Romania Feed

Museum of Immersive New Art (MINA), an innovative initiative presented by George.BCR and conceived by One Night Gallery and Le Petit, is set to open starting August 25 in Bucharest and become the first immersive space in Romania and the largest new media art center in Southeastern Europe.

Publicis Groupe, a marketing, communications and digital transformation group, present for over 25 years on the Romanian market, is launching a new communications and PR agency, Publicis Relations, which is aiming to bring onto the local landscape a different business or society problem solving approach.

SafeTech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, has reported turnover worth RON13.5 million in the first half of this year at an individual level, up 26% from the year-earlier period and net profit of RON3.9 million, 49% higher than in 1H/2022.

Furniture maker and retailer Mobexpert last week opened a concept store-type unit in Piatra Neamt in the wake of an investment of around EUR600,000.

Timisoara-based lighting fixtures and systems manufacturer Elba for 2022 reported turnover worth RON289.5 million (EUR58.7 million), up around 14% from the previous year, in line with ZF calculations based on Finance Ministry data.

Furniture and home products retailer JYSK, is expanding further in Romania and is set to open a new store in Calafat city, Dolj county, thus hitting a 135-unit network locally.

Integrisoft Solutions, a developer and provider of software applications and solutions for central and local public administration, posted 9% decrease in revenue to EUR4.5 million (RON22.7 million) last year, compared with EUR5 million (RON24.9 million) in 2021, Finance Ministry data show.

Romania's Finance Ministry raised RON674 million from banks on Monday (August 21), selling government paper with a nominal value of RON500 million due in October 2028, at an annual average yield of 6.69%.

Global provider of benchmarks, analytics, and data solutions FTSE Russell announced the results of the six-month review that will be implemented as of September 18, 2023. All seven Romanian companies in the FTSE Global All Cap will keep their position in the indices.

The Bucharest hotel market remains attractive for hotel operators to expand their networks in Central and Eastern Europe (CEE). Bucharest is the 5th most attractive market out of 20 cities in CEE in terms of the interest of the main operators to invest in new hotel facilities in the next period, real estate consultant Cushman & Wakefield says in a report.

The number of job vacancies in Romania dropped by 7,708 in the second quarter of 2023 against the previous quarter, to 39,371, while the job vacancy rate stood at 0.77%, down 0.16% from the first quarter, data from the country’s statistics board INS showed on Monday, 21 August.

Bucur Obor, the company managing the Bucharest shopping center of the same name, reported RON7.57 million net profit for the first six months of 2023, up 4.81% from the year-earlier period.

Adservio Social Innovation SRL, the company behind learning platform Adservio, for 2022 reported RON10.09 million turnover, up 125% on the year.

Mirdatod Prod company, which owns Telemea de Ibanesti brand, aims to generate a 10% turnover increase, in line with that of the first half of the year, according to the company’s officials.

Drug maker Infomed Fluids ended 2022 with record turnover growth against previous year. Thus, it reported RON190 million turnover, up 38% on the year.

SW Umwelttechnik Romania, the local subsidiary of the Austrian company of the same name, a maker of precast concrete products, has added two new production halls to the plant it owns in Cristesti, Iasi county.

Baboia Solar Plant, a project company owned by Enery Elment GmbH, on July 21 got the technical greenlight to connect to the network for a 535 MW project in Giurgiu.

Constructii Erbasu, a company owned by local entrepreneur Cristian Erbasu, holds projects totally worth EUR1.5 billion in its portfolio.

Telecom operator Digi Communications (DIGI.RO) has informed the local capital market about the decision to distribute dividends to the company's shareholders following a recent proposition of the Board of Directors.

The Mutu family of local entrepreneurs, which owns grocery retailer Annabella and canned food producer Raureni, will be investing EUR5 million in the Group's second retail park to be located in Ramnicu Valcea.