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Altex, Romania’s largest electro-IT retailer, registered 6% higher turnover in the first half of this year and expects to keep the pace until yearend.
Construction materials producer Baumit, owned by an Austrian group, wants to build a new plant in Bacau county. The investment amounts to RON203 million and to fund it the company applied to get funds made available by the Romanian state via ConstructPlus program.
City Grill group, a major player on Romania’s restaurant market, founded by Dragos Petrescu, expects EUR65 million turnover by yearend, 18% higher than in 2023.
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first half of 2024 with net profit of RON47,000, lower than RON703,000 reported in the same period of 2023, and with revenue of RON6.73 million, down 16% year-over-year, according to the company's half-yearly financial report.
Port operator Socep Constanta (SOCP.RO) notified the Bucharest Stock Exchange that 293.5 million of the 346.2 million shares offered for the capital increase by contribution in cash were subscribed. The broker of the operation was SSIF Interfinbrok Corporation.
BCR, the second largest bank in Romania, has revised its 2024 economic growth forecast for the country to 1.9% from 2.6%, as previously stated. The revision of the forecast is because of the mere 0.7% economic growth in the first half of 2024, instead of the 2% to 3% financial analysts and government expected.
ING Bank has decided on Friday (Sept 6) to revise its growth forecast for Romania's economy in 2024 to 1.3% from its previous estimate of 2% after Romania's statistics board INS released detailed data about the country's economic growth in the first half of 2024.
Romania's Competition Council is assessing the transaction through which A-AG Holdco Ltd intends to acquire Intersystems Holding Inc. and the companies related to the grain and protein business of AGCO Corporation.
Romania’s finance ministry is launching new Tezaur Treasury bills on Monday, September 9, the ministry announced on Friday (Sept 6).
Swedish group Holmbergs Safety Systems, controlled by investment fund FSN Capital, has filed a request for the insolvency of its subsidiary in Romania, which it set up in 2020 by taking over local company Te-Rox Prod from local entrepreneur Doina Cepalis, as per an announcement published on the web portal of courthouses.
Romania's economy edged 0.7% higher, in unadjusted data, and grew by 1.5% in seasonally adjusted data, in the first half of 2024 compared to the same period of 2023, provisional (1) estimates from the country's statistics board INS showed on Friday (Sept 6).
Law firm PeliPartners has assisted Bogdan Idu and companies of his group in the sale of their entire stake in Octogon Gas & Logistics, the company that operates the biggest LPG maritime terminal in Romania, to Nawaf Salameh Family Office, which owns spirits producer Alexandrion Group among others.
Quehenberger Logistics Rou, a major player on the transport and logistics market, for 2023 reported turnover of RON364.8 million (EUR73.7 million), down 9% from the previous year, in line with ZF calculations based on Finance Ministry data.
Kastamonu Romania, controlled by Turkey’s Kastamonu Entegre, ended the first half of 2024 with interim turnover of around EUR70 million, flat from H1/2023.
Pavel Holding and Apex Alliance have recently sealed an agreement for the acquisition of Waldhaus Flims Wellness Resort, a five-star hotel compound of Switzerland. The reopening of Waldhaus Flims is scheduled for 2025.
Local construction company Concelex set out to build a concrete product factory to facilitate its work on construction sites and applied for government funds via the ConstructPlus program.
Softbinator Technologies (CODE.RO) a Romanian provider of full software development services (product management, product design, software development, AI/ML development and product marketing) posted RON257,000 consolidated net profit in the first half of 2024 compared with a loss in the year-ago period.
The Bursa de Valori Bucuresti (BVB.RO - Bucharest Stock Exchange), the operator of the local bourse listed on its own market, on Thursday evening announced that at the quarterly meeting of the Index Committee on September 5, a decision was made to include Premier Energy (PE.RO) and Antibiotice Iasi (ATB.RO) in the reference index BET, in the dividend index BET-TR and BET-Total Return Net index.
The Board of Directors of Flaros Bucuresti (stock symbol: FLAO), a company specialized in leasing own spaces from the portfolio of Infinity Capital Investments, on Sept 5 called the extraordinary general meeting of shareholders for talks on withdrawing the company from trading its shares on the AeRO market of the Bucharest Stock Exchange.
Catalyst Romania Fund I, an early-stage venture capital fund in Romania, has announced another successful exit from its portfolio with the acquisition of Romanian firm 123FormBuilder by American technology company Kiteworks, a global leader in secure content management solutions.18957 items