Danube freight carrier Transport Trade Services (TTS) recorded group-wide revenue of RON571.5 million in first half of 2023, 42% above the same period in 2022, it said it its first half financial report.
Retail pharmacy chain Minifarm, which has developed in Tulcea and Constanta counties, and recently in Bucharest, plans to take over nine pharmacies in Bucharest from Farmacia Elixirfarm Impex and Farmacia Kogalniceanu, the Competition Council announced on Tuesday.
Real estate developer Globalworth has completed a new photovoltaic project, this time on the rooftop of Industrial Park West in Oradea, one of its important logistics and industrial park assets.
Belgian-held drywall products maker Etex Building Performance (the former Siniat Romania) will invest EUR28 million in a plasterboard plant near Bucharest, which is set to start operating in 2025.
The shareholders of port operator Comvex Constanta (CMVX.RO) decided in the August 28-29 meeting the distribution of RON150 million dividends, the company said in a report to the Bucharest Stock Exchange.
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and the leading company in the renewable energy field, has completed the first phase of the photovoltaic park of Plesoiu, Olt county, a project that is part of the company’s new business line, electricity generation.
Real estate developer One United Properties, in the first half of 2023 registered consolidated turnover of RON843 million, 25% higher than in 1H/2022, and net profit worth RON287 million, down 17%.
TELLUR brand, owned by local IT&C products and accessories distributor ABN Systems International, in 2022 generated turnover worth EUR23.5 million, George Barbu, ABN System CEO, told ZF.
Linde Gaz Romania, the local subsidiary of German-US group Linde Plc, the world’s largest supplier of industrial gas, for 2022 reported turnover of RON1.146 billion (EUR232.5 million), up 49.4% from 2021, in line with ZF calculations based on Finance Ministry data.
Austrotherm Romania, the local subsidiary of the Austrian group of the same name, a polystyrene producer, wants to expand the plant and warehousing space it owns in Bucharest in the next two years.
Moldova Eolian SRL, the project company behind the Ruginoasa wind farm, wholly owned by DTEK Renewables International B.V., has reached a EUR55 million financing agreement for the 60MW project to be built by early next year in Iasi County.
Romania's Finance Ministry raised RON678 million from banks on Monday (August 28), selling government paper with a nominal value of RON500 million at an annual average yield of 6.76%.
Romanian executives for August-October 2023 period project a moderate activity increase in constructions and retail, in parallel with rising prices in the two fields, while the number of employees in industry, constructions and services will remain relatively stable, in line with a survey by the country’s statistics board INS.
AQUILA Part Prod Com (AQ), market leader in integrated distribution and logistics services in Romania and the Republic of Moldova, ended the first half of 2023 with RON41.8 million net profit, 29% higher than in the year-earlier period.
Digi Communication’s Belgian affiliate companies have acquired roaming services on the Belgian territory based on a 5-year contract signed with Belgian state-owned operator Proximus Plc.
Inform Lykos Romania, the local subsidiary of the Greek digital transformation services provider of the same name, in 2022 posted turnover growth of around 27% last year against 2021, thus going beyond the EUR52 million (RON257.5 million) threshold.
In 2022, a year when beer consumption dwindled, United Romanian Breweries Bereprod, the company producing Tuborg beer brand among others, saw losses grow five times against 2021, to RON48 million, in line with ZF calculations.
Turbomecanica (TBM.RO), a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, posted RON60 million revenue in the first half of 2023 compared with RON57.7 million in the same time in 2022, the company said in a report to the Bucharest Stock Exchange on Friday.