Romania Feed

OTP Bank Romania, the local subsidiary of Hungary’s largest banking group posted RON15 million loss in the first three quarters of 2022, largely due to the increase in total provisions to RON151 million, RON58 million of which set aside in the third quarter, the group’s report says, which presents the consolidated results adjusted in accordance with the group’s standards.

Romania's finance ministry raised RON3 billion on Thursday (Nov 10) through two government paper auctions, at annual average yields of 8.83% and 8.74%.

ROCA Agri RDF, the agricultural holding developed through the partnership between ROCA Investments and RDF SA Arad, ended the first nine months of 2022 with a turnover of over EUR100 million, up 45% on the year, while its operating profit stood at EUR4.7 million and its net profit reached EUR2.7 million at end-September 2022.

Romanian Software SRL, a leader in the human resources software market through its colorful.hr platform, has announced a partnership with Salarium, the first application for on-demand salary in Romania.

Office space rents in capital Bucharest remain among the lowest at both regional and continental levels, which, along with the workforce availability and the competitive salary costs, represent a major point of attraction for tech companies, according to data from real estate consulting firm Cushman & Wakefield Echinox.

The European EIT InnoEnergy Group is to become a shareholder of Prime Batteries Technology in Ilfov County, its representatives announced in Brussels on Thursday.

The asking rental prices for new apartments in Bucharest continued their upward trend in the third quarter of this year, compared with the same period last year, a survey by Premier Estate Management and Imobiliare.ro shows.

Global travel site Big 7 Travel and car comparison specialists EnjoyTravel have jointly conducted a study on the world's best places to retire and found Romania is a top choice.

Ride-sharing company Uber is available in Suceava as of November 10, 2022, reaching 22 cities in Romania at present.

Most (70%) of companies participating in a recent survey by online recruiting platform eJobs said they would offer extra pay to their employees during the Christmas season this year.

The Bucharest Stock Exchange (BVB), a fundamental institution for the capital market, is celebrating 140 years since the founding of Romania’s first stock exchange. On the 1st of December 1882, the stock and commodity exchange began trading in Romania following a High Royal Decree issued by King Carol I.

Carbochim Cluj-Napoca, Romania’s largest professional abrasives producer, indirectly controlled by businessman Iulian Dascalu, owner of Iulius Group, posted RON1.35 million profit in the first nine months of 2022, from just RON45,323 in the same period of last year.

Romania comes 31st in a ranking of the 42 European countries in terms of purchasing power, with an average of EUR8,017/capita in 2022, representing 49% of the European average, reveals a GfK survey.

Transilvania Broker de Asigurare, one of the largest insurance brokerages in Romania, posted net profit of RON7.96 million in the first nine months of 2022, up 50.6% from 2021 period.

Agroland group will continue to step up investments, a move started three years ago as in the next two-three years there will be new development opportunities for agribusinesses, believes Horia Cardos, CEO and founder of the group.

PGS Sofa & Co, controlled by Parisot family of France, currently has 63 jobs available at its plant of Biharia, Bihor plant.

Trend Furniture, a Cluj-based furniture producer, expects a 125% revenue increase in 2022 from 2021, meaning turnover will reach RON25 million.

2022 has been a good year for footwear retailer Benvenuti, with sales expected to top 2019 level, of RON132 million, by around 10%.

Transport and logistics company SLS Cargo wants to expand internationally, both with offices and own warehouses, with Bulgaria as one of the targeted markets.

eMAG, the largest local online retailer and one of the biggest actors in the region, expects sales to exceed EUR1 billion by the end of 2022, CEO Tudor Manea said on ZF Live show.