Aro-Palace (ARO.RO), the company that manages two hotels in Brasov, reported net profit of RON35.2 million for 2023, compared to a loss of RON708,200 in 2022, and revenue of RON80.5 million, up 125% vs 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's annual preliminary financial report.
Aquila Part Prod Com, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, has got the greenlight from the Competition Council to take over Romtec Europa and has finalized the deal totally worth EUR3.2 million.
Dental clinic network Dr. Ardeleanu has opened a stomatology center in Calarasi in the wake of a EUR700,000 investment, only four months after the company opened a similar unit in Slobozia.
Romanian company TARA Interactive, specialized in software development, ended 2023 with turnover worth above EUR1.2 million (at group level), up 15% from the previous year.
AROBS Transilvania Software, the biggest tech company listed on the Bucharest Stock Exchange, has fully acquired Infobest group, specialized in the development of customized software solutions, with offices in Timisoara and Leverkusen, Germany.
One United Properties, the leading green developer of residential, mixed-use and office real estate in Romania, reported preliminary consolidated turnover worth RON1.5 billion for 2023, up 30% from 2022.
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0416 units/euro in the next 12 months, while the expected rate of inflation will register an average value of 5.57%, a 20-month low.
Hidroelectrica, Romania’s largest energy producer, in 2023 registered revenues worth RON12.2 billion, up 30%, and net profit of RON6.33 billion (EUR1.2 billion), 42% above the 2022 level.