Romania Feed

Czech Agrofert Group has bought the majority stake in Romanian company East Grain, through a share capital increase, which is the most significant foreign investment in the Romanian agribusiness sector over the last year.

CIS Gaz, a Romanian natural gas company, founded in 1990 by Sebastian Calugar in Mures county, is expanding further in Egypt, where it has signed a cooperation memorandum with Town Gas, a gas distribution company, on the basis of which they will jointly develop projects in the field of natural gas transportation.

OMV Petrom, Romania’s largest oil and gas company, on October 26, 2023, completed the process of delisting GDRs from the London Stock Exchange in the wake of low interest in their trading and additional costs related to presence on this bourse.

Financial analysts part of CFA Romania association say the state budget gap estimated for 2023 will reach 5.8% in GDP, the highest value registered in the CFA survey since the start of the year.

Freight forwarder IB Cargo, which delivers freight for clients in the automotive, FMCG, pharma, agriculture sectors and others, in 2022 generated RON405.5 million turnover, up 35% from 2021.

Furniture maker Artemob International, controlled by French company P3G Industries, for 2022 reported turnover worth RON134.3 million (EUR27.2 million), down 22.7% on the year, in line with ZF calculations based on Finance Ministry data.

Retailer Made by Society is readying to enter Poland with a store in the main mall of Warsaw. This will be the third foreign market for the fashion retailer, after Bulgaria and the UK.

The Sibiu City Hall has bought for EUR5.2 million the land and buildings of the city's Fabrica de Cultura (Culture Factory) held by the company Constructii S.A., which is currently in reorganization.

Electrica (EL.RO), a major player on Romania’s electricity distribution and supply market, in a stock market report on October 25 announced the signing of the first non-reimbursable financing contract under Investment Measure I1 - Supporting investments in new electricity production capacities from renewable wind and solar energy sources, from the National Recovery and Resilience Plan (PNRR).

LIFE Group, which owns dental clinic chain Life Dental Spa, will be investing EUR4 million in at least ten dental clinics, four units under the "Life Beauty” brand and a multifunctional clinic, in capital Bucharest and other cities across Romania.

The European Investment Fund (EIF) has signed agreements with five banks to support Romania’s small and medium-sized enterprises (SMEs).

Infinity Capital Investments (SIF5 – formerly known as SIF Oltenia), which has an ownership stake of 37% in Electromagnetica (ELMA.RO), a producer of electrical equipment and electricity, plans to buy the remaining shares from investors through an offer for which it is offering RON0.181 per share.

The turnover of the local pawn shop market increased by 23% compared to 2021 and was two times higher than in 2013, touching a record high, of over RON1.6 billion in 2022.

Julius Meinl Romania, one of the biggest players on the premium coffee market, posted RON75.9 million (EUR15.4 million) revenue in 2022, up 42.5% from the previous year’s RON53.2 million (EUR10.8 millions), according to ZF calculations based on information from the Finance Ministry website.

Interpork Plus, which sells meat and meat preparations and is part of the Carmistin group, owned by the Paraschiv family, posted RON460.5 million (EUR93.4 million) revenue in 2022, up 52.7% on the previous year’s RON301.6 million (EUR61.3 million), according to ZF calculations based on data from the Finance Ministry website.

Black Friday, one of the busiest periods for retailers and parcel delivery companies, could generate a 10% to 15% increase in deliveries for the latter compared with last year, the actors in the market say.

Romanian shipbuilder Santierul Naval Severnav (SEVE.RO) based in Drobeta Turnu-Severin, has signed a financing contract with the energy ministry, within the National Recovery and Resilience Plan (NRRP), for the production of electricity from renewable sources.

Startups and small companies in Romania, with up to 50 employees, have posted a total 131,000 new jobs from the beginning of 2023 until present.

The BET index of the Bucharest Stock Exchange (BVB) reached a new all-time high in September 2023, showing a level of 14,466 points at the end of the trading session on September 20.

Donalam SRL, the Romanian subsidiary of the AFV Beltrame Group, one of the largest producers of merchant bars and special steels in Europe, continues its presence in both local and international markets.