Romania Feed

BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange, ended 2021 with a net profit of RON23.2 million, up 1.138% from the 2020 level,

Wine producer Purcari ended 2021 with a net profit of RON41 million, down 31% from 2020, and revenue of RON244.5 million, up 20% versus 2020, in line with its preliminary financial results.

Orange, the leader of the local telecom market, has announced the start of a new phase of its integration plan with the former fixed telephony monopoly Romtelecom, after having bought the majority stake in it from Germany’s Deutsche Telekom and Greece’s OTE.

Insurance company Allianz-Tiriac on Monday said it ended 2021 with underwritten gross premiums of over RON2 billion, up nearly 55% versus 2020, and an operating profit of RON162 million.

Stay Fit Gym, the second largest gym chain in Romania, on Monday announced the full takeover of Neby Fitness, a center in the Domenii area in capital city Bucharest.

Hidroelectrica, Romania’s biggest power producer, on Monday reported record financial results for 2021, ending the year with a turnover of RON6.3 billion, up 63% from 2020, and an operating profit (EBITDA) of RON4.7 billion, up 71% on the year, in line with an annual report released Monday by Fondul Proprietatea (FP).

With high input prices expected to persist until H2 2022, companies’ cash balances are key to cushioning the blow. Fortunately, these stand more than EUR690bn above pre-crisis levels in the Eurozone and more than USD 765bn in the US. In addition, since 2021, firms have also been increasing capex, mostly in reaction to supply-chain disruptions […]

Fondul Proprietatea (FP.RO), an issuer with exposure to the strategically important companies of the Romanian economy, ended 2021 with RON5 hillion net profit, compared with a RON103 million net loss in 2020, its annual audited IFRS-compliant report submitted to the Bucharest Stock Exchange shows.

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, advanced to 3.83% a year on Monday (Feb 28, 2022) from 3.78% a year on Friday (Feb 25), in line with central bank data.

Romania's finance ministry will be launching three new bond issues for the general population, under the Tezaur program, on Tuesday (March 1, 2022), which can be subscribed until March 25.

Stay Fit Gym, the second largest chain of gyms in Romania, after the number of open centers, announces the full takeover of Neby Fitness, a center in the Domenii market area of ​​Bucharest. This is the first M&A transaction made by Stay Fit Gym after the private equity fund, Morphosis Capital, became a shareholder in […]

Techcelerator brings to Romania and Bulgaria the Venture Program, the pre-acceleration program launched by EIT Digital, developed to support early-stage entrepreneurial teams on their journey to market. The program is open to teams from the Baltics, Eastern Europe and Southern Europe (full list of 19 countries here).  Entrepreneurial, non-incorporated teams with digital deep tech business […]

Romanian pharmaceutical products manufacturer Biofarm (BIO.RO) on Monday said it ended 2021 with a turnover of RON239 million, up 10% on the year, and a net profit of RON60 million, up 11% from 2020.

Plastic packaging producer Romcarbon Buzau (ROCE.RO) on Monday said it ended 2021 with a loss of RON1.44 million compared to a net profit of RON869,104 in 2020, as a result of the registration of the depreciation of the financial investment in Livingjumbo Industry SA, in the amount of RON6.4 million, in line with its preliminary financial report.

Digi Communications, an entrepreneurial company owned by businessman Zoltan Teszari, on Monday said it ended 2021 with total revenue of EUR1.47 billion, up 12.7% on the year, and a profit before tax of EUR73 million, versus EUR24 million in 2020, in line with its preliminary financial report.

Lender Banca Comerciala Romana (BCR) on Monday said it registered a net profit of RON1.4 billion (EUR286.5 million) in 2021, up 73.0% from RON814.1 million (EUR168.3 million) in 2020, due to improved operating performance on the backdrop of higher business volumes, and to lower risk cost allocation, in line with its financial report.

Biofarm, one of the most important drug manufacturers in Romania, reports positive developments for the preliminary results of 2021: turnover of 239 million lei and a net profit of 60 million lei, up 11% compared to 2020. In addition, Biofarm reported EBITDA of 82 million lei, up 10% compared to 2020.    “Innovation, the driving […]

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, recorded revenues of 1.1 billion lei in 2021, 105% increase compared to the 2020 result, a historical milestone for the company. The gross profit surged 192%, reaching 603.5 million lei. One United Properties, listed on the Main […]

Real estate developer One United Properties reported revenues worth RON1.1 billion in 2021, up 105%, and net profit of RON506 million, from RON176 million in 2020.

Oves Enterprise, a Cluj-Napoca-based company specializing in software development, with EUR3 million turnover at end-2021 and 75 employees at present, wants to hire around 135 developers by yearend, according to Mihai Filip, the company’s CEO.