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Erste's Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, on Friday reported a net profit of RON814.1 million (EUR168.3 million) for 2020, 27% higher than in 2019, driven by lending growth and higher operating earnings, partly offset by higher risk costs.
MedLife Group (M.RO), the leader of the private medical services market in Romania, on Friday reported a net profit of RON62 million for 2020, up 246% compared with 2019.
Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, reported a net loss of RON2.3 million for 2020 (excluding the impact of IFRS 16 adoption), compared with a profit of RON64 million in 2019.
Equiliant Capital, the own investment fund of Paval brothers, the owners of do-it-yourself chain Dedeman, on Thursday announced the first investment, respectively, the acquisition of a minority stake in Victoria, a dental and imaging services chain.
Banca Transilvania (TLV.RO), Romania’s largest lender in Romania by assets, ended 2020 with a net profit of RON1.476 billion, at group level, down 20% on the year, and operating revenue of RON4.5 billion, down 1.6% on the year.
Romania's state-owned postal operator Posta Romana (CNPR)on Thursday announced the start of the largest investment of the last four decades for upgrades and digitalization.
Shareholders of Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, approved the issue of corporate, convertible, unsecured bonds, with an option of early repurchase, in the total amount of EUR1.5 million, which will be subsequently listed on the secondary market of the Bucharest Stock Exchange, per a stock market report.
Prebet Aiud (PREB.RO), a manufacturer of precast products made of reinforced and prestressed concrete, ended 2020 with a net profit of RON8.5 million, up 51.4% on the year, and a turnover of RON41.4 million, slightly lower than RON41.7 million in 2019, per calculations by Ziarul Financiar (ZF) based on a stock market report.
Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, on Thursday reported a net profit of RON856,514 for 2020, 131.4% higher compared with 2019.
Grampet Group, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, announced Thursday it has launched operations in Slovenia, expanding its freight railway transport activity to ten countries in the region.
Demand for office spaces in Bucharest will increase by 20-30% this year, as a significant part of the major tenants are actively evaluating options for space optimization, real estate consultancy company Cushman & Wakefield Echinox said Thursday.
Developers on the local property market have over one million square meters of modern industrial, office and retail stock in the pipeline for 2021, real estate consulting company JLL said in a market report Thursday.
Romanian regional investment fund SIF Oltenia (SIF5.RO) on Thursday reported a net profit of RON52.2 million, down 57% on the year.
French-held Carrefour group, which has some 370 stores on various segments of the market in Romania, has appointed Julien Munch to run its local operations.
Romanian state-owned natural gas producer Romgaz (SNG.RO) on Thursday reported a preliminary turnover of RON4.07 billion for 2020, down 19% on the year, as sales of natural gas dropped 10% in volume and over 24% in value.
The construction industry, too, will suffer the effects of the pandemic in 2021, after having been relatively safe so far, believes Cristian Erbasu, owner of Constructii Erbasu, the largest Romanian builder by 2019 results.
Antibiotice Iasi (ATB.RO), the largest pharmaceutical producer in Romania, on Thursday reported a 16% drop in net profit in 2002, to RON25 million.
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a net profit of RON58.9 million for 2020, virtually unchanged from 2019, while its turnover declined a slight 0.2%, to RON406.93 million.
US insurer MassMutual has rented 1,700 square meters of class A office space, occupying the second floor of Record Park building in Cluj-Napoca, developed by Belgium’s Speedwell.
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, on Thursday reported a net profit of RON684 million for 2020, up 27.8% on the year.19702 items