Romania Feed

Construction material manufacturer Cemacon Cluj (CEON.RO) on Thursday announced the closing of the first stage of the share capital increase whereby it raised RON63.8 million from investors, as per a stock market report.

Prime Kapital, a real estate developer and investor active in Central and Eastern Europe, and its investment partner MAS PLC, a real estate investor listed on the Johannesburg Stock Exchange, plan to invest EUR1.97 billion in retail, office, and residential developments in Romania with a total area of 1.5 million square meters, by 2029.

Golden Foods Snacks, which owns the ELMAS brand of seeds, peanuts and dehydrated fruits, announced a loss of RON740.400 for the first half of 2022, as compared to a net profit of RON1,000 in the same period in 2021, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s half-year financial report.

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Thursday (Sept 1) said in a stock market report that it placed with state-run lender CEC BANK a term deposit in the amount of RON130 million, without auto-renewal option.

Romania's foreign exchange reserves increased to EUR42.8 billion in August 2022, higher by EUR83 million than in July 2022, central bank data showed on Thursday (September 1).

Romanian regional investment fund SIF Muntenia (SIF4.RO) saw revenues more than double in the first half of this year against the year-earlier period, to RON68 million, but it ended in the red, with RON69 million losses, from RON163 million profit.

BestJobs Recrutare, controlled by Neogen, in the first six months of this year registered RON20 million turnover, up 39% from the year-earlier period, amid rising services demand, and RON6.4 million net profit, 65% above the 1H/2021 level.

Patria Bank, a lending institution held by investment fund Emerging Europe Accession Fund (EEAF), in the first half of this year reported RON10.1 million profit, up 67% from the corresponding period of 2021.

Zentiva Romania, a major pharmaceutical manufacturer in Romania, in the first half of this year posted RON362 million turnover, up 10%, and net profit worth RON31.7 million, 8% lower than in the same period of 2021.

Romanian Business Consult (RBC), the biggest IT integrator for the retail industry in Romania, has sealed a partnership with startup Tailent to provide software robots aiding business optimization via automation.

E-commerce solutions provider Blugento is readying for international expansion and plans to open its first office of Western Europe in 2023, according to Vlad Stanescu, Blugento CEO and co-founder.

Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) reported RON18.9 million net profit for the first six months of this year, down 4.7% from 1H/2021.

Sphera Franchise Group, the operator of the KFC, Pizza Hut and Taco Bell franchises in Romania, Italy and the Republic of Moldova, is readying to open five new restaurants by yearend, four KFC ones and a Taco Bell restaurant.

International freight forwarding and logistics group International Alexander based in Arad, founded by Simion Ioan Apreutese, is readying to launch an e-commerce platform in the coming months.

Chimcomplex, Romania’s largest chemical plant, has several investment projects for its “green” transformation. Its total 2022 investment budget stands at RON590.6 million.

Online furniture and home decor retailer Vivre Deco on Wednesday said it ended the first half of 2022 with a loss of RON18.64 million as compared to a loss of RON17 million in the same period of 2021, as per its half-year financial report sent to the Bucharest Stock Exchange.

Romania’s finance ministry is launching new government bond issues for the general population only, on Thursday (Sept 1), through the TEZAUR and FIDELIS programs.

The staff policies of companies around the world increasingly rely on technology to fill the workforce shortage, with almost 60% of them estimating an increase in the use of artificial intelligence (AI), robots or chatbots and 37% foreseeing a more intensive collaboration with mobile app developers and providers over the next two years, as per the Orchestrating Workforce Ecosystems study conducted by Deloitte and MIT Sloan Management Review.

Software solutions provider LIFE IS HARD (LIH.RO), listed on the AeRO market of the Bucharest Stock Exchange, on Wednesday (August 31) said it ended the first half of 2022 with a turnover of RON12.4 million, up 20% on the year, and a net profit of RON1.6 million, up 335% versus the first six months of 2021.

eMAG Group is consolidating its management team in Hungary by appointing Daniel Spiridon to the position of CEO, effective September 1, 2022.