Romania Feed

BRK Financial Group becomes the first Issuer’s Market Maker for bonds on the Bucharest Stock Exchange and will provide market making services starting April 6 for the EUR6.6 million bond issue listed by real estate developer.

Over 140 companies and institutions in Bucharest and 24 counties have signed contracts with E.ON Energie for the turnkey delivery of solar power stations worth a total of EUR13 million.

Companies had 24% more job applications for open positions in the first quarter compared with the same period in 2020, or 1.9 million applications, of which 700,000 in March alone, data from online recruiting platform BestJobs showed Friday.

Retail developers have set out to conquer the last “strongholds”, counties that lacked modern retail project, and last year delivered the first modern retail projects in four new counties – Dambovita, Covasna, Harghita and Calarasi.

Belgian investor Mitiska Reim Group, specialized in developing shopping centers, has obtained a loan of EUR123 million to refinance its entire portfolio in Romania.

PwC Romania partner Mihai Anita will be running the company’s Audit Services Department as of July, 2021.

MOTO-HUB BMW Motorrad, an authorized BMW dealer, has invested nearly EUR500,000 in developing a services center, considering that, besides service station and sales of new and second-hand motorcycles, it will also provide lease services, organization of national and international tours, defensive driving courses and technical equipment and accessories.

Online furniture and home decor retailer Vivre Deco will be conducting a private placement of bonds early in April, and have the bonds listed on the Bucharest Stock Exchange a few weeks from the end of the offering.

Croissant maker Derpan (Galati County) ended 2020 with some RON42 million revenue, flat on 2019, slightly affected by the COVID-19 pandemic.

Automaker Mercedes-Benz has a new logistics center in Dragomiresti Vale, north-west of Bucharest, built by Plana-Innova as general contractor, the latter’s website says.

Agroserv Mariuta, the dairy processor of Laptaria cu caimac, received shareholder approval mid-March to raise its share capital by RON43,100 by issuing 431,020 new shares to be sold via private placement.

New vehicle registrations in Romania grew 19.3% in March compared with March 2020, to 9,636 units, after an annual decline of 18.8% in February and 46.6% in January, data from the the Automotive Manufacturers and Importers Association (APIA) showed Thursday.

Mobile game developer Firebyte Games, a subsidiary of BRK Financial Group, will go public on the AeRO market of the Bucharest Stock Exchange on April 6 under the ticker symbol FRB after a successful private placement in February.

Romania's finance ministry on Thursday raised 500 million lei (EUR101.8 million), as planned, selling bonds maturing in November 2024 at an average yield of 2.4%, central bank data showed.

OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, has increased its share capital by RON250 million, to over RON2 billion, part of the bank's organic development strategy.

A 1.7% stake in investment fund Evergent Investments was traded Thursday on the Bucharest Stock Exchange for RON14.14 million.

The potential of renewable energy on the local market can become the engine of the decarbonization of the Romanian energy sector as long as public initiatives synchronize with business intentions, EY Romania said in a report Thursday.

Romania's foreign exchange reserves grew to EUR35.709 billion at the end of March from EUR35.139 billion at the end of February, central bank data showed Thursday.

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, on Thursday reported a net profit of RON95 million for 2020.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) said Thursday in a stock market report that it had signed a contract worth RON383 million to provide electricity to Engie Romania between April 1 and 30, 2021.