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Romanian natural gas producer and supplier Romgaz (SNG.RO) on Wednesday (March 20) announced its shareholders in a stock market report that it opened a term deposit in amount of RON201.1 million, with Exim Banca Romaneasca.
The board of directors of the Bucharest Stock Exchange (BVB.RO), the operator of Romania’s capital market, has called shareholders for an April 24 meeting to vote, among others, on the distribution of RON12.5 million dividends from 2023’s net profit of RON21.8 million.
Romanian fast food chain Fryday, established by Suceava entrepreneur Lucian Florea, has grown to nine restaurants and ended last year with RON28.6 million (EUR5.7 million) revenue, double as much as in 2022.
Romania's economic growth of 2.1% in 2023 was generated almost 50% by the construction sector, which ended up accounting for 8% of the country's GDP, compared to 6% in 2018.
Banca Transilvania (stock symbol: TLV), the largest lender in Romania, by assets, has announced that its Board of Directors decided on March 19, 2024 to approve the buyback of a maximum number of 2 million shares (out of a total 5 million shares approved to be repurchased by shareholders), as per a report published at the Bucharest Stock Exchange (March 19).
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 3rd place in the ranking of the largest banks in Romania by assets in 2023, overtaking BRD, which is held by French group Societe Generale.
Omniasig, the largest company in the local portfolio of Austria's Vienna Insurance Group (VIG), ended 2023 with an increase of 12% in gross written premiums compared to 2022, up to a total RON2.4 billion, in line with data provided by the insurer.
On March 19, the closing event of the twinning project financed by the European Union “Consolidation of supervision, corporate governance and risk management in the financial sector” took place in Chisinau.
Meta Estate Trust (stock symbol: MET), a holding company active in the real estate sector, announced in a stock market report on March 19 that it acquired the company Poiana SPV 6814 SRL, in order to strengthen Meta Estate's position in Poiana Brasov, an area of investment interest, and to over-guarantee Meta Estate's shareholders' investment made so far.
Private medical services operator MedLife announced on March 19 the signing of the addendum regarding the increase of the credit limit by an additional amount of EUR50 million, according to the approval received from shareholders during the 22 December 2023 EGSM, the total value of the borrowed capital thus reaching EUR268.3 million.
Pizza Hut restaurant chain held by Sphera Franchise Group in Romania, which also holds the KFC and Taco Bell franchises, underwent a significant restructuring process in 2023 and 2024, which entailed closing almost one third of the restaurants in order to break even and then turn a profit.
OMV Petrom (SNP.RO), the largest oil company in Romania, has budgeted RON5.2 billion net profit for 2023, an increase of 31% on the 2023 figure, while sales should increase by 1% to RON33.3 billion.
EY Romania is expanding its team of partners by recruiting Sebastian Popescu, who has also taken over the coordination of the consulting services line in the field of Grants and Incentives, effective March 18, 2024.
Delgaz Grid continues its investments in smart meters and the modernization of electrical networks in Suceava (northern Romania).
Norofert, a local producer of organic inputs for agriculture, has started the construction of an input production line in Watertown, South Dakota, a major agricultural area in the US.
CTP, continental Europe’s largest listed developer and administrator of industrial and logistic spaces, has signed for a syndicated loan facility totally worth EUR200 million to refinance the development of 40 A-class green logistic and industrial buildings with a combined leasable area of 565,000 square meters within CTPark Bucharest project.
CEC Bank, a lending institution controlled by the Romanian state via the Finance Ministry, in 2023 registered an estimated unaudited net profit worth RON515.8 million, up 15%.
The hotel sector continued its rebound in 2023, with a sustained increase in leisure tourism, with the number of Romanian tourists accommodated in local hotel structures nearing 7 million, very close to a record high, and also above the average of pre-pandemic years, reveals Colliers’ annual report.
Patria Bank (stock symbol: PBK) has informed investors in a stock market report on March 18 that Romania's National Bank approved the appointment of Grigore-Valentin Vancea to the position of Chief Executive Officer (CEO) and member of the Executive Committee of Patria Bank.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, inched up to 6.08% a year on Monday (March 18) after edging down to 6.07% a year on Friday (March 15).19075 items