Romania Feed

Alro Slatina, one of the largest vertically integrated aluminum smelters in Europe and the largest electricity consumer in Romania, posted RON18 million losses in the first quarter, down from the RON62 million in the year-ago period.

Real estate consulting firm Cushman & Wakefield Echinox has appointed Roxana Nicolae to the position of Workplace Manager within the Asset Services Department.

Wine producer Purcari Wineries (WINE.RO) recorded a net profit of almost RON12 million in the first quarter of 2022, up 17% on the year, the company said in its financial report sent to the Bucharest Stock Exchange on Monday (May 16).

Romanian startup Flip.ro, a marketplace for the purchase and sale of refurbished mobile telephones, on Monday announced its entry into the Bulgarian market, as part of its goal to become the leader on the market of refurbished products in Central and Eastern Europe.

The Bucharest Stock Exchange said on Monday (May 16) that the shares of STK Properties would start trading on the AeRO market, the equity segment of the Multilateral Trading System, on Wednesday, May 18.

The European Investment Bank (EIB) and Romania’s natural gas transmission company Transgaz (TGN.RO) have signed an agreement for the provision of advisory services to prepare and develop a decarbonization strategy for Romania’s gas network.

Freight transporter Transport Trade Services (TTS) said in a stock market report on Monday that NAVROM S.A., the main provider of river transport services within TTS Group, completed an investment of EUR2.4 million by purchasing a package consisting of 8 EUROPA 2 barges, with a combined capacity of 13,600 tons, a floating dock, and a pontoon.

Romania’s natural gas transmission company Transgaz (TGN.RO) recorded a consolidated net profit of RON258.3 million in the first quarter of 2022, up 67% from RON154.4 million in the same period in 2021, as per the company’s financial report sent to the Bucharest Stock Exchange.

Fondul Proprietatea (FP.RO) posted RON826.1 million net profit in the first quarter of 2022, an increase of 17.8% on the RON701.4 million of the year-ago period, ZF has calculated from the data in the financial report published on the Bucharest Stock Exchange on Monday.

International capital markets are going through a period of significant volatility, and the Romanian capital market has aligned itself with this trend. Rising interest rates, geopolitical tensions, and persistent inflation are some of the factors behind these fluctuations.

Bianca Vlad, Tax Partner at Mazars, is set to become a speaker at BR’s landmark event for tax and legal professionals in the Romanian industry, Tax, Law, and Lobby 2022, where she will offer her valuable insights during the Tax Debate session.   Join Bianca Vlad and other top speakers on May 24 at the  JW Marriott Bucharest […]

One in four books sold in the last 12 months by Libris, an online bookstore with a tradition on the Romanian market, was for children or a parenting book. The Children’s Book and Child Raising categories have steadily increased their share of sales on Libris.ro, reaching 25%, compared to about 15% 3 years ago. Therefore, with […]

Mondelēz International published its 2021 Snacking Made Right Report, demonstrating progress against its short- and long-term ESG (Environmental, Social and Governance) goals. The report confirms progress in building a more sustainable snacking company, grounded in creating long-term value for both the business and its stakeholders. Mondelēz International remains focused on leading in areas where the […]

Prime Kapital, one of Central and Eastern Europe’s largest real estate developers, investors, and operators, has received the building permit for Pleiades Residence in Ploiesti which would be the first ‘car-free’ and green project in the city, and will start construction by end of Spring.   Pleiades Residence is the residential component consisting of 498 […]

Romania’s economy is expected to slow down its growth to 2.6% in 2022 after advancing 5.9% in 2021, the European Commission (EC) said in its Spring 2022 Economic Forecast report released on Monday (May 16).

Theodor Artenie, Head of Tax Practice at Noerr, will be a speaker at BR’s Tax, Law, and Lobby 2022 conference, where he will take part in the first debate of the day dedicated to taxes.   Among the subject tackled by him will be the issue of Internal Fraud vs Tax Evasion, a hot topic in the […]

Fondul Proprietatea published its financial results for the first three months ended on 31 March 2022. The Fund’s share price registered a strong performance in the first three months reaching a price of RON 2.11 at 31 March 2022, a record high value which implied a trading discount of 4.26%, based on the latest NAV available […]

Deloitte Romania and Reff & Associates | Deloitte Legal has assisted ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, in acquiring Dial, a Romanian company with over 20 years of experience in manufacturing wire products, such as fence panels.

European IT company Cegeka has expanded its cyber security services with the introduction of its latest solution, the C-SOR2C (Cyber Security Operations and Response Centre). C-SOR2C covers all activity related to monitoring, detecting and responding to cyber security incidents. The launch was announced by Cegeka at the 2022 Cybersec Europe Forum. The importance of cyber […]

One United Properties the leading Romanian green developer of residential, mixed-use and office real estate, recorded a consolidated turnover of 70.5 million euro in the first three months of 2022, an 81% increase compared to Q1 2021. The gross profit increased almost fourfold in Q1 2022 compared to Q1 2021, reaching 42 million euro, while the […]