Romania Feed

Fondul Proprietatea, a minority shareholder of the Bucharest National Airport Company (CNAB), calls for the urgent completion of the tender for the concession of commercial premises at the Henri Coanda International Airport.

Natural gas producer and supplier Romgaz (SNG.RO) has notified the capital market of the decision made by its General Meeting of Shareholders on April 26 to distribute the 2022 profit.

Austria’s HS Timber sold its company in Sebes, Romania, to Germany’s Ziegler Group, which has logistics and wood processing operations. With this acquisition, Ziegler Group enters Romania.

Real estate developer Iulius of businessman Iulian Dascalu has established a joint venture with Romanian-American investment group W&E Assets, whose founders include Iasi tech entrepreneur Ilie Ghiciuc, to operate the two Family Market projects in Iasi County.

Bonapp.eco, a Romanian startup that sells discounted food approaching the expiration date, expects to reach revenue of EUR1 million in 2024 after closing a pre-seed funding round of EUR600,000.

Romania's freight transport market continued to grow in the first quarter of 2023, but below the level of 2022, against the background of a decline in consumption and implicitly in industrial production, as per an analysis by DSV Road, the third largest service transportation company in Europe.

Autonom Services, the most extended mobility network in Romania, with bonds listed on the Bucharest Stock Exchange, reported total revenue of RON647.2 million for 2022, up 64% compared to 2021.

Orange Romania Group recorded a consolidated turnover of EUR383 million between January and March 2023, down 0.7% compared to the same period of 2022.

IULIUS has officially opened Palas Campus, its second major urban regeneration project in Romania's north-eastern city of Iasi.

Romania and the Republic of Moldova share a rich cultural heritage, the same language, and a long history of mutual support and cooperation. These common roots provide a solid foundation for the economic partnership between the two countries, which has seen significant progress over the years.

Global consultancy Kearney has released the fifteenth edition of its annual European Retail Banking Radar, which tracks the performance of 89 retail banks across 21 European markets.

Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0274 units per euro in the next 12 months, while the anticipated rate of inflation will hit an average value of 8.96%, close to the value of the February forecast.

Arobs Transilvania Software, the biggest technology company listed on the Bucharest Stock Exchange, has entirely taken over Future WorkForce Global (FWF) group of Cluj-Napoca, specialized in providing complex business process automation solutions.

Sipex, a major building materials wholesaler in Romania, has sealed a strategic partnership with TeraPlast, via which it will expand the portfolio of products sold through the 12 logistic centers.

SoftOne Romania, the local subsidiary of Greek software solution provider of the same name, has in view a more aggressive development on the local market in the coming period, both via organic growth and acquisitions of local players.

French-held Carrefour group will take over rival Cora’s operations in Romania in the largest deal in local retail in the last few years, put at EUR70 million to EUR90 million, several sources told ZF. The two parties had not returned ZF’s calls for comment on the agreement and the motivation behind the sale and acquisition by the time the story was ready for posting.

Sustainable residential, office, and mixed-use real estate project developer One United Properties on Tuesday held the General Meeting of Shareholders, which approved distribution of the second tranche of dividends from the 2022 profits, the 2023 budget and reelected the current members of the Board of Directors, among others.

Nestlé Romania, one of the largest players on the food and beverage market, saw a 21% organic sales growth across its ten product divisions.

A&D Pharma Group, with a history of almost three decades, being established in 1994, is changing its name to Dr. Max Romania.

Agribusiness company Agroserv Mariuta S.A (MILK.RO)., which owns the Laptaria cu Caimac brand, on Tuesday notified the Bucharest Stock Exchange of changes in its management.