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Romanian sportswear retailer GRID, owned by entrepreneurs Popa and Nania Nicolae, has opened its first store in Bucharest, in Shopping City Baneasa.
Romania's finance ministry on Thursday rejected all bids at a tender where it targeted raising EUR500 million selling April 2025 euro-denominated bonds on the local market, central bank data showed.
Romania's general consolidated budget posted a deficit of RON74.04 billion, or 7.05% of the gross domestic product, in the first ten months of 2020, finance ministry data showed Thursday.
Scandinavian furniture and home décor retailer JYSK Romania reported a turnover of RON612,5 million in 2019/2020 financial year, up 5.3% on the year, and a pre-tax profit of RON81,9 million, up 8.4% from the previous year.
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO, suspended from trading since February 2017), on Thursday said it had submitted its reorganization plan to the Mures Courthouse on Nov 2020, which means the company could resume trading on the Bucharest Stock Exchange.
2Performant, a Romanian technology company specialized in e-commerce and digital marketing, expects to start trading its shares under the ticker symbol 2P on the alternative trading system AeRO of the Bucharest Stock Exchange by the end of the year.
By the end of the decade, a third of all new car sales worldwide will be electric, which would bring the total number of electric vehicles (EVs) sold in a single year to 31.1 million globally, ten million more than previously forecast, according to new analysis from Deloitte.
Delivery firm Urgent Cargus, the second largest in Romania, has inaugurated a second warehouse near Bucharest in a EUR7.4 million investment that doubles its sorting capacity in Bucharest.
Carmistin Group, specialized in the production, processing and sale of meat, has contracted a syndicated credit facility worth RON427 million (approximately EUR90 million).
Tiriac Imobiliare has appointed real estate consulting firm Colliers with a view to obtaining the WELL Health-Safety certification for its mixed portfolio of projects, being the first real estate developer to take this step on the local market, in the context of the COVID-19 pandemic.
Electronics retailer Altex continues its expansion strategy across Romania, by opening a new store, in Calarasi, following an of EUR1 million.
Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR354.8 million in Romania in January-September 2020, up 3.7% on the year.
Hidroconstructia, one of the largest construction companies in Romania, is working on 80 projects worth EUR253 million and saw a 60% increase in revenue in the first seven months of 2020, compared with the corresponding period of last year.
Most major banks in Romania posted lower profits in the first nine months compared with the year-ago period, due to the effects of the pandemic, which forced them to set aside larger provisions.
Romania's financial regulator has approved the registration in view of trading for bonds issued by Agroserv Mariuta SA, which owns the dairy brand Laptaria cu Caimac.
Shareholders of organic fertilizer producer Norofert (NRF.RO) on Wednesday approved the company's stock option plan and a share capital hike by a cash contribution of RON220,000 and issuing new shares.
In Romania 46% of investors cancelled, decreased or paused investments, while 51% did no changes or increase in their investment plans, according to the EY Attractiveness Survey Romania, the first EY attractiveness survey dedicated to the Romanian market.
Romania will be receiving a first tranche of EUR3 billion from a European Union loan under the SURE support instrument, finance minister Florin Citu announced Wednesday.
Lawyers of PeliPartners law firm have assisted real estate developer Jupiter Group throughout the process of selling Jupiter City Shopping Center to Austria’s private real estate company Supernova.
Expo Market Doraly, one of Romania’s biggest shopping parks specialized in home items and food products, located in the township of Afumati (Ilfov county), will be hosting a new cash&carry store brand, called Noi, as of the end of November 2020.18948 items