Romania Feed
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ZF English - 16:17 Aug 25, 2023
State-run nuclear power producer Nuclearelectrica (SNN.RO) has made a term deposit in amount of RON133 million with Eximbank. The deposit is due on February 26, 2024, and carries an interest rate of 6.6% per annum, the company said in a report to the Bucharest Stock Exchange on Friday. -
ZF English - 16:08 Aug 25, 2023
Danube freight carrier Transport Trade Services (TTS) has concluded two contracts with Liberty Galati for the provision of transport services, the company said in a report to the Bucharest Stock Exchange on Friday. -
ZF English - 14:18 Aug 25, 2023
Optical equipment manufacturer IOR Bucuresti (IOR.RO) ended the first six months of the year with a loss of RON1.96 million, up from the RON470,000 loss in the year-ago period, the company said in its first half financial report. -
ZF English - 13:49 Aug 25, 2023
Seed producer and processor Germina Agribusiness Bucuresti (SEOM.RO) posted RON1.53 million net profit in the first half of 2023, up from only RON29,325 in the first half of 2022. -
ZF English - 12:29 Aug 25, 2023
Electrica, a major player on Romania’s electricity distribution and supply market, in January-June 2023 period reported net profit of RON106 million, a significant improvement against the RON176 million loss registered in the same period of 2022. -
ZF English - 12:18 Aug 25, 2023
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0798 units/euro in the coming 12 months, while the average inflation rate is expected to hit 7.52%. -
ZF English - 09:48 Aug 25, 2023
Real estate investment company Meta Estate Trust (MET.RO) has notified shareholders and capital market that during its meeting of the Board of Directors on August 23, a decision was made to appoint Antoanela Comsa chief investment officer, it said in a report to the Bucharest Stock Exchange on Thursday evening. -
ZF English - 06:28 Aug 25, 2023
Private healthcare operator MedLife Group reported RON1.06 billion turnover in the first six months of 2023, up 23.9% from the year-earlier period. -
ZF English - 06:07 Aug 25, 2023
Banca Transilvania, Romania’s biggest lending institution, reported consolidated net profit of RON1.58 billion in the first half of 2023, from RON1 billion in the same period of last year. -
ZF English - 05:54 Aug 25, 2023
Concrete producer Readymix Romania saw its profit halve in 2022, to almost RON4.2 million (EUR851,000), from a net gain of around RON8.2 million (EUR1.6 million) in 2021. -
ZF English - 05:34 Aug 25, 2023
Simona Filip, running LPP Romania operations from the position of country manager, says Polish fashion retailer LPP is expanding irrespective of the economic context. The company has a EUR35-40 million investment budget for Romania in 2023. -
ZF English - 05:24 Aug 25, 2023
Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, reached turnover worth above RON2 billion (EUR412.2 million) in 2022, up 50.4% from the previous year, in line with ZF calculations based on Finance Ministry data. -
ZF English - 05:17 Aug 25, 2023
Furniture producer Laguna Euromob of Vadu Izei locality, Maramures, founded in 1994 by Mircea Adrian Oros, for 2022 reported turnover worth RON79.4 million (EUR16.1 million), up 19% on the year, in line with ZF calculations based on Finance Ministry data. -
ZF English - 15:34 Aug 24, 2023
Credex IFN, a non-banking financial institution (NBFI) of the Altex Group, the leading computer and electronics retailer in Romania, has secured a license to operate as a payment institution from Romaia’s central bank, the company announced. -
ZF English - 13:06 Aug 24, 2023
The number of real estate deals in Romania stood at 12,252 in July 2023, an increase of 16% on June 2023, data from the national cadaster agency ANCPI showed on Thursday (August 24). -
ZF English - 12:05 Aug 24, 2023
State-run natural gas transmission company Transgaz (TGN.RO) on Thursday notified the Bucharest Stock Exchange that its Board of Directors had elected Petru Ion Vaduva chairman of the Board until the end of his mandate as company director, that is from September 10, 2023 to April 29, 2023, as shown in a decision on August 24. -
ZF English - 10:26 Aug 24, 2023
Private lending in Romania grew by 5.6% in nominal terms (down 3.5% in real terms) to RON378.2 billion in July 2023 compared with July 2022, central bank data showed on Thursday (August 24). -
ZF English - 08:54 Aug 24, 2023
Orange, leader of Romania’s telecom market, has announced it reached an agreement regarding the transfer of Orange Money retail business of Romania to Alpha Bank Romania. -
ZF English - 08:44 Aug 24, 2023
Winemaker Purcari in the first half of this year registered RON161.4 million revenues, up 30% from the year-earlier period, while net profit rose by 22% to RON25.5 million. -
ZF English - 06:45 Aug 24, 2023
Chemical compound Chimcomplex Borzesti announced it has signed the contract for funding via the National Recovery Plan and Resilience Pillar I and is in the process of implementing the second stage of a project envisaging the construction of a gas plant in the district heating sector in Ramnicu Valcea.