Romania Feed

Austria’s Enery Power Holding, also present on the energy markets of Czechia, Slovakia and Bulgaria, signed an agreement to buy the renewable energy project portfolio owned by Canada’s Jade Power Trust in Romania, for EUR71 million.

Network One Distribution (NOD), Romania’s largest IT equipment distributor, will merge through absorption with bike producer Atelierele Pegas, a company it already controlled.

Poland’s Inovo VC, now raising capital for its third fund totally worth EUR100 million, plans to invest around 10-20% of this sum in tech startups of Romania.

Promed System, which controls two Wellborn hospitals in Bucharest, has opened a maternity within Militari hospital with two surgery halls and 12 places.

Carniprod Tulcea, one of Romania’s biggest meat processors, controlled by entrepreneur Nicolae Ciuleac, has invested in new equipment at the plant and plans to set up an online store to sell its products.

Mobexpert turnover rose by 6% in the first six months of this year against the corresponding period of 2021, says Adelina Badea, the company’s CEO.

Trutzi, a manufacturer of wrought iron products of Suceava, with RON350 million turnover, wants to build a new plant.

Romania's finance ministry on Monday raised RON530 million from banks selling government bonds maturing in 2034 and 2025, at annual average yields of 7.85% and 8.05%, respectively.

Transactions of apartments and houses began to decline starting with spring 2022 due to high energy costs, rising construction materials and fuel prices, in addition to rising costs associated with mortgages, according to Colliers consultants.

The Bucharest office of CEE / SEE law firm Wolf Theiss has announced that Roxana Dudau became Partner and will also coordinate the Real Estate & Construction practice in Romania starting September 1, 2022.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) announced in a stock market report that it appointed Marian Serban to the position of Deputy Operations General Manager starting September 1, 2022.

PeliPartners has assisted GTC, one of the leading commercial real estate companies in the CEE region, during the process of selling the A-class Cascade Office Building, one of the landmark office buildings in central Bucharest, via a share deal to Hungarian Crown Holding Kft. a real estate investment company active on the Hungarian and Romanian real estate market.

Softbinator Technologies (CODE.RO), a Romanian company providing software development services based mostly on blockchain, artificial intelligence and DevOps, reported a net profit of RON1.9 million, on an individual level, in the first half of 2022, up 35% on the year, and a turnover of RON8 million, up 18.6% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s half-year financial report.

Softbinator Technologies (CODE.RO), a Romanian company providing software development services based mostly on blockchain, artificial intelligence and DevOps, has summoned its shareholders on October 12, 2022 to approve the unfolding of a program for the issue of corporate non-convertible bonds worth RON20 million tops.

Real estate developer Impact Developer & Contractor (IMP.RO) has summoned its shareholders on October 7, 2022 to approve a share capital increase through cash contribution, through one or several issues of new ordinary shares with a value that must not exceed 250 million newly issued shares.

The management board of building materials producer TeraPlast announced it approved the setting up of the company, as a sole associate, of a limited liability company in Hungary, in Berettyóújfalu locality, with a total share capital of HUF3,000,000 (RON35,980).

Restart Energy, one of the largest independent electricity suppliers in Romania, announced it has signed a EUR120,000 contract with paver manufacturer Elis Pavaje, owned by Gota family, for the installation of 320 photovoltaic panels on the rooftop of Petresti unit.

SafeTech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, for 1H/2022 reported total revenues worth RON15.3 million, up 16% from the year-earlier period, RON10.7 million turnover, up 15%, and net profit of RON2.6 million, 104% higher than in the same period of last year.

Retail turnover, the main barometer for private consumption, in the first seven months of this year went up by 4.8% in gross series, from the same period of last year, amid rising sales of fuel (by 8.5%), non-food items (5.2%) and foodstuffs, beverages and tobacco (2.2%), in line with data from the country’s statistics board INS.

Veeam Software, a provider of solutions ensuring data availability and recovery, headquartered in Columbus, US, in 2021 posted in Romania net turnover worth RON200.4 million (EUR40.7 million), over 21% higher than in 2020.