Found 19522 news
Prodvinalco (VAC.RO), a company majority-owned by Mircea Todea, Vasile Albon and Marcel Hosu, posted RON11.2 million net profit in the first half of 2024, 43% higher than in the year-ago period.
The exchange rate has a short-term upward potential, with a target of RON5 to the euro, which is largely driven by lower bond yields, driving investors to put tactical bets on the euro in hopes of short-term gains, according to analysts of iBanFirst, a leading global provider of foreign exchange and international payments, operating in 10 European countries.
The average gross monthly earnings registered at the level of the national economy in 2023 were RON7,042, higher by 15.0% (+RON916) than the previous year, and the average net monthly earnings were RON4,412, increasing by 16.1% (+RON611) compared to the previous year, as per data from the country's statistics board INS.
Da Vinci New Project, a company wholly owned by Alive Capital, in its turn part of Premier Energy PLC group, has got a EUR7.5 loan from Libra Internet Bank to build a photovoltaic park in Nanov locality, Teleorman county, on an area of around 25 hectares.
Geological surveying company Prospectiuni Bucuresti, majority owned by businessman Ovidiu Tender, in the first half of this year registered RON91.3 million turnover, down 23% from H1/2023, and RON3.8 million net profit, 54% lower.
Engineering and technology company Simtel Team has sealed a partnership with Monsson group, the largest renewable energy project developer in Romania and Southeast Europe, to build and sell photovoltaic or hybrid projects and energy storage facilities.
Zarea, a major player on Romania’s alcoholic beverages market, controlled by Poland’s Ambra, for 2023 reported turnover worth above RON211 million (EUR42.8 million), up 25.8% from 2022, in line with ZF calculations based on Finance Ministry data.
Carmeuse Holding, which owns three plants in Romania producing lime, in 2023 posted turnover worth RON281.8 million (around EUR57 million), down 11.6% from 2022, in line with ZF calculations based on Finance Ministry data.
Steel pipe distributor Comtech Co Slatina, owned by Romanian entrepreneur Constantin Goanta, in 2023 registered turnover worth around RON151.7 million (around EUR30.7 million), down 1.8 million from 2022, in line with ZF calculations based on Finance Ministry data.
Furniture manufacturer Simex, headquartered in Simleu Silvaniei, Salaj county, for 2023 reported turnover worth RON35.2 million (EUR7.1 million), down 18.3% year-on-year, in line with ZF calculations based on Finance Ministry data.
Soufflet Agro Romania, part of France’s Soufflet Group., posted RON217.5 million (some EUR44 million) revenue in 2023, 36% lower than the RON340.4 million (EUR69 million) of 2022, ZF has calculated from Finance Ministry data.
Singapore sovereign wealth fund GIC might be considering the sale of P3’s logistics project in Romania, according to real estate market data, and the shortlist is said to include CTP, WDP, as well as Garbe and Hillwood.
Fondul Proprietatea (FP.RO) on Wednesday evening notified the Bucharest Stock exchange that total subscription in its public tender offer conducted to buyback its shares stood at 1.85 billion shares or 686.14% of the offer; the allocation ratio is 0.1457423805.
Natural gas producer and supplier Romgaz (SNG.RO) on Wednesday notified the Bucharest Stock Exchange that it had commenced the process of delisting the global depository receipts (GDR) from the standard listing segment of the Official List (the "Official List") of the UK Financial Conduct Authority,
DIY retailer MAM Bricolaj (stock symbol: MAM), which sells furniture materials and accessories, reported net profit of RON420,552 for the first half of 2024, compared with RON240,583 in the same period of 2023, as per its half-yearly financial report published at the Bucharest Stock Exchange on Sept 25.
Do-it-yourself (DIY) store chain Leroy Merlin will be opening its 22nd store in Romania and its first in the town of Pitesti, on October 2, 2024.
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, is planning to implement a number of cost cutting solutions soon, as four years after the pandemic, the automotive industry is still unable to return to the volumes before it.
CBRE Romania is strengthening the presence of its ESG & Sustainability Solutions division in the commercial real estate sector through its latest partnership with Access4you, a Hungarian company with international recognition, specializing in building accessibility certification.
The online commerce has significantly developed over the last years and the volume and frequency of orders is constantly growing, as per a survey conducted by the easySales, a platform focused on e-commerce activity automation and centralization.
Agroland Agribusiness, a Romanian entrepreneurial company part of Agroland group, specialized in the sale of agricultural inputs, registered operating revenues worth RON30.6 million in the first half of this year, up 7% from H1/2023, RON2.3 million EBITDA, 5% higher than in the same period of last year, and a RON1.4 million net profit, up 15%.19522 items