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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.
IT infrastructure and security integrator Arctic Stream (stock symbol: AST) reported net profit of RON7.96 million for the first nine months of 2024, which represents over 69% of the net profit estimated in the company's budget of revenue and expenditure, of RON11.46 million, despite a 3% decrease compared to the same period of 2023.
Workshop Doors, a subsidiary of construction holding company ROCA Industry, has announced in a stock market report on Nov 7 that it signed three financing agreements with First Bank S.A. to obtain three credit facilities totaling RON21.4 million.
The almost EUR20 million investment of Poland’s Elemental Holding Group, the largest electronics and electrical equipment recycling operator in Europe, in an electronics recycling plant near Deva, Romania, will be completed in about one year and a half to two years.
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (Nov 6), selling government paper in two auctions, at annual average yields of 5.94% and 6.79%, respectively.
Romania's Competition Council has approved the transaction through which Axel Johnson Inc. intends to take over part of the capital of La Fantana SRL, a company which it will control together with Cristian Amza.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.4% in unadjusted data and by 7.7% when adjusted for seasonality and number of working days, in January-September 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Nov 7.
Poland tops the ranking of the largest companies in Central and Eastern Europe (CEE) in 2023, being followed by the Czech Republic, Hungary and Romania, according to the annual study by Coface.
Six of the ten largest builders in Romania forecast turnover growth this year, particularly supported by public works, reveals an IBC Focus survey, while 20% see stagnation and 20% a decline.
New retail project deliveries are likely to cross the 200,000-sqm threshold this year as well, close to the level of 2023, when developers built 213,000 square meters of new retail spaces, a seven-year high, as revealed by real estate consultancy Cushman & Wakefield Echinox data.
BVB in the first nine months of 2024 registered standalone operating revenues worth RON30 million, 18% lower than in the year-earlier period, and RON11 million net profit, down 39%.
OMV Petrom will, starting January 1, 2025, supply sustainable aviation fuel (SAF) to Romania’s national airline TAROM, on the basis of a contract sealed by the two companies.
CIS Gaz, a Romanian natural gas industry company, founded in 1990 by Sebastian Calugar, part of CIS Group holding, for 2023 reported turnover worth almost RON297.4 million (EUR60.1 million), down 15% from 2022, in line with ZF calculations based on Finance Ministry data.19990 items