Romania Feed

Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, on Monday said it ended 2021 with a volume of underwritten gross premiums of over RON1.6 billion, higher by 15% than in 2020, in line with data from company representatives.

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said in a stock market report on Monday that it is forced to enter a major restructuring program in an attempt to cope with the soaring energy prices, considering that it is one of the biggest natural gas consumers.

Law firm PeliPartners has assisted Anchor Grup, the owner of shopping centers Bucuresti Mall and Plaza Romania, in contracting a loan of EUR80 million from lender Banca Transilvania, necessary to fund Anchor Grup’s retail and office operations in Romania.

While markets are looking at wheat prices reaching the highest level in history, the conflict in Ukraine might start to brew a food crisis. Corn and sunflower seeds and oil are more concerning to Europe now. And the price rising in fertilizers and fuels like diesel is threatening farmers with higher costs for the agricultural […]

CTP, the largest owner and developer of industrial and logistics space in Romania, has partnered with Blum, one of the world’s leading manufacturers of furniture hardware. CTP will set up a 2,200 sqm warehouse for the Austrian manufacturer’s subsidiary in CTPark Bucharest North, in the Stefanesti area.    Blum Romania is thus expanding its existing […]

Transilvania Investments, which has been listed on the Bucharest Stock Exchange for over 20 years, has today had its first trading session under the new symbol, TRANSI, following a rebrand by the company. Its new commitments to its investors and partners include plans to reevaluate its portfolio companies, open up to innovative sectors, and be […]

The local construction market is very dynamic and it is dealing with many challenges, the most critical being the shortage of specialist workforce. BR sat down with Razvan Parvulescu, Business Development Coordinator at BTDConstruct & Ambient, to find out how the company did in 2021 and gain insight into its plans for this year. By […]

Transilvania Investments, which has been listed on the Bucharest Stock Exchange for over 20 years, on Monday (March 14) had its first trading session under the new symbol, TRANSI, following a rebrand by the company.

Julien Munch, the CEO of Carrefour Romania, says that his main strategic pursuits this year will include online and offline expansions and strong focus on proximity formats, staying true to the company’s omnichannel profile. At the same time, the company will continue to partner up with local farmers and producers in order to provide fresh […]

Turkey-based Ford Otosan, the largest commercial vehicle manufacturer in Europe, will take ownership of U.S. Ford’s assembly plant and production activity in Craiova, southern Romania, a process conditioned by approvals from the relevant authorities.

Alliance Healthcare, formerly known as Farmexpert, the third largest medicine distributor on the local market, saw its turnover growing by 8-10% in 2021 compared with 2020, exceeding the RON4 billion threshold, in line with the company’s data.

Romania's trade balance posted a deficit of EUR2.12 billion in January 2022, higher by EUR944.9 million compared with January 2021, data from the country's statistics board INS showed Monday.

Romania's annual inflation rate climbed to 8.53% in February 2022 compared to February 2021, data from the country's statistics board showed Monday.

Eversted in 2021 saw its turnover top EUR4 million, double the 2020 level.

Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, has budgeted EUR5 million investments for 2022 to expand the plastics plant of Eurobusiness Oradea industrial park, where it has operated since 2015.

IPEC, a major local supplier to IKEA, currently has 50 jobs available at Alba Iulia porcelain plant.

Gherla-based Sortilemn, a major local supplier to Sweden’s group IKEA, has budgeted investments of around EUR1 million for this year, aimed at automation and infrastructure.

German-held car parts supplier Kromberg & Schubert Romania ME currently has 92 jobs available at the Medias plant.

The Romanian Football Federation has opened its first physical store, which is located within the Mega Mall shopping center in capital Bucharest, in the vicinity of the National Arena.

Lender Banca Transilvania on Friday said it would have its own technology company, Code Crafters, through which it will increase its capacity to develop IT solutions.