Romania Feed

For the World Tourism Day, Uber is supporting the progressive return of business trips and commuting now that international travel restrictions are easing.    As restrictions continue to ease and travel bookings are on the incline, airport requests alone on the app in Romania have increased by almost 19 times in the last 4 months! […]

Romania's finance ministry on Monday raised 400 million lei (EUR80.8 million) selling bonds maturing in October 2027 at an average yield of 3.75%, central bank data showed.

Enel X Romania, part of Enel X, the division of advanced energy services of Enel Group, has signed an agreement with Power Electric for the sale of electric vehicle charging stations.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) informed the shareholders and investors in a stock market report about the setup of the SNN branch, the Uranium Concentrate Processing Factory-Feldioara SRL, on September 24, 2021.

Philip Morris Romania, the producer of Marlboro cigarettes and of heat-not-burn products IQOS, has appointed Portuguese Joao Brigido to the position of manufacturing director of its factory in Otopeni, near capital Bucharest, effective August 1, 2021.

Individual investors bought RON428 million worth of Fidelis government bonds for the general population during the first two weeks of unfolding the offer for subscription, per data compiled by Ziarul Financiar (ZF) from brokers’ platforms.

Romanian state-owned natural gas producer Romgaz plans to borrow EUR350 million, through a syndicated loan, in order to acquire US giant ExxonMobil's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, according to Ziarul Financiar (ZF).

Apemin Zizin, a natural mineral water producer of Brasov county, in 2020 generated net profit worth above RON6 million (EUR1.2 million), up 24% year-on-year.

Despite the turmoil brought on by the COVID-19 pandemic, family-owned enterprises have managed to stay resilient. The world’s largest 500 family businesses generated US$7.28 trillion in revenues, employing 24.1 million people across 45 jurisdictions, per an EY survey, which shows how the largest family-owned businesses responded to the recent turbulence in the global economy.

Financial analysts expect the Romanian leu will depreciate to over 5.0261 units to the euro in the next 12 months, while inflation is seen averaging 4.38% during the same period, a monthly poll by CFA Romania showed Monday.

French group Kering, with luxury brands such as Gucci, Saint Laurent or Balenciaga in its portfolio, controls a shoemaker in Baia Mare with over 650 employees. The plant, founded two decades ago, reached a turnover of almost EUR20 million in 2020, being Romania’s eighth biggest footwear maker.

Jewelry chain Teilor, controlled by entrepreneur Florin Enache, is readying to list on the Bucharest Stock Exchange through a bond issue, in line with ZF data.

Logistics operator DB Schenker Romania intends to bolster volumes handled in Romania's seaport of Constanta. The DB Schenker platform of the port of Constanta is transited by around 900,000 tons annually. Over the past three years, volumes have seen an upward trend, with annual growths of 5% to 10%.

The 20 largest companies on Romania’s private specialized healthcare market reported total turnover of around RON3.3 billion last year, up 16% year-on-year, and had 12,000 employees. The market included 7,951 firms with total turnover of around RON7.2 billion and 32,500 employees.

Skiptrans, part of Jost Group, an international carrier located in Luxembourg and Belgium, in 2020 generated net profit worth RON29.8 million (EUR6.2 million), 84% higher than in 2019.

Cristian Rada, Blue Air stakeholder, invests in a new airline called Hello Jets, but the new business line with provide services that are complementary to those of the already existent low cost carrier, says Oana Petrescu, Blue Air CEO.

Metal roofing tile producer Brachotrapez, owned by the Polish group of the same name, is going to create 20 jobs in the wake of state-backed investments in a new plant in Baia Mare.

Luminita Runcan was elected President of the Financial Markets Association (ACI FMA), at a meeting held on September 23.

Companies expect salary increases of 5% in 2021 and 2022, with the biggest pay rises being expected in the retail sector and the carmaking industry, and going into health and life insurance under the form of benefits granted to employees, per a survey by Mercer Marsh Benefits.

Digi Communications (SNN.RO) has summoned its shareholders for November 4, 2021 in order to designate KPMG as the company’s new statutory auditor for the 2021 financial year, per the summoning note published on the stock market.