Telekom Romania Mobile (TKRM), the fourth mobile telephony operator in Romania, posted EUR77.5 million revenue in the fourth quarter of 2023, up 6.2% year-on-year, mainly reflecting the sharp increase in other revenue due to revenue recognition of ICT projects in the quarter, the operator’s owner, Greece’s OTE, said in financial results report.
DRUID AI, the tech startup founded by entrepreneur Liviu Dragan in 2018, in 2023 registered annual recurrent revenues worth $13 million.
Deals with commercial real estate assets worth above EUR600 million are currently under advanced negotiations, so that the volume traded in 2023 is likely to be matched in the first half of the current year, in line with data released by real estate consultancy Cushman & Wakefield Echinox.
Tech company 2Performant Network, the biggest player on Romania’s affiliated marketing market, reported net profit of RON869,432 at the end of 2023, vs RON258,454 profit in 2022.
Raiffeisen Bank Romania in 2023 posted income worth RON3.7 billion, up 16%, and net profit worth RON1.7 billion, 39% higher than in 2022.
Turkey’s Karsan Otomotiv Sanayi Ve Ticaret A.S. has gained a contract worth RON64.2 million (around EUR13 million) with Satu Mare city hall for the delivery of 17 electric buses and the associated charging stations.
Victor Stinga, the interim CFO of Revolut, said the fintech wants to launch mortgages and savings accounts as a rising number of European clients, including Romanian ones, are starting to see Revolut as a main banking account, an alternative to traditional banks or a service that is complementary to them.
Belor Romania Societate pe Actiuni, headquartered in Galati, part of German group Belor, expects EUR48 million turnover in 2024, lower than in 2023, when it generated EUR54 million.
Road freight carrier Trans SESE, headquartered in Cluj-Napoca, the local subsidiary of Spanish group SESE, currently has 300 jobs available for truck drivers.
China’s KSHG Auto Harness currently has 200 jobs available at the plant of industrial park CTPark Deva II of Hunedoara county.
The wholesale unit of Dona group, one of the largest on Romania’s pharma market, posted growth twice the market average in 2023, overshooting the RON2 billion threshold. The investment budget for 2024 stands at EUR2 million for the three warehouses.