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TechAngels, the local group of private investors supporting tech startups in Romania and the region, invested over EUR5.8 million in the first nine months of this year in tech startups, with EUR2.8 million in 3Q.
This year’s grape production is 10-15% higher than in 2020 and goes beyond 1 million tons, a record high quantity reached only in 2017 and 2018.
The EUR245,000 investment roofing manufacturer Wetterbest made to install a photovoltaic station on the roof of its Baicoi plant was a profitable one for the Prahova-based company and it plans further sustainability investments.
Retail and wholesale trade reached RON583 billion last year, down from RON595 billion in 2019, the last pre-pandemic year. Despite the health crisis turned into an economic crisis, 2020 was the second best year for the sector, with the overall turnover being double the 2009 level, the first year of the previous financial crisis, in line with Trade Registry data.
Super Eggs (Braila), which is part of Italy’s Eurovo group and specializes in production and sale of fresh, powdered and pasteurized eggs, posted RON35.7 million (EUR7.4 million) revenue in 2020, a decline of 41.6% from the RON61.2 million (some EUR13 million), ZF has calculated from Finance Ministry data.
Decathlon, the leading sporting goods retailer in Romania, budgeted growth 20% in sales for this year, which means more than RON1 billion for the first time, ZF has calculated.
Parcel delivery company Dynamic Parcel Distribution (DPD), one of the largest such companies in Romania, budgeted growth of 20% year-on-year in 2021 and so far it has met its target. However, the busiest time of the year is about to begin, when volumes will significantly increase during the Black Friday and winter holidays, which could lead to an even higher growth than initially expected.
The seven Pillar II (mandatory) private pension funds in Romania, which hold significant stakes in the companies listed on the Bucharest Stock Exchange, had RON87 billion assets at the end of September 2021, an increase of RON12 billion on the end of 2020, the latest Financial Supervisory Authority (ASF) data show.
Individual investor Behboud Madadi acquired a total 12.3 million shares of regional investment fund SIF Muntenia (SIF4.RO), between September 29 and October 12, 2021, paying RON19.7 million. Thus, Behboud Madadi reached an ownership stake of 6.13% upon the finalization of the offering.
Romania's finance ministry on Monday raised RON300 million (EUR60.6 million) selling bonds maturing in February 2029 at an average yield of 4.85%, central bank data showed.
Banca Comerciala Romana (BCR) is listing on October 19 its first green bonds worth RON500 million on the Main Market of the Bucharest Stock Exchange, under the stock exchange symbol BCR28A.
Brillio, a company focused on digital technologies and big data analytics, has appointed Dragos Stoica to the position of Country Manager and announces the start of a strong expansion process in Romania.
Appraisal & Valuation (APP.RO), a company providing appraisal, consulting and real estate development services, will assess over 1000 assets of Romania’s state-run hydropower producer Hidroelectrica, after winning a three-year contract following a public tender.
Mars, one of the world’s largest producers of pet food, confectionery products, food products and beverages, on Monday said it appointed Daria Maslovskaya to the position of People and Organization Director within Mars Central Europe.
ROCA Investments has fully acquired Sarcom, one of the largest paint and coatings manufacturers in Romania, which was founded by brothers Aurel and Marinica Potop 30 years ago.
2Performant (2P.RO), the main player on the Romanian affiliate marketing market, intermediated 318,900 sales in July-September 2021 period, for online stores, via its affiliate marketing platform, 64.2% more on the year, and their value totaled EUR16.9 million, VAT not included, up 67.6% versus the third quarter of 2020.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Monday announced that it reconnected the second unit of the power plant in Cernavoda to the national power grid in the afternoon of October 16, 2021.
Tei pharmacy chain, one of Romania’s most dynamic businesses, controlled by entrepreneur Roxana Maftei, is readying four new store openings in Bucharest, but is also set to expand to Brasov and Iasi.
Romania’s central bank has cleared banks in Romania, some of which are controlled by foreign financial groups from countries such as Austria, France, Italy, the Netherlands and Greece, to pay dividends to shareholders following a multi-year hiatus imposed by the pandemic fallout.
Romania’s insurers at the end of 1H 2010 had over 17 million insurance contracts in their portfolios, up 8% from the year-earlier period, in line with a report by the Financial Supervisory Authority (ASF).19710 items