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Piatra-Neamt-based farming machinery producer Mecanica Ceahlau ended the first nine months of 2024 with a RON4.4 million loss, almost triple the RON1.5 million loss registered on September 30, 2024.
Mecanica Fina (MECE.RO), a producer of measuring, verification, control and navigation instruments and devices, registered RON15.1 million turnover in the first nine months of 2024, down 13% from the year-earlier period.
Turism Felix, which manages five hotels in Baile Felix resort of Bihor county, reported RON1.66 million profit for January-September 2024 period, down 82% from the year-earlier period.
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, in the first nine months of 2024 posted RON376,664 losses after RON117 million net profit in the year-earlier period.
Romanian ambulance and special vehicle producer Deltamed currently exports around half of local production and wants to reach new opportunities in Europe, the Middle East and South-East Asia, explained Viorel Toadere, the company’s commercial manager.
Techtex SRL, a company specializing in technical textile production, part of Taparo group, has entered an agreement with creditors.
Spartan restaurant chain wants to expand into foreign markets under a franchise system, a model it has already tested in Romania. It has already opened a restaurant in Spain, where it analyzed initial results before deciding that expansion was possible.
Five-star Radisson Blu Hotel in Cluj-Napoca, developed by Winners Park Invest and opened in the summer of 2022, operated at 58% occupancy in September and October 2024 and budgeted EUR7.7 million revenue for the entire year.
Vegetable oil producer Argus Constanta (UARG.RO) reported operating revenue of RON155.7 million for the first nine months of 2024, up 15.6% year-over-year, and operating expenses of RON170.2 million, down 15.9% on the year.
Entrepreneurial company Grup Serban Holding (GSH.RO), which operates in agriculture, has called shareholders for an extraordinary general meeting on December 16, when they are asked to vote, among others, on getting an EUR73 million loan from BRD-Groupe Société Générale (BRD.RO).
Prima Development Group, an Oradea-based real estate developer, has secured the construction permit for a residential project in Bucharest, PRIMA Astera, an investment put at EUR65 million.
Romania's Finance Ministry raised RON600 million from banks on Monday (Nov 11), selling government paper at an annual average yield of 6.95%.
OmniaGusti, one of Romania's largest suppliers on the confectionery raw materials market, is entering the HoReCa (Hotel, Restaurant, and Catering) segment and expects an increase of over 40% in its 2024 turnover.
Greece's AKTOR Group of Companies sees Romania as a key market in the coming years and plans to boost its portfolio in the local market by participating in new infrastructure projects within its investment plan of EUR2 billion which was recently unveiled in Athens.
GARBE Industrial Real Estate GmbH, one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, has established a new company in Romania.
Consumers’ continued passion for seasonal sales is being fueled by the global cost of living crisis, driving shoppers to seek out more bargains as they try to make their disposable income stretch further, according to the latest EY Holiday Shopping Survey.
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) recorded a turnover of RON152.8 million in the January-September 2024 period, down 50.5% compared with the same period of 2023, the company announced in its quarterly financial report sent to the Bucharest Stock Exchange.
Romania's trade balance posted a deficit of EUR23.5 billion in January-September 2024, higher by 15% compared to the same period of 2023, data from the country's statistics board INS showed on Monday (Nov 11).
Shipbuilder Santierul Naval Orsova posted RON5.6 million net profit in the first nine months of 2024, up 41% from the year-earlier period.
OMV Petrom, Romania’s main oil and gas producer, has signed an EPCC-type contract to start the construction of the photovoltaic park of Isalnita, Dolj, which will have an annual production of 130 GWh and installed capacity of around 89 MWp.18957 items