Found 19015 news
Microsoft Romania, the local subsidiary of US giant Microsoft, reported net loss for the first time since 2000, as per the company's balance sheet submitted to the Finance Ministry.
Natural gas producer and supplier Romgaz (SNG.RO) has announced in a stock market report on Friday (May 31) that the general meeting of shareholders rectified the company's budget of revenue and expenditure for 2024.
Romania's Aerostar Bacau, a company that repairs and retools military aircraft, and US Lockheed Martin partnered up and inaugurated Europe’s first certified HIMARS Sustainment Center, in Bacau (eastern Romania).
Danube freight carrier Transport Trade Services (TTS.RO) has announced in a stock market report on May 31 the intention of the Board of Directors to convene the extraordinary general meeting of shareholders on July 1, when they are expected to vote on a share capital increase in the amount of RON120 million.
Mamaia seaside resort will host the first Radisson Blu Hotel, a project to be developed by Monarc Properties, a real estate developer specialized in developing luxury hotel and residential projects.
Iproeb Bistrita (IPRU.RO), one of the largest local manufacturers of electrical cables and conductors, ended the first quarter of 2024 with net profit of RON7.3 million, fivefold higher (+410%) than the level reported in the same period of 2023, as per the company's data from its quarterly financial report.
Italy's Intesa Sanpaolo Group has officially completed the acquisition of First Bank Romania from US private investment firm J.C. Flowers, and thus climbs in the ranking of ten largest banks in Romania.
In 2023, the actual weekly working hours for people aged 20-64 in their main job, across the European Union, averaged 36.1 hours, according to the latest survey by Eurostat, the European Statistics Office.
Cris-Tim, a cold cuts and dairy producer held by the Timis family, plans to invest over EUR75 million in the coming period in order to develop the company.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has announced in a stock market report on May 30 that it closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania, with over 400 charging points and growth prospects to approximately 650 by 2026.
PC Garage, the company managing one of the largest online computer and electronics stores in Romania, part of eMAG group, reported net profit of over RON7 million (EUR1.4 million) for 2023, up nearly 68% from RON4.2 million (over EUR844,700) reported in 2022.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has continued to stagnate over the course of May, staying at 6.04%-6.05% a year, staying put at 6.04% on May 31 too.
If Romania widely adopts generative artificial intelligence, the country's GDP could increase by EUR14-16 billion, or by 5%, in the next ten years, according to the study “The economic opportunity of AI”, commissioned by Google.
Romanian authorities issued 3,578 residential building permits in April 2024, 17.8% more than in March 2024 and 33.7% more than in April 2023, data from the country’s statistics board INS showed on Friday (May 30, 2024).
Impetum Investments, part of the Impetum Group, is carrying out an initiative to finance its investments through a program of corporate bond issue guaranteed with the shares held in the companies included in the company's portfolio, as per data provided by Ziarul Financiar (ZF) daily.
Electronic device maker Visual Fan (ALW.RO), owner of Allview brand, announced a consolidated net profit of RON0.9 million for the first three months of 2024, down 10.5% on the year, and a turnover of RON18.5 million, down 15.6% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's quarterly financial report published at the Bucharest Stock Exchange.
Norofert (NRF.RO), one of the largest input producers in Romania, announced for the first quarter of 2024 a consolidated net profit of RON77,400, down 95.3% from the same period of 2023, and a turnover of RON11.6 million, down 7% on the year, according to the financial statements, under the International Financial Reporting Standards (IFRS), published at the Bucharest Stock Exchange.
Horváth Romania, part of international management consulting group Horváth, reported revenue of nearly EUR8 million for 2023, up 21% from 2022.
Natural gas producer and supplier Romgaz (SNG.RO) is calling its shareholders for a meeting on July 1, 2024 to approve, among others, two loans under the form of credit lines, one from Banca Transilvania, in the amount of EUR150 million, and one from UniCredit, in the amount of EUR100 million.
BCR Leasing, the financial leasing company held by BCR Group, granted total financing of RON4.27 billion to its clients in the first quarter of 2024, up 18% from the same period of 2023, as per company data.19015 items