Romania Feed

Automotive, farming and transportation electric wiring maker E-Cablaje, held by Italy’s Cable Company SPA and Lobogest SPA, posted RON76.7 million (EUR15.5 million) revenue in 2023, an increase of about 14.7% on the RON66.9 million (EUR13.5 million) in 2022, ZF has calculated from Finance Ministry data.

Canned food maker Prefera Foods held by entrepreneur Raul Ciurtin, on Monday notified the Bucharest Stock Exchange of having ended the first half of 2024 with RON1.83 million loss after having sold several brands, compared with a net profit of RON8 million in the first half of 2023.

Botosani-based suit manufacturer Formens, held by French entrepreneur Losson Gerard Justin Joseph, for 2023 reported a turnover of RON287 million (EUR58 million), up nearly 3% from a RON278.6 million (EUR56.5 million) turnover reported in 2022, in line with finance ministry data.

Prodalcom Botosani, the producer of the Voronskaya vodka brand, owned by three Romanian entrepreneurs, ended 2023 with a turnover of RON28 million (EUR5.6 million), up 3.2% from a RON27.1 million (EUR5.5 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from finance ministry data.

Adiss (stock symbol: ADISS), a Romanian company specialized in water treatment, has announced on Monday (Sept 16) that it concluded a significant contract worth RON22.9 million for the expansion and rehabilitation of water treatment stations, including infrastructure works essential for water sources and water supply networks.

A devenit deja tradiție ca în duminica de după „Înălțarea Sfintei Cruci”, Preasfinția Sa Vasile Bizău să fie prezent în Comunitatea surorilor „Maica Îndurerată” din Sighetu Marmației, care își sărbătorește cu mult fast hramul mănăstirii. În acest an, sărbătoarea a avut loc duminică, 15 septembrie 2024 și a cuprins o seară de rugăciune, sâmbătă, [...]

Telecommunications operator Digi Communications (DIGI.RO) announced that on September 16, its Romanian subsidiary issued a notice of full redemption of EUR450 million senior secured notes (2.5% interest) due in 2025. The actual redemption date is September 27.

Redăm mesajul Preafericirii Sale Cardinal Lucian Mureșan cu ocazia celei de-a XXV-a ediții a Întâlnirii Episcopilor Catolici Orientali din Europa. Mesajul a fost transmis de Preasfinția Sa Cristian Crișan, Episcop Auxiliar al Arhieparhiei de Alba Iulia și Făgăraș.   Mesajul Preafericirii Sale Lucian Card. Mureșan, Arhiepiscop și Mitropolit al Arhieparhiei de Alba Iulia și Făgăraș, [...]

Iulius Mall Suceava has begun an expansion process that will result in the largest retail area in the north of Romania, over 60,000 square meters, in an investment estimated at EUR40 million.

Romania's Finance Ministry raised RON500 million from banks on Monday (Sept 16), selling government paper at an annual average yield of 6.48%.

Romania's IT industry, which has seen significant growth until recent years, is now feeling the effects of the global economic crisis; compared to two years ago, the budgets allocated for IT services have decreased by approximately 20%, as per an analysis by OVES Enterprise, a Romanian software development company with expertise in creating complex software solutions and AI innovations for aerospace, defense, and cybersecurity industries.

Romanian ed-tech start-up Youni, which developed the younichoice.com platform that helps students find the right university abroad, has attracted a new financing round of EUR1 million from Czech fund Soulmates Ventures (lead investor), which was joined by the fund Early Game Venture.

ALD Automotive I LeasePlan launches in Romania, Ayvens, its new global mobility brand, uniting the two companies together under a single common identity.

More than two-thirds (73%) of European bank clients have kept their primary account at the same institution for five years or longer, but Romanian clients are less loyal to their bank compared to their European peers, considering that one in five Romanians work with at least three different banking institutions, as per a survey conducted by management consulting company Kearney.

German retailer Lidl continues to invest in Romania by opening three new stores in Bucharest, Sibiu and Rasnov, for which 86 new jobs have been created.

Romania’s Competition Council is assessing the deal whereby Greece’s Public Power Corporation (PPC) plans to take over local companies Felix Renewable Holdings SRL, Tomis Team SA, Ovidiu Development SA, MW Team Invest SRL and TMK Hydroenergy Power.

Dacia’s Mioveni plant will implement a new car paint process in the coming period, a reason why Renault group has asked for a RON37.5 million state aid to cover almost half of the overall RON85 million sum.

Financial analysts part of CFA Romania Association anticipate a 4.95% inflation rate for the next 12 months (August 2025), higher than they estimated one month ago, and an average exchange rate of 5,0735 units/Euro, in line with the August survey.

A team of deal specialists of PwC Romania has assisted US company Kiteworks in the deal whereby it acquired 123FormBuilder of Timisoara, a cloud-based platform that enables businesses to digitize and automate data collection workflows using online forms and surveys.

Romanian precast concrete product manufacturer ASA CONS, owned by Consolis group, has budgeted RON5 million investments for 2024 to develop production.