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Romania’s industrial production increased by 16% as gross series in the first half, because of rises in manufacturing (+17.8%) and the electricity, gas, steam and air conditioning supply (+12.9%), National Statistics Institute (INS) data show.
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, ended the first half with RON385.3 million net profit, 12.3% higher than in the year-ago period, and 16.9% higher operating revenue, RON1.38 billion.
Digi Communications (DIGI.RO), the largest cable TV operator in Romania, with operations in Hungary, Spain and Italy posted EUR48.4 million profit in the first half of 2021, compared with EUR41 million loss in the year-ago period, and total revenue of EUR695 million, an increase of 11.5% on the first half 2020, ZF has calculated from Digi’s financial report.
Cluj-Napoca software solutions developer iQuest Technologies SRL posted almost EUR3 million net profit in 2020, up by 74% from the EUR1.7 million of 2019, Finance Ministry data show.
Grain trader Cambela Prod posted RON504 million revenue in 2020, an increase of 42% year-on-year, which puts it among the largest grain traders in Romania, a ranking dominated by foreign actors so far, ZF has found from Finance Ministry data.
La Cocos hypermarket, which opened in the Vitantis complex in Bucharest at the end of 2020, posted more than EUR20 million (excluding VAT) sales in January-July 2021. Its officials expect EUR35 million to EUR40 million sales for the entire year, the same as initially planned.
The Finance Ministry on Thursday reopened a bond issue due in November 2024 and borrowed RON305 million from banks, RON5 million more than scheduled, at an annual yield of 2.92%.
Visual Fan (ALW.RO) a commpay that sells various gadgets like tablets and cell phones under the Allview brand, posted RON4.8 million net profit in the first half, an increase of 62.74% on the year-ago period.
There were 3,033 new insolvency cases in the first half of 2021, an increase of 23% on the year-ago period, a study by Coface Romania shows. The number of insolvency cases started in the first half returned to almost prepandemic levels and analysts expect a double-digit increase for the entire year.
The operating income of Bucharest Stock Exchange (BVB.RO) went down 6% to RON11.7 million, while the net profit went down 33% to RON3.57 million in the first half, its financial report published on Thursday shows.
Romanian oil storage and shipment firm Oil Terminal ended the first six months of 2021 with net profit of RON9.73 million, 28% higher than in the same period of 2020, and turnover worth RON94.8 million, up 3.4%, according to ZF calculations based on the financial report the company submitted to the BSE.
Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgium’s BMT group, posted RON122.4 million (EUR25.4 million) revenue in 2020, a decline of 18% from the RON149.6 million (EUR31.6 million) of 2019, Finance Ministry data show.
Scandinavian furniture and home décor retailer JYSK is expanding further in Romania by opening a new store, in Vaslui, thus getting to a domestic network of 104 units.
The year 2021 started well for the alcoholic beverage importer BDG, as sales returned to growth and beat not only the 2020 but the 2019 level, as well.
The Romanian market is, by store number, among the 3 most important European ones, for the Dutch-Belgian group, together with the Netherlands and Belgium.
Dragos Sarbu, CEO of electronics retailer Flanco, says expansion abroad is still part of the company’s plans, despite COVID-19 pandemics. The first country the Romanian firm will enter is Hungary, most likely in 2022.
East Grain, a grain trader controlled by several entrepreneurs of Romania and Hungary, last year completed a EUR7.6 million investment in a agricultural logistic centre in Sanpaul commune of Mures county.
The government on Wednesday agreed to increase the number of foreign workers newly admitted on the Romanian labour market in 2021 by another 25,000.
Electrica (EL.RO) shareholders have approved the establishment of a renewable energy generation company, Electrica Productie Energie, a report to the Bucharest Stock Exchange shows.
Integrated mobility service provider Autonom Services has reached an agreement with BRD-Group Société Generale as intermediary of a prospective corporate bond offering program in the fourth quarter of 2021, the company announced on the Bucharest Stock Exchange.19043 items