Romania’s national power transmission company Transelectrica (TEL.RO) reported net profit of RON219 million for 2023, lower by RON296 million or 57.5% than in 2022, mainly due to the fact that in the current year there was no revenue from the capitalization of own technological consumption (OTC) at the level of the amount recorded in 2022 (RON13.8 million in 2023 vs RON338.5 million in 2022).
Low-cost airline Wizz Air announces that it added new routes from the Romanian cities of Bucharest and Brasov to the Hungarian capital city of Budapest.
PR agency Golin Romania, one of the leading Public Relations agencies on the local market, has announced the appointment of Cristina Butunoi to the position of Executive Director.
Electrica has announced on Wednesday (Feb 28) that its shares have been admitted for the first time ever for inclusion in the FTSE Global Equity Index Series (GEIS), and that the effective entry into FTSE Russell indices will take place starting with the trading session on 18 March 2024.
Investimental, the newest broker on the Romanian capital market, has reached 1,000 retail investors in Romania, who collectively manage some 3,200 trading accounts, investing in the Romanian and the US markets.
The optimism regarding the economic evolution in Central Europe is growing, according to the latest Deloitte Central Europe Private Equity (PE) Confidence Survey, as the share of respondents who expect overall economic climate to improve went up to 42 percent, from 15 percent, in the summer of 2023.
The volume of real estate deals in 2023 declined to around EUR476 million, less than half the 2022 record high, but the market is likely to slightly rebound this year, to around EUR500 million, reveals an analysis by Colliers.
Infinity Capital Investments registered revenues worth RON100.6 million in 2023, down 48%, and RON7.6 million net profit, 58% lower than in 2022, impacted by the dynamic of dividend income.