Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while adjusted EBITDA was 63.5% lower, EUR4.6 million compared with EUR12.6 million in 2022, data from Greece’s OTE, which owns the company together with Germany’s Deutsche Telekom, show.
Private medical service provider MedLife (M.RO) will be using drones to transport lab samples over the 120 kilometers between Oradea and Arad, thus cutting delivery time in half, it said in a report to the Bucharest Stock Exchange on Thursday.
Hyatt, a leading global hospitality company is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring around 200 rooms.
Sopsa, a global leader in waste management sustainable solutions, is entering the local market by signing a leasing contract for 6,400 square meters of industrial and office spaces in ELI Park 4, a project part of the portfolio of ELI Parks, a major developer on Romania’s real estate, logistics and industrial market.
BRK Financial Group, the only stockbroker listed on the Bucharest Stock Exchange, reported RON0.3 million net profit for the first nine months of 2023, compared with a RON10.4 million loss in the same period of 2022, while revenues climbed to RON16.3 million from RON15.2 million.
Romania’s trade deficit in the first nine months of 2023 shrank by 18.4% to a total of EUR20.3 billion, as the country’s exports rose by 2.1%, while imports dropped by 3.4%, data from the statistics board INS showed on Thursday, November 9.
Local startup bonapp.eco, a Romanian startup that sells discounted food approaching the expiration date, at end-September reached intermediated sales totally worth EUR50,000, five times higher than in the year-earlier period.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) continues to expand in Romania and wants to reach at least 300 specialists in the Romania hub by yearend.