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The management of Infinity Capital Investments proposes the 2023 net profit of RON67.7 million be distributed to reserves, for own resources, to support future investments, based on a year 2024 full of uncertainties, which can create, along with inherent risks, investment opportunities.
Entrepreneur Florin Fodor, who almost two decades ago set up musical instruments store network Fly Music together with his wife Liliana Fodor, wants to expand further in Europe, with an online store to sell its products.
Moldovan Carmangerie, with activities in the meat industry and part of a group of companies founded and controlled by Moldovan family, will invest around EUR16.8 million in a new production unit in Sannicoara locality of Cluj county.
Prahova-based Feruccio Group, controlled by businessman Ninel-Aurelian Alexandru, is investing EUR2.5 million in a winery and has submitted a project for the development of a EUR1.7 million hotel based on funds granted under the Just Transition Program.
Car parts supplier Eckerle Automotive, the Romanian subsidiary of Germany’s Eckerle, ended 2023 with turnover of almost RON270.6 million (EUR54.7 million), up 6.8% from RON253.3 million (EUR51.4 million) in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, is considering distributing dividends of RON4.7 million to its shareholders, as per the convening notice drafted by the company's Board of Directors.
Romanian state-owned oil transporter Conpet Ploiesti (stock symbol: COTE) has called shareholders for an April 25 meeting to vote on the distribution of nearly RON56 million dividends from its 2023 net profit of RON67.6 million, as per a stock market report.
Building materials holding Roca Industry (ROC1.RO), owned by ROCA Investments, has budgeted net profit of RON6.3 million, EBITDA of RON65.5 million and turnover of RON655.4 million for 2024, as per data from the budget of revenue and expenditure published at the Bucharest Stock Exchange.
Natural gas transmission company Transgaz (TGN.RO) has called its shareholders to approve, among others, the distribution of RON66 million as dividends from its 2023 profit.
Rompetrol Well Services (stock symbol: PTR), the oil services division of Rompetrol, has called its shareholders to approve, among others, the distribution of RON11.8 million as dividends from the company's 2023 profit.
Bacau-based Simba Invest, a major consumer goods wholesaler locally, targets an increase of at least 10% in turnover compared to 2023, to almost RON187 million, in line with calculations by Ziarul Financiar (ZF) daily based on company data.
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) has called shareholders to approve, among others, the distribution of RON30.5 million dividends from 2023 net profit.
RebelDot, a Cluj-based software development company, ended 2023 with a turnover of over EUR11.6 million, at a group level, up 40% on the year, company representatives said in a statement.
Edenred, a leading digital platform for services and payments and Romania’s leader in solutions for the employee benefits & engagement industry, announces the appointment of Görkem Oran as General Manager of Edenred Romania, starting from March 1, 2024
Asbis Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of ICT and IoT products, solutions and services for the Europe, Middle East and Africa (EMEA) markets, posted a 20% increase in revenue $61.63 million at the end of 2023, from $50.03 million in 2022, its representatives said in a statement.
Allianz-Tiriac has introduced the Apple Pay and Google Pay digital payment services which complement the initiatives of simplifying and optimizing customer experience.
PayPoint Romania processed more than 100 milion transactions worth a total of RON13.6 billion via its 25,000 partner stores and the 24pay app saw a 60% increase in the number of payments in 2023.
The percentage of Romanian CEOs who believe their organizations will need to reinvent their business model to survive in the next decade has risen to 37 percent this year, up from 27 percent in the previous edition of the PwC CEO Survey.
The volume of construction works in Romania shrank, in unadjusted data, by 77% in January 2024 compared with December 2023 and by 34.2% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Wednesday (March 20).
Lucian Anghel, who ran Banca Romaneasca between January 2020 and December 2022 has received approval from Romania’s central bank to become deputy chief executive officer of Libra Internet Bank, Libra announced.19075 items