Romania Feed

ING Bank Romania granted a loan of EUR15.5 million to Romanian company Gersim Impex, a wholesaler of mobile phones and tablets in Romania, which will use the funds for working capital.

Applications to join the one-week-long multidisciplinary experience UNFINISHED are closing on October 20th, 2021 at midnight. Midnight, that is, wherever you are!   This year, UNFINISHED Festival is launching a permanent experience platform that combines new ways of connecting with art, music, happenings, and conversations around the theme of Midnight. The 50+ speakers, artists and […]

The October 2021 issue of Business Review Magazine is now available in digital format, featuring the main story titled “In Pursuit of a Sustainable Future.” Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a PDF copy.   In this issue: In Pursuit […]

Sarmis Capital, the largest private equity fund dedicated to Romania and neighboring countries, has acquired a significant majority stake in Corporate Office Solutions (COS), the leading integrated office fit-out services provider in Romania, for an undisclosed amount.

TechAngels, the local group of private investors supporting tech startups in Romania and the region, invested over EUR5.8 million in the first nine months of this year in tech startups, with EUR2.8 million in 3Q.

This year’s grape production is 10-15% higher than in 2020 and goes beyond 1 million tons, a record high quantity reached only in 2017 and 2018.

The EUR245,000 investment roofing manufacturer Wetterbest made to install a photovoltaic station on the roof of its Baicoi plant was a profitable one for the Prahova-based company and it plans further sustainability investments.

Retail and wholesale trade reached RON583 billion last year, down from RON595 billion in 2019, the last pre-pandemic year. Despite the health crisis turned into an economic crisis, 2020 was the second best year for the sector, with the overall turnover being double the 2009 level, the first year of the previous financial crisis, in line with Trade Registry data.

The seven Pillar II (mandatory) private pension funds in Romania, which hold significant stakes in the companies listed on the Bucharest Stock Exchange, had RON87 billion assets at the end of September 2021, an increase of RON12 billion on the end of 2020, the latest Financial Supervisory Authority (ASF) data show.

Parcel delivery company Dynamic Parcel Distribution (DPD), one of the largest such companies in Romania, budgeted growth of 20% year-on-year in 2021 and so far it has met its target. However, the busiest time of the year is about to begin, when volumes will significantly increase during the Black Friday and winter holidays, which could lead to an even higher growth than initially expected.

Decathlon, the leading sporting goods retailer in Romania, budgeted growth 20% in sales for this year, which means more than RON1 billion for the first time, ZF has calculated.

Super Eggs (Braila), which is part of Italy’s Eurovo group and specializes in production and sale of fresh, powdered and pasteurized eggs, posted RON35.7 million (EUR7.4 million) revenue in 2020, a decline of 41.6% from the RON61.2 million (some EUR13 million), ZF has calculated from Finance Ministry data.

Individual investor Behboud Madadi acquired a total 12.3 million shares of regional investment fund SIF Muntenia (SIF4.RO), between September 29 and October 12, 2021, paying RON19.7 million. Thus, Behboud Madadi reached an ownership stake of 6.13% upon the finalization of the offering.

Romania's finance ministry on Monday raised RON300 million (EUR60.6 million) selling bonds maturing in February 2029 at an average yield of 4.85%, central bank data showed.

Banca Comerciala Romana (BCR) is listing on October 19 its first green bonds worth RON500 million on the Main Market of the Bucharest Stock Exchange, under the stock exchange symbol BCR28A.

Brillio, a company focused on digital technologies and big data analytics, has appointed Dragos Stoica to the position of Country Manager and announces the start of a strong expansion process in Romania.

Somfy Romania, leader in providing automated control systems for shading and access technology in homes and commercial buildings, but also a key player for smart home solutions, celebrates 15 years of existence on the local market and announces business increasing by more than 40% for the first half of this year, compared to the same […]

Sonae Sierra’s new strategy focuses on the real estate investment management business and on the development of differentiating sustainable urban projects for integrated uses (residential, offices, commercial and leisure). In support of the new strategy, the Company has renewed its Executive Committee, complementing its expertise in the real estate and investment management sectors with digital […]

The best creative ideas, the best creative teams, and the best individuals of this year’s Renewed Competition were announced during the Grand Award Ceremony held live online on Friday, 15 October 2021.   For the second year in a row, Publicis Italy from Milan was awarded the title Agency of the Year, contributing to the […]

The new Emergency Ordinance (GEO) no. 117 of October 4th, which will enter into force starting October 20th, sets fines from 5.000 lei to 10.000 lei for each employee whose employer delayed his salary payment for more than one month and this measure can significantly unbalance the labor market (in the current context, in which […]