Romania Feed

Courier services company Sameday, majority held by online retailer eMAG, has leased a 3,600-square meter space in the Urbano Cluj Vest industrial park developed by entrepreneurs Mircea Ilea, Alexandru Serban and Daniel Paraschiv in the western metropolitan area of the city of Cluj-Napoca.

Shareholders of Alro Slatina, the largest aluminum producer in Romania, rejected in their general meeting of August 19, 2021 the company’s Remuneration Policy, both in the version proposed by the Board of Directors and in the version proposed by property restitution fund Fondul Proprietatea, which owns 10.2% of Alro’s share capital.

Victor Capitanu, who owns 29.7% of the share capital of real estate developer One United Properties (ONE.RO), requested that new issues be added to the agenda of the Extraordinary General Meeting of Shareholders of September 10, 2021, among which the company's share capital increase by up to RON228.8 million, by issuing 1.1 billion ordinary shares.

State-owned railway freight carrier CFR Marfa posted RON335 million loss in 2020, its 13th year in the red in a row, during which it accumulated more than RON3 billion losses, publicly available data show.

Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, has approved the proposal of its Board of Directors to disburse more than RON35 million dividends from the undistributed profit of 2019 and 2020 and set the gross dividend/per share of RON0.9.

XXXLutz furniture stores, which replaced the kika brand, ended 2020 with RON85 million sales, a decline of about 20% on 2019, Finance Ministry data show.

NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, has resumed expansion in Romania in Bucharest and in Craiova.

iHunt Technology Import-Export (HUNT.RO), a supplier and producer of mobile phones and gadgets, said in a stock market report Thursday that Cezar Stroe, the company’s majority shareholder, Executive Board Chairman and CEO, sold company shares worth nearly RON11 million, on August 18, per calculations by Ziarul Financiar (ZF).

Seven in ten employees in Romania (67%) are interested in starting a business in the next two years and 87% of people working as freelancers share the same desire, per a survey conducted by Unlock Research for ING Bank Romania in May 2021.

French hotel group Accor, which has 15 hotels in Romania, plans to open two hotels under the Tribe and Adagio brands, which will be located inside the same building, in Bucharest’s Basarad area.

Romania's finance ministry on Thursday raised 574.5 million lei (EUR116.5 million), higher than the targeted amount of RON400 million, selling bonds maturing in June 2026 at an average yield of 3.24%, central bank data showed.

Chimcomplex Borzesti, which holds the platforms Oltchim (Valcea) and Borzesti, has announced the dismissal of two Executive Board administrators and the appointment of two new administrators, respectively Mihai Dan Todor and Frank Hajdinjak, for one-year mandate.

Phonetastic GSM, a distributor of smartphones, gadgets and various IT&C equipment, has appointed Radu Pojoga to the position of Chief Executive Officer (CEO).

Online bookstore Librex, one of the leading players on the local book market, expects a turnover of EUR2.5 million in 2021, compared with EUR1 million in 2020, relying on the growth rate of the past years and the first-half financial results.

German discounter Aldi postpones its entry into the Romanian market because it focuses on existing markets, most of which are in Western Europe, according to Ziarul Financiar sources.

CTP, the largest owner of logistics centers in Romania, accelerates its investment plan on the Romanian market and seeks to overshoot the threshold of 2 million square meters until the end of 2021.

Grand Plaza Hotel, the operator of the Sheraton Hotel in Bucharest, posted 80% decline in revenue to merely RON12 million in 2020, compared with RON61 million in 2019, Finance Ministry data show. It also posted RON4 million loss.

Romanian President Klaus Iohannis on Wednesday signed the decree appointing Dan Vilceanu to the position of finance minister.

Patria Bank (PBK.RO), a lender 83.2% held by Emerging Europe Accession Fund, posted RON6.05 million net profit in the first half, an increase of 27% on the year-ago period.

Shareholders of pharmaceutical company Zentiva (SCD.RO) on Wednesday appointed Simona Cocos to the position of Chairwoman of the company's Board of Directors, effective August 19, 2021.