Romania Feed

Germany’s Kaufland group, the leader of the local retail by sales in 2019, according to the latest publicly available data, has a more than EUR375 million investment budget for this year, 25% higher than in 2020 and almost double the 2019 level.

Italy’s De’Longhi beat Arctic for the first time in 2020 and became the leading exporter of home appliances in Romania.

Brasov-based real estate developer Qualis Properties start trading its first bond issue on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange on Friday (April 9), under the ticker symbol QUAL24E.

Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, said in a stock market report Friday that it had received from KMG International NV, as its majority shareholder owing 73% of the share capital, a request completing the Agenda of the Ordinary General Meeting of Shareholders convened on April 26 (27), 2021 regarding the distribution of dividends.

Moody´s Investors Service ("Moody´s") on Friday upgraded to A3 from Baa2 the rating of the mortgage covered bonds issued by Alpha Bank Romania S.A., worth EUR200 million and launched by the lender in 2019.

OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report its total hydrocarbon production stood at 138,900 boe/day in the first quarter of 2021, down 7.5% compared with the first quarter of 2020.

Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) said Friday it has suspended for two weeks its notice of termination for the construction of the Iernut power plant.

The number of job seekers in Romania grew 70% in the first quarter of 2021, while the number of job openings remained stable at around 70,000, data from recruitment website eJobs showed Friday.

The pandemic dealt a serious blow to the exercise industry in 2020, when the entire market shrank by 40% to 50%, and 10% of the companies in this business did not make it, the representatives of Romania Active, the association of employers in the health and fitness sector say.

Romania's trade balance posted a deficit of EUR3.07 billion in the first two months of 2021, higher by EUR456 million compared with the first two months of 2020, data from the country's statistics board showed Friday.

Household consumers became the stars of the energy system in 2020, as working and learning from home or the newfound love of cooking took the residential demand for power to record volumes.

Alstom Transport, Spedition UMB and Sa & Pe Construct are the winners of the three largest public procurement contracts last year, when the top 20 such contracts were worth more than RON6.5 billion.

The stores in Romania and Cyprus of Greek-held toy retailer Jumbo doubled their sales in the first quarter of 2021, compared with the same period of 2020.

Nova Imobiliare, the developer of the Colosseum shopping center in northwest Bucharest, is starting a residential project that will be located in the proximity of the Colosseum shopping mall.

Romania's finance ministry on Thursday raised RON499.9 million (EUR101.5 million) selling bonds maturing in April 2022 and RON500 million (EUR101.5 million) selling bonds maturing in October 2030, at average yields of 1.91% and 3.02%, respectively.

Romania’s energy regulator ANRE has announced that state-owned gas natural transmission company Transgaz and natural gas distribution operators in Romania carried out investments worth a total RON1.7 billion in 2020.

The Bucharest Stock Exchange (BVB) has announced that the first bond issue of the real estate developer Qualis Properties would start trading on BVB's Multilateral Trading System (MTS) on Friday (April 9). The bonds will be traded under the ticker symbol QUAL24E.

French hotel management group Accor has announced the signing of a management contract with the owner of Mercure Sighisoara Binderbubi Hotel & SPA for the operation of the Binderbubi Hotel in Medias, which will become the seventh unit of the Mercure hotel chain in Romania.

Nordis Group, a real estate developer founded by Emanuel Postoaca, on Thursday announced the extension of its projects on the Romanian seaside by acquiring lands of over 23,000 square meters in Mamaia resort, in the continuation of the space on which the company started to build five-star complex Nordis Mamaia.

TotalSoft, one of the most important software producers on the Romanian market, ended 2020 with combined revenue of EUR22.3 million, up little over 1% versus 2019, and an EBIDTA of EUR3.7 million.