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DN Agrar Group, the largest integrated farm in Romania and leader in cow milk production, registered RON115.9 million turnover in the first nine months of 2023, up 12.4% from the year-earlier period, and RON22.3 million net profit, up 111%.
China-held OPPO, one of the world’s biggest players on the smartphone market, which entered Romania market in 2020, reached a 5-6% share of the local smartphone market in the first ten months of 2023, Yang Shaohua, general manager of OPPO Romania, told ZF.
Real estate developer Impact Developer & Contractor (IMP.RO) announced in a stock market report on Monday (Nov 27) that it had concluded an agreement with Garanti Bank for a working capital-type loan in the amount of EUR3.5 million.
Shareholders of natural gas supplier and producer Romgaz (SNG.RO) have approved a decision reducing a Loan Facility ceiling by RON130 million, down to RON500 million, the company announced in a stock market report published at the Bucharest Stock Exchange on Monday (Nov 27).
Revolut, the financial global super app with over 35 million customers worldwide and over 3 million customers in Romania, has announced in a press statement the appointment of Romanian-born Dan Teodosiu to the Group's Board as a Non-Executive Director.
Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, has announced net loss of RON6.88 million for the first six months of 2023, compared to a negative result of RON4.45 million in the same period of 2022, while its turnover plunged 13.7% on the year to RON10.1 million.
Furniture and home product retailer JYSK continues expansion in Romania with the inauguration of a new store in Ramnicu Valcea on Thursday, November 30, for a total of 138 in the country.
PayPoint continues to develop the digital payment segment and announces a new partnership with Meridian Taxi, one of the most important taxi companies in Bucharest, company representatives said in a press statement.
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard manufacturers in Romania, posted more than EUR90 million revenue in the first nine months of 2023 and expects to end the year with about EUR120 million revenue, the company said.
Romania's eastern city of Iasi will be attracting private real estate investments of EUR500 million in the coming years, which will add to public infrastructure projects worth EUR1.2 billion announced by authorities, according to the participants in a debate organized by Romania Property Club (RPC).
Investors, either retail or institutional, have put in orders with their brokers to sell about RON300 million worth of Fondul Proprietatea (FP.RO) shares so far during a buyback offer, which has the potential to reach RON1 billion and ends at noon on December 5, data aggregated by ZF show.
Banca Transilvania (TLV.RO), the largest lender in Romania, got the “investment grade” rating from Moody’s, the bank said in a press release.
Romania's Finance Ministry raised RON399.4 million from banks on Monday (November 27), below the planned level of RON600 million, selling bonds due in May 2027, at an annual average yield of 6.64%.
Oves Enterprise, a Romanian software development company based in Cluj-Napoca, announces the launch of the first demining drone - Hyper Drone.
Genesis Property has announced the completion of works on Phase 2 of the YUNITY Park project following an investment of EUR20 million.
The Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out a new offer on Bucharest Stock Exchange (BVB), between November 27 and December 15, 2023.
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania.
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP growth forecast has been adjusted upward to 2.4%, backed by robust employment conditions and substantial fiscal stimulus, as per GlobalData’s latest report, “Global Macroeconomic Outlook – Q4 2023 Update.”
Over 70% of real estate developers in Romania present a major insolvency risk amid rising challenges generated by falling real estate sales and hiked taxes, reveals an analysis conducted by consulting firm Frames.
Romania is emerging as a major regional distribution hub, especially in southeastern Europe and the stock of logistic spaces is likely to top 10 million square meters by the end of this decade, from 7 million at present, way below that of some countries in the region such as Poland or Czechia, reveals a Colliers analysis.19080 items