Found 20647 news
Aerostar Bacau, an integrated supplier to the global supply chains of major aerospace companies, posted RON362 million turnover in the first nine months of 2023, up 14% from the year-earlier period. On the other hand, net profit dropped to RON61 million from RON73.9 million.
Private healthcare provider MedLife posted RON1.64 billion operating income in the first nine months of 2023, up 23% from the year-earlier period. On the other hand, net profit plunged to RON3.8 million from RON57.8 million amid rising expenses.
The four-star hotel compound Mandachi Hotel & Spa of Suceava registered a 17.5% turnover increase and 32% higher operating profit in the first nine months of 2023.
The average number of employees in the local services outsourcing industry went up by 10% in 2023, salaries increased by 9% and the personnel turnover rate dropped to 14% in the first half of this year, from 18% in the same period of 2022, reveals a report by the Association of Business Service Leaders in Romania (ABSL) representing companies in this field in Romania.
Ovidius Clinical Hospital (OCH), the largest private hospital in the area of Dobrogea, opened in 2014, is set to reach the RON100 million threshold in terms of turnover this year, after in April its owners completed the second hospital building.
Romania's Finance Ministry raised RON825.4 million from banks on Thursday (November 9), RON225.4 million more than the planned RON600 million, selling bonds due in October 2033, at an annual average yield of 6.87%.
Fondul Proprietatea (FP.RO) has received the approval of the Financial Supervisory Authority (ASF) to amend the tender offer documentation and increase the number of shares it seeks to buy back from 670 million to 1.67 billion.
Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while adjusted EBITDA was 63.5% lower, EUR4.6 million compared with EUR12.6 million in 2022, data from Greece’s OTE, which owns the company together with Germany’s Deutsche Telekom, show.
Private medical service provider MedLife (M.RO) will be using drones to transport lab samples over the 120 kilometers between Oradea and Arad, thus cutting delivery time in half, it said in a report to the Bucharest Stock Exchange on Thursday.
Hyatt, a leading global hospitality company is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring around 200 rooms.
Sopsa, a global leader in waste management sustainable solutions, is entering the local market by signing a leasing contract for 6,400 square meters of industrial and office spaces in ELI Park 4, a project part of the portfolio of ELI Parks, a major developer on Romania’s real estate, logistics and industrial market.
BRK Financial Group, the only stockbroker listed on the Bucharest Stock Exchange, reported RON0.3 million net profit for the first nine months of 2023, compared with a RON10.4 million loss in the same period of 2022, while revenues climbed to RON16.3 million from RON15.2 million.
Romania’s trade deficit in the first nine months of 2023 shrank by 18.4% to a total of EUR20.3 billion, as the country’s exports rose by 2.1%, while imports dropped by 3.4%, data from the statistics board INS showed on Thursday, November 9.
Local startup bonapp.eco, a Romanian startup that sells discounted food approaching the expiration date, at end-September reached intermediated sales totally worth EUR50,000, five times higher than in the year-earlier period.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) continues to expand in Romania and wants to reach at least 300 specialists in the Romania hub by yearend.
Romania's central city of Sibiu is home to a new four-star hotel, called Mercure Sibiu Arsenal.
Porsche Engineering, a wholly-owned subsidiary of Porsche and a technology service provider, has signed a cooperation agreement with Politehnica University of Timisoara.
Shirt manufacturer Gama, launched in 1991 in Sibiu (central Romania), reported a turnover of RON2.2 million for 2022, up 30% on the year, and a production of more than 100,000 shirts per year.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed shareholders and investors in a report on Wednesday (Nov 8) that Fitch Rating Agency confirmed its BBB- rating with stable outlook on Nuclearelectrica.
Honey producer Apidava from Alba County, had a turnover of RON42 million in 2022, up 37% on the year, and a net profit of RON3 million, as per finance ministry data.20647 items