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French group Auchan, one of the most powerful players in Romania’s food retail, will end 2024 in the black as both the value of the average receipt and the number of clients have risen.
The shareholders of real estate developer One United Properties (stock symbol: ONE) announced in a stock market report on October 10 that it approved several key resolutions during the General Meeting of Shareholders held on October 10, 2024.
Construction company Viarom Construct, owned by Marius Daniel Badina, reported for 2023 a turnover of RON195.1 million (EUR39.4 million), down 7% from RON210 million (EUR42.6 million), in line with calculations by Ziarul Financiar (ZF) daily based on data available on the finance ministry website.
Interpork Plus, which sells meat and meat preparations and is part of the Carmistin group, owned by the Paraschiv family, ended 2023 with a turnover of RON571.7 million (EUR115.6 million), up 24.1% from RON460.5 million (EUR93.4 million) reported in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Romania's mergers and acquisitions (M&A) market rebounded in the third quarter of 2024 compared with the first half of the year, with 77 deals announced in the July-September period, compared with 53 deals recorded in the similar period in 2023, according to a PwC analysis.
Investment company Morphosis Capital has launched the second private equity fund, Morphosis Fund II, which aims to carry out 9-10 investments worth an average EUR10-15 million each, as per data announced by representatives at an event attended by Ziarul Financiar (ZF) daily.
The Competition Council is submitting for public consultation the commitments proposed by Delhaize "The Lion" Nederland B.V. (Mega Image) to address competition concerns identified in the market for product purchases from suppliers, in the context of the takeover of Profi Rom Food S.R.L..
The total value of investments forecasted by the 37 companies eligible for funding through the “InvestALIM” funding program amounts to over RON4 billion (overEUR 800 million), while the amount of state aid requested amounts to over RON2.3 billion (over EUR450 million), as per data provided by REI Grup, one of the most active consulting companies specialized in attracting non-reimbursable funds through European funds or state aid in Romania.
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, announces an upward revision of its net profit for the first half of 2024, after the auditors’ review of the interim financial data, to EUR24.4 million (EUR1.2 million more than initially reported).
Romania’s statistics board INS upwardly revised the country’s economic growth for the second quarter of 2024 against the same quarter of 2023 and the first quarter of 2024.
Romania's trade balance posted a deficit of EUR20.9 billion in January-August 2024, higher by 14.6% compared to the same period of 2023, data from the country's statistics board INS showed on Thursday (October 10).
Employees are starting to gradually adapt to the pre-pandemic work patterns, so that over 82% of them believe they would not have any problem working daily in the office should employers decide this in the future and even say they would adapt quite quickly, reveals a survey recently conducted by Genesis Property among 1,168 respondents countrywide.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, completed the acquisition of 50% of the shares of Electrocentrale Borzeşti from RNV Infrastructure. The latter owns renewable energy projects with a capacity of approximately 1,000 MW, comprising of 950 MW of wind power and 50 MW of photovoltaic capacity. The acquisition was announced earlier this year. The wind projects will be developed, built, and operated in partnership with RNV Infrastructure. The photovoltaic project is in production tests.
Foreign direct investments in Romania’s real estate and construction field in 2023 rose by EUR2.1 billion, holding the second biggest weight in the overall FDI at end-2023, namely 17.5%, reveal Romania central bank BNR data analyzed by real estate consultancy Cushman & Wakefield Echinox.
Luther Imobiliare has taken over and will continue “Fosta Fabrica” project, a monument conversion and consolidation and urban regeneration one.
Furniture parts supplier WIP Industries Romania, the local subsidiary of Sweden’s WIP Holding, for 2023 reported turnover worth RON90.8 million (EUR18.3 million), up 27.4% from 2022, in line with ZF calculations based on Finance Ministry data.
OMV Petrom, Romania’s main local oil and gas producer, in July-September 2024 reached total hydrocarbon production of 107.2 thousand barrels of oil equivalent per day, down 5.6% from Q3/2023, in line with ZF calculations based on company data.
Stonevault, a Baia Mare-based producer of sofa springs, reported a net profit of RON16.1 million (EUR3.2 million) for 2023, up 26.5% from a net gain of RON12.7 million (nearly EUR2.6 million) reported in 2022, as per publicly available data.
TeraPlast Group on October 9 announced the signing of a purchase agreement to acquire 70% of the share capital of Optiplast, the third largest flexible packaging manufacturer in Croatia.
A transaction with 200,000 shares of the Bucharest Stock Exchange, representing 2.26% of the total shares of the local stock exchange, was registered in the stock market system on October 9, 2024, as per calculations by Ziarul Financiar (ZF) daily.19990 items