Romania Feed

Renewable energy is mentioned by 75% of the respondents to the “Romanian perspective on the impact brought by climate change” study when asked which form of energy should be prevalent in Romania.

Low-cost carrier Wizz Air on Thursday (Sept 29) announced the launch of two new routes from Romania to Leeds (Great Britain), starting October 2022.

The US dollar has depreciated slightly against the Romanian currency on Thursday (Sept 29), for the first time in the last week, as the central bank’s average reference rate stood at 5.1027 lei to the dollar.

Romanians’ spending habits have not changed a lot since before the pandemic, and expenses are uniformly spread across the week, with slight differences between working days and weekend days, a report of Mastercard Economics Institute, which looks at how consumers across the world are holding tight to habits that offer convenience, experience or both, says.

Lender Raiffeisen Bank has provided financing of RON5 million for the construction of the RoCordis hospital in Timisoara (western Romania).

Gaetan Pacton will take over the position of Chief Executive Officer (CEO) of grocery retailer Profi starting October 1, 2022, according to company officials.

Real estate developer Impact Developer & Contractor (IMP.RO) completed in the Greenfield Baneasa project a new stage of development, Panoramic Apartments, with a total market value estimated at over EUR16 million.

The auto liability insurance policies (RCA) market reached RON4.25 billion in the first half of 2022, up 89% from the same period in 2021, a record high compared to the first half of the last five years.

Diverta bookstore chain, controlled by entrepreneur Augustin Dragan, has listed a series of products on delivery platform Tazz that is under eMAG group’s umbrella.

The shareholders of One United Properties, one of the largest real estate investors in Romania, in the 28 September meeting of the General Assembly of Shareholders (AGA) approved the distribution of the first tranche of 2022 dividends, namely the payment of a dividend worth RON36.1 million, meaning RON0.13 per share, on November 3 to all shareholders owning ONE shares on October 18.

AROBS Transilvania Software, a Romanian IT company controlled by entrepreneur Voicu Oprean, posted net profit worth RON28.8 million in the first half of this year up 9% vs the year-earlier period.

A total of 51 million tons of freight went through Romanian maritime ports in the first eight months of 2022, an increase of 13% on the year-ago period, preliminary data supplied by the Maritime Ports Administration Constanta show. Out of the total traffic, a little over 10% came from Ukraine and Moldova.

Romania’s national gas transmission company Transgaz (TGN.RO) on Wednesday evening notified the Bucharest Stock Exchange of its board of directors having approved, subject to voting by a General Meeting of Shareholders, an increase in share capital by incorporating the reserves made from the net profit in the previous financial years in amount of RON1.77 billion.

Olimpia Parking, a Romanian-Swiss owned company, completed an investment in a 1,500-space parking lot near Otopeni Airport this September.

Nuclear power producer Nuclearelectrica and Nova Power & Gas launch RoPower Nuclear, the project company for the development of small modular reactors (SMRs) in Romania, on the site of the former coal-fired power plant in Doicesti, Dambovita County, Nuclearelectrica said in a stock market report on Wednesday.

Harri Kiiski said he was resigning from the position of Chief Executive Officer (CEO) of Azomures, the largest fertilizer producer in Romania and the biggest natural gas consumer, after almost five years of activity, citing personal reasons.

Courier services company Cargus is launching its own network of lockers, targeting investments of EUR40 million in the next two and a half years.

Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, announced in a stock market the payment of dividends from profit reserves of previous years and the distribution of 2021 profit through Depozitarul Central (the Central Depository) and the payment agent BRD – Groupe Société Générale.

Dent Estet Group, part of the MedLife Medical System, is getting ready to open a new dental clinic in Arad, chief executive officer Cristian Taban said at the ZF Health&Pharma Summit ’22.

Bitdefender, one of Romania's most successful IT companies, which has become a strong global player in the cybersecurity solutions market, has announced a spectacular partnership with Scuderia Ferrari in Formula 1, which will see the company's logo displayed on the Ferrari drivers' helmets as well as on the F1-75 single-seater driven by Charles Leclerc and Carlos Sainz.