Prodvinalco (VAC.RO), a company majority-owned by Mircea Todea, Vasile Albon and Marcel Hosu, posted RON11.2 million net profit in the first half of 2024, 43% higher than in the year-ago period.
The exchange rate has a short-term upward potential, with a target of RON5 to the euro, which is largely driven by lower bond yields, driving investors to put tactical bets on the euro in hopes of short-term gains, according to analysts of iBanFirst, a leading global provider of foreign exchange and international payments, operating in 10 European countries.
The average gross monthly earnings registered at the level of the national economy in 2023 were RON7,042, higher by 15.0% (+RON916) than the previous year, and the average net monthly earnings were RON4,412, increasing by 16.1% (+RON611) compared to the previous year, as per data from the country's statistics board INS.
Da Vinci New Project, a company wholly owned by Alive Capital, in its turn part of Premier Energy PLC group, has got a EUR7.5 loan from Libra Internet Bank to build a photovoltaic park in Nanov locality, Teleorman county, on an area of around 25 hectares.
Geological surveying company Prospectiuni Bucuresti, majority owned by businessman Ovidiu Tender, in the first half of this year registered RON91.3 million turnover, down 23% from H1/2023, and RON3.8 million net profit, 54% lower.
Engineering and technology company Simtel Team has sealed a partnership with Monsson group, the largest renewable energy project developer in Romania and Southeast Europe, to build and sell photovoltaic or hybrid projects and energy storage facilities.
Zarea, a major player on Romania’s alcoholic beverages market, controlled by Poland’s Ambra, for 2023 reported turnover worth above RON211 million (EUR42.8 million), up 25.8% from 2022, in line with ZF calculations based on Finance Ministry data.
Carmeuse Holding, which owns three plants in Romania producing lime, in 2023 posted turnover worth RON281.8 million (around EUR57 million), down 11.6% from 2022, in line with ZF calculations based on Finance Ministry data.
Steel pipe distributor Comtech Co Slatina, owned by Romanian entrepreneur Constantin Goanta, in 2023 registered turnover worth around RON151.7 million (around EUR30.7 million), down 1.8 million from 2022, in line with ZF calculations based on Finance Ministry data.
Furniture manufacturer Simex, headquartered in Simleu Silvaniei, Salaj county, for 2023 reported turnover worth RON35.2 million (EUR7.1 million), down 18.3% year-on-year, in line with ZF calculations based on Finance Ministry data.