Arctic Stream (AST.RO), an IT infrastructure and security integrator, ended 2023 with a 35% increase in its net profit and a 54% surge in revenue versus 2022.
Hungarian construction company Kesz, which has built several plants and real estate projects in Romania, is set to develop its first own residential project in Romania.
Shipbuilder Santierul Naval Orsova has sealed a new commercial contract, worth EUR3 million, for the construction and delivery of a river vessel for Netherland’s Rensen-Driessen Shipbuilding.
While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in 2023 lagged 2019 by 9%, the ADR surpassed it by 23%, resulting in a 12% RevPAR growth, according to data from the real estate consulting company Cushman & Wakefield.
Cybersecurity company Safetech Innovations (SAFE.RO) reported a turnover of RON31.1 million, at an individual level, down 11% compared to 2022, and net profit of RON9.7 million, down 5% on the year, as per the company's preliminary financial results published at the Bucharest Stock Exchange on Tuesday (Feb 27).