Romania Feed

Building company Drum Asfalt of Bihor, owned by Floare Petroi, has EUR1 million investments underway by yearend, with the money set to be directed to work equipment and personnel.

Transport Trade Services (TTS), the biggest freight shipper on the Danube, listed on the Bucharest Stock Exchange, has got the greenlight for the funding of a project related to the modernization of Giurgiu harbor infrastructure, in Ramadan area, via EU funds, in a total investment worth RON23.8 million (EUR4.9 million), according to the company’s officials.

French fashion brand Orsay has shut down all its physical stores in Romania, together with the online one, with part of the company’s products being now available on the online platform aboutou.

Coffee shop chain Ted’s Coffee is set to open another four units in 2022, according to Vasi Andreica, the chain’s founder.

Carrion Expedition, the Spanish-owned freight transport company based in Cluj-Napoca, posted RON314.3 million (EUR63.9 million) revenue in 2021, down 32.8% from the previous year’s RON467.7 million (EUR96.7 million), Finance Ministry data show.

Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgian group BMT, posted RON151.7 million revenue (EUR30.8 million) for 2021, up 24% from the previous year, according to data from the of Finance Ministry.

Grain trader Agropec Dionis ended 2021 with RON282.3 million (EUR57.4 million) revenue, up 62.6% on the RON173.6 million (EUR36 million) of 2020, ZF has calculated from Finance Ministry data.

Car parts producer Bos Automotive Products Romania S.C.S, a subsidiary of Germany’s BOS GmbH&Co. KG, ended 2021 with a turnover of RON410.7 million (EUR83.5 million), up 12.4% from RON365.4 million (EUR75.5 million) in 2020, as per finance ministry data.

Nuclear power producer Nuclearelectrica (SNN.RO) placed with Romania’s import-export bank Eximbank a term deposit without extension in the amount of RON53.5 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Friday (June 24).

ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announced on June 27 that Vimetco Extrusion, its downstream subsidiary in charge with the extrusion business, completed the installation of a new state-of-the-art press extrusion line, following an investment of almost EUR10 million since the start of this project in March 2021.

Medical operator Medima Health, specialized in medical imaging and radiology, has opened a medical imaging clinic in Braila following an investment of EUR1.5 million, according to company officials.

Private lending in Romania grew by 16.5% in nominal terms (1.8% in real terms) to RON345.2 billion in May 2022 compared to May 2021, as local currency lending increased by 20% (4.8% in real terms) and foreign currency lending by 8.2% when expressed in lei (7.6% when expressed in euros), central bank data showed on Monday.

Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, has attracted EUR2.4 million in EU funds from the European Regional Development Fund REACT-EU for a total investment of EUR4.3 million in Suceava County.

Romania’s finance ministry listed four new issues of FIDELIS government bonds totaling over RON1.44 billion, on Monday (June 27). The four issues are traded under the stock symbols R2306A, R2506A, R2306AE, R2406AE.

Dacia Plant, which specializes in manufacturing food supplements and tea, overshot the RON50 million turnover mark in 2021 after a 24% year-over-year increase.

This year Dentons celebrates a quarter century of delivering legal advice to its clients in Romania and the region. Perry V. Zizzi, Managing Partner of Dentons Romania, sat down with BR to discuss how the practice of law has changed and the long-term outlook on the Romanian market. By Anda Sebesi   Dentons has been […]

The four building materials factories in Romania of Austrian Leier Group generated combined revenue of RON286 million in 2021.

US President Joe Biden at the G7 Leaders’ Summit on Monday announced allocation of a $14 million grant under the Partnership for Global Infrastructure and Investment (PGII) initiative for a new phase of the small modular nuclear reactor development by NuScale in Romania, Nuclearelectrica (SNN.RO) said.

Petronius Secareanu, General Manager at Canon Romania and Bulgaria, sat down with Business Review to talk about how the company helps its corporate clients become more productive and collaborate more efficiently, in a secure manner, in the hybrid work environment. By Anda Sebesi   Hybrid work has become the new normal for many companies. What […]