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Electronics Suport Division (ESD ROM), a company specializing in repair services owned by entrepreneurs Mihai Oleinic and Bogdan Bunda, in 2023 posted a 20% turnover decline to RON23.9 million.
Automotive parts and accessories wholesaler Inter Cars Romania, part of Polish group Inter Cars, for 2023 reported turnover worth around RON1.8 billion (EUR363.5 million), up 19.7% on the year, in line with ZF calculations based on Finance Ministry data.
Cargus, one of the largest players on the courier services market, plans to double its turnover in the following years and will focus on internationalization to reach this target.
Maib, the main lending institution of the Republic of Moldova, plans to distribute dividends worth MDL 757 million (around RON200 million) from the net results registered in 2021-2023.
The top 10 brokers present at the Bucharest Stock Exchange, listed depending on the value of deals handled and market share, intermediated operations worth RON14 billion in January-May 2024, against RON6.6 billion in the same period of 2023, with a 112% increase being thus registered in a 12-month interval, in line with ZF calculations based on BVB data.
TeraPlast SA has appointed Bogdan Lucian Craciunas to the position of Chief Financial Officer of the company, effective from July 29, 2024, the company announced in a press statement on Friday (June 7).
Romania’s finance ministry is launching new Tezaur Treasury bills on Monday, June 30, the ministry announced on Friday.
eMag IT Research SRL, a company held by Dante International, which manages eMAG, the largest online retailer in Romania, had a net turnover of RON232.5 million (EUR46.7 million) in 2023, up nearly 6% year-over-year, as per finance ministry data.
Energy Minister, Sebastian Burduja, on June 7 signed 14 financing contracts worth a total of RON34.5 million (EUR7 million), through the Modernization Fund, for investments in photovoltaic panels.
Concrete prefab manufacturer Prebet Aiud (PREB.RO) has informed investors in a stock market report on Friday (June 7) about the conclusion, as seller, of a contract worth nearly RON334 million for the supply of prefabricated products,
Transilvania Investments Alliance’s (TRANSI.RO) executive board has called shareholders for a meeting on July 11 to vote on the sale of the stake Nova Tourism Consortium SA holds in Societatea Hoteluri Restaurante Sud SA.
The first direct flight from Romania, Bucharest, to the United States of America, in New York, after a 20-year break, was operated on Friday (June 7) by airline HiSky, from the Henri Coanda (Otopeni) International Airport.
Romania's economy inched up 0.1%, in unadjusted data, and grew by 1.8% In seasonally adjusted data, in the first quarter of 2024 compared to the same period of 2023, in line with provisional (1) estimates from the country's statistics board INS.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 14.6% in unadjusted data and by 9.5% when adjusted for seasonality and number of working days, in April 2024 compared to April 2023, as per data from the country’s statistics institute INS.
Law firm Filip & Company assisted, as lead counsel, Digi Romania and Digi Communications in contracting a term loan of EUR150 million that will be used to refinance EUR450 million bonds issued in 2020 falling due in 2025.
Passenger car sales with rise by 1.7% in Romania in 2024 yearly, and those of light commercial vehicles will inch up by 0.6%, reveals PwC Autofacts report drawn up in Romania, Poland, Czechia, Hungary and Slovakia.
OMV Petrom, Romania’s largest oil and gas company, is strengthening its partnership with Renovatio via the acquisition of a 50% stake in three photovoltaic projects totaling 130 MW.
Entrepreneurial company Grup Serban Holding, active in several fields of agriculture, takes into account using mechanisms made available by the Bucharest Stock Exchange, either share capital increases of bond issues, to accomplish its development plans, as it needs funding of around EUR50 million, says its CEO Nicolae Serban.
Huawei Technologies, the Romanian subsidiary of China's giant Huawei, reported a turnover of RON1.6 billion (nearly EUR325 million) for 2023, down 15% compared to 2022, as per finance ministry data.
Antibiotice Iasi, (ATB.RO) the largest Romanian-owned pharmaceutical producer, will receive EUR100 million in EU funding for the production of drugs such as antibiotics, for which there are no therapeutic alternatives. The announcement was made in Iasi by the Minister for Investments and European Projects Adrian Caciu, who visited the industrial site.19015 items