Romania Feed

Agroland Agribusiness (AAB.RO), specialized in the sale of inputs for organic and conventional farming, part of Agroland group, for 2021 reported operating revenues worth RON32.3 million, up 75% from 2020, and net profit of RON2.2 million, 77% higher year-on-year.

Germany’s PVC profile maker Veka, present in Romania with a plant on Bucharest-Pitesti highway, saw turnover go up by over 50% in 2021 against 2020.

Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, ended 2021 with turnover of almost EUR4 million and for 2022 has budgeted a 30-40% increase as it has gained new clients, according to the company’s officials.

Dorna Medical, a Romanian business on the private healthcare and lab services market, founded by entrepreneurs Rodica and Roman Boca, has expanded from Suceava county to several neighboring areas and aims to enter the market of Cluj.

Debt collection firm Kruk Romania in 2021 bought over 60 portfolios, coming to manage more than 2 million Romanians in 15 years of activity, said Cosmina Marinescu, CEO of Kruk Romania.

Romania's finance ministry on Thursday (Feb 17) raised RON755 million (EUR152.7 million) selling treasury bills and bonds maturing in September 2022 and June 2026, at annual average yields of 3.97% and 5.14%, respectively.

Curtea Veche Publishing House ended last year with RON19.5 million revenue, and it estimates that revenue will reach RON25 million in 2022, its officials say.

One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has signed a contract with Ford Romania which leases office space within Bucharest’s One Cotroceni Park project for its future operations center called Ford Business Solutions Center (FBS).

Garanti BBVA Romania Group, which brings together lender Garanti BBVA, consumer lending company Garanti BBVA Credite de Consum and Garanti BBVA Leasing, had a consolidated net profit of RON166.1 million in 2021, up 55% from 2020.

The financial assets managed by insurer NN Asigurari de Viata on the life and health insurance segment reached nearly RON4.6 billion at end-2021, up 8.5% against 2020, and its pre-tax profit stood at RON86 million, down 10.4% on the year, in line with company data.

New car registrations in Romania surged by 55.5% on the year to 9,337 units in January 2022, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.

Cluj-Napoca based ERP software developer Transart and one of Romania's leading providers of software for companies, posted EUR4.47 million revenue at the end of 2021, up about 20% from EUR3.6 million of the previous year, the company officials said in a release.

One United Properties announces the conclusion of a lease contract with Ford for the development One Cotroceni Park Phase 1. This summer, Ford will open in Bucharest an operations center called Ford Business Solutions Center (FBS). The FBS Center at One Cotroceni Park will join the Center opened last year in Budapest and will become […]

Orange Romania Group on Thursday said it registered a consolidated turnover of EUR430 million in October-December 2021, seeing a 3% organic growth against the fourth quarter of 2020.

Bergenbier S.A., part of the Molson Coors group, expands its portfolio with the new Praha beer, created by the famous Staropramen brewers. Staropramen’s vast experience and rich heritage in brewing differentiate Praha, the new Pilsner Lager, with an unique combination of rich taste, bold aroma and lightness. Inspired by the effervescence of Prague, the new […]

Nestlé, the largest food and beverage company in the world, announces financial results at group level for 2021, reporting an organic growth of 7.5%, driven by a growing mix of market shares, the recovery of the out-of-home sector and positive retail dynamics.   Organic growth reached 7.5%, with real internal growth (RIG) of 5.5% and […]

Forty Management approved the contracting of a syndicated loan worth 65 million euro. The company will soon access the funding offered by CEC (syndicate leader), Alpha Bank and First Bank to the company that will develop Lagoon City Bucharest, owned 100% by Forty Management.   It is one of the largest syndicated loans a Romanian real […]

Through the transaction announced today, Mozaik Investments acquired from Banca Transilvania the 51.12% participation held in Timesafe, the company which operates Pago in Romania. This is the first of a series of transactions which will consolidate the companies operating Pago in Romania, Poland and Italy. The consolidation aims to create a unified structure, a new […]

Zitec, a provider of IT and digital marketing services, specialized in developing digital transformation solutions and services, had a turnover of EUR17.9 million in 2021, up 68% against 2020, company representatives said in a statement.

The Lithuanian Apex Alliance Group, which operates five hotels in Bucharest, has appointed Vlad Cimuca as General Manager of the business Courtyard by Marriott Bucharest Floreasca hotel, a 22.5 million euros initial investment.   “Courtyard is always looking ahead; our spaces, amenities and technology, like mobile key and check in, account for emerging trends and […]