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Romanians are expected to spend RON3.4 billion on kids’ clothes and footwear this year, over four times less than on women’s clothes and shoes, in line with ZF calculations based on data provided by market research company Euromonitor.
The shares of Romania’s state-run natural gas transmission company Transgaz (stock symbol: TGN) traded up 4.4% on August 16 at the Bucharest Stock Exchange, amid deals worth RON1.4 million, boosting the market value to RON4.65 billion from RON4.45 billion; at some point, its shares grew 5.5%.
Corrugated cardboard manufacturer Vrancart Adjud (stock symbol: VNC) reported loss of RON8.4 million for the first half of 2024, compared with net profit of RON8.5 million in the same interval of 2023, as per its half-yearly financial report published at the Bucharest Stock Exchange on August 16.
Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L., the subsidiaries of software company Globant, merged at the end of June 2024, as per shareholders' decision published in the Official Gazette.
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) reported net loss of RON9 million for the January-June 2024 period, compared with net profit of RON8.4 million recorded in the year-earlier period, as per its half-yearly financial report.
Romania’s two carmakers, Automobile Dacia and Ford Otosan, are set to produce together more than 600,000 vehicles in 2024, considering they are both unveiling new car models this year which sustain the increase in production.
Precast concrete parts manufacturer Prefab Bucuresti (stock symbol: PREH), indirectly controlled by entrepreneur Petre Marian Milut, reported revenue of RON44.3 million for the first half of 2024, down 30% from the year-earlier period, as per the company's half-yearly financial report published at the Bucharest Stock Exchange.
PartnerVet, a company seeking to develop through acquisitions a network of veterinary clinics and hospitals, has announced the acquisition of the Sky Vet clinic founded 14 years ago by doctor Catalin Cherejdi, in Romania's central city of Sibiu.
Romanian executive Cornel Caramizaru was promoted to take over the operations of FrieslandCampina Group in four countries, namely, Spain, Portugal, Italy and France.
The company SmartDreamers, which developed a recruitment marketing software solution, reported a turnover of RON12.7 million (EUR2.5 million) for 2023, up 5% from 2022, as per data on the finance ministry website.
The European Commission has approved, in line with the EU regulations on state aid, the EUR99.5 million state aid for Nokian Tyres in Romania.
The MirageMedSpa and MirageBeach Spa hotels in Eforie Nord, controlled by the Briza Marii Negre company, operated at 85% occupancy rate in July, which their officials estimate will reach 90% in August.
Rompetrol Well Services S.A. (PTR.RO), one of the most important wellbore special services companies in Romania, announced it made RON4.13 million net profit in the first half of 2024, 36% lower than in the year-ago period, while operating revenue stood at RON36.7 million, 1.8% lower year-on-year.
Alternative investment fund Evergent Investments (EVER.RO) recorded a net profit of RON250 million in the first half of 2024, 2.6 times higher than the budgeted level for the full year 2024.
Rompetrol Rafinare (RRC.RO), the operator of the Petromidia refinery, posted $2.1 billion revenue in the first half of 2024, down from the $2.7 billion in the year-ago period, while losses widened to $75 million from $34 million, the company said in its report to the Bucharest Stock Exchange.
Romania’s first regional investment fund for business acceleration, an initiative of the West Regional Development Agency, with a total budget of EUR14 million, has reached the stage of selecting its manager.
Bucur Obor (BUCU.RO company, which manages the shopping center by the same name in Bucharest, made RON7.7 million net profit in the first half of 2024, an increase of 1.63% on the year-ago period, while revenue reached RON18.2 million, up 2.46%.
ING Bank has decided on Wednesday (August 14) to revise its growth forecast for Romania's economy in 2024 to 2% from its previous estimate of 2.8%, a level that is still deemed optimistic.
Infinity Capital Investments (INFINITY.RO), one of the five financial investment companies listed on the Bucharest Stock Exchange, posted RON104.7 million net profit in the first half of 2024 compared with RON18.4 million in the year-ago period.
The shares of three companies listed on the Bucharest Stock Exchange, namely, Premier Energy, Electromagnetica and Iproeb Bistrita, will be included in the MSCI Frontier and MSCI Romania indices. Romania's equity market presence in the MSCI indices will increase to 32 companies, starting on September 2, 2024, following the quarterly index review conducted by global index provider MSCI in August this year.18957 items