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Individual investors bought RON145 million worth of government bonds for the general population in the two days since the issue was launched.
Shareholders of Alro Slatina (ALR.RO), the largest aluminum producer in Romania, have decided at their general meeting of Nov 10 to name Banca Export-Import a Romaniei (Eximbank) as leader of a Syndicate of Banks for a USD235 million credit facility contracted in December 2015 and coordinated at that time by Raiffeisen Bank International.
The COVID-19 pandemic will disrupt consumer holiday shopping plans worldwide, according to the fifth edition of the EY Future Consumer Index released Tuesday.
Apartment prices in Romania’s large cities grew 2.4% in October 2020, after a decline of 0.9% in September, despite the COVID-19 pandemic.
Romanian apparel maker Braiconf Braila (BRCR.RO) has decided to change the strategy regarding its retail segment and will be closing a significant part of its stores located in shopping malls.
ManpowerGroup, specializing in recruiting services, has leased 1,063 square meters within The Light One office building developed and held by River Development, in order to expand its activity.
Fashion Days, the largest online fashion retailer in Romania, expects to end the year with some 550 million lei sales on the local market, an increase of more than 60% on the previous year, when local sales stood at RON325 million.
Packaging manufacturer Promateris, formerly known as Prodplast, plans to make a EUR7 million investment in a new biodegradable packaging plant in Crevedia, Dambovita County.
The average net salary in Romania grew 1.4% in nominal terms in September 2020 compared with August 2020, to 3,321 lei (around EUR682), data from the country's statistics board showed Tuesday.
Unilever group, one of the largest actors on the fast-moving consumer goods market, is developing manufacturing operations in Romania by investing in the plant in Ploiesti to meet rising demand for food.
Europeans have an average per capita purchasing power of EUR13,894 in 2020, down 5% on the year, but disposable income among the 42 studied countries varies significantly, according to the GfK Purchasing Power Europe 2020 study.
Romania's finance ministry on Monday raised 923.9 million lei (EUR189.8 million), versus RON600 million planned, selling bonds maturing in January 2028 at an average yield of 3.04%, central bank data showed.
Romania's finance ministry on Monday raised a planned 400 million lei (EUR82 million) selling treasury bills maturing in May 2021 at an average yield of 2.32%, central bank data showed.
ASBIS Romania, the local subsidiary of Cyprus-based IT&C distributor ASBIS, expects a nearly 25% increase in turnover at the end of 2020, up to RON212.8 million ($51.9 million).
Parcel delivery service company DPD has leased new storage space totaling 5,500 square meters, in the cities of Arad, Bucharest and Brasov, in order to expand its capacity on a regional level, considering that the electronic commerce in Romania has potential to see the biggest growth in the European Union in 2020.
The use of offices is about 40-50% of the usual level before the outbreak of the pandemic, while the the vacancy (contractual) rate of office spaces is 10.8%, with a significant difference between class A (8.2%) and class B (18.2%) offices, a report by Cushman & Wakefield Echinox showed Monday.
Real estate consulting firm CBRE has been selected by developer Skanska to provide property management services for the Campus 6.2 and Campus 6.3 office buildings located in the central-western part of capital Bucharest.
Dental clinic chain Dr. Leahu, the second largest player on the local dental services market, announced Monday it was opening its first clinic abroad, in London, a GBP400,000 investment.
Romania's trade balance posted a deficit of EUR13.058 billion in January-September 2020, EUR998.5 million higher (+8.3%) compared with the same period in 2019, data from the country's statistics board showed Monday.19674 items