Found 19043 news
Libra Internet Bank posted RON181.14 milion net profit in 2021 and a net loan volume of RON5.4 billion, more than 17% higher than in 2020 (RON4.63 billion), amid a balanced niche strategy.
ZebraPay, operator of national payment stations network SelfPay, with bonds listed on the local stock exchange, at end-2021 reported net turnover worth RON121.8 million, 11.46% higher than in 2020.
Sport Guru, the main retailer and distributor of specialized sporting goods domestically, posted total sales of RON38.4 million at the end of 2021, up 62% on the year, and RON2.8 million net profit, 64% higher.
ABN Systems International (ABN.RO), the owner of the Tellur brand, ended 2021 with RON108.7 million (EUR22 million) revenue, an increase of 16.2% on the previous year, while the net profit rose 67.8% year on year to RON9.5 million (EUR1.9 million).
Altius, an Importer and distributor of veterinary medicines and veterinary medical equipment, has relocated its office to One Tower, part of the multi-purpose development One Floreasca City, where it leased 690 square meters in April.
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, rose to 4.88% a year on Thursday (April 28) from the 4.79% on Wednesday (April 27), central bank data show.
Poland’s Scallier, one of the most dynamic investors in small and middle-sized retail parks, contracted EUR8 million funding from OTP Bank Romania for the construction of Turda-based retail project Funshop Park, set to comprise around 9,000 square meters of commercial space built on a 24,000-sqm land plot.
Petrom shareholders, including Austria’s OMV (51%), Energy Ministry (20.6%), as well as Pillar II private fund pensions and Fondul Proprietatea, on Wednesday approved paying investors RON1.9 billion from 2021 profit, this being a record high sum Petrom distributes to shareholders.
Romania’s business managers for April-June forecast moderate activity growth in the processing industry, retail trade and services, in parallel with a steep price increase in industry, constructions and retail trade, while the number of employees in industry, constructions and services will stay relatively stable, showed a survey by Romania’s statistics board.
Farmaceutica Remedia, a major player on Romania’s pharma market, generated RON472.8 million revenues, up over 7% from the previous year, with the drug distribution unit as the main business driver.
Laurentiu Ciocirlan, managing partner of investment fund EquiLiant Capital created by Paval brothers, the owners of Dedeman, Romania’s most powerful entrepreneurial business, states the fund wants to reach a number of six-seven companies in its investment portfolio.
Belgium’s logistic developer WDP is building a warehouse in Timisoara for an Austrian company that has recently arrived in Romania, Bulung, in line with the group’s latest report.
Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, owning five hotels in Romania, posted 20-25% higher turnover in February and March along the entire chain from the same period of last year, according to the company’s officials.
ROCA Investments reached a valuation of RON247.5 million (over EUR50 million) this year, more than double the value in 2018, RON102 million.
This year’s leader in the ranking of most valuable Romanian brands is eMAG, valued at EUR1.02 billion, an increase of 29%. It beat Dacia for the first time, which dropped 28% to EUR815 million, shows the latest report of Brand Finance, a global independent brand valuation and strategy firm.
UiPath, the most valuable startup to come from Romania, which has been on the New York Stock Exchange for more than a year, on Wednesday afternoon announced the appointment of Robert Enslin as co-CEO starting May 16.
Romania’s general consolidated budget increased by 7% to RON15.7 billion in the first three months of 2022 compared with the year-ago period, the Finance Ministry announced on Wednesday.
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, rose to 4.79% a year on Wednesday (April 27) from 4.76% on Tuesday (April 26), central bank data show.
Private lending in March expanded by 15.7% from the year-earlier period, to RON336.1 billion, after local currency lending increased by 20% and foreign currency lending by 5.6% when expressed in lei, central bank data showed on Wednesday.
Hypermarket network Auchan has expanded with a new logistic center in Calan locality of Hunedoara county.19043 items