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Suceava-based paving store manufacturer Symmetrica owned by Stanciu family registered an over 20% turnover increase in 2023, to RON260 million, supported by the company’s expansion strategy and investments operated in recent years.
Safetech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, has announced the setting up of a subsidiary in the Kingdom of Saudi Arabia, in Riyadh.
Accenture Romania, the local subsidiary of the Irish-American giant specializing in management consulting services, technological and outsourcing sources, plans to recruit around 1,000 people by the end of its fiscal year in August 2024, thus reaching over 5,000 employees.
Polish group Amrest, which owns 59 Starbucks coffee shops and 10 Burger King restaurants locally, last year generated EUR3.2 million gross profit in Romania, up 28% from 2022.
Roofing maker Bilka of Brasov, owned by Horatiu Tepes, ended 2023 with EUR248 million turnover, up 7%. In sold volumes, the increase reached 25%.
Real estate developer Impact Developer & Contractor (IMP.RO) has obtained a loan worth RON19.5 million through the branch RCTI Company, as per a report published at the Bucharest Stock Exchange on Friday (March 8).
OTP Bank Romania recorded consolidated net profit of RON262 million in 2023, seven times higher than the level reported in 2022,as per the report published in Budapest, which presents the bank's results at a consolidated level, adjusted in accordance with the Group's standards.
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has started the general turnaround of the Petromidia refinery, scheduled for the period March 8 – April 26, an extensive project aimed at the maintenance, recertification and modernization of the production units of the largest refinery in Romania.
Romania’s biggest energy producer, Hidroelectrica, has announced the completion of repair and maintenance works on its hydropower plant in Costisa (Neamt County), following a total investment of RON6 million.
Romania's gross domestic product (GDP) estimated for 2023 amounted to RON1,598 billion current prices, increasing in real terms by 2.1% compared to 2022, provisional (1) estimates from the country's statistics board INS showed on Friday (March 8).
Romania was among the top beneficiaries of the European Investment Bank (EIB) Group's support in 2023 relative to the size of its economy, considering that new financing committed in 2023 reached a record high of EUR4.1 billion, which corresponds to around 1.3% of Romania’s gross domestic product (GDP).
The salary gap between women and men continues to be high in Romania, namely 21.6% in favor of men, reveals the “Equal Pay Gender” analysis, carried out by PwC Romania based on the data collected in the Paywell survey.
The Ministry of Finance (MF) attracted RON843.9 million and EUR190.5 million (values totaling RON1.8 billion – EUR360.3 million), through the first primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through the systems of the Bucharest Stock Exchange (BVB).
Hidroelectrica, Romania’s biggest energy producer, has become a partner of Romania’s Olympic and Sports Committee (COSR) to support Romania’s olympic team during the training, qualification and participation in this year’s Paris Olympic Games.
Alpha Bank Romania, among the 10 largest banks in Romania by assets, for 2023 reported EUR38 million net profit, 15% higher than in 2022, amid the strong commercial activity and efficient cost and risk management.
Transilvania Investments Alliance is convening shareholders to approve among others the distribution of a gross dividend of RON0.015/share and a buyback program.
Group of firms Maviprod-IRUM, owned by the Oltean family of Reghin, ended 2023 with a turnover of EUR55.9 million and targets a 5% increase in 2024.
The first luxury hotel under the Mondrian brand is due to open until 2026 in downtown Bucharest, near the Romanian Athenaeum, following a partnership between real estate developer One United Properties (ONE) and global hospitality company Ennismore.
Investment fund Fortech Investments will finance local medtech startup Rayscape (formerly known as Xvision) with EUR500,000, as per an announcement on LinkendIN, a business and employment-focused social media platform that works through websites and mobile apps.
Shipyard Damen Galati, held by Dutch Damen Group, ended 2023 with a turnover of EUR115.8 million, more than double on the year, returning in fact to the level recorded in 2021, according to company officials and in line with public data on finance ministry website.19990 items