147 million in 2020, ZF has found from publicly available data.
Banks in Romania granted about RON2.63 billion worth of new loans to companies in May 2021, almost 25% less than in April and RON2 billion or 43% less than in March.
Superbet group, the largest sports betting and gaming business in Romania, which also has operations abroad, has taken over Belgian rival Napoleon Sports & Casino. The parties did not disclose the value of the deal.
Omniasig, the largest insurance company in the portfolio of Austria’s Vienna Insurance Group (VIG), expects a volume of underwritten gross premiums of RON1.4 billion at the end of 2021, Omniasig CEO Mihai Tecau told an interview for Ziarul Financiar (ZF).
The European Investment Bank (EIB) on Thursday formally agreed a new EUR120 million loan with Distributie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group.20531 items