Romania Feed

The profile of the female candidate on the labor market is characterized by caution, as women apply for jobs where the matching level is above 70%, compared to men who take risks more easily, as per data from online recruitment platform BestJobs.

The companies listed on the Bucharest Stock Exchange reported better-than-expected results for 2022, considering that nine in ten firms recorded significantly higher turnovers, compared to four in ten firms at end- 2021, while 70% reported significantly higher profits, versus 60% in 2021, as per an analysis by BVBescu platform based on financial reports.

Termene.ro, a platform providing information about companies’ financial and legal data, has appointed Ioana Constantin to the position of Chief Executive Officer (CEO).

Nuclearelectrica (SNN.RO), Romania’s only nuclear power producer, advances Cernavoda NPP Unit 1 Refurbishment Project by selecting Candu Energy Inc., a member of the SNC-Lavalin Group, to conduct further pre-project work for Cernavoda’s Unit 1 CANDU reactor, ahead of its life-extension to support Romania’s energy security and decarbonization goals.

Circular economy can reduce by almost one third the current global volume of resource and material consumption by extending the products’ lifespan and making sure they enter full life cycles, as per “The Circularity Gap” study conducted by the international agency Circle Economy in collaboration with Deloitte.

CreditAmanet, a provider of pawnbroking and money exchange services, this year banks on a 50% turnover increase on the segment of pre-owned electronics, as circular economy seems to be gaining momentum in Romania, in line with global trends.

Glovo, a leading player in the express delivery industry, saw its turnover rise by 45% last year in Romania, reaching an overall deal value of EUR430 million at end-2022, Iustinian Belghir, general manager of Glovo Romania, told ZF.

Polish group Amrest, which owns 55 Starbucks coffee shops and 10 Burger King restaurants in Romania, last year generated EUR2.5 million profit before taxes locally, over ten times higher than the 2021 level.

NN Investment Partners (NN IP), a mutual fund manager also present in Romania through the funds NN International Romanian Equity, NN International Romanian Bond, changed its name to Goldman Sachs Asset Management following the completion of its acquisition in spring 2022.

European investment advisory firm ACP is in talks to buy Telekom Romania Mobile, and the deal is up to the approval of the relevant authorities in Bucharest, financial market sources say.

The first phase of the EUR1 billion investment in the Mintia thermoelectric power plant will be completed in 24 months, while the entire project will be completed 12 months after that, the new owner of the plant, Mass Global Energy Rom announced in a meeting with Romania’s Prime Minister Nicolae Ciuca.

The Board of Directors of industrial material manufacturer Comelf Bistrita (CMF.RO) has summoned the Ordinary General Meeting of Shareholders for April 10 when it shall put a vote the distribution of a gross dividend of RON0.18 per share.

Edenred, the digital platform for services and payments, plans to recruit more than 700 tech specialists worldwide in 2023, including at its two main Digital Centers in Bucharest and Mexico City, as it aims to reach up to EUR5 billion in revenue by 2030.

Allianz-Tiriac, the second largest player on the market, reached a volume of underwritten gross premiums of RON3 billion in 2022, up over 47% versus 2021, and an operating profit of RON250 million, Virgil Soncutean, CEO of Allianz-Tiriac, told a press conference.

BNP Paribas Personal Finance announces the start of the steps to cease operations of its consumer finance unit, Cetelem, in Romania, after having failed to find a partner to continue in the country.

tbi bank continues to extend its partner network and teams up with medical devices company Ortopedica, offering customers the possibility of buying medical devices through the Buy Now, Pay Later (BNPL) solution, in four instalments with no interest or over longer periods of time, in affordable instalments.

Autonom Services, the mobility network controlled by brothers Marius and Dan Stefan, ordered 200 electric vehicles worth EUR10 million and thus speeds up its fleet electrification.

The number of real estate deals in Romania stood at 47,261 in February 2023, 13,987 more than in January 2023, data from the national cadaster agency ANCPI showed on Monday (March 6).

Solar panel manufacturer AE Solar will invest EUR1 billion in a plant to make solar panels in Romania, Romania’s government announced in a release, following a meeting of Prime Minister Nicolae Ciuca and the representatives of AE Solar and of the Black Sea Universities Network on Monday.

Natural gas distributor Distrigaz Sud Retele in 2022 carried out total investments worth RON555 million in the natural gas distribution network in order to meet the company’s two major objectives: the safe operation of the distribution system and the development of the natural gas infrastructure.