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Romania's annual inflation kept its downward trend in October 2023, decreasing to 8.1%, compared to 8.8% in September 2023 and 9.4% in August 2023 and July 2023, data from the country's statistics board INS showed on Monday (November 13).
The value of medicines prescribed to patients in Romania in the October 2022-September 2023 period reached RON28.7 billion (EUR5.8 billion) at wholesale prices, up 16% from the year-earlier period, in line with Cegedim data.
Aquila, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, ended the first nine months of 2023 with RON1.7 billion revenues, up 14% from the year-earlier period, while net profit rose by 9% year-on-year, to RON70 million.
Nuclearelectrica, Romania’s sole nuclear energy producer, reported net profit of almost RON2 billion in the first nine months of 2023, up 1.9% from the year-earlier period, while revenues climbed by 15% to RON5.67 billion. The results came amid 2.9% higher energy output.
OTP Bank Romania in the first nine months of 2023 posted RON236 million consolidated net profit.
Bittnet Group (BNET.RO), the first Romanian group of IT companies listed on the main market of the Bucharest Stock, saw its revenue surging 150%, its EBITDA doubling and its gross loss halving in the first nine months of 2023, which marks a significant progress towards achieving the profitability objective, as per the company's financial report released at the Bucharest Stock Exchange.
Turbomecanica (TBM.RO), a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, ended the first nine months of 2023 with a net profit of RON3.7 million, up 48% from RON2.5 million in the same period of 2022.
Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, had a net profit of RON117 million in the January-September 2023, compared to RON47 million in the same period of 2022, as per the company's financial report released by the Bucharest Stock Exchange on Friday (Nov 10).
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, switched to a loss of RON1.55 million in the first nine months of 2023, from a net profit of RON23.5 million in the same period of 2022, and its turnover fell by 11.6% on the year to RON152.8 million, as per the company's quarterly financial report.
Meta Estate Trust (MET.RO), a holding-type company operating in the real estate sector, announced in a stock market report on Friday (Nov 10) that it had entered into a partnership with a developer with extensive experience in the local real estate market for the development of a premium boutique residential project.
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, ended the first nine months of 2023 with a net profit of RON5.05 million, up 129.5% on the year, and a turnover of RON29.5 million, as per data from the company's quarterly financial report.
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, posted RON2.3 billion net consolidated profit in the first nine months of 2023, up from the RON1.68 billion in the year-ago period, therefore an increase of 37%, its third quarter financial report shows.
Pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) has signed a EUR25 million loan agreement with the European Investment Bank (EIB), which will help finance the construction of new production facility.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first nine months of 2023 with a net profit of RON6.3 million, down 21% on the year, and operating revenue of RON82.6 million, down 13.3% on the year.
Romania's national grid company Transelectrica (TEL.RO), Abu Dhabi National Energy Company PJSC (TAQA), Meridiam, E-INFRA and Fluor have announced a strategic Memorandum of Understanding (MoU) for a feasibility study of a high-voltage direct current (HVDC) infrastructure project in Romania.
Farmland operator Holde Agri Invest (HAI.RO) on Friday notified the Bucharest Stock Exchange on the details of its capital increase to be conducted in November and December, which it intends to use to raise up to RON40 million, according to ZF’s calculations.
Romania's central bank has kept its inflation forecast at 7.5% for the end of 2023, according to the Quarterly Inflation Report presented by central bank governor Mugur Isarescu on Friday (November 10).
Investment fund manager SAI Certinvest has announced a 483% surge in subscriptions in the Certinvest BET Index fund in October 2023, compared to October 2022, amid investors' growing interest.
Joint-venture company RoPower Nuclear, equally owned by state-run nuclear power producer Nuclearelectrica, the operator of the Cernavoda nuclear power plant, and Nova Power&Gas from the E-INFRA group, announced that the project to build a 462 MW nuclear power plant with small modular reactors (SMR) designed and developed by US firm NuScale in Doicesti is going forward.
Car parts producer Compa Sibiu is contemplating a possible separation of some activity lines.20647 items