Construction company Bog’Art, held by businessman Raul Doicescu, has started works on Art City, a real estate project worth EUR20 million located in northern Bucharest and due for completion in October 2022.
Airline Blue Air posted 65% decline in revenue to merely RON757 million last year, compared with RON2.1 million in 2019, the company said.
DIY retailer Dedeman, the largest entrepreneurial business in Romania and the leader of its market in this country, saw revenue up 10.5% to RON9.082 billion (EUR1.877 billion) in 2020, Finance Ministry data show.
Pharmaceutical wholesaler Dona Logistica posted RON1.1 billion revenue in 2020, an increase of 17% year-on-year, ZF has calculated from the data the company supplied.
British American Tobacco (Romania) Trading, the largest company of the BAT group in this country, ended 2020 with RON11.3 billion (EUR2.35 billion) revenue, 5.8% higher than in 2019, ZF has calculated from Finance Ministry data.
Vel Pitar, the leader of the local milling and bakery market, plans to invest RON43 million in technologies that will allow it to make products with a longer shelf life, without E numbers or preservatives. Part of the investment, RON11.2 million, will come from EU funds and the rest is self-funded.
Air passenger rights specialist Air Claim has completed a private stock placement early on Monday, raising RON2.48 million from investors.
Five transactions with logistics centers were concluded in Romania in the first quarter of 2021, four of which had CTP as buyer, the largest developer and administrator of industrial and logistics parks in Romania and Central and Eastern Europe (CEE) founded by Dutch Remon Vos.
Logistics and parcel delivery company DHL Express Romania saw a 6% increase in revenue on the year to RON364 million in 2020 due to significantly higher volumes on the e-commerce segment.
Romanian airline Blue Air will be connecting the country’s city of Iasi to 14 local and international destinations, by introducing direct flights to London Heathrow and Bucharest Otopeni, while also operating 12 connecting flights from Iasi via its hub in Bucharest, within the 2021 summer schedule.
Vegan restaurant operator Samsara Foodhouse, based in Cluj-Napoca, has inaugurated its first restaurant in capital city Bucharest, on the ground floor of mixed-use project ONE Floresca City.
Agricultural seeds producer KWS Seminte, the Romanian division of German KWS SAAT SE & Co. KGaA Group, is investing EUR6 million in retrofitting and upgrading its corn processing and conditioning station in Braila, according to company representatives.
Alliance Healthcare, formerly known as Farmexpert, the third largest medicine distributor on the local market, ended 2020 with a turnover of RON3.8 billion, up 8% on the year, per calculations by Ziarul Financiar (ZF) based on company data.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 1.53% a year on Monday (May 31), after stagnating at 1.54% in the last 14 days.
Banca Comerciala Romana (BCR) listed on Monday (May 31), the largest bond issue on the Bucharest Stock Exchange (BVB), worth RON1 billion. The bonds listed today under the ticker BCR28 are traded on the BVB’s Main Market.
Romania’s five regional investment funds SIFs listed on the Bucharest Stock Exchange saw a 2.3% growth in combined net assets to RON10.5 billion in April 2021, considering that all five SIFs saw increases, according to Ziarul Financiar (ZF).
Romania's seasonally adjusted unemployment rate stood at 5.7% in April 2021, lower by 0.1% than the 5.8% level reported in April 2020, data from the country's statistics board showed Monday.
Help Net, the third leading actor on the pharmaceutical retail market in Romania, ended 2020 with RON1 billion sales, an increase of 32% on the previous year, ZF has calculated from the data the company supplied.
MOL Romania, the local subsidiary of Hungary’s MOL group, ended last year with RON5.54 billion (EUR1.15 billion) revenue, about 20% lower than in 2019, Finance Ministry data show.
Paint, coatings and other construction material manufacturer Daw Benta has begun construction of its face brick plant in Mures County. The investment stands at RON17.5 million and the manufacturer of state aid for it.