Romania Feed

Transilvania Investments (TRANSI.RO), one of the five financial investment companies listed at the Bucharest Stock Exchange, ended the first half of 2023 with financial results in line with the objectives set for 2023, namely, a net profit of RON52.4 million, down 23.84% from the net result reported for the same period of 2022.

Practic SA (PRBU.RO), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte, ended the first six months of 2023 with a net profit of RON15.4 million, down 40.9% on the year, as per data from the company's half-year financial report published at the Bucharest Stock Exchange.

Chromosome Dynamics (CHRD.RO), a developer of IT & AI solutions for the agribusiness sector, had a net profit of RON30,100 in the first half of 2023, from a net loss of RON178,700 in the same period of 2022, and a turnover of RON6.75 million, up 48.1% on the year, as per data from the company's half-year financial report published at the Bucharest Stock Exchange.

Shipbuilder Santierul Naval Orsova (SNO.RO), which makes river ships, ended the first half of 2023 with a net profit of RON506,386 from a loss of RON2.5 million in the same period of 2022, the company said in its half-year financial report published at the Bucharest Stock Exchange.

Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, had a net profit of RON8.4 million in the first six months of 2023, down 53% from RON17.9 million reported in the same period of 2022.

Hotel company Aro-Palace ( ARO.RO) reported a net profit of RON856,256 for the first half of 2023 from a loss of RON958,224 in the same period of 2022, the company said in its half-year financial report released on Friday (Aug 11).

State-run port operator Oil Terminal (OIL.RO) reported a net profit of RON25.4 million for the first half of 2023, up 43% from RON17.8 million reported in the same period of 2022, the company said in its half-year financial report.

Car parts producer Compa Sibiu (CMP.RO) ended the first six months of 2023 with a turnover of RON404 million, up 7% on the year, and a net profit of RON9.2 million, double on the year.

Aerostar Bacau (ARS.RO), an integrated supplier to the global supply chains of major aerospace companies, recorded a net profit of RON46.8 million in January-June 2023, down 4% on the year.

Romanian natural gas producer and supplier Romgaz (SNG.RO) ended the first six months of 2023 with a consolidated net profit of RON1.68 billion, down 2.34% on the year, and revenues of RON5.1 billion, down 32.6% on the year, as per the company's financial report released on Friday (Aug 11).

Plastic packaging maker Romcarbon (ROCE.RO) ended the first half of 2023 with a net profit of RON5.2 million, up 29% on the year, and the increase was also due to selling some assets in the first three months of 2023, as per the company's financial report released on Friday (August 11).

British software company Endava ended 2022 with a turnover of over EUR261.2 million (over RON1.2 billion), up almost 37% from a turnover of over EUR191 million (RON941.5 million) reported in 2021, as per data published on the finance ministry website.

ROCA Agri RDF, the agricultural holding launched by ROCA Investments, will be launching a Non-Banking Financial Institution (NBFI) which is intended to cater to the financing needs of the agricultural sector.

The average net salary in Romania increased by 1.3% in nominal terms in June 2023 compared to May 2023, to 4,600 (EUR938), data from the country's statistics board INS showed on Friday (August 11).

Romania's annual inflation decreased below the 10% threshold in July 2023, reaching 9.4% compared to July 2022, data from the country's statistics board INS showed on Friday (August 11).

Rompetrol Well Services (PTR.RO), one of the major suppliers of well services in Romania, ended the first half of 2023 with a net profit of RON6.45 million from a loss of RON564,700 in the same period of 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's half-year report published at the Bucharest Stock Exchange.

The European Commission has approved a Romanian state aid scheme worth RON200 million (RON998 million lei) intended to compensate forest owners for the wood they did not cut, as a result of some ecological restrictions.

OTP Bank Romania recorded a consolidated net profit of RON183 million in the first half of 2023, driven by an increase in operating profit and positive credit risk costs, as the bank posted RON14 million losses in the same period of 2022.

Financial concerns influence the personal and career plans of Romanians as they are seeking jobs that offer long-term security or targeting booming fields of activity, such as IT and cybersecurity, renewable energy, digital content, financial investments, and healthcare, as indicated by trends on the bestjobs platform.

Romania's Finance Ministry raised RON525 million from banks on Thursday (August 10), selling government paper maturing in 2026, at an annual average yield of 6.58%.