Romania Feed

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).

Transport Trade Services (TTS), the biggest integrated freight shipper on the Danube, recorded consolidated revenue of RON664.3 million in January-September 2022, up 47.3% on the year, as per its financial report sent to the Bucharest Stock Exchange.

Building materials producer Cemacon Cluj, a company controlled by Paval brother, owners and founders of DIY network Dedeman, in the first nine months of 2022 posted RON178 million turnover, up 34%, and RON61.2 million profit, 45% higher than in the same period of 2021.

Cometex, a real estate developer part of Altex group, has completed the sale of Bucovina shopping centre of Suceava to businessman Andrei Mandachi, with the value of the deal standing at EUR7 million.

Meta Estate Trust, a holding company operating in the real estate field, present on the SMT-AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2022 with total revenues worth RON11.3 million, more than six times higher than in the same period of 2021, and net profit of RON3.7 million, shifting from losses (RON699,266) to profit.

Patria Bank, a lending institution held by investment fund Emerging Europe Accession Fund (EEAF), for the first nine months of 2022 reported RON14.8 million net profit, up 106.4% from the year-earlier period amid “the development of operational revenues correlated with a prudent evolution of the cost of risk,” reads the bank’s financial report.

Flip Technologies, the local startup founded in 2019 that developed a marketplace for purchase and sale of refurbished phones, is counting on the corporate segment and on countries such as Bulgaria or Hungary for growth.

The sum foreign tourists spent on tourism services provided by local providers reached EUR3 billion in the first nine months of 2022, in line with data provided by the National Bank of Romania.

Investment company Evergent Investments (EVER.RO) posted an estimated net result of RON101.4 million in the first nine months, 57% higher than the entire 2022 estimate, the company said in a release.

Rompetrol Rafinare (RRC), which operates the Petromidia Navodari and Vega Ploiesti refineries, posted gross revenue of $4.87 billion in January-September 2022, 48.5% above the previous year's $3.28 billion.

Fondul Proprietatea (FP.RO) shareholders during the Extraordinary General Meeting approved the sale of the stake in SPPEH Hidroelectrica (19.94%), Romania’s most valuable company, via a secondary public offering, followed by admission to trading on the Bucharest Stock Exchange only.

Aquila Part Prod, the leading player in the local market for integrated distribution and logistics services, on Tuesday said it ended the first nine months of 2022 with a net profit of RON64 million, up 47% on the year.