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Forty Management, a real estate developer founded by Lucian Azoitei, has concluded a partnership with US company Crystal Lagoons to develop man-made lagoons in seven new cities across Europe: Rome, Milan, Toulouse and Seville.
Drugmaker Zentiva (SCD) posted RON124 million net profit in the first nine months of 2023, compared with RON33.6 million in the same period last year, while revenue rose to RON684 million from RON538 million.
Lender Patria Bank (PBK.RO), held by Emerging Europe Accession Fund (EEAF), ended the first nine months of 2023 with RON15 million net profit, the same as in the year-ago period (RON14.9), it said in its financial report to the Bucharest Stock Exchange on Wednesday.
Electricity and natural gas supplier E.ON Energie Romania, a member of Germany's E.ON Group, has completed the construction of a solar power plant for brick manufacturer Cemacon, a company held by the founders of do-it-yourself chain Dedeman.
Real estate developer Impact Developer & Contractor (IMP.RO), an entrepreneurial company controlled by businessman Gheorghe Iaciu, on Wednesday evening announced it was preparing a EUR3 million bond issue due in three years with a fixed coupon rate of 9% to 10%, depending on investor interest.
Biodegradable packaging maker Exonia, a business controlled by entrepreneur Tiberiu Stoian, will be taking over the assets of the former bakery plant in Romania's northeastern city of Iasi.
Rompetrol Rafinare (RRC.RO), the operator of the Petromidia Navodari and Vega Ploiesti refineries, posted $3.5 million net loss on September 30, 2023 compared with a $161.2 million net profit in the year-ago period, the company said in its financial report to the Bucharest Stock Exchange on Wednesday.
The seven mandatory private pension funds in Romania, known as Pillar II, generated an annual average yield of 18.2% in the last 12 months (between October 2023 and October 2022), for the 8 million Romanian participants, way above the inflation rate of 8.07% during this interval.
Romania's energy ministry wants state-run nuclear power company Nuclearelectrica (SNN.RO) to conclude a contract of EUR145 million with the European Investment Bank (EIB) for the financing of the "Cernavoda NPP Tritium Removal Facility" project, as per the convening notice published at the Bucharest Stock Exchange on Nov 14.
The largest share buyback offering on the Bucharest Stock Exchange, one which has the potential to reach RON1 billion, conducted by Fondul Proprietatea (FP.RO) to repurchase its shares from investors has only attracted orders for 6% of the total midway through it.
Romanian state-owned oil transporter (COTE.RO) ended the first nine months of 2023 with a turnover of RON365.4 million, up 4% on the year, as per its unaudited financial report sent to the Bucharest Stock Exchange.
Natural gas supplier and producer Romgaz (SNG.RO) has convened Ordinary and Extraordinary General Meetings of Shareholders for December 18-19, 2023, the company said in a report to the Bucharest Stock Exchange.
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) announced in its financial report released on Nov 14 that its sales income grew by 9.7% on the year to RON229 million in the first nine months of 2023.
Romania's state-run natural gas transmission company Transgaz (TGN.RO) announced in its financial report on Nov 14 a consolidated net profit of RON38.65 million for the January-September 2023 period, lower by 85% than RON266.16 million reported in the year-earlier period.
swisspor Group, a leading Swiss developer, manufacturer and supplier of products and systems for energy-efficient and aesthetic building envelopes, is acquiring BriothermXPS, a Romanian manufacturer of thermal insulation materials.
One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania, announced in a stock market report on Nov 14 the conclusion of a memorandum of understanding (MoU) with Ennismore, a lifestyle hospitality company, for the opening of a Mondrian Hotel in capital city Bucharest.
Romania’s industrial production decreased by 5.1% in unadjusted data in September 2023 versus September 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-11.7%) and manufacturing (-4.8%), data from the country’s statistics board INS showed on Tuesday (November 14, 2023).
Two deals with 8.9 million shares of shipbuilder Santierul Naval Orsova (SNO.RO) were recorded on Tuesday, November 14, which amounted to RON45.5 million, Bucharest Stock Exchange data show.
Romanian state-run port operator Oil Terminal (OIL.RO) ended the first nine months of 2023 with a consolidated profit of RON23.5 million, down 18.2% from RON28.7 million in the year-earlier period, as per its financial report released by the Bucharest Stock Exchange on Tuesday (Nov 14).
Aluminum accessories supplier Alumil Rom Industry (ALU.RO) ended the first nine months of 2023 with revenue of RON84.4 million, up 5% on the year, as per its financial report released by the Bucharest Stock Exchange on Tuesday (Nov 14).20647 items