Romania Feed

RCS & RDS and its subsidiary DIGI Spain Telecom S.L.U have contracted a five-year term loan of EUR128 million which will be used to finance the expenditure on the Spanish market.

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Aug 1) announced the completion of the acquisition transaction and the transfer of all shares representing 100% of the share capital of US’ ExxonMobil Exploration and Production Romania Limited (EMEPRL) which holds 50% of the acquired rights and obligations under the Petroleum Agreement for the Deep Water Zone of Neptun XIX offshore Block in the Black Sea.

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Aug 1) said in a stock market report that it placed with state-run lender CEC BANK a term deposit in the amount of RON70 million, without auto-renewal option.

Law firm Tuca Zbarcea & Asociatii advised MOL Romania Petroleum Products on all legal matters regarding the design, authorisation and execution phase of the service stations located on the A2 Motorway.

With a score of 30.6 points, Romania lags behind all other EU Member States, according to the European Commission's 2022 Digital Economy and Society Index (DESI) which tracks digital progress in the European Union. The EU average is 52.3 points.

Chimcomplex, Romania's largest chemical plant with industrial sites in Onesti and Ramnicu Valcea, on Monday announced a new structure of its Board of Directors that will lead to streamlining and improving the decision-making process within the company and corporate governance.

Romania’s unemployment rate stood at 5.3% in June 2022, lower by 0.1 percentage points than 5.4% in May 2022, data from the country’s statistics institute INS shows on Thursday (June 30).

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 8.01% a year on Monday (August 1), higher by 4 basis points than the 7.97% level reached on Friday (July 29), as per central bank data.

Lender Banca Comerciala Romana (BCR) in the first half of this year posted net profit worth RON1.04 billion (EUR210.7 million), up 50.9% from the RON690.8 million (EUR140.9 million) reported in the same period of last year, owing to improved operating performance supported by soaring lending activities.

Ubisoft Romania, a major video game developer on the local gaming market, with around 2,000 employees in the two offices of Bucharest and Craiova, seeks to recruit over 250 people for the game testing department, as well as in the production and IT support departments.

Bega Turism, the biggest tourism company in Timis county, controlled by Cristescu brothers, in the first six months of this year generated results similar with those of the first half of 2019, the best year in tourism.

DIY network Brico Depot, with 35 stores on the Romanian market, wants to expand the range of products it sells in Romania and continue investments in the online platform.

The four-star Cismigiu hotel of Bucharest, one of the city’s landmark buildings, controlled by Spain’s Hercesa, expects to reach EUR1.45 million turnover by yearend, 80% of the benchmark 2019 tear.

Alexandru Soacate, deputy CEO of retailer Annabella, says the company has opened two units so far in 2022, but it wants to step up the pace and reach 10-15 opened units by yearend.

Romanian businessman Iulian Dascalu, who owns real estate developer Iulius Group, has acquired the majority ownership stake of 95% in the company Build Corp Prefabricate founded by George Ivanescu, in line with a statement by Iulius.

Low-cost carrier Wizz Air has announced the launch of two new routes from Romania to Italy.

The former Clujana shoe factory, an industrial heritage space of 2200 square meters currently held by the local authorities in Cluj Napoca, was turned into a regional creative hub, under the name of MushuROI, a concept initiated by Sani Stranszky and developed together with Adrian Dragos.

One United Properties (ONE.RO), one of the largest real estate developers in Romania, on Friday announced the closing of the first stage of the share capital increase operation, following which it raised RON71 million.

Mobexpert and Alpha Bank Romania are launching a co-branded shopping card through which customers of Mobexpert, Romania’s largest furniture manufacturer and retailer, can benefit from up to 36 interest-free instalments for purchases in Mobexpert stores and online at www.mobexpert.ro.

The Romanian office of the CEE / SEE law firm Wolf Theiss continues to expand its local team by hiring six new lawyers at the following practice groups: Projects, Energy & Infrastructure, Dispute Resolution, Corporate / M&A and Employment.