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International rating agency Moody's Investors Service (Moody's) has reconfirmed the Ba1 rating, with a positive outlook, awarded to Romania's national power grid operator Transelectrica (TEL.RO).
Dutch-based company I3CP said that on August 25 it subscribed to all newly issued shares for the share capital increase of Romanian insurer City Insurance, which was approved by the insurer’s shareholders in July 2021.
MedLife Group (M.RO), the leader of the private medical services market in Romania, ended the first half of 2021 with a consolidated turnover of RON677 million, up 44% from the same period in 2020, and a profit of RON71 million, per its half-year financial report.
The pandemic has not slowed down the constructions works Italy’s Astaldi group is carrying out in Romania, shows the latest financial report published by the company.
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) ended the first half of 2021 with a turnover of RON174 million, up 8% on the year, and a net profit of RON35 million, up 12% from the same period in 2020, per its financial report.
The number of housing units delivered annually in each county of Romania and the spectacular growth seen by some counties, such as Brasov (a 139% increase in 2020 against 2010), Sibiu (101% growth) or Timis (223% increase) are pointing both to the degree of housing, economic and social development, and to people’s housing appetite.
Donalam stakeholder AFV Beltrame Group, a major European producer of steel bars and other special steels, has announced a EUR200 million investment in a reinforcing steel and wire rod production unit in Romania.
Online retailer Atu Tech, mainly specializing in security systems, has earmarked another EUR1 million this year to develop its own system range, known as SAFER, explained Sorin Felea, Atu Tech general manager and stakeholder.
Targoviste-based dairy product maker Lactate Natura, majority owned by regional investment fund SIF Oltenia, ended the first half of this year with net turnover of RON4.5 million, 43% lower than in the same period of last year, in line with calculations based on the half-year report the company filed with the BSE.
Gebrüder Weiss, one of the largest logistics and transport operators in Romania, plans to expand its logistics space in Bucharest and Sibiu by about 20% next year. The company currently has 65,000 square meters of logistics space with an average occupancy rate of 90%, a Gebrüder Weiss release says.
Romania's general consolidated budget posted a deficit of RON33.97 billion in January-July 2021, or 2.89% of the gross domestic product, lower than RON49.68 billion, or 4.71% of GDP, in the first seven months of 2020, when the economy was mostly shut down by the pandemic, per finance ministry data.
The Board of Directors of lender Patria Bank a(PBK.RO) approved in its meeting of August 26 the appointment of Luca Victor Rogojanu to the position of Deputy General Manager, Risk Division, member of the Executive Committee of Patria Bank, for a four-year mandate, starting September 1, 2021.
Romanian real estate developer Impact Developer & Contractor (IMP.RO) has overshot the RON1 billion stock market capitalization threshold after its shares have spiked 104.3% since the beginning of 2021, amid deals worth RON50 million, per stock market data.
Industrial equipment producer AAGES Targu-Mures (AAG.RO) ended the first half of 2021 with a net profit of RON3.2 million, up 412.7% (over fivefold higher) year-over year, and a turnover of RON20.1 million, up 43.4% from the first half of 2020, per calculations by Ziarul Financiar (ZF) based on stock market data.
Online furniture and home decor retailer Vivre Deco on Thursday informed the holders of Vivre bonds, traded under the symbols VIV25E and VIV26E that, on August 24, 2021, Monica Cadogan announced her resignation from the position of Chief Executive Officer of Vivre Deco.
Global Database, an aggregator of public and private company data founded by two Romanians in 2015, wants to get EUR1.4 million funding for development, marketing investment and to hire sales specialists for the US and UK.
Over half of Europeans and all car fleet managers across Europa plan to buy electric vehicles (EVs) over the next two years, per the e-Readiness Report 2021 drafted by Strategy&, the global strategy consulting team at PwC.
Investment fund The Rohatyn Group (TRG) has sold Pet Network, a company also present in Romania via the Animax and MaxiPet brands, to private equity firm A&M Capital Europe.
Seed producer and processor Agribusiness Germina plans to sell a corn processing facility in Vadeni (Braila County) to Rodbun Group, one of the leading agribusiness companies in Romania, at a price of EUR650,000.
Romanian electrical components manufacturer Romradiatoare Brasov (RRD.RO) reported a net profit of RON1.2 million in the first six months of 2021, compared with a loss of RON638,580 in the same period in 2020.18957 items