Romania Feed

The Promateris Group closes 2020 with EUR 23.7 million in consolidated sales, an increase of 39% compared to the previous year. The growth is largely generated by the increase in production of biodegradable and compostable packaging. Promateris thus strengthens its position as a regional leader by developing distribution channels in Central and Eastern Europe, in […]

Eurohold AD, the largest public holding in Bulgaria and one of the leading independent business groups operating in Southeast Europe, plans to increase its capital by issuing new shares on the Bulgarian Stock Exchange (BSE), which will allow the company to raise up to EUR 100 million. The proposal will be voted at an extraordinary […]

Romanian software developer Life is Hard (LIH.RO) reported a net profit of RON1.12 million for 2020, down 21.13% compared with 2019.

InteRo Property Development, owned by Canadian Topolinski investors family, diversifies activities by establishing an investment division, as part of its long-term strategy to consolidate its presence in Romania and bring new, high-quality real estate projects to a developing, promising market.   The Investment arm – InteRo Property Development Investment Group – will address potential partners […]

Around 83% of Romanians are trying to set aside more money to adapt to pandemic-driven uncertainties, compared with a European average of 66.5%, a recent global survey by ING found.

Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and provider of training services in the IT sector, announced Tuesday on the stock market the early close of Stage 2 (private placement) of the capital increase operation with new cash contributions of RON491,645.

Banks still dominate the financial sector, but things will change very soon as fintech is the future, said the representatives of the banking and fintech industry in Romania and the region during the NEXT FinTech – The Bridge to Inclusive Finance, the finale of the most important acceleration program for fintech startups in Romania.   […]

Romania's competition authority said Tuesday it was analyzing the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania.

All business owners know that the key to success is maintaining and building a solid customer base. Whether you sell a product or service, clients are at the crux of everything you do, and each decision you make. Small businesses have faced challenging times in recent months and many are pulling out the stops to […]

Regional investment fund SIF Moldova (SIF2.RO) has received the approval of Romania’s Financial Supervisory Authority (ASF) to change its name to Evergent Investments, a measure proposed and approved by the company’s shareholders in the autumn of 2020.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reaching 1.68% a year on Tuesday (March 2).

Point Development, the local subsidiary of the Israeli group Shikun & Binui, has successfully completed the LEED certification process for the second construction stage of its resi-scheme City Point. At the end of last year, the project received the LEED for Neighbourhood Development: Plan and Design (LEED-ND) certificate on behalf of the US Green Building […]

Packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast and held by businessman Florin Pogonaru, ended 2020 with consolidated sales of RON116.1 million, up 39% from 2019, an evolution largely influenced by the production of biodegradable and compostable packaging.

The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s decline. Even though the rebound will not be complete but gradual, the signs are good.

Corrugated cardboard and toilet paper producer Vrancart Adjud (VNC.RO), owned by SIF Banat-Crisana and Paval Holding, ended 2020 with a net profit of RON18.4 million, down 44.5% from 2019, and revenue of RON285.6 million, down 5% on the year, per calculations by Ziarul Financiar based on the company’s annual preliminary financial report.

Agroland Timisoara (AG.RO), the Romanian company with the largest network of agricultural stores in Romania, was listed on the Bucharest Stock Exchange (BVB) on March 1, 2021 and closed at RON21.2 per share after its first trading session.

In 2020 the local market of e-commerce (purchases from Romanian merchants), e-tail and services, amounted to approximately EUR 7 billion, an increase by 36% compared to the previous year, based on the analyses of both external and internal data made by PayU, the leader of the online payements market in Romania. “E-commerce is one of […]

Bittnet Systems (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, on Monday announced the signing of an M&A investment agreement with the shareholders of Servodata (a company operating in the Czech IT&C industry).

Romanian cybersecurity company SafeTech Innovations (SAFE.RO) reported consolidated revenue of RON14.7 million for 2020, up 43% versus 2019, and a net profit of RON3.1 million, up 148% on the year.

Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget for 2021 and envisages a turnover of RON35.4 million and a net profit of RON23 million.