ROCA Management, the manager of private equity company ROCA Investments, has become a member of the Romanian Fund Managers Association (AAF), which numbers 28 investment management companies (SAI) and alternative investment fund managers (AFIA).
Romania's Competition Council has approved the operation by which Rheinmetall Landsysteme GmbH intends to take over Automecanica Mediaş SRL and its subsidiary, Atelierele Speciale Autocamioane Mediaş SRL.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has continued to stagnate over the course of April, staying at 6.05% a year on April 30 too.
Winemaker Purcari Wineries (WINE.RO) has called shareholders for May 22 to vote, among others, on a gross dividend of RON0.65 per share, 18% higher than the dividend approved in 2023.
State-run nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report on April 30 the supplementation by RON300 million five electricity sale contracts concluded with the Romanian Electricity and Gas Market Operator (OPCOM), worth over RON10 billion.
International law firm CMS has advised global energy company Iberdrola on the agreement to sell Eolica Dobrogea One wind company, their Romanian 80MW wind energy production facility, to Premier Energy Group, for EUR88 million, the firm said in a statement.
OMV Petrom announced in its quarterly financial report it will withdraw from Georgia, a country where it signed a production sharing contract for the offshore Block II in the exclusive economic zone of Georgian Black Sea.
BCR group in the first quarter of 2024 posted net profit worth RON620 million (EUR125 million), up 10.1% from the year-earlier period, amid improved operating performance supported by a rising business volume with clients.
OMV Petrom, Romania’s largest oil company, for the first quarter of 2024 reported RON1.4 billion net profit, down 6% from the year-earlier period, and RON8.5 billion turnover, 10% lower.
Antibiotice Iasi, the largest Romanian-held drug maker, has a total RON850 million investment plan between 2023-2030 to reach RON1 billion turnover at the end of this period.
Baneasa Developments, the company that manages the Baneasa Shopping City mall in the northern part of Bucharest, has reached a record profit margin of more than 60% after ending 2023 with a RON170.7 million profit and RON278.2 million revenue, according to the latest information published on the Finance Ministry's website. The revenue was 9% higher compared with the previous year.
NN Romania and ING Bank Romania have assisted more than one million clients in benefitting from financial protection through the solutions developed under their strategic partnership started ten years ago, among which life insurance, health insurance, job loss insurance, loan protection insurance, as per data provided by the company.
Class Furn Romania, a furniture manufacturer based in Bihor County, ended 2023 with a turnover of RON179 million, down 19% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Targoviste-based Nimet, one of the biggest chrome plated steel bars and tubes producers, ended 2023 with a turnover of RON633 million, down 27% on the year, as per finance ministry data.