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Continental Hotels, a Romanian hotel chain owned by businessman Radu Enache, announced it was investing EUR6.85 million in remodeling four hotels and rebranding them as Continental Forum and MyContinental.
Romania is the only major market operated by Italian utility giant Enel where electrical bills grew in 2020, the company showed in its integrated annual report citing Eurostat data.
Lender Banca Transilvania has revised Romania’s economic growth forecast up to 6% in 2021, the highest level since 2017, from a previous forecast of 5.4%.
Romanian chemical fertilizer producer Azomures, owned by Ameropa, on Tuesday said its turnover grew 12% on the year to RON1.8 billion in 2020, of which exports accounted for 35%, per company data.
Dent Estet, MedLife group's dental services operator, has raised its stake in the DE 4 KIDS clinic in Timisoara to 100% from 52%.
Entrepreneurial companies searching for financing on the capital market will be exempted, as of July 1, 2021, from paying the processing fee when listing their first financial instrument on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange (BVB).
Farm input distributor Agrii Romania is integrating in its sales department the Amira chatbot, developed by Druid, a company specialized in conventional technology, in order to provide agents with information about hybrids, active substances and specific products used by farmers.
The number of real estate deals in Romania stood at 47,773 in May 2021, 15,684 more than in May 2020, data from the national cadaster agency ANCPI showed Tuesday.
The total assets managed by private pension funds (Pillar II and Pillar III) in Romania reached RON83.34 billion at the end of March 2021, 33% higher compared with the same period in 2020, financial regulator data showed Tuesday.
Car battery manufacturer Rombat Bistrita posted RON395.2 million (EUR82 million) revenue in 2020, down about 1% compared with 2019, ZF has calculated from Finance Ministry data.
Romania's gross domestic product grew 2.8% in real terms in the first quarter of 2021 compared with the fourth quarter of 2020, provisional (1) estimates from the country's statistics board INS showed Tuesday.
Greek-held toy retailer Jumbo posted RON826 million sales in 2020, 14% higher than in 2019, Finance Ministry data show. Its profit stood at RON201 million last year.
Rail freight transportation company E-P Rail posted 10% growth in revenue to RON394 million in 2020 from the RON357 million of 2019. Its officials expect revenue to reach RON500 milion this year, following investment projects that will boost its transportation capacity.
Construction material retailer MAM Btricolaj will open two new stores in Brasov and Iasi by yearend.
Private medical services provider MedLife announced Monday it has bought the remaining 10% in the Panduri Medical Center in Bucharest and now owns it fully.
Mihai Bordeanu, general manager of carmaker Automobile Dacia, was elected president of the association of automotive manufacturers in Romania (ACAROM).
Romania's finance ministry on Monday raised 334.2 million lei (EUR67.8 million), from a planned RON300 million, selling treasury bills maturing in January 2022 at an average yield of 1.72%, central bank data showed.
Romania's finance ministry on Monday raised 660.4 million lei (EUR134 million), slightly more than planned, selling bonds maturing in October 2030 at an average yield of 3.27%, central bank data showed.
Italian chocolate producer and confectionery company Ferrero is extending its office space rented in the Globalworth Tower building in Bucharest starting September.
Romania kept its 18th spot in 2020 among 51 countries in Europe regarding foreign direct investment (FDI), with 57 foreign investment projects, compared with 78 projects in 2019, which translates into a decline of 27%, versus a European average of 16%, per an EY survey.20531 items