Romania Feed

Funds of Dutch NN Group, which operate in the fields of insurance, mutual funds and mostly on the mandatory private pension funds (Pillar II) segment, on Monday reported a 5% ownership stake in aluminum producer Alro Slatina (ALR.RO), which equals an investment of nearly RON96 million.

Evergent Investments (formerly SIF Moldova), a financial investment company with a capitalization of RON1.25 billion, liquidated its holdings in OMV Petrom (SNP.RO), Alro Slatina (ALR.RO) and Transgaz (TGN.RO) in the third quarter, i.e., in July, August and September, data from the quarterly report published on Monday evening show.

Viessmann SRL, part of the German heating, industrial and refrigeration systems group Viessmann posted about RON181.8 million (EUR37.7 million) revenue in 2020, up 4.6% from the previous year, according to calculations made by ZF based on data from the Finance Ministry.

DENT ESTET Group, established leader on the Romanian dental services market, part of the MedLife Medical System, on Monday announced the acquisition of 60% of the shares of Oradent by Dr. Costea clinic, local county leader by 2020 turnover.

Transport Trade Services (TTS.RO), the biggest freight transporter on the Danube, on Monday said it ended the first nine months of 2021 with a net profit of RON57.35 million, up 60.2% on the year, and a consolidated turnover of RON451 million, up 20% on the era, per calculations by Ziarul Financiar (ZF) based on the quarterly financial report.

Zarea, one of the most important players in the alcoholic beverages market in Romania, posted of RON110.4 million (EUR22.9 million) revenue in 2020, up 10% compared with the RON 100.5 million (EUR21.2 million) in the previous year, according to ZF calculations based on information available on the Finance Ministry website.

Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Monday said it ended the first nine months of 2021 with a net profit of RON22.9 million, up 20% on the year, and a turnover of RON235.8 million, up 10% on the year, per calculations by Ziarul Financiar (ZF) based on data from IAR’s quarterly financial report.

Possible increases in public spending are currently unsustainable and impossible to cover from budget revenues and will end up in an increased level of public debt, more need for loans from the financial markets and the risk of ad hoc fiscal measures, with unpredictable effects.

Impact Developer & Contractor (IMP.RO), the real estate developer controlled by entrepreneur Gheorghe Iaciu, made RON110 million revenue of from the sale of real estate properties in the first nine months of 2021, down 19% compared with the same period last year, while net profit decreased by 43% to RON7.5 million.

Romanian aluminum processor Alumil Rom Industry (ALU.RO) on Monday said it ended the first nine months of 2021 with a net profit of RON5.08 million, up 127.9% on the year, and sales revenue of RON67.2 million, up 32% on the year, per calculations by Ziarul Financiar based on data from the company’s quarterly report.

Online retailer and manufacturer of mobile phones and gadgets iHUNT (HUNT.RO) on Monday reported a turnover of RON34 million for the first nine months of 2021, up 28% on the year, and a net profit of RON5.1 million, up 32% from the first nine months of 2020.

The engineering division of Porsche Romania is expanding its network of innovation centers for developing intelligent connected vehicles by opening its new office in the United Business Center (UBC) 0 office building in Iulius Town Timișoara in 2022. The world class company will occupy an area of 2,100 sqm, and the team will develop automotive […]

Globalworth Foundation and Igloo – Habitat and Architecture Association launch the international competition “2031 NOW_our cities in 10 years” dedicated to students in architecture, city planning and design from Poland and Romania. By expressing a future vision within a project until January 20, 2022, the winning participants will be rewarded prizes worth €11,000, as well […]

Nearly three-quarters (73%) of companies are concerned about the way labor and skills shortage will influence their business strategy within the next 12 months, slightly higher than the share of those which are concerned about the pandemic evolution, such as future COVID-19 variants (70%), according to the latest CEO survey conducted by Deloitte and Fortune […]

One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use and office real estate in Romania, posts a record turnover of 627.7 million lei in the first nine months of 2021, an 87% increase compared to the same period of 2020. After closing Q3 2021, the best quarter in the company’s […]

Impact Developer & Contractor (stock symbol IMP), the first real estate developer listed on the Bucharest Stock Exchange, recorded a 51% increase in the number of contracted housing units in the first 9 months of the year, compared to the same period last year. Thus, pre-sales and reservations were concluded for 379 housing units, with […]

The software development hub of ING Group is getting ready to enter a new IT market in Romania, by opening an office in Cluj-Napoca (north-western Romania) in the coming period.

For the joy of thousands of children in our country, in Negrești, Neamț, began the construction of the only theme park dedicated to Santa, entitled as simple as possible, “Santa’s Village”. And the best news is that it will be open all year!     An original project, inspired by the stories of an old […]

Dental and maxillofacial imaging chain DigiRay, founded by doctor Cristian Pop in Zalau in 2011 and acquired in 2020 by investment fund Black Sea Fund, has acquired the Dental Scan clinics in Bucharest and thus entered the Bucharest market with two other units.

E-mobility, self-driving and artificial intelligence software developer Porsche Engineering Romania has signed a lease with Iulius Group for 2,100 square meters of office space in the United Business Center building of the mixed-use project Iulius Town Timisoara.