Found 19029 news
Danube freight carrier Transport Trade Services ended the first quarter of 2024 with RON32.1 million net consolidated profit, down 63.9% from Q1/2023, but up 163.8% from Q1/2022.
Sole Mizo Romania, part of Hungary’s Bonafarm group, posted RON167 million revenue in 2023, down 5% from the previous year, Finance Ministry data show.
Dr. Leahu Dental Clinics, founded by dentist Ionut Leahu 14 years ago, became Regina Maria Dental Clinics after the Regina Maria healthcare network acquired the majority stake a year ago in the largest transaction of 2023.
Keysight Technologies Romania (the former Ixia), the local division of US Keysight Technologies, ended 2023 with a turnover of RON170.7 million (EUR34.3 million) in 2023, down 14% from RON196.7 million (EUR39.5 million) reported in 2022, as per data on the finance ministry website.
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
Safety Broker, the largest insurance broker on the Romanian market, has received the approval of Romania's financial regulator ASF to officially become part of US-held broker Acrisure, in line with information provided by the company.
Electricity supplier and distributor Electrica (EL.RO) announced in a stock market report on Thursday (May 16) the signing of a Memorandum of Understanding with Esyasoft Holding Ltd., a subsidiary of the International Holding Company (IHC), Abu Dhabi, United Arab Emirates (UAE).
Romania’s state-owned natural gas producer Romgaz (SNG.RO) has informed its shareholders and investors in a report on May 16 about the establishment of a natural gas supply branch in the Republic of Moldova and its registration under the name "Societatea Nationala de Gaze Naturale ROMGAZ S.A. Medias – Chisinau Branch".
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, carried out investments worth RON70.3 million in the first quarter of 2024.
Romania's Finance Ministry raised RON1.37 billion from banks on Thursday (May 16), selling government paper in two auctions, at annual average yields of 6.03% and 6.59%, respectively.
Discount store chain PENNY Romania, held by Germany's Rewe Group, announced on Thursday (May 15) that it ended 2023 with a turnover of over RON8.32 billion, up 16% compared to 2022.
Real estate developer NEPI Rockcastle, the largest owner and manager of shopping centers in CEE, registered a 12.7% increase in net operating income in the first quarter of 2024 against Q1/2023, to EUR135 million.
Prices for old apartments in Brasov rose fast in April by 21% year-on-year to an average of EUR1,930/ square meter, while the average asking price for new apartments reached EUR2,053/ square meter, 8% higher than in April 2023, according to the latest data on Storia, the real estate platform launched by OLX.
Bucharest office market continued to grow in the first quarter of this year in terms of demand both as regards traded volumes, as well as the average deal level, amid an extremely limited supply, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Delgaz Grid, part of the E.ON Romania Group, in 2023 carried out the largest investments of the last 18 years, which targeted the natural gas and electricity distribution networks, and exceeded RON874 million (around EUR177 million).
The CONFIDEX index, which determines Romanian managers' confidence in the economy, shows that the proportion of managers who declare themselves optimistic about the situation of the Romanian economy has grown to 34%, compared to 26% in the previous semester, while 38% of them remain cautious, as per the latest CONFIDEX survey for the first half of 2024.
RCS & RDS, one of the leading providers of convergent electronic communication services in Romania, has announced that it has changed its name to Digi Romania, effective May 15, 2024.
Plastic packaging producer Romcarbon ended the first three months of 2024 with a net loss of RON1.5 million at an individual level, from a positive result of RON3.2 million in the same period of 2023.
Arctic Stream, an IT security and infrastructure integrator, for the first three months of 2024 reported RON1.98 million net profit, down 10% from the year-earlier period, and RON1.8 million operating income, 35% lower.
Patria Bank in the first three months of 2024 recorded net profit worth RON8 million, up 171% from the year-earlier period. The result incorporates the new tax on turnover of 2% applicable to credit institutions starting with 2024.19029 items