Romania Feed

Agroland Agribusiness (AAB.RO), a Romanian entrepreneurial company, part of the Agroland group, specialized in the sale of inputs for agriculture, on Monday reported operating revenue of RON63.5 million for 2022, up 97% versus 2021.

tbi bank and private healthcare network Regina Maria partner up to offer a guaranteed subscription valid for one year in Regina Maria healthcare network to people who pay a treatment plan in fixed instalments through a financing plan provided by tbi bank.

Maxagro Group, which is owned by brothers Ianco and Ioji Zifceak and cultivates 10,000 hectares with grain conventionally in Timis county and 1,800 hectares in an ecological system, ended 2022 with a turnover of RON300 million (EUR60 million), up 10% year-over-year, according to company representatives.

The number of job vacancies in Romania dropped by 3.8 thousand in the last quarter of 2022 compared to the same quarter of 2021 and the job vacancy rate decreased by 0.09 percentage points, data from the country’s statistics board INS showed on Monday (Feb 20).

The volume of construction works in Romania increased, in unadjusted data, by 12.9% in 2022 compared to 2021 and was up 10.8% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.

The global index provider FTSE Russell reveals, in the semi-annual review effective from March 20, 2023, that all 13 Romanian companies included in the Global All Cap and Global Micro Cap indices dedicated to Emerging Markets will maintain their position in indices.

Plastic packaging maker Romcarbon Buzau (ROCE.RO) on Friday notified the Bucharest Stock exchange that it sold a 7,407 square meter plot in Buzau to Lidl Romania and collected the remaining RON5.2 million of the sale price, according to the pre-contract between the parties.

Danube transport company Transport Trade Services (TTS.RO) has notified the Bucharest Stock Exchange of plans to buy a port operator for EUR21.8 million to be paid in a single instalment upon the closing of the contract.

Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, announced a net profit of RON25.2 million for 2022 versus a loss of RON16.1 million in 2021, whereas its turnover dropped by 32% to RON231.5 million, as per the company’s preliminary financial report sent to the Bucharest Stock Exchange on Friday (Feb 17).

Shareholders of BRD – Groupe Société Générale (BRD.RO), the third largest bank in Romania by assets, approved at their Extraordinary General Meeting the issuance of eligible additional tier 1 instruments, up to a maximum ceiling of EUR300 million or the equivalent in lei, in the form of one or several loans.

State-run electricity supplier and distributor Electrica (EL.RO) has notified investors about several transactions between Distributie Energie Electrica Romania (DEER), its subsidiary, and Hidroelectrica, the largest local electricity producer, between February 17, 2022 and February 16, 2023.

NN Asigurari de Viata, leader of the life insurance market, ended 2022 with gross underwritten premiums of RON970 million, just 3.2% above the level recorded in 2021, in line with data from company representatives.

Romania is among the most competitive countries in Central and Eastern Europe (CEE) in terms of the retail market, as per the “Market Outlook 2023“ report by CBRE Romania, the global leader of the real estate consulting market.

E-Distributie Muntenia, the electricity distribution operator part of Enel Group, which operates in capital Bucharest and the counties of Ilfov and Giurgiu, has completed upgrade works at the Glina primary substation (Ilfov County), following an investment of over RON4.7 million.

Over two thirds (69%) of consumers globally have reduced non-essential spending and most of them (96%) have adopted cost-saving behaviors, against the backdrop of record-high prices all over the world, according to the 2023 PwC Global Consumer Insights Pulse Survey.

Deloitte Romania is expanding its cybersecurity team by appointing Andrea Multari as partner and leader of the Central Europe specialized practice, effective as of March 1, 2023.

CEC Bank, the bank with the longest history in the financial-banking market in Romania, which started to operate in 1864, is listing on Friday (Feb 17), the first two bonds issued and denominated in RON and EUR, totalling over RON650 million, on the Main Market of the Bucharest Stock Exchange.

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, has acquired a 44,863-sqm land plot located at Soseaua Progresului 56-80, in district 5, Bucharest, for EUR35 million, for a new mixed-use development, One Cotroceni Towers.

German carmaker Daimler, which owns Star Assembly company of Sebes, Romania’s third largest exporter, has started construction works for a new electric drive unit assembly plant, an almost EUR140 million investment.

Local startup Druid, founded in 2018 by local entrepreneur Liviu Dragan, plans to raise new funding this year, worth around EUR20 million, and is already in talks with investment funds of the US and Europe.