Found 19531 news
The assets of Banca Transilvania (TLV.RO), the leader of the Romanian banking market, are set to increase by 14% to RON210 billion in 2025, as a result of the increase in the gross lending volume by some 19% to RONI104 billion, so the Cluj-based lender will cement its leading position.
Farmacia Ardealul, a chain of 11 pharmacies in Piatra Neamt that started 32 years ago, posted 8% growth in revenue to more than RON90 million in 2024, according to ZF’s calculations.
Automotive component maker Optibelt Power Transmission, the local subsidiary of Germany’s Arntz Optibelt expects 2025 revenue to be the same as in 2024, when it stood at RON317.3 million (EUR63.4 million), the data the company supplied show.
Comtim Romania, formerly Smithfield Romania, the largest actor on the pork market in the country, has opened a store in Bucharest, its first outside its home of Timisoara, where it has only one store inside its factory.
Distributie Energie Oltenia (DEO), the electricity distribution company in the Oltenia region and one of the four electricity distributors in Romania, has signed an agreement with a bank syndicate to refinance debt and secure RON1.76 billion in new funding.
Romania ranked 19th among the 27 EU member countries by GDP per capita expressed as purchasing power parity (PPP) in 2024, the same as Poland and Estonia, Eurostat preliminary data show.
Agroland Business System (AG.RO) and Agroland Agribusiness (AAB.RO) have called shareholders for April 29-30 to vote on unsecured non-convertible corporate bond issues of RON15 million and RON10 million, the two said in reports to the Bucharest Stock Exchange.
Car parts supplier Eckerle Automotive, the Romanian subsidiary of Germany’s Eckerle, switched to loss in 2024, reporting a negative result of RON1.9 million (EUR387,800), compared with a net gain of roughly RON292,000 (EUR59,000) recorded in 2023, in line with publicly available data.
The Board of Directors of Turbomecanica (stock symbol: TBM), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, has called shareholders for a meeting on April 29 to approve the distribution of dividends in the amount of RON9 million, from the company's 2024 profit, per a report to the Bucharest Stock Exchange on March 27.
Entrepreneurial company Aquila Part Prod (stock symbol: AQ.RO), one of the largest actors in the fast-moving consumer goods distribution business in Romania and in the region, has called shareholders for a meeting on April 29/30 to approve the distribution of a gross dividend of RON0.0499 per share to investors, which translates into about RON60 million in all.
Building materials producer TeraPlast Bistrita (stock symbol: TRP) has called shareholders for a meeting on April 29 to approve, among others, the increase in the company's share capital by RON60 million, up to RON300 million.
Practic Bucuresti (stock symbol: PRBU), one of the largest owners of retail space in Bucharest, ended 2024 with net profit of RON35.7 million, up 32.9% versus 2023, and a turnover of RON46.4 million, up 9.6% on the year.
State-run Hidroelectrica (stock symbol: H2O.RO), the largest electricity generation company in Romania, has called shareholders for a meeting on April 29, 2025 to vote on approving the distribution of dividends in the amount of RON4 billion from its 2024 profit.
Smart ID Technology, with the support of private equity fund SARMIS Capital, announces the signing of an agreement to acquire a majority stake in AB Systems SRL, a leader in the production of durable barcode labels and smart RFID label solutions for the automotive, logistics, and retail industries.
Romania’s national grid company Transelectrica (stock symbol: TEL) has called shareholders for a meeting on April 29, 2025 to vote on approving the distribution of dividends in the amount of RON155.4 million from the RON585.9 million accounting profit for 2024 left after deducting the profit tax.
Real estate developer Nusco Imobiliara, present on the Romanian market since 1997, has sealed a funding agreement with Banca Transilvania for the development of the second phase of Nusco City project of northern Bucharest.
Romania's Finance Ministry raised RON500 million from banks on Thursday (March 27), selling benchmark bonds, at an annual average yield of 7.48%.
XTB Group ended 2024 with total revenue of EUR435 million, up 21% year-over-year, and net profit of EUR199 million, up 14% from 2023.
Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, has informed the market in a report on March 27 about the opening of a KFC Drive Thru restaurant in the Romanian city of Galati.
Romania’s imports of recyclable raw materials from non-EU countries doubled over the past decade from 448,000 tons to over 910,000 tons, in line with official Eurostat data analyzed by Clean Recycle.19531 items