Romania Feed
-
ZF English - 08:06 Aug 18, 2023
Italian Group UniCredit for the first half of 2023 reported net consolidated profit of RON663.8 million from Romania operations, around 64% higher than the consolidated gain of 1H/2022. -
ZF English - 06:20 Aug 18, 2023
Simultan, a major dairy maker in Romania, owned by Herbai family, ended 2022 with RON440 million turnover, up almost 40% on the year. -
ZF English - 06:00 Aug 18, 2023
Building company Drum Asfalt ended 2022 with RON185 million turnover, up 8% from 2021, and for 2023 expects to reach the RON450 million threshold. -
ZF English - 23:00 Aug 17, 2023
Stup (Hive), a project developed by lender Banca Transilvania and BT Mic, which supports small entrepreneurs, newly established businesses and paper business ideas, has celebrated one year of activity, during which time it created a community of 14,000 entrepreneurs and supported the birth of 200 businesses. -
ZF English - 21:38 Aug 17, 2023
Optical equipment producer IOR Bucuresti (IORB.RO) announced in a stock market report on Thursday (August 16) that it completed the subscription period for the share capital increase operation conducted as of July 11, 2023. -
ZF English - 20:55 Aug 17, 2023
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 half of 2023 with a turnover of RON282.4 million, up 9% from the same period of 2022. -
ZF English - 20:34 Aug 17, 2023
Romania's Finance Ministry raised RON906.7 million from banks on Thursday (August 17), selling government paper in two auctions, at annual average yields of 6.21% and 6.99%. -
ZF English - 18:38 Aug 17, 2023
Nordis Group, a real estate developer of premium hotel and residential complexes, has recruited Corneliu Ghimbasanu for the position of general manager of five-star Nordis Mamaia Hotel the company is going to open in the coming period. -
ZF English - 16:40 Aug 17, 2023
Franklin Templeton International Services, the manager of Fondul Proprietatea (FP.RO) called the fund’s shareholders for September 25 to vote on the renewal of its management mandate for a four-year term. The new term should start in the spring of 2024. -
ZF English - 15:38 Aug 17, 2023
Construction company Napoca Cluj (NAPO.RO) reported a net profit of RON213,219 for the first half of 2023, down 42.5% from RON370,795 reported in the first half of 2022. -
ZF English - 14:30 Aug 17, 2023
The global luxury goods market is undergoing a radical change as it is forced to adapt to the consumer behavior of Generation Z (people born between 1995 and 2010) and Millennials (people born between 1981 and 1996), who prefer alternative and flexile payment methods, such as the ”buy now, pay later” (BNPL) payment solution. -
ZF English - 12:02 Aug 17, 2023
Turism Felix, owned by investment fund Transilvania Investments, has announced the completion of a EUR14 million investment in the Venus Aqua Park located in 1 Mai resort (Bihor County), which will reopen on August 19. -
ZF English - 09:18 Aug 17, 2023
Romanian engine manufacturer UCM Resita, a company present on the Main Market of the Bucharest Stock Exchange, posted a RON7.3 million net loss in January-June 2023, from RON415.65 million profit in the same period of last year. -
ZF English - 07:38 Aug 17, 2023
The European Bank for Reconstruction and Development (EBRD) is lending EUR15 million to the municipality of Alba Iulia in Romania to co-fund together with the European Union the rehabilitation of the city’s public transport infrastructure. -
ZF English - 06:55 Aug 17, 2023
Corrugated cardboard manufacturer Vrancart Adjud (VNC), a company in which the Paval brothers, the founders of DIY retailer Dedeman, have a 17% stake, for the first half of 2023 reported RON8.54 million net profit, down 32% year-on-year, and total revenues worth RON236.2 million, 16% lower than in 1Q/2022. -
ZF English - 05:56 Aug 17, 2023
Startup Cyscale, a Cluj-based software developer of data protection solutions and applications in the cloud, in 2022 posted turnover worth RON2.3 million in Romania, against zero turnover in the previous year. -
ZF English - 05:49 Aug 17, 2023
Five-star hotel Radisson Blu of Cluj-Napoca, developed by Winners Park Invest, opened in 2022, plans to add another 20 apartments and three conference rooms in the next two years, according to its officials. -
ZF English - 22:50 Aug 16, 2023
Infinity Capital Investments, the former SIF Oltenia (SIF5.RO), had a net profit of RON18.4 million in January-June 2023, down 87% from RON144 million in the same period of 2022. -
ZF English - 22:36 Aug 16, 2023
Romania's national grid company Transelectrica (TEL.RO) reported total operating revenue of RON2.2 billion for the first half of 2023, down 16% from RON2.6 billion in the same period of 2022, amid a significant decline in revenue from zero-profit activities, in line with the company's half-year financial report. -
ZF English - 22:12 Aug 16, 2023
Shipbuilder Santierul Naval Severnav (SEVE.RO) based in Drobeta Turnu-Severin reported a net loss of RON3.56 million for the first half of 2023, as compared to a net negative result of RON11.3 million in the same period of 2022, in line with the half-year financial report published at the Bucharest Stock Exchange.