Romania Feed

Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, has expanded its Agroland MEGA network to 23 units across Romania after opening two new stores.

Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON107.6 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Friday (March 31).

Fitch Ratings has revised the outlooks on Banca Comerciala Romana S.A.'s (BCR) and BRD-Groupe Societe Generale S.A.'s (BRD) Long-Term Issuer Default Ratings (IDRs) to stable from negative and affirmed the IDRs at 'BBB+'.

Romanian authorities issued 2,571 residential building permits in February 2023, 27.4% fewer than in February 2022, data from the country’s statistics board INS showed Friday (March 31).

The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, grew to 5.98%, from 5.71 previously, seeing an increase of 0.27 percentage points in the fourth quarter of 2022 compared to the third quarter of 2022, in line with central bank data released on Friday (March 31).

Romania’s unemployment rate stood at 5.5% in February 2023, lower by 0.1 percentage points than 5.6% in January 2023, data from the country’s statistics institute INS shows on Friday (March 31).

Holcim Romania, the biggest building materials manufacturer locally by turnover, has leased a 2,282-sqm space in the B-office building of Oregon Park, a green certified project built in Pipera, Bucharest, and owned by Lion’s Head Investments.

Affidea Romania, the biggest player on the imaging services market, has invested EUR3 million in a new clinic located in Bucharest’s sixth district, within Sema Parc office project.

Patria Credit, a non-banking financial institution part of Patria Bank Group, in 2022 registered EUR1.55 million net profit and reported 22% portfolio expansion, to EUR32.5 million.

Sibiu-based company CON-A, which specializes in industrial constructions, ended 2022 with a turnover of EUR140 million due to an annual growth of 10%.

HCLTech, which provides consulting and IT services and has 1,000 employees in Romania, plans to expand its offices in the cities of Bucharest and Iasi and to double its staff numbers over the next two years, company representatives said in a statement.

tbi bank reported a consolidated net profit of EUR35.5 million on the markets in Southeast Europe for 2022, up 29% against the EUR27.5 million level reported in 2021.

The average office fit-out costs increased by 20-30% in 2022 amid rising prices, supply chain disruptions, higher commodity and material costs and increased labor costs; therefore, companies paid on average EUR820 per square meter of office space, as per data from real estate consulting firm Cushman & Wakefield Echinox.

MedLife, the leading provider of private medical services in Romania and the only Romanian-owned company among the top operators of private medical services, on Thursday said it completed the acquisition of 51% of the shares of Nord Group (formerly Provita) after receiving approval from the Competition Council.

CTP, the largest owner, developer and manager of industrial and logistics space in Europe, on Thursday said it acquired a portfolio of warehouses in Romania totaling over 100,000 square meters from French supply chain services company FM Logistic, which will continue as a CTP tenant for the long term.

Freight forwarder Cargo Partner Expeditii, the local subsidiary of the Austrian group of the same name, ended 2022 with a turnover of EUR92 million, as compared to EUR79 million in 2021, according to company officials and public data.

The Board of Directors of Romania’s state-owned natural gas producer Romgaz’s (SNG.RO) has approved the conclusion of a procurement contract with Spanish group Duro Felguera for the “completion of works and commissioning of the investment objective: the development of the Iernut power plant (Iernut CTE) by building a new combined cycle gas turbine power plant.

Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, targets for 2023, at a consolidated level, net sales of RON329.7 million, up 17% from the 2022 result, and a net profit of RON11.1 million, up 237% versus 2022.

In 2022, the average annual number of job vacancies in Romania was 45.1 thousand, increasing by 2.4 thousand as against the previous year.

Cybersecurity job postings managed to remain stable and even surged by 54% year-over-year in 2022, according to an analysis by leading data and analytics firm GlobalData.