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The seven mandatory private pension funds in Romania, known as Pillar II, generated an annual average yield of 18.2% in the last 12 months (between October 2023 and October 2022), for the 8 million Romanian participants, way above the inflation rate of 8.07% during this interval.
Romania's energy ministry wants state-run nuclear power company Nuclearelectrica (SNN.RO) to conclude a contract of EUR145 million with the European Investment Bank (EIB) for the financing of the "Cernavoda NPP Tritium Removal Facility" project, as per the convening notice published at the Bucharest Stock Exchange on Nov 14.
The largest share buyback offering on the Bucharest Stock Exchange, one which has the potential to reach RON1 billion, conducted by Fondul Proprietatea (FP.RO) to repurchase its shares from investors has only attracted orders for 6% of the total midway through it.
Romanian state-owned oil transporter (COTE.RO) ended the first nine months of 2023 with a turnover of RON365.4 million, up 4% on the year, as per its unaudited financial report sent to the Bucharest Stock Exchange.
Natural gas supplier and producer Romgaz (SNG.RO) has convened Ordinary and Extraordinary General Meetings of Shareholders for December 18-19, 2023, the company said in a report to the Bucharest Stock Exchange.
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) announced in its financial report released on Nov 14 that its sales income grew by 9.7% on the year to RON229 million in the first nine months of 2023.
Romania's state-run natural gas transmission company Transgaz (TGN.RO) announced in its financial report on Nov 14 a consolidated net profit of RON38.65 million for the January-September 2023 period, lower by 85% than RON266.16 million reported in the year-earlier period.
swisspor Group, a leading Swiss developer, manufacturer and supplier of products and systems for energy-efficient and aesthetic building envelopes, is acquiring BriothermXPS, a Romanian manufacturer of thermal insulation materials.
One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania, announced in a stock market report on Nov 14 the conclusion of a memorandum of understanding (MoU) with Ennismore, a lifestyle hospitality company, for the opening of a Mondrian Hotel in capital city Bucharest.
Romania’s industrial production decreased by 5.1% in unadjusted data in September 2023 versus September 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-11.7%) and manufacturing (-4.8%), data from the country’s statistics board INS showed on Tuesday (November 14, 2023).
Two deals with 8.9 million shares of shipbuilder Santierul Naval Orsova (SNO.RO) were recorded on Tuesday, November 14, which amounted to RON45.5 million, Bucharest Stock Exchange data show.
Romanian state-run port operator Oil Terminal (OIL.RO) ended the first nine months of 2023 with a consolidated profit of RON23.5 million, down 18.2% from RON28.7 million in the year-earlier period, as per its financial report released by the Bucharest Stock Exchange on Tuesday (Nov 14).
Aluminum accessories supplier Alumil Rom Industry (ALU.RO) ended the first nine months of 2023 with revenue of RON84.4 million, up 5% on the year, as per its financial report released by the Bucharest Stock Exchange on Tuesday (Nov 14).
Infinity Capital Investments (SIF5 – formerly known as SIF Oltenia) had net assets of RON2.57 billion in January-September 2023, a record high of the last ten years, as per its financial report summited to the Bucharest Stock Exchange.
Chief Executive Officers (CEOs) globally recognize the potential of artificial intelligence (AI), but most are encountering significant challenges in formulating and operationalizing related strategies, according to the latest EY CEO Outlook Pulse survey.
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, ended the first nine months of 2023 with a net profit of almost RON6 million, up 24.2% from the year-earlier period.
Romania's gross domestic product (GDP) increased by 1.1% in real terms (in unadjusted data) and by 1.9% in seasonally adjusted data in January-September 2023, as against the same period of 2022, data from the country's statistics board INS showed on Tuesday (Nov 14).
Car parts producer Compa Sibiu posted consolidated turnover worth RON597 million and RON10.2 million net profit in the first nine months of 2023.
Real estate developer One United Properties registered RON1.15 billion consolidated turnover in the first nine months of 2023, up 27% from the year-earlier period, while gross profit reached RON411.3 million, up 7% year-on-year, excluding the one-off gain from Bucur Obor’s bargain purchase recognized in 2022 of 19.1 million euros. The net profit amounted to 69.8 million euros, an increase of 5% compared to 9M 2022 (excluding the Bucur Obor gain impact).
Telecom operator Digi Communications, an entrepreneurial company controlled by businessman Zoltan Teszari, reported EUR1.23 billion revenues in the first nine months of 2023, up 13% from the year-earlier period.19080 items