Five-star JW Marriott Hotel in Bucharest ended 2023 with revenue of RON175 million, up nearly 14% from 2022, as per finance ministry data, thus reporting new record revenue.
In the context in which the number of investors in mutual funds increased by 20,000 in April 2024 versus March and by 78,000 so far in 2024, all large asset management companies in Romania saw significant increases in assets, with BRD AM becoming the largest local investment management company, managing assets worth RON4.7 billion.
NN Pensii, Romania's largest Pillar II private pension fund and the leading investor at the Bucharest Stock Exchange, in April slightly reduced its exposure in OMV Petrom (BSE:SNP), the only oil and gas producer in Romania.
Home appliances producer De’Longhi Romania, the largest exporter in Cluj County, ended 2023 with a turnover of RON2.443 billion (nearly EUR494 million), up nearly 17% from RON2.089 billion (EUR423.7 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
German-held discount store chain Lidl, the leader of the local grocery retail by 2023 sales (RON22 billion), has put up for sale the warehouse it owns in Nedelea, Prahova County. The warehouse has a surface area of 38,054 square meters or almost 4 hectares.
Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgian group BMT, ended 2023 with a turnover of RON194.8 million (EUR39.4 million), up 18.1% from RON164.9 million (EUR33.4 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Allianz-Tiriac, the second largest insurer in Romania, ended the first quarter of 2024 with a volume of gross underwritten premiums of RON910 million, up 7% on the year, with the biggest increase, of 27%, being recorded by the life insurance segment, as per data provided by company representatives.
IT infrastructure and security integrator Arctic Stream (AST.RO) on Wednesday notified the stock market of a recently started inspection by the Competition Council targeting several companies in the Romanian IT sector, a report filed with the Bucharest Stock Exchange shows.