Romania Feed for Thursday, December 15, 2022

• Initiative Romania: Local Media Market Sees 7% Higher Revenue, Of EUR642M, In 2022
• GlobalLogic Will Pay EUR240M for Fortech Cluj
• International Finance Corporation Provides EUR20M Loan To Patria Bank
• Euromoney Names UniCredit Bank In Romania As Market Leader In Corporate Banking
• Agroland Business System Strengthens Its Management Team
• Romania Ranks 13th In The EU With 116.891 New Car Registrations In Jan-Nov 2022
• Fondul Proprietatea Revises Valuation of Its Hidroelectrica Stake Downwards
• Undelucram.ro Seeks To Raise EUR400,000 On SeedBlink
• TBI Bank, Also Present In Romania, Reports 33% Higher Net Profit, Of EUR30M, For Jan-Sept 2022
• Mazars Report Shows European Banks' Expected Credit Loss Levels In H1/2022
• Analysis: Retailers Expected To See 5% To 20% Annual Declines In Number Of Products Sold In Dec 2022
• Deloitte: Companies In Communications, Media, Commerce Invest Nearly 90% Of Marketing Budgets In Digital Activities
• Radu Hanga, BVB: From 9 Listed Firms and RON26M Capitalization in 1995, Stock Exchange Now Has 370 Firms and RON150B Capitalization
• PwC Romania Includes Romanian Fintech Finqware’s Solutions in Process Automation Services Portfolio
• Pehart Tec Extends 2020 Syndicated Loan to EUR78M
• OVES Enterprise: Romania’s Software and Services Market Suffers Sudden Slowdown at Yearend
• Minifarm Pharmacy Chain Expects 2022 Turnover to Rise by 27% To RON317M
• Major Bulgarian Landowner Buys Rural Capital from Universitatea Craiova Owner
• Ukrainian IT Businesses Moving to Bucharest, Iasi and Cluj
• Moldova’s Largest Bank Gets Shareholders’ Vote to Go Public on Bucharest Stock Exchange