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Credit Europe Bank Romania on Monday said it ended 2021 with a net profit of RON70 million, compared to loss of RON17 million in 2020.
ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, has signed a contract for a full (100%) takeover of Dial, a Romanian company with over 20 years of experience in manufacturing wire products, such as fence panels.
The European Commission has approved a EUR1.9 million Romanian aid measure to compensate Tarom for the damage suffered on 14 routes due to the coronavirus pandemic and travel restrictions between July 1 – December 31, 2020.
The bonds issued by the Municipality of Bucharest through the City Hall of Bucharest (PMB) are now traded on the Main Market of the Bucharest Stock Exchange.
Romania's foreign exchange reserves increased by EUR358 million in April 2022 versus March 2022, to EUR40.5 billion, central bank data showed Monday.
The Dr. Leahu dental clinic network, listed on the AeRO market of the Bucharest Stock Exchange, invested RON18.8 million in 2021 to expand its business along with the opening of five new dental centers in the Romanian cities and towns of Bucharest, Ploiesti, Galati, Cluj and Craiova.
Green Group, a group of firms active in the recycling sector and majority owned by investment fund Abris Capital Partners, has recently contracted a multi-jurisdiction financing of EUR127 million from a syndicate of banks made up of Banca Comerciala Romana (BCR), ING Bank, OTP Bank Romania, Raiffeisen Bank and UniCredit Bank.
Sweden’s Medicover, one of the largest providers of private medical services in Romania, has fully acquired Laurus Medical, a network specializing in proctology and phlebology healthcare services, according to Medicover officials.
New car registrations in Romania increased by 23.42% to a total 8,469 units in April 2022 versus April 2021, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed Monday.
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening a new store, within Bucharest-based AFI Cotroceni shopping center.
Oveit, ticketing and cashless payments company headquartered in Austin TX, USA, has concluded a partnership with Romanian deep-tech startup Humans.ai, for the development of artificial intelligence powered NFTs for live stream shopping.
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 exceeded the 5% threshold for the first time, climbing to 5.01% on Monday (May 2, 2022), as per central bank data.
AROBS Transilvania Software, a tech company listed on the Bucharest Stock Exchange under the AROBS ticker, targets RON197.3 million, RON54.9 million EBITDA and net profit worth RON47.3 million at end-2022.
The shareholders of Banca Transilvania (TLV), among which Pillar II pension funds, regional investment funds, the EBRD, approved the distribution of RON800 million from 2021 profit under the form of dividends, the equivalent of a 5.2% return, as well as a RON765 million share capital hike via the granting of free stock.
Romania’s unemployment rate was flat on the month at 5.7% in March 2022, data from the country’s statistics institute INS shows on Monday (May 2).
Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, got the ok from Romania’s National Defense Council (CSAT) to sell and install 5G networks in Romania.
Hotel company Tusnad, which manages two accommodation units in Tusnad resort, doubled its revenues last year, to around RON11 million, from RON5 million in 2020.
Italian-held Maschio Gaspardo, which produces farm machinery in Romania in the plant of Chisineu-Cris of Arad county, expects to generate EUR70 million turnover in 2022, after having lifted production capacity by 20% last year, according to Mirco Maschio, chairman of Maschio Gaspardo group.
Romania’s Energy Ministry, as majority shareholder and Fondul Proprietatea as shareholder (20%) of Hidroelectrica approved payment of RON3.8 billion dividends by the country’s largest electricity producer, on April 28.
Agricover Group, the leader of the agribusiness market in Romania, ended 2021 with RON1.71 billion revenue, an increase of 50% year-on-year, as a result of an increase in market shares, it said in a release. Consolidated revenue stood at RON1.13 billion in 2020.19043 items