Romania Feed

Retail property developer NEPI Rockcastle has contracted green financing worth EUR200 million from Erste Group Bank AG and Raiffeisen Bank S.A. in order to improve its liquidity position.

The travel and tourism sector has become a prime focus for cyberattacks in recent times, resulting in ransomware incidents arising from data breaches, according to GlobalData, a leading data and analytics company.

DN Agrar Group, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, ended 2022 with over 221% higher turnover than in 2021, to almost RON151 million, and net profit of almost RON14 million (up 57% on the year).

Romania’s real estate market in the first quarter of 2023 registered seven major deals totally worth around EUR133 million, exclusively taking into account deals worth at least EUR5 million, reveals an analysis by real estate consulting firm JLL.

The passenger car output of the two car plants of Romania, Dacia and Ford, rose by 4.7% in the first three months of 2023, to 142,756 units, in line with data provided by carmakers association ACAROM.

Profluo, a startup that builds machine learning technology for the automatic processing of accounting documents, plans to expand its client portfolio in 2023 from 150 to around 500 and thus increase its revenues fivefold.

Polish discounter Pepco has come to own in Romania more than 410 units and wants to continue its fast expansion, aiming to open 40 units in 2023.

Pinum Doors & Windows, part of Italian group Nusco controlled by Nusco family, plans to build two new plants locally, a door one, already announced, and a carpentry one.

Macromex, a major player on the local consumer goods distribution market, ended 2022 with RON735 million revenues, up 16% from 2021.

Telekom Romania Mobile, the fourth mobile telephony operator in Romania, has made a surprise move: it launched 5G services, although it did not participate in last year’s 5G auction held by Romania’s communications market watchdog. Telekom’s new 5G services use the existing radio spectrum, the company said in a notification to its customers.

The Bucharest office space rental market was dominated by companies in the IT&C sector in the first quarter of 2023, accounting for 19% of the newly leased area, as per an analysis by real estate consulting firm ESOP Consulting.

Real estate developer Impact Developer & Contractor notified the Bucharest Stock Exchange on Tuesday evening that entrepreneur Gheorghe Iaciu, who owns almost 58% in it, requested that new items be added on the agenda of the General Meeting of Shareholders on April 27, 2023, one of which is the approval of an up to EUR20 million or equivalent bond issue.

The International Monetary Fund (IMF) has revised the real economic growth projection for Romania downwards to 2.4% from the 3.1% estimated in the fall, its latest `World Economic Outlook’ report released on Tuesday shows.

SIF Oltenia (SIF5.RO) has notified the capital market of the start of the steps to sell its 8.57% stake in hotel company Baile Tusnad (TSND.RO), which manages two hotels in the spa town by the same name.

Altex, the leader of the Romanian electro-IT market and one of the three leading Romanian entrepreneurial companies, announces a capital increase of over RON125 million for Cometex, the real estate division of Altex Group.

Romania’s finance ministry will be launching new government bond issues for the general population only, starting Thursday (April 12, 2023), through the TEZAUR program.

German-held discount retailer Lidl Romania continues for the ninth consecutive year its partnership with insurance company SIGNAL IDUNA, offering health insurance policies to its 10,500 employees.

Regardless of age, the main sources of work-related stress are closely tied to the relationship with management. Generation Z respondents (aged 18 to 25) most often report poor and unpleasant communication with their superiors, as per the findings of an online survey conducted at end-Feb 2023 by The Mind Clinic and research company Cult Research.

A new EY survey of more than 200 companies across 15 countries in Europe has identified a critical link between effective board-level sustainability governance and business performance.

Ionut Baciu takes over the role of Natalia Man as the new deputy general manager of PAID (the Pool of Insurance against Natural Disasters) Romania after getting the approval of the Financial Supervisory Authority (ASF), as per data provided by PAID.