Romania Feed

Pharmaceuticals company Sanofi Romania, the local division of French giant Sanofi, has announced the appointment of Thomas Bosment as Country Head of its Consumer Healthcare (CHC) business unit.

DN Agrar Group, the largest integrated farm in Romania and leader in cow milk production, in the first six months of 2023 saw net profit top RON15 million, up over 200% from 1H/2022.

Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0753 units/euro in the coming 12 months, while the average inflation rate is expected to reach 7.58%, sightly higher from the 7.52% level anticipated in July.

Autonom group, founded by brothers Marius and Dan Stefan, is readying to launch, in October, a new ridesharing service, called Blue, which will thus enter competition with players such as Uber, Bolt or Elec.

Local startup Youni, which develops the platform of the same name for pupils who want to study at universities abroad, will open its second education hub of Romania, in Craiova.

Nord group (the former Provita), founded by Palea family, will open the hospital of Pipera in October, in a EUR30 million investment.

TMD Friction Romania, which owns the Textar brake pads brand, posted RON311.8 million (EUR63.2 million) revenue in 2022, up 20% compared with the previous year’s RON259.7 million (EUR52.8 million), ZF has calculated from Finance Ministry data.

SIF Imobiliare (SIFI.RO), a company operating in the real estate sector and 99% held by Lion Capital (LION.RO), on Wednesday (Sept 27) reported a net profit of EUR12.45 million for the first half of 2023, more than fivefold higher than the EUR2.35 million level reported in the same period of 2022.

Devero Impex posted RON16.5 million (EUR3.3 million) revenue in 2022, up 16.3% on the previous year’s RON14.1 million (EUR2.8 million), ZF has calculated from Finance Ministry data.

ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, had a net profit of RON693,000 in the first half of 2023, from RON1.9 million in the year-earlier period, 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.

Agroserv Mariuta (MILK.RO), a Romanian agricultural company and owner of the Laptaria cu Caimac dairy brand, posted sales of RON36.3 million in the first half of 2023, an increase of 23% compared with the year-ago period.

Libra Internet Bank and Hercesa Romania have signed a new financing contract worth RON33 million for the construction of a real estate compound.

Most Central and Eastern European (CEE) countries have had a free market economy for only 30 years; as the region’s economies are relatively young, the pursuit of profit remains a central priority for most businesses and investors, as per the survey “Unlocking private capital for social good in Central & Eastern Europe” carried out by the Social Impact Alliance for Central & Eastern Europe.

Andreea Magraon, who started her career as a Ziarul Financiar journalist and then served as marketing manager for Trust communications agency, FlixBus and Bolt, has joined online supermarket Sezamo, as chief marketing officer, the retailer announced.

OMV Petrom, the largest integrated energy company in Southeast Europe, has signed a contract for the purchase of natural gas with BOTAŞ, the national oil and gas company of Türkiye.

Mindspace, a global flexible workspace provider, unveiled the results of a recent survey among employees from industries worldwide regarding shifting sentiment towards the workplace.

Made in Romania, the program of the Bucharest Stock Exchange, announced and awarded on Tuesday, September 26, the finalist companies of this year, the future growth engines of the Romanian economy.

Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one.

Ardealul Carei, a major vegetable oil producer locally, in 2022 generated net profit worth RON81.7 million (EUR16.5 million), up almost 42% on the year.

Sporting goods retailer Sportisimo, present in Romania since 2015, plans to continue expanding on the Romanian market, which it deems as one of the most important for the group.