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Aquila (AQ.RO), an entrepreneurial fast-moving consumer goods distribution and logistics company, ended the first half of 2024 with RON35 million net profit, 15% lower than in the year-ago period, as a result of the new turnover tax (RON5 million) and the decline in financial revenue, the company said.
Printec Group Romania, one of the largest providers of payment solutions for the banking industry in Romania, posted RON105.6 million (EUR21.2 million) revenue in 2023, 4% lower than in 2022, Finance Ministry data show.
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, posted RON11.6 million loses in the first half of 2024, down from the RON22 million losses of the year-ago period.
Financial investment company Transilvania Investments Alliance (TRANSI.RO) posted RON74 million net profit in the first half of 2024, 41% higher than in the year-ago period. Revenue stood at RON93 million, 40% higher.
Aluminum producer Alro Slatina (ALR.RO), posted consolidated revenue of RON1.7 billion in the first half of 2024, compared with RON1.56 billion in the year-ago period and switched to profit of RON8.4 million from a loss of RON164 million in the first half of 2023.
The zizam.com platform developed by Romanian meat processor Carmolimp in Brasov will expand to Bucharest in the fall, both for business to business and to business to consumer segments, with its range of packed ready-to-eat products.
Romania's Competition Council is analyzing the transaction through which Dona Logistica S.A. plans to acquire the VET Division from Vetro Solutions S.A.
Romania's Finance Ministry has raised RON345.4 million from banks on Monday (August 12), selling benchmark bonds, which is below the planned amount of RON500 million, at an annual average yield of 6.37%.
Romanian-held communications group Digi (RCS&RDS, DIGI.RO), the leading actor on the fixed internet and cable TV market with a share of 70% of the number of subscribers has become majority shareholder of West Network Invest – the special purpose vehicle used in the attempt to buy what is left of Deutsche Telekom and OTE’s business in Romania -Telekom Romania Mobile operator.
Private equity (PE) firms in Central Europe (CE) are overwhelmingly confident that 2024 will be a good year for investments, according to 84% of the participants to the latest Deloitte CE Private Equity Confidence Survey, as the sentiment regarding the economy continues to improve, with 31% of them expecting conditions to get better and 59% expecting them to remain the same.
Simtel Team, the national technology and engineering group in the field of renewable energy, on August 12 debuted on the Main Market of the Bucharest Stock Exchange under the stock ticker SMTL, after moving from the AeRO market.
Hotel company Aro-Palace (stock symbol: ARO) reported net profit of RON1.06 million for January-June 2024, up 25% from the same period of 2023, as per its half-yearly financial report published at the Bucharest Stock Exchange on August 12
Turism Felix (TUFE.RO, which manages five hotels in Baile Felix, Bihor County, recorded loss of RON14.9 million in the first half of 2024, up nearly 119% from the level reported in the same period of 2023, in line with data from its half-yearly financial report published at the Bucharest Stock Exchange on August 12.
Romanian state-run port operator Oil Terminal (OIL.RO) saw its net profit surging 43% in the first half of 2024 compared with the year-earlier period, to roughly RON36 million, and its turnover climbing 36% to RON231 million amid higher tariffs and volumes, as per the company's half-yearly financial report published at the Bucharest Stock Exchange on August 12.
Sweden's Syntronic, a leading design house specializing in advanced product and systems development, production, and aftermarket services, has opened a site in Romania, in Timisoara, and the new entity is named Syntronic Production and Aftermarket Services.
The average net salary in Romania increased by 1.1% in nominal terms in June 2024 compared to May 2024, to 5,176 (EUR1,056), data from the country's statistics board INS showed on Monday (August 12, 2024).
Romania's annual inflation resumed its upward trend, increasing to 5.4% in July 2024 compared to July 2023, after dropping to 4.9% in June 2024, data from the country's statistics board INS showed on Monday (August 12).
Bucur SA Bucuresti (stock symbol: BUCV), a company engrossed in selling food products, spirits and coffee, and in property lease, has informed the stock market on August 9 about the signing of a sale and purchase agreement for a building in capital Bucharest.
Raiffeisen Bank Romania, the sixth largest bank in the local market by assets, has informed the capital market in a stock market report about the extension of Zdenek Romanek's mandate as President of the bank's Management Board and CEO, until January 31, 2029.
Alternative investment fund Lion Capital (stock symbol: LION) acquired a package of 83.35 million shares in Grand Hotel Bucharest (RCHI) on July 31, representing 10% of the share capital of the company that manages the former Intercontinental Hotel in capital city Bucharest.19029 items