Romania Feed
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ZF English - 06:55 Aug 17, 2023
Corrugated cardboard manufacturer Vrancart Adjud (VNC), a company in which the Paval brothers, the founders of DIY retailer Dedeman, have a 17% stake, for the first half of 2023 reported RON8.54 million net profit, down 32% year-on-year, and total revenues worth RON236.2 million, 16% lower than in 1Q/2022. -
ZF English - 05:56 Aug 17, 2023
Startup Cyscale, a Cluj-based software developer of data protection solutions and applications in the cloud, in 2022 posted turnover worth RON2.3 million in Romania, against zero turnover in the previous year. -
ZF English - 05:49 Aug 17, 2023
Five-star hotel Radisson Blu of Cluj-Napoca, developed by Winners Park Invest, opened in 2022, plans to add another 20 apartments and three conference rooms in the next two years, according to its officials. -
ZF English - 22:50 Aug 16, 2023
Infinity Capital Investments, the former SIF Oltenia (SIF5.RO), had a net profit of RON18.4 million in January-June 2023, down 87% from RON144 million in the same period of 2022. -
ZF English - 22:36 Aug 16, 2023
Romania's national grid company Transelectrica (TEL.RO) reported total operating revenue of RON2.2 billion for the first half of 2023, down 16% from RON2.6 billion in the same period of 2022, amid a significant decline in revenue from zero-profit activities, in line with the company's half-year financial report. -
ZF English - 22:12 Aug 16, 2023
Shipbuilder Santierul Naval Severnav (SEVE.RO) based in Drobeta Turnu-Severin reported a net loss of RON3.56 million for the first half of 2023, as compared to a net negative result of RON11.3 million in the same period of 2022, in line with the half-year financial report published at the Bucharest Stock Exchange. -
ZF English - 21:21 Aug 16, 2023
Noriel, the main player on the Romanian toy and game retail market, held by Turkish Sunman Group, is opening a store in Botosani Shopping Center, reaching two units in Botosani and 91 units in Romania. -
ZF English - 19:33 Aug 16, 2023
Hidroelectrica (H2O.RO), Romania's largest electricity producer and the latest company to go public on the Bucharest Stock Exchange, posted almost RON4 billion net profit in the first half, up 46% compared with the first half of 2022, on revenue of almost RON7 billion, up 42%, data from the half-year financial report show. -
ZF English - 18:31 Aug 16, 2023
Libra Internet Bank, a member of U.S. investment group New Century Holdings, ended the first half of 2023 with a net profit of RON160 million, up 46% on the year, and revenue of RON340 million, up 42% on the year, in line with the bank's financial report. -
ZF English - 18:22 Aug 16, 2023
The natural gas transmission company Transgaz (TGN.RO), majority owned by the Romanian government, recorded consolidated revenue of RON959.7 million in the first half of the year, down from RON1.18 billion in the first half of 2022, a decline of 18.5%. -
ZF English - 17:42 Aug 16, 2023
Precast concrete parts manufacturer Prefab Bucuresti (PREH.RO) ended the first half of 2023 with a net profit of RON125,100, up 70.7% compared with the same period in 2022, on RON60.9 million revenue, down 38.4%, data from the half-year financial report published on the Bucharest Stock Exchange show. -
ZF English - 16:47 Aug 16, 2023
The Perla Harghitei and Apemin Tusnad group of companies, one of the largest producers of natural mineral water in Romania, has appointed Mihai Neagu to the position of Chief Executive Officer (CEO) for both companies. -
ZF English - 16:25 Aug 16, 2023
Software developer Cognyte will be developing a specialized team in Romania dedicated to Blockchain analytics. -
ZF English - 16:01 Aug 16, 2023
BRK Financial Group (BRK.RO), the only stockbroker listed on the Bucharest Stock Exchange, ended the first half of 2023 with RON4.1 million net loss, lower than the RON5.9 million in the year-ago period, while revenue from continued operations stood at RON12.9 million, 14.7% lower, ZF has calculated from the data in BRK’s financial report. -
ZF English - 15:38 Aug 16, 2023
Romania's Fiscal Council has revised its 2023 budget deficit projection upwards to over 6% of gross domestic product (GDP), in the absence of measures aimed at correcting the budget gap, as per data from the Council's annual report. -
ZF English - 14:03 Aug 16, 2023
Romania’s industrial production decreased by 5.9% in unadjusted data in June 2023 versus June 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-9.4%) and manufacturing (-6%), data from the country’s statistics board INS showed on Thursday (August 16, 2023). -
ZF English - 12:16 Aug 16, 2023
Sipex (SPX.RO), one of the largest distributors of building materials and finishes in Romania, listed on the AeRO market of the Bucharest Stock Exchange, posted RON3.3 million net profit in the first half, down 60.5% on the corresponding period of last year. -
ZF English - 11:28 Aug 16, 2023
Romania’s gross domestic product (GDP) grew by 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of 2022, and by 2.8% in seasonally adjusted data, estimates from the country's statistics board INS showed on Wednesday (August 16). -
ZF English - 08:26 Aug 16, 2023
Thibaut Boidin has been appointed to the position of Managing Director of HEINEKEN Romania, effective September 1, 2023. -
ZF English - 08:10 Aug 16, 2023
The shares of TeraPlast (TRP.RO) will be upgraded from Small Cap to Mid Cap / Large Cap and will be part of the MSCI Frontier and MSCI Romania indices, starting September 1, 2023.