Romania Feed

Polish real estate developer Scallier, one of the most dynamic investors in small and medium-sized retail parks, plans to expand its presence on the Romanian market where it holds three projects by opening new retail parks by the end of 2022.

Romania's central bank on Tuesday (April 5) raised its benchmark interest rate to 3% a year from the current rate of 2.5% a year, starting April 6, 2022.

The global initial public offering (IPO) saw a significant slowdown in the first quarter of 2022, after the record highs in 2021, as volumes dropped by 37% in in January-March and revenues by 51%, according to an EY analysis.

TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported a net profit of EUR27.5 million at end-2021, the best result ever, up 39% versus 2020, the lender said in a statement.

First Bank offers loans with 50% discount for companies that want to install photovoltaic panels to recover their electricity costs. Thus, companies can become prosumers and, by implementing green solutions, recover up to 100% of these expenses.   According to the new updates of the current legislation, by installing photovoltaic systems (panels), more companies will […]

Carrefour Romania announces steps for the integration of Ukrainian people on the labor market, by opening 200 universal commercial worker positions in its network of hypermarkets, supermarkets and Supeco stores, meaning approximately 260 units.   The positions and responsibilities are detailed on the Carrefour website, in the Careers section, as well as on the OLX […]

Agricola Cereal Sud cooperative of Olt county, created five years ago, in 2021 posted RN41.7 million turnover, 6.6 times more than in the previous year.

AVstore, a retailer specializing in the sale of audio-video equipment, has opened two stores in Bucharest.

MedLife group expects turnover to top RON1.6 billion in 2022, up 13.7% from the previous year, in line with the budget published by the healthcare operator for this year.

Tema Energy, a Romanian data center developer, aims to increase its turnover by 10%-15% annually over the next five-ten years and expand regionally in 2-3 years.

Josephine Payne, Ford Romania president, says the new $300 million investments in Craiova have already been kick started and they are underway.

eMAG, the biggest player in Romania’s online retail, wants Freshful, the group’s project in the field of food retail, to come to a 5% market share in the next five years and 10% in the next decade.

Danin ND Com Romania, which has produced clothes in a lohn system since 1998, has launched its own fashion brand, Resense, after orders from foreign clients were cancelled or put on hold during the pandemic.

Romania's finance ministry raised 221.2 million lei (EUR44.7 million) on Monday (April 4) selling bonds maturing in 2036, at an annual average yield of 6.48%.

Law firm Dentons said in a statement that it advised Romanian natural gas producer and supplier Romgaz (SNG.RO) on contracting a credit facility worth EUR325 million to partly fund the acquisition of the stake held by US’ Exxon in the Neptun Deep gas exploration and drilling project in the Black Sea.

Nuvias Group, the European distributor of value-add IT solutions, is bolstering its investments in Eastern Europe with the acquisition of Romanian company NetSafe, a distributor of value-add IT solutions and products on the segments of security, networking and wireless equipment solutions.

Iulius Group, controlled by entrepreneur Iulian Dascalu, has announced investments of over EUR500 million, in partnership with Atterbury Europe, in an ample urban reconversion project targeting the Carbochim industrial platform in Cluj-Napoca, in line with data provided by company officials in a press statement on Monday.

Rompetrol Rafinare, a member company of the KMG International Group, successfully completed the turnaround of the Petromidia Navodari and Vega Ploieşti refineries and initiated the procedures for restarting the production units, the company said in a stock market report on Monday.

Real estate developer Speedwell has moved its headquarters to Bucharest-based MIRO Offices building where it leased a total surface area of 630 square meters.

YOLO Media, a PR agency founded in Romania in 2011 by Sorin Dutoiu and Christian Stan, has opened its first office in the United Arab Emirates (UAE).