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Software Company Life is Hard Gets Shareholder Approval For EUR1.5M Bonds

Thu, 25 Feb 2021 13:16:27 GMT

Shareholders of Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, approved the issue of corporate, convertible, unsecured bonds, with an option of early repurchase, in the total amount of EUR1.5 million, which will be subsequently listed on the secondary market of the Bucharest Stock Exchange, per a stock market report.

Prebet Aiud 2020 Net Profit Surges 51.4% YoY To RON8.5M

Thu, 25 Feb 2021 10:46:16 GMT

Prebet Aiud (PREB.RO), a manufacturer of precast products made of reinforced and prestressed concrete, ended 2020 with a net profit of RON8.5 million, up 51.4% on the year, and a turnover of RON41.4 million, slightly lower than RON41.7 million in 2019, per calculations by Ziarul Financiar (ZF) based on a stock market report.

Romcarbon Buzau Profit Grows 131% in 2020, to RON0.85M

Thu, 25 Feb 2021 10:07:57 GMT

Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, on Thursday reported a net profit of RON856,514 for 2020, 131.4% higher compared with 2019.

Grampet Launches Freight Rail Transport Operations in Slovenia

Thu, 25 Feb 2021 09:58:22 GMT

Grampet Group, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, announced Thursday it has launched operations in Slovenia, expanding its freight railway transport activity to ten countries in the region.

C&W Echinox: Bucharest Office Market Demand Seen Growing 20-30% in 2021

Thu, 25 Feb 2021 09:46:53 GMT

Demand for office spaces in Bucharest will increase by 20-30% this year, as a significant part of the major tenants are actively evaluating options for space optimization, real estate consultancy company Cushman & Wakefield Echinox said Thursday.

JLL: One Million Sqm Modern Stock in the Development Pipeline for 2021

Thu, 25 Feb 2021 09:26:00 GMT

Developers on the local property market have over one million square meters of modern industrial, office and retail stock in the pipeline for 2021, real estate consulting company JLL said in a market report Thursday.

SIF Oltenia Profit Drops 57% in 2020, to RON52.2M

Thu, 25 Feb 2021 09:02:24 GMT

Romanian regional investment fund SIF Oltenia (SIF5.RO) on Thursday reported a net profit of RON52.2 million, down 57% on the year.

Carrefour Romania Appoints Julien Munch as CEO

Thu, 25 Feb 2021 09:00:52 GMT

French-held Carrefour group, which has some 370 stores on various segments of the market in Romania, has appointed Julien Munch to run its local operations.

Romgaz Turnover Drops 19% in 2020, to RON4B, on Lower Gas Sales

Thu, 25 Feb 2021 08:53:07 GMT

Romanian state-owned natural gas producer Romgaz (SNG.RO) on Thursday reported a preliminary turnover of RON4.07 billion for 2020, down 19% on the year, as sales of natural gas dropped 10% in volume and over 24% in value.

Constructii Erbasu Owner: Construction Sector to Suffer Effects of Pandemic in 2021

Thu, 25 Feb 2021 08:31:13 GMT

The construction industry, too, will suffer the effects of the pandemic in 2021, after having been relatively safe so far, believes Cristian Erbasu, owner of Constructii Erbasu, the largest Romanian builder by 2019 results.

Antibiotice Iasi Net Profit Drops 16% in 2002, to RON25M

Thu, 25 Feb 2021 08:25:41 GMT

Antibiotice Iasi (ATB.RO), the largest pharmaceutical producer in Romania, on Thursday reported a 16% drop in net profit in 2002, to RON25 million.

Conpet Net Profit Flat in 2020, at RON58.9M

Thu, 25 Feb 2021 08:05:50 GMT

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a net profit of RON58.9 million for 2020, virtually unchanged from 2019, while its turnover declined a slight 0.2%, to RON406.93 million.

US Insurer MassMutual Rents 1,700 Sqm of Office Space in Record Park in Cluj-Napoca

Thu, 25 Feb 2021 07:57:08 GMT

US insurer MassMutual has rented 1,700 square meters of class A office space, occupying the second floor of Record Park building in Cluj-Napoca, developed by Belgium’s Speedwell.

Nuclearelectrica Net Profit Grows 28% in 2020, to RON684M

Thu, 25 Feb 2021 07:27:12 GMT

Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, on Thursday reported a net profit of RON684 million for 2020, up 27.8% on the year.

Artego Seeks To Pay Out RON4.3M Dividends From 2020 Profit, At 5.5% Yield

Wed, 24 Feb 2021 18:07:10 GMT

Romanian conveyor belt maker Artego Targu-Jiu (ARTE.RO) has summoned its shareholders on March 29, 2021 to approve the distribution of dividends in the amount of RON4.3 million from the 2020 net profit of RON10.6 million, respectively, a gross dividend of RON0.5264 per share, per a stock market report.

Nuclearelectrica Shareholders Called To Approve Increase Of EnergoNuclear Share Capital By RON25M

Wed, 24 Feb 2021 17:42:48 GMT

The Board of Directors of Romania's nuclear power producer Nuclearelectrica (SNN.RO) has summoned the company’s shareholders on April 5 to approve the strategy of continuing the project of Units 3 and 4 at the power plant in Cernavoda, per a stock market report.

SIF Oltenia Gets Shareholder Approval For Dividends At 4.7% Yield

Wed, 24 Feb 2021 14:53:00 GMT

Shareholders of regional investment fund SIF Oltenia (SIF5.RO) on Wednesday approved the distribution of RON52 million from its 2019 profit of RON124 million in the form of dividends to investors.

Bittnet Systems Buys 23% Of The E-Learning Company Shares For RON1.75M

Wed, 24 Feb 2021 14:07:08 GMT

Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and training services in the IT sector, said in a stock market report that it had successfully completed negotiations needed to join the shareholding structure of The E-Learning Company SA and thus signed the investment contract to buy 20,700 shares, or 23% of the share capital, for RON1.75 million.

Romania's Public Debt Hit 47.7% of GDP in 2020, at RON498.3B

Wed, 24 Feb 2021 13:01:28 GMT

Romania's public debt reached RON498.3 billion at the end of 2020, accounting for 47.7% of the gross domestics product, compared with 35.3% of GDP in 2019, finance ministry data showed Wednesday.

SIF Banat-Crisana Sells 1.9% In SIF Moldova; Reaches 3.2% Ownership

Wed, 24 Feb 2021 12:51:41 GMT

Regional investment fund SIF Moldova (SIF2.RO) said Wednesday in a stock market announcement that regional investment fund SIF Banat-Crisana (SIF1.RO) fell below the 5% ownership threshold in SIF2, reaching a holding of 3.193%, following a transaction carried out on February 19, 2021.