Found 18957 news
Trump’s 25% threatened tariffs on EU products risk to pummel the local economy as the US is Romania’s second largest trade partner after UK, reveals an analysis by iBanFirst, a leading global provider of foreign exchange and international payments.
Turism, Hoteluri, Restaurante Marea Neagra, a company that manages several seaside hotels, for 2024 reported RON9.8 million net profit, down 72% from 2023. Operating revenues halved to RON33.3 million.
Cable producer Romcab Targu-Mures, which is under judicial reorganization and whose main stakeholder has entered bankruptcy, ended 2024 with a gross loss ahead of taxation of RON113.6 million, after RON15.9 million profit in 2023.
German retailer Lidl on Thursday, February 27, opened four new stores, in Ploiesti, Galati, Campina and Bolintin Vale.
Premier Energy (PE.RO), one of Romania's largest natural gas suppliers, also active in the renewable energy business, posted EUR24.2 million profit in 2024, down 69% from the previous year.
Nuclear power producer Nuclearelectrica (SNN.RO) posted RON1.7 billion net profit in 2024, a 31.9% decline on the RON2.5 billion of 2023, the company said in its annual financial report to the Bucharest Stock Exchange.
Pharmaceutical producer Zentiva (SCD.RO), a company suspended from trading pending delisting from the Bucharest Stock Exchange, following withdrawal of minority shareholders, made RON258.8 million net profit in 2024, an increase of 34.3% on 2023.
Aerostar Bacau (ARS.RO), a supplier of aerostructures, subassemblies and hydraulic systems for global manufacturing programs, ended 2024 with RON95.7 million net profit, 2.9% higher than in 2023.
IAR Brasov (IARV.RO), which makes spare parts for and repairs helicopters, posted RON32.1 million net profit in 2024, 33.4% higher than in 2023, while revenue stood at RON381.6 million, 10.7% lower.
TaxiDome, a software company established in New York in 2017, which provides management solutions for accounting firms and entered Romania in 2024, ended its first full year in business on this market with RON597,179 revenue, it said in a statement.
State-run national gas transmission system operator Transgaz (TGN.RO) doubled its net profit to about RON391 million in 2024, while revenue rose 28% to RON2.3 billion, mainly as a result of the increase in transmission tariffs, the company said in its quarterly report to the Bucharest Stock Exchange.
Telecommunications operator Digi (DIGI.RO), an entrepreneurial business controlled by businessman Zoltan Teszari, posted EUR1.92 billion revenue in 2023, up from EUR1.7 billion in 2023 and an EUR540 million profit, its preliminary 2024 financial results show, according to a report to the Bucharest Stock Exchange.
Mömax, a furniture retailer part of Austrian chain XXXLutz, will open a store of around 5,000 square meters in Vitantis Shopping Center, announced Omer Susli, owner of the center, on Linkedin.
A multidisciplinary team made up of Reff & Asociatii | Deloitte Legal lawyers and financial and tax consultants part of Deloitte Romania assisted UE Furniture, a global leader in the production of chairs, armchairs and sofas, in acquiring family business Rus Savitar founded by Rusu family, a key player in the local furniture industry.
Aquila, Aquila, the market leader in integrated distribution and logistics services for the consumer goods market in Romania and the Republic of Moldova, ended 2024 with RON90 million net profit, down 7% from 2023. The minimum profit tax of 1% of revenues, which came into effect in 2024, along with higher employee costs, were factors that impacted the net result.
Private healthcare provider MedLife for 2024 reported RON2.7 billion consolidated revenues, up from RON2.2 billion in 2023. The company switched to RON18.4 million profit from RON4.2 million losses.
State-owned Romgaz, a natural gas producer and supplier, in 2024 reached RON7.9 billion turnover, down 12% from 2023, while net profit climbed by 15% to RON3.2 billion amid the elimination of some taxes.
Romania’s national grid company Transelectrica in 2024 registered RON597 million net profit, up 180%, and RON7.8 billion operating income, 67% higher than in 2023.
Banca Transilvania, Romania’s largest lending institution, for 2024 reported RON4.7 billion net consolidated profit, up 59% from 2023, while assets climbed by 22% to RON207 billion.
BCR group in 2024 generated net profit of RON2.76 billion (EUR556 million), up 19.2%, and operating income of RON6.09 billion (EUR1.22 billion), 15.6% above the 2023 level, driven by improved net interest income and net fee and commission income.18957 items