Romania Feed

Paval Holding Properties, the real estate investment vehicle of the Paval family (owners of DIY retailer Dedeman, among others) has hired Marian Roman, who had previously led the CA Immo team in Romania, to supervise the new office division, Europolis Office, established after its latest transaction.

Agroserv Mariuta, the company owning the Laptaria cu Caimac brand, ended the first nine months of 2022 with a loss of around RON960,000, after having generated RON3.4 million net profit in January-September 2021.

The shareholders of CE Oltenia have decided to resume talks with Tinmar Energy for the setting up of a series of joint ventures for the construction of four photovoltaic parks with total installed capacity of around 280 MW and a 475 MW gas-fired power plant in Turceni.

AROBS Transilvania Software, an IT company majority held by Cluj entrepreneur Voicu Oprean, reported RON38.3 million net profit for the third quarter of 2022, up 33% from the year-earlier period.

Aquila, leader of Romania’s consumer goods distribution, wants to develop on the frozen food segment, but is also contemplating company takeovers.

Sphere Franchise Group, the operator of the KFC, Pizza Hut and Taco Bell franchises in Romania, Italy and the Republic of Moldova, has opened a new Taco Bell restaurant in Electroputere Mall Craiova shopping center.

Romanian agribusiness company Holde Agri Invest plans to build storage capacity for Contesti farm, expand its irrigation projects and buy further land plots, with its plans set to be supported by an issue of bonds listed at the Bucharest Stock Exchange, according to the company’s CEO, Liviu Zagan.

The ten most valuable companies in Romania’s economy are this year valued at RON218 billion (EUR44 billion), 20% lower than in 2021.

Press Glass Production SRL, the local subsidiary of Press Glass Holding Poland, one of the largest thermal insulation glass manufacturers in Europe, is planning a EUR50 million investment in a plant on an 8-hectare plot in Oradea.

Builder Conim Partners (Arges County) saw its revenue increase 40% in 2021 compared with the previous year, which made it one of the construction companies with the highest growth year on year. Revenue stood at RON161.1 milion in 2021.

Euroins Romania, leader of the local third-party motor vehicle insurance (RCA) market, continues to hold the top spot at the end of the first nine months of 2022, with a 31% market share, a level slightly lower as compared to the first half of 2022.

Craiova can attract new investments in the automotive industry beyond the almost EUR500 million already announced by Ford Otosan after the takeover of the plant from the Americans.

The 20 companies whose shares are included in the main BET index of the Bucharest Stock Exchange ended the first nine months of 2022 with a combined net profit of RON21.7 billion (over EUR4 billion), up 111% year-over-year, as per calculations by Ziarul Financiar (ZF) based on data aggregated by brokerage firm Goldring.

Swisspod Technologies, a Swiss-American start-up developing Hyperloop, an ultra-high-speed, emission-free, intercontinental transportation solution for passengers and cargo, targets EUR500,000 on SeedBlink, an investment platform for European startups, company representatives said in a statement.

Romania’s capital city Bucharest places 37th in a ranking of the world’s most expensive shopping streets, with Calea Victoriei (Victory Avenue), the city’s main retail street, having an average rent of EUR53/sqm/month, as per a report by real estate consulting firm Cushman&Wakefield Echinox.

Self-adhesive label and flexible packaging maker Romprix Exim has been acquired by Germany’s All4Labels Global Packaging Group, one of the largest packing solutions businesses in the world.

OMV Petrom continues to promote energy efficiency of buildings and contributes EUR4 million to support a new phase of Romania Eficienta (Efficient Romania) program launched in 2019 in partnership with EPG.

German hypermarket chain Kaufland has opened a new store in Romania's capital city Bucharest on Thursday (Nov 24), reaching a total 20 units in Bucharest and 158 units in Romania.

Private lending in Romania grew by 14.7% in nominal terms (-0.5% in real terms) in October 2022 compared with October 2021 to RON363.59 billion, as local currency lending increased by 12.4% (+2.6% in real terms) and foreign currency lending expressed in lei by 20.7% (+21.6% in real terms when expressed in euros), central bank data showed on Thursday.

Fagura, a private-to-private (P2P) lending platform developed by Moldovan entrepreneurs, has launched a new funding round through British crowdfunding platform Seedrs.com to support the scaling of operations in Romania and the development of digital banking services in partnership with other banks.