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Fondul Proprietatea (stock symbol: FP) has announced in a stock market report on Nov 26 that following the expiration of deadline for the submission of applications for a new alternative investment fund manager the Board of Nominees (BoN) drafted a list of five candidates.
Agroserv Mariuta (MILK.RO), a Romanian agriculture company and owner of the Laptaria cu Caimac dairy brand, posted RON87 million revenue in the first nine months of 2024, 2% lower than in the same period in 2023. Losses doubled to RON3.8 million, according to a report to the Bucharest Stock Exchange.
Electricity supplier and distributor Electrica (stock symbol: EL) has informed its shareholders and investors that, during the meeting held on Nov 26, 2024, the company's Board of Directors decided to extend the mandate of Chief Executive Officer (CEO) of Alexandru-Aurelian Chirita from January 1, 2025 until December 31, 2026, including, as per a report sent to the Bucharest Stock Exchange.
Romania's Competition Council is submitting to public debate the commitments proposed by the Bucharest National Airport Company (NCBA) to address competition concerns that led to the investigation into the restriction of market access for companies that manage software applications used to order taxis from the airport.
Adoption of 5G technology in Central and Eastern Europe, a region that includes Romania, is lagging behind developed regions, says the latest edition of Mobility Report, an annual report by Ericsson, one of the largest suppliers of equipment for telecommunications operators.
The new Renewable EPC by Allview division of technology company Visual Fan (ALW.RO) has signed a contract with Tenersolar Park to develop a 45.15 MW photovoltaic park in Tandarei, Ialomita County. The total value of this contract is EUR24.6 million.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies lei-denominated current loans, on Tuesday, November 26, reached 5.87%, up from 5.81% at the beginning of the week.
Household and company loans in October totaled RON601.9 billion, up 9.8% from the same period of last year (4.9% in real terms), after local currency deposits went up by 13.1% and foreign currency ones by 2.6%, in line with central bank data.
Private lending increased by 8.9% in October against the same period of 2023, to a total of RON416 billion, after local currency loans rose by 11.7% and foreign currency ones advanced by 3%, central bank data showed on Tuesday, November 26, 2024.
Monsson, the main renewable energy project developer in Romania, controlled by businessman Emanuel Muntmark, has transferred to NEPI Rockcastle, Romania’s largest mall owner, a 50 MW photovoltaic park located in Chisineu-Cris area of Arad county.
Polish-held rolling stock producer PESA will deliver the first trains to Romania in mid-2025 and start the homologation process with the Romanian rail watchdog AFER.
Agrotex, a farm input supplier based in Carei, Satu Mare County, acquired by Swiss group Ameropa earlier this year, posted RON646.7 million (EUR130.7 million) revenue in 2023, down by about 15.3% from 2022’s RON763.4 million (EUR154.8 million), according to ZF calculations based on data from the Finance Ministry website.
Super Eggs of Braila, which is part of Italy’s Eurovo group and specializes in production and sale of fresh, powdered and pasteurized eggs, ended 2023 with a turnover of RON61.8 million (EUR12.5 million), down 9.6% from nearly RON68.4 million (EUR13.8 million) reported in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Furniture manufacturer Ecolor, the local subsidiary of Sweden’s Gyllensvaans Möbler, posted RON460.6 million (EUR93.1 million) revenue in 2023, down about 19% from the previous year’s RON568.5 million (EUR115.3 million), according to ZF calculations based on data from the Finance Ministry's website.
Bathroom furniture manufacturer Savini Due, held by Italian businessman Piersante Savini, expects a nearly 10% increase in turnover in 2024 year-over-year to over RON162 million (EUR32.6 million), Ziarul Financiar (ZF) daily has calculated based on data provided by the company and on data on the finance ministry website.
Feper (FEP.RO), a manufacturer of industrial equipment, which also has hotel operations, on Monday notified the Bucharest Stock Exchange of having sold Complexul Hotelier Orizont in Predeal at auction for RON52.3 million plus VAT.
International rating agency Fitch Ratings has upgraded Garanti Bank S.A.'s (GBR) Long Term Issuer Default Rating (IDR) to 'BB' from 'BB-'. and the Outlook is Stable.
The shareholders of Exim Banca Romaneasca have approved on Monday (Nov 25) the bank's management team for the next four years.
Romania's finance ministry on Monday (Nov 25) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price unacceptable, central bank data showed.
The Bucharest Stock Exchange (BVB) opened “in the red” on Monday, Nov 25, with all stock market indices dropping after the results of the first round of the presidential elections put independent candidate Calin Georgescu in the lead.18957 items