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Healthy food company SanoVita expects revenue to reach RON90 million by the end of 2024, an increase of 10% on 2023, its officials say.
Norofert (stock symbol: NRF), a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2024 with a turnover of RON35.5 million, up 10% year-over-year, as per the company's financial report published at the Bucharest Stock Exchange on Nov 27.
Romania's Finance Ministry raised EUR348 million from banks on Thursday (Nov 27), selling government paper in two auctions, at annual average yields of 3.5% and 3.19%, respectively.
Tarfin, a Turkish agri fintech enterprise focused on helping farmers obtain essential agricultural inputs, has appointed Romanian Valentina Seiciu as General Manager following Adina China-Birta’s stepping out from this position, company representatives said in a press statement.
The imports of the Nissan brand could go to a new consortium as of June 1, 2025, sources on the Romanian auto market say.
The Romanian indoor advertising market is expected to grow by 17% in 2024, way above the average of the Romanian advertising market as shopping centers and malls allocate more resources to developing advanced digital advertising platforms, as per an analysis by Brand Management.
Optima Group, a global leader in technology solutions and inventory services for fixed assets and stock, has undergone a rebranding process as part of the company’s evolution and is now Optima Technology, company representatives said in a press statement.
Strategic management consultancy McKinsey & Company has appointed Ovidiu Tisler managing partner of its Bucharest office, following his election as a partner of the firm.
The gross minimum wage guaranteed in payment will rise to RON4,050 from RON3,700 per month from January 1, 2025, Prime Minister Marcel Ciolacu announced at the beginning of the government meeting on Wednesday.
Reff & Associates | Deloitte Legal assisted Damen Galati Shipyard in obtaining EUR25 million financing from Exim Banca Romaneasca, which will be used by the shipbuilder to implement its investment program, based on the expansion and equipping of ship assembly facilities.
ING Bank Romania ended the first nine months of 2024 with RON2.83 billion revenues, up 13.5% from the year-earlier period, while its loan portfolio grew by 16%.
Agroland Agribusiness, part of Agroland group, specializing in farming input sales, registered RON1.5 million net profit in January-September 2024, up 13% from the year-earlier period.
Engineering and tech group Simtel Team, national leader in the field of renewable energy, is expanding its portfolio by launching a new business line dedicated to energy storage systems, offering comprehensive solutions including consultancy, EPC (Engineering, Procurement, and Construction), commercial operation, service, and maintenance.
Real estate developer Park Properties will in 2025 launch the construction of the third block of Sun Lake Residence project located on the banks of Bucharest Fundeni lake and will reach a total of over 300 apartments in this project, explained Alexandru Manaila, managing partner at Park Properties.
Vitall, a company based in Dolj County and engrossed in natural fodder manufacturing and poultry farming, reported a turnover of RON578.5 million (nearly EUR117 million) for 2023, up 6% from roughly RON546 million (EUR110.7 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated from finance ministry data.
The company Socub, based in Galati County and held by Costel Buca, has started the project for a second furniture plant, which entails an investment of almost RON53 million, with funds from the Just Transition Program.
Sanitary ware manufacturer Cersanit Romania, held by Poland’s Rovese group, for 2023 reported a turnover of RON160.6 million (nearly EUR32.5 million), down 21.9% from RON205.8 million (EUR41.7 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated based on finance ministry data.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed the capital market via a report on Nov 26 about the conclusion of three electricity wholesale contracts with supplier Energy Distribution Services.
Real estate developer Forty Management is launching a RON15 million private placement of secured corporate bonds, with the possibility of going up to RON25 million, with a maturity of four years and an "attractive interest rate", it said in a document sent to investors and received by ZF.
DN AGRAR Group (stock symbol: DN), the largest integrated livestock farm in Romania, leader in cow milk production, ended the January-September 2024 period with a turnover of RON127 million, up 9% year-over-year, as per the company's financial report published at the Bucharest Stock Exchange on Nov 26.18957 items