Romania Feed

OMV Petrom, the largest integrated energy company in South-Eastern Europe, said in a stock market report on Thursday said it commissioned its first photovoltaic park and the electricity produced will be used for own consumption, within the company’s Exploration and Production division.

Real estate developer One United Properties (ONE.RO) has acquired from Auchan Romania the building of the former Ford factory in capital city Bucharest.

Perfect Dent, a stomatology clinic of Bucharest, developed by dentist Denisa Zaharia 16 years ago, reached RON3 million turnover in 2021, up 45%.

Romanian businessman Iulian Dascalu, owner of Iulius Group, has started the licensing process of a mixed-use project near Romexpo in Bucharest, through the company Factory Business United held by Bogdan Mihaila, the manager of Iulius Real Estate. This will also be the group’s first development in Bucharest.

Alba-based building materials manufacturer Florea Grup is installing a photovoltaic project comprising four parks with a 10,000-sqm total area for the four Petra Pavaje plants in owns on industrial platforms of Alba Iulia, Ploiesti, Arad and Roman.

Stationery and office equipment importer and wholesaler Dacris, held by the Fati family, in 2021 posted EUR23 million turnover, just 2% higher on the year.

Premier Energy PLC, a natural gas supplier and distributor held by Czech private equity firm Emma Capital, is preparing to go public on the Bucharest Stock Exchange through a share sale, and the Financial Supervisory Authority (ASF) has delegated the power to approve the prospectus to the watchdog in Cyprus, where the company is registered

The net assets of the 233 domestic and foreign open-end and closed-end investment funds operating in Romania dropped by 3.1% in February 2022, to RON52.1 billion (EUR10.5 billion), and by 2.9% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators.

Dutch computer services firm Getronics NV Getronics is expanding its presence in Romania by opening a new office in capital Bucharest, company representatives said in a statement.

The accelerated increase in energy and fuel prices and the situation of the conflict in Ukraine will prompt business leaders in Romania to adopt an austerity plan in the second half of 2022, in line with an analysis by the company HR Arthur Hunt.

Germany’s retailer Kaufland continues its expansion in eastern Romania by opening a hypermarket in the town of Husi (Vaslui County), and thus reaches a 152-store network in Romania.

Dragos Oltenescu has taken over the position of deputy general manager of Euroins Romania, being responsible with the financial strategy and the company’s makeover, in line with data from company representatives.

Credit Europe Bank Romania becomes a partner of the Romanian Fintech Association (Rofin.tech), an association that includes companies founded by Romanian entrepreneurs, which develop technological solutions.

The office space stock in the Center-West area of capital city Bucharest, near the Politehnica University, will exceed the existing stock in the Floreasca-Barbu Vacarescu (which has been the main office hub in Bucharest for eight years) in 2022, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Practic SA (PRBU.RO), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte, will pay out a gross dividend of RON55.3342 per share to its shareholders, with the total amount allocated for dividend payment reaching RON32.8 million.

Private lending grew by 15.8% in nominal terms (6.7% in real terms) to RON330.7 billion in February 2022 compared to February 2021, as local currency lending grew by 20.1% (10.7% in real terms) and foreign currency lending by 5.9% when expressed in lei (4.3% when expressed in euros), central bank data showed Wednesday.

Nooka Space continues its development plan and aims to develop in Bucharest an extensive network of micro proximity offices, through strategic partnerships with real estate developers, companies from HORECA industry and many more.   Launched on the Romanian market last spring, after an investment of over 1 million Euros, the Irish Nooka Space start-up aims […]

The office stock in the Center-West area of Bucharest, near Politehnica University, will surpass the existing stock from Floreasca-Barbu Văcarescu (which has been the main office hub in Bucharest for eight years) in 2022, , according to data from the Cushman & Wakefield Echinox real estate consultancy company.   The modern office stock in the […]

In the five months since its launch, Cargus Mobile has become one of the most used business applications in Romania. In March, Cargus Mobile reached a total of over 110,000 downloads from online app stores, Google Play and Appstore, since its launch.   Compared to the beginning of the year, the number of users has […]

Credit Europe Bank Romania becomes a partner of Romanian Fintech Association (Rofin.tech), an association that includes companies founded by Romanian entrepreneurs, which develop technological solutions. The initiative shows the bank’s support for innovation and the constant evolution of the Romanian business environment through technology. At the same time, it reconfirms the strategic direction of digitalization, the collaboration […]