Romania's Finance Ministry raised RON1.2 billion from banks on Thursday (March 21, 2024), selling benchmark bonds with a scheduled value of RON600 million due in April 2030, at an annual average yield of 6.54%.
SII Romania, a multinational company specialized in software engineering and technology consulting, has announced the appointment of a new General Manager, namely, Iulia Surugiu.
The evolution of Romania economy in 2024 will be in line with the tendencies registered in the rest of Europe, set to mark modest growth, below potential, of just 2,7%, slightly above the 2% pace of 2023.
Germany’s DIY retailer Hornbach has announced the expansion of the group’s IT hub in Romania.
New car registrations in Romania posted an 8.9% decline in February against the same month of 2023, to 11,339 units, of which 1,109 were full electric ones, up 6.6% year-on-year, and 3,736 hybrid ones, up 15% year-on-year, in line with data provided by ACAROM and ACEA.
State-run nuclear power producer Nuclearelectrica is set to submit to shareholders’ approval the proposal regarding the distribution of a gross dividend of RON3.71 per share, namely a total sum of RON1.12 billion from the 2023 net profit of RON2.4 billion.
The management of Infinity Capital Investments proposes the 2023 net profit of RON67.7 million be distributed to reserves, for own resources, to support future investments, based on a year 2024 full of uncertainties, which can create, along with inherent risks, investment opportunities.
Entrepreneur Florin Fodor, who almost two decades ago set up musical instruments store network Fly Music together with his wife Liliana Fodor, wants to expand further in Europe, with an online store to sell its products.
Moldovan Carmangerie, with activities in the meat industry and part of a group of companies founded and controlled by Moldovan family, will invest around EUR16.8 million in a new production unit in Sannicoara locality of Cluj county.
Prahova-based Feruccio Group, controlled by businessman Ninel-Aurelian Alexandru, is investing EUR2.5 million in a winery and has submitted a project for the development of a EUR1.7 million hotel based on funds granted under the Just Transition Program.
Car parts supplier Eckerle Automotive, the Romanian subsidiary of Germany’s Eckerle, ended 2023 with turnover of almost RON270.6 million (EUR54.7 million), up 6.8% from RON253.3 million (EUR51.4 million) in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, is considering distributing dividends of RON4.7 million to its shareholders, as per the convening notice drafted by the company's Board of Directors.
Romanian state-owned oil transporter Conpet Ploiesti (stock symbol: COTE) has called shareholders for an April 25 meeting to vote on the distribution of nearly RON56 million dividends from its 2023 net profit of RON67.6 million, as per a stock market report.
Building materials holding Roca Industry (ROC1.RO), owned by ROCA Investments, has budgeted net profit of RON6.3 million, EBITDA of RON65.5 million and turnover of RON655.4 million for 2024, as per data from the budget of revenue and expenditure published at the Bucharest Stock Exchange.