Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80 million turnover this year, up 23% on the year, banking on a production increase.
Romania had the highest annual inflation rate, of 6.7%, among European Union Member States, in March 2024, data from Eurostat, the statistical office of the European Union, showed on Wednesday (April 17).
Timisoara-based Elysian Software, a company specialized in the development, production, and distribution of computer software, reported a turnover of over RON8.4 million (nearly EUR1.7 million) in 2023, up 28% from 2022, and net profit of RON1.4 million (EUR285,000), up 50% from 2022, in line with finance ministry data.
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and provisions.
GLS General Logistics Systems Romania, part of the group of the same name, held by UK’s Royal Mail, posted RON365.4 million (EUR73.9 million) revenue in 2023, up 5.5% compared with the previous year’s RON346.3 million (EUR70.2 million), according to ZF calculations based on Finance Ministry data.
Welded mesh manufacturer Intertranscom Impex ended 2023 with a turnover of RON1.24 billion (EUR251 million), down 32.5% compared to a turnover of nearly RON1.84 billion (EUR373 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data on the finance ministry website.
Romania’s industrial sales (on the domestic and external markets) increased by 11.7% in nominal terms in February 2024 compared to January 2024 and by 8.2% versus February 2023, data from the country’s statistical office INS showed on Wednesday (April 17).
Maspex Romania, producer of such brands as Tymbark, Salatini, Bucovina and Arnos, ended 2023 with RON1.15 billion (EUR234 million) revenue, up more than 12% from the previous year, Finance Ministry data show.