Romania Feed

Atos IT Solutions and Services, the local subsidiary of the French group of the same name, one of Europe’s biggest IT&C integrators, in 2021 posted net turnover worth RON545.8 million (around EUR110.9 million), slightly higher than the 2020 level, while its net profit slid by almost 30% from RON119.7 million (EUR24.7 million) in 2020 to RON84.3 million (EUR17.1 million) in 2021.

China’s Huawei, one of the world's biggest players on the phone, PC and wearable gadgets market, plans to strongly develop sales on the B2B segment in Romania, from small and medium-sized companies, to large ones and governmental organizations, a step envisaging the setting up of a dedicated team.

Prices of Bucharest’s old three-room apartments dropped, on average, by EUR150 or 0.1% in August month-on-month, to EUR109,100, shows ZF real estate index compiled with real estate consultancy SVN Romania.

Adrian Garmacea, owner of Bacau-based windows manufacturer Barrier, plans to open five warehouses across Italy, one of the company’s main export markets, in a bid to ease up sales.

Four-star hotel Capital Plaza, opened in 2009 on Iancu de Hunedoara boulevard and controlled by Romanian entrepreneurs, forecasts over EUR2 million revenues for this year.

HTEC Group, a global consulting, software engineering and digital product development company based in San Francisco, on Friday (Sept 2) announced the acquisition of Sarajevo-based Mistral Technologies.

Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, had a net profit of RON13.6 million in the first half of 2022 as compared to a net loss of RON36 million in the year-earlier period, as per its half-year financial report sent to the Bucharest Stock Exchange.

New car registrations in Romania decreased by 22.26% to a total 12,538 units in August 2022 versus August 2021, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed Friday.

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ends the week at 7.93%, after staying flat at 7.95% in the past two trading days, central bank data show.

Industrial production prices, a key indicator in gauging inflation, in July 2022 rose by 5.2% on the month and by 52.3% compared to July 2021, both on the domestic market and for the foreign one, with the biggest increase coming in the energy area, where prices spiked by 151% year-on-year, in line with national statistics board (INS) data.

In 2Q/2022, vs 2Q/2021, hourly labor costs in adjusted form (by the number of working days) rose by 11.67%, in line with statistics board (INS) data.

The management of telecom company DIGI Communications on September 1 decided to pay a gross dividend of RON0.85 per share, with the total sum amounting to RON80.7 million (EUR16.6 million).

AFI Europe, owner of AFI Cotriceni mall of Bucharest, started construction works for the company’s first retail park, set to be built in Arad.

Bucharest’s Trident clinic, controlled by doctor Florin Lazarescu, will reach the RON20 million mark in 2022 at group level, in line with expectations of the stomatology brand’s founder. This means 33% growth from 2021 and plans envisage new investments in equipment and possible expansions.

Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), reached underwritten premiums worth above RON1 billion in the first half of this year, 45% more than in the same period of last year, with 80% of premiums, namely RON800 million, coming from the car insurance segment.

Romania’s ten largest pharmacy chains generated overall turnover of RON12.3 billion in 2021, accounting for half of the total pharma retail market, in line with calculations by Ziarul Financiar (ZF) daily based on Trade Registry data.

Residential developers in Romania remain focused mostly on areas outside of capital city Bucharest where the land supply is abundant, prices are smaller and building permits are obtained without challenges, as per a Colliers market report on the evolution of the real estate market in the first half of 2022.

Romania's finance ministry on Thursday raised RON1.2 billion from banks selling government bonds maturing in 2032 and 2025, at annual average yields of 7.81% and 7.76%, respectively.

Romanian apparel manufacturer Braiconf Braila (BRCR.RO) on Thursday said it ended the first six months of 2022 with a net profit of RON756,054, from a loss of RON483,886 in the first six months of 2021, as per the company’s half-year financial report.

Regional investment fund SIF Banat-Crisana (SIF1.RO) ended the first half of 2022 with a net profit of RON12.4 million, lower by 94.3% or by 17.5 times than the level reported in the same period of 2021, as per data from the company’s half-year financial report sent to the Bucharest Stock Exchange.