Romania Feed

The Italian group Beltrame, which also owns Donalam Calarasi steel mill, and Liberty Steel, which also owns Liberty Galati (formerly Sidex), have submitted bids for the assets of the special steel plant (COS) Targoviste, a bankrupt company administered by the Bucharest branch of bankruptcy receiver Maestro SPRL.

Stera Chemicals, one of the largest importers and distributors of chemical raw materials in Romania, posted EUR35 million revenue in the first nine months of this year, an increase of more than 120% on the same period last year. Stera Chemicals sold more than 20,000 tons of goods, about 55% more than in 2020.

Seed producer and processor Germina Agribusiness (SEOM.RO) is summoning its shareholders on January 10, 2022, to approve the reduction of the company's share capital by RON32.4 million, to RON1.35 million from RON33.7 million, by reducing the value of shares to RON0.10 from RON2.5.

Romania’s public debt has increased by RON57 billion since the beginning of 2021 and reached RON556.4 billion, namely, 50.2% of Romania’s gross domestic product (GDP) in the last four quarters, in line with data for September 2021 and released in December.

Cushman & Wakefield Echinox has appointed Cristi Moga as Head of Capital Markets. He will coordonate the activity of the team in charge with transacting real estate assets for investment purposes.   Cristi joined Cushman & Wakefield Echinox (CWE) in October 2015 and in 2018 he was promoted as Head of Research. He has conducted […]

Sustainable packaging leader DS Smith scored 67 in the 2021 S&P Global Corporate Sustainability Assessment, reflecting an improvement of 16 points over the last year.   The company achieved maximum scores for environmental reporting, product design criteria, resource efficiency benefits of products, and use of recycled and sustainably sourced materials. The result places DS Smith […]

Continuously growing, Colliers responds to current challenges and future needs in the Romanian valuation market with the Valuation 360° solution, a new business line focused on integrated valuation services for real estate, corporate, movable and intangible assets. Thus, Colliers’ Valuation and Advisory Services department completes its team of specialists with the appointment of Bogdan Mitroi, […]

Romania, Hungary and Croatia rank as the best countries for running small and mid-size enterprises in Europe, according to the consulting firm Company Romania. The criteria used to put together the ranking accounts for various factors, which include tax rates, levels of bureaucracy, and corruption.   The ranking shows the most favorable countries in European […]

Iulius Mall, part of Iulius Town Timișoara, the largest mixed-use urban regeneration complex in the west of Romania, was awarded the LEED® GOLD certification by the US Green Building Council. IULIUS Company owns the only nationwide network of LEED® certified shopping malls in Romania, all its projects being focused on lining up with international sustainability […]

Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, will end this year with RON300 million revenue, compared with RON192 million the previous year, company officials say.

Aukera, a green energy investment platform backed by AtlasInvest, a Belgian private investment company already active in renewable and conventional energy, aims to develop, build and operate a portfolio of wind and solar projects of over 1 GW (1,000 MW) in Romania.

Construction material manufacturer Cemacon Cluj-Napoca (CEON.RO) on Monday evening notified the Bucharest Stock Exchange that its CEO since 2010, Liviu Stoleru, would step down as of January 1. His replacement is Daniel Sologon, the chief financial officer who has been planning and implementing the reconstruction and development of the company along with Liviu Stoleru in the past twelve years.

Romania's finance ministry on Monday raised RON470 million (EUR94.9 million) selling bonds maturing in 2029 and 2025, at average yields of 5.55% and 4.88%, respectively, below the planned level.

Airbus Helicopters Romania has completed the delivery of the second retrofitted H215 helicopter to the Finnish Border Guard (FBG), in an acceptance ceremony taking place at its headquarters in Ghimbav.

Air passenger transport plunged by 73.3% in 2020 across the European Union, with Luxembourg, Bulgaria, Greece and Romania reporting the lowest decreases among the 27 EU member states, ranging between 65% and 70%, data from Eurostat, the statistical office of the European Union, showed on Monday.

Azomures Targu Mures, one of the main producers of fertilizers for agriculture, is going to start preparations for the temporary shutdown of manufacturing operations, as a result of the rising power and gas prices, the company said.

Dutch-Belgian grocery retailer Mega Image is launching a new own brand, Mega, which includes both food and non-food products and will be available soon across the entire store chain in Romania.

Everyone remembers the stuffed animal they used to drag around when they were little kids. Dolls give little kids something to hold on to, whether it’s a monkey, rabbit, or teddy bear.   The rise of kawaii culture keeps pushing stuffed toys into the mainstream for adults too. They’re perfect for adding a little fun […]

Law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided legal assistance to ROCA Investments and the company Emerging Europe Refrigeration & Services (EERS) in the sale of Frigotehnica, a manufacturer of refrigeration solutions, to VINCI Energies, part of VINCI Group.

Following the valuable insights presented by Bogdan Ion, Country Managing Partner, EY Romania & Moldova & COO EY South-East & Central Europe and Central Asia, during his opening keynote speech at BR’s recent Foreign Investors Summit, Ileana Gutu, Associate Partner, Economics and State Aid Services at EY Romania, also talked about Romania’s competitiveness and its […]