Romania Feed

THR Marea Neagra, controlled by Transilvania Investments, announces it has signed leasing contracts for three assets part of its portfolio.

Sweden’s Electrolux is set to lay off part of the staff of Satu Mare cooker plant.

The year 2022 saw an average daily traded volume of all instruments on the Bucharest Stock Exchange of RON96.8 million (EUR19.6 million), having increased for the third year in a row.

Romania has four high risks and seven moderate risks to its financial stability, the latest survey of its central bank among the main banks on the local market by assets shows.

The Board of Directors of auto parts manufacturer Altur Slatina (ALT.RO) has informed the capital market that it approved the opening of general insolvency proceedings, in line with a report sent to the Bucharest Stock Exchange.

Candy Cat Ro, a Dutch-held company run by Ukrainian-born Romanian citizen Oksana Roman, has developed in Romania over the past year a network of almost 20 candy stores, as per data on the company website and from the country's Trade Register.

Up to 5% of the world’s total gross domestic product (GDP) may be attributed to illicit proceeds from criminal activity, according to the World Economic Forum.

Romania's foreign exchange reserves stood at EUR46.63 billion on December 31, 2022, up 15% versus the end of 2021 and 2% above the level recorded on November 30, 2022, central bank data showed Tuesday.

New passenger car registrations reached 129,328 units in 2022, up 6.7% from 2021, namely 121,208 units, according to carmakers’ association ACAROM and DRPCIV.

Real estate developer Belgian Atenor has signed a contract regarding its intention to sell the office compound @Expo of Bucharest’s Expozitiei area to Adventum Group.

ETI European Food Industries, part of Turkey’s group ETI, in November got a capital infusion of above RON188 million (EUR25 million), in line with Trade Registry data.

Banca Transilvania, Romania’s largest lender by assets, has revised its forecast on the evolution of Romania’s economy and sees the country’s GDP growth tempering at 4.6% in 2022 and at 2.4% in 2023, as compared to 5.1% in 2021.

CEC Bank secured approval from the Luxembourg Stock Exchange at the end of December for its multi-year bond prospectus and successfully placed the first tranches this week, through a private placement to professional investors, in lei and euro, for a total amount of RON656.6 million.

Romania’s active population is 8.185 million people, respectively 42% of the total number of residents, consisting of 7.68 million employed people and 496,100 unemployed, in line with the first provisional data of the population census conducted in 2022 and released on Dec 30, 2022 by Romania’s statistical board INS.

Real estate developer Impact Developer & Contractor (IMP.RO) notified the Bucharest Stock Exchange on Friday, December 30, that its second largest shareholder Adrian Andrici’s stake had dropped below 15% to 13.11% on July 27, 2022.

EximBank completed the merger by absorption with Banca Romaneasca and will enter the retail market in Romania on December 31, 2022, becoming a full-service bank.

The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, will grew to 5.71% starting January 1, 2023, from 4.06% at present, in line with central bank data.

In 2022, Romania’s finance ministry has approved financial state aid worth RON2.8 billion for 65 investment projects that will generate more than 9,500 new jobs, the ministry announced on Friday (Dec 30).

The number of newly established companies went up by 3% in the first 11 months of 2022, to almost 144,000 entities, a result that will turn 2022 into a benchmark year in terms of entrepreneurship, with the mark of 150,000 firms and PFAs set to be reached at yearend, in line with ZF estimates.

Raiko Transilvania (RKOT.RO), a rainwater and roofing systems manufacturer listed on the AeRO market of the Bucharest Stock Exchange, said on Dec 29 that the company’s sole administrator, Tomasz Kurcin, who controls the company via other company, sold his holding of 18.34% within multiple sale and purchase deals carried out between February and October 2022.