Romania Feed

Automotive industry wiring producer Leoni Wiring Systems Pitesti, part of Germany’s group Leoni, currently has 300 jobs available at the wiring system plant of Bascov, Arges county.

Poland’s alternative payments company PayPo, which provides buy now pay later-type solutions, wants to launch a mobile app on the Romanian market in 2023, set to facilitate so-called delayed payments in Romania’s offline commerce, explained Raul Durma, general manager of PayPo Romania

Diehl Controls, a German manufacturer of components for household appliances, will invest around EUR40 million over the next ten years in an R&D center and production facility to be developed in Brasov.

Smithfield Europe, a subsidiary of US-based Smithfield Foods, has entered into an agreement to acquire Goodies Meat Production SRL, a Romanian producer of private-label meat products for the retail channel, it said in a press release sent to Mediafax.

The Coca-Cola System – Coca-Cola Romania and Coca-Cola HBC Romania, invested EUR37.5 million in the development of its production capacity, local operations and equipment purchases in 2021.

Paval Holding (owner of DIY retailer Dedeman) has signed the agreement to buy CA Immo’s office space portfolio in Romania, marking a record for a Romanian investor.

The Board of Directors of rolling stock manufacturer Atelierele CFR Grivita (ATRD.RO) has called shareholders for a general meeting on December 23, 2022 to have them vote on the distribution of RON6 million dividends or a gross divided of RON2.35122/share.

Real estate developer Genesis Property has completed the largest renewable energy project in an office park in Romania, in its YUNITY Park (Novo Park) complex in northern Bucharest, following a EUR1 million investment.

Romanian agribusiness company Holde Agri Invest reported RON86.5 million revenues in January-September period, up 84% from the year-earlier period, with the company exploiting a total area of 12,300 hectares, up 45%.

Italy’s Enel, the biggest private investor in electricity distribution, will withdraw from Romania starting next year, reads an official statement of the group.

Major retail networks in 2021 registered overall turnover almost 20% higher than in 2019, a pre-pandemic year, 60% above the consumption growth rate of the past two years (12.5%) and above the overall inflation of 2020-2021, of 7.8%, reveals Romania Retail Snapshot survey carried out by Cushman & Wakefield Echinox.

Unirea Shopping Center, a company managing two shopping centers in Brasov and Bucharest, has decided to sell the Brasov mall.

SIF Hoteluri, a company owned by SIF-Banat Crisana, has sealed a contract for the sale of DoubleTree by Hilton hotel of Oradea for EUR11 million.

Romanian prime minister Nicolae Ciuca announced state pensions will rise by 12.5% starting January 1, 2023.

Italy’s De’Longhi, a maker of home appliances, among which espresso machines and blenders, has invested EUR126.5 million in the first nine months of the year, most of which in Romania, where it owns three plants – in Jucu (Cluj County), in Madaras (Bihor) and Satu Mare.

Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, announced in a stock market report on Monday that it concluded a contract worth EUR17.5 million with Grunman Energy, part of the Paval Holding group.

Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, ended the first nine months of 2022 with a net profit of RON1.4 million, up 10.8% on the year, and a turnover of RON38.1 million, up 19.1% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s quarterly financial report sent to the Bucharest Stock Exchange.

Verdino, a startup co-founded by entrepreneurs Raul Ciurtin and Eberhart Raducanu, which makes pea protein-based foods, said it would invest EUR4 million in expanding the production line and the brands in its portfolio, with focus on developing a new range – breaded products and ready-to-eat snacks.

Three out of ten smartphone users in Romania (31%) are considering subscribing to 5G services in 2023, in line with data centralized in the Ericsson ConsumerLab report “5G: The Next Wave.”

Conrep SA, a construction company based in Maramures and held by several associates, saw its turnover going up by 67% year-over-year to RON72.3 million in 2021, thus becoming one of the companies in the field of constructions with the biggest annual increase.