Romania's current account deficit stood at EUR12.17 billion in January-June 2024, higher by EUR3 billion than the level recorded in the same period of 2023, central bank data showed on Tuesday (August 13, 2024).
Iproeb Bistrita (stock symbol: IPRU), one of the largest local manufacturers of electrical cables and conductors, tripled its net profit to RON15.2 million in the first half of 2024, while its turnover climbed 14% to RON100 million.
Germany’s Infineon Technologies has pre-let a 20,000 square meter office building to be developed by One United Properties in the Pipera area in Bucharest, where it will open a research and development center.
Insurance broker Transilvania Broker de Asigurare (TBK.RO) posted RON2.3 million net profit in the first half of 2024, 58.3% lower than the RON5.5 million in the year-ago period.
CMS has advised Nala Renewables (Nala), a global power and renewable energy investment platform and independent power producer, on the acquisition of a 99.2 MW onshore wind project from OX2, one of Europe's leading developers of renewable energy sources.
Sports HUB, a non-governmental association specializing in the development of programs and events dedicated to sport and education, has leased 770 square meters in building G of YUNITY Park, the office campus owned by Genesis Property.
The Finance Ministry has published, in transparency, a bill regulating the possibility for the Romanian Government to diversify its public debt financing instruments to be able to access funds via the US Government's Foreign Military Financing (FMF) mechanism.
Uzina Constructoare de Masini Resita (UCM.RO), a company acquired by Hidroelectrica (H2O.RO) this year, stepped into the black in the first half of 2024 when it posted RON21.25 million net profit compared with a net loss of RON7.25 million in the year-ago period.
RTPR has assisted Romcim in relation to the acquisition of Tehno World, a company active in the production and sale of solutions for utility infrastructure networks.
iBanFirst, a leading global provider of foreign exchange and international payments for businesses, has concluded an innovative partnership with SeedBlink, Europe's all-in-one equity and investment platform, which introduces a bespoke solution for fundraising startups and their private investors, ensuring faster onboarding and access to preferential FX rates.
Aquila (AQ.RO), an entrepreneurial fast-moving consumer goods distribution and logistics company, ended the first half of 2024 with RON35 million net profit, 15% lower than in the year-ago period, as a result of the new turnover tax (RON5 million) and the decline in financial revenue, the company said.
Printec Group Romania, one of the largest providers of payment solutions for the banking industry in Romania, posted RON105.6 million (EUR21.2 million) revenue in 2023, 4% lower than in 2022, Finance Ministry data show.