Romania Feed

EBRD is providing EUR12.5 million in financing to Dona Group, an integrated player in the Romanian pharmaceutical market, to support the company's development plans.

Romania's Finance Ministry on Monday reopened a bond issue due in February 2023 and borrowed RON2.1 billion from banks, more than five times the scheduled RON400 million, at an average yield of 8.70% a year.

Austrian company HS Timber Productions (formerly Holzindustrie Schweighofer), active in the timber industry, is investing more than EUR18 million in its mills in Bacau and Covasna counties.

Private lending in Romania grew by 17.5% to RON352.8 billion in June 2022 compared with June 2021, as local currency lending increased by 19% and foreign currency lending by 13.7%, central bank data showed on Monday.

Element Industrial has taken out a EUR23 million loan from Alpha Bank Romania to finance development of the first two phases of the ELI Park 3 project, part of the ELI Park Bucharest North West project in the Buftea-Chitila area.

The three-month ROBOR, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, reached 7.51% a year on Monday, July 25, up 15 basis points from Friday, July 22, when it stood at 7.36% a year, in line with central bank data.

Alesonor, the real estate developer that erected luxury housing project Amber Gardens, has got a EUR21 million funding from Banca Transilvania for the construction of 294 green housing units in the first part of Amber Forest project due to be built in Tunari area of northern Bucharest.

CC Trust Group, a family business founded and owned by Swiss entrepreneur Claudio Cisullo, has entered Romania’s energy efficiency market with a franchise in the field of smart buildings.

Workspace Studio, a company specialized in fitout solutions and office furniture oriented towards human–centered ergonomic design, registered EUR6 million turnover in the first six months of this year, up 20%, and targets EUR11 million by yearend, 10% more than in 2021.

Adobe Systems Romania, the local subsidiary of the world’s biggest producer of graphic design apps, is looking to rent 25,000 square meters of offices in Bucharest and in line with ZF data the company is looking at the The Light project of Politehnica, mulling The Light Two building.

Artprint, the first private printing house after 1990, has a RON5 million investment budget for 2022, with the money aimed at boosting activity efficiency. Some projects have already been implemented, while others are underway.

Regional pharmacy chain Minifarm topped RON250 million turnover in 2021, after a 14% increase on the year.

OMV Petrom, Romania’s largest natural gas producer after Romgaz, ended the first half of this year with a natural gas production of 1.7 billion cubic meters, 11% lower from the same period of last year, in line with ZF calculations based on company reports.

Austrians are ever more dynamic on Romania’s investment market and after UNIQA Real Estate GmbH that bought The Light One building from Ion Radulea in April 2021, in 2022 an investment fund of Erste that owns BCR is contemplating acquiring CA Immo’s offices in Romania, in line with ZF real estate market sources.

Modern stock of industrial and logistics space reached 5.6 million square meters at the end of last year, putting Romania on the third place as a I&L market among the 15 largest economies in the Central and Eastern Europe, a report of real estate consultant Colliers says.

Three-month ROBOR, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, rose to 7.36% a year on Friday, July 22, up 15 basis points from Thursday, when it stood at 7.21% a year, in line with central bank data.

International Lazar, specialized in freight transportation, controlled by entrepreneur Ion Lazar, ended 2021 with total turnover worth RON203.6 million (EUR42 million), from RON140.6 million RON in the previous year.

Bento Intellectually Curious, a Romanian entrepreneurial company founded in 2004 and specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, listed on the AeRO market of the Bucharest Stock Exchange, has announced the approval of a EU funds project worth around RON25 million within the Competitiveness Operational Program 2014-2020, with around RON15.1 million being non-reimbursable funds.

Belgian group Etex, with two plasterboard plants in Romania, bought Ursa, a producer of glass mineral wool and extruded polystyrene, from Germany’s Xella.

One United Properties, the most dynamic real estate developer in Romania, sold the two penthouses part of One Verdi Park project of Barbu Vacarescu in a deal topping EUR12 million plus VAT.