Romania Feed

Romanian company Certion, which develops real estate projects in local seaside and mountain resorts, has inaugurated the Moussay Olimp Beach Club project in Olimp seaside resort, following an investment of over EUR500,000.

CTP Group, the largest owner, developer and manager of industrial and logistics space in Europe, has delivered a built-to-suit warehouse covering approximately 35,000 square meters for A&D Pharma – Dr.Max Group, the leading pharmacy chain in Central Eastern Europe.

Azomures, the largest natural gas consumer in Romania and the main fertilizer producer, will temporarily suspend production of ammonia due to natural gas prices, the company said in a press release.

Marius Maican has been appointed Chief Technology Officer (CTO) of Orange Romania, leader of the local telecom market, starting July 1, 2022.

Accor, world-leading hospitality group, on Wednesday announced the signing of a new franchise agreement for the opening of a Mercure hotel on the Iron Gates (Portile de Fier) Riviera, by the Danube River, the company said in a statement.

Romanian startup The Outfit, an online personal styling service, has raised EUR766,000 in a new seed funding round. Including this latest round, the start-up has raised a total of EUR1 million.

Romania's state-owned lender CEC Bank has recently granted a loan of EUR5M to cooling systems manufacturer RAAL Bistrita to support the company’s current activity.

Romania had the lowest consumer prices in Europe in 2021, with a price level for consumer goods and services of 55.5% of the EU average, according to Eurostat, the statistical office of the European Union.

Technology startup investment platform SeedBlink on Wednesday announced a collaboration with TDCX, a leading provider of business process outsourcing (BPO) services, in order to help the companies in TDCX's portfolio to speed up sales and deliver higher customer satisfaction.

Holde Agri Invest, a Romanian company operating farmland, and Toneli Holding, the market leader in the production and distribution of consumer eggs in Romania, on Wednesday announced the signing of a partnership aimed at ensuring circular agriculture that includes both grain production and poultry breeding farms for eggs.

Banca Comerciala Romana (BCR), one of the most important financial groups in Romania, is listing a new green bonds issue, worth RON702 million, under the stock ticker BCR27A, on Wednesday (June 22).

OMV Petrom (SNP.RO), Romania’s only oil and gas producer, on Wednesday said that, based on the authorization received from the Extraordinary General Meeting of Shareholders dated April 27, 2022, the Executive Board approved the share capital increase via in-kind and cash contribution, by a maximum value of RON584.6 million, up to RON6.2 billion from RON5.6 billion.

Romanians spent EUR1.9 billion on travel abroad in January-April 2022, as compared to EUR953 million in the same period of 2021, when there were travel restrictions in force amid the pandemic, in line with official data from Romania's central bank .

Par baked bread and pastry company La Lorraine has a EUR70M investment project to develop its activity in several stages.

Dai-Tech SA, which owns Romanian brand nJoy of IT&C equipment and solutions for the protection of electrical and electronic equipment, launched in 2010, plans to expand sales into new external markets, aiming for North Africa and the Middle East, as per a statement by company representatives.

76% of Romanians are concerned about a possible economic crisis that might impact their financial situation, as per the latest edition of the UNSAR - IRES Barometer regarding the perception of risk and insurance in Romania (2022).

Agroland Agribusiness (AAB.RO), a company that sells inputs for organic and traditional agriculture and is part of the Agroland group, has notified the Bucharest Stock Exchange of its plan to conduct a share buyback program between June 20, 2022 and December 4, 2023.

Polish-held retailer of products for children Smyk All for Kids Romania posted RON90.5 million sales in 2021, 70% higher than in 2020 and expects the trend to continue in 2022, says general manager Sorin Stancu.

AFI Tech Park 2, the second phase of the AFI Tech Park office development built by AFI Europe Romania near the Palace of Parliament in capital city Bucharest, has received the LEED Platinum precertification after successfully completing the GBCI review of early design stage documentation.

SeedBlink, the European investment platform specialising in funding and scaling technology startups, is launching a new funding round for Agriniser, the UK-based Bulgarian Agritech company that has developed a digital marketplace where one can buy and sell grain, as per a statement.