Romania Feed

ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, had a net profit of RON693,000 in the first half of 2023, from RON1.9 million in the year-earlier period, as per calculations by Ziarul Financiar (ZF) daily based on data from the company's half-year financial report published at the Bucharest Stock Exchange.

Agroserv Mariuta (MILK.RO), a Romanian agricultural company and owner of the Laptaria cu Caimac dairy brand, posted sales of RON36.3 million in the first half of 2023, an increase of 23% compared with the year-ago period.

Libra Internet Bank and Hercesa Romania have signed a new financing contract worth RON33 million for the construction of a real estate compound.

Most Central and Eastern European (CEE) countries have had a free market economy for only 30 years; as the region’s economies are relatively young, the pursuit of profit remains a central priority for most businesses and investors, as per the survey “Unlocking private capital for social good in Central & Eastern Europe” carried out by the Social Impact Alliance for Central & Eastern Europe.

Andreea Magraon, who started her career as a Ziarul Financiar journalist and then served as marketing manager for Trust communications agency, FlixBus and Bolt, has joined online supermarket Sezamo, as chief marketing officer, the retailer announced.

OMV Petrom, the largest integrated energy company in Southeast Europe, has signed a contract for the purchase of natural gas with BOTAŞ, the national oil and gas company of Türkiye.

Mindspace, a global flexible workspace provider, unveiled the results of a recent survey among employees from industries worldwide regarding shifting sentiment towards the workplace.

Made in Romania, the program of the Bucharest Stock Exchange, announced and awarded on Tuesday, September 26, the finalist companies of this year, the future growth engines of the Romanian economy.

Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one.

Ardealul Carei, a major vegetable oil producer locally, in 2022 generated net profit worth RON81.7 million (EUR16.5 million), up almost 42% on the year.

Sporting goods retailer Sportisimo, present in Romania since 2015, plans to continue expanding on the Romanian market, which it deems as one of the most important for the group.

Gerke Witteveen has been appointed Chief Executive Officer (CEO) of NN Pensii, effective October 9, 2023.

Logistics and parcel delivery company DHL Express Romania has recruited Bogdan Enache for the position of Country Managing Director, starting September 11, 2023.

Flip Technologies, a Romanian startup which operates as a marketplace for refurbished smartphones, officially announces that it has entered the Greek market.

Startup firm Solmag, which facilitates the connection between companies specialized in installing solar photovoltaic (PV) panels and the future prosumers of renewable energy, announces the launch of the first product of its ecosystem, namely, a solar marketplace, and seeks to attract a EUR500,000 investment in exchange for an ownership stake of 5% in the company, Solmag representatives said in a statement.

Grain and oilseeds trader Soufflet Agro Romania, part of France’s Soufflet Group, posted almost RON340.4 million (EUR69 million) revenue in 2022, an increase of 17.8% on the previous year’s figure of some RON289 million (EUR58.7 million), according to ZF’s calculations based on Finance Ministry data.

Romanian-owned steel pipe distributor Comtech Co posted RON154.4 million (EUR31.3 million) revenue in 2022, an increase of 34.3% on the previous year’s almost RON115 million (EUR23.4 million), ZF has calculated form Finance Ministry data.

The land market in capital city Bucharest has remained active over the past 12 months in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from real estate consulting firm Cushman & Wakefield Echinox.

Romania has the potential to become one of the most digitalized countries in the region, given that 50 percent of villages can become smart by 2030, according to estimates by the Romanian Smart City Association (ARSC).

The Greenfield Plaza shopping center, developed by real estate developer Impact Developer & Contractor in the Greenfield Baneasa neighborhood, has reached an occupancy rate of 89%.