Romania Feed

Electrica (EL.RO), a major player on Romania’s electricity distribution and supply market, in a stock market report on October 25 announced the signing of the first non-reimbursable financing contract under Investment Measure I1 - Supporting investments in new electricity production capacities from renewable wind and solar energy sources, from the National Recovery and Resilience Plan (PNRR).

LIFE Group, which owns dental clinic chain Life Dental Spa, will be investing EUR4 million in at least ten dental clinics, four units under the "Life Beauty” brand and a multifunctional clinic, in capital Bucharest and other cities across Romania.

The European Investment Fund (EIF) has signed agreements with five banks to support Romania’s small and medium-sized enterprises (SMEs).

Infinity Capital Investments (SIF5 – formerly known as SIF Oltenia), which has an ownership stake of 37% in Electromagnetica (ELMA.RO), a producer of electrical equipment and electricity, plans to buy the remaining shares from investors through an offer for which it is offering RON0.181 per share.

The turnover of the local pawn shop market increased by 23% compared to 2021 and was two times higher than in 2013, touching a record high, of over RON1.6 billion in 2022.

Julius Meinl Romania, one of the biggest players on the premium coffee market, posted RON75.9 million (EUR15.4 million) revenue in 2022, up 42.5% from the previous year’s RON53.2 million (EUR10.8 millions), according to ZF calculations based on information from the Finance Ministry website.

Interpork Plus, which sells meat and meat preparations and is part of the Carmistin group, owned by the Paraschiv family, posted RON460.5 million (EUR93.4 million) revenue in 2022, up 52.7% on the previous year’s RON301.6 million (EUR61.3 million), according to ZF calculations based on data from the Finance Ministry website.

Black Friday, one of the busiest periods for retailers and parcel delivery companies, could generate a 10% to 15% increase in deliveries for the latter compared with last year, the actors in the market say.

Romanian shipbuilder Santierul Naval Severnav (SEVE.RO) based in Drobeta Turnu-Severin, has signed a financing contract with the energy ministry, within the National Recovery and Resilience Plan (NRRP), for the production of electricity from renewable sources.

Startups and small companies in Romania, with up to 50 employees, have posted a total 131,000 new jobs from the beginning of 2023 until present.

The BET index of the Bucharest Stock Exchange (BVB) reached a new all-time high in September 2023, showing a level of 14,466 points at the end of the trading session on September 20.

Donalam SRL, the Romanian subsidiary of the AFV Beltrame Group, one of the largest producers of merchant bars and special steels in Europe, continues its presence in both local and international markets.

Freight forwarder Dumagas is set to launch a process of investing in AI-based solutions, digitalization and automation, with a focus on boosting the operational efficiency of the business.

Online supermarket Sezamo, part of Czech group Rohlik, has posted increases of around 50% monthly by volume lately, but the growth potential on the Romanian market is even biggest, particularly on the segment of families, but also pensioners and persons with special diets.

Oyl Company Holding, a company operating in the field of road construction and held by entrepreneur Corneliu Dragomir, ended 2022 with a turnover of RON229.1 million (EUR46.5 million), up 18.3% from RON193.5 million (EUR39.3 million) in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.

Concrete prefab manufacturer Prebet Aiud (PREB.RO) has announced in a stock market report on October 24 the conclusion, as seller, of a contract for the supply of prestressed products, whose value exceeds 10% of the net turnover.

Orange Romania, one of the leading players on the local telecom market, registered revenue of EUR384 million for the third quarter of 2023, down 4.7% on the year, as per data provided by the company.

The Supervisory Board of Romania's national grid company Transelectrica (TEL.RO) has approved in its October 24 meeting the extension of mandates for the members of Directorate for Stefanita Munteanu, Catalin Constantin Nadulu, Florin Cristian Tataru and Bogdan Toncescu.

Fondul Proprietatea (FP.RO) has received approval from the Financial Supervisory Authority (ASF) for a new buy-back program of up 12% of its share capital, the Fund’s manager, Franklin Templeton International Services, said in a report to the Bucharest Stock Exchange on Tuesday.

Grain producer Prodcereal in Calarasi County, majority owned by Vasile Stoica (73%) and Lucia Stoica (27%), posted RON93.4 million (EUR19 million) revenue in 2022, up 147% from the previous year’s RON37.8 million (EUR7.7 million), according to ZF calculations based on data from the Finance Ministry website.