Romania Feed

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.

DN Agrar, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, ended the first nine months of 2022 with RON103.23 million turnover (up 221%) and RON10.6 million (249% higher), with the increases also supported by the acquisition of two new farms.

Stada Romania has started construction works for the pharmaceutical plant of Turda, Cluj county, an investment announced in early 2022.

TotalSoft, one of Romania’s biggest software producers, part of Turkey’s Logo group, aims to boost turnover by 20% this year. The company ended 2021 with EUR25 million, up 10% year-on-year.

Celco, a Constanta-based building materials producer, has boosted turnover by around 60% in the past three years, after, in 2019 and 2020, the construction field posted two-digit growth each year.

Dan Lupu, general manager and founder of fashion producer and retailer Mizar, says 2022 has been the best year in the company’s history, so that turnover will rise by 30% from 2021, to over RON26 million.

Energy Power Holding, an Austrian-held company operating in Austria, Estonia, Slovenia and Poland, has recently completed the acquisition of six green power projects or a total of 81 MW in Romania at a time others, like Italy’s Enel for instance, are leaving and has 1,500 MW in photovoltaic parks in development in the country.

Uniqa Asigurari and Uniqa Asigurari de Viata, the Romanian companies of Austria’s Uniqa group, posted EUR83 million gross written premiums together in the first nine months of 2022, an increase of 6% on the year-ago period, the officials of the two companies said.

The Board of Directors of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) decided in its meeting of Nov 23, 2022 to extend the mandate of Razvan Popescu as Chief Executive Officer (CEO) of the company for another four months, from December 18, 2022 to April 18, 2023.

Aqurate, an AI-powered SaaS platform that supports eCommerce companies using their data to grow, plans to attract a financing of up to EUR500,000, part of which will be raised through tech startup investment platform SeedBlink.

The integrated lawyer and consultant team of law firm KPMG Legal – Toncescu si Asociatii, KPMG Advisory and KPMG Tax, led by Alexandru Mocanescu, Bogdan Vaduva/Elena Surdeanu and Daniel Pana, assisted Paval Holding in buying the office space portfolio of CA Immo in Romania and taking over the management team.

In 2023, more than 20,000 medium-sized taxpayers in Romania must submit Declaration 406 (SAF-T – Standard Audit File for Tax), but 90% of them are not yet ready to transfer the necessary data to the country's tax agency ANAF, although it is mandatory from January 1st, 2023, according to NextUp Solutions, one of the largest software solutions companies for business.

U.S.-based technology giant IBM, one of the biggest employers on the Romanian IT market, announced on Wednesday that it has appointed Cerasela Venera Baiculescu as Country Leader for IBM Romania and Moldova.

A global business expansion index established by global HR and payroll company Remote shows Romania places seventh among the top ten countries ranked by their overall ‘Global Expansion’ score out of 10.

Concrete prefab manufacturer Prebet Aiud (PREB.RO) on Wednesday reported a net profit of RON1.64 million for the period January-September 2022, down 53% from RON3.5 million in the same period of 2021.

Romanian managers' economic confidence decreased in the second half of 2022, nearing the level at the end of 2020, at 44.4, but remains above the level of in the similar period of 2021, according to the CONFIDEX S2 2022 study published by Impetum Group.

AmCham Romania made the case for increased investments in healthcare, building on the main findings of the dedicated report “Healthcare as Investment” that outlines main policy efficiency, cost optimization and funding options.