Romanian aircraft parts maker Romaero (RORX.RO), which entered insolvency amid financial distress, on Tuesday (Feb 27) announced that the provisional judicial administrator and the special administrator decided to appoint Bogdan Costas to the position of Chief Executive Officer (CEO) for a four-year term of office, until February 27, 2028.
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, ended 2023 with a turnover of RON593.36 million, up 9.7% from RON535.85 million in 2022.
Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, has exchanged a plot of land of 5,862 square meters for 50 apartments and 66 parking spots of 3,784 sqm from the portfolio of real estate developer Novum Business Invest.
Romania's car production returned in January 2024 to the level before the Covid-19 pandemic, for the first time in the last five years, as per data from the country's carmakers association ACAROM.
Transavia, a leading poultry producer in Romania, which was founded 33 years ago by entrepreneur Ioan Popa, ended 2023 with a turnover of over RON1 billion (nearly EUR202 million) and expects its turnover and profit to double until 2026.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) reported net profit of RON16.2 million for 2023, down 76.3% vs 2022, and a turnover of RON477.1 million, down 74.6% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's annual preliminary financial report.
Arctic Stream (AST.RO), an IT infrastructure and security integrator, ended 2023 with a 35% increase in its net profit and a 54% surge in revenue versus 2022.
Hungarian construction company Kesz, which has built several plants and real estate projects in Romania, is set to develop its first own residential project in Romania.
Shipbuilder Santierul Naval Orsova has sealed a new commercial contract, worth EUR3 million, for the construction and delivery of a river vessel for Netherland’s Rensen-Driessen Shipbuilding.