Amber Studio, a local video game developer with $45 million revenue in 2022, has decided to waive EUR2.7 million in state aid that came with an obligation to create 120 jobs in Botosani and Craiova, with a total investment of EUR4.6 million, according to a shareholders' meeting notice the company published.
Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35% compared with the year-ago period, the bank said in a report to the Bucharest Stock Exchange on Friday evening.
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, ended the first quarter of 2024 with net loss of RON9.7 million, on a consolidated level, compared to a negative result of RON2.7 million in the same period of 2023, according to its financial report sent to the Bucharest Stock Exchange on May 10.
Vegetable oil producer Argus Constanta (UARG.RO) announced in a stock market report on May 10 that it ended the first quarter of 2024 with a net loss of RON3.57 million, from profit of RON682,930 in the same period of 2023, mostly due to interest expenses associated with the loan contracted by the company for the purchase of raw materials.