Romania Feed

Fashion retailer Marc O’Polo, with over 2,000 points of sale in 37 countries, opens its fourth mono-brand store in Romania in the AFI Palace Cotroceni shopping center in Bucharest, a transaction brokered by Cushman & Wakefield Echinox.

E.ON Energie Romania, one of the largest utility suppliers on the local market, has completed a project for the installation of 19 electric car charging stations in the country with the latest station in the parking lot of a Penny supermarket in Lugoj, Timis county.

Real estate developer Impact Developer & Contractor (IMP.RO) said it had sold almost entirely the stock of apartments built within the first three development phases of the Greenfield Baneasa compound in capital Bucharest, and that it would continue expansion works on the project.

The Board of Directors of real estate developer Impact Developer&Contractor (IMP.RO) has approved the document for the presentation of the issue of corporate bonds, registered, dematerialized, non-convertible and unsecured, with maturity 2026, issued by the company.

Real estate developer Practic Bucuresti (PRBU.RO) seeks shareholders’ approval for the distribution of dividends in the amount of RON11.4 million, from the net profit of 2019.

Net investments in the Romanian economy grew 0.7% in January-September 2020 compared with the same period last year, to RON68.8 billion, data from the country's statistics board showed Thursday.

Private healthcare operator Gral Medical, the fifth largest on its market by sales, posted more than EUR33 million revenue in the first ten months of the year and expects to end the year with EUR40 million sales, the company said.

Romania's trade balance posted a deficit of EUR14.85 billion in January-October 2020, EUR827.5 million higher compared with the same period in 2019, data from the country's statistics board showed Thursday.

UK online fashion giant Asos works with 191 plants in Europe, one third of which in Romania.

Computer and electronics retailer Flanco has budgeted growth for next year, after 2020 has been a good year for its industry, since Romanian consumers spent more time at home and bought products to make their life easier.

Romania's natural gas transmission company Transgaz (TGN.RO), which has monopoly on natural gas transport in the country, said Wednesday it was fined RON34.2 million, or 1.95% of its 2019 turnover, by the antitrust authority over faulty contract awarding procedures.

Real estate developer Impact Developer&Contractor (IMP.RO) will benefit as of Dec 10 from the Issuer’s Market-Making services provided by SSIF BRK Financial Group, one of the most active brokerage companies trading on the and Issuer’s Market Maker for five other listed companies.

German-held discount retailer Kaufland, the leader of the local grocery retail by sales, opens a new store in Roman, Neamt county, its 137th store in Romania.

Allianz-Tiriac, the second largest insurer on the Romanian market, has signed an agreement with German Gothaer Group to acquire 100% of its Romanian subsidiary Gothaer Asigurari Reasigurari.

French DIY retailer Leroy Merlin has bought a property in Brasov in view of expansion from Belgian investor Mitiska REIM, specialized in the development and management of retail parks.

Review platform Undelucram.ro, launched in 2011 by Costin Tudor, seeks to attract one million registered users in 2021, from 650,000 at present, and to accelerate its growth in Greece, Hungary and the Czech Republic, by carrying out a new financing round, estimated at EUR750,000-EUR1 million.

Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, officially entered the Bucharest Stock Exchange on December 9, trading on the AeRO market.

Investment fund 212 is becoming shareholder of 123 Form Builder, a Romanian start-up company founded in the city of Timisoara and specialized in creating online forms.

The Romanian insurance market registered gross underwritings of RON8.5 billion in the first nine months of 2002, up 4.8% on the year, an official of the financial authority said Wednesday.

The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw an increase in the number of insolvencies, and the Czech Republic, which reported increased restructuring activity, per PwC’s “Global Restructuring Trends” survey.