Romania Feed

Construction material manufacturer Cemacon Cluj-Napoca (CEON.RO) ended 2021 with a turnover of RON176 million, up 41% from 2020, and a net result of RON72 million, up 146% on the year, in line with the company's financial report.

Promateris (BVB: PPL), a Romanian industrial group and leader in the CEE region in producing biodegradable and compostable packaging, reports a consolidated turnover of 37.8 million euros in 2021, up 62% from the same period last year. The group, including the distribution company Biodeck, recorded a consolidated EBITDA of over 6 million euros, 129% more […]

Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) said its profit halved to almost RON7.7M in 2021 from RON18.6 million in 2020, amid 68% higher raw material costs in 2021 against 2020 and revenue growing at a slower rate, of 30%, compared to expenses, putting pressure on the operating result, in line with the company's financial report.

AROBS Transilvania Software (AROBS.RO), the largest company listed on the AeRO market of the Bucharest Stock Exchange ended 2021 with RON172.5 million operating revenue at individual level, an increase of 10% on 2020, the company’s preliminary 2021 financial report shows.

Promateris (PPLRO), a Romanian industrial group and leader in the CEE region in producing biodegradable and compostable packaging, posted EUR37.8 million consolidated turnover in 2021, up 62% year-on-year, its preliminary annual financial report published on the Bucharest Stock Exchange says.

Grup Serban Holding, a Romanian entrepreneurial company active in several fields in the agricultural sector, debuted on Monday (Feb 28) on the AeRO market of the Bucharest Stock Exchange, under the stock ticker GSH.

BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange, ended 2021 with a net profit of RON23.2 million, up 1.138% from the 2020 level,

Wine producer Purcari ended 2021 with a net profit of RON41 million, down 31% from 2020, and revenue of RON244.5 million, up 20% versus 2020, in line with its preliminary financial results.

Orange, the leader of the local telecom market, has announced the start of a new phase of its integration plan with the former fixed telephony monopoly Romtelecom, after having bought the majority stake in it from Germany’s Deutsche Telekom and Greece’s OTE.

Insurance company Allianz-Tiriac on Monday said it ended 2021 with underwritten gross premiums of over RON2 billion, up nearly 55% versus 2020, and an operating profit of RON162 million.

Stay Fit Gym, the second largest gym chain in Romania, on Monday announced the full takeover of Neby Fitness, a center in the Domenii area in capital city Bucharest.

Hidroelectrica, Romania’s biggest power producer, on Monday reported record financial results for 2021, ending the year with a turnover of RON6.3 billion, up 63% from 2020, and an operating profit (EBITDA) of RON4.7 billion, up 71% on the year, in line with an annual report released Monday by Fondul Proprietatea (FP).

With high input prices expected to persist until H2 2022, companies’ cash balances are key to cushioning the blow. Fortunately, these stand more than EUR690bn above pre-crisis levels in the Eurozone and more than USD 765bn in the US. In addition, since 2021, firms have also been increasing capex, mostly in reaction to supply-chain disruptions […]

Fondul Proprietatea (FP.RO), an issuer with exposure to the strategically important companies of the Romanian economy, ended 2021 with RON5 hillion net profit, compared with a RON103 million net loss in 2020, its annual audited IFRS-compliant report submitted to the Bucharest Stock Exchange shows.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, advanced to 3.83% a year on Monday (Feb 28, 2022) from 3.78% a year on Friday (Feb 25), in line with central bank data.

Romania's finance ministry will be launching three new bond issues for the general population, under the Tezaur program, on Tuesday (March 1, 2022), which can be subscribed until March 25.

Stay Fit Gym, the second largest chain of gyms in Romania, after the number of open centers, announces the full takeover of Neby Fitness, a center in the Domenii market area of ​​Bucharest. This is the first M&A transaction made by Stay Fit Gym after the private equity fund, Morphosis Capital, became a shareholder in […]

Techcelerator brings to Romania and Bulgaria the Venture Program, the pre-acceleration program launched by EIT Digital, developed to support early-stage entrepreneurial teams on their journey to market. The program is open to teams from the Baltics, Eastern Europe and Southern Europe (full list of 19 countries here).  Entrepreneurial, non-incorporated teams with digital deep tech business […]

Romanian pharmaceutical products manufacturer Biofarm (BIO.RO) on Monday said it ended 2021 with a turnover of RON239 million, up 10% on the year, and a net profit of RON60 million, up 11% from 2020.

Plastic packaging producer Romcarbon Buzau (ROCE.RO) on Monday said it ended 2021 with a loss of RON1.44 million compared to a net profit of RON869,104 in 2020, as a result of the registration of the depreciation of the financial investment in Livingjumbo Industry SA, in the amount of RON6.4 million, in line with its preliminary financial report.