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Over half of investors at the Bucharest Stock Market are more interested in buying than selling shares on the stock market in 2023, which is an important aspect amid potential offerings and placements expected to take place both on the Main Market and on the AeRO market, an alternative trading system, as per the latest Market Pulse survey.
The outlook for the global economy has taken a positive turn in the first half of 2023 as inflationary pressures began to ease, but the most recent KPMG forecast shows that ongoing geopolitical tensions and domestic challenges in key markets are slowing down the return to sustained growth.
The British operator of cinema chain Cineworld announced it gave up the planned sale of its Eastern European activities, stating the received bids did not reach the necessary value for its creditors.
Trencadis, a technology company that has become a major solutions provider for the public sector, ended 2022 with RON4 million net profit, double the 2021 level, in line with Finance Ministry data.
Acronis, a global company developing cybersecurity technologies, headquartered in Singapore and Switzerland, in 2022 went past the 100-employee mark in Romania, in line with Finance Ministry data.
The mineral wool plant Knauf Insulation group is building in Tarnaveni, a EUR130 estimated investment set to be completed next year, will create 130 jobs.
Connections Consult, a group of companies specialized in providing software solutions and IT services, has budgeted for 2023 RON5.6 million net profit, up 30.2% from 2022, RON82 million total revenues, 40.3% higher than in 2022, in line with ZF calculations based on the annual financial report published on the Bucharest Stock Exchange.
For 2023, Rompetrol Rafinare, a company part of KMG International and owner of Petromidia Navodari and Vega Ploiesti refineries, has budgeted $102.45 million net profit, up 13.46% from 2022.
Polish-held LPP, one of the largest fashion retailers in Romania by revenue, has budgeted 50-55 new store openings this year, a faster progress than in 2022 when it opened 42.
Romania's Finance Ministry raised RON500 million from banks on Thursday (April 13) selling treasury bills maturing in 2024, at an annual average yield of 6.51%.
Prefera Foods of entrepreneur Raul Ciurtin has sold Prefera Trading SRL to the Morad Group. Prefera Trading, previously 100% owned by Prefera Foods, holds a number of food brands and handles their distribution.
Photon Energy Group announced that Photon Energy Engineering Romania, the Group’s Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services, completed and grid-connected three photovoltaic (PV) power plants near Calafat in Romania’s Dolj County.
Logistics space developer CTP Group, also present in Romania, plans to double the size of its network of logistics parks up to 20 million square meters of gross leasable area (GLA) by the end of the decade amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe (CEE).
Romania’s industrial sales (on the domestic and external markets) rose by 7% in February 2023 from February 2022 and by 6.2% in nominal terms in February 2023 versus January 2022, data from the country’s statistical office INS showed on Thursday (March 16).
Romania’s largest electricity generation company and the most anticipated listing on the Romanian capital market, Hidroelectrica, plans to lease office space in Bucharest via a tender.
Romania's final electricity consumption fell by 7.4% year-over-year in January-February 2023, considering that household consumption plunged by 18.2% and public lighting by 26%, as per data from the country's statistical office INS.
Romania’s industrial production decreased by 5% in January-February 2023 due to drops in electricity, thermal energy, gas, steam and air conditioning production and supply (-12.3%), mining industry (-1.2%) and processing industry (-3.9%), data from the country’s statistics board INS showed on Thursday (April 13, 2023).
Romania's current account balance posted a deficit of EUR2.61 billion in January-February 2023, lower by 17% than EUR3.15 billion in the same period of 2022, central bank data showed on Thursday (April 13, 2023).
Romania's annual inflation rate fell to 14.5% in March 2023 after reaching 15.5% in February 2023 and 15.1% in January 2023, data from the country's statistics board INS showed on Thursday (April 13).
Grain trader Transylvania Invest, owned by Gorban family, ended 2022 with RON423.5 million turnover, up 75% on the year, in line with ZF calculations based on public data.19058 items