Romania Feed

Monsanto, one of the largest producers of pesticides and genetically modified crops, in 2022 generated turnover worth RON730 million (around EUR150 million), 32% higher than in 2021.

BRD, the second largest bank at the Bucharest Stock Exchange (RON10.2 billion) and the third largest bank by assets (RON71.5 billion in 2022), announced in a stock market report Wednesday evening that its Chief Executive Officer (CEO), François Bloch, decided to renounce his mandate starting September 26, 2023 in order to pursue a new opportunity within the Societe Generale Group.

Signal Iduna companies registered a volume of underwritten gross premiums of over RON200 million in the first half of 2023, up 34% from the year-earlier period.

The Jimmy Key company from Turkey, with over 30 years of experience in womenswear, will open the first store in Romania, within the ParkLake Shopping Center in Bucharest, developed by Sonae Sierra.

Décor retail chain Homelux, owned by entrepreneur Omer Susli, has opened a new store this week, within the River Plaza Mall shopping center in Ramnicu Valcea.

Law firm Filip & Company has assisted RCS & RDS and the subsidiary DIGI Spain Telecom S.L.U in contracting a term loan in the amount of EUR100 million, over a four-year period; ING Bank N.V. and Banco Santander acted as mandated lead arrangers.

Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has managed to achieve 99.8% of the investment plans undertaken for 2022, according to Mihaela Suciu, General Manager of DEER.

Klarna, the AI-powered global payments network and shopping destination, has unveiled the results of a survey focused on GenZ and Millennials’ shopping habits, showing that 93% of GenZ and 83% of Millennials shop online at least once a month.

Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 3.8% in June 2023 compared to June 2022, data from Romania’s National Statistics Institute INS showed on Wednesday (August 2, 2023).

Romanian authorities seized more than 80 million contraband cigarettes with a market value of over RON65 million (EUR13 million) in January-July 2023, according to data centralized on www.stopcontrabanda.ro, the only real-time centralizer of contraband cigarette seizures in Romania.

New car registrations in Romania increased by 23% on the year to a total 87,275 units in January-July 2023, data from the association of automotive manufacturers in Romania (ACAROM) showed on Wednesday (August 2).

The European Bank for Reconstruction and Development (EBRD), the Bucharest Stock Exchange (BVB), and VERTIK have selected three companies to participate in the "Investor Relations and Liquidity Support Program" launched in Romania earlier 2023 and expected to conclude at the beginning of 2024.

Spanish group Duro Felguera will start works for the construction of the new power plant of Iernut, the investment being scheduled to be completed in 16 months, with the possibility of extension in line with contract stipulations, natural gas producer Romgaz, a partner in the project, has announced.

ADA Fabrica de Mobila, a major furniture producer in Romania, in 2022 generated turnover of RON197.5 million (EUR40 million), down 5% from the previous year, in line with ZF calculations based on Finance Ministry data.

Carrion Expedition, a Spanish-held freight transport company of Cluj-Napoca, for 2022 reported turnover worth RON273.1 million (EUR55.4 million), down 13% from the previous year.

Carrefour Romania’s gross sales in the first half of this year topped RON1.3 billion, after an 11.5% increase from the year-earlier period.

Investment fund ACP Group wants to seal four-five deals this year in Romania, being in advanced talks for agreements in fields such as healthcare, retail and agribusiness.

Romanians shopped online for almost EUR7 billion in 2022, of which more than half was allocated to clothing and electronics, according to data of the eBook eCommerce Growth Strategies report drafted by Limitless Agency, one of the digital marketing agencies on the market.

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (August 1) announced its shareholders in a stock market report that it placed with Romania’s import-export bank Eximbank a term deposit without auto-renewal option in the total amount of RON44 million, with the interest rate negotiated on July 31, 2023.

Germany's Allianz Group is switching to an integrated approach of its corporate operations in Central and Eastern Europe (CEE), including Romania, under the ”Allianz Commercial” concept, in order to better cover the corporate insurance segment.