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Adrem group, a major local entrepreneurial business providing services and solutions for the energy and industrial sector, has contracted an over RON32 million loan from ING to support its development plans, with a focus on the expansion of energy efficiency services.
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0781 units/euro in the next 12 months, while the estimated rate of inflation will reach an average value of 5.78%, down by less than a percentage point against the December 2023 rate.
Romanian company TARA Interactive, specialized in software development, plans to expand its activity to the Middle East, Vlad Lepadatu, managing partner at the company, told ZF.
WDP’s Romania projects in 2023 generated revenues of above EUR72 million, in line with the company’s report.
Romanian state-owned oil transporter Conpet Ploiesti included in its 2024 revenues/expenses budget the sum of RON588.7 million for revenues, namely a 7.6% increase based on the 2023 estimated result.
Electrical power producer Hidroelectrica (H2O.RO), the most profitable state-owned company in Romania, included a preliminary net profit of RON6.02 billion for 2023 in its 2024 spending and revenue budget, an all-time high and 50% above than the RON4 billion of 2022.
Luca Militello, the CEO of the privately owned Monza health group, along with his wife and other partners, is betting EUR500,000 on expanding the Sciccheria brand of Italian restaurants by opening a second location in the center of Bucharest. It will be located in the Rosetti area, at 4, Tudor Arghezi.
Specialty café chain Boiler has reached seven stores in Bucharest after the company opened a new one in the Casa Presei Libere area, a café-bistro in which it invested EUR380,000.
Bankrupt wire factory Dan Steel Group Beclean, one of the most important companies in the Romanian metallurgical industry, has been sold in a public auction for EUR7.5 million euros to Intertranscom Impex SRL, a welded mesh manufacturer in Bacau owned by entrepreneur Ioan Teslaru.
Danube freight carrier Transport Trade Services (TTS.RO) notified investors on Friday about a shareholder exceeding the 5% stake threshold. That shareholder is Metropolitan Life Pensii Private, one of the largest Pillar II pension funds in Romania.
The European Investment Bank has sealed a EUR40 million loan agreement with Austria’s Eldrive Holding, controlled by Bulgarian investors, for the deployment of 8,472 EV charging stations in Bulgaria, Lithuania and Romania in the next three years.
Leroy Merlin, the second largest DIY retailer locally by turnover, in 2023 boosted turnover by 3% against 2022.
Constructii Erbasu, a company owned by entrepreneur Cristian Erbasu, in 2023 earmarked around EUR12 million for investments, with part of the money being aimed at production expansion and another one at real estate investments.
Despite significantly recovering from the decline of 2022 and reaching RON20 billion at the end of 2023, the assets of the ten largest companies in the Romanian asset management industry (namely, over 90% of the market) still are way behind the RON25 billion level recorded on December 31, 2021, in line with calculations by Ziarul Financiar (ZF) daily based on data from the Association of Fund Managers (AAF).
Romanian precast concrete product manufacturer ASA CONS, based in Turda, has budgeted a turnover of almost EUR30 million and investments of EUR1 million in 2024.
“Avram Iancu” International Airport in Cluj, Romania’s second largest, ended last year with 3.24 million passenger traffic, an increase of 23% year-on-year and three times the level of ten years ago, data from the Romanian Airports Association (AAR) and ZF’s calculations show.
Plastic packaging maker Romcarbon (ROCE.RO) has announced in a stock market report on Thursday (Jan. 25, 2024) that it sold 20,000 shares of green power producer Hidroelectrica (H2O.RO) on January 23.
The Board of Directors of pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) announced in a stock market report on Thursday (Jan. 25, 2024) that it has called shareholders for a meeting on February 29, 2024 to vote on contracting a RON35 million credit facility for the company's current activity.
IT group Bittnet (BNET.RO) on Thursday, January 25, elected its board of directors in a general meeting of shareholders, as the terms of the current board expire on January 29, 2024.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) has received the shareholders' approval to increase its share capital by RON31.9 million.19075 items