Romania Feed

Cosmin Ghita, digital and innovation director at Distributie Oltenia, part of CEZ Romania group, the electricity distributor to which the largest number of prosumers in Romania are now connected, says he expects the company to reach 7,000 prosumers in its distribution area and 45-50,000 countrywide by yearend.

Targu-Mures-based private hospital Nova Vita, one of the largest private hospitals in Romania, with 170 beds, in 2021 posted EUR6.5 million turnover, 15% higher than in 2020.

Construction material manufacturer TeraPlast Bistrita (TRP.RO) is summoning its shareholders on April 28 to approve the distribution of dividends in the amount of RON32.7 million, respectively a gross dividend of RON0.015 per share, from the profits corresponding to the second, third and fourth quarters of 2021, in line with the summoning note published by the Bucharest Stock Exchange.

Fast moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) is summoning its shareholders on April 29, 2022 to approve, among others, the distribution of a gross dividend of RON0.0442 per share, as per the summoning note published by the Bucharest Stock Exchange.

The conflict in Ukraine is impacting the way Romanian companies, especially those involved in international trade, do business during this period, with the number of firms resorting to risk management services being on the rise, according to iBanFirst representatives.

The Board of Directors of Romanian aluminum processor Alumil Rom Industry (ALU.RO) is summoning its shareholders on April 27, 2022 to approve the distribution of a gross dividend of RON0.192 per share, in line with a stock market report released on Thursday by the Bucharest Stock Exchange.

Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, has budgeted restaurant sales of over EUR266 million for 2022, higher by 33% than in 2021, of which 27% is estimated to be generated by the delivery channel, in line with a stock market report released on Thursday.

ABN Systems International, an entrepreneurial company that distributes IT&C products and accessories and owns the Tellur brand, proposes its shareholders a dividend of RON0.105 per share and the distribution of 13 free shares for each ten shares held.

Lender ING Bank Romania participates in 2022 too in the IMM Invest program whereby small and mid-sized enterprises (SMEs) can access state-guaranteed loans for investments or working capital.

BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange, is summoning its shareholders on April 26, 2022 to approve the distribution of 5% of its 2021 net profit, respectively RON1.1 million, to set up the legal reserve, distribute dividends by approving a gross dividend of RON0.0211 per share and allocate the difference as retained result.

Phishing scams are among the top two malicious cyber activities being conducted on the internet. The first, and by far the most nefarious, is ransomware attacks. Phishing, however, is much less dangerous to human life and critical systems directly, but is very good at harvesting credentials and duping naive victims. There is a very logical […]

Supercars are the automotive elite, a special caste that simple crossovers cannot keep up with. Elite sports cars start quickly, pick up speed instantly, are easy to drive and extremely attractive, but they are also expensive cars, so they are available only to the most successful and wealthy citizens who are able to give hundreds […]

For the past two years, Brandocracy, the branding and strategic marketing consultancy platform, has tripled its revenue. Founded in 2017 by Anca Rarau, the consultancy platform has closed the financial year of 2021 with a revenue of 1,3 million lei. The new projects that were added to the platform’s portfolio last year count for a […]

IMMOFINANZ, one of the leading companies in the local real estate market, announces the launch of the successful mycowork, a myhive flexible office product offering customized workspaces for all types of companies in Romania. Internationally, the mycowork concept was first implemented in Vienna in 2020 and rolled out successfully in several European cities. The first […]

Raben Group, the European logistics operator, has signed an agreement to purchase 100% of shares of the Austrian company Bexity from its current owner, Mutares.   As a result of the transaction, over 500 employees and 16 branches of Bexity, with headquarters in Vienna, will join the Raben family. The transaction was initiated in December […]

Romania has implemented the temporary protection mechanism for citizens coming from Ukraine, approved by the European Commission at the beginning of March 2022, through the EU Decision 2022/382. Opinion article by Raluca Bontas, Partner, and Mihaela Vechiu, Manager, Global Employer Services, Deloitte Romania   Thus, people who arrive in Romania, eligible to obtain temporary protection […]

2021 was a year of record revenue and profits for the Kingfisher Group, according to the global financial results released today: GBP 13.2 billion in sales and a profit increase of 20.9%. The company also gained market share in the UK and France and returned over £550m to shareholders, including dividends and ongoing £300m share buyback.   “Kingfisher […]

In recent years we have witnessed a series of important changes in labor law, determined both by the need for companies to keep their employees motivated and productive and by the trends imposed by the new generations who value more the work-life balance and who prefer jobs with flexible hours to the rigid standards imposed […]

Aurachain, the low-code software development platform, will enter the North American market after gaining significant traction in Europe and the GCC.   Aurachain’s low-code platform, which enables enterprise organizations to rapidly build and launch process and distributed ledger applications, is widely used in multiple sectors, with a focus in financial services. The low-code application platform offered by […]

Immofinanz, one of the leading real estate investors in Romania, is entering the coworking space market, with the mycowork brand, a component of the myhive flexible offices, implemented since 2020 across several European cities.