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Cocor Bucuresti (COCR.RO), which owns the Cocor shopping center in downtown Bucharest, ended 2020 with a net profit of RON1.4 million, down 74% from 2019, and a turnover of RON10.4 million, down 26% on the year, per calculations by Ziarul Financiar based on the company’s preliminary financial report.
New car registrations in Romania decreased by 21.94% on the year, to 6,897 units, in February 2021, data from the association of automotive manufacturers in Romania (ACAROM) and from the vehicle registration department (DRPCIV) showed Monday.
The Board of Directors of state-owned energy utility group Electrica (EL.RO), the largest players in the energy services sector, approved on February 26 the consolidated investment plant (CAPEX) of the Group for 2021, in the amount of RON712.4 million, per a stock market report.
Vacuum cleaner manufacturer Electroarges (ELGS.RO) in Curtea de Arges ended 2020 with a net loss of RON13.7 million, from a net profit of RON2 million in 2019, and revenue from contracts of RON245.4 million, up 27.5% on the year, per calculations by Ziarul Financiar based on data from the company’s preliminary financial report.
Romania's foreign exchange reserves fell to EUR35.139 billion at the end of February from EUR37.454 billion at the end of January, central bank data showed Monday.
Revolut, the financial app with over 15 million users worldwide, has been granted a banking license in Romania, which means customer deposits of up to EUR100,000 are now guaranteed under the European deposit guarantee scheme.
US-held Bucharest Properties REIT, a real estate developer specializing in rental apartments in Bucharest, has completed the second stage of the Vitan Estates residential project, following an investment of EUR10 million.
Bittnet (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, reported RON108.6 million consolidated revenues in 2020 and an operating profit of RON4.3 million, five times higher compared with 2019.
Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported a net profit of RON2.8 million for 2020, down 48% compared with 2019.
Holde Agri Invest (HAI.RO), a Romanian company operating farmland, on Monday reported consolidated revenue of RON46.8 million and a net profit of RON5.3 million for 2020.
The Romanian e-commerce market reached approximately EUR7 billion in 2020, 36% higher compared with 2019, data from online payment processor PayU showed Monday.
Denmark’s Rockwool, which has a mineral wool plant in Aricestii Rahtivani, Prahova, ended 2020 with 18% rise in sales on the Romanian market to some RON113 million from the RON96 million of 2019.
Six private equity firms have bought seven private healthcare providers in Romania in the past two years, betting EUR100 million to EUR150 million on them, according to ZF estimates.
Dacia will stop working for two days in March, in addition to the three in February, the company said. The plant will therefore make 6,500 cars less, which will cost it almost EUR100 million, considering a price per car of EUR15,000 including VAT.
Rompetrol Rafinare (RRC.RO), part of KMG International Group, ended 2020 with a loss of USD220.15 million (RON885 million), from a loss of RON49 million (RON197 million) in 2019, and with a turnover of USD2.3 billion (RON9.4 billion), down 39% on the year, per calculations by Ziarul Financiar based on a preliminary financial report released Friday evening.
TeraPlast Group has announced the closing of the transaction for the sale of the steel products division to Kingspan Group. On February 26, the shares of TeraPlast in TeraSteel Romania and Serbia, respectively Wetterbest, were transferred to Kingspan, at which point the transaction price of RON373 million was paid, per a stock market report.
Winemaker Purcari Wineries (WINE.RO) on Friday said it ended 2020 with a net profit of RON60.4 million, up 49% on the year, and revenue of RON203.3 million, up 2% on the year.
Romania’s Hidroelectrica, the largest electricity producer in Romania, is summoning its shareholders on March 29, 2021, to approve a memorandum with Austria's largest electricity provider Verbund in order to jointly develop the project “Green Hydrogen @ Blue Danube” aimed at producing, transporting and selling “green” hydrogen.
Agroland Business System, the most extensive farming store chain in Romania held by businessman Horia Cardos, will start trading its shares Monday, March 1, under the ticker symbol AG, on the alternative trading system AeRO of the Bucharest Stock Exchange, per stock market data.
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) ended 2020 with a net profit of RON38.44 million, down 41.7% on the year, and a turnover of RON294.8 million, down 26.1% on the year, per calculations by Ziarul Financiar (ZF) based on the preliminary financial report released Friday.18948 items