Romania Feed

Grants of up to EUR500,000 will be extended to Romanian firms that process grain, oilseeds and milk under a scheme approved by the Government through an emergency ordinance on November 17.

Governments around the world are accelerating their renewables programs to help reduce their reliance on imported energy, in the face of continuing geopolitical tensions and economic uncertainty, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI 60).

After the first ten months of 2022, Romania ranks 13th in the EU, with a volume of 105,817 new passenger cars registered, up 8.1% compared with January-October 2021, in line with data provided by ACAROM, the association of car manufacturers in Romania and ACEA.

Augustin Dragan, the new owner of Diverta bookstore chain, says that in around 4-5 years wants to expand the network to around 35 stores, double the current size of 18 units.

Chimcomplex, the leading producer and supplier of vital chemical substances in the region, in the first nine months of 2022 registered RON182 million net profit, down 56.9% from the same period of 2021.

The net profit of Romania’s banking system hit a new record high at the end of the first nine months of 2022, of RON7.6 billion, up around 20% from the year-earlier period, as lending advanced by an average pace of 16% year-on-year.

Kotar, a Polish manufacturer of thermal insulation systems, wants to start production activities in Romania after having been only a wholesaler locally. The company leased a 2,250-sqm area near Timisoara, in Sanandrei locality.

Danube freight carrier Transport Trade Services (TTS.RO) posted consolidated revenue of RON664.3 million in January-September 2022, up 47.3% from the same period last year, its report to the Bucharest Stock Exchange shows.

Forty Management, one of the leading real estate developers of mixed-use and urban redevelopment projects in Romania, has completed the sale of 1,220 square meters of retail space located in its mixed-use urban developments - Central District 4 Elemente, Central District Cuza 99 and Central District Viitorului 134, which generated a cumulative revenue of EUR3.3 million excluding VAT.

DP World, one of the world's largest port operators, is developing a RORO (Roll-On, Roll-Off) terminal and a project cargo terminal in the port of Constanta, in a $75 million investment using its own funds and European grants.

The Bucharest office of CEE / SEE law firm Wolf Theiss has announced that Adina Aurel and Mihai Coada were promoted to Counsel position within the Wolf Theiss team in Bucharest.

Bucur SA Bucuresti (BUCV), a company engrossed in selling food products, spirits and coffee, and in property lease, had revenue of RON7.06 million in the first nine months of 2022, higher by 6.5% than in the year-earlier period.

Altius, an importer and distributor of veterinary medicines and veterinary medical equipment, has acquired 60% of the shares of Petmart Online, a business operating on the segment of online distributors of products for animals.

The real estate division of investment firm Oresa, Oresa Industra, will build a new facility in the SOLO logistics park in the Letcani commune in Iasi County, continuing development in Romania.

Premier Energy, one of the leading natural gas suppliers in Romania, which manages a piping network of over 2,500 km, has secured a loan of EUR30 million from the European Bank for Reconstruction and Development (EBRD).

E.ON Energie Romania is going to build six photovoltaic power plants for the production units of Transavia, the largest poultry producer in Romania, and the total value of green energy production projects exceeds EUR2.9 million.

NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe and the largest shopping mall owner in Romania, has opened flexible office spaces in five shopping centers in Romania.

Holcim Romania is developing a photovoltaic (PV) power plant with an installed capacity of almost 0.999 MWp at its cement plant in Alesd, Bihor County.

Automobile Dacia and Ford, Romania’s two carmakers, manufactured 425,423 passenger cars in the first ten months of 2022, almost 30% more than in the year-earlier period, in line with data provided by Romania’s carmakers association ACAROM.

Pharmaceutical company Zentiva (SCD.RO), held by investment fund Advent International, registered a net turnover of RON538 million in the first nine months of 2022, up 7% on the year, as per the company’s financial report sent to the Bucharest Stock Exchange on Wednesday (Nov 16).