Romania Feed

easySales, the solution of automating and centralizing eCommerce activities, founded in 2019 by Ciprian and Iulian Cazacu, will set off a financing round on May 6, through equity crowdfunding platform SeedBlink, in order to raise EUR350,000, under the form of a convertible loan, in exchange of 8.05% of the shares.

Romania’s government debt reached 4.2% of the gross domestic product (GDP) in the fourth quarter of 2020, compared with the third quarter of 2020, being the country with one of the largest increases in government debt-to-GDP ratio, during the mentioned period, per data from Eurostat, the statistical office of the European Union.

Ford’s Craiova plant along with the plant in Cologne, Germany, will be the least affected by the microchip crisis, as other plants of the carmaker experience even more than 20 days of production stoppages in 2021.

The development strategy of DerTour, the travel unit of the Eurolines group which Germany’s Der Touristik group bought in 2019, is to open new agencies in shopping centers and office buildings, says Cosmin Marinof, DerTour managing director.

Pharmaceutical wholesaler Novoline ended 2020 with some RON160 million revenue, an increase of 30% on 2019.

Romanian airline Blue Air has announced the launch of direct flights from Cluj-Napoca to Paris Charles de Gaulle, starting Friday (April 23, 2021).

Private medical services provider MedLife (M.RO) said in a stock market report Friday that NN pension funds, namely, Fondul de Pensii Facultative NN ACTIV, Fondul de Pensii Facultative NN OPTIM, Fondul de Pensii Administrat Privat NN and NN Investment Partners B.V. reported on April 22, 2021 a combined holding of 15.04% of the total voting rights in MedLife, respectively, 20 million voting rights.

Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) said in a stock market announcement on Friday that it extended the suspension of the notice of termination for the construction of the Iernut power plant.

River Development has sold The Light One office building in western Bucharest to UNIQA Real Estate, the real estate arm of Austria's UNIQA Insurance Group.

Jobs in sales, finance, accounting, and management were the most sought-after by applicants in the first quarter of the year,data from online recruiting platform BestJobs showed Friday.

Agribusiness group Rodbun is preparing an investment of up to EUR20 million in building the largest logistics park in Romania’s agricultural sector with an area of more than 40,000 square meters in Braila County, chief commercial officer Octavian Petrescu said.

OMV Petrom, the largest energy company in South-Eastern Europe, will act as operator for Neptun Deep block if ExxonMobil accepts Romgaz' offer for its 50% stake in the gas exploration and drilling project in the Black Sea.

Spanish-held Inditex, the leader of Romania’s fashion retail market had 2,200 employees at the end of last year compared with some 3,000 before the pandemic, that is at the end of 2019, its reports show.

Sibiu-based company Moara Cibin (MOIB.RO), part of milling and bakery group Boromir, had a turnover of RON111 million (EUR22.8 million) in 2020, up 2% on the year, per calculations by Ziarul Financiar (ZF) based on data from the company’s annual report and on finance ministry data.

Sugar producer Tereos Romania, the local division of French giant Tereos, had a turnover of nearly RON158.8 million (some EUR33 million) in 2020, down 12% on the year, per calculations by Ziarul Financiar (ZF) based on finance ministry data.

Travel agency Eximtur, held by the Morariu family, had revenues of RON9.5 million in 2020, down 64% from RON26.4 million in 2019.

US fast food restaurant brand Buger King, brought to Romania in franchise system by Poland’s AmRest Group, is opening a new unit in Bucharest’s Victoriei Square, in the vicinity of the Romanian government building, which is the brand’s seventh restaurant in Romania.

BRD Groupe Société Générale, the third largest lender on the Romanian market by assets, received shareholders’ approval on April 22, 2021 for the distribution of a gross dividend of RON0.0749 per share, the equivalent of a 0.5% yield.

Romania's finance ministry on Thursday raised a planned 300 million lei (EUR60.9 million) selling bonds maturing in October 2034 at an average yield of 3.86%, central bank data showed.

Sporting goods retailer Hervis Romania, the local division of Austrian group Spar, will be opening a store in Craiova, within the Electroputere Parc shopping center operated by French real estate group Catinvest.