Romania Feed

Private lending grew by 2.1% in nominal terms and 1.1% in real terms to RON306.590 billion in July 2021 compared with June 2021, central bank data showed Tuesday.

Holde Agri Invest, a Romanian company operating farmland, said in a stock market report Tuesday that it finalized the acquisition of Agrocom Exim Prod SRL and the full integration of the Videle farm into its structure. The transaction amounts to RON14.3 million for 2,400 hectares of land under lease.

Deloitte Romania strengthens its management team by promoting four employees to the position of directors in the risk advisory, tax, financial advisory and audit and assurance practices, following their contribution and commitment to serving clients and to developing their teams. Andrada Tanase has been promoted to Director in the Risk Advisory practice, Monica Tariuc has been named a Global Employer Services Director within the Tax practice, Vlad Balan has been appointed Financial Advisory Director, and Ion Efros, Audit and Assurance Director, effective September 1, 2021.

Sphera Franchise Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, will benefit from the Issuer's Market Maker (IMM) services provided by BRK Financial Group (BRK), starting August 24, 2021, in order to increase the liquidity of shares traded on the Bucharest Stock Exchange.

Romanian software development company Softbinator Technologies wants to list its shares on the alternative trading system AeRO of the Bucharest Stock Exchange, under the ticker symbol CODE, until the end of 2021.

The number of workers in constructions, an industry pummeled by labour shortages in recent years, last year went beyond the 400,000 threshold, reaching over 416,000 people, in line with data included in the balance sheets of companies that filed 2020 reports.

Bihor-based farm input provider Agroind Cauaceu, a business founded by Corbut family, ended 2020 with turnover worth RON464 million (around EUR95 million), up 6.5% from 2019, data from financial analysis platform Confidas.ro show.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.6% a year on Monday (August 23).

Agricultural cooperative Cooperativa agricola integrata Tara Mea, headquartered in Vaslui and having over 1,000 farmers as members, this August signed a partnership with French-Belgian retailer Cora to sell its products in its Romanian store network, according to the cooperative’s representatives.

Antonio Nitu, general manager of travel agency Aerotravel, says he noticed rising demand for business travel, with Romanian small and medium-sized companies starting asking for both outbound and inbound travel packages for their employees again.

Romania’s smartphone market continues to grow and should reach EUR1.2 billion by yearend, as people allocate higher and higher budgets for premium models, since the smartphone has become a device one cannot do without nowadays, both in their personal lives and for work purposes.

Transport Trade Services (TTS.RO), the largest freight carrier on the Danube, on Monday announced it concluded the first half with RON27.3 net million profit, an increase of 44.4% on the year-ago period, while revenue went up 9.5% to almost RON274 million.

Online retailer evoMAG will be selling a part of its products via online retailer elefant.ro, starting August 2021. The partnership entails including in the offer of elefant.ro, until the end of 2021, more than 3500 products offered by evoMAG, the bulk of which are already listed.

Romania's finance ministry on Monday raised 137.6 million lei (EUR27.8 million), below the planned RON200 million, selling a new issue of bonds maturing in April 2036, at an average yield of 4.31%, central bank data showed.

Credit Europe Bank Romania on Monday reported a net profit of RON20.5 million in the first six months of 2021, up 35.23% from the year-earlier period, and revenue of RON112 million, 10% lower on the year.

Organic wine producer Vifrana (BIOW.RO) on Monday said it registered a net loss of RON594,725 in the first half of 2021, lower than the RON879,300 level reported in the same period in 2020, and a turnover of RON2.1 million, down 5.15% on the year.

Activity on the office space market remained relatively weak in the first half of 2021, with feeble signs of recovery to pre-pandemic levels, considering that companies do not yet have a clear picture of the moment in which most employees will return to the office, per a market report by real estate consulting firm Colliers for the first half of 2021.

Libris.ro, one of Romania’s largest online bookstores, is set to invest around EUR4 million over the next three years, both to expand its Brasov book warehouse, as well as in the technology area.

DN Agrar, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, has attracted RON24.8 million from investors that hold 25.7% of the share capital, following a private placement of shares.

The price of bread in Romania is almost half the European average, more exactly at 56%, in line with Eurostat data.