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The Bucharest Stock Exchange on Friday (Sept 1) said that during the extraordinary meeting of the Index Committee held on August 31 a series of decisions were approved regarding the stock market indices adjustment, following the special dividend granted by Fondul Proprietatea (FP).
The EY organization has announced an expansion of its collaboration with Microsoft, as the EY organization completes the first 12 months of a four-year investment of more than US$1 billion to deliver its next-generation Assurance technology platform.
Promateris (PPL.RO), a Romanian industrial group and the main producer of biodegradable packaging in CEE, ended the first half of 2023 with sales revenues of RON69 million, down 21%, and RON4.8 million losses, from RON5 million profit in the year-earlier period.
Radu Dumitrescu, CEO and founder of restaurant group SHC, a major player in the local hospitality industry, says he’s both eyeing new acquisitions and seeking available spaces for new unit openings.
Austria’s brick manufacturer Wienerberger, which has seven plants in Romania, posted local sales worth EUR46.6 million in the first half of 2023, down 25% from the year-earlier period.
Healthcare network Auxologico of Italy, which entered the Romanian market directly via a takeover, plans to strengthen its foothold in Romania, but also possibly expand via an acquisition or a greenfield investment, depending on market opportunities.
Sibiu-based builder CON-A, owned by entrepreneur Mircea Bulboaca, says the biggest project it is carrying out at this moment is in Oradea. In line with previous ZF data, the biggest investment project now underway in Oradea is the tire plan of Finland’s Nokian Tyres.
Real estate developer Impact Developer&Contractor (IMP.RO) reported revenue of RON59 million for the first half of 2023, compared to RON90 million in the same period of 2022, but its net profit increased to RON34 million from RON13.9 million in the year-earlier period, as per its half-year financial report published at the Bucharest Stock Exchange on August 31.
Zentiva (SCD.RO), one of the largest pharmaceutical companies in Romania, had a turnover of RON450.6 million in the first six months of 2023, up 24% from the same period in 2022.
industrial material manufacturer Comelf Bistrita (CMF.RO) has announced a net profit of RON4.7 million for the first six months of 2023, double against the level reported in the same period of 2022, and revenue of RON93.5 million, up 13.6% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company's half-year financial report published at the Bucharest Stock Exchange.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) ended the first half of 2023 with revenue of RON317 million, down 77% on the year, but its loss shrank to RON16.7 million from RON86.2 million in the first half of 2022, as per its half-year financial report published by the Bucharest Stock Exchange.
Chimcomplex (CRC.RO), the leading producer and supplier of vital chemical substances in the region, has summoned its shareholders on October 3, 2023 to approve a decision to contract a multi-option credit line facility from Alpha Bank for a value of EUR10 million, as per the convening notice published at the Bucharest Stock Exchange.
State-run nuclear power producer Nuclearelectrica (SNN.RO) has informed its shareholders about the conclusion on August 30, 2023 of a legal deed with the Romanian Electricity and Gas Market Operator (OPCOM), the company said in a stock market report.
Retailer Profi, controlled by investment fund Mid Europa Partners, on Thursday (August 31) announced that Eric Tavoukdjian had joined the company's management team as Chief Commercial Officer (CCO), starting May 2023.
Victoria Zinchuk has been appointed the new Director for Romania of the European Bank for Reconstruction and Development (EBRD). the bank has announced on Thursday (August 31).
Sphera Franchise Group (SFG.RO), which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, has informed the local stock market in a report on Thursday (August 31) about the opening of a new KFC restaurant in Alba Iulia, in Carolina Mall, following an investment of EUR0.5 million.
Office rents in capital city Bucharest increased by up to 15.8% over the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor) reaching EUR22 per square meter, an increase which also translated to other submarkets, in line with data from real estate consulting firm Cushman & Wakefield Echinox.
Textile manufacturer Braiconf (BRCR.RO) announced RON820,128 net profit in the first half of 2023, up 8.5% compared with the year-ago period, while revenue stood at RON13.34 million, compared with RON13.38 million in the same period of 2022, ZF has calculated based on data from the first half report published on the Bucharest Stock Exchange.
Patria Bank (PBK.RO), a lender owned by private equity fund Emerging Europe Accession Fund (EEAF), ended the first half of 2023 with RON11.2 million net profit, up 10.9% from the same period in 2022, it said in its first half report.
Oil drilling company Foraj Sonde Videle (FOJE.RO) posted RON77.1 million revenue in the first half of 2023, up from RON46.7 million in the same period of 2022 and went from a loss of RON2 million to a net profit of RON8 million it said in its report to the Bucharest Stock Exchange on Thursday.19080 items