Romania Feed

Agroland Agribusness (AAB.RO), a Romanian entrepreneurial business, part of Agroland group, specializing in the sale of farming inputs, ended the first quarter of this year with operating revenue worth RON15.9 million, up 86% from the same period of last year, RON1.5 million EBITDA, up 201%, and net profit worth RON0.84 million, 110% higher than in 1Q/2021.

Freight carrier World Mediatrans of Timis, one of the most dynamic companies in this field, founded in 1997 by Gabriel Lungu, with 23 offices locally and logistic warehouses in Budapest, Barcelona and Bratislava, ended the first three months of this year with 15% higher turnover than in the corresponding period of last year.

Duvenbeck Logistik, one of the largest transport and logistic companies in Romania, for 2021 reported turnover worth RON366.5 million (EUR74.5 million), up 12.4% year-on-year, in line with ZF calculations based on Finance Ministry data.

Grain trader Promat Comimpex of Tasnad, Satu Mare, controlled by Swiss group Ameropa and by entrepreneur Cristian Moldovan, in 2021 generated net profit worth RON43.3 million (EUR8.8 million), up 31% from the previous year.

Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, in the first quarter of 2022 saw sales rise by 20% from the same period of last year.

Farmaciile Myosotis, one of the strongest regional pharmacy brands, reached turnover worth RON243 million (EUR49 million) in 2021, up 9% from 2020.

Nuclear power producer Nuclearelectrica (SNN.RO), small modular nuclear reactor (SMR) technology provider NuScale and the E-Infra group of companies on Tuesday signed a memorandum of understanding for the development of the first SMR reactor in Romania on the site of the former Doicesti thermal power plant, in Dambovita County.

Farmec, one of the largest Romanian companies, is investing EUR500,000 in the relaunch of its brand of the same name and the funds will go towards research, design and communication.

Romania's public debt will be nearing 73% of GDP within ten years, in 2032, under the baseline scenario, from just above 50% of GDP currently, as per the debt sustainability analysis carried out by the European Commission in the Semester Report on the country's economy.

Austria’s Uniqa Group, which owns in Romania general insurance division Uniqa Asigurari and life insurance division Uniqa Asigurari de Viata, ended the first three months of 2022 with gross underwritings of EUR27 million, up 7% from the same period in 2021, in line with data provided by Uniqa representatives.

Today Enel published the new website dedicated to Integrated Reporting 2021 “Towards stakeholder capitalism”, a digital platform which the Group uses to illustrate, in an innovative and integrated way, its vision, 2021 performance, medium- and long-term prospects, strategy and sustainable business model.  This concept is inspired by “Stakeholder Capitalism” aimed at highlighting the sustainable value […]

Junior Achievement Romania, in partnership with Nestlé Romania, continues the professional development program “Your professional success”. Within this project, the two partners carry out a series of learning by doing activities. In May, Nestlé volunteers met virtually with more than 170 students from 10 counties.   The theme of the webinar held by the volunteers […]

Romania’s natural gas transmission company Transgaz (TGN.RO) on Tuesday said it concluded a roadmap agreement with The Three Seas Initiative Investment Fund S.A. SICAV-RAIF (3SIIF), a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe, to collaborate on the construction of planned greenfield gas infrastructure in Romania.

Cheil | Centrade, the integrated communication hub for Southeast Europe of the Korean network Cheil Worldwide has designed and implemented a new ATL campaign for NN Romania, which communicates the main benefits of insurance and pension products.   KUBIS, the digital communication partner of the brand, has developed the online communication component of the campaign, […]

Childhood breakfast with fresh butter, the dinner served after playtime, followed for sure by a home-baked dessert, the food package received from parents during college and family meals on holidays, with many traditional dishes, are some of the memories full of tastes and intense flavors, to our liking as Romanians. Almost all the beautiful memories […]

“2022 is a very complicated year in the context of the constant increase of prices. Our priorities do not change radically. We will enhance monitoring the markets, we will be much more attentive to price fixing agreements between companies and not only”, declared Dragos Vasile, competition councillor, member of the Competition Council Plenum, during the […]

Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices. As a result, governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy according to the 59th EY Renewable Energy Country […]

Visa and Western Union today announce a new partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and international money transfer app. WU+ app customers will be able to open a digital bank account and pay across all channels with their Visa Debit card. Western Union, through its partnership […]

Accor hotel group on Tuesday said it would open a Mercure hotel in Alba Iulia (central Romania), in the second quarter of 2024.

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a significantly faster pace than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation. Cluj-Napoca remains the most expensive city in the country, according […]