Found 19773 news
Prysmian Cabluri si Sisteme, part of Italian group Prysmian, for 2023 reported turnover worth RON1.979 billion (EUR363.4 million), down 11.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Heineken Romania, the second largest brewer locally, has in 2024 started Strongbow cider production at Miercurea Ciuc plant, according to the company’s officials.
The net assets of the 95 open-end equity funds operating in Romania edged 1% higher in August 2024 and grew by 25.6% so far in 2024, up to RON25.6 billion (EUR5.2 billion), in line with the latest August data from the Association of Asset Managers (AAF).
Romanian lender Banca Transilvania (stock symbol: BT) has announced in a press statement that it sold EUR700 million in bonds on September 25, 2024, while investor demand exceeded EUR2.5 billion.
Aluminum producer Alro Slatina (ALR.RO) on Thursday announced the appointment of a new chief executive officer, Marin Cilianu during the Board of Directors meeting on September 26, 2024, for a term until July 31, 2027, the company said in a report to the Bucharest Stock Exchange.
Retailer Auchan continues to invest in the ATAC Hiper Discount store network, which reaches seven stores, with the latest openings taking place in Sibiu and Satu Mare on Thursday, September 26,
Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, has informed the market in a report on Sept 26 about the opening of a KFC restaurant in the city of Chisinau, in the Republic of Moldova.
Romania's Finance Ministry raised RON500 million from banks on Thursday (Sept 26), selling government paper at an annual average yield of 6.04%.
FFintechOS, an end-to-end financial product management platform, plans to recruit sales specialists for Western Europe and software development experts in Romania.
London Stock Exchange Group (LSEG), a global provider of financial markets data and infrastructure, has expanded its presence in the Romanian market with the opening of a new office on Sept 26, in the city of Cluj-Napoca, besides the technology and operations center in capital city Bucharest.
The European Bank for Reconstruction and Development has downwardly revised its forecast for Romania’s economic growth in 2024, to only 1.4%, compared with 3.2% projected in May 2024, while counting on a slight recovery in the second half of 2024 despite the need for fiscal consolidation, as per the Bank's regional repot released on Sept 26.
Prodvinalco (VAC.RO), a company majority-owned by Mircea Todea, Vasile Albon and Marcel Hosu, posted RON11.2 million net profit in the first half of 2024, 43% higher than in the year-ago period.
The exchange rate has a short-term upward potential, with a target of RON5 to the euro, which is largely driven by lower bond yields, driving investors to put tactical bets on the euro in hopes of short-term gains, according to analysts of iBanFirst, a leading global provider of foreign exchange and international payments, operating in 10 European countries.
The average gross monthly earnings registered at the level of the national economy in 2023 were RON7,042, higher by 15.0% (+RON916) than the previous year, and the average net monthly earnings were RON4,412, increasing by 16.1% (+RON611) compared to the previous year, as per data from the country's statistics board INS.
Da Vinci New Project, a company wholly owned by Alive Capital, in its turn part of Premier Energy PLC group, has got a EUR7.5 loan from Libra Internet Bank to build a photovoltaic park in Nanov locality, Teleorman county, on an area of around 25 hectares.
Geological surveying company Prospectiuni Bucuresti, majority owned by businessman Ovidiu Tender, in the first half of this year registered RON91.3 million turnover, down 23% from H1/2023, and RON3.8 million net profit, 54% lower.
Engineering and technology company Simtel Team has sealed a partnership with Monsson group, the largest renewable energy project developer in Romania and Southeast Europe, to build and sell photovoltaic or hybrid projects and energy storage facilities.
Zarea, a major player on Romania’s alcoholic beverages market, controlled by Poland’s Ambra, for 2023 reported turnover worth above RON211 million (EUR42.8 million), up 25.8% from 2022, in line with ZF calculations based on Finance Ministry data.
Carmeuse Holding, which owns three plants in Romania producing lime, in 2023 posted turnover worth RON281.8 million (around EUR57 million), down 11.6% from 2022, in line with ZF calculations based on Finance Ministry data.
Steel pipe distributor Comtech Co Slatina, owned by Romanian entrepreneur Constantin Goanta, in 2023 registered turnover worth around RON151.7 million (around EUR30.7 million), down 1.8 million from 2022, in line with ZF calculations based on Finance Ministry data.19773 items