Romania Feed

Six private equity firms have bought seven private healthcare providers in Romania in the past two years, betting EUR100 million to EUR150 million on them, according to ZF estimates.

Denmark’s Rockwool, which has a mineral wool plant in Aricestii Rahtivani, Prahova, ended 2020 with 18% rise in sales on the Romanian market to some RON113 million from the RON96 million of 2019.

Many people, at some point, face some struggles and difficulties at their work. If you still had not experienced that, then good for you! You must be passionate about what you do.    Maybe, you have been questioning yourself for a while, “How do I stay motivated throughout when I am working?” When that happens, […]

Rompetrol Rafinare (RRC.RO), part of KMG International Group, ended 2020 with a loss of USD220.15 million (RON885 million), from a loss of RON49 million (RON197 million) in 2019, and with a turnover of USD2.3 billion (RON9.4 billion), down 39% on the year, per calculations by Ziarul Financiar based on a preliminary financial report released Friday evening.

TeraPlast Group has announced the closing of the transaction for the sale of the steel products division to Kingspan Group. On February 26, the shares of TeraPlast in TeraSteel Romania and Serbia, respectively Wetterbest, were transferred to Kingspan, at which point the transaction price of RON373 million was paid, per a stock market report.

The stock exchange-listed Erste Group is optimistic about the current financial year. This optimism is based on the forecast economic upturn of between +3% and +6% in the economies of Central and Eastern Europe (CEE). Despite the trailing effect of insolvencies in Austria and the CEE region, the bank expects that the current year will see its risk […]

Winemaker Purcari Wineries (WINE.RO) on Friday said it ended 2020 with a net profit of RON60.4 million, up 49% on the year, and revenue of RON203.3 million, up 2% on the year.

Romania’s Hidroelectrica, the largest electricity producer in Romania, is summoning its shareholders on March 29, 2021, to approve a memorandum with Austria's largest electricity provider Verbund in order to jointly develop the project “Green Hydrogen @ Blue Danube” aimed at producing, transporting and selling “green” hydrogen.

Agroland Business System, the most extensive farming store chain in Romania held by businessman Horia Cardos, will start trading its shares Monday, March 1, under the ticker symbol AG, on the alternative trading system AeRO of the Bucharest Stock Exchange, per stock market data.

Enel X, the Enel Group’s advanced energy solutions business line and Sterling and Wilson Pvt Ltd (SWPL), a Shapoorji Pallonji group company and India’s leading engineering, procurement and construction (EPC) company, have entered into a joint venture (JV) aimed at accelerating the electric vehicle (EV) uptake in the Indian subcontinent. Starting from April 2021, the […]

Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) ended 2020 with a net profit of RON38.44 million, down 41.7% on the year, and a turnover of RON294.8 million, down 26.1% on the year, per calculations by Ziarul Financiar (ZF) based on the preliminary financial report released Friday.

BRK Financial Group (BRK.RO), the only broker listed on the Romanian stock market, ended 2020 with a consolidated net profit of RON1.5 million, down 79.5% from 2019, amid revenue from the intermediation activity of RON11.5 million, up 63.9% on the year, per calculations by Ziarul Financiar (ZF) based on the preliminary financial report released Friday.

Car parts manufacturer Compa Sibiu (CMP.RO) ended 2020 with a net profit of RON14.5 million, down 55.6% versus 2019, and with total revenue of RON557.9 million, down 27.3% on the year, per calculations by Ziarul Financiar (ZF) based on a preliminary financial report released Friday.

Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estimates a 4.2% economic growth for Romania end-2021.

Sphera Franchise Group (“Sphera”) reported consolidated sales of RON 710.8 million in 2020, representing a decrease of 25.6% compared to the performance in 2019. The result is well-above the revised estimate, as communicated in the current report published on October 22nd, 2020. The Group’s consolidated sales in the Q4 2020 amounted to RON 208.4 million, […]

Salarium Fintech Company has completed the development stage of its application, now available in Google Play and AppStore, thus becoming the first platform of salary advance payment and financial education in Romania.   With the help of Salarium mobile app, employees of Romanian companies can request salary advances, without fees or interests. Salarium can integrate […]

Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, on Friday reported a net profit of RON328.9 million for 2020, compared with a loss of RON44.5 million registered in 2019.

Telekom Romania Group on Friday reported consolidated revenue of EUR951 million in 2020, down 3% compared with 2019, while its EBITDA adjusted to IFRS16 grew 6.6%, to EUR150.7 million, marking a second consecutive year of growth.

Globalworth and Global Vision announce new tenants for the first phase of the Constanța Business Park project. Mobexpert is among the new members of the Globalworth Industrial community, Globalworth’s logistics and light industrial sub-brand. The leading company on the Romanian furniture market leased an area of approx. 2,000 sqm. Continuing the global eCommerce growth trend, […]

Romania's finance ministry is listing three Fidelis bond issues for the general population on the Bucharest Stock Exchange in a primary offer running between March 1 and March 19.