Electricity and electrical equipment producer Electromagnetica (ELMA.RO) ended the first quarter of 2024 with net loss of RON3.1 million, compared to net profit of RON3.9 million in the same period of 2023, the company said in its quarterly financial report released on Monday (May 13).
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance, recertification, and modernization of the units.
Romanian state-owned port operator Oil Terminal in the first three months of 2024 posted net profit of RON28.4 million, up 21.6% from Q1/2023.
Garanti BBVA Romania, part of Garanti BBVA Turkey, in 2023 posted net profit worth RON177 million, down 7% from 2022, and RON521 million operating revenues.
CreditAmanet, a Romanian-held provider of pawnbroking and money exchange services, has invested over EUR2.5 million in a rebranding process and is changing its name to MAGNOR.
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly investing in a funded participation concerning a portfolio of around 2,000 sub-performing and non-performing loans in Romania sold by Piraeus Bank.
Real estate developer One United Properties ended the first quarter of 2024 with RON419 million consolidated turnover, down 5% from Q1/2023, while net profit climbed 4% to RON157.3 million.
Cybersecurity company Safetech Innovation reported turnover worth RON11.7 million at individual level for the first quarter of 2024, up 95% from the year-earlier period.
Mandatory private pension funds (Pillar II) have in the past 16 years, since their launch in 2008, registered an average yield of 7.8% per annum, among the highest in Europe and OECD during this period, with the number of participants in the system now topping 8 million, namely the overwhelming majority of Romania’s working population, in line with data provided by the Romanian association for private pensions APAPR.
Centric IT Solutions SRL, the local subsidiary of Dutch software solutions provider Centric IT Solutions, in 2023 registered net turnover worth RON120.1 million, up 22% from 2022.
Draghici Dental group will invest another EUR1.8 million in 2024 in equipment for the new dental technique lab of Miroslava, Iasi county, which will drive total investments to around EUR4 million, explained Dan Draghici, founder of the group.