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National oil transporter by rail Conpet Ploiesti (stock symbol: COTE) reported a turnover of RON401.8 million for January-September 2024 period, up 10% from the level reported in the same period of 2023, as per its quarterly financial report published at the Bucharest Stock Exchange.
Romania’s state-run natural gas transmission company Transgaz (stock symbol: TGN) ended the first nine months of 2024 with a net profit of RON144.2 million, at a consolidated level, 273% higher than the RON38.65 million profit recorded on Sept 30, 2023, as per the company's financial report published at the Bucharest Stock Exchange on Nov 14.
Rondocarton, part of the Austrian Rondo Ganahl Group, a leading corrugated cardboard manufacturers in Romania, has leased 4,580 square meters of warehouse space in the VGP Park Timisoara logistics park owned by VGP, one of the five largest players in the industrial and logistics market in Romania.
Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 14, 2024) selling benchmark bonds, at an annual average yield of 6.88%.
Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) will be listing at the Bucharest Stock Exchange, on Nov 19, the company's first bond issue ever, in the amount of EUR500 million.
Drug producer Zentiva (SCD.RO) on Thursday announced the decision of the Financial Supervisory Authority on the approval of the notice that the majority shareholder Zentiva Group will withdraw the Zentiva shares from trading on the Bucharest Stock Exchange in the coming period.
Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic growth forecast for Romania to 0.8%, down from its previous estimate of 1.9%.
Mihai Ionescu, former CEO of Deutche Bank Romania, was recruited by KingsRock Advisors, a global independent financial advisory firm headquartered in New York, to coordinate the company's Eastern European operations from Bucharest.
The demand for logistics and industrial spaces reached 575,000 square meters in the first nine months of 2024, which is lower by 20% compared with the same period of 2023, according to real estate consulting company Cushman & Wakefield Echinox.
Low-cost carrier Wizz Air has announced on Nov 14 the expansion of its Bucharest base with the addition of an Airbus A321neo aircraft in the summer of 2025, bringing the total to 19 aircrafts.
Romania's economy increased by 1.1%, in unadjusted data, in the third quarter of 2024 compared to the same period of 2023, but remained unchanged in real terms versus the second quarter of 2024, flash data from the country's statistics board INS showed on Thursday (Nov 14).
IMMO GURU, a company that operates in the field of renting own real estate as short-term and long-term accommodation, has made its entry to the AeRO market of the Bucharest Stock Exchange today, the 14th of November, under the ticker symbol IMMO.
Alternative investment fund Infinity Capital Investments ended the first nine months of 2024 with RON137.8 million net profit, 179% above the year-earlier period level amid income from dividends received.
Ropower Nuclear SA, the project company for the development of small modular reactors in Romania, set up by Nuclearelectrica (SNN.RO) and Nova Power & Gas, seeks to get a $98 million loan facility from the US Exim Bank.
Lidas, a company held by entrepreneur Elena Anastase, which owns an industrial bakery in Mineri, Tulcea County, and its own network of stores, posted RON163.5 million (EUR33 million) revenue in 2023, up 47.6% from the previous year’s RON110.7 million (EUR22.4 million), according to ZF calculations based on Finance Ministry data.
Survcontrol Agro, a company that sells farm inputs such as seeds and feed, as well as grain, posted RON371.9 million (EUR75.2 million) revenue in 2023, down 17.8% from the previous year’s RON452.5 million (EUR91.7 million), according to ZF calculations based on Finance Ministry data.
CEC Bank, the largest state-run lender in Romania, fully owned by the Finance Ministry, has redeemed RON660 million worth of notes listed on the Bucharest Stock Exchange and due in December 2025.
ALRO, one of the largest vertically integrated aluminium producers in Europe, recorded a net profit of RON126.8 million in January-September 2024, compared to loss of RON394 million in the same period of 2023, as per its financial report published at the Bucharest Stock Exchange.
Bitdefender, one of the most successful IT businesses in Romania, which became a global leader on the market of cybersecurity solutions, posted $391.9 million consolidated net revenue in 2023, 16% higher year-on-year and adjusted EBITDA of $85 milion, 21.7% higher, its co-founder and CEO Florin Talpes said during an online meeting with the media.
Romania's current account deficit stood at EUR19.7 billion in January-September 2024, compared with EUR16 billion reported in the same period of 2023, central bank data showed on Wednesday (Nov 13, 2024).18957 items