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Holde Agri Invest, a Romanian company operating farmland, starts trading Thursday, October 1, on the the AeRO market of the Bucharest stock exchange under the ticker symbol HAI.
Shares of Romania's Fondul Proprietatea (FP.RO) generated a return of 283% since stock market listing in January 2011 to end-August 2020, and its total distribution yield has been constantly around 10% in the past 10 years.
Romania’s building materials market has increased on average 9% per year over the past years, reaching EUR4 billion in 2019, with market players significantly focusing on certain segments, per an analysis by strategic consultancy firm Roland Berger, conducted in March-August 2020.
Romania’s Competition Council is looking into a transaction whereby regional investment fund SIF Banat-Crişana SA (SIF1.RO) plans to acquire the company Doosan IMGB SA.
Winemaker Cramele Recas, one of the largest actors on the Romanian wine market and the largest wine exporter in the country, expects a turnover of RON215 million (over EUR44 million) in 2020, up 8% on the year, per company data.
Electronics retailer Altex has announced the opening of a new store, in Botosani, starting October 1, following an investment of over EUR500,000.
Swedish lender Hoist Finance AB has decided to enter the Romanian market and to operate as a branch, saying its activity starts in September 2020, according to Ziarul Financiar.
Romania's general consolidated budget posted a deficit of RON54.77 billion in January-August 2020, or 5.18% of the gross domestic product, more than half of which was due to financial measures taken by the government to fight the Covid-19 outbreak, finance ministry data showed Tuesday.18948 items