Banca Transilvania (TLV.RO), the largest lender in Romania by assets, posted RON2.3 billion net consolidated profit in the first nine months of 2023, up from the RON1.68 billion in the year-ago period, therefore an increase of 37%, its third quarter financial report shows.
Pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) has signed a EUR25 million loan agreement with the European Investment Bank (EIB), which will help finance the construction of new production facility.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first nine months of 2023 with a net profit of RON6.3 million, down 21% on the year, and operating revenue of RON82.6 million, down 13.3% on the year.
Romania's national grid company Transelectrica (TEL.RO), Abu Dhabi National Energy Company PJSC (TAQA), Meridiam, E-INFRA and Fluor have announced a strategic Memorandum of Understanding (MoU) for a feasibility study of a high-voltage direct current (HVDC) infrastructure project in Romania.
Farmland operator Holde Agri Invest (HAI.RO) on Friday notified the Bucharest Stock Exchange on the details of its capital increase to be conducted in November and December, which it intends to use to raise up to RON40 million, according to ZF’s calculations.