Romania Feed

Restart Energy One, a major independent electricity and gas supplier, for the first half of 2023 reported RON124 million revenues, up 11%, and RON37 million net profit.

Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, plans to increase its turnover by around 30% this year, to around RON18 million (EUR3.6 million), as in the almost nine months of this year it managed to already clinch an around 40% turnover advance amid the high digitalization demand across industries.

Botosani-based suit manufacturer Formens in 2022 posted net profit worth RON28.3 million (EUR5.7 million), 2.5 times higher than in 2021.

Furniture maker Simex, headquartered in Simleu Silvaniei, Salaj county, for 2022 reported turnover worth RON43.1 million (EUR8.7 million), up 2% on the year, in line with ZF calculations based on Finance Ministry data.

M Core group, made up of London & Cambridge Properties, Evolve Estates, Sheet Anchor and Proudreed, which owns 1,233 properties worth almost £5 billion, is mulling acquiring the 25 retail parks managed by Mitiska REIM in Romania, in line with real estate market data.

Tesla is likely to open its first dedicated center in Romania in the coming year and, in line with real estate data this could be located near Swan offices in Pipera Nord.

Romanian state-owned pharmaceutical manufacturer Antibiotice (ATB.RO) has called shareholders for a general meeting on October 30, 2023 to secure approval for the conclusion of a financing contract worth EUR25 million.

CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has completed the structure of its latest production and logistics project in Arad (western Romania), CTPark Arad West

The first half of 2023 saw a low pipeline of new modern retail projects deliveries, but the second half of the year is expected to be more active, with about 260,000 square meters of new retail schemes announced for the end of 2023, mostly in small and medium-sized cities, according to Colliers' mid-year market report.

AROBS Transilvania Software, a company present on the Romanian capital market since 2021, will start trading on the Main Market of the Bucharest Stock Exchange (BVB) on Monday (September 25) following the transfer from the AeRO market, the equity segment of the BVB’s Multilateral Trading System (MTS), BVB has announced on Friday (Sept 15).

Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, has announced investors in a stock market report that on Friday (Sept 15) the company's Board of Directors has appointed Andrei Bobar as Deputy General Director, effective November 1, 2023.

The employment rate for the working age population (15-64 years) was 63% in the second quarter of 2023, increasing by 0.1 percentage points compared to the first quarter of 2023, data from Romania's statistics board INS showed on Friday (Sept 15).

Adiss (ADISS.RO), a Romanian company specialized in water treatment, said in a stock market report on Friday (Sept 15) that it ended the first six months of 2023 with a loss of RON284,500, compared to a net profit of RON200,500 in the same period of 2022.

Orange Romania, the leader of the local telecom market, has expanded its 5G/5G+ network to Galati, the company said in a release.

Port operator Comvex Constanta (CMVX.RO) ended the first half of 2023 with a net profit of RON103.8 million, up 100.7% from the same period of 2022, as per the company's half-year financial report.

Spirits producer Prodvilanco (VAC.RO), listed on the Bucharest Stock Exchange, reported a net profit of RON7.8 million for the first half of 2023, 13.5% higher than the level reported for the same period of 2022, as per the company's latest financial report.

Technology company 2Performant Network, the leading affiliate marketing company in Romania, cut its losses from RON869,681 in 1H/2022 to RON577,143 in the first half of 2023.

The overall turnover of Romania’s 20 largest agricultural cooperatives in 2022 reached RON1.82 billion, 30% higher than in 2021, in line with ZF calculations based on data provided by BRIDGE-to-INFORMATION, a data analysis platform.

Kuwait’s Alshaya group in 2022 generated turnover worth RON57 million in Romania from fashion and cosmetics, given that it operates Victoria’s Secret and Bath & Body Works franchises locally.

Building materials maker TeraPlast Bistrita (TRP.RO) has announced in a stock market report that in the meeting of September 14, 2023, its Board of Directors has elected Dorel Goia as Chairman of the Board, for a four-year term.