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Romanian industrial equipment maker Comelf Bistrita (CMF.RO) on Monday reported a net profit of RON2.7 million for 2020, up 3% on the year.
Organic fertilizer producer Norofert Group (NRF.RO), plans to acquire a 1,000-hectare farm in Zimnicea, Teleorman county, for RON9.5 million, the company said Monday.
Shares of Bittnet Systems (BNET.RO), a local integrator of IT&C solutions, will be included in the FTSE Global Micro Cap and FTSE Total-Cap indices as of March 22, following the latest semi-annual revision of the FTSE Russell indices, the Bucharest Stock Exchange announced Monday.
Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while solvency stands at more than 23%, Romania’s central bank data show.
Sibiu-based builder CON-A of entrepreneur Mircea Bulboaca ended 2020 with EUR101 million revenue, the corporate website says. This is 13% higher than in 2019 and is the first growth after two years of decline.
Romanian chocolate brand Heidi, now held by Austria’s Meinl family via Kex Confectionery, has entered the heart of Vienna.
Romanian state-owned airline Tarom estimates it will reduce its staff spending by an average of EUR8 million a year n the next six months, as it plans to slash 700 jobs out of 1,500 by the end of this summer.
Canada's Laurentis Energy Partners was awarded a EUR3.156 million contract award, through its subsidiary Canadian Nuclear Partners, to support refurbishment at Romania’s nuclear station in Cernavoda.
The year 2021 will be a better year both overall and for Romania’s economy, believes Matthew Strassberg, comanaging partner of buyout investor Mid Europa Partners.
The sales of the online commerce platform of the Carrefour group, Bringo, went up almost eight times compared in the first half of 2020, compared with the year-earlier period, to RON21.4 million (EUR4.4 million), publicly available data show.
Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said in a televised interview Thursday evening.
German Allianz Group, also present on the Romanian market, ended 2020 with total revenue of EUR140 billion, down 1.3% on the year, and an operating profit of EUR10.8 billion, down 9.3% on the year.
Hungarian roofing systems producer Terran, which produces concrete tiles, is investing EUR500,000 at its production unit in Campia Turzii (Cluj County).
Guarantee insurance, a segment included in the category of general insurance, registered underwritten gross premiums of RON464.5 million at the end of 2020, up 68% from 2019, with the value of underwritings tripling in the last decade, per preliminary data from Romania’s Financial Supervisory Authority (ASF),
iFactor, an online platform helping SMEs sell their individual outstanding invoices for immediate cash, will receive a round of financing from investment vehicle ROCA X and becomes the first Romanian company listed on equity crowdfunding platform Seedrs in London.
Romania's finance ministry on Thursday raised 430 million lei (EUR88.2 million) selling bonds maturing in October 2034 at an average yield of 3.75%, central bank data showed.
Josephine Payne will take over as president of Ford Romania and general manager of the Ford Craiova plant starting April 1 and will be the first woman to run the factory's operations in Romania, the automotive company announced Thursday.
The American Chamber of Commerce in Romania (AmCham Romania) welcomes the fact that the 2021 state budget provides a reduction of direct expenditures and an increase in investments.
Real estate consultancy company CBRE has recruited Mihai Patrulescu to lead the Investment Properties department of CBRE Romania, working closely with teams in Central and Eastern Europe.
The Romanian logistics and industrial market has accelerated its expansion in 2020 both in terms of demand, which neared the 1 million square meters mark, and deliveries of new spaces, which reached a record 649,000 sqm, real estate consulting company Cushman & Wakefield Echinox said Thursday.19702 items