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Romanian software solutions provider Atta Systems (formerly known as AB4 Systems) on Wednesday said it would open an office in Singapore, whereby it seeks to encourage digital transformation in the region by providing services of software development and software products strategy, thus consolidating its activity in Asia.
Boutique Mall, an online retailer of footwear and casual and luxury apparel in Romania, is relocating its logistics operations to the CTPark Bucharest North logistics park, within a Class A warehouse of 3,700 square meters, recently built by CTP, the leading developer and manager of premium industrial and logistics parks in Romania and Central and Eastern Europe.
The COVID-19 pandemic caused a lot of distress on the market, with transactions postponed and uncertainty rising, but there is increased optimism among stakeholders who expect further growth in M&A activity in Romania in 2021, a KPMG survey showed Wednesday.
Superbet, the biggest sporting bets operator in Romania and a major regional player, will relocate its teams under the same roof in the One Cotroceni Park building, where it has leased 8,206 square meters of office space.
Broker TradeVille on Tuesday closed early a private placement for bonds issued by iHunt Technology as the bonds were oversubscribed by 23%, the issuer said in a market report Wednesday.
Logistics developer Element Industrial, owned by Ionut Dumitrescu and Muler Onofrei, is starting construction on a new logistics park - Eli Park 3 – of 72,000 square meters, in the Chitila-Buftea area near Bucharest, in an investment estimated at EUR37 million.
Private lending in Romania grew 0.5% in nominal terms and 0.1% in real terms in December compared with November, to RON282.37 billion, central bank data showed Wednesday.
Paper packaging manufacturer Segezha Packaging is investing more than EUR10 million in developing production in Romania.
Abatorul Peris likely ended 2020 with EUR70 million revenue, after having significantly expanded its sales channels, Bogdan Grama, general manager of the company that Agricover group of businessman Jabar Kanani bought from bankrupt Romsuintest Peris in 2015.
Romania’s online fashion market is expected to grow by 20% in 2021, up to RON5.1 billion, and to exceed RON6 billion until 2023, per a market research by GLAMI.ro platform, held by Czech company InspiGroup.
Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first two months of 2021, followed by a correction at the end of the first quarter, pointing out, however, that the liberalization of the electricity market is a process with significant uncertainty and potential implications mostly on the dynamics of the annual inflation rate.
Spanish real estate developer Gran Via wants to also continue in 2021 the extension of the Aviatiei Apartments project in capital Bucharest and the Gran Via Marina project in the city of Constanta, and is also considering building a new project in Bucharest.
Adama Agricultural Solutions, a leading global manufacturer and distributor worldwide of crop-protection solutions, has appointed Gabriela Vila at the helm of operations in Romania and Republic of Moldova.
Most analysts polled by CFA Romania estimate the inflation rate will grow to an average rate of 2.64% in the next 12 months and see the leu depreciating to an average of 4.98 units to the euro.
Accelerated investment in upskilling and reskilling of workers could add at least $6.5 trillion to global GDP and create 5.3 million new jobs by 2030, according to the “Upskilling for Shared Prosperity” report launched by Pwc and the World Economic Forum.
Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 million.
Discount retailer Penny will continue to hire in 2021, as a result of store chain expansion and the development of a new warehouse.
The largest Romanian owner of office space, Liviu Tudor, is consolidating his position in the west of Bucharest after buying the former mattress plant Victoria site from businessman Dragos Bilteanu, real estate market sources say.
Romania's finance ministry on Monday raised 508.8 million lei (EUR104.2 million), slightly above the RON500 million level planned, selling bonds maturing in October 2034, at an average yield of 3.27%, central bank data showed.
Capital city of Bucharest registered 15,251 jobless people (of whom 8,167 women) at the end of December 2020, taking the unemployment rate to 1.28%, lower by 0.78% compared with November, according to data from the Bucharest Municipal Employment Agency.18948 items