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Consumers’ continued passion for seasonal sales is being fueled by the global cost of living crisis, driving shoppers to seek out more bargains as they try to make their disposable income stretch further, according to the latest EY Holiday Shopping Survey.
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) recorded a turnover of RON152.8 million in the January-September 2024 period, down 50.5% compared with the same period of 2023, the company announced in its quarterly financial report sent to the Bucharest Stock Exchange.
Romania's trade balance posted a deficit of EUR23.5 billion in January-September 2024, higher by 15% compared to the same period of 2023, data from the country's statistics board INS showed on Monday (Nov 11).
Shipbuilder Santierul Naval Orsova posted RON5.6 million net profit in the first nine months of 2024, up 41% from the year-earlier period.
OMV Petrom, Romania’s main oil and gas producer, has signed an EPCC-type contract to start the construction of the photovoltaic park of Isalnita, Dolj, which will have an annual production of 130 GWh and installed capacity of around 89 MWp.
Real estate developer One United Properties registered RON1 billion turnover in the first nine months of 2024, down 10% from the year-earlier period, and a RON298.6 million net profit, 13% lower.
In 2023, Romania’s game development industry posted EUR317 million turnover, down 6.6% from 2022, in line with data provided by Romanian Game Developers Association.
Sibiu-based Nicolaus Com, one of the most dynamic freight carriers locally, founded in 1996 by Bogdan Nicolae, will open a four-star boutique hotel, with a spa center and 32 rooms, next year, an investment put at EUR6 million.
eMAG, the region's largest online retailer, has overshot the RON800 million mark for this year’s Black Friday it had set out to achieve. In fact, 12 hours into the campaign, eMAG recorded sales of RON800 million.
Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON3.9 billion consolidated net profit in January-September, an increase of 70% on the year-ago period, while operating income was 29% higher at RON7.22 billion, as a result of organic growth and acquisitions.
TeraPlast Group has inaugurated this week its new Opal stretch film factory located in the Saratel Industrial Park following a total investment of EUR18.5 million, of which EUR5.3 million represents state aid.
Electricity supplier and distributor Electrica (stock symbol: EL) on Nov 8 received the approval of shareholders for several projects, including a bond issue and a syndicated loan, with the aim of implementing development measures.
Real estate developer Impact Developer & Contractor (stock symbol: IMP) has announced in a stock market report on Nov 8 that it started the last quarter of 2024 with record sales.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON233 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Nov 8, 2024.
Starting November 26, 2024, the shares of two new companies listed on the Bucharest Stock Exchange, namely Turbomecanica (stock symbol: TBM) and Prebet Aiud (stock symbol: PREB), will be included in the MSCI Frontier IMI and MSCI Romania IMI indices, that include Small Cap, Mid Cap and Large Cap companies.
Romania's central bank has decided at its Board meeting on Friday (Nov 8, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.
Entrepreneur Stefan Mandachi, who founded and subsequently sold Spartan restaurant chain, is investing EUR5 million in a 12 premium villa compound in Romania’s richest commune, Miroslava, located 8 kms away from Iasi.
Romanian entrepreneur Ferenc Korponay, known for founding, developing and then selling the Maravet business, which operates in the animal products sector, has bought the canning factory in Oiejdea, Alba County, from Verdino, a company active in the "green" food business, co-founded by businessman Raul Ciurtin.
Port operator Socep Constanta (SOCP.RO) on Thursday evening notified the Bucharest Stock Exchange that Sammarina Imobiliare, which owns 6.31% in it, had requested that shareholders be called for a meeting to approve distribution of dividends from the retained earnings.
Packaging maker Electric, based in the town of Focsani and owned by the Buzaianu family, ended 2023 with a turnover of RON63.4 million (EUR12.8 million), up 15.1% from RON55.1 million (EUR11.1 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated from data on the finance ministry website.19522 items