Romania Feed

The group of companies formed by OMV Petrom Marketing (OPM), OMV Hungária Ásványolj Kft/ OMV Hungária Kft. (OMV HU) and OMV Slovensko s.r.o (OMV SK) have received approval for a European funding contract with the European Executive Agency for Climate, Infrastructure and the Environment (CINEA) for the project "Accelerate the Central and East European Ultra-Fast Charging", with the support of the Ministry of Transport and the Ministry of Investments and European Projects.

Matei Lucescu, who in 2019 brought back to life Grivita craft beer brand, one of the most loved beers of the ‘90s, has this week opened the second production unit, in the wake of EUR6 million investments from own funds.

A day before reporting Q2/2023 results, set to be under the impact of solidarity taxes, Petrom has announced the much-awaited special dividend it proposes to shareholders.

Galati-based builder Tancrad aims to reach the RON420 million threshold in turnover this year, meaning a 15% increase from the RON364 million registered last year.

Car parts manufacturer Bos Automotive Products Romania, the local subsidiary of Germany’s BOS GmbH&Co. KG, last year posted turnover worth RON445.4 million (EUR90.3 million), up 8.5% year-on-year.

Floorboard producer Barlinek Romania, the local subsidiary of Polish group Barlinek controlled by billionaire Michal Solowow, for 2022 reported turnover of RON293.4 million (EUR59.5 million), around 53% higher than in 2021.

Metro Romania plans to build two new warehouses from scratch, in Bucharest and Cluj, with these set to be used for delivery operations.

Ramnicu Valcea-based Don Pedro, a major Romanian producer of tissue paper, with 250 employees, ended 2022 with turnover worth RON226 million (EUR46 million), up 40% from 2021, after investing to double production capacity.

Orange Romania, the leader of the local telecom market, reported a consolidated turnover of EUR377 million in the second quarter of 2023 (including the former Telekom Fix), down 1.2% on the year.

The Hampton by Hilton Hotel in Targu Mures, an investment worth EUR11 million of the Multinvest Group and co-funded by the Pro Economica Foundation, was inaugurated in July following works that took two years.

Cerealcom Group, one of the most successful Romanian agribusinesses and the country’s largest producer and exporter of cereals, has signed a club loan-type revolving credit financing worth EUR100 million.

Romania's Competition Council is looking into a transaction whereby the fund Innova/7 SCA SICAV – RAIF intends to take over, through Fastnet S.a.r.l., the company Netopia Holding and the firms controlled by Netopia, respectively Netopia Financial Services, Web2SMS, Mobilpay and MPX Pay Services.

The new head office of Citi Romania in capital city Bucharest, located in the Tiriac Towers office building, has received the LEED for Interior Design and Construction (LEED ID+C) certification following a certification process coordinated by real estate consulting firm Colliers.

City Grill restaurant group, one of the leading players in the Romanian HoReCa industry, announces the completion of an investment worth almost EUR2.5 million for the modernization of the Buongiorno Italian restaurants in capital city Bucharest, a project started in 2019.

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Wednesday (July 26) announced its shareholders in a stock market report that it opened two term deposits with Romania’s import-export bank Eximbank without auto-renewal option, with the interest rate negotiated on July 25, 2023.

An integrated team of PwC Romania and D&B David si Baias, the partner law firm of PwC in Romania, has provided advisory services and financial, legal and tax assistance to Romanian state-run energy holding Complexul Energetic Oltenia in the process of selecting the investors with which it will be developing partnerships in order to carry out eight projects of solar photovoltaic (PV) parks and a gas-fired power plant.

Companies' focus on environmental, social and governance (ESG) standards has accelerated over the last two years, with tenants appreciating the potential contribution on the environment of the implementation of sustainability measures in the field of office space design and in the strategies regarding real estate portfolios.

Apemin Tusnad, one of the largest natural mineral water bottlers in Romania, expects a turnover of RON85.7 million in 2023, up 7% from 2022.

Cybersecurity company SafeTech Innovations has informed the local capital market with regard to the sealing on July 25 of a partnership agreement with the Romanian National Cyber Security Directorate.

SIF Hoteluri, controlled by SIF Banat-Crisana, has sold the Eurohotel hotel of Baia Mare for EUR2.1 million.