Found 21679 news
Upholstered furniture manufacturer Polipol, owned by the German group of the same name, in 2023 generated net profit of RON10.2 million (over EUR2 million), 2.5 times higher than in 2022.
Beko Romania, the former Arctic, the largest electrical home appliances producer locally, for 2023 reported turnover worth RON3.4 billion (EUR685 million), around 10% lower than in 2022. However, the company switched to profit, of RON96 million (EUR20 million), after two years in the red.
Myosotis brand, which has 146 pharmacies across several counties, reached RON385 million turnover in 2023, a figure comprising three companies the pharma retailer operates.
Restart Energy One, one of the main independent suppliers of electricity and renewable power for household and small business customers in Romania, has announced it raised EUR3.35 million from its bond sale via a private placement.
The Government has approved the law on setting the EU adequate minimum wage. The bill will go to Romania’s Parliament next for expedited adoption, the Labor Ministry said.
Wizz Air will relocate the flights from Bucharest to Seville, Madrid and Malaga temporarily from the Otopeni Airport to the Aurel Vlaicu (Baneasa) International Airport between July 9 and September 23, the airline announced.
Alu Menziken, a company part of Montana group founded by Austrian entrepreneur Michael Tojner, has been acquired by Chinese group Inner Mongolia Mengtai Group Co., Ltd., in line with an announcement made by law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP), which was part of the international lawyer team that assisted the Chinese group in the deal.
State-run Conpet Ploiesti (COTE.RO), a provider of specialized oil transportation services via pipelines and rail tank cars, which supplies refineries with oil and related products, has signed a transport contract worth RON104.8 million with OMV Petrom (SNP.RO).
The National Agency for Mineral Resources (ANRM) says it will not extend the validity of the concession license for Rosia Montana Gold Corporation related to the mining of Rosia Montana gold.
Donalam, a member of Italy’s AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, in 2023 generated RON812 million turnover, up almost 10% from 2022, in line with Finance Ministry data and ZF calculations.
Constructii Erbasu, a company owned by Erbasu family, went beyond the RON2 billion mark in terms of turnover in 2023, more than double the 2022 level.
Euro Auto Plastic Systems, the local subsidiary of French-held Faurecia, ended 2023 with a turnover of RON494.9 million (over EUR100 million), up nearly 8% on the year, according to calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Intrakat, the Greek group that bought builder Aktor, has energy projects, as well, in its investment plan for the Romanian market. The entry of the PPC Group in Romania, following takeover of Enel’s operations may, bring involvement of Intrakat in energy projects.
Viessmann SRL, part of Germany’s heating, industrial and refrigeration systems group Viessmann, ended 2023 with a turnover of RON186.7 million (EUR37.7 million), down 6.3% from a turnover of nearly RON199.4 million (EUR40.4 million) reported in 2022, according to calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Romanian executive Lucian Dorobantu has been appointed chief executive officer of fashion brand Pull & Bear, one of the eight brands of Spain’s Inditex Group, Spanish media reports.
Amdaris Romania, which provides software development services, dedicated support for web products and strategic consultancy, ended 2023 with a turnover of over RON61.8 million (EUR12.4 million), up 57% from a turnover of over RON39.4 million (EUR7.9 million) reported in 2022, in line with data published on the finance ministry website
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON265.75 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Thursday (June 21).
Agroland Business System (AG.RO), a Romanian retail, agriculture and food group, which owns the largest farming supplies retail chain in the country, is considering a RON10 million (EUR2 million) bond issue on the Bucharest Stock Exchange but not a capital increase, in order to implement its development plans.
Romania's central bank reported profit of RON2.4 billion for 2023, the highest level of the last 14 years and more than double the profit recorded in 2022.
The official ranking of the ten largest banks in Romania in 2023, published by the country's national bank BNR in the annual report for 2023, lists Banca Transilvania as leader last year, being followed by Banca Comerciala Romana (2nd place), and by state-run CEC Bank (3rd spot).21679 items