Romania Feed

Romania's Finance Ministry raised RON1.33 billion from banks on Thursday (April 20) selling government paper in two auctions at annual average yields of 7.32% and 7.43%.

Developer NEPI Rockcastle plans to open the Promenada Craiova mall in October 2023, following a more than EUR125 million investment. The mall will include more than 150 stores.

5 to go coffee shop chain, the largest such chain in Romania, has opened almost 50 shops since the beginning of the year and is to overshoot the 500 mark, almost half of which in Bucharest, the company said.

Poland’s Keno, one of the largest manufacturers and distributors of complete photovoltaic installations, has opened a subsidiary in Romania to distribute its own panel and heat pump brands in the country.

Impetum Investments, a division of Impetum Group and investment fund Agista, which is expecting authorization, have become shareholders of Bittnet Group, a Romanian IT group listed on the main market of the Bucharest Stock Exchange, following completion of a RON32 million capital increase.

Law firm Filip & Company assisted Alsendo, a Polish delivery management tech solutions provider in Central Europe held by private equity fund manager Abris, in the buying the majority stake in Ecolet, a Romanian logistics and courier service company, which operates in Romania and Bulgaria.

Brasov has become the biggest regional residential market in Romania after Bucharest-Ilfov and ahead of Timisoara and Cluj-Napoca in the first quarter of this year, real estate consultant SVN Romania says in a report based on the official statistics and the data of its Brasov office.

Hermes Business Campus, an office project part of Hungary’s real estate investment fund Adventum Group portfolio since 2021, has obtained the “Excellent” rating according to BREEAM In-Use certification methodology.

Romania in 2022 registered a 5.6% unemployment rate (464,400 persons), a level similar to the 2021 one, as the employment rate for people aged between 20-64 reached 68.5%, up 1.4% from the previoys year, in line with data the country’s statistics board INS published on Thursday, April 20.

National gas transmission company Transgaz and E.ON Romania, a group focused on energy and natural gas distribution and supply, have sealed a partnership via which the two companies plan to work together to strengthen Romania’s energy security by aligning and correlating the development strategies regarding the natural gas infrastructure with the European Green Deal provisions and other European legal provisions in the field.

Romanian pharmaceutical manufacturer Antibiotice Iasi has sealed an advisory services agreement with the European Investment Bank to identify growth opportunities both locally and internationally.

Fondul Proprietatea, a minority stakeholder in companies owned by Enel group in Romania, sealed a contract for the sale of the respective stakes to Greek company PPC for RON650 million.

Bakery chain Pain Plaisir will add three units this year and reach seven units by yearend.

The tech center we have in Bucharest is a very good one and it will continue to grow by taking over more responsibilities in putting out products and digital services for the global network of Deutsche Bank, says Frank Pohlgeers, Managing Director, New Banking at Deutsche Bank Private Bank, in charge of digital solutions, online banking and mobile banking.

French-held Saint-Gobain paid EUR17 million to buy construction material maker Duraziv from businessman Daniel Guzu in 2021, the group said in its financial report for 2022.

German-held DIY retailer Hornbach is preparing to start work on its tenth store in Romania.

Romanian conveyor belt maker Artego Targu-Jiu (ARTE.RO) has informed the Romanian capital market of the decision of the Ordinary General Meeting of Shareholders held on April 19, 2023 regarding the distribution of the company's 2022 net profit in the amount of RON12.3 million.

Spark, a Romanian EdTech that revolutionizes high-school education, plans to raise EUR700,000 with the help of technology startup investment platform SeedBlink in order to develop its innovative educational model.

ROCA Investments, a brand founded by Impetum Group and the most dynamic private equity company in Romania, has announced the successful exit from port operator Romcargo Maritim after a three-year restructuring process.

The European Commission found that Romania did not fulfill its obligations assumed in the Treaty on the Functioning of the European Union (TFEU) by restricting the export of electricity, as per a press statement of the Community Executive.