Romania Feed

Cerealcom Dolj, the largest agribusiness company of the group owned by entrepreneur Mihai Anghel, ended 2022 with a net profit of RON64 million, compared to RON20.6 million in 2021, as per finance ministry data.

The Romanian M&A market is starting to feel the impact of the global and regional economic context in 2023, after a good year for local deals last year, especially in the energy and IT sector, but not only there.

Real estate developer One United Properties (ONE.RO) has announced in a stock market report on Wednesday (Sept 13) the conclusion of a lease contract in the amount of EUR57 million with a tenant whose name is confidential.

Romania's current account balance posted a deficit of EUR11.89 billion in January-July 2023, lower than the EUR15.2 billion level reported in the same period of 2022, central bank data showed on Wednesday (September 13, 2023).

The total value of investment transactions in Romania reached EUR168 million in first half of 2023, roughly half compared to last year’s level, with the industrial and logistics segment accounting for about 36% of volumes and the office segment for about 31%, as per Colliers’s market report for the first half of 2023.

Real estate developer Impact Developer & Contractor (IMP.RO) has obtained the building permit for a new access road to the Greenfield Baneasa residential complex.

Romania’s industrial production decreased by 6.2% in unadjusted data in July 2023 versus July 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-11.3%) and manufacturing (-6%), data from the country’s statistics board INS showed on Wednesday (September 13, 2023).

Romania's annual inflation stagnated at 9.4% in August 2023, a level similar with the one reported in July 2022, data from the country's statistics board INS showed on Wednesday (September 13).

The passenger car output of the two automotive plants of Romania, Dacia and Ford, in the July-August 2023 period dropped by 4.5% year-on-year, to 58,929 units, in line with data provided by the country’s carmakers association ACAROM.

Transport and logistics company SLS Cargo, owned by FAN Courier, is launching the first intermodal terminal it operates exclusively in industrial park P3 Bucharest A1, in the wake of a RON1.9 million investment.

Nespresso, part of Swiss giant Nestle, will in 2023 reach a ten-store network in Romania, said Ana-Maria Doxan, business executive officer at Nespresso Romania.

Romania’s food retail landscape is undergoing steady changes and in the past year this has again become visible as almost all formats are losing ground to discounters, which are increasingly favored by local consumers in a period with still high inflation.

Iproeb Bistrita (IPRU.RO), one of the largest local manufacturers of electrical cables and conductors, has informed the local capital market through a report about the finance ministry's decision to grant a state aid in the maximum amount of RON48.2 million.

UniCredit Romania has prolonged its lease agreement for the UniCredit HQ building in capital city Bucharest with real estate company Globalworth.

Romanian maritime port operator Socep Constanta has concluded a contract worth EUR10.4 million with Swiss company Bühler GmbH, Socep has announced the local capital market in a report released on Sept 12.

The Board of Directors of Romaero Bucuresti (RORX.RO), a strategic company for Romania’s aerospace and defense industry, has appointed Ionel-Daniel Butunoi as Chairman of the Board, following a decision of September 11.

Pharmaceutical producer Biofarm Bucuresti (BIO.RO) has sold a plot of land to the company Iancu de Hunedoara Residence SRL for approximately EUR5 million.

Druid AI, a startup developing AI-powered intelligent virtual assistants for companies, established by a team led by entrepreneur Liviu Dragan in 2018, has secured new funding – a series B round of $30 million.

Electronics devices producer Visual Fan (ALW.RO), which owns the Allview brand, ended the first six months of 2023 with a consolidated net profit of RON2 million, down 44.8% on the year, and a turnover of RON44.9 million, down 11% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company's half-year financial report published at the Bucharest Stock Exchange.

Alfa Software, a provider of IT systems for companies, ended the first half of 2023 with a turnover of RON8.4 million, up 44% from the same period of 2022, according to company representatives.