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Financial investment company SIF Banat Crisana (SIF1.RO) sold shares in Erste Bank (EBS.RO) - the Austrian group that owns BCR in Romania - for about EUR15 million euros (RON75 million) in the third quarter of 2021, according to ZF's calculations from the quarterly report sent to the Bucharest Stock Exchange on Monday evening.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO), a company in which the Paval brothers - founders of the most powerful Romanian entrepreneurial business, Dedeman, have a 17% stake, ended the first nine months of 2021 with RON270 million revenue and RON10.5 million net profit.
Funds of Dutch NN Group, which operate in the fields of insurance, mutual funds and mostly on the mandatory private pension funds (Pillar II) segment, on Monday reported a 5% ownership stake in aluminum producer Alro Slatina (ALR.RO), which equals an investment of nearly RON96 million.
Evergent Investments (formerly SIF Moldova), a financial investment company with a capitalization of RON1.25 billion, liquidated its holdings in OMV Petrom (SNP.RO), Alro Slatina (ALR.RO) and Transgaz (TGN.RO) in the third quarter, i.e., in July, August and September, data from the quarterly report published on Monday evening show.
Viessmann SRL, part of the German heating, industrial and refrigeration systems group Viessmann posted about RON181.8 million (EUR37.7 million) revenue in 2020, up 4.6% from the previous year, according to calculations made by ZF based on data from the Finance Ministry.
DENT ESTET Group, established leader on the Romanian dental services market, part of the MedLife Medical System, on Monday announced the acquisition of 60% of the shares of Oradent by Dr. Costea clinic, local county leader by 2020 turnover.
Transport Trade Services (TTS.RO), the biggest freight transporter on the Danube, on Monday said it ended the first nine months of 2021 with a net profit of RON57.35 million, up 60.2% on the year, and a consolidated turnover of RON451 million, up 20% on the era, per calculations by Ziarul Financiar (ZF) based on the quarterly financial report.
Zarea, one of the most important players in the alcoholic beverages market in Romania, posted of RON110.4 million (EUR22.9 million) revenue in 2020, up 10% compared with the RON 100.5 million (EUR21.2 million) in the previous year, according to ZF calculations based on information available on the Finance Ministry website.
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Monday said it ended the first nine months of 2021 with a net profit of RON22.9 million, up 20% on the year, and a turnover of RON235.8 million, up 10% on the year, per calculations by Ziarul Financiar (ZF) based on data from IAR’s quarterly financial report.
Possible increases in public spending are currently unsustainable and impossible to cover from budget revenues and will end up in an increased level of public debt, more need for loans from the financial markets and the risk of ad hoc fiscal measures, with unpredictable effects.
Impact Developer & Contractor (IMP.RO), the real estate developer controlled by entrepreneur Gheorghe Iaciu, made RON110 million revenue of from the sale of real estate properties in the first nine months of 2021, down 19% compared with the same period last year, while net profit decreased by 43% to RON7.5 million.
Romanian aluminum processor Alumil Rom Industry (ALU.RO) on Monday said it ended the first nine months of 2021 with a net profit of RON5.08 million, up 127.9% on the year, and sales revenue of RON67.2 million, up 32% on the year, per calculations by Ziarul Financiar based on data from the company’s quarterly report.
Online retailer and manufacturer of mobile phones and gadgets iHUNT (HUNT.RO) on Monday reported a turnover of RON34 million for the first nine months of 2021, up 28% on the year, and a net profit of RON5.1 million, up 32% from the first nine months of 2020.
The software development hub of ING Group is getting ready to enter a new IT market in Romania, by opening an office in Cluj-Napoca (north-western Romania) in the coming period.
Dental and maxillofacial imaging chain DigiRay, founded by doctor Cristian Pop in Zalau in 2011 and acquired in 2020 by investment fund Black Sea Fund, has acquired the Dental Scan clinics in Bucharest and thus entered the Bucharest market with two other units.
E-mobility, self-driving and artificial intelligence software developer Porsche Engineering Romania has signed a lease with Iulius Group for 2,100 square meters of office space in the United Business Center building of the mixed-use project Iulius Town Timisoara.
Fabrica de Lapte Brasov, the producer of the Olympus dairy products, has invested EUR139 million in the plant in Halchiu, Brasov County, so far, in the decade since opening it, the company officials say.
Dr. Fischer Dental, which operates on the Romanian dental technique market and is held by Doctor Antoaneta Fischer, on Monday announced its intention to list on the AeRO market of the Bucharest Stock Exchange in January 2022.
Romanian state-owned hydropower producer Hidroelectrica on Monday reported record results for the first nine months of 2021 against the backdrop of a 48% increase in the average electricity sale price and an 18% higher amount of electricity sold.
Romania ranks 27th among 27 EU Member States in the overall ranking of the European Commission's 2021 Digital Economy and Society Index (DESI) released on Friday (Nov 12).18957 items