Romania Feed

Romania's state-run natural gas transmission company Transgaz (TGN.RO) has officially taken over on Tuesday (Sept 19) the operation, maintenance, gas transmission and dispatching activities in the Republic of Moldova, through its subsidiary Vestmoldtransgaz SRL (VMTG).

Agroland Agribusiness, a Romanian entrepreneurial company part of Agroland group, specialized in the sale of farming inputs, registered operating revenues of RON28.6 million in the first half of 2023, up 11% from the year-earlier period.

HCLTech, a provider of consulting and IT services, saw turnover go up by over 98% at the end of 2022, to over EUR35.8 million (RON177.9 million).

Stripe, an Irish-American fintech valued at $50 million that has globally developed an infrastructure allowing companies to accept payments by card but also via different local platforms, has opened an IT center in Bucharest, where it plans to recruit several tens of specialists in 2023 alone.

Romanian shipbuilder Santierul Naval Severnav (SEVE.RO) based in Drobeta Turnu-Severin has notified shareholders in a stock market report on Sept 18 that it signed a EUR2.82 million commercial contract with Rensen Driessen Shipbuilding, a Dutch-held shipbuilder.

IT group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report about the signing of a significant contract by Data Consulting, a company part of Bittnet Group.

SANADOR, one of the largest players on the Romanian private medical services market, has opened a Center of Excellence in Diagnostic And Therapeutic Digestive Endoscopy, on Monday (Sept 18).

Investment group Evergent Investments, made up of the company Evergent Investments (EVER.RO) and nine branches, reported a consolidated net profit of RON44 million for the first half of 2023, as per a press statement.

Cargo Partner, the Romanian subsidiary of Austrian group by the same name, which provides road, rail, sea and air shipping services, is aiming for EUR70 million in 2023, lower than last year’s EUR92 million, the company officials said. This would be its first decline in revenue in several years.

Low and medium-voltage equipment supplier Electro-Alfa International posted RON261.5 million (EUR53 million) revenue in 2022, an increase of about 70% on the RON154,1 million (EUR31.3 million) of 2021, ZF has calculated from Finance Ministry data.

The global EY organization announces the launch of EY.ai, a unifying platform that brings together human capabilities and artificial intelligence (AI) to help clients transform their businesses through confident and responsible adoption of AI. EY.ai leverages leading-edge EY technology platforms and AI capabilities, with deep experience in strategy, transactions, transformation, risk, assurance and tax, all augmented by a robust AI ecosystem.

Pharmacy chain Evofarm is taking over 22 pharmacies owned by the company Farmacia de la Tara and located in the counties of Dambovita, Giurgiu, Ilfov and Teleorman.

Romania's Finance Ministry raised RON767 million from banks on Monday (Sept 18) selling treasury bills maturing in 2028, at an annual average yield of 6.59%.

Romania's Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out on a new offer on the Bucharest Stock Exchange, between September 18 and October 3.

Uni Systems, a strategic partner in the field of information technology and communications for financial institutions, public institutions and telecom operators in the European region, which offers integrated solutions and IT services, became the main provider of services for the European Union Agency for Cybersecurity (ENISA), company representatives said in a statement.

Holde Agri Invest, a Romanian-held company that operates farmland, in the first half of 2023 registered operating revenues of RON55.35 million, 45% above the level of 1H/2022.

The International Monetary Fund announced today that a team led by Jan Kees Martijn will be in Bucharest during the September 25-October 4 period to assess the state of the local economy, within the annual analysis carried out by the institution.

Restart Energy One, a major independent electricity and gas supplier, for the first half of 2023 reported RON124 million revenues, up 11%, and RON37 million net profit.

Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, plans to increase its turnover by around 30% this year, to around RON18 million (EUR3.6 million), as in the almost nine months of this year it managed to already clinch an around 40% turnover advance amid the high digitalization demand across industries.