Romania Feed

International Finance Corporation (IFC), the World Bank’s private investment arm, has granted a EUR40 million loan to Garanti BBVA Romania (GBRO) for the funding of mortgages destined to green housing and green loans for house refurbishment.

Corrugated cardboard manufacturer Vrancart Adjud, a company in which Paval brothers, the founders of Dedeman, hold a 17% stake, registered RON410.1 million total revenues in the first nine months of 2022, up 51.5% above the 2021 level.

Dumagas, one of the largest freight forwarders on the local market, controlled by investment fund Bancroft, will end 2022 with EUR38 million turnover and switch to profit after reporting losses in 2021.

Paint maker Köber of Neamt county has bought a 20,000-sqm land plot in the industrial area of Deva with the aim of developing a regional logistic hub.

The Board of Directors of Sphera Franchise Group (SFG.RO), the operator of the franchised KFC, Pizza Hut and Taco Bell restaurants in Romania, called a General Meeting of Shareholders for December 8, 2022, a document submitted to the Bucharest Stock Exchange shows.

Impact Developer & Contractor (IMP.RO), the first real estate company listed on the Bucharest Stock Exchange, announced establishment of its own architecture and design firm – Impact Alliance Architecture (IAA).

The probability of a major cyberattack ranks second, after the global recession, in the top five scenarios that Central and Eastern Europe (CEE) CEOs, including those in Romania, are integrating into their resilience plans for 2023.

Blue Air announced that the company's shareholders had been contacted by representatives of the Authority for State Assets Management (AAAS) to hand over 75% in the airline to the Romanian government.

Romania’s Competition Council has approved a transaction whereby Electromontaj, which specializes in constructions for energy projects, acquired in September construction company Hidroconstructia and the companies it controls, respectively Hidroturism and Hidroedil.

Nine Romanian entrepreneurial companies with a combined turnover of over EUR335 million and some 3,150 employees received the Deloitte Best Managed Companies certification for management excellence assessed against international best practices, at the end of the program’s first edition in Romania, organized in partnership with Banca Transilvania.

The European Commission has approved an aid scheme worth approximately EUR500 million (RON 2.5 billion) notified by Romania to support businesses across all economic sectors in the context of the war in Ukraine.

The Romanian public sector accounted for 23% of total job vacancies in the third quarter of 2022 and the manufacturing industry accounted for just over one quarter of the total number of vacancies (11.6 thousand vacancies), as per a survey published by the country's statistics board INS.

Agricultural holding ROCA Agri RDF, which owns the companies RDF Agricultura and Adidana Agricultura, estimates consolidated revenue of EUR132 million at the end of 2022.

International freight forwarding and logistics group International Alexander, based in Arad, has made a new bet on the local market and launched an online store.

The four-star International hotel of Sinaia, one of the largest units in the mountains resort, with a 180-room capacity, in September and October operated at an average occupancy rate of 80%, above the 2019 level and for November its officials project a 75-80% rate.

Affidea Romania, the biggest player on Romania’s medical imaging market, hopes to open five new centers in 2023.

Swiss-held real estate developer Artemis, which owns a number of logistics properties in Romania, has started work on its fourth building in the Sanandrei Industrial Park near Timisoara.

Electric component maker Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller, has started construction of two new production facilities at its Tautii-Magheraus, Maramures County, site.

Romanians bought medicines worth RON24 billion (EUR5 billion) in the period October 2021 – September 2022, at wholesale prices, 21% more than in the year-earlier period, in line with the Cegedim Customer Information report.

Real estate developer Hercesa on Thursday said it will invest EUR52 million in a new real estate project in capital Bucharest’s Ghencea area.