The hotel sector continued its rebound in 2023, with a sustained increase in leisure tourism, with the number of Romanian tourists accommodated in local hotel structures nearing 7 million, very close to a record high, and also above the average of pre-pandemic years, reveals Colliers’ annual report.
Patria Bank (stock symbol: PBK) has informed investors in a stock market report on March 18 that Romania's National Bank approved the appointment of Grigore-Valentin Vancea to the position of Chief Executive Officer (CEO) and member of the Executive Committee of Patria Bank.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, inched up to 6.08% a year on Monday (March 18) after edging down to 6.07% a year on Friday (March 15).
Hexing Technologies Europe SRL, a subsidiary of Hexing Group, a provider of green energy solutions, listed at the Shanghai Stock Exchange, has leased 8,000 square meters within the Timisoara I Industrial Park project, held and operated by Globalworth.
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted pre-tax profit of EUR92 million in Romania in 2023.
Romania's Finance Ministry raised RON807 million from banks on Monday (March 18, 2024), selling benchmark bonds with a scheduled value of RON600 million due in April 2031, at an annual average yield of 6.58%.