Romania Feed

The media market in Romania shrank 3.8% in 2020, to EUR462 million, due to the coronavirus pandemic, but, the second half of 2020 and the beginning of 2021 show a strong comeback, with the market being expected to exceed half a billion euros (EUR514 million) in 2021, 11% higher than in 2020 and 7% higher than in 2019, per the Media Fact Book annual report by media agency Initiative Romania.

CEZ Romania, one of the largest players in the field of electricity supply and distribution, said it was planning to access European Union funds, through all programs available, in the amount of EUR500 million, adding it already submitted the list of projects to the energy ministry.

Superbet, the largest sporting bets operator in Romania, with over 1,000 agencies across the country, has opened a new location within the City Gate project in Bucharest in a transaction assisted by real estate consulting company Cushman & Wakefield Echinox.

Deloitte Romania is expanding its management team by promoting Claudiu Ghiurluc as Partner in auditing and assurance operations.

Brokerage company TradeVille has reached some 20,000 clients that carry out transactions on the platform, both the instruments listed on the Bucharest Stock Exchange and on the large global stock exchanges.

Deloitte Romania announces the appointment of Claudiu Ghiurluc, a senior professional with outstanding contributions in serving clients and developing teams, in the role of partner within the audit and assurance practice.

Armchair and sofa manufacturer Italsofa Romania, subsidiary of Italy’s Natuzzi group, made 98% of its revenue from exports last year.

Grocery retail chain Mega Image ended last year with RON7.2 billion sales, an increase of almost 9% on 2019, driven by both offline expansion by almost 90 stores and the growth of the online operations.

Unicarm, the largest entrepreneurial company in Satu Mare and one of the largest actors on the meat market in Romania, plans to open at least 10 to 15 stores this year and increase number of employees to more than 3,500.

E.ON Energie Romania has installed about 100 public and private charging stations for electric cars as part of the E.ON Drive project and plans to expand its network to 300 stations in the next two to three years, said Claudia Griech, who became E.ON Energie Romania CEO at the beginning of May.

NN Group and the pension funds it manages have raised their holding in Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) to 5.01%, the issuer said in a stock market report Monday.

Project1, a general contractor company specializing in design and build for office spaces, announced Monday it has appointed Cosmin Ionescu.

The European Commission has opened an investigation into Romania's EUR190 million support measures in favor of state-owned airline Tarom, it said in a statement Monday.

Romania's finance ministry on Monday raised 420 million lei (EUR85.25 million) selling bonds maturing in October 2030 at an average yield of 3.36%, central bank data showed.

Italy's AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, will invest EUR300 million to build an eco-friendly rebar and wire rod factory in Romania.

A&D Pharma, part of Dr.Max Group, which owns Dr.Max pharmacy chain, has leased a warehouse of 9,000 square meters within the CTPark Sibiu project located in western Sibiu, being the second largest distribution hub, after the hub in capital Bucharest, which covers over 27,000 sqm.

Transport Trade Services (TTS.RO), Romania's biggest freight transporter on the Danube, which is majority held by entrepreneur Mircea Mihailescu, has concluded a contract with SSIF BRK Financial Group for the market maker activity on the Bucharest Stock Exchange.

Telios Care, one of the leading providers of telehealth services in Romania, has raised a new financing worth EUR700,000, having Cluj-based software solutions developer Fortech as lead investor.

Swedish-held Medicover, the third largest private medical service provider in Romania, on Monday said it was investing EUR20 million in a new hospital in Pipera area (northern Bucharest), which will have 150 beds.

Retail pharmacy network Ducfarm in Cluj posted RON255 million sales in 2020, an increase of 15% year-on-year, ZF has calculated from Finance Ministry data.