Found 19058 news
Automotive components supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle Group, posted RON253.3 million (EUR51.4 million) revenue in 2022, up by about 10% compared with the previous year, according to ZF calculations based on data from the Finance Ministry.
Startup company Hyperhuman, which developed a platform of customized fitness trainings using the artificial intelligence (AI) technology, has obtained a EUR200,000 grant from the EEA & Norway Grants through the fund Innovation Norway, company representatives said in a statement.
Zentiva (SCD.RO), one of the largest pharmaceuticals producers in Romania, on Wednesday (March 22) announced in a stock market report that the company’s Board of Directors decided the appointment and confirmation of Simona Cocoş as Chairwoman of the Board of Directors, from March 21, 2023 until March 21, 2027.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, will convene its shareholders on April 26 to approve a decision to distribute RON10 million worth of dividends, respectively a gross dividend of RON2 per share, as per the convening notice published at the Bucharest Stock Exchange.
Automobile Dacia's revenue went up by 20% to RON26.7 billion or EUR5.2 billion in 2022, higher than even in 2019, despite lower production than that year, the carmaker says in its report.
Real estate developer Nusco Imobiliara begins the development of Nusco Homes - a new residential compound of villas located in the northern part of capital city Bucharest, in the town of Tunari, with an investment estimated at over EUR30 million.
The Board of Directors of state-run port operator Oil Terminal (OIL.RO) has called shareholders for a General Meeting on April 27 to vote on the payment of dividends.
PepsiCo, one of the leaders in the food and beverage industry and the second largest player on the Romanian soft drinks market, announces the appointment of Vlad Vladescu to the position of East Balkans Snacks Marketing Manager.
Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol, has called shareholders for April 26, 2023 to vote, among others, on a gross dividend of RON0.008805 per share, which at the current trading price of RON0.584 means a 1.5% yield.
UK’s Kingfisher Group, which owns do-it-yourself (DIY) retailer Brico Depot on the Romanian market, reported sales of GBP285 million in the 2022/2023 financial year ended on January 31, 2023, up 1.7% on the year, and losses of GBP10 million, down 7% versus the previous financial year, as per the company’s financial report.
ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, estimates the call center market in Romania may grow by 15% in 2023, as most companies in the industry budgeted 12% to 20% growth in revenue this year and the number of employees should continue to increase, it said in a release.
Global Vision and Globalworth have invested EUR12 million in the first phase of the Mures City Logistics project whose first tenant is FrieslandCampina, one of the largest global companies on the dairy market.
Footprints AI, a company established in 2017, which developed a media retail platform enabling offline retailers to find potential new customers and anticipate their spending patterns through a uniform analysis of data from online and offline sources, has budgeted more than EUR1 million investments in development in 2023, the company said in a release.
The volume of construction works in Romania increased, in unadjusted data, by 5.8% in January 2023 compared to January 2022 and was up 7.2% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.
Romanian low-cost airline Blue Air has entered insolvency at its own request, in line with data on the website of the Bucharest Municipal Court.
Electric vehicle (EV) adoption has accelerated faster than predicted considering that globally EV sales doubled in 2021 and jumped 55% in 2022 to account for 13% of all vehicles sold, according to a new study from EY and Eurelectric.
Romania's capital market started 2023 with a series of significant increases considering that all indices of the Bucharest Stock Exchange (BVB) were in the black at the end of the first two months of this year.
The Kazakh-Romanian Energy Investment Fund (KREIF), controlled by KMG International and the Romanian State, has made progress in commissioning the cogeneration plant on the Petromidia platform, reaching over 80% of the total operations, part of the project that started in May 2021.
Telecom operator Digi Communications has sealed an agreement with arbdn fund to carry out a EUR300 million investment in the development of an optical fiber network in Spain.
Real estate developer ONE United Properties has proposed an additional gross dividend of RON0.01/share to shareholders, namely a total sum of RON37 million, after the company has already earmarked RON36 million in September from 2022 profit for dividends of RON0.013/share.19058 items