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BCR Group, which includes the second largest bank on the local market, in the first half of 2024 generated net profit worth RON1.31 billion (EUR264 million), up 18.3% from the H1/2023 gain amid rising lending and revenues.
Romania's industrial production prices for the total (domestic market and non-domestic market) rose 1.1% in June 2024 compared to June 2023, data from Romania’s National Statistics Institute INS showed on Friday (August 2, 2024).
Telecom operator Dgi, controlled by entrepreneur Zoltan Teszari, has signed a EUR150 million purchase agreement with Britain’s Lorca JVCO for Nowo Communications, the fourth largest telecom operator in Portugal, with 270,000 mobile telephony clients and 130,000 fixed telecom ones.
he Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of the PPC Group in Romania) have signed three new non-reimbursable financing contracts through the Modernization Fund, for projects targeting the electricity distribution infrastructure in Ilfov, Calarasi and Arad counties.
Integrisoft Solutions, a developer and provider of software apps and solutions for central and local public administration, in 2023 registered turnover worth RON29.8 million (over EUR5.9 million), up 30% from 2022.
Cahm Europe, a Romanian producer of cosmetics particularly destined to hotels and the hospitality industry, has for 2024 budgeted RON41 million turnover, around one third higher than in 2023.
Dunca Expeditii, one of Romania’s largest road freight carriers, ended the first half of this year with flat turnover from the year-earlier period and continues to optimize its business to switch back to profit.
Michael Schmidt, who controls MHS Holding, which owns Automobile Bavaria and MHS Truck & Bus in Romania, has started a EUR1 million investment in the first official Rolls Royce official showroom in Romania.
Farmacia Tei chain, one of the most dynamic ones on the local market, boosted its turnover by 28% in the fist half of this year from the year-earlier period and reached 10 units on the local market.
Flextronics Romania, the local subsidiary of the Singapore-based Flex Group (Flextronics), which manufactures components for communications, IT and medical equipment, ended 2023 with a turnover of RON757.9 million (EUR153.2 million), up 14.6% from RON661 million (EUR134 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Benchmark Electronics Romania, specializing in the production of electronic equipment and subassemblies for electronic equipment, reported a turnover of RON687.6 million (EUR139 million) for 2023, down 13.4% from RON794.6 million (EUR161.1 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated from finance ministry data.
Romania's SNTGN Transgaz SA, the technical operator of the National Gas Transmission System, signed a syndicated loan contract for a total amount of RON1.93 billion to ensure financing for several investment projects included in the National Gas Transmission System Development Plan, the company announced in a stock market report released on August 1.
TotalSoft Group, one of the largest software developers in Romania, targets an annual 11% increase in its consolidated turnover in 2024, up to nearly EUR34.5 million at the end of the year, as per data provided by TotalSoft representatives in a press statement.
Banca Comerciala Romana (BCR) announces that, starting August 1, 2024, Ilinka Kajgana, Chief Risk Officer at BCR, will assume a new responsibility within Erste Group.
Romania's Finance Ministry raised RON2.08 billion from banks on Thursday (August 1), selling government paper in two auctions, at annual average yields of 6.18% and 6.72%, respectively.
Chemicals producer and supplier Chimcomplex Borzesti (stock symbol: CRC.RO) announced in a stock market report on August 1 the new structure of its Board of Directors, which was elected at the Extraordinary General Meeting of Shareholders held on July 31.
Romania's Competition Council is analyzing the transaction through which the Kinstellar Network, through Kinstellar SPARL, intends to acquire Noerr Romania which comprises SPRL Menzer & Bachmann – Noerr and Noerr Finance & Tax SRL.
The European Investment Bank (EIB) is lending Nokian Tyres a total of EUR150 million for the construction in Romania of the world’s first plant for producing passenger car tires without emitting carbon dioxide (CO2).
Romania's foreign exchange reserves decreased by EUR813 million over the course of July 2024, down to EUR63.57 billion at the end of the month, compared with EUR64.39 billion at the end of June 2024, central bank data showed on Thursday (August 1, 2024).
NNDKP has recently advised Globant, an IT and software development company present in 33 countries with more than 29,000 employees worldwide, throughout the entire process of merging two Romanian subsidiaries – Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L.18957 items