Romania Feed

Yildiz Entegre Romania, part of the Turkish group of the same name that operated the MDF plant of Oarja, Arges county, ended 2022 with turnover worth RON723.1 million (EUR146.6 million), up 23.5% from 2021, in line with ZF calculations based on Finance Ministry data.

Adidas Romania, part of German group Adidas, has opened a 542-sqm outlet in the outer area of Promenada Craiova mall, thus reaching a seven-unit network locally.

Romanians spent EUR2.5 billion on foreign trips this summer, up 19% from last summer, in line with ZF calculations based on NBR data. The sum is double the one registered in the summer of 2019.

Hello Holidays’s 2023 results mark a 200% increase from 2019, the year before the Covid-19 pandemic, which pummeled tourism.

Real estate developer One United Properties (ONE.RO) has informed the capital market that One Proiect 16, a subsidiary fully owned by One United Properties, concluded a sale and purchase pre-agreement for the acquisition of several plots of land located in capital city Bucharest, for a total price of EUR17 million, the developer said in a stock market report on Monday (October 16).

Romania's national grid company Transelectrica (TEL.RO) announced in a stock market on Oct 16 the signing of a memorandum of understanding (MoU) to perform a feasibility study for the construction of a high-voltage direct current (HVDC) transmission line and conversion stations on the territory of Romania.

Romania's Finance Ministry raised RON999 million from banks on Monday (October 16) selling treasury bills maturing in 2024, at an annual average yield of 6.13%.

Germany’s Nordex, world leading wind turbine manufacturer, got its first order for Romania in years at the end of last month. The wind energy market boomed between 2009 and 2014, but then completely froze. Things are changing this year.

The factoring market exceeded the EUR4 billion mark at the end of the first half of 2023, up almost 10% versus the year-earlier period, with domestic factoring operations nearing EUR3.5 billion, up 17% on the year, as per the half-year market survey conducted by the Romanian Factoring Association (ARF).

Electrical and electrotechnical component manufacturer Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller Group, posted RON359.5 million (about EUR73 million) revenue in 2022, up 13.5% from the previous year’s RON316.8 million (EUR64.4 million), according to ZF calculations based on Finance Ministry data.

Romania's stock of modern industrial space reached 6.91 million square meters in the first half of 2023, after the delivery of 223,000 square meters since the beginning of the year, data from real estate consultancy CBRE show.

Evergent Investments (EVER.RO) announced in a stock market report on October 16 the initiation of the third stage of the share buyback program no. 8 in accordance with the Extraordinary General Meeting of Shareholders Resolution no. 2 of April 27, 2023 and in compliance with the Board of Directors Decision no. 1 of October 16, 2023.

Garanti BBVA Leasing, part of the Garanti BBVA Group, has signed a new EUR20 million loan agreement with the International Finance Corporation (IFC), a member of the World Bank Group.

Deloitte Romania assisted Innova Capital, a leading private equity firm in Central and Eastern Europe, with the acquisition of the majority stake of NETOPIA Group, one of the longest-established payment service providers in Romania.

Dental clinic network Dr. Ardeleanu is opening a new stomatology center in Slobozia, in the wake of a EUR600,000 investments, thus reaching five centers nationwide.

Continental group has reached total investments of EUR600 million in the tire plant of Timisoara after 25 years of activity. And production has topped 300 million tires.

Bacau-based group Agricola, a major producer of poultry, cold cuts and ready meals in Romania, has come to get almost one quarter (22%) of sales from abroad, with foreign receipts rising 6% from 2022.

Private equity fund Mid Europa Partners has mandated investment bank Citi to find a buyer for store network Profi, one of the biggest retailers locally by turnover (EUR2.4 billion last year) and network (over 1,600 stores), according to ZF sources.

Termoplast company of Roman, Neamt county, a producer of PVC and aluminum doors and windows, controlled by local entrepreneurs, aims for EUR18 million turnover this year, from EUR15 million in 2022, when it doubled its business.

Only 11% of Romanians could financially cope with the costs of repairing or replacing goods affected by a potential climate-related disaster that would affect their home, as per the latest sociological survey carried out by IRES for the National Association of Insurance and Reinsurance Companies in Romania (UNSAR)