The Romanian Army, via Romtehnica, a company representing the Romanian Ministry of Defense (MApN), has signed with Turkish land systems manufacturer Otokar a multiannual contract worth RON4.26 billion (around EUR857 million) for the supply of 1,059 COBRA II 4x4 armored vehicles to the Romanian Ministry of Defense.
Electronic device maker Visual Fan, which owns Allview brand, for the first three quarters of 2024 reported RON5.1 million net profit at group level, up 56% from the same period of 2023.
Fuel wholesaler JT Grup Oil ended the first nine months of 2024 with RON5.9 million net profit, 69% above the year-earlier level.
Holde Agri Invest, one of the largest farmland operators in Romania, registered RON16 million losses during the January-September period, from a RON22.9 million negative result in the year-earlier period.
Romania managers expect rising prices in the processing industry, constructions, retail trade and services in the next three months, in line with a survey conducted by the country’s statistics board INS.
CFA Romania financial analysts’ economic growth outlooks continue to deteriorate, with the latest survey pointing to a 1.6% value, while for 2025 the economy is expected to decelerate to a real GDP growth rate of 1.4%. Some respondents also forecast a recession.
Electrica, a major player on Romania’s electricity distribution and supply market, is readying to list bonds on the Bucharest Stock Exchange, announced Alexandru Chirita, the company’s CEO.