Romania Feed

Romanian brick manufacturer Cemacon Cluj Napoca (CEON.RO) said Wednesday it was investing in a new, eco-friendly ceramic coating production line in a project project co-financed under the EEA Financial Mechanism 2014-2021 under a contract concluded with Innovation Norway as program operator.

Sapte Spice, one of the largest manufacturers on the Romanian milling market, is investing EUR2.5 million in 2021 in developing new products and in automation, according to company representatives.

PwC Romania on Wednesday said Doina Birsan would become Partner within the company’s Audit Practice and would be running the Audit Department in the Republic of Moldova.

Mercedes-Benz Vans Romania on Wednesday announced that Alexandru Rugina would be taking over as the company's Chief Operating Officer (COO), effective July 1, 2021.

Private lending in Romania grew 0.9% in nominal terms and 0.4% in real terms in May compared with April, to RON296.269 billion, central bank data showed Wednesday.

Bergenbier SA, part of the group Molson Coors Beverage Company, on Wednesday said it ended 2020 with a turnover of RON653 million, slightly higher than the level reported in 2019.

French real estate group Catinvest will start construction works in July to expand the Electroputere Parc shopping center in Romania’s southern city of Craiova by an additional 5,500 square meters of retail space and five new restaurants, of which three will have outdoor terraces.

The Black Sea Trade and Development Bank (BSTDB) is providing a corporate loan of USD40 million to Romanian aluminum producer ALRO for its capital investment program, the lender said Wednesday.

Michele Nusco, the Italian entrepreneur who owns door maker Pinum and real estate developer Nusco, plans to deliver at least 300 apartments a year in Pipera, northern Bucharest, over the next ten years.

Grain trader Cereale Colect Distribution in Tulcea County has earmarked RON40 million for investments in 2021. The company intends to boost storage capacity by 40% to 300,000 tons and expand the vehicle fleet to 150, among others.

Romanian real estate developer One United Properties (ONE.RO), currently running an IPO in view of capital market listing, has bought a 21,160 sqm plot of land in the proximity of Lake Tei in Bucharest for EUR15 million.

OMV Petrom, the largest energy company in South-Eastern Europe, announced Tuesday it has obtained a license to commercialize liquefied natural gas (LNG), thus diversifying its activities on the gas market and related products.

Romanian bathroom furniture maker Savini Due in Sebes, controlled by Italian businessman Piersante Savini, registered sales of RON131 million in 2020, 2% higher compared with 2019.

Shareholders of Romanian state-owned power grid operator Transelectrica (TEL.RO) have approved in their general meeting of June 22, 2021 both a gross dividend of RON0.28 per share, which was initially set, and an additional dividend of RON0.59, requested by the Romanian State, which is the company’s majority shareholder.

Romania, Bulgaria and Poland have the lowest price levels for consumer goods, half the European average, while Denmark, Ireland and Luxembourg have the highest price levels, way above the EU average, data from Eurostat, the statistical office of the European Union, showed Tuesday.

Evergent Investments (the former SIF Moldova) has become a shareholder in Agroserv Mariuta (MILK.RO), the dairy processor of Laptaria cu caimac, per a stock market report.

Romania’s central bank has approved the appointment of Mustafa Tiftikcioğlu to the position of CEO of Garanti BBVA Romania.

Shared services centers (SSCs) are increasingly investing in strategic capabilities to create value for parent organizations, as most of them (87%) are focusing on expanding remote working capabilities to ensure business process continuity, 61% are working on accelerating digital agenda, and 59% intend to increase virtual practices, due to the impact of COVID-19 pandemic, according to the 2021 Deloitte Global Shared Services and Outsourcing Survey conducted on over 600 leaders in 45 countries, including Romania, with shared services locations across nearly 75 countries.

The shares of Cluj-based dairy producer Bonas Import Export, held by the Nas family, will start trading on the alternative trading system AeRO of the Bucharest Stock Exchange, under the ticker symbol BONA.

Appraisal & Valuation, the holder of the NAI Romania brand, active on the appraisal market, has raised RON4.4 million following a private stock placement carried out on June 18 and the shares issued are to be listed on the alternative trading system AeRO of the Bucharest Stock Exchange, under the ticker symbol APP.