Romania Feed

Corrugated cardboard and toilet paper producer Vrancart Adjud (VNC.RO), owned by SIF Banat-Crisana and Paval Holding, in 1H/2021 generated total revenues worth RON167 million, up 27% on the year, and net profit of RON9.1 million, double against the level of the same period of 2020.

Zentiva Romania (SCD.RO), one of the largest generics manufacturers in Romania, had a turnover of RON330 million in January-June 2021, up 17% on the year, and a net profit of RON34.5 million, down 17% from the first half of 2020, the company said in its financial report released Wednesday.

The top three issues of greatest concern of the Romanian Millennials and Generation Z youngsters are the education and development of personal and professional skills (37% of Millennials and 38% of Gen Zs), the level of corruption in business and politics (35% and 30%, respectively) and climate change and environmental protection (29% and 27%, respectively), according to Deloitte Global Millennial and Gen Z Survey 2021, conducted in 45 countries around the world, including Romania. They differ to a great extent from the global results, according to which the Millennials’ greatest concerns are related to health care and disease prevention (28%), unemployment (27%) and climate change and environmental protection (26%), while Generation Zs put the climate change first (26%), followed by unemployment (25%) and health care.

Winemaker Purcari Wineries (WINE.RO) benefits from the Issuer Market Maker (IMM) services provided by Raiffeisen Centrobank, starting with September 1, 2021. The company becomes the first Bucharest Stock Exchange-listed company that benefits at the same time from the IMM services provided by two intermediaries, Raiffeisen Centrobank and BRK Financial Group.

Romania's seasonally adjusted unemployment rate grew by 0.1 percentage points to 5.1% on the month in July 2021, data from the country's statistics board showed Wednesday.

Adrian Cocan, general manager of Agroserv Mariuta, the company behind Laptaria cu Caimac brand, says the company’s revenues leapt by over 50% in the first half of this year.

Romania's property investment market drops in line with the trend in Central and Eastern Europe (CEE), but the activity and perspectives remain favorable, per a report of real estate consulting firm Colliers.

Appraisal & Valuation, the holder of the NAI Romania brand, active on the appraisal market, has acquired audit and accounting services firm Simad Contex, based in western city of Timisoara, with a turnover of RON402,190 in 2020 and over 150 active clients.

Romania's finance ministry will be launching three new bond issues for the general population on September 1, 2021, which can be subscribed until September 28.

Romanian state-owned hydropower producer Hidroelectrica ended the first half of 2021 with a net profit of RON2.1 billion (EUR430 million), almost 2.2-fold higher than in the same period in 2020, per data from a report of property restitution fund Fondul Proprietatea, a minority shareholder of Hidroelectrica.

Holcim Romania, the biggest producer of construction materials domestically, announced it opened a new eco-friendly concrete station, in Tunari locality, Ilfov county, where it is set to manufacture and sell the first range of green concrete in the industry, with 30% fewer CO2 emissions.

Photovoltaic energy producer MW Green Power Export listed on Tuesday (August 31) its second issue of bonds on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange (BVB), under the ticker symbol MWGP24.

Property restitution fund Fondul Proprietatea (FP.RO) on Tuesday reported it ended the first half of this year with net assets of RON11.4 billion, up 11.3% from the beginning of the year, in line with ZF calculations.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Tuesday that it concluded a contract worth RON267.3 million with Enel Energie.

Regional investment fund SIF Banat-Crisana (SIF1.RO) sold its 10% ownership stake in BT Asset Management (BT AM) to lender Banca Transilvania, in the second quarter of 2021, per ZF’s aggregate data.

Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, reported consolidated sales of RON444.5 million in the first six months of 2021, up 46% on the year, and a net profit of RON5.2 million, from a loss of RON22 million in the same period in 2020, due mostly to record second-quarter results, per its financial report.

Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) for the first six months of 2021 reported net profit worth RON18.2 million, almost 19% higher against the year-earlier period.

Romcarbon, a major plastic packaging producer in Romania, in the first six months of this year registered overall sales worth RON123 million, up 38%, and net profit of RON3.2 million, compared with RON35,941 losses in the corresponding period of 2020.

MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, ended the first half of 2021 with a turnover of RON24.9 million, up 47.7% on the year, and a profit of RON504,531, down 78% on the year.

Pandemic year 2020, a year dedicated to home repair and improvement, brought DIY market players profit increases even as high as over 100% against 2019, in line with ZF calculations based on Finance Ministry data.