tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, announces an upward revision of its net profit for the first half of 2024, after the auditors’ review of the interim financial data, to EUR24.4 million (EUR1.2 million more than initially reported).
Romania’s statistics board INS upwardly revised the country’s economic growth for the second quarter of 2024 against the same quarter of 2023 and the first quarter of 2024.
Romania's trade balance posted a deficit of EUR20.9 billion in January-August 2024, higher by 14.6% compared to the same period of 2023, data from the country's statistics board INS showed on Thursday (October 10).
Employees are starting to gradually adapt to the pre-pandemic work patterns, so that over 82% of them believe they would not have any problem working daily in the office should employers decide this in the future and even say they would adapt quite quickly, reveals a survey recently conducted by Genesis Property among 1,168 respondents countrywide.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, completed the acquisition of 50% of the shares of Electrocentrale Borzeşti from RNV Infrastructure. The latter owns renewable energy projects with a capacity of approximately 1,000 MW, comprising of 950 MW of wind power and 50 MW of photovoltaic capacity. The acquisition was announced earlier this year. The wind projects will be developed, built, and operated in partnership with RNV Infrastructure. The photovoltaic project is in production tests.
Foreign direct investments in Romania’s real estate and construction field in 2023 rose by EUR2.1 billion, holding the second biggest weight in the overall FDI at end-2023, namely 17.5%, reveal Romania central bank BNR data analyzed by real estate consultancy Cushman & Wakefield Echinox.
Luther Imobiliare has taken over and will continue “Fosta Fabrica” project, a monument conversion and consolidation and urban regeneration one.
Furniture parts supplier WIP Industries Romania, the local subsidiary of Sweden’s WIP Holding, for 2023 reported turnover worth RON90.8 million (EUR18.3 million), up 27.4% from 2022, in line with ZF calculations based on Finance Ministry data.
OMV Petrom, Romania’s main local oil and gas producer, in July-September 2024 reached total hydrocarbon production of 107.2 thousand barrels of oil equivalent per day, down 5.6% from Q3/2023, in line with ZF calculations based on company data.