Romania Feed

Delgaz Grid, the natural gas and electricity distribution company of German utility group E.ON in Romania, sets off in November a pilot project to test the compatibility and operation of utility facilities and distribution system components with a mixture of natural gas and hydrogen.

The value of the largest real estate investments in Romania exceeds EUR4 billion in the second half of 2022 and the sector of logistics and industrial parks remains the most effervescent with projects engulfing investments worth over EUR500 million.

The Bucharest Stock Exchange will use the eVOTE platform for electronic participation in the General Shareholders' Meetings.

ING Bank Romania said it would continue to grant state-guaranteed and subsidized loans to Romanian entrepreneurs for the third consecutive year, within the IMM Invest Plus 2022 program.

Romanian PR and strategic communications agency Lighthouse has joined Crisis Communication Network Europe (CCNE), becoming the sole Romanian member of the group and the first in Central and Eastern Europe (CEE).

Romania’s unemployment rate stood at 5.2% in September 2022, higher by 0.1 percentage points than 5.1% in August 2022, data from the country’s statistics institute INS shows on Thursday (Nov 3).

The American Chamber of Commerce in Romania (AmCham Romania) welcomes the decision to set up a Romanian Agency for Investments and Trade and expresses its confidence for a swift operationalization of this structure, in an institutional architecture that will ensures a positive impact similar to that in the countries where it such agency works successfully.

Visual Fan, a company listed on the Bucharest Stock Exchange, owner of Allview brand, has increased its stake in Intervision Trading, the exclusive wholesaler of AKAI brand in Romania and CEE, by acquiring a further 10% in its stock. Visual Fan now holds 61% in Intervision Trading.

OMV Petrom on Thursday announced the completion of the share capital increase operation, with the new level of RON6.23 billion, being registered with the Trade Registry.

Raiffeisen Bank, the local subsidiary of the Austrian group of the same name, for the first nine months of 2022 reported RON920 million net profit, up 43% from the year-earlier period.

Local startup easySales, which which set up an automated B2B management and e-commerce platform, expects to reach annual recurrent revenues of around EUR700,000 at end-2022 as its team is now focusing more on medium-sized and large customers.

OMV Petrom, the only local oil and gas producer, posted RON2.9 billion operating result on the gas and energy segment for the first nine months of 2022, almost seven times higher than in the year-earlier period.

Gas production in Romania reached 6.7 billion cubic meters In the first nine months of the year, up slightly from 6.6 billion cubic meters in the same period last year, data provided by the national natural gas transmission company Transgaz show.

Fashion brand Louis Vuitton, one of the most important names in the luxury industry, is preparing to go to the ground floor of the Athénée Palace Hilton Hotel on Calea Victoriei in Bucharest.

Paval Holding (Dedeman) is about to close a EUR350-390 million deal to acquire CA Immo office space portfolio.

New car registrations in Romania increased by 8.19% to a total 105,817 units in the first ten months of 2022 versus 97,870 units in the same period of 2021, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed on Wednesday (Nov 2).

Romania’s logistics and industrial market is close to touching a new record high in 2022 in terms of demand, which is reflected in the average vacancy rate that stood at 4.3% at the end of the first nine months of the year, one of the lowest levels of the last ten years, as per data from consulting firm Cushman & Wakefield Echinox.

Inflation and recent changes in the Tax Code prompt Romanian entrepreneurs to invest in the digitization and automation of processes in their companies in order to reduce expenses by up to 35%.

Ultragreens, a Romanian producer of microgreens and aromatic plants, set off its regional expansion by placing the first two Microgreens in the Kaufland Bulgaria network and preparing to open a Green Hub in the capital city of Sofia.

The Romanian mergers and acquisitions (M&A) market recorded 169 transactions in the first nine months of 2022, seeing an increase of 18% compared with the same period of 2021, according to an EY analysis.