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Ursus Breweries, the beer market leader in Romania, has invested more than EUR10 million in a new craft brewery in Cluj-Napoca, named Barlog. The company also has a pub and a souvenir shop on the site.
Real estate developer Impact Developer&Contractor (IMP.RO) plans to sell corporate bonds worth EUR6 million, with the possibility of increasing the amount to EUR15 million, via private placement.
More than 7,300 work permits have been issued in January 1 – September 30, 2020 for foreign citizens seeking work in construction sector in Romania, the data supplied by the country’s General Inspectorate for Immigration, shows.
MedLife (M.RO), the leader of the private medical services market in Romania, has closed Monday's trading session (Nov 16, 2020) at a price of RON47.1 per share on the Bucharest Stock Exchange, a record high after an “explosion” of 19% in trading prices amid a possible share capital increase.
Romanian airline on Monday said it would resume international flights from the Cluj international airport starting March 1, 2020.
Romanian jewelry retailer Teilor, founded over 20 years ago by local entrepreneur Florin Enache, has appointed Willy Dicu to run and manage its operations.
The seven pension funds operating on the Romanian mandatory segment, known as Pillar II, had total assets of RON70.2 billion at the end of October 2020, up 13% since the beginning of 2020 and a record high since the inception of the mandatory private pension system back in 2008, data from Romania’s financial watchdog ASF showed Monday.
Romanian regional investment fund SIF Moldova (SIF2.RO) on Monday said it registered a net result of RON17.2 million in January-September 2020, lower than RON160.3 million reported in the same period in 2019.
Romanian investment fund Fondul Proprietatea (FP.RO) ended the first nine months of 2020 with a net loss of RON726 million, compared with a profit of RON1.9 billion in the year-earlier period, per the Fund’s financial report.
Romania’s electronic commerce market was strongly propelled in 2020 considering that many Romanians had to or preferred to shop online due to the pandemic, with the total value of online sales in Romania being expected to reach nearly EUR6 billion at the end of 2020, up over 40% versus 2019, per an iSense Solutions survey for the GPeC Summit– an annual event dedicated to the Romanian e-commerce industry.
Romania's finance ministry on Monday raised 342.5 million lei (EUR70.3 million), out of RON400 million planned, selling bonds maturing in October 2034 at an average yield of 3.65%, central bank data showed.
The COVID-19 pandemic caused half of Romanian drivers (50.7%) to change their plans to buy a car and choose a cheaper car or postpone the purchase, according to a EY survey on car buying habits, conducted among drivers in Romania, Czech Republic, Hungary, Turkey and Russia.
CTP, the largest developer and administrator of industrial and logistics parks in Romania and Central and Eastern Europe (CEE), has acquired 95,000 square meters of logistical buildings from Australian group Cromwell Property Group, marking this year's biggest deal by surface on the Romanian industr
Romanian state-owned power producer Hidroelectrica, the most profitable state-run company in Romania, ended the first nine months of 2020 with a turnover of RON2.8 billion, down 16% on the year, and a net profit of RON1.26 billion, down 4%.
Telecom operator Vodafone Romania on Monday reported total services revenue of EUR195.1 million for the third quarter of 2020, down 2.3% compared with the same period last year.
MedLife (M.RO), the leader of the private medical services market in Romania, summoned shareholders for Dec 15 to approve raising the company's share capital from RON5.5 million to around RON33 million by incorporating reserves and issuing new shares.
Romanians bought 614 million packs of medicines in the period October 2019 - September 2020, down 2.1% on the year, Cegedim's Pharma & Hospital Report showed Monday.
TeraPlast Group (TRP.RO), the largest Romanian construction materials manufacturer, will build a new factory within the TeraPlast Industrial Park in Saratel, Bistrita-Nasaud county, a project totaling EUR9.8 million.
iHunt Ploiesti (HUNT.RO), a supplier and manufacturer of cell phones and gadgets posted 3.9 milion lei net profit in the first nine months of 2020, compared with a RON102,704 loss in the year-ago period.
Helbako Electronica, the local subsidiary of Germany’s Helbako GmBH, posted 87.9 million lei (EUR18.6 million) revenue, an increase of 88% on the previous year, according to ZF’s calculations based on Finance Ministry data.18948 items