Romania Feed

Impact Developer & Contractor (IMP.RO) starts a private placement offer for 48 million shares of Star Residence Invest, the first Real Estate Investment Trust (REIT) to be listed on the Bucharest Stock Exchange at a price of RON0.218/share.

ROCA Investments, part of Impetum Group, said Friday it has acquired 30% of the shares of irrigation pump manufacturer Mecanex Botosani and plans to invest EUR1 million to make it a major player on the regional irrigation market.

Lender Patria Bank (PBK.RO) on Friday said the Bucharest Stock Exchange has approved the admission to trading on its regulated market of EUR8.2 million worth of bonds.

Romanian shipyard Santierul Naval Orsova (SNO.RO) said Friday in a stock market announcement that it had concluded two external contracts worth a total EUR3.3 million for the construction of inland vessels.

Romania’s general election result points to continued political uncertainty and hence a still-challenging policy-making environment and the need to pass a 2021 budget will be a near-term test of the next administration’s cohesion and an indication of likely fiscal policy settings, Fitch Ratings said

Purcari Wineries Group completed on December 9 the sale of its holding in Moldova’s glass packaging producer Glass Container Group to Vetropack Group, for EUR7.22 million.

Romanians’ household expenditure, namely, costs with housing, water, electricity, gas and other fuels, saw the largest decrease among EU Member States, between 2009 and 2019, Eurostat data showed Friday.

The average net salary in Romania grew 0.7% in nominal terms in October 2020 compared with September 2020, to 3,343 lei (around EUR686), data from the country's statistics board showed Friday.

Romania's annual inflation rate inched down to 2.1% in November 2020 from 2.2% in October and 2.5% in September, data from the country's statistics board showed Friday.

Delphi Diesel Systems Romania, the local subsidiary of US’ Delphi group, posted 2.23 billion lei (EUR471.2 million) revenue in 2019, an increase of merely 1% year-on-year, ZF has calculated from Finance Ministry data.

Romanian-held furniture manufacturer Aramis has seen unexpected sales growth during the pandemic starting July, which led to an increase in the number of employees by 500.

Car production in Romania reached 404,699 units in January-November 2020, 10.52% fewer than 452,272 units in the same period in 2019, data from Romania’s carmakers association ACAROM showed Friday.

Bulgaria and Serbia are the only countries from which Romania imported more furniture in January-July 2020 compared with the year-ago period, data from Romania’s association of furniture manufacturers APMR show.

Romania's finance ministry on Thursday raised 781 million lei (EUR99.2 million), versus RON600 planned, selling bonds maturing in June 2026 at an average yield of 2.96%, central bank data showed.

Romania's finance ministry on Thursday raised a planned 500 million lei (EUR102.6 million) selling one-year maturity treasury bills at an average yield of 2.37%, central bank data showed.

Foreign investors in Romania report negative sentiment regarding the COVID impact on business, with 68.2% of the respondents estimating a moderate decrease and 13.6% a rather significant decrease, according to the September FIC Business Sentiment Index.

FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to the RON1 billion mark – 22% higher compared with 2019 as the pandemic boosted demand for delivery services.

Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, said Thursday it has opened a new KFC restaurant in Miercurea Ciuc.

Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, on Thursday said it started construction works on its H Eliade 9 Residence luxury residential project located in the Primaverii area in capital city Bucharest.

Real estate investors and office building tenants have kept in 2020 the trend of gradually expanding outside of capital city Bucharest too, with stocks in the four main regional cities currently reaching a little over one million square meters, respectively, a little over one third of the stock in Bucharest, per data from real estate consulting firm JLL.