Romania Feed

Health care CFOs consider that financial uncertainty remains their main concern for the period ahead, with two thirds of them expecting revenue growth this year after a significant decrease in 2020, which, however, will be largely offset by continuing growth in costs, according to Deloitte survey "The changing role of health care finance leaders". At the same time, 68% of participants state that digital technology investments are top capital spending priorities, given that traditional business models have demonstrated their limits during the COVID-19 pandemic.

Holde Agri Invest has joined players that have also earmarked a budget to fund innovative projects on the domestic market and by yearend it is likely to announce another two investments in agritech startups, explained Iulian Circiumaru, board chairman of Holde Agri Invest.

Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first half of 2021 with a volume of gross underwritten premiums worth RON730 million, more than 10% higher than in the corresponding period of last year, according to the company’s representatives.

Private medical service operator Medsana, a network of three clinics in Bucharest and Ploiesti controlled by Greek group Athens Medical Center, ended 2020 with turnover worth RON18 million, 27% lower against 2019, in line with Finance Ministry data.

Poultry and poultry product company Safir posted RON155.9 million (EUR32.9 million) revenue in 2020, a decline of 8% year-on-year, ZF has calculated from Finance Ministry data.

This year’s biggest projects of Strauss Romania, the maker of the Doncafé coffee brand, are investments in renewable energy, new innovative brands, automation and digitalization, the company officials have recently told ZF.

Citi has announced the appointment of Munir Nanji to the position of regional director for Central Europe and Citi Country Officer (CCO) for the Czech Republic, starting September 1, 2021.

Law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided legal assistance to Belgian-held real estate developer Speedwell in refinancing the loan granted by BRD Groupe Société Générale for the development of the Record Park Offices project located in the central area of the city of Cluj-Napoca.

Turbomecanica (TBM.RO), Romania’s only maker of turbojet parts and mechanical assemblies for aircraft, in the first six months of this year generated revenues of RON52 million, 3% lower than in the same period of 2020, while its net profit narrowed to RON863,128, from RON10 million last year.

Lender ING Bank Romania on Monday said its total revenue grew 6% on the year, to RON1.1 billion, in the first half of 2021, while its gross profit grew 19% in the same period, to RON441 million.

The Romanian leu plunged to a new all-time low against the euro on Monday (August 30), as the central bank average reference rate stood at 4.9349 lei to the European currency.

Brewer Bermas Suceava (BRM.RO) on Monday reported a net profit of RON194,630 for the first half of 2021, compared with a net loss of RON619,266 in the same period in 2020, and total revenue of RON15.4 million, up 19.7% from the first half of 2020, per calculations by Ziarul Financiar (ZF) based on stock market data.

Agricover Holding, one of the largest players in Romanian agribusiness, on Monday said it ended the first half of 2021 with trade revenue of RON698 million, up 27% on the year, and a net profit of RON36.6 million, up 37% from the first half of 2020.

Dacia’s new seven-seat MPV will be called Jogger and will be officially unveiled on September 6, at 2021 Munich Motor Show.

Industrial abrasives manufacturer Carbochim Cluj Napoca (CBC.RO), indirectly held by businessman Iulian Dascalu, the owner of Iulius Group, ended the first six months of 2021 with a turnover of RON18 million, up 12% on the year, and a net profit of RON1.03 million, up 50% from the first six months of 2020.

Romanian cybersecurity firm SafeTech Innovations (SAFE.RO) on Monday said it received the accreditation of Cybersecurity Auditor for the essential entities from the National Centre of Response to Cybersecurity Incidents (CERT-RO), Romania’s competent authority for the network and information systems security.

One United Properties, one of the most active developers of residential, office and mixed-use projects in capital Bucharest, had a turnover of RON434 million in the first half of 2021, up 96% on the year, and a net profit of RON147.5 million, up 267% on the year.

Aegon Romania, the domestic unit of international financial group Aegon, ended the first three months of 2021 with a gross underwritten premium volume of RON36.8 million, 21% higher than in the same period of last year, according to the company representatives.

The shares of Appraisal & Valuation, the holder of the NAI Romania brand, active on the appraisal market, will start trading on the alternative trading system AeRO of the Bucharest Stock Exchange, under the ticker symbol APP, on September 2, 2021.

Five-star hotel Radisson Blu of Cluj-Napoca is due to open next spring, after its launch was delayed one year.