Romania Feed

Industrial production prices for the domestic and non-domestic markets grew by 1.5% in August 2021 versus July 2021 and by 15.9% in August 2021 versus August 2020, data from Romania’s statistics board INS showed Monday.

Appraisal & Valuation (APP.RO), a provider of appraisal, consulting and real estate development services, 67.8% controlled by Ioan Botis, founder and chairman, ended the first six months of this year with turnover worth RON2.76 million, up 20.5% from the similar period of last year, while net profit rose by 17%, to RON363,065.

Almost 4 million tourists were registered in Romania’s accommodation units during the three summer months of 2021, 50% more than in the same period of last year, data from Romania’s statistics board INS showed Monday.

Mortar, paint and base coat manufacturer Baumit, owned by Austrian concern Schmid Industrie Holding, is expanding the plant it holds in Sag, Timis county.

Domeniile Prince Matei, a company owned by Vintruvian holding, which also holds Viticola Sarica Niculitel, expects turnover to double in 2021 from 2020, to around RON3.5 million, in line with ZF calculations based on company information.

Bucharest's ophthalmological clinic Infosan, set up in 2002 by two doctors, ended 2020 with turnover worth RON10 million and targets a 10% increase this year amid rising demand for medical services, according to the company’s officials.

American multinational semiconductor company Advanced Micro Devices (AMD) has opened a design center in Romania's northeastern city of Iasi. The center will hire a team of engineers to work on new hardware and software innovations.

Individual investors bought RON943 million worth of government bonds within the three tranches of Fidelis government bonds issue for the general population, per calculations by Ziarul Financiar (ZF).

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, concluded EUR56.7 million loan contracts on Sept 30, of which EUR26.7 million from state-run lender CEC Bank and EUR30 million from Alpha Bank.

French giant Danone, leader on the local yogurt market, announced the appointment of Robert Jasinski to the position of managing director of Danone Romania, effective October 1, 2021.

New and used car registrations in Romania grew 9.2% year-over-year in January-September 2021, to 393,402 units, data from the Automotive Manufacturers and Importers Association (APIA) showed Friday.

Chimcomplex SA Borzești concluded on September 30, 2021, financing contracts of 56.7 million EURO, which include 26.7 million EURO from CEC Bank and 30 million EURO from Alpha Bank. They will be used for the full refinancing of the existing loans from VTB and Credit Suisse/Argentum Netherlands BV and for the continuation of development projects. […]

Today, Electronic Arts Inc. is celebrating the record-breaking launch of EA SPORTS™ FIFA 22, where players can experience revolutionary next-gen HyperMotion gameplay technology on PlayStation®5, Xbox Series X|S, and Stadia™. Featuring innovation across all game modes including VOLTA FOOTBALL Arcade Tournaments, all-new FIFA Ultimate Team™ Heroes, and much more. FIFA 22 is now available worldwide […]

From October 2021, Robert Jasinski will be the managing director of Danone Romania SRL, which produces and distributes fresh dairy products and plant-based products, and Nutricia Romania SRL, which deals with the baby-food and clinical nutrition products of the company. The leader was the managing director of Nutricia Romania SRL so far.   In November […]

On the 5th and 6th of October, Future Banking Summit puts together the most advanced financial players in Romania to showcase their digital transformation journey and share insights on how to offer a digital proposition or adopt an agile mindset.   Over 300 people have already registered for the event and more than 20 speakers […]

Following the adoption of the Long-Term Strategy for the period of 2021-2030 earlier this year, the Board of Governors of the Black Sea Trade and Development Bank (BSTDB) at its extraordinary meeting today decided to increase the subscribed capital of BSTDB from the current EUR 2.29 billion to EUR 3.10 billion.    The new subscription […]

Goldring, the brokerage company, is launching “The sound of money in pictures”, a contest through which illustrators can make cartoons inspired by the business world, specifically by the capital market. The cartoons may be sent by Sunday – October 10th – and the votes can be cast by November 5th, 2021.   The contest theme […]

Dr. Leahu Dental Clinics Network, listed on the AeRO market of the Bucharest Stock Exchange, closed the first half of the year with a net profit of 4.8 million lei and a turnover of 44.4 million lei, 104% more than in the first six months of 2020. The geographical expansion of the network and the […]

The European Commission has proposed, this month, a Path to the Digital Decade with principles to promote and uphold EU values in the digital space and support the digital transformation ambitions for 2030. The Path sets up a concrete legal framework to help achieve the 2030 Digital Compass targets, the four cardinal points for the […]

Deloitte’s Corporate Finance practice has advised the shareholders of Duraziv, the largest independent manufacturer of construction materials in Romania, in the successful sale of the integral share package to global leader Saint-Gobain. The transaction was completed on September 30, 2021, after receiving necessary approvals from authorities.   Deloitte Romania has structured and coordinated the sale […]