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Romanian engine manufacturer Uzina Constructoare de Masini (UCM) Resita reported net loss of RON12.2 million for 2023, compared to profit of RON429 million in 2022, according to the financial report published at the Bucharest Stock Exchange.
The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment worth over EUR14 million and is due to open on April 16, 2024.
DN AGRAR Group (DN.RO), the largest integrated livestock farm in Romania, with cow milk production and vegetable production, ended 2023 with net profit of RON23 million, up 63% on the year.
Romanian producer of organic farming inputs Norofert (NRF.RO) reported total revenue of RON41.9 million for 2023, at IFRS consolidated level, down 41.6% versus 2022.
STRABAG, the European technology group for construction services, has completed the T4 terminal of the Iasi International Airport.
The Traian Vuia international airport in Timisoara, western Romania, has inaugurated on Friday (March 29) a terminal destined exclusively for passengers who will be traveling in the Schengen space, starting with March 31, 2024.
The Board of Directors of the Electrica Group approved the consolidated value of the investment plan (CAPEX) for 2024, in the total amount of over RON1.12 billion, with RON878 million representing the annual financial plan for the investments of Distribuţie Energie Electrica Romania (DEER), member of the Group, the largest distribution operator in Romania.
Romanian authorities issued 2,556 residential building permits in February 2024, 39.7% more than in January 2023, but 0.6% fewer than in February 2023, data from the country’s statistics board INS showed on Friday (March 29, 2024).
Agricover Holding, an entrepreneurial agricultural business, posted RON44 million consolidated net profit in 2023, the company announced on Friday.
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to support production of the new Ford Puma, of the Ford Transit Courier and Ford Turneo Courier models, as well as for the production of fully electric versions thereof.
Winemaker Purcari (WINE.RO), whose shares are included in the BET, has signed an agreement to acquire 100% in Timbrus Purcari Estate (Targoviste), the company announced, a deal that enables it to expand into the Stefan Voda wine region, adding about 130 hectares of farmland, including 112 hectares of vineyard in the Purcari village.
Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring with its “Pre-Owned” program, launched in 16 countries already, industry sources told ZF.
Pambac, one of the largest players in the milling and pasta product market in Romania, has budgeted investments of approximately EUR9 million for this year to upgrade its pasta plant, to retool its two mills, for wheat and corn, and to purchase new equipment.
Premier Energy, the third leading household supplier of natural gas in Romania, held by Czech investment company Emma Capital, will focus on integrating the recently acquired CEZ Vanzare on short term and in the medium and long run will focus on expanding the gas distribution network and boosting the green power generation portfolio.
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, has budgeted a 10% increase in turnover for 2024 vs 2023, up to EUR55 million, as per calculations by Ziarul Financiar (ZF) daily based on company data.
Aquila Part Prod Com (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, has called shareholders for an April 19 meeting to vote, among others, on the distribution of a gross dividend of RON0.07084 per share.
Timisoara-based 123 FormBuilder, a cloud-based web form builder that enables businesses of all sizes to create surveys, forms, quizzes and polls, ended 2023 with net profit of RON6.3 million, up over 1,600% versus net gain of RON0.35 million in 2022, in line with data available on finance ministry.
Sighisoara-based Coralia Com, held by entrepreneurs Ovidiu Moldovan an Dan Perţe, reported a turnover of nearly RON70 million (EUR14.1 million) for 2023, up 8.1% on the year, as per calculations by Ziarul Financiar (ZF) based on finance ministry data.
IKON Trading, a distributor of professional products for beauty salons in Romania, reported a turnover of RON23.6 million (nearly EUR4.8 million) for 2023, up 13.8% from RON20.7 million (EUR4.2 million) reported for 2022, as per data on the finance ministry website.
Romania's Competition Council approved the transaction whereby Prime Capital Invest SRL and the group that includes Agro-Chirnogi SA and Maria Trading SRL intend to take over Aqua Bilbor SRL.19501 items