Netcity Telecom, the operator of the underground fiber optic network of Bucharest, ended 2023 with a 10% annual increase in turnover, to RON61.2 million (EUR12.3 million), in line with finance ministry data.
MedLife (M.RO) has informed the capital market on May 22 that Mihai Marcu, the company's Chief Executive Officer (CEO) and Chairman of the Board of Directors, on May 20 sold a total of 2.04 million M shares, at a price of RON4.42 per share, which totals over RON9 million, as per a stock market report.
National power grid company Transelectrica (TEL.RO) on Wednesday informed shareholders and investors about the appointment of its directorate members and the directorate chairman on May 22, 2024, as the provisional members’ terms were due to end on May 24.
BRK Financial Group (BRK.RO), the only stockbroker listed on the Bucharest Stock Exchange, on Wednesday announced the signing of an additional act to extend the facility agreement with CEC Bank for financing day-to-day operations.
The Dulcinella brand, originating in the Republic of Moldova and present in Romania since 2019, has opened four new pastry shops, in the cities of Bucharest, Iasi and Suceava, following a total investment of over EUR300,000.
Supermarket and convenience store chain Profi ended 2023 with a turnover of RON12.9 billion, up 11% from 2022, but the advance is half the level reported in 2022 versus 2021.
Telekom Romania Mobile, the fourth mobile telephony operator in Romania, recorded loss in 2023 too, lower revenue and a lower average number of employees, in line with data from the balance available on the finance ministry website.
The total value of exports of raw and processed tobacco products, such as cigarettes and tobacco consumables for heating products, reached EUR1.68 billion in 2023, higher by EUR200 million compared to 2022, in line with the latest data released by Romania's statistics board INS.
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in the next 12 months, while the inflation rate will average 5.73%, up from 5.33% from the previous survey.
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, has been selected by the Bucharest City Hall in an auction for the contracting a RON150 million loan to be used for the acquisition of 100 electrical trolleybuses.
Rating agency Fitch has assigned Romgaz, a natural gas producer and supplier controlled by the Romanian state, investment grade credit rating “BBB-“ with a stable outlook.
Local company Senior Software, which specializes in development and integration of IT systems for business management, in 2023 generated net profit worth over RON10 million, up 44% year-on-year.
The Bucharest Stock Exchange (BVB) announced in a stock market report on May 21 that it would start a share buyback program from May 22, which was approved by shareholders on April 24, 2024.
Bistrita-based car battery manufacturer Rombat, controlled by the South African group Metair, ended 2023 with a turnover of RON512.6 million (EUR103.6 million), up 1.6% from nearly RON504.5 million (EUR102.3 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating five flights from the Sibiu International Airport to Nuremberg and Stuttgart (Germany), Milan-Malpensa and Rome-Fiumicino (Italy) and Barcelona (Spain) starting with July 20, 2024.
Honey producer Apidava from Alba County sold honey and honey-based products worth EUR9.4 million, in 2023, compared to nearly EUR8 million in 2022, Alina Mates-Ochis, sales&marketing manager Apidava, told Ziarul Financiar (ZF) daily.
Simtel Team, a Romanian engineering and tech company and a national leader in renewable energy, ended the first quarter of 2024 with net profit of RON4.96 million, up 199% compared to the same quarter of 2023.
The Romanian M&A market is among the top four M&A markets in the region in terms of deal volume and is increasingly gaining visibility with international investors and developing a strong local investor base, notes Razvan Butucaru, Partner, Financial Services & Advisory Leader, Mazars in Romania, in an analysis by the international audit and tax advisory firm.
Affidea, the largest player in the medical imaging services market in Romania, has completed the acquisition of MedEuropa radiotherapy centers, a deal announced in March 2024. The first step for the new MedEuropa shareholder is a EUR15 million investment in Iasi in a new radiotherapy center.