Romania Feed

DIGI Communications N.V. announces on Friday, 12th of November 2021, its financial results for the nine months period ended at 30th September 2021. The Group recorded revenues of €1.1 billion, up 12% compared to the same period last year, and the revenue generating unit (RGU) base increased by 12%, indicating a substantial expansion of services […]

Restart Energy, one of the largest independent electricity suppliers in the local market with a portfolio of around 50,000 customers, announces its strategic decision to stop supplying natural gas to focus on green energy, starting in 2022.   “The natural gas market in Romania, but also at European level, is going through an extremely difficult […]

Romanian state-run lender CEC Bank provides a pre-financing loan of RON175.3 million, over an 11-year period, for the construction of the ClusterPower data center located in Dolj County, a greenfield investment of RON208 million.

Romanian state-owned power grid operator Transelectrica (TEL.RO) said in its financial report released on Friday that its net profit declined by 46.7% on the year to RON81 million in the first nine months of 2021, and its revenue grew by 37% on the year to RON2.82 billion in January-September 2021.

Electricity and natural gas supplier Restart Energy has decided to withdraw from the natural gas supply business and focus on green power as of 2022. Its 18,000 customers will be allocated by energy market regulator ANRE to suppliers of last resort.

Romanian state-owned gas natural transmission company Transgaz (TGN.RO) said Friday in a stock market report that ended the first nine months of 2021 with a net profit of RON112 million, down 45% on the year, and operating revenue before the balancing and construction activity of RON954 million, down 5% from the same period in 2020.

Mihai Gavan, HCM Global Sales Director at TotalSoft, is set to return to the #futureofwork. He will feature in the opening panel at the Autumn 2021 edition of the Working Romania HR Conference, on November 18, starting at 10:00 AM.   Mihai Găvan has a rich background in the field of human resources and developed in […]

Digi Communications (DIGI), held by businessman Zoltan Teszari, on Friday said it switched to profit of EUR40 million (RON200 million) in the first nine months of 2021, as compared to a loss of EUR23.5 million in the same period of 2020, while its revenue grew 12% on the year to EUR1.06 billion in Jan-Sept 2021, per its financial report.

Paula Rus, Operations Manager at The Adecco Group, will be a speaker in the Opening Panel titled “Keeping an eye on the #futureofwork” at BR’s upcoming Working Romania | Autumn 2021 Edition.   A graduate of the „Babeș-Bolyai” University of Cluj-Napoca, Paula Rus joined Adecco in February 2013 as a Branch Manager, one year later becoming the Area Manager […]

Private medical services provider MedLife (M.RO) said Friday in a stock market report that its turnover exceeded RON1 billion in January-September 2021, up 35% from the year-earlier period.

Gabriela Neamtu, Head of Corporate Center & HR at MOL Romania, will be a speaker at BR’s upcoming Working Romania HR Conference in the Employer Branding | All-Star Panel, on November 18, starting at 11:55 AM.   Gabriela Neamtu is an rxperienced professional with a solid background in Procurement, Asset & Services Management, Investment Project Implementation, Communication […]

Alro Group, one of Europe’s largest vertically integrated aluminum producers, on Friday said it ended the first nine months of 2021 with a turnover of RON2.5 billion, up 27% on the year, but its net result was a loss of RON25 million, as compared to a profit of RON273 million in the same period of 2020, per a stock market report.

Banca Transilvania (TLV.RO), Romania’s biggest lending institution, for the first nine months of this year reported consolidated net profit worth RON1.67 billion, against RON1.056 billion in the same period of last year.

Nuclearelectrica (SNN.RO), Romania’s sole nuclear power producer, majority held by the Energy Ministry, ended the first nine months of 2021 with net profit worth RON641.1 million, up 34% from the same period of last year.

Natural gas producer and supplier Romgaz (SNG.RO), the Romanian state’s most valuable listed company, ended the first nine months of 2021 with net profit worth RON1.16 billion, up 23% from the year-earlier period.

Dental clinic network Dent Estet, part of Medlife group, is continuously expanding and in 2021 is set to open a clinic in Craiova and likely to clinch another acquisition, explained Cristian Taban, Dent Estet CEO.

Fashion retailer C&A, active on the low-price segment and one of the biggest players on Romania’s fashion market, reached RON364 million turnover last year, down 30% in the pandemic.

Milling and bakery company Boromir Ind, one of the largest in its industry, plans to have exports generate 15% of its revenue by 2026.

Industrial equipment manufacturer AAGES Targu-Mures (AAG.RO) ended the first nine months of 2021 with RON4.2 million net consolidated profit, double as much as in the year-ago period.

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, grew to 2.58% a year on Thursday (November 11) from 2.55% a year on Wednesday (Nov 10), per central bank data.