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Geological surveying company Prospectiuni Bucuresti (PRSN.RO) ended the first quarter of 2024 with RON3.5 million net profit, an increase of 177% on the year-ago period, while revenue was 15% lower, RON47.5 million.
Romania's Finance Ministry raised RON4 billion from banks on Thursday (May 23), selling government paper in two auctions, at annual average yields of 6.03% and 6.55%, respectively.
Lidl companies in Romania (Lidl Discount SRL, Lidl Romania SCS, Lidl Romania SRL and Lidl Imobiliare Romania Management SCS) ended 2023 with a consolidated turnover of over RON22.4 billion, up 18% on the year, and net profit of nearly RON1 billion, close to 2022 level.
Innobyte, one of the leading Romanian companies specialized in services and solutions for e-commerce, ended the first quarter of 2024 with a nearly 25% increase in turnover, to RON3.3 million, compared to the same period of 2022, company representatives said in a statement.
Bittnet Group (BNET), the first company in the IT sector listed on the Main Market of the Bucharest Stock Exchange, has listed a new issue of bonds worth RON6.6 million, under the stock ticker BNET28A, on Thursday (May 23).
The Competition Council is assessing the transaction whereby The New Originals Company GmbH intends to acquire the assets owned by Dr. Oetker Romania.
Romania's Competition Council approved the transaction whereby Ambienta SGR S.p.A., through HoldCo 69 S.r.l., intends to take over Officine Maccaferri S.p.A. and its subsidiaries.
Goldring, one of the most active brokers in Romania in terms of listings and trading at the Bucharest Stock Exchange, has appointed Nicolae Tudor to the position of Director, Head of Sales & Trading.
Startup Pluria, which in 2020 launched a platform via which company employees have access to flexible workspaces, adapted to the new hybrid work model, has acquired Bili, a fast menu&pay mobile solution.
Romania has become the 15th largest market for Italian agri-food products worldwide, being outranked only by Poland and Greece, in Central and Eastern Europe (CEE).
IT&C solutions and systems integrator Datanet Systems ended 2023 with turnover worth above EUR41.7 million, up 12% from the previous year.
Danone Romania in 2023 registered RON1.0 billion turnover, up 18%, and RON68.4 million profit, 6% above the 2022 level.
The Board of Governors of the Black Sea Trade and Development Bank (BSTDB) has completed the subscription process for the Bank’s second capital increase during a special meeting held in Ankara, Türkiye.
Italian group Artsana, which manufactures children's textiles in Botosani under brands such as Chicco and Prenatal, is planning to close its factory in Romania, market sources told ZF.
Perfumery and cosmetics retailer Douglas Romania has opened the 43rd store in the local market, in Zalau Value Center located in the town of Zalau, and plans to continue expansion in 2024.
Join Up travel agency, part of the similarly named Ukrainian group, started operating in on the Romanian market last year and aims to sell over 140,000 vacations to Romanian tourists this year. The agency operates only in the B2B segment, which means it sells its holiday packages to local travel agencies.
Builder M.I.S-Grup based in Bistrita-Nasaud County and held by the Farcas Family, reported a turnover of RON312.9 million (EUR63.3 million) for 2023, up 60% year-over-year, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
DHL, one of the largest courier services companies in Romania, has budgeted investments of EUR10 million in 2024 for the acquisition of electric vehicles and for its distribution centers.
Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, which they use for investments on the Bucharest Stock Exchange, among others, posted RON2.3 billion net profit in 2023, up 52% from the previous year, while revenue rose 36% to RON2.33 billion.
Netcity Telecom, the operator of the underground fiber optic network of Bucharest, ended 2023 with a 10% annual increase in turnover, to RON61.2 million (EUR12.3 million), in line with finance ministry data.19029 items