Romania Feed

Romanian entrepreneurial company Secom, a dietary supplements, teas and cosmetics importer, wholesaler and retailer, will be investing over EUR530,000 in its own retail network, in 2023.

Zambelli Metal, part of Germany's Zambelli Group, a company operating in the field of metal processing, has selected Romanian electricity supplier Electrica Furnizare to carry out a turnkey solar (PV) photovoltaic power plant project at Zambelli factory in Sfantu Gheorghe (Covasna County).

The total hydrocarbon production of OMV Petrom (SNP.RO), Romania's largest oil and gas company, stood at 113,500 barrels of oil equivalent (boe) per day in the third quarter of 2023, down 3.2% from the same period of 2022 and slightly lower versus the previous quarter, as per data aggregated by Ziarul Financiar (ZF) daily from a report published by Petrom at the Bucharest Stock Exchange.

Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), reported gross written premiums of over RON1.1 billion in the first half of 2023, higher by 5% from the same period in 2022.

Vodafone and Orange have achieved a significant milestone by successfully conducting a pilot project involving real 4G calls over shared commercial network sites in rural Romania, utilizing Open Radio Access Network (RAN) technology.

Romania's finance ministry has raised RON534.8 million and EUR191.3 million (values amounting to just almost RON1.5 billion – EUR300 million) through the 13th primary offer for the sale of government securities dedicated to retail investors (FIDELIS) held in the last four years, using the Bucharest Stock Exchange (BVB) systems.

Law firm Filip & Company assisted growth investment fund Agista in its acquisition of an over 30% stake in medical clinic network Centrokinetic, specializing in orthopedics, neurology and medical recovery.

Metal roofing tile producer Blachotrapez, owned by the Polish group of the same name, in 2022 generated turnover worth RON134.7 million (EUR27.3 million), up 22.8% from 2021, in line with ZF calculations based on Finance Ministry data.

Construction company Viarom Construct, owned by Marius Daniel Badina, for 2022 reported turnover worth RON210 million (EUR42.6 million), up 12% from 2021, in line with ZF calculations based on Finance Ministry data.

Europack Media, a company of Constanta that manufactures baby wet wipes, founded by local entrepreneurs, ended the first nine months of 2023 with 25% higher turnover and expects the same advance, or even 30%, for next year as well.

Anglo-Dutch group Unilever has announced it will close, by end-2024, the powder detergent plant of Ploiesti, where it manufactured Romanian brand Dero, with the activity set to be relocated.

PKO Bank Polski, Poland’s largest state-owned bank, with assets accounting for almost 70% of the Romanian banking system, has announced it is set to start operations in Romania in early 2024.

Promateris (PPL.RO), a Romanian industrial group and the main producer of biodegradable packaging in Central and Eastern Europe (CEE), has announced in a stock market report on Oct 6 the finalization of the Green Energy project for the manufacturing of bio-based packaging.

Holcim Romania, the largest building materials manufacturer in Romania by turnover, has invested over EUR25 million to increase by 20% the production capacity of the cement plant in Campulung.

Sphere Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romani, as well as the KFC units in Italy and the Republic of Moldova, has announced in a stock market report on October 6 the opening of a new KFC restaurant in Craiova, within the Promenada Mall, starting with October 5, 2023.

Medical imaging clinic network Medima Health has opened a new clinic in the town of Bacau, in the wake of a EUR1.6 million investment, which takes the network to 14 operational clinics on the local market.

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported assets of RON114.6 billion for August 2023, as per data released by Romania’s Financial Supervisory Authority, or ASF.

Czech real estate developer CTP has signed a contract with Raben Logistics Romania, a unit of the Dutch logistics group Raben, for the lease of 1,300 square meters of warehousing space.

Mineral water producer Apemin ZIZIN, owned by Lazar family of Brasov, for 2022 reported turnover worth RON97 million (EUR19.6 million), up 26.4% from the previous year, in line with ZF calculations based on Finance Ministry data.

Harbor operator Comvex Constanta will invest in the building of new silos in a bid to boost warehousing capacity, currently standing at 200,000 tons, by 20%, according to the company’s representatives.