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Oil Terminal Net Profit Soars 57% YoY To RON6.3M In 1Q/2021
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) ended the first quarter of 2021 with a net profit of RON6.3 million, up 57% on the year, and a turnover of RON47.8 million, (...)
May 13, 2021
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Filmed in Romania: Thriller starring Michael Keaton, Maggie Q, Samuel L Jackson to be released in August
Martin Campbell’s The Protégé, which was partly filmed in Romania, will be released in theaters on August 20. The film was co-produced by Bucharest-based Frame Film, the producers of the Romanian (...)
May 13, 2021
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MedLife Group Reports More Than Fivefold Rise In Net Profit YoY To RON36M In 1Q/2021
MedLife Group (M.RO), the leader of the private medical services market in Romania, ended the first three months of 2021 with a net profit of RON36.1 million, increasing more than fivefold (...)
May 13, 2021
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Romania Average Net Salary Grows 5.4% On Month In March 2021
The average net salary in Romania grew 5.4% in nominal terms in March 2021 compared with February 2021, to 3,547 lei (around EUR720), data from the country's statistics board showed (...)
May 13, 2021
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Kärcher Continues Investment in Romania
Germany’s Kärcher group has a plant in Curtea de Arges and will open a new one in the same city in 2021. The investment in the two plants stands at EUR35 (...)
May 13, 2021
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Romania’s Annual Inflation Rate Hits 3.2% In April 2021
Romania's annual inflation rate stood at 3.2% in April 2021 compared with April 2020, data from the country's statistics board showed Thursday.
May 13, 2021
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CEZ Got EUR964M From Sale of Romanian Operations
Czech Republic’ CEZ group got CZK24.6 billion (EUR964 million) from the sale of its operations Romania to Australia’s Macquarie in the largest deal in Romania’s energy sector in the last few years, (...)
May 13, 2021
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Builder Bog’Art To Expand into Road Construction
Romanian-held builder Bog’Art seeks to expand into road construction and to European Union member countries.
May 13, 2021
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Billionaire Daniel Dines wants 5% stake in RO developer One United
Daniel Dines, the founder of automation software maker UiPath, is reportedly in talks to buy a 5% minority stake in Romanian premium real estate developer One United Properties before the (...)
May 13, 2021
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Romanian lender Libra Internet Bank ponders EUR 40 mln bond issue
Libra Internet Bank, controlled by the US investment fund New Century Holdings (NCH), wants to issue bonds of up to EUR 40 mln, with a fixed or variable interest rate, Ziarul Financiar reported. (...)
May 13, 2021
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Italian medical services provider enters Romanian market by takeover
Italian private medical services provider Auxologico entered the Romanian market by taking over the Cardiorec clinic, with annual revenues of over RON 6 mln (EUR 1.2 mln). Cardiorec, located (...)
May 13, 2021
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Italian-owned steel plant in Romania hires 50 to meet increasing demand
The Donalam steel plant in Calarasi, southern Romania, part of the Italian group Beltrame, has started a process of recruiting over 50 new employees to meet increasing demand. Donalam, one of (...)
May 13, 2021
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Kärcher opens EUR 20 mln vacuum cleaners factory in Romania this fall
German group Kärcher, the world leader in cleaning technology, will inaugurate a new production unit in Curtea de Arges, central Romania, in October, upon an investment of EUR 20 mln, News.ro (...)
May 13, 2021
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RO Parliament’s expert committees endorse 5G bill with no amendments
The committees for information technology, defense, public order, and national and legal security, discipline and immunities of the Romanian Chamber of Deputies issued a positive opinion on the (...)
May 13, 2021
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RO central bank keeps monetary policy unchanged in line with expectations
Romania's National Bank (BNR) maintained the refinancing rate (1.25%) and its entire set of policy instruments unchanged in the May 12 monetary board meeting - confirming the consensus (...)
May 13, 2021
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Romania’s industry loses steam in Q1 after full post-crisis recovery
Romania's industrial production index increased by 13.4% in March compared to the same month of 2020, reversing the negative annual performances posted in the first two months of the year, the (...)
May 13, 2021
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EC improves Romania’s economic outlook, looks for more fiscal consolidation
The European Commission (EC) improved its forecast for Romania's economic growth this year by 1.3pp to 5.1%, under the Spring Forecast published on May 12. "After a milder-than-anticipated (...)
May 13, 2021
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