Romania Feed

In 2021, the number of four-star units stood at 394, in line with National Statistics Board data. The considerable increase is mainly due to investors’ rising appetite for this field.

At 12:41 p.m. on Thursday, a DEALS transaction was registered in the Bucharest Stock Exchange system with a total of 13.1 million Evergent Investments (EVER) shares worth RON16.1 million.

Online fashion retailer DY Fashion expects to end 2022 with a turnover of EUR5 million, up almost 20% versus EUR4.2 million in 2021.

Romania's finance ministry raised RON216 million on Thursday (Sept 22), below the targeted level of RON400 million, selling bonds maturing in June 2026, at an annual average yield of 8.3%.

Romanian company Certion, which develops real estate projects in local seaside and mountain resorts, launches the real estate partitions, a concept initiated in the United States of America in early 1990s which refers to owning such a property together with other co-owners.

McCann Worldgroup Romania today promoted two managers, Ionela Buta, current chief operations officer, and Catalin Dobre, current chief creative officer, to the position of Co-CEO, after the end of the term of Sagit Tzur Lahav, who had run the communication company for the last nine years.

Urgent policy measures including adequate funding, the creation of smart city task forces and the availability of high-quality connectivity will be required to overcome barriers and ensure the European Commission achieves its ambitious mission of 100 carbon-neutral and smart cities by 2030, according to the latest Vodafone report.

Construction materials manufacturer Prefab Bucuresti (PREH.RO) said in a stock market report that on Sept 20 Romerica International SRL sold a total 6.5 million PREH shares, at a price of RON2.3 per unit, within a transaction amounting to almost RON15 million, as per calculations by Ziarul Financiar (ZF) daily.

Despite facing a far more difficult deal environment, 73% of dealmakers expect the level of European M&A activity over the next year to increase, up from 53% this time last year, as per the tenth edition of the European M&A Outlook published by CMS in association with Mergermarket.

Orange Romania, the leader of the Romanian telecom market, has expanded its 5G network to the central city of Sibiu, the company said in a statement.

Courier services company Nemo Expres Logistic (Nemo Express) on Thursday said it ended the first half of 2022 with a loss of RON7.1 million versus a loss of RON2.8 million in the year-earlier period, and a turnover of RON65 million, down 0.84% on the year, as per calculations by Ziarul Financiar (ZF) based on the company’s unaudited financial report sent to the Bucharest Stock Exchange.

Romania is considering getting a loan of approximately EUR4 billion from the European Investment Bank (EIB) and the funds will be used as co-financing for projects carried out under the National Recovery and Resilience Plan (PNRR).

Romania's finance ministry raised RON423.1 million and EUR120.6 million, respectively (values amounting to just over RON 1bn – EUR 206.6mn) through the ninth primary offer for the sale of government securities dedicated to retail investors (FIDELIS) held in the last three years using the Bucharest Stock Exchange systems.

Meta Estate Trust, a holding company operating in the real estate field, listed on the Bucharest Stock Exchange in late August, registered net profit of around RON700,000 in the first six months of this year, marking the transition from the loss of the first 9 months of activity.

Radu Timis Jr., CEO of CrisTim, one of Romania’s largest meat producers by turnover, controlled by Radu and Cristina Timis, expects the company’s turnover to go up by around 18-20% this year, also due to inflation.

The pet food and accessories market in Romania appears to be immune to the looming economic crisis, as specialist retailers continue development, even doing it at a fast clip, and when it comes to consumer spending, Romanians are buying cheaper food for them but not for their pets.

The latest BestJobs survey shows that 53% of Gen Zers and 45% of Millennials prefer earning more money in order to maintain a comfortable, carefree lifestyle to enjoying more vacation days.

Aquila Part Prod (AQ.RO), the leading player on the fast-moving consumer goods (FMCG) distribution market, has summoned its shareholders for October 14 to approve the distribution of a special gross dividend of RON0.02632 per share, as per the summoning note published at the Bucharest Stock Exchange.

Car parts producer Preh Romania, a division of the global supplier to the automotive industry, has leased 4,500 square meters of office space within the United Business Center (UBC), the Class A office component of the Palas Iasi mixed-use project developed by IULIUS Group.

PwC Romania has assisted grocery retailer Profi in the process of digital transformation and optimization of its Human Resources Department by implementing the SAP SuccessFactors solution which supports the basic HR processes such as recruitment, administration, performance and talent management.