Romania Feed

Nuclear power producer Nuclearelectrica (SNN.RO) announces in a statement that it completed the operationalization of Feldioara Branch during January-March 2023 period, as part of its development strategy of the Romanian integrated nuclear fuel cycle.

Investors are more optimistic about the economic environment in Romania despite the fact that the business environment has faced various crises over the past years, according to the spring 2023 edition of the Business Sentiment Index (BSI) report published by the Foreign investors Council (FIC).

The number of job applications went up in the first quarter of 2023, but demand from candidates is still overshot by company’s recruitment needs, there’s still an imbalance, says Andrei Frunza, Bestjobs CEO.

Polish-held sporting goods retailer 4F, present in Romania since 2016, more than doubled its store network last year, opening ten new units and thus reaching a total portfolio of 18 spaces nationwide,. Then, another unit, the 19th, was opened in 2023, in Cluj-Napoca.

Carmistin group, a major Romanian food producer controlled by Paraschiv family, is set to enter the bio egg market with La Provincia brand, betting on Romanians’ rising demand for sustainable products and annual spending of around EUR300 on bio products.

Zentiva (SCD.RO), the largest pharmaceutical company listed on the Bucharest Stock Exchange, though with a low free float of merely 4%, is aiming for net sales of RON856 million and RON101.7 million net profit in 2023, according to the spending and revenue budget submitted to shareholders to vote.

PVC and aluminum windows and doors manufacturer Optimedia ended 2022 with EUR67 million revenue, up 50% compared with the previous year, the company said.

Linda Ecotil, a Suceava-based roofing manufacturer, invested about RON13 million in production, storage and machinery last year.

The contract concluded by Romania’s state-owned natural gas producer Romgaz’s (SNG.RO) with Spanish group Duro Fulguera for the development of the Iernut power plant (Iernut CTE) by building a new combined cycle gas turbine power plant is worth RON345 million, as per a stock market report.

Danube transport company Transport Trade Services (TTS.RO) said in a stock market report on Wednesday (April 6) that C.N.F.R. NAVROM SA, the main provider of river transport services within TTS Group, started a EUROPA 2 type barge construction program.

Ovidius Clinical Hospital (OCH), the largest private hospital in the south-east of Romania has completed a EUR28 million investment in a new building next to the already existing one, a new facility with an area of more than 7,000 square meters.

Winemaker Purcari (WINE.RO) wants to pay a dividend of RON0.55 per share and has called shareholders for May 26, 2023 to secure approval in this respect.

Retail Park Dej, the first shopping center in the town of Dej (Cluj County), is officially opening on Thursday (April 6) following an investment of over EUR10.5 million carried out by retail parks developer Cometex, part of Altex Group.

Iulius Group, a real estate developer held by businessman Iulian Dascalu, has concluded a partnership with MedCity for the setup of a medical center within the Palas Campus Iasi office complex.

Romania’s Competition Council is looking into a transaction through which Zarea, leader on the sparkling wine segment, acquired 70% of the shares of the group of firms DDMU (Domeniile Dealu Mare Urlati) founded by the Radulescu family, at the end of February 2023.

Real estate owners in Romania are much more interested in ESG (environmental, social and governance) standards and also have higher expectations when it comes to sustainability than their counterparts in other countries.

EVconnect, one of the largest electric vehicle (EV) charging networks in Romania, is set to exceed 500 EV charging stations by the end of 2023 and the network is expected to include at least 3,000 charging stations until 2025.

Profluo, a startup that builds machine learning technology for the automatic processing of accounting documents, has reached total investments of EUR625,000 less than a year after completing its first seed investment round, company representatives said in a statement.

Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted Holcim Romania, the leading construction materials producer in Romania by turnover, with the expansion of its aggregates division through the acquisition of 100% of the shares of Stones Business Development SRL, which operates an aggregate station and a sand and gravel mining exploitation.

The concept of e-learning, meaning any type of learning delivery and acquisition taking place in the digital media, is relatively new, more specifically its penetration to the market, then widespread usage in different industries have only occurred in the last decade.