Found 19015 news
Millenium Insurance (stock symbol: MIB), an insurance broker majority owned by mobility network Autonom Services, acquired insurance brokerage company VECTOR Broker de Asigurare-Reasigurare SRL, in a deal amounting to EUR900,000, MIB announced in a stock market report on May 30.
The shareholders of Arobs Transilvania Software (stock symbol: AROBS), the largest IT company listed on the local capital market, at the end of May 2025 approved the acquisition of 70% of the share capital of a company based in US State of Nevada and active in the field of software development, the company announced in a stock market report released on May 28.
Entrepreneurial company Grup Serban Holding (stock symbol: GSH), active in several fields of agriculture, reported a turnover of RON60.5 million for the first quarter of 2025, down 53% against the same period of 2024, as per its financial report.
Romania's Finance Ministry raised RON936 million from banks on Monday (June 2), selling government paper, at an annual average yield of 7.54%.
Romania's foreign exchange reserves stood at EUR55.6 billion at the end of May 2025, lower by EUR6.7 billion than the EUR62.4 billion level reported on April 30, 2025, Romania’s central bank announced on Friday (May 2, 2025).
Deloitte Romania is strengthening its top management team by promoting Andrada Tanase to the position of partner in the advisory practice and Camelia Malahov, Maria Butcu and Monica Tariuc-Teodorescu to the role of partners in the tax and legal practice, starting with June 2025.
Pharmaceutical company Johnson&Johnson Romania has appointed Andreea Mocofan as country director for the local operations.
New passenger car registrations in Romania in May 2025 dropped by 32.7% from May 2024, to 10,521 units, in line with data provided by Romanian Carmakers Association ACAROM.
Businessman Dorin Bob, owner of MIB Prodcom, which owns can brand Arovit, and of real estate developer Studim Green of Cluj, obtained European funding totally worth EUR4.6 million to expand farming activities of Satu Mare, set up new hazelnut plantations, reconvert an orchard, install modern irrigation systems and acquire state of the art technology.
Alternative investment fund Lion Capital registered a RON36.5 million loss in Q1/2025, from RON11.3 million profit in the same period of 2023.
Printec Group Romania, a leading payment solutions provider for the banking industry, in 2024 registered turnover worth RON115.9 million (around EUR23.3 million), up 9% from 2023. At the same time, the company’s net profit climbed 3% to RON8.7 million (around EUR1.75 million).
LSEG Business Services RM SRL, the Bucharest technology and operations center of London Stock Exchange Group (LSEG), continued to register business growth in 2024 as well.
Google Bucharest SRL, the US giant’s tech center in Romania, saw its 2024 turnover remain almost unchanged, with just a slight increase, but reported wider losses.
Expur, one of the largest vegetable oil and biodiesel producers in Romania, in 2024 reported RON1.8 billion turnover, down 2% from 2023. But the company switched to profit, with a RON76 million net result, from a RON103 million loss in 2023.
Poultry manufacturer Safir has a spectacular year in 2024. The company posted RON14 million profit, three times higher than in 2023, in line with ZF calculations based on Finance Ministry data. Thus, 2024 was the most profitable year in the company’s over three-decade history.
Danube freight carrier Transport Trade Services (TTS.RO) reported consolidated revenue of RON160.5 million in January-March 2025, down 33% on the year, as per its financial report.
Bittnet Group (stock symbol: BNET) recorded consolidated revenues of RON46.4 million in the first three months of 2025, up 12.8% compared to the same period of 2024, and a gross margin of RON8.1 million, up 21.7% on the year, as per the company's financial report published at the Bucharest Stock Exchange.
Romanian entrepreneurial group Agroland, present on the agribusiness, retail, food production and animal nutrition market, reported consolidated sales of RON89 million for the first quarter of 2025, up 18% on the year, and net profit of RON3 million, up 36% on the year, as per the financial report published at the Bucharest Stock Exchange.
Romania's finance ministry has announced on Mya 30 that it will carry out a new issue of Fidelis government bonds for retail investors between June 6 and 16, 2025, which is the fifth Fidelis edition this year.
SAP Romania, the local subsidiary of German software solutions provider SAP, ended 2024 with a turnover of RON616.5 million (nearly EUR124.05 million), up 19% against 2023, as per finance ministry data.19015 items