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Cybersecurity company Safetech Innovations (SAFE.RO) reported a turnover of RON31.1 million, at an individual level, down 11% compared to 2022, and net profit of RON9.7 million, down 5% on the year, as per the company's preliminary financial results published at the Bucharest Stock Exchange on Tuesday (Feb 27).
Aro-Palace (ARO.RO), the company that manages two hotels in Brasov, reported net profit of RON35.2 million for 2023, compared to a loss of RON708,200 in 2022, and revenue of RON80.5 million, up 125% vs 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's annual preliminary financial report.
Aquila Part Prod Com, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, has got the greenlight from the Competition Council to take over Romtec Europa and has finalized the deal totally worth EUR3.2 million.
Dental clinic network Dr. Ardeleanu has opened a stomatology center in Calarasi in the wake of a EUR700,000 investment, only four months after the company opened a similar unit in Slobozia.
Romanian company TARA Interactive, specialized in software development, ended 2023 with turnover worth above EUR1.2 million (at group level), up 15% from the previous year.
AROBS Transilvania Software, the biggest tech company listed on the Bucharest Stock Exchange, has fully acquired Infobest group, specialized in the development of customized software solutions, with offices in Timisoara and Leverkusen, Germany.
One United Properties, the leading green developer of residential, mixed-use and office real estate in Romania, reported preliminary consolidated turnover worth RON1.5 billion for 2023, up 30% from 2022.
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0416 units/euro in the next 12 months, while the expected rate of inflation will register an average value of 5.57%, a 20-month low.
Hidroelectrica, Romania’s largest energy producer, in 2023 registered revenues worth RON12.2 billion, up 30%, and net profit of RON6.33 billion (EUR1.2 billion), 42% above the 2022 level.
Romanian state-owned port operator Oil Terminal (OIL.RO) has budgeted net profit of RON15.7 million for 2024, up 9.8% from the net result anticipated for 2023, and also expects total revenue of RON392.7 million, up 10.3% from 2023.
Alexandrion Group, the largest producer and distributor of spirits and wines in Romania by turnover, has announced the signing of a joint venture with the casa tequilera ‘Casa Aceves’ based in the Highlands of Jalisco, the main tequila-producing area in Mexico.
Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a leading renewable energy business in the country, reported a consolidated turnover of RON295.6 million for 2023, up 112% from 2022, and net profit of RON27.4 million, up 115% on the year.
Revolut is entering the bank deposit market in Romania and rolling-out annual interest-bearing in-app savings accounts to its over 3.5 million customers in Romania.
Softbinator Technologies (CODE.RO), a group of IT companies, reported consolidated turnover of RON32.2 million for 2023, almost flat on the year, and a net loss of RON5.2 million versus net profit of RON3.8 million in 2022.
Flanco, the second largest actor in Romanian computer and electronics retail, has extended the term of office as Chief Executive Officer (CEO) of Dragos Sirbu for four more years, until February 10, 2028, as per a decision made by the Board of Directors and recently published in Romania's Official Journal.
Building materials manufacturer TeraPlast Bistrita (TRP.RO) has announced on Monday (Feb 26) the conclusion of an issuer market maker agreement with Raiffeisen Bank International AG (RBI).
The shareholders of Romaero Bucuresti (RORX.RO), a state-run strategic company for Romania’s aerospace and defense industry, on Monday (Feb 26) designated the special administrator that will lead the debtor's activity and will represent their interests throughout the insolvency procedure, in the person of economist Ionel-Daniel Butunoi.
Romania's Finance Ministry raised RON580 million from banks on Monday (February 26, 2024) selling bonds with a nominal value of RON400 million due in 2034, at an annual average yield of 6.53%.
Concrete prefab manufacturer Prebet Aiud (PREB.RO) ended 2023 with net profit of RON906,400, lower than RON7.8 million reported for 2022, and a turnover of RON110.2 million, down 16.7% on the year, as per data from the company's annual preliminary financial report.
CIS Gaz, a Romanian natural gas company, founded in 1990 by Sebastian Calugar in Mures county, has opened a branch in Cairo and delivers the first equipment manufactured in Romania within the Hayah Karima project developed by the Egyptian government.19501 items