Romania Feed

U.S. Trade and Development Agency (USTDA) has awarded a grant of $14 million to RoPower Nuclear SA (RoPower), the project company for the development of the small modular reactors recently established by Nuclearelectrica and Nova Power & Gas.

OMV Petrom (SNP.RO), the biggest company listed on the Bucharest Stock Exchange, reported record high financial results for the first nine months of 2022 amid rising fuel prices and higher electricity sales.

Italy’s farm machinery maker Maschio-Gaspardo Romania, which owns a plant in Chirsineu-Cris, Arad county, currently has 65 jobs available.

Agribusinessjob, a recruitment agency specializing in the agrifood sector, founded by Marius Ogrezeanu, has invested over RON500,000 in a job platform dedicated to the agrifood field amid a shortage of stable and skilled employees.

Rasvan Radu will end his term as CEO and Chairman of the Board of UniCredit Bank Romania and will continue his professional career within UniCredit Group, where he will supervise the implementation of strategic projects in Central and Eastern Europe.

Alpha Bank Romania, part of the Greek Alpha Bank Group, will relocate part of its operations to the City Gate North Tower from January 2023, where it will occupy 5000 square meters, i.e. more than 10% of the total office building area.

Romgaz (SNG.RO), a natural gas and electricity producer held by the Romanian government via the Energy Ministry, on October 27 announced conclusion of three deals with Engie Romania, Electrocentrale Bucuresti and E.ON Energie Romania, according to a report submitted to the Bucharest Stock Exchange.

Romania's Finance Ministry on Thursday (October 27) borrowed RON722 million from banks via a bond issue due in October 2027, at an annual average yield of 9.26%.

Ioana Enache, who served as regional general manager with Amway for the last ten years, is the new chief executive officer of SanoVita, one of the leading local actors in the plant-based food industry, with a presence of more than 25 years in Romania.

Media monitoring company Klarmedia has taken over rival Media Image Group, the first specialist company in this business in Romania, Klarmedia announced.

Austrian construction group Strabag has won a new contract in Romania, together with its associate partner Geiger, and is set to build a 15.7 km section of A3 highway, between Campia Turzii and Chetani, worth EUR85 million.

Real estate developer One United Properties has obtained the building permit for One High District, a housing compound set to be built on an around 25,000-sqm land plot, of which more than 30% are green areas, located in Ionel Teodoreanu street, in Floreasca-Barbu Vacarescu area.

Adobe Romania, the local subsidiary of the US giant of the same name, has reached 1,000 employees in Romania and is further recruiting software specialists, currently having over 40 jobs available.

Romanian ERP software development company Pluriva, set up in 1998, wants to hit the mark of 2,000 corporate clients using its integrated business management system.

Valcea-based construction materials producer and retailer, controlled by entrepreneur Remus Daniel Nitu, for 2021 reported turnover worth RON489.8 million (EUR99.5 million), up 62% on the year, in line with ZF calculations based on finance ministry data.

Romanian agribusiness company Holde Agri Invest wants to develop a fifth operations nucleus by yearend should it successfully complete a series of underway negotiations, explained Robert Lisenche, an investment manager with the company.

Urban Invest, the developer of the Urban Plaza mixed-use project in Brasov, will invest EUR25 million in building the first hotel to operate under the AC Marriott brand in Romania.

Real estate developer Hagag Development Europe is expanding its presence in the Bucharest office space market, in the niche of small spaces.

A total of 868,000 square meters of industrial and logistics space were leased in Romania in the first nine months of the year, almost double as many as in the year-ago period and already more than the entire 2021, data from real estate consulting company CBRE Romania show.

The real estate and construction sector has attracted around EUR12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to 17.4% at the end of 2021, compared with 9.2% in 2012, data from Romania’s central bank analyzed by the Cushman & Wakefield Echinox real estate consultancy company show.