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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.
Local paver manufacturer Elis Pavaje of Alba county has this year started to expand the plant it has near Ploiesti, in Stoenesti locality, and plans to build a new plant in Olt county.
Alin Niculae, who controls the biggest Romanian-held oil wholesale company Oscar Downstream, is set to buy Iride Business Park office project of northern Bucharest for EUR45 million.
Carrion Expedition, the Spanish-owned freight forwarding company based in Cluj-Napoca, posted RON97.2 million (EUR19.6 million) revenue in 2023, down 64.4% from the previous year’s RON273.1 million (EUR55.4 million), Finance Ministry data show.
Chemical producer and supplier Chimcomp0lex Borzesti (CRC.RO), which owns two industrial sites in Onesti and Ramnicu Valcea and is one of the largest entrepreneurial businesses in Romania, has submitted a bid to take over the heating service concession in Iasi, as part of a large-scale industrial development project named Iasi Biochemistry Plant
Coca-Cola HBC Romania has appointed Cornel Caramizaru general manager, replacing Jovan Radosavljevic, who has supervised the Romanian operations in the last six years.
Technology company 2Performant Network (2P.RO), the largest actor on the affiliate marketing market in Romania, posted RON27.9 million operating revenue in the first half of 2024, 18% more than in the year-ago period.
Dedeman, the largest entrepreneurial business in Romania, is launching an IT project, DedeTech, designed to develop and upgrade the digital infrastructure of the business, in order to streamline the logistics and e-commerce processes of the 62 DIY stores of the retailer.
Fashion and cosmetics are some of the most competitive markets in Romania, with more than 100 foreign and local brands vying over the several billion euros Romanian consumers spend on apparel, footwear and cosmetics each year.
Private lending in Romania posted a similar evolution with the June one, with an annual 6.8% increase (1.3% in real terms) to a total amount of RON403.9 billion, in line with central bank data.
Affidea Romania, the largest player on the local medical imaging market, operated EUR8 million investments in the first half of 2024.
Revolut has gone beyond the 4 million retail client threshold in Romania, its top market in the EU by the number of active users, and the second largest, after the UK, globally.
Romania will have 9 companies included in the FTSE Global All Cap indices starting September after the shares of Transport Trade Services (TTS) are included in the Small Cap category, in line with an announcement made public by global index provider FTSE Russell and quoted by the Bucharest Stock Exchange.
Several investment funds, including Morphosis Capital, ACP, Booster and Integral Venture, aim to join the shareholding structure of 5 to go, Romania’s largest coffee shop chain, with over 600 units, according to market sources.
UniCredit, one of the largest banks in Romania, posted RON947 million consolidated net profit in the first half of 2024, an increase of 43% on the year-ago period, while operating income reached RON1.7 billion, up from RON1.5 billion, the latest half-year report published on the Bucharest Stock Exchange on Friday shows.19029 items