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Bucharest-based company Ingram Micro Distribution, part of US IT&C distribution group of the same name, had a net profit of RON8.9 million in 2023, up 58% on the year, in line with data available on the finance ministry website.
State-run Nuclearelectrica (SNN.RO), the operator of the Cernavoda nuclear power plant, is getting ready to amend its 2024 budget to reflect a 2% decline in revenue a 5% decline in profit estimates from the initial expectations due to a drop in electricity prices and the new legislative regulations.
The Gral Medical Group, created by the Serban family, will expand with four new centers in 2024 to add to the network of medical laboratories, medical clinics, collection centers and hospitals that the private operator has developed in recent years.
ibis Styles, the brand owned by French group by Accor, announced the opening of ibis Styles Venus, the first internationally branded hotel to debut on Romania’s Black Sea Coast.
OMV Petrom (SNP.RO) is calling shareholders for July 25 to approve, among others, the distribution of a RON0.03 gross special dividend per share or about RON1.9 billion in all, it said in a report to the Bucharest Stock Exchange on Tuesday.
This year, 37% of Romanians intend to go on holiday abroad and the most popular direction proved to be Greece; on the longest of foreign journeys, 1/3 plan to spend between EUR 201 – 600 per person, and 83% of Romanians travelers will pay by card, smartphone, or smartwatch once there.
Purcari (WINE.RO), one of the leading wine producers in Central and Eastern Europe, on Tuesday announced the appointment of Anatol Belibov as the new chief financial officer, effective July 1, 2024.
SMEs in Bulgaria, Croatia and Serbia now have access to a market tested and proven self-paced e-learning platform that aims to cover all the local business sustainability needs.
The European Investment Fund (EIF) is launching the Gender Smart Equity Investment Program, collaborating with national promotional institutions and regional partners to promote gender diversity in venture capital and private equity by empowering women in leadership roles.
Romania's Competition Council has launched an investigation into a possible price-fixing agreement between companies that provide archive services to citizens requesting the release of documents needed to recalculate pensions.
Romania had the highest annual inflation rate, of 5.8%, among European Union Member States, for the fifth consecutive month, in May 2024 compared to April 2024, data from Eurostat, the statistical office of the European Union, showed on Tuesday (June 18).
America House, the office building having among shareholders Morgan Stanley and David Hay, has added to financial services multinationals, VSR and Ebury, to its tenant mix.
A giant project of around 770 MW in Suceava got Transelectrica’s technical ok last month to connect to the network.
UPS Romania, a major player on the local courier services market, part of the US group of the same name, bets on Romanian companies’ exports to scale up its local business.
Deloitte Tehnologie SRL, the IT services center the consulting and auditing company opened in Bucharest in 2016, saw its revenue growth pace abruptly slow down in 2023, following six double-digit increases (between 499% and 22%), and the number of employees shrank for the first time, Finance Ministry figures show.
IBB Holding Group (IBB Holding), a group of 12 companies operating in the construction industry, mainly infrastructure construction, plans to raise EUR10 million through a bond issue on the Bucharest Stock Exchange to increase production capacity and secure working capital.
Entrepreneurial group Agroland Business System (AG.RO), which owns the largest farming supplies store chain in Romania, on Monday added more items to the agenda of the Extraordinary General Meeting of shareholders set for July 1, at the request of the majority shareholder and chief executive officer Horia Cardos.
Fuel trader Votrom, held by the Tulvan family in Oradea, ended 2023 with a turnover of RON768.8 million (EUR155.4 million), slightly lower than RON774.2 million (EUR157 million) reported in 2022, in line with data on the finance ministry website.
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6% from RON211.5 million (EUR42.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in April 2024 compared to March 2024, but increased by 8.5% compared to April 2023, data from the country's statistics board INS showed on Monday (June 17).19990 items