Found 19015 news
NN Pensii, Romania's largest Pillar II private pension fund and the leading investor at the Bucharest Stock Exchange, in April slightly reduced its exposure in OMV Petrom (BSE:SNP), the only oil and gas producer in Romania.
Home appliances producer De’Longhi Romania, the largest exporter in Cluj County, ended 2023 with a turnover of RON2.443 billion (nearly EUR494 million), up nearly 17% from RON2.089 billion (EUR423.7 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
German-held discount store chain Lidl, the leader of the local grocery retail by 2023 sales (RON22 billion), has put up for sale the warehouse it owns in Nedelea, Prahova County. The warehouse has a surface area of 38,054 square meters or almost 4 hectares.
Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgian group BMT, ended 2023 with a turnover of RON194.8 million (EUR39.4 million), up 18.1% from RON164.9 million (EUR33.4 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Allianz-Tiriac, the second largest insurer in Romania, ended the first quarter of 2024 with a volume of gross underwritten premiums of RON910 million, up 7% on the year, with the biggest increase, of 27%, being recorded by the life insurance segment, as per data provided by company representatives.
IT infrastructure and security integrator Arctic Stream (AST.RO) on Wednesday notified the stock market of a recently started inspection by the Competition Council targeting several companies in the Romanian IT sector, a report filed with the Bucharest Stock Exchange shows.
Paint manufacturer Policolor - Orgachim ended 2023 with consolidated revenue of EUR71.2 million and expects it to reach EUR77.7 million in 2024, the group announced on Wednesday.
The ten largest stockbrokers on the Bucharest Stock Exchange, i.e. those financial investment companies unaffiliated to banking groups, ended 2023 with RON235 milion revenue together, an increase of 13% on 2022 and significantly improved profitability after gaining new clients.
Belgian-held real estate developer Liebrecht & wooD, whose projects include West Park Retail Militari and East Park Retail Pallady, announces continuation of investment in the east of Bucharest.
Endeavor Romania and UniCredit Bank have concluded a strategic partnership which will facilitate the access to financing and resources for companies founded by Romanian entrepreneurs.
The shareholders of Romanian building materials producer Cemacon (BSE:CEON) have approved the delisting of the company from the Bucharest Stock Exchange (BSE), within an operation to be intermediated by stockbroker Estinvest, as per a stock market report released on June 5.
The level of inflation on the markets of Central and Eastern Europe is expected to rise or stay above the target ranges of central banks by the end of 2024, as April brought renewed prices increases in Poland, Czechia and Hungary, after a year when inflation registered a stronger-than-expected decline in the region, shows an analysis conducted by Allianz Trade.
Holcim Romania, one of the largest producers of construction materials in Romania, by turnover, announces the appointment of Remus Viscol to the position of Managing Director of the Aggregates Division.
MAGNOR holding, a Romanian-held company specializing in pawnbroking and money exchange services, ended 2023 with RON100 million turnover, up 25% from the previous year.
Turkish furniture producer Adore Home, active on the Romanian market since 2022, expects EUR3 million turnover on the local market, 2.3 time higher than the EUR1.3 million level of 2023.
Transelectrica has announced at the bourse the new tariff for system services that will apply for all end clients starting June 1 for electricity extracted from the company’s networks.
Steel pipe and profile maker Mairon Galati, held by the Miron family, ended last year with RON1.87 billion revenue, down 26% from the previous year, Finance Ministry data and ZF’s calculations show.
Network One Distribution (NOD), Romania’s largest IT equipment distributor, exceeded the RON2 billion turnover threshold in 2023, reporting a total RON2.06 billion (EUR415.4 million), up 14.8% from 2022, as per data sent by the company to the finance ministry.
Duvenbeck Logistik, one of the largest transportation and logistics companies locally, ended 2023 with a turnover of almost RON443.8 million (EUR89.7 million), up 5.2% from RON421.6 million (EUR85.5 million) in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Automotive safety systems manufacturer Autoliv Romania, the local subsidiary of Swedish group Autoliv, reported a turnover of over RON6 billion (EUR1.2 billion) for 2023, up 23.3% from RON4.87 billion (EUR989.4 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.19015 items