Romania Feed

UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its sales increase by 19.2% in the first half of 2021, compared with the year-ago period, as a result of the greater demand for home improvement products from consumers.

Romanian business software solutions provider Senior Software entered the shareholding structure of HR Sincron, by acquiring 30% of the latter’s shares.

Romania's finance ministry on Thursday raised 221.2 million lei (EUR44.6 million), higher by RON21.2 million than planned, selling a new issue of bonds maturing in April 2036, at an average yield of 4.33%, central bank data showed.

Badsi, a Nissan dealer controlled by the Badea family, has sold, via a sale & leaseback contract, the car center in Bucharest’s Pipera area, to Nusco Group within a transaction worth EUR2.5 million.

GTS Global Intelligence, a Romanian developer of software for the security industry, backed by Abris Capital Partners (Abris), has acquired Lummetry.AI, a Romanian artificial intelligence business founded by Andrei Damian - Chief Research Officer.

Dental clinic network Dent Estet, part of Medlife group, in the first six months of this year reached turnover worth RON46 million, 60% higher than in the first half of 2020.

Jerry’s Pizza, an operator on the delivery and take-away segment, expects its sales to grow 10% in 2021, after a 3.5% increase in 2020, and targets investments of almost EUR800,000 in expanding its pizza restaurant chain and upgrading some units.

Danish renewable energy company European Energy, which develops, finances, constructs and operates wind and solar farms as well as hydrogen facilities and storage capacities at a global level, has opened a subsidiary in Romania, in capital city Bucharest, which will be run by Ioannis Kalapodas.

KLG Europe launched Strongo, a home delivery service for outsized items. In Romania, KLG has nine hubs in the biggest cities.

Private lending grew by 12.8% in nominal terms to RON309.6 billion in January-August 2021, compared to the same period in 2020, as local currency lending grew by 17.5% and foreign currency lending by 2.7% when expressed in lei, central bank data showed Thursday.

Bega Turism, the biggest tourism company in Timis county, controlled by Cristescu brothers, plans to invest EUR8 million in a new hotel in Timisoara, according to the company’s officials.

Swiss-held Artemis, owner of five industrial parks near Timisoara, is building a third industrial hall in the 10.5-ha Sanandrei park.

Oradea City Hall and Bihor County Council are poised to set up an airline that will operate flights between Oradea and Bucharest, but also to other European cities, with the first flight scheduled for next March.

Moldavia currently has wind power projects worth around EUR650 million underway, according to ZF calculations based on Transelectrica data.

20 out of Romania’s 41 counties and capital city Bucharest registered declines in the number of employees during June 2019-June 2021 period. Consequently, the Romanian labor market has yet to regain around 10,000 jobs lost during the pandemic.

Romania accounts for 2.6% of the total area allocated to vineyards in the world or 190,000 hectares, International Organization of Vine and Wine (OIV) data show.

Uniqa Asigurari is getting ready to leave the auto liability insurance (RCA) market and has filed a request to have its license for that revoked to the relevant authorities, Valentin Coroiu, Uniqa Asigurari vice president, said during a conference of the Romanian association of insurance-reinsurance brokers PRBAR.

Romania’s Competition Council has approved a transaction whereby the company Agroind Cauaceu will be controlled by the Corbut family and Promat Comimpex, a company held by Ameropa DG Holding AG and the Moldovan family.

Following the sale of half of its ownership stake in state-run nuclear power producer Nuclearelectrica (SNN.RO), in June 2021, EVERGENT Investments cashed dividends on the entire position and made a substantial profit of RON8.6 million, according to some specifications regarding investment decisions in line with the investment policy, published in a stock market report.

Global network Mindshare, part of WPP Group, becomes the main partner of Unilever for media services, globally and locally, following the completion of the selection process, one of the largest pitches at the moment.