Romania Feed

Romania's Finance Ministry raised RON767 million from banks on Monday (Sept 18) selling treasury bills maturing in 2028, at an annual average yield of 6.59%.

Romania's Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out on a new offer on the Bucharest Stock Exchange, between September 18 and October 3.

Uni Systems, a strategic partner in the field of information technology and communications for financial institutions, public institutions and telecom operators in the European region, which offers integrated solutions and IT services, became the main provider of services for the European Union Agency for Cybersecurity (ENISA), company representatives said in a statement.

Holde Agri Invest, a Romanian-held company that operates farmland, in the first half of 2023 registered operating revenues of RON55.35 million, 45% above the level of 1H/2022.

The International Monetary Fund announced today that a team led by Jan Kees Martijn will be in Bucharest during the September 25-October 4 period to assess the state of the local economy, within the annual analysis carried out by the institution.

Restart Energy One, a major independent electricity and gas supplier, for the first half of 2023 reported RON124 million revenues, up 11%, and RON37 million net profit.

Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, plans to increase its turnover by around 30% this year, to around RON18 million (EUR3.6 million), as in the almost nine months of this year it managed to already clinch an around 40% turnover advance amid the high digitalization demand across industries.

Botosani-based suit manufacturer Formens in 2022 posted net profit worth RON28.3 million (EUR5.7 million), 2.5 times higher than in 2021.

Furniture maker Simex, headquartered in Simleu Silvaniei, Salaj county, for 2022 reported turnover worth RON43.1 million (EUR8.7 million), up 2% on the year, in line with ZF calculations based on Finance Ministry data.

M Core group, made up of London & Cambridge Properties, Evolve Estates, Sheet Anchor and Proudreed, which owns 1,233 properties worth almost £5 billion, is mulling acquiring the 25 retail parks managed by Mitiska REIM in Romania, in line with real estate market data.

Tesla is likely to open its first dedicated center in Romania in the coming year and, in line with real estate data this could be located near Swan offices in Pipera Nord.

Romanian state-owned pharmaceutical manufacturer Antibiotice (ATB.RO) has called shareholders for a general meeting on October 30, 2023 to secure approval for the conclusion of a financing contract worth EUR25 million.

CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the structure of its latest production and logistics project in Arad (western Romania), CTPark Arad West

The first half of 2023 saw a low pipeline of new modern retail projects deliveries, but the second half of the year is expected to be more active, with about 260,000 square meters of new retail schemes announced for the end of 2023, mostly in small and medium-sized cities, according to Colliers' mid-year market report.

AROBS Transilvania Software, a company present on the Romanian capital market since 2021, will start trading on the Main Market of the Bucharest Stock Exchange (BVB) on Monday (September 25) following the transfer from the AeRO market, the equity segment of the BVB’s Multilateral Trading System (MTS), BVB has announced on Friday (Sept 15).

Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, has announced investors in a stock market report that on Friday (Sept 15) the company's Board of Directors has appointed Andrei Bobar as Deputy General Director, effective November 1, 2023.

The employment rate for the working age population (15-64 years) was 63% in the second quarter of 2023, increasing by 0.1 percentage points compared to the first quarter of 2023, data from Romania's statistics board INS showed on Friday (Sept 15).

Adiss (ADISS.RO), a Romanian company specialized in water treatment, said in a stock market report on Friday (Sept 15) that it ended the first six months of 2023 with a loss of RON284,500, compared to a net profit of RON200,500 in the same period of 2022.

Orange Romania, the leader of the local telecom market, has expanded its 5G/5G+ network to Galati, the company said in a release.

Port operator Comvex Constanta (CMVX.RO) ended the first half of 2023 with a net profit of RON103.8 million, up 100.7% from the same period of 2022, as per the company's half-year financial report.