Dacia Returns to Growth in France; Registrations Grow 9% in June
07.03.2020
Romanian carmaker Dacia, owned by France's Renault, registered growth in new registrations in France in June for the first time in 2020, after double-digit decline in January-May.
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TeraPlast Recycling Completes Merger By Absorption Of Politub 07.03.2020
Building materials manufacturer TeraPlast Bistrita (TRP.RO) on Friday informed its shareholders about the completion of the proceedings of merger... more
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Lactalis Closes Floreni, Vatra Dornei Plants; Continues To Produce LaDorna Dairy Products At Albalact, Covalact Plants 07.03.2020
Lactalis Group has decided to close its Romanian Floreni and Vatra Dornei factories, included in the portfolio of the company Dorna Lactate, but... more
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German Companies in Romania See Revenue Decline, Recovery in 2021 at the Earliest 07.03.2020
German companies operating in Romania expect significant declines in turnover and see the economy recovering in 2021 at the earliest, according to... more
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World Bank Promotes Romania to High Income Group 07.03.2020
The World Bank has reclassified Romania as a high-income country from the upper-middle income category after incorporating 2019 data. more
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Transgaz Seeks RON300M Working Capital Loan 07.03.2020
Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its working capital. more
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Kingfisher Opens Construction Materials Outlet Near Bucharest 07.03.2020
UK's Kingfisher, owner of DIY retail chain Brico Dépôt, has opened a construction materials outlet center in Chiajna, near Bucharest. more
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Romanian Households Reach Net Wealth of RON2,157B in 2019 07.03.2020
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%,... more
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EFSI Mobilized EUR514B In Additional Investment Across The EU Since July 2015 07.02.2020
The European Fund for Strategic Investments (EFSI) has mobilized EUR514 billion in additional investment across the EU since July 2015 -- reaching... more
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European Commission Approves EUR800M Scheme To Support Crisis-Hit Businesses In Romania 07.02.2020
The European Commission (EC) has approved an approximately EUR800 million aid scheme to support companies in Romania that had been affected by the... more
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Minister: Romania’s Food Products Trade Deficit Reaches EUR1.4B 07.02.2020
Romania’s food products trade deficit has reached EUR1.4 billion, Agriculture minister Adrian Oros said Thursday, adding the ministry he runs... more
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Carrefour Launches New Store Concept In Bucharest - Bonteria Very & So 07.02.2020
French Carrefour Group has launched a new store concept in Bucharest, Bonteria Very & So, specialized in perfumes, make-up products, cosmetics,... more
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Accor Announces New Ibis Hotel Near The Future Terminal 2 Of Henri Coanda International Airport 07.02.2020
Accor Group has signed a management agreement with Alexandra Residence Design to open a 144-room ibis hotel, by end-2022, in the vicinity of the... more
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McDonald’s Seeks To Hire 700 People At Its Romanian Restaurants 07.02.2020
Premier Restaurants Romania, which operates McDonald’s restaurant chain, is carrying out a recruitment campaign across Romania, offering over 700... more
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Romania's Electricity Market Seen Nearing RON42B in 2020 07.02.2020
Romania's electricity market, including production, transport, trade and distribution, is estimated to near RON42 billion this year, after an... more
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ING: Four in 10 Romanians Spent Less, Three in 10 Saved More in Lockdown 07.02.2020
Approximately 46% of Romanians said they spent less during the coronavirus lockdown, above the EU average of 44%, and 31% said they saved more,... more
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PwC: Oil&Gas Firms Expect Digitization To Boost Their Revenue By 10%, Reduce Costs By 8.5% 07.02.2020
Oil and gas (O&G) companies anticipate digital applications will deliver on average a 10% increase in revenue due to increased production and... more
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Raiffeisen Bank Approves 1,000 Loans Worth RON500M Via IMM Invest Romania Program 07.02.2020
Raiffeisen Bank has approved 1,000 loans through the IMM Invest government program, in the amount of RON500 million. more
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Bucharest Court Dismisses SAPE's Claim of EUR800M from Electrica 07.02.2020
The Bucharest Court has issued a definitive ruling dismissing a claim by Romania's Energy Shareholdings Administration Association (SAPE) of EUR800... more
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Affidea Appoints Razvan Predica Country Manager of Romanian Operations 07.02.2020
Affidea group, the largest player on the local medical imaging services market, said Thursday it has appointed Razvan Predica in the position of... more
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Retailer Altex Set to Hire 1,000 People 07.02.2020
Electronics retailer Altex said Thursday it will be hiring over 1,000 people throughout the country to support its network expansion and... more
Romania is among the countries with the lowest or non-existent pandemic impact for German-held construction group HeidelbergCement, its
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Banks on the local market have donated over RON23.5 million for purchases of medical equipment and devices for over 220 hospitals from
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Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an
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The two car assembly factories in Romania, Automobile Dacia and Ford, produced a total 32,033 vehicles in March-April 2020 period,
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Altex Romania, the main player on the Romanian electro-IT market, seeks to invest over EUR25 million in expanding its network and
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Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday said it has summoned its shareholders on June 12, 2020
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One United Properties, the most active developer on the local market with six construction sites open, has sold 30% in One [Floreasca]
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Romanian state-owned power company Hidroelectrica said Thursday it has selected Dentons Europe SPARL to provide legal services in view
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Colliers: 9 in 10 Office Building Tenants Expect to Return to Offices in Summer
Nearly 70% of office owners and tenants expect the Covid-19 pandemic will affect their activity all year and estimate the first signs of recovery no sooner than 2021, according to a poll by Colliers among 60 owners and over 100 tenants, 30% of which are companies with over 1,000 employees.
