Romania Feed

Online retailer Elefant.ro ended the first half of 2023 with a turnover of RON53 million, compared to RON95 million in the same period of 2022, and its loss remained unchanged, at RON11 million, as per its half-year financial report.

Dr. Fischer Dental (DENT.RO), a dental laboratory owned by Dr. Antoaneta Fischer, ended the first half of 2023 with a net profit of RON578,800, up 204% on the year, and a turnover of RON7.3 million, up 44% on the year, as per data from the half-year financial report published at the Bucharest Stock Exchange.

Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) will collaborate with Laurentis Energy Partners (LEP), a subsidiary of Ontario Power Generation (OPG), on the production of life-saving medical isotopes at the Cernavoda Nuclear Power Plant (NPP) and explore the possibility of heavy water production in Romania.

Romania attracted foreign direct investments (FDI) totaling EUR10.03 billion in 2022, up 12% versus EUR8.9 billion in 2021, an analysis by the country's central bank and the statistics board INS shows Friday (Sept 29).

Romanian authorities issued 3,115 residential building permits in August 2023, 1.9% more than in July 2023 and 23% fewer than in August 2022, data from the country’s statistics board INS showed on Friday (Sept 29).

Romania’s general consolidated budget posted a deficit of RON42.19 billion in January-August, 2023, or 2.65% of gross domestic product (GDP), as compared to a budget gap of RON32.98 billion (2.34% of GDP) reported in the same period of 2022, the finance ministry said on Friday (Sept 29).

Teilor Holding, a group of companies with bonds listed on the Bucharest Stock Exchange, which includes Teilor luxury jewelry chain, finance company Invest Intermed GF IFN and Teilor Invest Exchange, posted total consolidated revenue of RON193.9 million in the first half of 2023, up about 5% from the first half of 2022, of which consolidated operating revenue of RON182.6 million, 1% higher.

Santierul Naval Constanta (Constanta Shipyard – SNC.RO), which builds and repairs ships, posted RON68.6 million revenue in the first half of 2023, 67.9% below the RON213.6 million in the same time last year, the financial statement published on the Bucharest Stock Exchange shows.

BestJobs Recrutare, the company that manages the online recruitment platform of the same name (bestjobs.ro), and which has an outstanding bond issue on the Bucharest Stock Exchange, ended the first half of 2023 with RON20.8 million revenue, up 2.3%, while net profit fell to RON5.2 million from RON6.5 million.

Grup Serban Holding (GSH.RO) posted RON262 million revenue in the first half of 2023, 5% lower than in the same period in 2022. Net profit fell 10% to RON6.1 million, according to the first half report to the Bucharest Stock Exchange on Friday.

Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, posted RON5.5 million net loss in the first six months of 2023, compared with a loss of RON3.3 million in the same period of 2022, while revenue shrank by 11.4% to RON10.1 million.

Romania’s largest lender Banca Transilvania (TLV.RO) has secured shareholders’ vote to distribute RON900 million as dividends from the profit reserves of 2022 and of the previous year, as shown by the decision of the General Meeting of Shareholders sent to the Bucharest Stock Exchange on Friday.

The Romanian National Commission for Nuclear Activities Control (CNCAN) has approved the Licensing Basis Document (LBD) for the NuScale small modular reactor (SMR) powerplant in Doicesti.

Romania ranks third in Central and Eastern Europe (CEE) and 12th at European level by online sales of goods and services, with a share of 3.17% in the gross domestic product (GDP), in line with data from the latest European E-commerce Report 2023, as cited by the Romanian online store association ARMO.

Delivery platform Tazz seeks to boost the number of its app downloads to 3.4 million in the coming year, amid development plans.

Nestor Nestor Diculescu Kingston Petersen (NNDKP) was named Romania Tax Disputes Firm of the Year at the 2023 edition of ITR EMEA Tax Awards organized by the publication International Tax Review.

German group Stada, which is building in Turda, Cluj county, a drug plant set to produce 130 million drug boxes annually, is likely to open the new production unit next May.

Sales of merchants present on the online commerce platform eMAG Marketplace grew by 14% in the first eight months of 2023, compared to the same period of 2022, according to representatives of eMAG, one of the leading players on the online retail market in the region, which also has a strong foothold in Hungary and Bulgaria.

Romanian ice cream producer Ice Dyp Balas from Timis County, controlled by Vasile and Maria Balas, ended 2022 with a turnover of RON62.3 million (EUR12.6 million), up 23% from over RON50.6 million (EUR10.3 million), as per calculations by Ziarul Financiar (ZF) based on finance ministry data.

Cluj-based dairy producer Bonas Import Export (BONA.RO) ended the first half of 2023 with revenue of RON15.2 million, up nearly 35% year-over-year, the company said in its half-year financial report.