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Romania's industrial production increased by 14% in September 2024, in unadjusted data, compared to August 2024, but was down 0.1% . when adjusted for the number of working days and seasonality, data from the country's statistics board INS showed on Wednesday (Nov 13).
Dendrio, part of Bittnet group, has contracted a RON5 million credit line from ING Bank to fund working capital and current activities.
Oil Terminal, the operator of the oil terminal in Constanta harbor, in the first three quarters of 2024 registered RON45.3 million net profit, almost double the level of the year-earlier period.
Aquila, an entrepreneurial FMCG wholesale and logistics company, ended the first nine months of 2024 with RON2.1 billion revenues, up 20%, and RON57 million net profit, down 19%.
Safetech Innovations, a Romanian cybersecurity company, for the first nine months of 2024 reported RON30 million turnover, up 49%, and RON9.3 million net profit, 58% above the year-earlier period level.
Vodafone group will open a cybersecurity center in Romania this month serving several European markets, in line with an announcement the British company made in an investors report as it announced financial results for the first half of fiscal year 2025.
Meltem Textil, a company based in Mizil, Prahova County, and held by Mustafa Murat Iplikci and Mehmet Iplikci, has signed the contract via the Just Transition scheme and got the permits to start construction of a new pillow and duvet factory, a EUR7 million investment, its officials said.
Simtel Team (SMTL.RO), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and a national leader in renewable energy, posted RON172.3 million consolidated operating revenue in the first nine months of 2024, down 19% compared with the year-ago period.
The top 10 brokers present at the Bucharest Stock Exchange, listed depending on the value of deals handled and market share, intermediated operations worth RON1.68 billion in October 2024, accounting for 90.83% of the total deals brokered throughout the month, in the amount of almost RON1.9 billion, in line with calculations by Ziarul Financiar (ZF) daily based on stock market data.
Banca Transilvania (TLV.RO), the largest lender in Romania, on Tuesday notified the Bucharest Stock Exchange that on November 11, its Board of Directors approved buyback of up to 2 million of BT shares out of the 6.5 million approved for repurchase by shareholders.
Inter Computer Romania, part of Hungary's Inter Computer Group (IC Group), posted EUR3 million revenue in the first nine months of 2024, achieving its full-year target as early as in the third quarter.
The Board of Directors of electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) has called its shareholders for a meeting on December 19 to vote on approving a program for the repurchase of maximum 60 million own shares, with a nominal value of RON0.1 per share.
Transilvania Broker de Asigurare (stock symbol: TBK), one of the largest insurance brokers in Romania, recorded a net profit of RON2.2 million for the first nine months of 2024, down 65% compared to the same period of 2023, as per the company's quarterly financial report sent to the Bucharest Stock Exchange.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) and Framatome have announced the signing of a Collaboration Agreement for the production of the medical isotope Lutetium-177 (Lu-177) at the Cernavodă nuclear power plant in Romania. Lutetium-177 is used for a range of vital cancer treatments.
The Bucharest Stock Exchange has announced on Nov 12 the official opening of the trading session for the listing of the shares of IMMO GURU, a company that operates in the field of leasing own real estate property, both in the short term and in the long term.
Meat processor Angst Ro SRL, which went insolvent in March 2024, will put up for sale five retail spaces from Bucharest and Ilfov, worth a total EUR3.6 million, according to Infinexa Restructuring, a company which, together with Prime Insolv Practice SPRL, is part of a consortium designated insolvency administrator for Angst.
Poland’s LuxVet Group, which operates on the market of veterinary clinics and hospitals in Central and Eastern Europe, has bought Pet Stuff, is one of the largest veterinary hospitals in Bucharest and Romania.
Romania continues to be an attractive destination for Global Business Services (GBS) centers due to factors such as competitive labor costs, access to a large pool of specialists in key areas like IT, and proximity to European markets, as per an analysis by Horváth, a global management consulting company active in the Romanian market since 2005.
The average net salary in Romania increased by 1.4% in nominal terms in September 2024 compared to August 2024, to 5,228 (EUR1,051), data from the country's statistics board INS showed on Tuesday (Nov 12, 2024).
Romania's annual inflation edged higher in October 2024, to 4.7%, compared with 4.6% in September 2024, after being on a downward trend since July 2024, data from the country's statistics board INS showed on Tuesday (Nov 12).18957 items