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Healthcare for 1.9 million people living in south-western Romania will be transformed following construction of a new regional hospital in Craiova backed by a 368 million Euro long-term EIB loan.
The Bucharest Stock Exchange announced that SMTLR01 pre-emptive rights issued for the share capital increase carried out by Simtel Team (SMTL) will start trading on Wednesday (May 18).
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 5.57% a year on Wednesday (May 18) from 5.53% a year on Tuesday (May 17), as per central bank data.
Grup Serban Holding (GSH.RO), a Romanian entrepreneurial company active in several fields in agriculture, on Wednesday said it received the approval for a project with European funds for Fabrica de Paine Serban SRL, part of Grup Serban Holding.
In the first quarter of 2022, Belgium’s WDP posted rent income worth EUR14.6 million related to the 60 properties it owns in Romania.
The milk processing plant of Tulcea-based Fraher, whose construction started in 2020, will be opened at the end of this year in the wake of EUR6 million investments.
Financial securities did not protect Rompetrol Rafinare, the company managing Petromidia, Romania’s biggest refinery, from the Ukraine war impact over oil prices, with the company’s losses soaring ninefold in 1Q/2022 vs the first three months of 2021.
Instant Factoring, the first Romanian startup providing online microfactoring for small and medium-sized enterprises (SMEs), and Romanian lender TechVentures Bank have concluded a partnership to support SMEs and also any other company that has difficulty in managing the cash flow or looks for concrete development solutions.
Romanian managers’ confidence in the local economy has reached the highest level of the last two years, despite 76% of them expecting to be affected to a great extent by the war in Ukraine, and 40% anticipating a decline in gross domestic product (GDP), as per a Confidex survey conducted Impetum Group.
The turnover of local freight carriers decreased marginally in 2020, by 0.7% compared to 2019, but remained 36% above the 2016 level, to almost RON66 billion, in line with a Keysfin analysis which predicts a record level of RON75 billion for 2021.
The Bucharest National Airport Company (CNAB), which administers the Henri Coanda (Otopeni) and the Aurel Vlaicu (Baneasa) airports, on Tuesday said it registered a traffic of more than three million passengers in January-April 2022.
Construction material manufacturer Cemacon Cluj (CEON.RO) posted RON16.5 million net profit in the first quarter of 2022, 130% higher than in the corresponding period of last year, it said in a report to the Bucharest Stock Exchange.
Local startup firm SenseTask, which developed a cloud artificial intelligence (AI)-based platform for document processing, has raised a seed funding round worth EUR215,000 in order to scale up the smart document processing, company representatives said in a statement.
Romanian packaging maker Promateris (PPL.RO) posted consolidated re venue of RON42.7 million in the first quarter of 2022, an increase of 22% on the year-ago period, RON4.6 million EBITDA and RON1.2 million net profit, the company said in a report to the Bucharest Stock Exchange.
Telecom operator Digi Communications (DIGI.RO) on Tuesday reported revenue of EUR360.6 million on March 31, 2022, up almost 21% from RON297.9 million in the same period in 2021, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, on Tuesday said it ended the first quarter of 2022 with profit before tax of EUR124 million and a volume of underwritings of EUR3.45 billion, up 11.2% on the year, in line with data provided by VIG officials.
The number of eurozone businesses and households unable to make repayments on their bank loans is set to rise, according to the first EY European Bank Lending Economic Forecast.
MAM Bricolaj, a furniture materials and accessories supplier controlled by Gavan family, in the first quarter of this year posted RON14 million turnover, up 16.2% from the year-earlier period.
Telecom operator Vodafone Romania reported service revenue of EUR764 million for the fiscal year ended on March 31, 2022, lower by 0.1% than the level reported in the previous financial year, in line with the financial results released Tuesday by Vodafone Group Plc.
Only 5% of digitization projects completed, with application in the Romanian public sector, are actually used and continue to be developed and to benefit from maintenance services – as per an analysis of OVES Enterprise, a Romanian software development company established in 2015, in Cluj-Napoca.19043 items