Romania Feed

Romania’s Hidroelectrica, the largest electricity producer in Romania, is summoning its shareholders on March 29, 2021, to approve a memorandum with Austria's largest electricity provider Verbund in order to jointly develop the project “Green Hydrogen @ Blue Danube” aimed at producing, transporting and selling “green” hydrogen.

Agroland Business System, the most extensive farming store chain in Romania held by businessman Horia Cardos, will start trading its shares Monday, March 1, under the ticker symbol AG, on the alternative trading system AeRO of the Bucharest Stock Exchange, per stock market data.

Enel X, the Enel Group’s advanced energy solutions business line and Sterling and Wilson Pvt Ltd (SWPL), a Shapoorji Pallonji group company and India’s leading engineering, procurement and construction (EPC) company, have entered into a joint venture (JV) aimed at accelerating the electric vehicle (EV) uptake in the Indian subcontinent. Starting from April 2021, the […]

Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) ended 2020 with a net profit of RON38.44 million, down 41.7% on the year, and a turnover of RON294.8 million, down 26.1% on the year, per calculations by Ziarul Financiar (ZF) based on the preliminary financial report released Friday.

BRK Financial Group (BRK.RO), the only broker listed on the Romanian stock market, ended 2020 with a consolidated net profit of RON1.5 million, down 79.5% from 2019, amid revenue from the intermediation activity of RON11.5 million, up 63.9% on the year, per calculations by Ziarul Financiar (ZF) based on the preliminary financial report released Friday.

Car parts manufacturer Compa Sibiu (CMP.RO) ended 2020 with a net profit of RON14.5 million, down 55.6% versus 2019, and with total revenue of RON557.9 million, down 27.3% on the year, per calculations by Ziarul Financiar (ZF) based on a preliminary financial report released Friday.

Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estimates a 4.2% economic growth for Romania end-2021.

Sphera Franchise Group (“Sphera”) reported consolidated sales of RON 710.8 million in 2020, representing a decrease of 25.6% compared to the performance in 2019. The result is well-above the revised estimate, as communicated in the current report published on October 22nd, 2020. The Group’s consolidated sales in the Q4 2020 amounted to RON 208.4 million, […]

Salarium Fintech Company has completed the development stage of its application, now available in Google Play and AppStore, thus becoming the first platform of salary advance payment and financial education in Romania.   With the help of Salarium mobile app, employees of Romanian companies can request salary advances, without fees or interests. Salarium can integrate […]

Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, on Friday reported a net profit of RON328.9 million for 2020, compared with a loss of RON44.5 million registered in 2019.

Telekom Romania Group on Friday reported consolidated revenue of EUR951 million in 2020, down 3% compared with 2019, while its EBITDA adjusted to IFRS16 grew 6.6%, to EUR150.7 million, marking a second consecutive year of growth.

Globalworth and Global Vision announce new tenants for the first phase of the Constanța Business Park project. Mobexpert is among the new members of the Globalworth Industrial community, Globalworth’s logistics and light industrial sub-brand. The leading company on the Romanian furniture market leased an area of approx. 2,000 sqm. Continuing the global eCommerce growth trend, […]

Romania's finance ministry is listing three Fidelis bond issues for the general population on the Bucharest Stock Exchange in a primary offer running between March 1 and March 19.

Erste's Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, on Friday reported a net profit of RON814.1 million (EUR168.3 million) for 2020, 27% higher than in 2019, driven by lending growth and higher operating earnings, partly offset by higher risk costs.

MedLife Group (M.RO), the leader of the private medical services market in Romania, on Friday reported a net profit of RON62 million for 2020, up 246% compared with 2019.

Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, reported a net loss of RON2.3 million for 2020 (excluding the impact of IFRS 16 adoption), compared with a profit of RON64 million in 2019.

Equiliant Capital, the own investment fund of Paval brothers, the owners of do-it-yourself chain Dedeman, on Thursday announced the first investment, respectively, the acquisition of a minority stake in Victoria, a dental and imaging services chain.

Banca Transilvania (TLV.RO), Romania’s largest lender in Romania by assets, ended 2020 with a net profit of RON1.476 billion, at group level, down 20% on the year, and operating revenue of RON4.5 billion, down 1.6% on the year.

Romania's state-owned postal operator Posta Romana (CNPR)on Thursday announced the start of the largest investment of the last four decades for upgrades and digitalization.

Shareholders of Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, approved the issue of corporate, convertible, unsecured bonds, with an option of early repurchase, in the total amount of EUR1.5 million, which will be subsequently listed on the secondary market of the Bucharest Stock Exchange, per a stock market report.