Romania Feed

Nuclearelectrica (SNN.RO), Romania's only nuclear power producer, ended the first nine of 2022 with a net profit of RON1.93 billion, up 202% year-on-year.

Car parts manufacturer Compa Sibiu (CMP.RO) ended the first nine months of 2022 with a consolidated net profit of RON2.7 billion, down 84.4% from RON17.5 million in the same period of 2021,

The Bucharest Stock Exchange signed a cooperation agreement with the West University of Timisoara today, which aims to anchor future generations of students and graduates in the economic reality we live in by facilitating their access to information related to savings, investment, or entrepreneurship.

The average net salary in Romania increased by 1.8% in nominal terms in September 2022 compared with August 2022, to 4,003 lei (EUR818), data from the country's statistics board INS showed on Friday (Nov 11).

Romania's annual inflation rate decreased slightly to 15.3% in October 2022 as compared to October 2021, data from the country's statistics board INS showed on Friday (Nov 11).

MedLife, leader of Romania’s private healthcare market, reported pro-forma consolidated turnover of RON1.3 billion for the first nine months of 2022, up 27% from the year-earlier period.

Real estate developer One United Properties ended the first nine months of 2022 with consolidated turnover worth RON908.8 million, up 45%, and RON421 million net profit, 120% above the level of the same period of 2021, in line with the company’s financial report.

The Bucharest Stock Exchange, the operator of the local capital market and the majority stakeholder in the Central Depository, registered operating revenues worth RON24.5 million in the first nine months of 2022, up 33% from the year-earlier period.

Popeyes, the US restaurant chain that entered Romania this spring, in a franchise system, has reached five units so far and by yearend is set to open another restaurant in Bucharest.

Cake maker Natural, controlled by Popescu family, will invest more than EUR8 million in a 100-room hotel in Slatina, with the unit due to enter under the umbrella of an international brand, explained Elena Zoica, commercial manager of Natural.

Automotive industry wiring producer Leoni Wiring Systems Ro, part of Germany’s group Leoni, currently has 184 jobs available for the Bistrita plant.

Agrifood conglomerate Norofert plans to invest in warehousing spaces once it completes the acquisition of the plant of Filipestii de Padure, Prahova county, where it started operating a high production capacity for soil fertilizers.

German-held discounter Kik, which entered Romania in 2018, has developed a network of more than 70 stores nationwide in its four years in business on this market, and by the end of the year may reach the 100-store mark, says Kik Romania CEO Raluca Hartmann.

OTP Bank Romania, the local subsidiary of Hungary’s largest banking group posted RON15 million loss in the first three quarters of 2022, largely due to the increase in total provisions to RON151 million, RON58 million of which set aside in the third quarter, the group’s report says, which presents the consolidated results adjusted in accordance with the group’s standards.

Romania's finance ministry raised RON3 billion on Thursday (Nov 10) through two government paper auctions, at annual average yields of 8.83% and 8.74%.

ROCA Agri RDF, the agricultural holding developed through the partnership between ROCA Investments and RDF SA Arad, ended the first nine months of 2022 with a turnover of over EUR100 million, up 45% on the year, while its operating profit stood at EUR4.7 million and its net profit reached EUR2.7 million at end-September 2022.

Romanian Software SRL, a leader in the human resources software market through its colorful.hr platform, has announced a partnership with Salarium, the first application for on-demand salary in Romania.

Office space rents in capital Bucharest remain among the lowest at both regional and continental levels, which, along with the workforce availability and the competitive salary costs, represent a major point of attraction for tech companies, according to data from real estate consulting firm Cushman & Wakefield Echinox.

The European EIT InnoEnergy Group is to become a shareholder of Prime Batteries Technology in Ilfov County, its representatives announced in Brussels on Thursday.

The asking rental prices for new apartments in Bucharest continued their upward trend in the third quarter of this year, compared with the same period last year, a survey by Premier Estate Management and Imobiliare.ro shows.