Alpha Bank, a top ten lender by assets in Romania, posted EUR34 million net profit in the first nine months of 2023, while its assets reached EUR4.48 billion at the end of September, an annual increase of 10%, Alpha Bank’s latest financial report shows.
Romania’s unemployment rate stood at 5.4% in September 2023, the same as in August 2023, data from the country’s statistics institute INS show on Friday (November 3).
Insolvency specialist CITR sold, in a tender, the agro-industrial assets of vegetable oil plant Mandra worth around RON8.96 million (around EUR1.8 million).
Raiffeisen Bank, the local subsidiary of the Austrian group of the same name, in the first nine months of 2023 registered RON1.3 billion, up 45% from the gain of the same period of 2022.
The Bucharest Stock Exchange, the operator of Romania’s capital market, for the first nine months of this year reported much improved financial results against the same period of 2022 on the direct impact of Hidroelectrica listing and the post-listing effect on trading activity.
BRD Soc Gen, Romania’s third largest lending institution, is convening its shareholders for December 14, 2023 to approve the distribution of RON643 million, namely 50% of the 2022 result, under the form of special dividends.
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profit rose by 19.4% year-on-year, to RON1.19 billion.
Fashion Days, the largest online fashion retailer in Romania, part of eMAG group and also present in Bulgaria and Hungary, expects to end fiscal year 2023-2024 with revenues of between RON820-850 VAT not included, up around 20% from 2020, the first pandemic year.
German retailer Kaufland has opened a new store in Urziceni, Ialomita county, thus reaching a 172-unit network nationwide.
Furniture and home products retailer JYSK is expanding further in Romania and has opened a new store in Domnesti, near Bucharest, thus reaching an 137-unit network countrywide.
Food wholesaler Nordic Food has brought to Romania the famous US burger Beyond Meat and other plant-based meat products in the company’s portfolio.