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Turism Felix (TUFE.RO, which manages five hotels in Baile Felix, Bihor County, recorded loss of RON14.9 million in the first half of 2024, up nearly 119% from the level reported in the same period of 2023, in line with data from its half-yearly financial report published at the Bucharest Stock Exchange on August 12.
Romanian state-run port operator Oil Terminal (OIL.RO) saw its net profit surging 43% in the first half of 2024 compared with the year-earlier period, to roughly RON36 million, and its turnover climbing 36% to RON231 million amid higher tariffs and volumes, as per the company's half-yearly financial report published at the Bucharest Stock Exchange on August 12.
Sweden's Syntronic, a leading design house specializing in advanced product and systems development, production, and aftermarket services, has opened a site in Romania, in Timisoara, and the new entity is named Syntronic Production and Aftermarket Services.
The average net salary in Romania increased by 1.1% in nominal terms in June 2024 compared to May 2024, to 5,176 (EUR1,056), data from the country's statistics board INS showed on Monday (August 12, 2024).
Romania's annual inflation resumed its upward trend, increasing to 5.4% in July 2024 compared to July 2023, after dropping to 4.9% in June 2024, data from the country's statistics board INS showed on Monday (August 12).
Bucur SA Bucuresti (stock symbol: BUCV), a company engrossed in selling food products, spirits and coffee, and in property lease, has informed the stock market on August 9 about the signing of a sale and purchase agreement for a building in capital Bucharest.
Raiffeisen Bank Romania, the sixth largest bank in the local market by assets, has informed the capital market in a stock market report about the extension of Zdenek Romanek's mandate as President of the bank's Management Board and CEO, until January 31, 2029.
Alternative investment fund Lion Capital (stock symbol: LION) acquired a package of 83.35 million shares in Grand Hotel Bucharest (RCHI) on July 31, representing 10% of the share capital of the company that manages the former Intercontinental Hotel in capital city Bucharest.
Transilvania Investments Alliance (stock symbol: TRANSI), one of the five financial investment companies at the Bucharest Stock Exchange, with assets worth over RON2 billion, has announced in a stock market report on August 9 that Marius-Adrian Moldovan has officially taken over the role of Executive President along with the approval of the Financial Supervisory Authority (ASF) of Aug 9.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted AAylex One, one of the leading players in the Romanian food industry and the producer of the Cocorico brand, in connection with a EUR20 million loan facility granted by a syndicate of banks.
Romania's central bank has revised downwards its inflation forecast to 4% for the end of 2024 from its previous projection of 4.9%, central bank governor Mugur Isarescu said on Friday (August 9) at the "Inflation Report, August 2024" press conference.
Romania Finance Ministry is launching new Tezaur treasury bills starting Monday, August 12.
Romania's national grid company Transelectrica (stock symbol: TEL) has developed together with Teletrans, the IT and telecommunications subsidiary, a pilot application used to forecast the electricity produced by prosumers, an initiative aimed at supporting all market participants.
Romania's Competition Council has approved the transaction through which Romcim SA acquired the company Tehno World SRL.
Romania's trade balance posted a deficit of EUR15 billion in January-June 2024, higher by 13.2% compared to the same period of 2023, data from the country's statistics board INS showed on Friday (August 9).
Bucur SA Bucuresti, a company engrossed in selling food products, spirits and coffee, and in property lease, ended H1/2024 with RON13 million net profit, 887% higher than in the year-earlier period.
AAylex ONE of Buzau, the company behind poultry brand Cocorico, has signed a syndicated loan agreement worth EUR20 million to support operating activities and business development.
IT&C distribution company Mida Soft Business, also a provider of integrated IT&C services, in 2023 registered turnover worth RON192.9 million (EUR38.8 million), up 93% from 2022.
Romania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward or stagnation trend by quantity, but by value there has been growth as users increasingly choose phones with better specifications, according to the local representative of Chinese company OPPO.
ITGlobers, specializing in technological services and solutions for the implementation and optimization of e-commerce platforms, development of customized software solutions, system integration and development of mobile apps, seeks to hire IT specialists for the newly opened office of Bucharest.18957 items