Romania Feed

Euroins România Asigurare-Reasigurare SA, the most important player in the Romanian insurance industry, announces new positive results in terms of the time required to process claims and prompt payment of claims in which are not recorded human casualties   On average, in Q1 2022, Euroins paid the claims in just 5 days, 25% faster than […]

MAM Bricolaj, a furniture materials and accessories supplier controlled by Gavan family, in the first quarter of this year posted RON14 million turnover, up 16.2% from the year-earlier period.

Telecom operator Vodafone Romania reported service revenue of EUR764 million for the fiscal year ended on March 31, 2022, lower by 0.1% than the level reported in the previous financial year, in line with the financial results released Tuesday by Vodafone Group Plc.

Only 5% of digitization projects completed, with application in the Romanian public sector, are actually used and continue to be developed and to benefit from maintenance services – as per an analysis of OVES Enterprise, a Romanian software development company established in 2015, in Cluj-Napoca.

Leading European digital investment platform Bitpanda announced that it has added hundreds of new fractionalized stocks* and ETFs*, crossing the 2,000 assets milestone.   It’s a year ago that the fintech unicorn launched its Bitpanda Stocks product as a simple, affordable and safe way  of investing in stocks and ETFs. Since then, Bitpanda has continuously […]

Romania's gross domestic product (GDP) grew by 6.5% in real terms (in unadjusted data) in the first quarter of 2022 as compared to the same quarter of 2021, the country’s statistics board INS said Tuesday.

Patria Bank in 1Q/2022 reported net banking income of RON41.5 million, flat from the year-ago period, determined by the evolution of revenues from financial activity affected by market conditions and which shows a contraction of 47%.

Real estate developer Impact Developer & Contractor in the first quarter of 2022 posted property sales revenues worth RON37 million, down 5%, and net profit of RON6 million, from RON1.3 million losses in 1Q/2021.

Astra Vagoane Calatori, a major player on Romania’s rolling stock market, controlled by Valer Blidar, will bring welders, locksmiths and electricians from Vietnam for the Arad plant, where it started producing trams for Bucharest.

Prime Kapital, one of the most dynamic real estate investors, developers and operators in Central and Eastern Europe, has got the building license for Pleiades Residence, Ploiesti, and is due to start works by the end of spring.

Alexandru Lascar, co-founder of Bucharest’s fitness center network Stay Fit Gym, says this year’s plans envisage taking the network to around 20 centers and hitting turnover of around EUR3.5 million, double the 2021 level.

Swiss-held Clariant is set to officially open at end-May the plant it built in Podari, near Craiova, in the wake of EUR140 million investment.

Aaylex Agro cooperative in Buzau, the largest agricultural cooperative in Romania by revenue in the last two years, increased its revenue 38% to RON232 million 2021, according to calculations made by ZF based on data from the Finance Ministry.

BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange, had a net loss of RON2.8 million in the first quarter of 2022 compared to a profit of RON10.7 million in the same period of 2021, according to the company’s financial report sent to the Bucharest Stock Exchange on Monday (May 16).

Alro Slatina, one of the largest vertically integrated aluminum smelters in Europe and the largest electricity consumer in Romania, posted RON18 million losses in the first quarter, down from the RON62 million in the year-ago period.

Real estate consulting firm Cushman & Wakefield Echinox has appointed Roxana Nicolae to the position of Workplace Manager within the Asset Services Department.

Wine producer Purcari Wineries (WINE.RO) recorded a net profit of almost RON12 million in the first quarter of 2022, up 17% on the year, the company said in its financial report sent to the Bucharest Stock Exchange on Monday (May 16).

Romanian startup Flip.ro, a marketplace for the purchase and sale of refurbished mobile telephones, on Monday announced its entry into the Bulgarian market, as part of its goal to become the leader on the market of refurbished products in Central and Eastern Europe.

The Bucharest Stock Exchange said on Monday (May 16) that the shares of STK Properties would start trading on the AeRO market, the equity segment of the Multilateral Trading System, on Wednesday, May 18.

The European Investment Bank (EIB) and Romania’s natural gas transmission company Transgaz (TGN.RO) have signed an agreement for the provision of advisory services to prepare and develop a decarbonization strategy for Romania’s gas network.