Romania Feed

Roca Industry Holding (ROC1.RO), which owns stake in several do-it-yourself (DIY) and building material companies, announced on Wednesday (June 21) in a stock market report that its Board of Directors decided on June 20 to appoint Ioan-Adrian Bindea, Chairman of the Board of Directors, to the position of Chief Executive Officer (CEO) of the company.

IT group Bittnet Systems (BNET.RO) notified the capital market about the successful completion of the BNET27A corporate bond offering and the setting of the offer price at the nominal value of RON100/bond. Therefore, Bittnet raised RON5 million in this financing round, a report to the Bucharest Stock Exchange shows.

SIF Muntenia (SIF4.RO) has informed the Bucharest Stock Exchange of its shareholders' decision to approve the change of the company's name from Societatea de Investitii Financiare Muntenia SA to Bedrock Investment Group SA.

Mihai Draghici will be taking over the position of Partner of EY Romania in the Consulting department, starting July 2023.

The lack of flexibility in working hours is among the main reasons why women left their employer in the last year and the main cause cited by those who currently want to change jobs, as per the Deloitte Women @ Work 2023 survey conducted globally.

Brokerage firm Goldring, one of the largest brokers on the Bucharest Stock Exchange, posted about RON5.6 million revenue in 22%, 24.6% lower than 2021’s RON7.4 million, Finance Ministry data show.

New car registrations in Romania grew by 26.9% year-over-year to 60.472 units in May 2023, placing the country 14th in the European Union (EU), data from the association of automotive manufacturers in Romania (ACAROM) showed on Wednesday (June 21).

Football club Dinamo has listed on Seedblink platform in a bid to raise funding, giving any Romanian the chance to be an investor.

Banca Transilvania, Romania’s largest bank, has signed with Globalworth, leader of Romania’s office market and the most important investor in office buildings of ECE, a leasing contract for a 10,000-sqm office space in Green Court project located in Bucharest’s Floreasca-Barbu Vacarescu area.

OMV Petrom, the largest integrated energy company in South-Eastern Europe, along with its partner Romgaz, has made the Final Investment Decision for the development of the Neptun Deep project in the Black Sea.

Perla Harghitei SA, a major natural mineral water bottler locally, plans to reach turnover worth above RON148 million (over EUR30 million) this year, budgeting an over 18% increase against 2022.

Grup Feroviar Roman, the most important company of the Grampet group, remains the leader of the rail freight transport market, with more than RON1 billion revenue in 2022, compared with RON771 million in 2021, public data from the Finance Ministry website show.

Romanian startup Dressingz, which launched an online platform that allows users to sell the clothes, footwear and accessories they no longer wear, has raised EUR300,000 financing in the first two weeks since the launch of the campaign on crowdfunding platform Rōnin, according to representatives of the two companies.

GSP Offshore, a company controlled by businessman Gabriel Comanescu, ended last year with RON697 million revenue, down by about 12% compared with 2021, and RON16.4 million net profit, according to the data it supplied and was published in the latest edition of Romania's business yearbook ‘Cei mai mari jucatori din economie’ (Key players in the economy).

Crowne Plaza Bucharest Hotel, operated under a franchise contract by international hotel chain InterContinental Hotels Group, has completed works for mounting photovoltaic panels that can generate a total installed power up to 300 kWp.

Shareholders of Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, on June 20 approved the distribution of dividends in the amount of RON147 million, respectively a combined gross dividend of RON29.85, as per decisions made at the Ordinary General Meeting of Shareholders published at the Bucharest Stock Exchange.

Garanti BBVA, part of Garanti BBVA Group Romania, recorded a net profit of RON191 million in 2022, up 34.3% year-over-year, and net revenue of RON550 million, 20.1% higher than in 2021.

Finqware, a fintech startup that developed integration and open banking applications, has launched a new financing round through which it aims to raise EUR3 million.

Catalyst Romania Fund II, one of the leading venture capital funds in Southeast Europe, invested EUR2 million in the ESX application, a platform aggregating fitness, sport and well-being activities.

Glovo, one of the leading actors on the fast delivery market in Romania, has seen more than 66 million orders in its first five years in Romania, its officials said during an event celebrating this milestone.