Romania Feed

Chimcomplex, the leading producer and supplier of vital chemical substances in the region, in the first nine months of 2022 registered RON182 million net profit, down 56.9% from the same period of 2021.

The net profit of Romania’s banking system hit a new record high at the end of the first nine months of 2022, of RON7.6 billion, up around 20% from the year-earlier period, as lending advanced by an average pace of 16% year-on-year.

Kotar, a Polish manufacturer of thermal insulation systems, wants to start production activities in Romania after having been only a wholesaler locally. The company leased a 2,250-sqm area near Timisoara, in Sanandrei locality.

Danube freight carrier Transport Trade Services (TTS.RO) posted consolidated revenue of RON664.3 million in January-September 2022, up 47.3% from the same period last year, its report to the Bucharest Stock Exchange shows.

Forty Management, one of the leading real estate developers of mixed-use and urban redevelopment projects in Romania, has completed the sale of 1,220 square meters of retail space located in its mixed-use urban developments - Central District 4 Elemente, Central District Cuza 99 and Central District Viitorului 134, which generated a cumulative revenue of EUR3.3 million excluding VAT.

DP World, one of the world's largest port operators, is developing a RORO (Roll-On, Roll-Off) terminal and a project cargo terminal in the port of Constanta, in a $75 million investment using its own funds and European grants.

The Bucharest office of CEE / SEE law firm Wolf Theiss has announced that Adina Aurel and Mihai Coada were promoted to Counsel position within the Wolf Theiss team in Bucharest.

Bucur SA Bucuresti (BUCV), a company engrossed in selling food products, spirits and coffee, and in property lease, had revenue of RON7.06 million in the first nine months of 2022, higher by 6.5% than in the year-earlier period.

Altius, an importer and distributor of veterinary medicines and veterinary medical equipment, has acquired 60% of the shares of Petmart Online, a business operating on the segment of online distributors of products for animals.

The real estate division of investment firm Oresa, Oresa Industra, will build a new facility in the SOLO logistics park in the Letcani commune in Iasi County, continuing development in Romania.

Premier Energy, one of the leading natural gas suppliers in Romania, which manages a piping network of over 2,500 km, has secured a loan of EUR30 million from the European Bank for Reconstruction and Development (EBRD).

E.ON Energie Romania is going to build six photovoltaic power plants for the production units of Transavia, the largest poultry producer in Romania, and the total value of green energy production projects exceeds EUR2.9 million.

NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe and the largest shopping mall owner in Romania, has opened flexible office spaces in five shopping centers in Romania.

Holcim Romania is developing a photovoltaic (PV) power plant with an installed capacity of almost 0.999 MWp at its cement plant in Alesd, Bihor County.

Automobile Dacia and Ford, Romania’s two carmakers, manufactured 425,423 passenger cars in the first ten months of 2022, almost 30% more than in the year-earlier period, in line with data provided by Romania’s carmakers association ACAROM.

Pharmaceutical company Zentiva (SCD.RO), held by investment fund Advent International, registered a net turnover of RON538 million in the first nine months of 2022, up 7% on the year, as per the company’s financial report sent to the Bucharest Stock Exchange on Wednesday (Nov 16).

Transport Trade Services (TTS), the biggest integrated freight shipper on the Danube, recorded consolidated revenue of RON664.3 million in January-September 2022, up 47.3% on the year, as per its financial report sent to the Bucharest Stock Exchange.

Building materials producer Cemacon Cluj, a company controlled by Paval brother, owners and founders of DIY network Dedeman, in the first nine months of 2022 posted RON178 million turnover, up 34%, and RON61.2 million profit, 45% higher than in the same period of 2021.

Cometex, a real estate developer part of Altex group, has completed the sale of Bucovina shopping centre of Suceava to businessman Andrei Mandachi, with the value of the deal standing at EUR7 million.

Meta Estate Trust, a holding company operating in the real estate field, present on the SMT-AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2022 with total revenues worth RON11.3 million, more than six times higher than in the same period of 2021, and net profit of RON3.7 million, shifting from losses (RON699,266) to profit.