Romania Feed

Microsoft Romania turnover in 2021 climbed by 20% to RON558.9 million (EUR113.5 million), while the company’s net profit reached RON42 million, 26% higher than in 2020.

Telekom Romania Mobile, the former Cosmote, the fourth largest company on Romania’s mobile telephony market, a company controlled by Deutsche Telekom, Germany, and OTE, Greece, for the second quarter of 2022 reported rising revenues, profit and number of clients, with the upward trend also supported by the carrying out of some contracts with the former group company Telekom Fix, now controlled by Orange.

Bitdefender, one of the most powerful software companies created in Romania, which became a global leader on the market of cybersecurity solutions and is readying to list on the US stock market, for 2021 reported the highest net profit since its foundation.

Romanian cable producer Romcab currently has 88 jobs available for its Targu-Mures plant.

Romanian massage chair retailer Komoder will enter Austria’s market in September with a new showroom in Vienna, after having recently opened a showroom in Malaga, Spain.

Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, has budgeted 15-20% higher turnover for 2022 and will add two floors next year, according to its officials.

Adrian Ariciu, CEO of Metro Cash&Carry Romania, says the company counts on growth in 2022 as its clients’ businesses are rising, its share of the distribution market in is on an upward trend and sales volumes are going up.

Romanian entrepreneur Andrei Siminel, who controls stock market broker Tradeville, has appointed Calin Fusu to the position of nonexecutive member in the Board of Directors of Tradeville.

Swiss Capital, Banca Comerciala Romana (BCR) and BT Capital Partners were the most active brokers at the Bucharest Stock Exchange in the first seven months of 2022, jointly accounting for 56.6% of total intermediations, respectively brokered deals worth little over RON10 billion, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.

Romania's finance ministry raised RON1.7 billion on Thursday (August 4) from banks via two government paper auctions at annual average yields of 8.36% and 7.97%.

Over EUR2.5 billion will be available to companies in Romania in the coming months for investments in development, retrofitting, digitization, recycling or investments in increasing energy efficiency, as per an analysis by REI, one of the largest groups of companies specializing in attracting non-reimbursable financing from European funds and state aid for companies in Romania.

Bittnet (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock Exchange, has consolidated its entire cybersecurity activity under the same identity - FORT, a company aiming to be listed on the AeRO market of the Bucharest Stock Exchange.

Law firm Filip & Company has provided legal advice to One United Properties (ONE.RO), one of the largest real estate developers in Romania, in relation to the share capital increase process whereby One United raised RON253.7 million (EUR51.5 million) from investors.

Law firm Dentons provided legal assistance to Romanian natural gas producer and supplier Romgaz (SNG.RO) for the completion of the acquisition of the 50% ownership stake held by US ExxonMobil Exploration and Production Romania Limited (EMEPRL) in the Neptun Deep offshore block in the Black Sea.

Watching TV and movies at home remains the favourite leisure activity for consumers of all ages, according to the latest edition of the Deloitte Digital Media Trends report, especially among Baby Boomers (40%) and Gen Xs (27%), followed by Millennials (20%).

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, has grown to 8.11% a year on Thursday (August 4) from 8.05% level on Wednesday (August 3), as per central bank data.

Real estate deals sealed on the Romanian market hit EUR323 million in the first half of this year, up 6% from the year-earlier period, with 14 contracts of an average EUR23 million value being signed, reveals Romania Real Estate Market Outlook 2022 report launched by CBRE Romania.

MedLife, the main player on Romania’s private healthcare market, has acquired 60% in Brasov-based ophthalmological diagnosis and surgery clinic Opticristal, with over EUR1 million turnover in 2021.

Construction material wholesaler Temad Brasov has budgeted 17% turnover growth in 2022 on the year, to RON260 million.

Ciprian Rosca, commercial manager of Cramele Recas group, says the wine producer considers acquiring a smaller winery for development.