Romania Feed

German manufacturer of wiring harnesses for the automotive industry and electrical systems Kromberg & Schubert Romania NA, the local subsidiary of the German group Kromberg & Schubert, currently has 100 jobs available for unskilled workers in the assembly and installation of parts at the factory in Nadab, near Arad, according to information on the AJOFM (County Agency for Employment) Arad website.

The coming period will be a busy period for institutional investors as two banks, Banca Comerciala Romana and UniCredit Bank, are expected to release bond issues they will later have listed on the Bucharest Stock Exchange.

Fapaco, a Bucharest-based construction company owned by the Fleancu family, increased its revenue by 36% to RON160.9 million in 2021, which makes it one of the fastest-growing businesses year-on-year in the construction sector.

Alexandrion Group, the largest producer and distributor of spirits and wines in Romania, announces the expansion of its imports portfolio with the brand “Chopin”, an ultra-premium vodka created in a craft spirits distillery in Poland.

Electricity supplier Electrica Furnizare, part of Electrica Group, concluded a partnership with Zentiva Romania for the installation of photovoltaic (PV) panels at the Labormed Pharma production and storage unit in capital city Bucharest.

Raiffeisen Bank on Friday (Nov 25) placed a new corporate bond issue in lei, raising almost RON369 million from institutional investors for a five-year maturity, the bank said on Tuesday.

Cluj-based dairy producer Bonas Import Export, listed on the Bucharest Stock Exchange in June 2021, reported a loss of RON144,196 for the first nine months of 2022 from a net profit of RON135,000 in the same period of 2021, as per data from the company’s financial report.

Chimcomplex (CRC.RO), the leading producer and supplier of vital chemical substances in the region, has approved the payment of RON127 million as interim dividends (gross amount), based on midyear financial reports, as per a decision of the Ordinary General Meeting of Shareholders.

STK Properties (STKP.RO), an investment vehicle founded by the STK Emergent investment fund for the development of a real estate project in Cluj-Napoca, announced a loss of RON37,788 for January-September 2022, from a loss of RON13,528 in 2021.

The majority (54) of countries worldwide, including Romania, want a cashless society, while the 32 countries remaining in the survey conducted by Merchant Machine reject the idea.

Polish retailer Smyk Group, specialized in selling children’s products, will be opening its first store in the town of Roman, on Thursday (Dec 1), reaching a total 27 units in Romania.

Romanian authorities issued 37,790 residential building permits in January-October 2022, 13% fewer than in the same period of 2021, data from the country’s statistics board INS showed Tuesday.

Romanians made card payments of almost EUR5 million (RON24 million) on Black Friday (November 11), either online or in physical stores, through POS or the GP tom application, according to an analysis by Global Payments, the world’s largest provider of payment services and technology.

Romanian-held TOP TECH, a business solutions integrator, plans to expand nationwide and become a top five service integrator in Romania in the next two years, according to the company’s representatives.

The affordability of buying a new home in Bucharest, calculated by real estate company SVN Romania, inched down by 1.5% in the past year, with 103.8 average salaries (8.6 years) being needed for the purchase of a two-room apartments, compared with 102.3 average salaries (8.5 years) in September 2021.

AROBS Transilvania Software, the biggest technology company listed on the Bucharest Stock Exchange, has announced the completion of the first stage of the Stock Option Plan scheme for the stimulation and retention of employees part of the group’s companies, a strategy via which AROBS seeks to turn teams’ members into company partners.

Financial analysts part of CFA Romania expect the Romanian currency to fall to an average exchange rate of 5.0652 units/EUR in the next 12 months, while the estimated inflation rate is seen averaging 10.56%, up from September when the analysts anticipated inflation would average 9.59%.

Learning platform Adservio, developed 14 years ago in Iasi, plans to double turnover and expand to new foreign markets in 2023, according to Alexandru Holicov, founder and CEO of Adservio.

Car parts maker Compa currently has 150 jobs available at the Sibiu plant. The company in 2021 reached an average number of 1,879 employees.

Lithuania’s Apex Alliance Group, which owns several hotels in Romania, expects to end 2022 with EUR25 million to EUR30 million revenue, its officials say.