Found 18623 news
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in the first six months of 2024 recorded RON8.6 million net profit, 40% higher than in H1/2023.
The ranking of real estate investors in the local commercial sector is led by Romania ones, who acquired 12 properties, with prices ranging between EUR1.4 million and 44.7 million, in line with research by Fortim Trusted Advisors.
Cybersecurity company Safetech Innovations, with offices in Bucharest, London and Abu Dhabi, in the first half of 2024 registered RON30.2 million revenues at an individual level, up 53%, and RON6.1 million net profit, 58% above the H1/2023 level.
Real estate developer One United Properties in the first half of 2024 posted RON699.4 million consolidated turnover, down 17% from H1/2023, and net profit of RON228.6 million, up 5%.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) reported turnover of above RON66.7 million (EUR13.4 million) for 2023, up 44% from 2022.
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business sectors, expects a 30% turnover increase by end-2024, to over RON217.1 million (EUR43.6 million) and over 40% higher net profit than in 2023.
Covaciu family is considering moving IPEC Alba Iulia to another country because of recent years’ energy price evolution and the government’s inability to secure predictability and a level playing field for Romanian producers.
Salt Bank, which has a EUR5 million bond issue with an 8.5% yearly yield and maturing on December 18, 2024 listed on the Bucharest Stock Exchange, posted RON31 million losses in the first half of 2024, as the bank prepared for the launch of its mobile app. The losses in the first half of 2023 stood at RON1.5 million.
IKEA wants to open more stores in Romania and is looking at several cities and also the possibility of adding more stores in Bucharest, where it already has two, says Jesper Brodin, CEO of Ingka Group, the largest IKEA franchiser.
Miele Tehnica Brasov, the subsidiary of Germany’s Miele Group, has leased a 2,000 square meter shed from VGP Brasov to expand its manufacturing area and will use the space to assemble drives and pumps for home appliances.
Froo Romania Retail, a company of Poland’s Żabka Group, has opened its 20th franchised store in Romania, on the Iuliu Maniu Boulevard in Bucharest. This is its largest store in the country.
Leoni Wiring Systems, which had received approval for EUR4.77 million state aid in October 2023, has notified the Finance Ministry of its decision to drop the implementation of the investment project as the German-held group is undergoing restructuring of the local operations.
Premier Energy (PE.RO), a producer, distributor and supplier of electricity and distributor and supplier of natural gas, has increased its stake in subsidiary True Energy Management SRL from 60% to 75%, following the conclusion of a share purchase agreement, it said in a report to the Bucharest Stock Exchange.
DN Agrar Group, Romania’s largest integrated livestock farm, in H1/2024 registered turnover worth RON83.3 million, up 3.6% from H1/2023.
ING Bank Romania saw its revenues rise 9.6% in the first half of 2024, to RON1.79 billion, supported by the rising number of clients and expansion of loan portfolio.
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, ended the first half fo 2024 with RON246,422 net profit, from RON118.9 million in H1/2023.
Agricover Holding, an entrepreneurial agricultural business, reported RON35 million net profit in the first half of 2024, from around RON1 million in the same period of 2023, while revenues dropped to RON806 million from RON1 billion.
Clifford Chance Badea advised Nofar Energy, one of the most dynamic renewable energy investors in Romania, in the signing of the agreement for the acquisition of 100% in Aviv Renewable Investment, the project company developing a 160 MW photovoltaic park in Giurgiu County.
Electricity supplier and distributor Electrica for the first half of this year reported operating income worth RON4.7 billion, down 29%, and RON102 million net profit, RON40 million below the H1/2023 level.
Ramnicu Valcea-based Don Pedro, a major Romanian producer of tissue paper, ended 2023 with RON251 million turnover, up 11% from 2002.18623 items