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Romanian maker of parts for gas turbines and aircraft Turbomecanica (TBM.RO) has approved distribution of RON10.1 million dividends, the company said in a report to the Bucharest stock Exchange.
Erste Group, which owns Romanian lender Banca Comerciala Romana, on Friday published a report on the economy of the Central and Eastern European countries, in which it revised its forecast for Romania’s economic growth to 2.8% of the GDP.
ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, which serves as an umbrella for various Romanian construction material manufacturers, announced the acquisition wire product manufacturer Dial in Harsova in its entirety in a EUR14 million deal.
Regional investment fund SIF Oltenia (SIF5.RO) shareholders approved distribution of 39.95% of the 2021 net profit (RON37.5 million) or RON15 million as dividends, which ensures a gross dividend per share of RON0.03, during the general meeting whose decisions where published on the Bucharest Stock Exchange on April 28.
Recycling group Green Group, which includes eight companies with recycling and waste management operations in Romania and Eastern Europe, will relocate its Bucharest office to the One Tower building part of the multi-purpose complex One Floreasca City in July.
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, stood at 4.95% a year on Friday, April 29, an increase of 1.4% from 4.88% a year on Thursday (April 28), central bank data show.
Lender Banca Comerciala Romana (BCR), controlled by Erste Group, ended the first quarter of 2022 with net profit worth RON477.5 million (EUR96.5 million), up 12.5% from RON424.6 million (EUR87.0 million) in 1Q/2021, owing to improved operating performance supported by ongoing strong lending.
In the context of the unprecedented high and volatile oil prices, generated by the Ukrainian war, and aid rising sales volumes, OMV Petrom, the biggest company listed on the Bucharest Stock Exchange, saw its sales soar by 145% in the first three months of 2022 against the year-earlier period, while net profit tripled.
Romanian IT Genetics, one of the largest providers of hardware and software solutions on the DC/POS (data collection and points of sale) market, invested over EUR300,000 to open an office in Madrid, Spain, with this being its third office abroad after those of Bulgaria and Hungary.
Jumbo, the subsidiary of the Greek retailer of the same name, reported EUR182 million in 2021, namely around RON890 million, in line with ZF calculations.
FAN Courier, leader of Romania’s courier services market, founded in 1998 by Felix Patrascanu, Adrian Mihai and Neculai Mihai, has completed the Cluj-Napoca hub that is set to become a new transit point besides the hubs of Bucharest and Brasov.
Prevent clinic of Alba Iulia, which also owns a unit in Turda, is going to add a new clinic, but the main hurdles are related to the drawn-out process of getting authorizations to start construction works.
Intertranscom Impex, a producer of wire mesh with a plant in Bacau, almost doubled its turnover in 2021, to RON1.7 billion, while profit posted an over fourfold increase from 2020, to RON174.8 million.
After this year’s listing of ROCA Industry, a holding comprising building materials producers part of ROCA Investments portfolio, the investment platform belonging to Impetum Group plans to introduce RDF Arad farming holding on the capital market, says Rudolf Vizental, co-founder and CEO of ROCA Investments.
Romania’s Energy Ministry, the majority owner of natural gas producer and supplier Romgaz (SNG.RO), approved the acquisition of US’ ExxonMobil’s stake in the Neptun Deep block in the Black Sea in the general meeting of shareholders on Thursday, a report to the Bucharest Stock Exchange shows.
Romania’s largest cosmetics manufacturer, Farmec Cluj-Napoca, posted RON285 million revenue in 2021, an increase of 8.4% on 2019 and 1.2% lower than in 2020, when sanitizers carried the weight the sales.
BRD-Groupe Société Générale (BRD.RO) announced distribution of a RON1.285 gross dividend pe share, following its general and extraordinary shareholder meetings on April 28, according to a report to the Bucharest Stock Exchange.
Romania’s natural gas transmission company Transgaz (TGN.RO) shareholders approved the distribution of a gross dividend per share of RON14.82 for the financial 2021, in a general meeting on Thursday. The yield is 6.17% in this case, ZF has calculated from Bucharest Stock Exchange data.
Financial investment company Evergent Investments (EVER.RO, former SIF Moldova) intends to conduct a repurchase of its shares and distribute dividends of RON62.2 million or RON0.065/share with a yield of 5.3% a year.
Romania’s National Commission for Strategy and Prognosis (CNSP) has published the new economic growth forecast for 2022. The new economic growth the government expects is 2.9% instead of the 4.3% in the winter forecast. The state budget was built around an actual economic growth of 4.6%.19043 items