The Romanian Investor Relations Association (ARIR), the promoter of the Investor Relations (IR) concept, has announced the results for VEKTOR by ARIR for 2023, the indicator that evaluates investor communication for listed companies.
Romanian natural gas producer and supplier Romgaz for 2023 reported a preliminary gross natural gas production of 4.79 billion cubic meters, down 3% from 2022, in line with the preliminary operational indicators for 2023.
Aquila Part Prod (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, on January 26 carried out an accelerated bookbuild through which a majority shareholder raised RON96 million after transferring 100 million shares, namely an 8.33% ownership stake in the company.
ESSA Group, a Romanian company active on the trade marketing and staff recruitment services market, ended 2023 with a turnover of EUR24.3 million, up 24% from EUR19.8 million reported for 2022, company representatives said in a statement.
Taffo, a Baia Mare-based building company owned by three shareholders, ended 2023 with a turnover of RON118.7 million (nearly EUR24 million), up 27.5% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on company data and finance ministry data.
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report on Monday (Jan. 29) that its BNET28 bond issue worth RON10 million will start trading at the Bucharest Stock Exchange on Friday (February 2, 2024)
The European Investment Bank (EIB) has signed a EUR40 million loan to Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations in Romania, Bulgaria and Lithuania over the next three years.
In early 2024, Bucharest-based America House office building signed office lease renewal contracts for a total 2,000 square meters with Mastercard, the Romanian Pool of Insurance against Natural Disasters (PAID), and an entity operating in the IT&C sector.
Boglar Champ, which cultivates mushrooms in the village of Nusfalau, Salaj County, ended last year with RON134 million (EUR27 million) revenue, up 20% on the previous year, and estimates a double-digit increase this year, its officials say.
Airline Fly Lili, controlled by German businessman Jürgen Andreas Faff, will start operating flights from the Brasov-Ghimbav International Airport in June 2024.
Building materials manufacturer TeraPlast Group aims to expand its European presence in 2024, which is why, after the acquisition of Palplast in the Republic of Moldova at the end of last year, it is preparing for new acquisitions.
Romania's Finance Ministry raised RON652 million from banks on Monday (January 29, 2024) selling bonds with a nominal value of RON500 million due in 2034, at an annual average yield of 6.49%.
Shipbuilder Santierul Naval Orsova (SNO.RO) has informed the local stock market on Monday (January 29) that the Financial Supervisory Authority (ASF) approved the document for the public offer of mandatory takeover initiated by the two majority shareholders, namely, Sea Container Services and SIF Muntenia.
On Monday, January 29, a special transaction (DEALS) with shares of green power producer Hidroelectrica (H2O.RO) worth RON84.2 million was registered in the Bucharest Stock Exchange system at 2:42 p.m., according to stock market data.
Romanian executives forecast a period of relative stability in manufacturing industry, retail trade and services, in parallel with a moderate decrease in employee numbers in the construction sector and sharp price increases in retail trade, for the period January – March 2024, in line with a survey carried out by the country’s statistics board INS.
Businesspeople look with concern at the prospects of 2024, against the background of the increase in operational costs and the evolution of inflation at a still very high level, expecting Romania to enter technical recession in the first half of 2024, as per the 5th edition of the Moneycorp barometer regarding the status of the Romanian economy.
Adrem group, a major local entrepreneurial business providing services and solutions for the energy and industrial sector, has contracted an over RON32 million loan from ING to support its development plans, with a focus on the expansion of energy efficiency services.
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0781 units/euro in the next 12 months, while the estimated rate of inflation will reach an average value of 5.78%, down by less than a percentage point against the December 2023 rate.
Romanian company TARA Interactive, specialized in software development, plans to expand its activity to the Middle East, Vlad Lepadatu, managing partner at the company, told ZF.