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Nusco Imobiliara, a real estate developer held by the Nusco Family, has started a new residential project in Bucharest’s Pipera area, where it also has the Pinum showroom and a door factory.
Paver manufacturer Elis Pavaje in Alba County, posted growth of about 20% in revenue in the first half, compared with the year-ago period, and expects full-year growth to be even higher, its officials say.
Retailers and especially the online ones have started to diversify portfolios to be able to cope with fiercer and fiercer competition and meet customer demand to find everything in one place.
Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to monetary policy conduct in 2020, according to the meeting's minutes released Tuesday.
German discount chain Lidl announced Tuesday it was extending employee benefits and will be doubling Christmas bonuses this year up to RON800 per employee, as well as new life insurance that includes Covid coverage.
Romanian airline Blue Air on Tuesday said it would introduce daily flights on Bucharest (Romania) - London Heathrow (UK) route, starting December 1, 2020, due to increased demand.
Nearly 650,000 square meters of warehouses, or 15% of the total, are unoccupied at present; the value of these unused spaces reaches approximately EUR6 million, which does not include the costs of logistics services, per an analysis by Storage Logistics.
Romania is represented with 58 companies, fewer by three firms than in the previous year, in a ranking of 500 largest companies in Central and Eastern Europe (CEE) by turnover in 2019, compiled by Coface rating agency, placing the country fourth in the region.
Romania's Competition Council said Tuesday it was analyzing the deal whereby OLX Global BV intends to acquire Kiwi Finance SRL, the largest loan brokerage company on the Romanian market.
Private lending in Romania grew 0.6% in nominal terms and 0.4% in real terms in October compared with September, to RON279.172 billion, central bank data showed Tuesday.
VTEX, one of the world’s leading e-commerce platforms, is accelerating its expansion in the region of Central and Eastern Europe (CEE) by concluding new partnerships in Bulgaria and Poland, which it will be coordinating from its office in capital Bucharest.
Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and, despite being more adequate than the previous one forecasting a 3.8% decline of the real GDP, seems more optimistic relative to the evolution of the economy and the COVID-19 pandemic.
The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion.
Software services and solutions provider NTT Data Romania (formerly EBS Romania), part of the Japanese group by the same name, is looking for technology specialists to fill its more than 75 open positions.
The number of new two and three-room apartments delivered doubled in 2007-2019. Whereas 20,751 such apartments were delivered in 2007, the total number stood at 40,730 in 2019, according to the National Statistics Institute data centralized by Business Magazin.
Meat processor Industrializrea Carnii (Kosarom), part of the Kosarom group, posted 165.1 million lei (EUR34.8 million) revenue in 2019, an increase of more than 11% on the previous year, ZF has calculated from Finance Ministry data.
The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million) Romanian aid scheme to compensate Romanian regional airport operators for the damage suffered due to the coronavirus outbreak.
Romania's finance ministry on Monday raised 461 million lei (EUR94.6 million), versus its RON300 million target, selling bonds maturing in September 2031 at an average yield of 3.42%, central bank data showed.
Car parts manufacturer Compa Sibiu (CMP.RO) on Monday reported a consolidated net profit of RON85,880 for January-September 2020, down 99.7% on the year, and a turnover of RON372.9 million, down 37.2% on the year, per Ziarul Financiar calculations based on the company’s quarterly report.
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, on Monday reported gross underwritings of EUR70.2 million in January-September 2020, under IFRS standards, lower by 4% than the level reported in the year-earlier period.18948 items