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Paint manufacturer Policolor - Orgachim ended 2023 with consolidated revenue of EUR71.2 million and expects it to reach EUR77.7 million in 2024, the group announced on Wednesday.
The ten largest stockbrokers on the Bucharest Stock Exchange, i.e. those financial investment companies unaffiliated to banking groups, ended 2023 with RON235 milion revenue together, an increase of 13% on 2022 and significantly improved profitability after gaining new clients.
Belgian-held real estate developer Liebrecht & wooD, whose projects include West Park Retail Militari and East Park Retail Pallady, announces continuation of investment in the east of Bucharest.
Endeavor Romania and UniCredit Bank have concluded a strategic partnership which will facilitate the access to financing and resources for companies founded by Romanian entrepreneurs.
The shareholders of Romanian building materials producer Cemacon (BSE:CEON) have approved the delisting of the company from the Bucharest Stock Exchange (BSE), within an operation to be intermediated by stockbroker Estinvest, as per a stock market report released on June 5.
The level of inflation on the markets of Central and Eastern Europe is expected to rise or stay above the target ranges of central banks by the end of 2024, as April brought renewed prices increases in Poland, Czechia and Hungary, after a year when inflation registered a stronger-than-expected decline in the region, shows an analysis conducted by Allianz Trade.
Holcim Romania, one of the largest producers of construction materials in Romania, by turnover, announces the appointment of Remus Viscol to the position of Managing Director of the Aggregates Division.
MAGNOR holding, a Romanian-held company specializing in pawnbroking and money exchange services, ended 2023 with RON100 million turnover, up 25% from the previous year.
Turkish furniture producer Adore Home, active on the Romanian market since 2022, expects EUR3 million turnover on the local market, 2.3 time higher than the EUR1.3 million level of 2023.
Transelectrica has announced at the bourse the new tariff for system services that will apply for all end clients starting June 1 for electricity extracted from the company’s networks.
Steel pipe and profile maker Mairon Galati, held by the Miron family, ended last year with RON1.87 billion revenue, down 26% from the previous year, Finance Ministry data and ZF’s calculations show.
Network One Distribution (NOD), Romania’s largest IT equipment distributor, exceeded the RON2 billion turnover threshold in 2023, reporting a total RON2.06 billion (EUR415.4 million), up 14.8% from 2022, as per data sent by the company to the finance ministry.
Duvenbeck Logistik, one of the largest transportation and logistics companies locally, ended 2023 with a turnover of almost RON443.8 million (EUR89.7 million), up 5.2% from RON421.6 million (EUR85.5 million) in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Automotive safety systems manufacturer Autoliv Romania, the local subsidiary of Swedish group Autoliv, reported a turnover of over RON6 billion (EUR1.2 billion) for 2023, up 23.3% from RON4.87 billion (EUR989.4 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Five-star hotel Vibre in Cluj-Napoca has reached an occupancy rate of 55%, having opened last August. Demand for accommodation services has been steadily increasing from month to month, so the expectations of Cristina Petrut, the hotel's owner, are to end the year with an average occupancy rate of 65% to 70%.
Iasi-based medical group Arcadia, which operates several clinics and hospitals and is the biggest healthcare operator in the region of Moldavia, ended 2023 with a turnover of over RON195 million (nearly EUR40 million), up 11% on the year.
The 20 largest actors in the meat industry in Romania posted RON13.6 billion or almost EUR3 billion revenue together last year, an increase of 7.5% on the previous year, ZF has calculated from the data provided by companies and from public data available from the Finance Ministry.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 4% in April 2024 compared to April 2023, with the energy industry and the intermediate goods industry seeing price declines of 13% and 3.7%, respectively, data from Romania’s National Statistics Institute INS showed on Tuesday (June 4, 2024).
Liviu Diaconescu and Victor Capitanu, the founders of real estate developer One United Properties (BSE:ONE) bought shares in the company in the amount of over RON3 million, through their investment vehicles, within three trading sessions at the Bucharest Stock Exchange, as per a stock market report.
Delphine Mirelle Garcin-Meunier, who served as head of group strategy with Société Générale and has been a member of the Executive Committee of the group since 2023, has received approval of Romania’s central bank for her position as chairperson of the Board of Directors of BRD-Groupe Société Générale, the bank said in a report to the Bucharest Stock Exchange on Tuesday.19029 items