Romania Feed

Romania’s natural gas transmission company Transgaz (TGN.RO) shareholders approved the distribution of a gross dividend per share of RON14.82 for the financial 2021, in a general meeting on Thursday. The yield is 6.17% in this case, ZF has calculated from Bucharest Stock Exchange data.

Financial investment company Evergent Investments (EVER.RO, former SIF Moldova) intends to conduct a repurchase of its shares and distribute dividends of RON62.2 million or RON0.065/share with a yield of 5.3% a year.

Romania’s National Commission for Strategy and Prognosis (CNSP) has published the new economic growth forecast for 2022. The new economic growth the government expects is 2.9% instead of the 4.3% in the winter forecast. The state budget was built around an actual economic growth of 4.6%.

Libra Internet Bank posted RON181.14 milion net profit in 2021 and a net loan volume of RON5.4 billion, more than 17% higher than in 2020 (RON4.63 billion), amid a balanced niche strategy.

ZebraPay, operator of national payment stations network SelfPay, with bonds listed on the local stock exchange, at end-2021 reported net turnover worth RON121.8 million, 11.46% higher than in 2020.

Sport Guru, the main retailer and distributor of specialized sporting goods domestically, posted total sales of RON38.4 million at the end of 2021, up 62% on the year, and RON2.8 million net profit, 64% higher.

ABN Systems International (ABN.RO), the owner of the Tellur brand, ended 2021 with RON108.7 million (EUR22 million) revenue, an increase of 16.2% on the previous year, while the net profit rose 67.8% year on year to RON9.5 million (EUR1.9 million).

Altius, an Importer and distributor of veterinary medicines and veterinary medical equipment, has relocated its office to One Tower, part of the multi-purpose development One Floreasca City, where it leased 690 square meters in April.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, rose to 4.88% a year on Thursday (April 28) from the 4.79% on Wednesday (April 27), central bank data show.

Eurolife FFH in partnership with Stem Sure (a medical services company in the field of stem cell collection, processing, and storage) launches the first insurance in Romania that covers the costs of a potential stem cell transplant for children to treat autism.   STEMCare Autism is a co-branded product developed by Eurolife FFH in collaboration […]

Poland’s Scallier, one of the most dynamic investors in small and middle-sized retail parks, contracted EUR8 million funding from OTP Bank Romania for the construction of Turda-based retail project Funshop Park, set to comprise around 9,000 square meters of commercial space built on a 24,000-sqm land plot.

Since the start of the service in 2016 to this moment the electric car sharing service SPARK has reduced its carbon footprint by more than 7.3 million kilograms of harmful emissions in all three countries where it operates.   In Romania, the direct impact of the electric fleet has meant the removal of over 1,100 […]

Genesis Property, one of the leading Class A office developers in Romania, starts the transformation of Novo Park, located in the northern part of Bucharest, into YUNITY Park, a new real estate concept that will encompass new facilities for the working and urban living trends of the future in a unique space.   The project […]

Ten of the greatest chess players of the world, according to the FIDE rankings, including the top Romanian player at this moment, will compete next week, in Bucharest, in the first stage of the international event Grand Chess Tour 2022. The opening ceremony organized on 4 May 2022 will be attended by a leading figure […]

Abris Capital Partners (“Abris”), the leading Central European private equity investor, has supported GreenGroup, the largest integrated recycling group in Central Europe, in a €127m fundraising to accelerate its growth and support the surging demand for recycling and sustainable products in the region.   The financing will allow GreenGroup to build on the successful growth […]

Sport Guru, the most important retailer and distributor of specialized sports equipment, recorded in 2021 total sales of 38.4 million lei, an increase of 62% compared to 2020, and a net profit of 2,8 million lei, +64% compared to the previous year.   “2021 was the best year in the history of Sport Guru, one […]

ALTIUS, leader in the Romanian veterinary market, has relocated its offices to the One Tower building, one of the first green buildings in Romania, starting April this year. The Class A office building within part of One Floreasca City multifunctional development already houses a community of top companies, which benefits from modern and certified workspaces. […]

Petrom shareholders, including Austria’s OMV (51%), Energy Ministry (20.6%), as well as Pillar II private fund pensions and Fondul Proprietatea, on Wednesday approved paying investors RON1.9 billion from 2021 profit, this being a record high sum Petrom distributes to shareholders.

Romania’s business managers for April-June forecast moderate activity growth in the processing industry, retail trade and services, in parallel with a steep price increase in industry, constructions and retail trade, while the number of employees in industry, constructions and services will stay relatively stable, showed a survey by Romania’s statistics board.

When designing your house, you probably have a vision of how you want it to look and what features you want it to have. You might opt for energy-efficient appliances, a bathroom set according to your needs, and some attractive knick-knacks. But what about making your house more enjoyable for you?   There are many […]