Romania Feed

Romania's finance ministry on Monday raised RON571 million (EUR115.4 million), close to the planned level, selling bonds maturing in 2029 at an average yield of 5.44%, central bank data showed.

Retail sales grew by 7.5% in Romania in 2021, above the European average of 3.3%, but below the 10.6% increase in Eastern Europe, in line with data from Retail Audit NielsenIQ.

Grup Şerban Holding (GSH.RO), a Romanian entrepreneurial company active in several fields in the agricultural sector, on Monday announced the signing of a significant contract with PepsiCo Romania regarding the development of a program for the delivery of potatoes for Lay’s chips produced in Romania.

Greenglass Recycling based in Popesti- Leordeni (Ilfov County) is investing EUR10 million in a new post-consumer waste glass recycling factory and in upgrades on existing installations, thus boosting its production capacity to 260,000 tons recycled per year.

Romania’s economic growth is expected to decelerate considerably in 2022 and 2023, after having reached very high dynamics from a historical perspective in 2021, yet significantly lower than previously forecast (in November 2021), the minutes of the monetary policy meeting of Romania’s central bank (BNR) say.

Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended 2021 with a turnover of nearly RON23 million, up 56% from 2020, and a net profit of RON6.1 million, up 99% on the year, in line with its preliminary financial report.

“A significant trend will be convergence and its adoption on a larger scale by users,” believes Florin Popa, Business to Business Director at Orange Romania, who sat down with Business Review to talk about the evolution and main trends of the technology and telecom sectors, two of Romania’s star sectors in 2022.   What will […]

Within the first subscription period, investors have injected over EUR 30 million into APS CREDIT FUND SICAV. The fund focuses on investments into so-called distressed debt transactions is expected to bring an average annual return of 12%. The APS Group has already identified investment opportunities totaling EUR 8 million for the fund and a substantial […]

Venture capital fund ROCA X on Monday a first round of investment in FilmChain, a fintech company dedicated to the film industry, with headquarters in London and New York, founded by Romanian entrepreneurs Maria Tânjală and Irina Albiţa.

Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging Markets, namely, MedLife (M), Purcari Wineries (WINE), Conpet (COTE), IMPACT Developer & Contractor (IMP) and Sphera Franchise Group (SFG).

Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, posts total revenues of 32.5 million lei in 2021, an increase of 76% compared to 2020, a turnover of 23 million lei, an increase of 56% compared to last year and a net profit of 6.2 million […]

Grup Șerban Holding (ticker symbol GSH), a Romanian entrepreneurial company active in several areas in agriculture, announces the signing of a significant contract with PepsiCo Romania regarding the development of the program for the delivery of potatoes for Lay’s chips produced in Romania. This is the third year of collaboration between the company and PepsiCo. […]

Greenglass Recycling, market leader in the industry of glass recycling in Romania, based in Popesti-Leordeni, Ilfov since 2013, invests 10 million EUR in a new post-consumer glass waste recycling plant, as well in the modernization of existing facilities, thus increasing its production capacity to 260,000 recycled tons/year.     The plant will be built in the […]

The third edition of the EY Reimagining Industry Futures Study reveals that enterprises are looking to 5G to help alleviate immediate business pressures brought by the COVID-19 pandemic and related global events. Forty-nine percent of respondents are prioritizing process optimization as a key application, compared with 28% who favor advanced 5G use cases featuring virtual […]

Italy’s fashion group Moncler, active on the luxury segment, will develop a new plant in Romania, where it will hire 300 people. The company will also build a kindergarten for employees’ kids. Total investments will revolve around EUR10 million.

Footwear retailer Benvenuti, controlled by local entrepreneur Dan Pavel, for 2021 reported turnover worth RON123.4 million (EUR25 million), up 26% year-on-year.

Focsani-based packaging producer Electric, owned by Buzaianu family, ended 2021 with EUR9 million turnover and for 2022 targets EUR13 million, according to the company’s officials.

2022 started with a positive signal for the hotel sector, with 277 accommodation unit construction sites being already underway by February 14, in line with data provided by IBC Focus, which operates a database about Romania’s constructions market.

Almost 700 construction companies in Romania entered insolvency or bankruptcy in 2021, in line with Trade Registry data.