Found 19522 news
Craiova-based Softronic, the only manufacturer of electric locomotives and multiple units in Eastern Europe, estimates it will end 2024 with 25% higher turnover than in 2023.
Local company TOP TECH, a business solutions integrator, posted a loss of more than RON1.6 million (EUR334,000) at the end of 2023, from a profit of RON573,644 (more than EUR115,000) in 2022, Finance Ministry data show.
Aquila Part Prod Com (AQ.RO), an entrepreneurial fast-moving distribution and logistics company, on Thursday evening notified the Bucharest Stock Exchange that the privately managed pension fund Metropolitan Life and Metropolitan Life Asigurari MetLife Europe had slightly exceed the 5% stake threshold in it.
The board of directors of franchise operator Sphera Franchise Group (SFG.RO) has called shareholders for an ordinary general meeting on October 7 to vote on the distribution of a special dividend of RON1.05 per share from the undistributed net profit of 2023.
E.ON Energie Romania has installed more than 3,500 photovoltaic systems at residential customers in the first eight months of 2024, eight times more than in the year-ago period.
Park Properties, the developer of SunLake Residence, located on the shores of Lake Fundeni in Bucharest has successfully finalized the sale of all apartments in the first two 12-story buildings of the residential complex and is preparing to start construction of the third phase, an 18-story building.
Deliveries of new retail spaces in Romania in the first half of 2024 totaled 87,400 square meters, significantly up from 30,000 square meters completed in the similar period of 2023, an evolution fueled particularly by the development activity of the second quarter, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Meta Estate Trust, a holding company operating in the real estate field, in the first half of 2024 posted RON6.3 million net profit, double the H1/2023 one.
Starting September 1, 2024, Mihai Tanase, 38, is the new Marketing Director of Dacia brand in Romania and the Republic of Moldova. He will directly report to Mihai Bordeanu, General Manager of Automobile Dacia.
Premier Energy Group, a producer, distributor and supplier of electricity and distributor and supplier of natural gas, ended the first half of 2024 with EUR512.4 million, 10% above the H1/2023 level.
Scandinavian home furnishings retailer JYSK, continues to expand in Romania and is opening two new stores, in Cluj-Napoca and Bucharest, thus reaching a 145-unit network locally.
Austrian builder Strabag ended 2023 with turnover worth almost RON2.2 billion, more than double the previous year, in line with Finance Ministry data.
Adrian Apostu, owner of Dino Parc of Rasnov, Brasov county, is readying another two similar projects, with different thematic, near Bucharest and in Covasna county. Investments in both projects, set to be completed in 2026, will revolve around EUR15 million.
Timisoara-based lighting fixture and system manufacture Elba, a supplier of automotive lights for such groups as Dacia-Renault and Skoda, posted RON301.9 million (EUR61 million) revenue in 2023, an increase of 42% on 2022’s RON289.5 million (EUR58.7 million), ZF has calculated from Finance Ministry data.
Systematic Development Center, a private IT company based in Denmark that develops software and solutions for various customers, including for NATO militaries, intelligence services and the healthcare industry, ended 2023 with more than RON61.2 million (EUR12.3 million) revenue, up 22% from the previous year’s RON49.9 million (more than EUR10 million), Finance Ministry data show.
The board of directors of chemical producer and supplier Chimcomplex Borzesti (CRC.RO) has called shareholders for September 30 to vote among others on the extension of a EUR40 million loan facility.
Romania media and entertainment market is expected to grow by 2.5% this year, to EUR4.43 billion, with most segments set to register increases, in line with PwC Global Entertainment & Media Outlook 2023-2027 (GEMO) report.
Allianz-Tiriac Asigurari ended the first half of 2024 with gross written premiums of more than RON1.8 billion, 7.1% higher than in the year-ago period. Life insurance saw the fastest growth pace in the first half.
A Reff & Asociatii lawyer team and fiscal experts of Deloitte Romania assisted local company Helinick, operating in the field of electronic security systems, in the sale process to Convergint, one of the world's largest players in the field.
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in the first six months of 2024 recorded RON8.6 million net profit, 40% higher than in H1/2023.19522 items