Romania Feed

European banks lead globally on overall ESG (Environmental, Social and Governance) efforts, according to the latest EY Sustainable Finance Index.

Macromex, a major player on the local consumer goods distribution market, expects 20% higher turnover for the hospitality unit in 2023.

Romania’s telecom services market dropped by 1% to RON16.9 billion in 2022, in line with data aggregated by market regulator ANCOM.

Dr. Oetker, the largest food additives producer locally, ended 2022 with turnover worth RON379.7 million (around EUR77 million), up around 5% from the previous year.

Timisoara-based fuel supplier Artoil, controlled by Alexandra and Alex Bunceanu, in the first quarter of 2023 posted turnover worth RON222.2 million (EUR44.9 million), 11% higher than in 1Q/2022.

Ropharma pharmacy chain, indirectly controlled by businessman Mihai Miron, reported total revenues worth RON152 million in the first three months of 2023, 13% higher than in 1Q/2022.

Suceava-based brewer Bermas (BRM.RO) posted RON4.7 million revenue in the first quarter of 2023, an increase of 11% on the corresponding period of last year, ZF has calculated from the brewer’s latest report to the Bucharest Stock Exchange.

Remedia Group (RMAH.RO), which has pharmaceutical wholesale and retail operations and sells robots to pharmacies, posted RON136 million revenue in first quarter of 2023, an increase of 10% on the year-ago period, the company said in a report to the Bucharest Stock Exchange.

The initial public offering of Agricover Holding set at up to RON416 million and run from May 4 to 16, 2023, closed unsuccessfully, as the low appetite of investors made the company drop plans to continue on to the Bucharest Stock Exchange.

Arctic Stream (AST.RO), an IT infrastructure and security integrator, reported a net profit of RON2.2 million for the first quarter of 2023, up 146% from the net result reported in the year-earlier period, and a turnover of RON29.4 million, up 174% on the year, as per data from the company's quarterly financial report published at the Bucharest Stock Exchange

Millenium Insurance Broker (MIB.RO), an insurance company listed on the local capital market at the beginning of 2023, has informed its shareholders of its acquiring 5% of the share capital of technology startup Insuretech.

Construction materials wholesaler Sipex Company (SPX.RO), which participated in the construction of the Ghencea and Giulesti stadiums, reported a turnover of RON63.1 million for the first three months of 2023, almost identical to the level reported for the first quarter of 2022, as per the company's financial report published at the Bucharest Stock Exchange.

Redport Capital and Mobexpert Group will be investing EUR150 million in a residential project located in the northern part of capital city Bucharest, in the Straulesti area.

A report by the World Economic Forum shows that although 69 million jobs will be created until 2027, 83 million jobs will be lost, resulting in a net loss of 14 million jobs, i.e., 2% of current occupancy.

Consumers globally continue to reign in their spending amidst a challenging cost-of-living environment, with 94% of consumers now worried about the rise of living costs as they continue to navigate inflation, according to the 12th edition of the EY Future Consumer Index (FCI).

E-Distributie Muntenia, the electricity distribution operator in capital Bucharest and the Ilfov and Giurgiu Counties, part of Enel Group, is upgrading and expanding the 20 kV grid for the primary substation Dudesti 110/20/6kV located in Bucharest, within an investment worth almost RON7 million.

Romania continues to rank 14th in the European Union by the number of new passenger cars registered in January-April 2023, with 46,831 units, 25% more than in the same period of 2022, data from the European Automobile Manufacturers Association (ACEA) showed on Wednesday (May 17).

The number of companies with foreign capital newly established in Romania grew by 10.3% in the first three months of 2023 compared to the same period of 2022, to 1,809 units, as per data from Romania's Trade Register Office.

sennder, a Germany technology company active on the road freight transport market, has leased 1,400 square meters in One Cotroceni Park office building to relocate its local office as part of its strategy to cement its foothold in Romania.

Grup Serban Holding, a Romanian entrepreneurial company operating in several agricultural fields, has bought a new farm, in Bacau county, with an area of around 343.400 square meters.