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Electrical power producer Hidroelectrica (H2O.RO), the most profitable state-owned company in Romania, included a preliminary net profit of RON6.02 billion for 2023 in its 2024 spending and revenue budget, an all-time high and 50% above than the RON4 billion of 2022.
Luca Militello, the CEO of the privately owned Monza health group, along with his wife and other partners, is betting EUR500,000 on expanding the Sciccheria brand of Italian restaurants by opening a second location in the center of Bucharest. It will be located in the Rosetti area, at 4, Tudor Arghezi.
Specialty café chain Boiler has reached seven stores in Bucharest after the company opened a new one in the Casa Presei Libere area, a café-bistro in which it invested EUR380,000.
Bankrupt wire factory Dan Steel Group Beclean, one of the most important companies in the Romanian metallurgical industry, has been sold in a public auction for EUR7.5 million euros to Intertranscom Impex SRL, a welded mesh manufacturer in Bacau owned by entrepreneur Ioan Teslaru.
Danube freight carrier Transport Trade Services (TTS.RO) notified investors on Friday about a shareholder exceeding the 5% stake threshold. That shareholder is Metropolitan Life Pensii Private, one of the largest Pillar II pension funds in Romania.
The European Investment Bank has sealed a EUR40 million loan agreement with Austria’s Eldrive Holding, controlled by Bulgarian investors, for the deployment of 8,472 EV charging stations in Bulgaria, Lithuania and Romania in the next three years.
Leroy Merlin, the second largest DIY retailer locally by turnover, in 2023 boosted turnover by 3% against 2022.
Constructii Erbasu, a company owned by entrepreneur Cristian Erbasu, in 2023 earmarked around EUR12 million for investments, with part of the money being aimed at production expansion and another one at real estate investments.
Despite significantly recovering from the decline of 2022 and reaching RON20 billion at the end of 2023, the assets of the ten largest companies in the Romanian asset management industry (namely, over 90% of the market) still are way behind the RON25 billion level recorded on December 31, 2021, in line with calculations by Ziarul Financiar (ZF) daily based on data from the Association of Fund Managers (AAF).
Romanian precast concrete product manufacturer ASA CONS, based in Turda, has budgeted a turnover of almost EUR30 million and investments of EUR1 million in 2024.
“Avram Iancu” International Airport in Cluj, Romania’s second largest, ended last year with 3.24 million passenger traffic, an increase of 23% year-on-year and three times the level of ten years ago, data from the Romanian Airports Association (AAR) and ZF’s calculations show.
Plastic packaging maker Romcarbon (ROCE.RO) has announced in a stock market report on Thursday (Jan. 25, 2024) that it sold 20,000 shares of green power producer Hidroelectrica (H2O.RO) on January 23.
The Board of Directors of pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) announced in a stock market report on Thursday (Jan. 25, 2024) that it has called shareholders for a meeting on February 29, 2024 to vote on contracting a RON35 million credit facility for the company's current activity.
IT group Bittnet (BNET.RO) on Thursday, January 25, elected its board of directors in a general meeting of shareholders, as the terms of the current board expire on January 29, 2024.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) has received the shareholders' approval to increase its share capital by RON31.9 million.
Bookstore chain Carturesti ended last year with EUR75 million sales, an increase of 25% on the EUR60 million of 2022, its officials said.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.13% on Thursday (Jan. 25, 2024) from 6.14% previously.
Romania's Finance Ministry raised RON720.7 million from banks on Thursday (January 25, 2024) selling benchmark government bonds with a nominal value of RON500 million due in April 2024, at an annual average yield of 6.31%.
Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei area of capital city Bucharest.
Appointments of female board directors to Europe’s largest financial services firms declined seven percentage points year-on-year, as per the latest EY European Financial Services Boardroom Monitor, which reports that 44% of all appointments in 2023 were of women, down from 51% in 2022.19990 items