Romania Feed

Minifarm pharmacy chain, which has opened units in Tulcea and Constanta counties, estimates it will end 2022 with 27% higher turnover and thus reach RON317 million, in line with the company’s officials and ZF calculations.

Karlovo-based Altimir BS EOOD, owned by Svetoslav Bozhidarov Ilchovski, one of Bulgaria’s biggest landowners, has bought Rural Capital company, a grain grower, from Mihai Rotary, owner of Universitatea Craiova, in line with Trade Registry data.

Republic of Moldova’s largest lender, MOLDOVA-AGROINDBANK (Maib), which has a market share of 36.3% and about MDL39 billion (EUR2 billion) assets, got the shareholders’ approval to go public on the Bucharest Stock exchange in 2023. The move will enable it to raise the cash it needs for development.

The war that broke out in Ukraine in February led to a record number of Ukrainian-held companies established in Romania this year, with trade and IT & C as the most active sectors.

Quehenberger Logistics Rou, one of the largest players in the transport and logistics market, currently has about 300 jobs available at its warehouse in Stefanestii de Jos, as well as at the logistics center in Ghiroda, according to the Ilfov and Timis County Employment Agencies (AJOFM).

Fondul Proprietatea (FP.RO) sold its 2.8% in OMV Petrom (SNP.RO) in an about RON764 million transaction or RON0.43 per share, thus exiting the shareholder structure of the largest company on the Bucharest Stock Exchange, the Fund announced on Wednesday.

Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, is opening on Thursday (Dec 15, 2022) its first store in Romania, within Bucharest’s ParkLake shopping center.

Romanian data center developer Tema Energy expects a turnover of over EUR11 million in 2022, up almost 25% versus 2021, as per a statement sent by company representatives.

MedLife, the leader of the private medical services market in Romania, in a stock market on Wednesday (Dec1 4) announced the signing of a syndicated loan in the total amount of EUR228 million in order to refinance and increase the existing syndicated loan by EUR50.7 million.

In only ten months since its launch, ten multinational and entrepreneurial companies, with an impact of over 100,000 employees on the labor market, have accessed integrated visual arts services in their efforts to accelerate transformation, strengthen reputation and adapt the organizational mindset to a constantly changing macroeconomic context.

Romania's current account balance posted a deficit of EUR23 billion in January-October 2022, higher by EUR9 billion than in the same period of 2021, central bank data published on Wednesday (Dec 14) show.

Nearly nine out of ten investors (87%) said that corporate sustainability reporting contains “unsupported claims”, and 69% say they should be done with the same rigor as financial reporting, according to the PwC Global Investor Survey 2022.

Romania’s industrial production fell by 0.9% in unadjusted data in January-October 2022 versus the same period of 2021 and by 1.4% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed on Wednesday (Dec 14).

Romania's electricity production decreased by 4.5% year-over-year in January-October 2022, the country's statistical office INS said on Wednesday (Dec 14).

Sighetu Marmatiei-based Plimob, a major local supplier of chairs for IKEA, has invested EUR775,000 to install a photovoltaic plant, in partnership with E.ON Energie Romania.

Luxury jewelry chain Teilor is reopening the store of shopping center AFI Cotroceni after a complete revamp under a new format, with this being the 13th unit included in the Oragne Concept Store concept.

Star Assembly and Star Transmission, the local units of Mercedes-Benz AG, will manufacture electric motors for the new EV range EQ.

Nestor, a local startup that developed a people intelligence platform, expects to end 2022 with twice as high revenues as in 2021 as 2022 has been a lucrative year for the company.

Furniture producer Taparo, part of Taparo group of firms founded by entrepreneur Ioan Filip, currently has 60 jobs available for the plants located in Borcut and Targu Lapus localities of Maramures county.

Cluj-based cosmetics manufacturer Cosmetic Plant reported RON11.9 million turnover last year, 6% above the 2020 level. This is the best level since the company was founded back in 1991.