Romania Feed

Grain trader Global Grain International, which also operates the vegetal oil plant Ultex of Tandarei, Ialomita county, in 2021 generated turnover worth RON2.4 billion, nine times bigger than the 2020 one, in line with ZF calculations based on Finance Ministry data.

Freshful, one of the newest online hypermarkets on Romania’s market, a project developed by eMAG, leader of the local virtual retail sector, has reached the threshold of 15,000 clients per month, more than double the level of April 2022.

The Board of Directors of ArcelorMittal Hunedoara (SIDG.RO), the steel mill owned by the ArcelorMittal, has decided to temporarily reduce activity of the company in July 23 – August 5, 2022 and to pay 75% of the employees' basic salary, a report published on the Bucharest Stock Exchange says.

Romania's Finance Ministry on Thursday raised RON728 million from banks via a government paper auction with a nominal value of RON300 million, due in 2026, at an average yield of 9.08% a year.

Nuclearelectrica (SNN.RO),the only nuclear power producer in Romania, has announced the advancement of the Unit 1 Refurbishment Project by signing the first contract with Candu Energy, member of the SNC-Lavalin Group and the Authority for Designing Unit 1 and OEM (Original Equipment Manufacturer) of the CANDU technology, the company said in a report to the Bucharest Stock Exchange.

Chimcomplex (CRC.RO), Romania's largest chemical plant with industrial sites in Onesti and Ramnicu Valcea, has inaugurated a production installation for special polyols on the Oltchim site, following an investment of EUR40 million.

Nordis Group, a real estate developer of premium hotel and residential complexes, posted sales of RON123.7 million in the first half, as a result of the sale of 255 apartments in its four projects under construction.

A group of Romanian and English investors is set to invest EUR50,000 via BA platform Growceanu in T-DAB.AI, a Deep Tech British company, in a EUR600,000 round.

Deloitte Romania will provide automation solutions for SMEs, large companies and corporations operating in fields such as financial services, production, retail, pharma, telecoms, transport and media and advertising, but also for the public sector, on the basis of a partnership sealed with US software company Creatio, which offers a codeless platform for the automation of workflows and client relationship management.

Suceava-based paving stone manufacturer Symmetrica reported 20% higher turnover for the first half of 2022, as prices of raw materials went up by as much as 30%.

Aluminum producer Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum smelters in Europe and the biggest electricity consumer in Romania, is set to submit the decision to temporarily half the alumina production activities of Alum Tulcea for an estimated 17 month-period to the General Assembly of Shareholders meeting of July 29, for approval.

Cisco Systems Romania, the local subsidiary of the US giant of the same name, reported turnover worth RON69 million (EUR14 million) in 2021, down 3% from the previous year.

Hervis, a major player in sporting goods retail, with a network of around 40 units, has refurbished two stores since the start of 2022 and is remodeling a third one. The company is also due to open a store in Slatina.

Dan Dodita, CEO of furniture producer Spectral Mobila of Barlad, Vasliu county, says the company saw its turnover go up by 20% in the first five months of 2022 against the same period of 2021, in line with levels budgeted in early 2022.

River transport company Trading Line Group, majority held by Paul Ivanov, is set to invest EUR50 million to boost its vessel fleet.

Verdino, a startup co-founded by entrepreneurs Raul Ciurtin and Eberhart Raducanu, which makes pea protein-based foods, has attracted a new funding round from its already existent shareholders.

One United Properties, the most dynamic real estate developer in Romania, is considering selling One Herastrau Office building of Bucharest’s Aviatiei area, with this being valued at EUR23-25 million.

Hidroelectrica, Romania's largest state-owned energy producer, ended the first half with a 3 TWh decrease in energy production compared with last year when the company injected more than 10 TWh into the system.

Avram Iancu International Airport in Cluj-Napoca registered more than 1 million passengers in the first half of this year and expects 3 million passengers next year.

Avram Iancu International Airport in Cluj-Napoca registered more than 1 million passengers in the first half of this year and expects 3 million passengers next year.