Found 19080 news
Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while adjusted EBITDA was 63.5% lower, EUR4.6 million compared with EUR12.6 million in 2022, data from Greece’s OTE, which owns the company together with Germany’s Deutsche Telekom, show.
Private medical service provider MedLife (M.RO) will be using drones to transport lab samples over the 120 kilometers between Oradea and Arad, thus cutting delivery time in half, it said in a report to the Bucharest Stock Exchange on Thursday.
Hyatt, a leading global hospitality company is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring around 200 rooms.
Sopsa, a global leader in waste management sustainable solutions, is entering the local market by signing a leasing contract for 6,400 square meters of industrial and office spaces in ELI Park 4, a project part of the portfolio of ELI Parks, a major developer on Romania’s real estate, logistics and industrial market.
BRK Financial Group, the only stockbroker listed on the Bucharest Stock Exchange, reported RON0.3 million net profit for the first nine months of 2023, compared with a RON10.4 million loss in the same period of 2022, while revenues climbed to RON16.3 million from RON15.2 million.
Romania’s trade deficit in the first nine months of 2023 shrank by 18.4% to a total of EUR20.3 billion, as the country’s exports rose by 2.1%, while imports dropped by 3.4%, data from the statistics board INS showed on Thursday, November 9.
Local startup bonapp.eco, a Romanian startup that sells discounted food approaching the expiration date, at end-September reached intermediated sales totally worth EUR50,000, five times higher than in the year-earlier period.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) continues to expand in Romania and wants to reach at least 300 specialists in the Romania hub by yearend.
Romania's central city of Sibiu is home to a new four-star hotel, called Mercure Sibiu Arsenal.
Porsche Engineering, a wholly-owned subsidiary of Porsche and a technology service provider, has signed a cooperation agreement with Politehnica University of Timisoara.
Shirt manufacturer Gama, launched in 1991 in Sibiu (central Romania), reported a turnover of RON2.2 million for 2022, up 30% on the year, and a production of more than 100,000 shirts per year.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed shareholders and investors in a report on Wednesday (Nov 8) that Fitch Rating Agency confirmed its BBB- rating with stable outlook on Nuclearelectrica.
Honey producer Apidava from Alba County, had a turnover of RON42 million in 2022, up 37% on the year, and a net profit of RON3 million, as per finance ministry data.
BNP Paribas, the largest bank in France, raised RON100 million from private pension fund Vital managed by Aegon in September, at a 7.35% yield per year and September 12, 2028 as maturity, as part of the strategy to diversify funding sources to various clients and various currencies.
Timisoara-based SpyShop SRL, which operates spy-shop.ro, one of the largest online security system stores in Romania, expects to see sales up three times during the Black Friday campaign, which it will run in November 3 to 30, compared with a regular month. It prepared for it with a EUR5 million stock of merchandise.
Global leaders view geopolitical challenges (61%), inflationary trends (46%) and concerns about their ability to meet increased environmental, social, and governance (ESG) expectations (40%) as the top risks impacting their third-party relationships, according to Deloitte 2023 Global Third-Party Risk Management Survey, conducted in 40 countries, including Romania.
Romania's Financial Supervisory Authority (ASF) has approved the appointment of Remus Lapusan as a member of the Board of Directors of life insurance company Uniqa Asigurari de Viata, starting from November 2023.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched down 0.9% in unadjusted data and grew by 0.7% when adjusted for seasonality and number of working days, in September 2023 compared to September 2022, data from the country’s statistics institute INS showed on Wednesday (November 8).
Romania's central bank has decided at its board meeting on Wednesday (November 8, 2023) to keep its benchmark interest rate on hold at 7%.
Banca Transilvania is granting a EUR25.3 million loan to parcel delivery company Sameday, held by eMAG, to support its medium-term investment plan.19080 items