Romania Feed

Car parts maker Altur Slatina (ALT.RO) wants to carry out a bond issue worth maximum RON10 million and to take a loan of RON3.4 million from one of the company’s shareholders, Adrian Andrici, to pay out overdue taxes to the state budget.

Integrated agricultural group Rodbun, whose operations include farm input wholesale and grain trade, has contracted a financing worth RON84.5 million through a syndicated loan.

Dairy company Artesana, owned by Alina and Daniel Donici, has started the construction of a new factory that will triple its production starting April 2022, within an investment of over EUR5 million, backed by private equity firm ROCA Investments, through bank financing and via a non-reimbursable grant from the state worth nearly EUR2.3 million.

TeraPlast Group, the biggest Romanian-held building materials producer, received the approval of Romania’s Competition Council on April 13, 2021 for acquiring 70% of the shares of flexible packaging producer Somplast.

AAylex Group, one of the leading actors in the poultry industry in Romania, set out to attain growth of 20% in 2021, following the addition of new products and development of sales.

Ford Puma is the model with the most new car registrations in Romania in the first three months of the year, data from Romania’s motor vehicle department DRPCIV show.

Germany’s automotive wiring and electronic systems manufacturer Kromberg & Schubert has sold its plant in Timisoara to the Continental Group, local automotive industry sources say.

German discount grocery retailer has launched self-checkout registers in 30 of its stores in Romania. It means that a little over 10% of total units on the local market have this type of registers operating without cashiers, where customers can scan their items by themselves.

Organic fertilizer producer Norofert (NRF.RO) said in a stock market announcement Tuesday that it closed the first stage of the share capital increase operation, which was carried out between March 12 and April 11, 2021.

The Bucharest Stock Exchange (BVB) has announced that the first bond issue of Alive Capital, supplier of electricity and electrical service provider, will start trading on BVB’s Multilateral Trading System (MTS) on April 14.

Romania’s freelance recruitment market will grow over 40% in 2021, according to estimates by online recruiting platform BestJobs which launched employment services for freelance jobs, based on projects, under the slogan #FreeTheWork.

Italy’s UniCredit Group, which holds the fifth largest bank on the Romanian market by assets, has approved the appointment of Sorin Dragulin to the position of Chief Executive Officer (CEO) of UniCredit Consumer Financing Romania, the non-banking financial division of UniCredit Group, starting May 2021.

In order to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romanian state-owned natural gas producer Romgaz is considering a funding mix, such as a syndicated loan, own sources and a potential bond issue.

Romania's current account balance posted a deficit of EUR1.627 billion in January-February 2021, quadruple from a deficit of just EUR431 million in the first two months of 2020, central bank data showed Tuesday.

Polish private equity fund Innova Capital has completed the acquisition of UK PayPoint’s Romanian divisions, PayPoint Services SRL and Payzone SA, six months from the start of the process, and the transaction amounts to approximately £48 million.

Insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) expects to exit insolvency at the end of 2021, way before the deadline stipulated in the reorganization plan, considering that the company managed to keep its contracts with customers and suppliers and its staff numbers returned to the initial level.

ING Bank Romania has granted a credit facility of RON10 million to Agrinvest Credit IFN to increase lending for small and mid-sized farmers and to cover the company’s working capital needs in 2021.

Romanian-held Vexio, an online retailer of consumer goods, computer and electronics products, home and garden products and school supplies, expects a 25% increase in sales to EUR25 million this year, as consumers will continue to do a lot of shopping online, due to the pandemic.

Romania's annual inflation rate inched down to 3.05% in March 2021 from 3.16% in February 2021, data from the country's statistics board showed Tuesday.

The component shortage has grown worse and is already affecting more than the automotive industry, having spread to the computer and electronics and bicycle industries, so analysts expect a difficult time ahead with unavailability of goods on store shelves and price increases.