Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, ended 2023 with a loss of RON28.5 million, compared to a loss of RON2 million in 2022, as per the company's preliminary financial results for 2023.
Appraisal & Valuation (APP.RO), a company that provides valuation, consulting and real estate development services, ended 2023 with net profit of RON953,500, up 56.6% from 2022, and a turnover of RON5.8 million, down 15% vs 2022.
Oil drilling company Foraj Sonde Videle (FOJE.RO) ended 2023 with net profit of RON18.8 million, down 11.5% from 2022, and a turnover of RON140.3 million, down 9.3% vs 2022, in line with calculations by Ziarul Financiar (ZF) daily based on the company's annual preliminary financial results published at the Bucharest Stock Exchange.
Romania's foreign exchange reserves stood at EUR63.12 billion at end-February 2024, compared to EUR61.41 billion on January 31, 2024, central bank data showed on Friday (March 1, 2024).
Banca Comerciala Romana (BCR), in collaboration with the National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR), announces the launch of the BCR Romania Purchasing Managers’ Index (PMI), an essential indicator in determining the health of the economy.
Real estate developer Impact Developer & Contractor (IMP.RO) reported a consolidated net profit of RON34.9 million for 2023,down 58.8% from 2022, and revenue of RON169.5 million, down 22.7% vs 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's annual preliminary financial report published at the Bucharest Stock Exchange.
Transelectrica has announced the successful completion of the construction project of a 400 kV Overhead Power Line Portile de Fier – (Anina) – Resita, in an investment worth a total RON150 million.
Natural gas and electricity distribution company Delgaz Grid invested over RON35 million in the purchase and installation of more than 200,000 natural gas meters in 2023, representing 10% of the approximately 2 million meters in gas installations of the company’s consumers.
Retele Electrice Dobrogea, a company part of PPC group, previously named E-Distributie Dobrogea, is modernizing Navodari primary station and the medium voltage electrical installations, within two projects totally worth RON67 million.
Drilling company Dafora Medias, included on the special list of companies under observation by the Bucharest Stock Exchange, reported RON20 million revenues in 2023, 70% higher than in 2022, and losses of RON951,317, down 60%.
Mobility network Autonom Services, founded by brothers Marius and Dan Stefan, in 2023 registered RON728 million operating revenues, up 12%, and RON31.9 million net profit, 45% lower than in 2022.
Chemical compound Chimcomplex Borzesti in 2023 generated overall revenues worth RON1.36 billion, down 43% from 2022, and RON75 million net profit, from RON266 million in 2022.
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, continued to remain unchanged in the last days of February at 6.08%.
The first hotel in Cluj under one of the brands of hotel group Marriott has been opened this week. Courtyard by Marriott Cluj-Napoca Downtown is the first hotel under this brand outside Bucharest.
REPACO Capital, a developer founded by several Romanian entrepreneurs, has started building Crevedia Retail Park, an over EUR15 million investment on Soseaua Bucuresti-Targoviste, no. 232, near Kaufland Buftea.
Paint and varnish manufacturer Policolor-Orgachim has planned investments in production process automation in coming years as finding workforce is ever more challenging.