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tbi bank, a mobile-first challenger bank in South East Europe, has appointed Alex Garmash to the position of Merchant Ecosystem Leader.
Hidroelectrica has announced on Monday (Feb 26) that it relaunched the tender for the re-engineering of the Vidraru hydropower plant, through the electronic public procurement system (SEAP), with the estimated contract value for this project reaching EUR188 million.
Romania's central bank predicts a more pronounced acceleration of the country's economic growth in 2024 and 2025 than in previous forecasts, amid a slowdown in inflation and the recovery of external demand, expecting household consumption to become again the main GDP growth driver in 2024.
KADRA, the leading provider of integrated solutions for automation and access management in Romania, reported a turnover of RON62.5 million for 2023, up over 22% on the year, and its net profit is estimated at over RON4 million for the same period.
Shipbuilder Santierul Naval Orsova (SNO.RO) ended 2023 with a turnover of RON99.5 million, up 72% on the year, and a net profit of RON3.4 million compared to loss of RON4.2 million in 2022, as per its financial report published at the Bucharest Stock Exchange on Monday (Fe 26).
OMV Petrom, the largest integrated energy producer in Southeastern Europe, on Monday (Feb 26) announced the signing of two financing contracts through the National Recovery And Resilience Plan (NRRP) for the construction of two production facilities for green hydrogen with a total capacity of 55 MW at the Petrobrazi refinery
Private lending in Romania went up 5.7% to RON384.7 billion in January 2024 compared with January 2023, central bank data showed on Friday (February 23, 2024).
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) made a net loss of RON31.7 million for 2023, from a profit of RON23 million in 2022, the company said in a report to the Bucharest Stock Exchange.
Aerostar Bacau (ARS.RO), a supplier of aerostructures, components, assemblies for hydraulic systems for global manufacturing programs, posted RON93 million net profit in 2023, 3% higher than in 2022.
Romania has a total modern retail space stock of more than 4.3 million square meters, of which over 2.7 million square meters are malls and the rest mainly retail parks, the annual market report published by real estate consultant Colliers shows.
OVES Enterprise, a software development company and drone manufacturer, is expanding its drone production and investing EUR100,000 in a new line dedicated to manufacturing small-sized drones equipped with Artificial Intelligence, capable of operating in larger groups (swarms) and coordinated through centralized control systems.
US-held Uber, which operates one of the largest mobility platforms worldwide, on Thursday announced the launch of UberX Share service in Romania, in Bucharest, at the same time as in Poland, Warsaw and Sweden, Stockholm.
Fashion discount store chain Pepco, Romania's leading fashion retailer by sales in 2022, according to the latest public data, could end the year with 500 stores in the country if it continues expansion at the same pace.
German-held retailer Kaufland has opened its fifth store in Constanta, bringing its network to 175 stores in Romania.
Blankfactor, a global provider of technology and end-to-end digital transformation services for financial services, has leased the 35th floor of the SkyTower building in Bucharest, the tallest office building in Romania.
Fashion group C&A, which has over 1,300 stores in 17 countries around the world, is still working with only five partner factories in Romania that make clothes for the Dutch brand. The number has steadily declined, from around 40 in 2016, to 20 production facilities in 2019, to eight the following year and five today.
Nestlé Romania posted organic growth in sales of 18.8% in 2023 compared with the previous year, the company said.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, ended 2023 with a net profit of RON7.6 million, down 34.3% compared with 2022, on operating revenue of RON111 million, down14.5%, its preliminary 2023 financial report shows.
Danube freight carrier Transport Trade Services (TTS.RO), on Thursday notified the Bucharest Stock Exchange about its management having approved the start of the 2024-2025 buyback program on February 26, which will see the company repurchase 420,000 shares or 0.7% of its share capital.
Romania's Finance Ministry raised RON340 million from banks on Thursday (February 22, 2024), selling benchmark bonds with a scheduled value of RON200 million due in February 2038, at an annual average yield of 6.57%.19501 items