Romania Feed

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported assets of RON101.4 billion for February 2023, higher by RON5 billion since the beginning of 2023, against the backdrop of calmer waters on financial markets and of contributions from Romanian employees.

Deposits of non-government resident customers grew by 1.7% in February 2023 up to RON522 billion versus January 2023, and by 8.5% (down 6.1% in real terms) versus February 2022, in line with central bank data.

Dietary supplements, teas and cosmetics importer, wholesaler and retailer Secom announces that its own brand of dietary supplements Good Routine is now available in the Amazon marketplaces in France and Spain, after having entered the Iceland market last year.

BENCOMP, a Romanian producer of WPC (wood plastic composite) profiles, will be investing over EUR2 million in 2023 to open a wood briquettes plant in Arad.

Private lending in February 2023 rose by 10.6% against the same period of 2022, to RON365.8 billion, as local currency lending went up by 4.3% and the foreign currency one increased by 27.4%, in line with central bank data.

Mastercard is launching in Romania a cashback campaign for people who during the March 24-31 period choose to pay their taxes with a Mastercard debit or credit card, on Ghiseul.ro platform and mobile app or on other online platforms made available by local administrations.

Automotive components supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle Group, posted RON253.3 million (EUR51.4 million) revenue in 2022, up by about 10% compared with the previous year, according to ZF calculations based on data from the Finance Ministry.

Startup company Hyperhuman, which developed a platform of customized fitness trainings using the artificial intelligence (AI) technology, has obtained a EUR200,000 grant from the EEA & Norway Grants through the fund Innovation Norway, company representatives said in a statement.

Zentiva (SCD.RO), one of the largest pharmaceuticals producers in Romania, on Wednesday (March 22) announced in a stock market report that the company’s Board of Directors decided the appointment and confirmation of Simona Cocoş as Chairwoman of the Board of Directors, from March 21, 2023 until March 21, 2027.

Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, will convene its shareholders on April 26 to approve a decision to distribute RON10 million worth of dividends, respectively a gross dividend of RON2 per share, as per the convening notice published at the Bucharest Stock Exchange.

Automobile Dacia's revenue went up by 20% to RON26.7 billion or EUR5.2 billion in 2022, higher than even in 2019, despite lower production than that year, the carmaker says in its report.

Real estate developer Nusco Imobiliara begins the development of Nusco Homes - a new residential compound of villas located in the northern part of capital city Bucharest, in the town of Tunari, with an investment estimated at over EUR30 million.

The Board of Directors of state-run port operator Oil Terminal (OIL.RO) has called shareholders for a General Meeting on April 27 to vote on the payment of dividends.

PepsiCo, one of the leaders in the food and beverage industry and the second largest player on the Romanian soft drinks market, announces the appointment of Vlad Vladescu to the position of East Balkans Snacks Marketing Manager.

Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol, has called shareholders for April 26, 2023 to vote, among others, on a gross dividend of RON0.008805 per share, which at the current trading price of RON0.584 means a 1.5% yield.

UK’s Kingfisher Group, which owns do-it-yourself (DIY) retailer Brico Depot on the Romanian market, reported sales of GBP285 million in the 2022/2023 financial year ended on January 31, 2023, up 1.7% on the year, and losses of GBP10 million, down 7% versus the previous financial year, as per the company’s financial report.

ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, estimates the call center market in Romania may grow by 15% in 2023, as most companies in the industry budgeted 12% to 20% growth in revenue this year and the number of employees should continue to increase, it said in a release.

Global Vision and Globalworth have invested EUR12 million in the first phase of the Mures City Logistics project whose first tenant is FrieslandCampina, one of the largest global companies on the dairy market.

Footprints AI, a company established in 2017, which developed a media retail platform enabling offline retailers to find potential new customers and anticipate their spending patterns through a uniform analysis of data from online and offline sources, has budgeted more than EUR1 million investments in development in 2023, the company said in a release.

The volume of construction works in Romania increased, in unadjusted data, by 5.8% in January 2023 compared to January 2022 and was up 7.2% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.