Romanian state-owned port operator Oil Terminal (OIL.RO) has budgeted net profit of RON15.7 million for 2024, up 9.8% from the net result anticipated for 2023, and also expects total revenue of RON392.7 million, up 10.3% from 2023.
Alexandrion Group, the largest producer and distributor of spirits and wines in Romania by turnover, has announced the signing of a joint venture with the casa tequilera ‘Casa Aceves’ based in the Highlands of Jalisco, the main tequila-producing area in Mexico.
Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a leading renewable energy business in the country, reported a consolidated turnover of RON295.6 million for 2023, up 112% from 2022, and net profit of RON27.4 million, up 115% on the year.
Revolut is entering the bank deposit market in Romania and rolling-out annual interest-bearing in-app savings accounts to its over 3.5 million customers in Romania.
Softbinator Technologies (CODE.RO), a group of IT companies, reported consolidated turnover of RON32.2 million for 2023, almost flat on the year, and a net loss of RON5.2 million versus net profit of RON3.8 million in 2022.