Romania Feed

Romania places 28th in a ranking of the 34 most attractive countries in Europe, the Middle East and Africa (EMEA) for private companies, according to PwC.

Stay Fit Gym, Romania’s second largest gym chain by the number of opened centers, controlled by investment fund Morphosis Capital, has completely taken over two fitness centers in Sibiu and Galati.

Romanian startup easySales, which set up an automated B2B management and e-commerce platform, has integrated into its own platform the courier services of Packeta Romania, a global digital platform for e-commerce, as part of its expansion strategy.

Belor Romania, part of Germany’s Belor Eurofert GmbH, for 2021 reported turnover worth RON405.9 million (EUR82.5 million), up 83% on the year. It returned into the black, with a net gain of RON19.8 million (EUR4 million), from losses of RON7.7 million (EUR1.6 million) in 2020.

Quadra Invest, an upholstered furniture producer of Targoviste, Dambovita county, owned by Gijsbert Huijink, an entrepreneur with 20 years of experience in Romanian business, exports 95% of production.

Romania’s drug production is based on 158 companies, which generated RON48 billion turnover in 2021, up 6% year-on-year. Yet, the number of companies operating on this market dropped and current challenges are putting additional pressure on this field.

Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, posted consolidated revenue of RON37.6 million and RON3 million net profit in the first half of 2022.

Banca Transilvania (TLV.RO), the largest lender in Romania, has called shareholders for October 18, 2022 to vote on an issuance program of corporate bonds denominated in euros and/or lei and/or foreign currency, as the case may be, under market conditions in terms of interest rate, with a maturity of no more than 10 years and a frequency of annual or semi-annual coupon, the lender said in its report to the Bucharest Stock Exchange.

ROCA Agri RDF, the holding specialized in agriculture of ROCA Investments, has acquired Dachim, a Romanian trader of agricultural products.

Finnish-held Nokian Tyres, one of the largest tire makers in the world, whose products only go to the aftermarket and not to carmakers’ plants, is considering a new plant in Romania.

Romania places 34th in the world by overall digital wellbeing, according to Surfshark’s Digital Quality of Life Index 2022. The country's ranking has not changed since last year’s edition.

Metaminds, a Romanian integrator of cybersecurity solutions and complex IT solutions, estimates a EUR35 million turnover at end-2022, company officials said in a statement.

Polish investment fund Innova Capital and the European Bank for Reconstruction and Development (EBRD) sold the 25% stake they still owned in EnergoBit, a Romanian holding company providing end-to-end solutions for energy projects.

Romania’s cinema market has started the recovery from the declines faced during the pandemic but is still far from the figures recorded between 2016 and 2019.

SIF Banat-Crisana (SIF1.RO) said in a stock market report on Wednesday (Sept 14) that SIF Oltenia (SIF5.RO) exceeded the 10% ownership threshold of SIF1 shares at the trading session held on Sept 12.

Romania’s industrial production fell by 1.3% in unadjusted data in January-July 2022 versus the same period of 2021 and by 2.2% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed Wednesday (Sept 14).

The first high-level forum, “Moldova – Romania: Capital Bridges”, dedicated to promoting the opportunities of the capital market of both countries, was held in capital Bucharest on 13 September.

Dutch renewable energy group Photon Energy has started the construction of its seventh solar photovoltaic (PV) power plant in Romania, which will have a generation capacity of 7.1 MWp.

Agribusiness group Rodbun has contracted from state-run lender CEC Bank credit lines worth a combined RON30 million, with PCF Investment Banking acting as exclusive financial consultant in structuring, negotiating and implementing the transaction.

Luxury jewelry chain Teilor, present in ECE, for the first six months of 2022 reported RON124 million sales on Romania’s market, up 44% from the year-earlier period.