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Through the seven Pillar II mandatory private pension funds, to which they contribute 3.75% of their gross monthly income, several million Romanian employees have come to own 20% in Transgaz (TGN.RO), the company that operates the country’s natural gas transmission system, ZF has calculated from the latest Pillar II reports.
International freight forwarding and logistics group International Alexander, based in Arad, ended 2022 with a turnover of EUR280 million and expects to maintain it in 2023, according to company officials.
Road freight transport company Sorcani, based in Sibiu, ended 2022 with RON77.5 million (EUR16 million) revenue, an increase from the RON55 million of 2021, its officials said.
The Brasov City Hall has accessed a European project worth over RON25 million (EUR5 million), within the National Recovery and Resilience Plan, targeting the construction of 60 housing units for youths, which will use energy exclusively from renewable sources (photovoltaic panels and heat pumps).
Cigarette wholesaler Punctual Comimpex, based in Cluj-Napoca, estimates this year’s revenue to reach RON1 billion (approximately EUR200 million), an increase of more than 9% on 2022, ZF has calculated from the data the company supplied.
Romania's Finance Ministry raised RON623 million on Monday (March 13) selling bonds maturing in 2027, at an annual average yield of 7.26%.
The JD Agro Cocora Group, owned by Danish investors through Romania Farm Invest A/S, has acquired an agricultural farm of approximately 1,370 hectares in Constanta County, in a transaction worth EUR10 million.
Net Communications Systems, an IT company established in 2022, the first pandemic year, ended 2022 with a turnover of EUR1.2 million, up over 70% from 2021, and for end-2023 it targets a 30% increase in turnover up to EUR1.56 million, company officials said in a statement.
R Systems Europe, a global company specialized in digital transformation services and present across over 15 countries, had a turnover of EUR22.79 million at end-2022, up 33% versus 2021, as per a statement released by company representatives.
Private consumption in Romania expressed through the volume of retail sales grew almost 6% in January 2023 compared to January 2022, which translates into a significant acceleration versus a 3.6% increase in December 2022, in line with data from the country's statistics board INS.
Romania's trade balance posted a deficit of EUR2.33 billion in January 2023, higher by EUR20.3 billion (+9.5%) compared with January 2022, data from the country's statistics board INS showed on Monday (March 13).
Romania's annual inflation rate edged up to 15.5% in February 2023 after slowing down to 15.1% in January 2023, data from the country's statistics board INS showed on Monday (March 13).
One United Properties, the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, has concluded a EUR20 million financing agreement with Banca Transilvania, over a period of up to 42 months.
Chiajna-based Omnia Plast, controlled by Italy’s Sunino Spa group, which produces winter sports equipment, toys and other plastic items in three local plants, ended 2022 with EUR60 million turnover, from EUR54 million in 2021.
Beverage wholesaler Amigo & Intercost of Odorheiu Secuiesc, Harghita county, announced it reached over 1,000 employees at group level and, depending on expansion, recruiting will continue in 2023.
Licurici Impex, a FMCG wholesaler of Onesti, Bacau county, for 2023 expects turnover worth around RON540 million (EUR109.5 million), 10.6% higher than in 2022, in line with ZF calculations based on company data.
Valentin Stefan, general manager of Posta Romana, Romania’s state-owned postal operator, the country’s biggest employer, wants to tap into the local courier services market.
Healthcare network Regina Maria, a major player on the private healthcare market, has bought Nativia clinic, founded in 2020 by gynecologist Gheorghe Peltecu.
The Board of Directors of Banca Transilvania (TLV.RO), the largest lender in Romania, has called shareholders on April 26, when they are to vote on the 2023 spending and revenue budget, as well as on a share capital increase, according to a document sent to the Bucharest Stock Exchange.
OTP Bank Romania posted after tax profit of RON34.6 million in 2022, an decline of 40% on 2021, the group report published in Budapest shows. The report presents the consolidated results, in line with the group’s standards.19029 items