Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.96% on Tuesday (Feb 28) after stagnating at the 7% threshold over the last trading days, in line with central bank data.
Romania’s finance ministry will be launching new government bond issues for the general population only, starting Wednesday (March 1, 2023), through the TEZAUR program.
Raiffeisen Bank is listing on Tuesday (Feb 28) its third issue of sustainable bonds, worth RON369 million, on the Main Market of the Bucharest Stock Exchange.
Romgaz, a natural gas producer and supplier controlled by the Romanian state, registered RON2.5 billion net profit in 2022, up 32.9% from the 2021 level.
Hidroelectrica, Romania’s largest energy producer, ended 2022 with RON9.1 billion revenues, up 40%, and RON4 billion net profit, 32.7% higher, in line with the report of its minority stakeholder Fondul Proprietatea.
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, registered net profit worth RON1.74 billion (EUR354 million) in 2022, 23.8% higher than the RON1.4 billion (EUR286.5 million) result generated in 2021, owing to improved operating performance supported by continued strong lending growth.
IT group Bittnet (BNET.RO) has notified investors about having received the financial instruments registration certificate and the Financial Supervisory Authority’s decision to approve the prospectus for admission to trading for BNET26E eurobonds.
Danube transport company Transport Trade Services (TTS.RO) has announced a net profit at group level of RON178.1 million in 2022, higher by 167.7% versus the profit reported in 2021, as per the company’s preliminary financial report.
Timisoara-based fuel supplier Artoil, owned by Alexandra and Alex Bunceanu, expects revenue to grow 10% this year compared with 2022, when it stood at RON1.14 billion (EUR231.2 million).
Wizz Air announced on Tuesday (Feb 27) that it would suspend all flights from and to Chisinau, the capital city of the Republic of Moldova, starting March 14, 2023.
Conpet Ploiesti (COTE.RO), a state-run crude oil transporter, ended 2022 with RON64.7 million net profit, up 24.6% compared with 2021, while revenue stood at RON472.2 million, 14.4% higher, according to the unaudited preliminary annual financial report.
Romania's Finance Ministry raised RON439.2 million on Monday (February 27) selling bonds maturing in November 2025, at an annual average yield of 7.23%.
Italy’s Calzedonia Group, one of the world’s leading fashion retailers, will be opening three stores under the brands Calzedonia, Intimissimi and Intimissimi UOMO, within the Palas Iasi mixed-use complex developed by IULIUS Group.
Software solutions provider LIFE IS HARD (LIH.RO), listed on the AeRO market of the Bucharest Stock Exchange, on Monday (Feb 27) said it ended 2022 with a turnover of RON25 million, up 16.7% from 2021, and a net profit of RON4.48 million, up 26.2% versus 2021.
Electricity supplier and distributor Electrica (EL.RO) on Monday notified the Bucharest Stock Exchange of having decided to extend the duration of the mandate of Alexandru-Aurelian Chirita as interim CEO until April 30, 2023, under the same conditions.
Industrial material manufacturer Comelf Bistrita (CMF.RO) posted RON4.1 million net profit in 2022, down from the RON4.3 million of 2021, which means a decline of 3.3%, ZF has calculated from the company’s annual financial report.
Romanian pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) said in a stock market report on Monday (Feb 27) that it ended 2022 with a net profit of RON38.5 million in 2022. up 28.6% versus 2021, as per the company’s preliminary financial report.
Drug manufacturer Biofarm (BIO.RO) on Monday (Feb 27) reported a turnover of RON277 million for 2022, up 16% from 2021, and a net profit of RON70.9 million, up 18% on the year.
CTP, the largest owner and developer of industrial and logistics space in Romania, continues its investments in green energy by installing a 1.5 MW photovoltaic power plant at the CTPark Bucharest industrial park in western Bucharest.
Globalworth, the largest office market investor in Central and Eastern Europe (CEE), said it signed a lease contract for a period of over seven years with Rödl & Partner Romania, an international multidisciplinary consulting firm.