Romania Feed

Businessman Eusebiu Gutu has acquired the assets of the former insolvent chemical plant Nitroporos Fagaras, part of InterAgro Group, for EUR8.2 million.

Romanian state-owned lender CEC Bank announced that it completed the acquisition of a 99.993% ownership stake in the Rural Credit Guarantee Fund (FGCR) from BRD Groupe Societe Generale, Banca Comerciala Romana and Raiffeisen Bank.

Nestlé Romania, one of the largest players on the food and beverage market, saw a 19.2% organic sales growth across its ten product divisions, in the first half of 2023.

AQUILA Part Prod Com (AQ), market leader in integrated distribution and logistics services in Romania and the Republic of Moldova, will benefit from Market Maker services provided by Raiffeisen Bank International, starting August 7, 2023.

Romania's Finance Ministry raised RON798.8 million from banks on Thursday (July 27), selling government paper maturing in October 2028, at an annual average yield of 6.61%.

The district heating plant in the portfolio of insolvent company C.E.T. Arad has been sold for EU27.3 million, representing 90% of the market value, through open bidding.

The group of companies formed by OMV Petrom Marketing (OPM), OMV Hungária Ásványolj Kft/ OMV Hungária Kft. (OMV HU) and OMV Slovensko s.r.o (OMV SK) have received approval for a European funding contract with the European Executive Agency for Climate, Infrastructure and the Environment (CINEA) for the project "Accelerate the Central and East European Ultra-Fast Charging", with the support of the Ministry of Transport and the Ministry of Investments and European Projects.

Matei Lucescu, who in 2019 brought back to life Grivita craft beer brand, one of the most loved beers of the ‘90s, has this week opened the second production unit, in the wake of EUR6 million investments from own funds.

A day before reporting Q2/2023 results, set to be under the impact of solidarity taxes, Petrom has announced the much-awaited special dividend it proposes to shareholders.

Galati-based builder Tancrad aims to reach the RON420 million threshold in turnover this year, meaning a 15% increase from the RON364 million registered last year.

Car parts manufacturer Bos Automotive Products Romania, the local subsidiary of Germany’s BOS GmbH&Co. KG, last year posted turnover worth RON445.4 million (EUR90.3 million), up 8.5% year-on-year.

Floorboard producer Barlinek Romania, the local subsidiary of Polish group Barlinek controlled by billionaire Michal Solowow, for 2022 reported turnover of RON293.4 million (EUR59.5 million), around 53% higher than in 2021.

Metro Romania plans to build two new warehouses from scratch, in Bucharest and Cluj, with these set to be used for delivery operations.

Ramnicu Valcea-based Don Pedro, a major Romanian producer of tissue paper, with 250 employees, ended 2022 with turnover worth RON226 million (EUR46 million), up 40% from 2021, after investing to double production capacity.

Orange Romania, the leader of the local telecom market, reported a consolidated turnover of EUR377 million in the second quarter of 2023 (including the former Telekom Fix), down 1.2% on the year.

The Hampton by Hilton Hotel in Targu Mures, an investment worth EUR11 million of the Multinvest Group and co-funded by the Pro Economica Foundation, was inaugurated in July following works that took two years.

Cerealcom Group, one of the most successful Romanian agribusinesses and the country’s largest producer and exporter of cereals, has signed a club loan-type revolving credit financing worth EUR100 million.

Romania's Competition Council is looking into a transaction whereby the fund Innova/7 SCA SICAV – RAIF intends to take over, through Fastnet S.a.r.l., the company Netopia Holding and the firms controlled by Netopia, respectively Netopia Financial Services, Web2SMS, Mobilpay and MPX Pay Services.

The new head office of Citi Romania in capital city Bucharest, located in the Tiriac Towers office building, has received the LEED for Interior Design and Construction (LEED ID+C) certification following a certification process coordinated by real estate consulting firm Colliers.

City Grill restaurant group, one of the leading players in the Romanian HoReCa industry, announces the completion of an investment worth almost EUR2.5 million for the modernization of the Buongiorno Italian restaurants in capital city Bucharest, a project started in 2019.