Romania Feed

Automotive component manufacturers Compa Sibiu has set up a company, Arini Hospitality, to develop the Mercure - Ibis project.

The Avram Iancu international airport in Cluj-Napoca carried its 1,000,000th passenger on Tuesday, Sept 21, 2021.

The shares of Connections Consult, a Romanian company founded in 2005 and specialized in providing software and IT services, will start trading on the AeRO market of the Bucharest Stock Exchange under the ticker symbol CC, on Wednesday, September 22, 2021.

French Accor Group continues the expansion of the ibis Styles brand in Romania, by opening a hotel in Brasov, held by Kronstadt Hotel and operated via a management contract.

Andreea Cosmanescu was appointed interim administrator of regional investment fund SIF Oltenia (SIF5.RO), effective September 15, 2021.

Mercedes-Benz Trucks&Buses Romania will deliver 40 eco-friendly buses, running with compressed natural gas, to Sibiu City Hall, under a contract worth RON77 million (EUR15.7 million).

Romania’s central bank has approved the appointment of Theodor Stanescu to the position of general manager of Crédit Agricole Romania, which was acquired by Vista Bank, controlled by Greece’s Vardinogiannis Group.

MMM Autoparts, which produces tubes for the automotive industry, reported a turnover of RON149.2 million (EUR31 million) for 2020, down 17% on the year, per calculations by Ziarul Financiar based on finance ministry data.

Agroserv Mariuta, the company behind Laptaria cu Caimac brand, reported a turnover of RON25.6 million for the first half of 2021, up 25% on the year, and a net profit of RON598,822, up 53% from the same period in 2020, per the company’s financial report.

BestJobs Recrutare SA, the company that manages job recruitment platform BestJobs, ended the first half of 2021 with a turnover of RON14.5 million, up 41.2% on the year, and a net profit of 329%, up to RON3.9 million, per the company’s half-year financial report.

Bento, Intellectually Curious, a Romanian entrepreneurial company specialized in developing and implementing software solutions and providing IT and Cloud infrastructure services, reported revenue of RON11.9 million for the first half of 2021, up 88% on the year, given the company’s intense activity in terms of both recurring contracts and new projects, which contributed 72% to its revenue.

Allianz-Tiriac in the first half of 2021 underwrote premiums worth over RON768 million, up 12% against the similar period of last year and around 10% higher than in 1H/2019.

Romania’s Rodbun, owned by Alexandru Iancu and Daniel Muntean, will deliver grain seeds to Africa’s Democratic Republic of Congo and expects its operations to top EUR5 million in the first two years.

Lithuanian-held Apex Alliance group, which owns five hotels in Romania, forecasts an occupancy rate of at least 60% by yearend for Marmorosch hotel of Bucharest’s old town, as the best leisure/business mix is registered by the units the group controls in this area.

Manole Gheorghe and Vasile Domente, one of the most influential businesspeople of Buzau, owners of Eximprod group, are strengthening their statute of major wind project developers via two new wind farms.

Grand Plaza Hotel company, which controls Bucharest’s Sheraton hotel, in 2020 saw turnover slump by 80% to RON 12 million, from RON61 million in 2019, in line with Finance Ministry data.

TMD Friction Romania, owner of Textar brake pads brand, for 2020 reported a turnover worth RON227.1 million (EUR47.1 million), up 2.5% from the previous year, according to Finance Ministry data.

Sales of non-alcoholic or low-alcohol beer rose by 5.1% last year, to RON236 million, according with ZF calculations based on Euromonitor data. The growth pace slowed down significantly in 2020, a pandemic year, but the segment was however the only one of the overall beer market to go up during the pandemic.

Pentalog Romania, a French-owned provider of software development and consultancy services, present in Romania for over two decades, in 2020 went beyond the EUR36 million (RON178.1 million) threshold in terms of turnover, posting over 5% growth against the previous year.

Drywall products maker Etex Building Performance (Siniat Romania), part of the Etex Group, posted RON145 milion revenue in the first half, an increase of almost 10% on the year-ago period, as a result of the strategy to expand in retail and residential segments with products and solutions for new projects and renovations.