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Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, had a net profit of RON117 million in the January-September 2023, compared to RON47 million in the same period of 2022, as per the company's financial report released by the Bucharest Stock Exchange on Friday (Nov 10).
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, switched to a loss of RON1.55 million in the first nine months of 2023, from a net profit of RON23.5 million in the same period of 2022, and its turnover fell by 11.6% on the year to RON152.8 million, as per the company's quarterly financial report.
Meta Estate Trust (MET.RO), a holding-type company operating in the real estate sector, announced in a stock market report on Friday (Nov 10) that it had entered into a partnership with a developer with extensive experience in the local real estate market for the development of a premium boutique residential project.
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, ended the first nine months of 2023 with a net profit of RON5.05 million, up 129.5% on the year, and a turnover of RON29.5 million, as per data from the company's quarterly financial report.
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, posted RON2.3 billion net consolidated profit in the first nine months of 2023, up from the RON1.68 billion in the year-ago period, therefore an increase of 37%, its third quarter financial report shows.
Pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) has signed a EUR25 million loan agreement with the European Investment Bank (EIB), which will help finance the construction of new production facility.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first nine months of 2023 with a net profit of RON6.3 million, down 21% on the year, and operating revenue of RON82.6 million, down 13.3% on the year.
Romania's national grid company Transelectrica (TEL.RO), Abu Dhabi National Energy Company PJSC (TAQA), Meridiam, E-INFRA and Fluor have announced a strategic Memorandum of Understanding (MoU) for a feasibility study of a high-voltage direct current (HVDC) infrastructure project in Romania.
Farmland operator Holde Agri Invest (HAI.RO) on Friday notified the Bucharest Stock Exchange on the details of its capital increase to be conducted in November and December, which it intends to use to raise up to RON40 million, according to ZF’s calculations.
Romania's central bank has kept its inflation forecast at 7.5% for the end of 2023, according to the Quarterly Inflation Report presented by central bank governor Mugur Isarescu on Friday (November 10).
Investment fund manager SAI Certinvest has announced a 483% surge in subscriptions in the Certinvest BET Index fund in October 2023, compared to October 2022, amid investors' growing interest.
Joint-venture company RoPower Nuclear, equally owned by state-run nuclear power producer Nuclearelectrica, the operator of the Cernavoda nuclear power plant, and Nova Power&Gas from the E-INFRA group, announced that the project to build a 462 MW nuclear power plant with small modular reactors (SMR) designed and developed by US firm NuScale in Doicesti is going forward.
Car parts producer Compa Sibiu is contemplating a possible separation of some activity lines.
Aerostar Bacau, an integrated supplier to the global supply chains of major aerospace companies, posted RON362 million turnover in the first nine months of 2023, up 14% from the year-earlier period. On the other hand, net profit dropped to RON61 million from RON73.9 million.
Private healthcare provider MedLife posted RON1.64 billion operating income in the first nine months of 2023, up 23% from the year-earlier period. On the other hand, net profit plunged to RON3.8 million from RON57.8 million amid rising expenses.
The four-star hotel compound Mandachi Hotel & Spa of Suceava registered a 17.5% turnover increase and 32% higher operating profit in the first nine months of 2023.
The average number of employees in the local services outsourcing industry went up by 10% in 2023, salaries increased by 9% and the personnel turnover rate dropped to 14% in the first half of this year, from 18% in the same period of 2022, reveals a report by the Association of Business Service Leaders in Romania (ABSL) representing companies in this field in Romania.
Ovidius Clinical Hospital (OCH), the largest private hospital in the area of Dobrogea, opened in 2014, is set to reach the RON100 million threshold in terms of turnover this year, after in April its owners completed the second hospital building.
Romania's Finance Ministry raised RON825.4 million from banks on Thursday (November 9), RON225.4 million more than the planned RON600 million, selling bonds due in October 2033, at an annual average yield of 6.87%.
Fondul Proprietatea (FP.RO) has received the approval of the Financial Supervisory Authority (ASF) to amend the tender offer documentation and increase the number of shares it seeks to buy back from 670 million to 1.67 billion.19080 items