Romania Feed

Green Group, a group of firms active in the recycling sector and majority held by investment fund Abris Capital Partners, has concluded an agreement for the purchase of a majority stake in the company Expert Cleaning, a provider of specialized cleaning solutions for heavy industries and do-it-yourself (DIY) stores in Romania.

Romania's Finance Ministry raised RON1.64 billion from banks on Monday (June 12), selling government paper maturing in May 2027, at an annual average yield of 6.69%.

A volume of 320,000 square meters of retail space is expected to be delivered until the end of 2023 in Romania, both in the main regional centers and in secondary cities, of which no less than 74% of areas under construction are retail parks and 26% are intended for large shopping centers, as per data from real estate consulting firm CBRE.

Safetech Innovations (SAFE.RO), a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London, and Abu Dhabi, has announced in a stock market report on Monday (June 12) the signing of a partnership with Phriendly Phishing, a global company specialized in providing security awareness and phishing simulation training solutions.

Romania's national grid company Transelectrica (TEL.RO) has completed tests for the integration of the battery storage facility into the Balancing Market platform and into the operational control system of the national energy system.

Sales of electric scooters have grown almost 10% over the past year, with Romanians buying some 50,000 new units annually, as per data from online retailer evoMAG.

A total 15,329 housing units were put into use in Romania in the first quarter of 2023, 578 fewer units than in the same period of 2022, data from the country’s statistics board INS showed on Monday (June 12).

Net investments in Romania’s economy totaled RON30 billion in the first quarter of 2023, up 13.6% versus the same period of 2022, with more than half being represented by new construction works, data from the country’s statistics board INS showed on Monday (June 12).

HP Inc. Romania, the local subsidiary of the US computer and printer supplier and IT services provider of the same name, for 2022 reported turnover worth RON536.8 million (EUR108.8 million), up 29% from 2021.

Datanet Systems, an integrator of complex IT&C solutions and systems and a member of Slovak Soitron Group, seeks to recruit new specialists nationwide and has several positions available.

BSH Electrocasnice part of Bosch group in 2022 registered RON470 million turnover in Romania, more than 14% higher than in 2021. Profit also went up, by 40%, to RON25.2 million.

Home appliances manufacturer De’Longhi Romania, the biggest exporter of Cluj county, in 2022 generated turnover of RON2.089 billion (EUR423.7 million), down 7.5% on 2021, in line with ZF calculations based on Finance Ministry data.

Aluminum aircraft part manufacturer Universal Alloy Corp, part of Montana group controlled by Austrian entrepreneur Michael Tojner, ended 2022 with turnover worth RON892 million (EUR181 million) on the local market, more than double the 2021 level.

The overall turnover of the top largest players in Romania modern retail, which have more than 4,000 stores together, for the first time neared the RON100 billion threshold last year after an 18.5% increase vs 2021.

Job stability has become essential for most Romanians against the backdrop of economic uncertainty in 2023, prompting them to predominantly apply for jobs with disclosed salaries in advertisements or in fields that have proven resilient to crises, such as Sales, Accounting, Engineering, IT, and Production/Logistics, as per data from recruitment platform BestJobs.

The Trattoria il Calcio restaurant chain, which includes five units, was acquired by Nuba Group in a transaction worth over EUR1.5 million.

The company GalicSud based in Ramnicu Valcea is set to build a photovoltaic (PV) park of nearly 200,000 square meters in Mehedinti County, in the Izvoru Barzii commune, for which Libra Internet Bank is granting financing of EUR8 million, the lender said on Friday (June 9).

Private medical clinics chain Regina Maria has acquired 51% in dental clinic chain Dr. Leahu, sources on the capital market told Ziarul Financiar (ZF) daily.

The Romanian State and nuclear power producer Nuclearelectrica on Friday (June 9) signed a support agreement for the development of the National Strategic Project Units 3 and 4 at the Cernavoda nuclear power plant.

Romania's trade balance posted a deficit of EUR8.85 billion in January-April 2023, lower by 11.8% compared with January-April 2022, data from the country's statistics board INS showed on Friday (April 9).