Restart Energy One, one of the main independent electricity and renewable energy suppliers to household and SME consumers in Romania, ended the first half of 2024 with RON36.6 million revenue, 70% lower than in the year-ago period.
The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the first revision of the state budget, saying that the deficit stands at 4.53% of GDP eight months into the year.
Cluj-based dairy producer Bonas Import Export (BONA.RO), listed on the AeRO market of the Bucharest Stock Exchange, reported net profit of RON358,239 for the first half of 2024, down 27.3% compared with the year-earlier period, as per its half-yearly financial report.
Adiss (stock symbol: ADISS), a Romanian company specialized in water treatment, ended the first half of 2024 with sales revenue of RON12 million, down 36.7% year-over-year, as per its half-yearly financial report.
Romania's Finance Ministry raised RON667 million from banks on Monday (Sept 23, 2024) selling benchmark bonds, above the planned amount of RON500 million, at an annual average yield of 6.64%.
Continuous upskilling is essential to remain competitive in today’s dynamic professional landscape, but only 65% of employees see direct applicability in their current roles – this is the main finding of recent EY research on the need for upskilling and reskilling in turn of the labor force.
The BET index, the main index of the Bucharest Stock Exchange (BVB), is welcoming two new companies: Antibiotice Iasi (ATB) and Premier Energy (PE), starting September 23, 2024.
The number of new insolvencies in Romania went up by 8.3% in the first half of 2024 against the same period of 2023, with 3,684 new procedures being opened, the latest Coface survey shows.
Auchan Romania, a major player in local food retail, continues to develop the franchising program launched in June locally, via which entrepreneurs can open a turnkey retail business under the brand Simply by Auchan.
Packeta Romania, a global digital platform for e-commerce, is expanding its local network with 17 new pick-up points, in partnership with Diverta bookstore chain, thus reaching over 1,800 points, double the 2023 level.
iSTYLE, the largest Apple Premium Reseller retail chain in Central and Eastern Europe, expects to generate over EUR120 million turnover in Romania, above the EUR118.7 million level registered in 2023, as all business lines have posted growth so far in 2024 and the last quarter brings the biggest sales of the year.
Jacobs Douwe Egberts Ro, the local subsidiary of the group of the same name, for 2023 reported turnover worth RON580.8 million (EUR117.4 million), up 10.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Teletext, which owns dairy brand Diami, controlled by entrepreneur Mitru Crisan, has submitted a project to attract another EUR2.2 million in EU funds to retool the plant.
Fabrica de lapte Brasov, the company that manufactures and trades Olympys range and one of the biggest dairy producers in Romania, has opened a high-bay warehouse near the Brasov plant, in which it invested EUR40 million.
British fish & chips restaurant chain Harry Ramsden’s, with a history of around one century, wants to enter Romania’s market. The development would be in a franchise system.
Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, saw its losses widen to RON12 million in the first half of 2024, from RON8.7 million in the same time in 2023, while operating revenue rose 12% to RON62 million. In a separate report, the company announced it replaced Liviu Zagan from his position as CEO.
The board of directors of state-run Romgaz (SNG.RO), the largest natural gas producer in Romania, on September 19 approved, based on the decision of shareholders, the establishment of the Euro Medium Term Notes Program and the EMTN Program Base Prospectus for the funding of the Neptun Deep gas project in the Black Sea, in which Romgaz owns 50%.
Omer Tetik, CEO of Romania's largest bank, Banca Transilvania (stock symbol: TLV), has reported to the Bucharest Stock Exchange the sale of some 95,000 bank shares in three consecutive sessions.
Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure, according to the fifth annual EY Global Mobility Consumer Index report.
Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova Mladenova, through Goodpack SarL, intend to acquire Paccor Romania SRL.