Romania Feed

The Bucharest Stock Exchange, the operator of the capital market in Romania, is summoning its shareholders on April 28, 2022 to approve the distribution of its 2021 net profit in the total amount of RON8.2 million, of which RON485,158 as legal reserve and RON7.72 million as dividends.

Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) is summoning its shareholders on April 27, 2022 to approval the distribution of a gross dividend in the amount of RON0.0042 per share, respectively a total amount of dividends of RON5.05 million from the company’s 2021 profit.

SIF Hoteluri, a company controlled by SIF Banat-Crisana, announced the company’s shareholders approved the sale of DoubleTree by Hilton hotel of Oradea, part of the company’s portfolio.

Healthcare network Regina Maria has invested over EUR15 million in Brasov county over the past ten years.

Radiotherapy center MedEuropa, present in Romania since 2018, plans to expand to Iasi and Bacau and targets EUR80 million turnover in 2022.

Patria Credit, a non-banking financial institution part of Patria Bank Group, in 2021 posted EUR1.59 million net profit, up 42% from 2020, while its loan portfolio expanded by 32%, to EUR26.6 million.

Freshful, an online hypermarket recently added to eMAG’s e-commerce platform group, is looking at cities with over 300,000 inhabitants for expansion and mulls potential agriculture investments to produce its own products for sale.

Rompetrol Rafinare (RRC.RO), the operator of the Petromidia Navodari and Vega Ploiesti refineries, exported $960 million worth of oil products in the region to the subsidiaries of KMG International in Moldova, Georgia and Bulgaria in 2021.

SIF Oltenia (SIF5.RO) has offered two options for the RON37,5 million profit of 2021, the company said in a report to the Bucharest Stock Exchange.

WIP Industries Romania, a supplier of components for the furniture industry, is investing nearly EUR36 million (RON180.3 million), of which EUR17.9 million represents state aid, in a center for the production of furniture components that will be located in the industrial park in Campia Turzii (Cluj County).

Real estate developer Hagag Development Europe continues its ambitious expansion plans in Romania by adding a new investment to its assets portfolio. The company has recently purchased an office building located on 5-7 Vasile Lascar street, 400 meters away from Bucharest’s KM 0 area.   The building covers a surface of ​​more than 1,000 square […]

Romania’s Finance Ministry continues the FIDELIS government bond issue for retail investors and launches on the Bucharest Stock Exchange the first issue in 2022.

Romanian companies are mainly concerned about the unfavorable evolution of general costs, amid rising prices of energy and raw materials internationally, about the workforce shortages and the geopolitical context, in line with the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in Romania at end-2021.

Romania's finance ministry on Thursday (March 17) raised RON1.19 billion, selling bonds maturing in October 2027 and December 2022, at annual average yields of 6.03% and 4.25%, respectively.

Ozan Tuncer has taken over the position of Chief Executive Officer (CEO) of Cosmopolis, the largest residential project in Romania built after 1989, with over 14,000 inhabitants.

Real estate developer Hagag Development Europe, part of Hagag Group of Israel, continues its expansion plans in Romania and acquires an old office building located on 5-7 Vasile Lascar Street, near Rosetti Square and University Square in capital city Bucharest.

Tudor Iuga, Senior Consultant Industrial & Logistics Services at CBRE Romania, was a speaker in the second panel of BR’s recent event – re:FOCUS on eCommerce, Retail & Logistics, dedicated to Retail & Logistics, where he shared valuable market insights into the industrial & logistics spaces sector. By Mihai Cristea & Deniza Cristian   Do omnichannel […]

During Business Review’s recent re:FOCUS on eCommerce, Retail & Logistics 2022, Jarosław Śliwa, CEO Cargus Romania, explored, together with his co-panelists, the future of the courier industry, in which innovative and paper-free online shopping and delivery solutions will be commonplace thanks to the efforts that are being made today, such as developing the first solution for […]

IMMOFINANZ presents its new residential brand On Top Living at MIPIM, the world’s biggest real estate fair in Cannes. Under this brand, IMMOFINANZ will provide its tenants with up to 12,000 smart and sustainable apartments at affordable prices in the medium term. This complements the company’s portfolio with another strong brand, after its successes with […]

IMMOFINANZ is consistently expanding its leading role as Europe’s largest retail park operator as part of its growth strategy. The number of STOP SHOPs will be increased by roughly 40% to 140 locations by 2024 based on selective acquisitions and new openings. In doing so, the company will also focus on Italy, where ten new […]