Romania Feed
-
ZF English - 20:19 Apr 27, 2023
Romania's finance ministry raised RON1.6 billion on Thursday (April 27, 2023) through two government bond issues, at annual average yields of 7.17% and 7.33%, respectively. -
ZF English - 19:39 Apr 27, 2023
The seven mandatory private pension funds in Romania, known as Pillar II, ended 2022 with a total turnover of RON344 million, down 43% from 2021, and a 65% lower profit, of RON87 million, as per calculations by Ziarul Financiar (ZF) daily based on reports from Pillar II funds. -
ZF English - 19:23 Apr 27, 2023
Cosmetics and consumer goods producer and distributor Sarantis, held by the Greek group by the same name, increased its revenue by 14.3% to RON463.5 million in Romania in 2022, in a year with a record high inflation. -
ZF English - 18:58 Apr 27, 2023
Computer and electronics retailer Altex Romania has taken over EUR4.6 million debt of Vivre Deco together with all the guarantees from Banca Transilvania and therefore became a guaranteed creditor in the insolvency of the Romanian-held furniture and home décor business. -
ZF English - 18:40 Apr 27, 2023
French-held Carrefour Group has officially confirmed the acquisition of rival Cora’s stores in Romania, a deal ZF first reported about on Tuesday. The deal includes ten hypermarkets and eight Cora Urban convenience stores. -
ZF English - 17:42 Apr 27, 2023
Cluj-Napoca is the city where real estate developer Iulius is focusing on right now, while Constanta is considered for a future project and Bucharest, too, is on the list of development plan, but for some time later. -
ZF English - 13:13 Apr 27, 2023
Industrial equipment manufacturer AAGES Targu-Mures (AAG.RO) announced in a stock market the way of distributing its 2022 net profit, respectively RON3.15 million, and the bulk will go to the company's shareholders. -
ZF English - 11:59 Apr 27, 2023
Stefanini Group, a global tech multinational that assists customers in their digital transformation, has recruited Romanian Natalia Chiritescu, a specialist with over 25 years of experience in the IT and telecommunications sectors, as Digital Solution Center Director for EMEA (Europe, Middle East, and Africa). -
ZF English - 11:44 Apr 27, 2023
The total number of business insolvency proceedings in countries across Central and Eastern Europe (CEE) grew by 39.3% to 36,090 in 2022 from 25,917 in 2021, according to an analysis by Coface. -
ZF English - 10:52 Apr 27, 2023
ROCA Investments, a brand founded by Impetum Group and a private equity company in Romania, has reached a portfolio of EUR78 million, 50% higher than the previous valuation of December 2021, and an internal rate of rate (IRR) of 39%. -
ZF English - 07:13 Apr 27, 2023
Natural gas producer and supplier Romgaz, in which the Romanian state owns 70%, for 2022 reported payments to the budget worth RON7.7 billion, from RON1.5 billion in 2021. -
ZF English - 06:50 Apr 27, 2023
Faurecia Romania, the local subsidiary of French giant Faurecia, for 2022 reported turnover of above RON1.3 billion, up 25% from the previous year, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:37 Apr 27, 2023
McDonald’s Romania, leader of the restaurant market, ended 2022 with EUR297 million, up around 28% from 2021. -
ZF English - 06:29 Apr 27, 2023
Knauf Insulation, a mineral wool producer carrying out a EUR130 million investment in a plant from scratch in Tarnaveni locality of Mures county, bets on exports for the production of the new plant. -
ZF English - 06:21 Apr 27, 2023
Building materials group TeraPlast in 1Q/2023 registered RON147 million turnover, compared with RON171 million in the first quarter of 2022 and switches to RON2.6 million losses from a RON6.9 million positive result in 1Q/2022. -
ZF English - 20:27 Apr 26, 2023
Romania’s largest oil company OMV Petrom (SNP.RO) on Wednesday secured approval from its shareholders to distribute RON2.3 billion from the RON10 billion net profit of 2022 as dividends. The gross dividend stands at RON0.0375 and at the current trading price of RON0.497, the dividend yield is 7.4%. -
ZF English - 20:15 Apr 26, 2023
The shareholders of nuclear power producer Nuclearelectrica (SNN.RO) on Wednesday (April 26, 2023) approved the distribution of a gross dividend of almost RON4.25 per share. -
ZF English - 19:54 Apr 26, 2023
Electricity supplier and distributor Electrica (EL.RO) has informed its shareholders and investors that the mandate of Chief Executive Officer (CEO) of Alexandru Chirita was extended until August 2023, according to a report released at the Bucharest Stock Exchange. -
ZF English - 19:47 Apr 26, 2023
Rompetrol Well Services (PTR.RO) notified the Bucharest Stock Exchange on Wednesday evening that its shareholders, starting with Kazakhstan’s KMG International, which owns 73% in it, approved the distribution of a RON0.008805 dividend from the 2022 net profit or RON2.5 million in all at a yield of 1.4%. -
ZF English - 19:36 Apr 26, 2023
The shareholders of the Bucharest Stock Exchange, which operates the capital market in Romania, have approved a proposal of the Board of Directors to distribute RON10.4 million as dividends from the 2022 net profit.