One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania, announced in a stock market report on Nov 14 the conclusion of a memorandum of understanding (MoU) with Ennismore, a lifestyle hospitality company, for the opening of a Mondrian Hotel in capital city Bucharest.
Romania’s industrial production decreased by 5.1% in unadjusted data in September 2023 versus September 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-11.7%) and manufacturing (-4.8%), data from the country’s statistics board INS showed on Tuesday (November 14, 2023).
Two deals with 8.9 million shares of shipbuilder Santierul Naval Orsova (SNO.RO) were recorded on Tuesday, November 14, which amounted to RON45.5 million, Bucharest Stock Exchange data show.
Romanian state-run port operator Oil Terminal (OIL.RO) ended the first nine months of 2023 with a consolidated profit of RON23.5 million, down 18.2% from RON28.7 million in the year-earlier period, as per its financial report released by the Bucharest Stock Exchange on Tuesday (Nov 14).
Aluminum accessories supplier Alumil Rom Industry (ALU.RO) ended the first nine months of 2023 with revenue of RON84.4 million, up 5% on the year, as per its financial report released by the Bucharest Stock Exchange on Tuesday (Nov 14).
Infinity Capital Investments (SIF5 – formerly known as SIF Oltenia) had net assets of RON2.57 billion in January-September 2023, a record high of the last ten years, as per its financial report summited to the Bucharest Stock Exchange.
Chief Executive Officers (CEOs) globally recognize the potential of artificial intelligence (AI), but most are encountering significant challenges in formulating and operationalizing related strategies, according to the latest EY CEO Outlook Pulse survey.
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, ended the first nine months of 2023 with a net profit of almost RON6 million, up 24.2% from the year-earlier period.
Romania's gross domestic product (GDP) increased by 1.1% in real terms (in unadjusted data) and by 1.9% in seasonally adjusted data in January-September 2023, as against the same period of 2022, data from the country's statistics board INS showed on Tuesday (Nov 14).
Car parts producer Compa Sibiu posted consolidated turnover worth RON597 million and RON10.2 million net profit in the first nine months of 2023.
Real estate developer One United Properties registered RON1.15 billion consolidated turnover in the first nine months of 2023, up 27% from the year-earlier period, while gross profit reached RON411.3 million, up 7% year-on-year, excluding the one-off gain from Bucur Obor’s bargain purchase recognized in 2022 of 19.1 million euros. The net profit amounted to 69.8 million euros, an increase of 5% compared to 9M 2022 (excluding the Bucur Obor gain impact).
Telecom operator Digi Communications, an entrepreneurial company controlled by businessman Zoltan Teszari, reported EUR1.23 billion revenues in the first nine months of 2023, up 13% from the year-earlier period.