Found 19015 news
Real estate developer One United Properties ended the first quarter of 2024 with RON419 million consolidated turnover, down 5% from Q1/2023, while net profit climbed 4% to RON157.3 million.
Cybersecurity company Safetech Innovation reported turnover worth RON11.7 million at individual level for the first quarter of 2024, up 95% from the year-earlier period.
Mandatory private pension funds (Pillar II) have in the past 16 years, since their launch in 2008, registered an average yield of 7.8% per annum, among the highest in Europe and OECD during this period, with the number of participants in the system now topping 8 million, namely the overwhelming majority of Romania’s working population, in line with data provided by the Romanian association for private pensions APAPR.
Centric IT Solutions SRL, the local subsidiary of Dutch software solutions provider Centric IT Solutions, in 2023 registered net turnover worth RON120.1 million, up 22% from 2022.
Draghici Dental group will invest another EUR1.8 million in 2024 in equipment for the new dental technique lab of Miroslava, Iasi county, which will drive total investments to around EUR4 million, explained Dan Draghici, founder of the group.
Amber Studio, a local video game developer with $45 million revenue in 2022, has decided to waive EUR2.7 million in state aid that came with an obligation to create 120 jobs in Botosani and Craiova, with a total investment of EUR4.6 million, according to a shareholders' meeting notice the company published.
Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35% compared with the year-ago period, the bank said in a report to the Bucharest Stock Exchange on Friday evening.
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, ended the first quarter of 2024 with net loss of RON9.7 million, on a consolidated level, compared to a negative result of RON2.7 million in the same period of 2023, according to its financial report sent to the Bucharest Stock Exchange on May 10.
Vegetable oil producer Argus Constanta (UARG.RO) announced in a stock market report on May 10 that it ended the first quarter of 2024 with a net loss of RON3.57 million, from profit of RON682,930 in the same period of 2023, mostly due to interest expenses associated with the loan contracted by the company for the purchase of raw materials.
OTP Bank Romania posted total income of RON219 million in the first quarter of 2024, an increase of 2% year-on-year, while the net profit shrank by 88% to RON2 million, as per the report published in Budapest, which presents the bank's results at a consolidated level, adjusted in accordance with the Group's standards.
Dan Niculaie Faranga has taken over in May 2024 the position of Chief Executive Officer of Tiriac Holdings, one of the largest Romanian entrepreneurial businesses.
Chemicals producer and supplier Chimcomplex Borzesti (CRC.RO) has completed a project aimed at investing in innovative technology for environmentally friendly polyol production, after the inauguration of one of Europe’s most modern polyol plants in 2022.
Romania's trade balance posted a deficit of EUR6.69 billion in January-March 2024, lower by 1.5% (or lower by EUR103.3 million), compared to the same period of 2023, data from the country's statistics board INS showed on Friday (May 10).
Private healthcare provider MedLife ended the first quarter of 2024 with pro-forma consolidated turnover worth RON647 million, up 22% from the year-earlier period, while net profit rose by 55.5% to RON13.1 million.
OMV Petrom, the largest integrated energy producer in Southeast Europe, and France’s Saint-Gobain, which owns several plants in Romania mainly producing building materials, have signed an agreement for the supply of electricity from renewable sources for all Saint-Gobain facilities in Romania.
Aerostar Bacau, a company that repairs and retools military aircraft, reported RON155.3 million turnover for the first three months of 2024, from RON124.7 million in the same period of 2023, the equivalent of a 24.5% increase.
Beverage wholesaler Amigo & Intercost of Odorheiu Secuiesc, Harghita county, in 2023 generated RON560 million turnover, up 7% from 2022, in line with ZF calculations based on Finance Ministry data.
Romanian state-run lender CEC Bank has financed more than 3,000 investment projects from European funds, in the last 17 years, according to Ramona Ivan, Director of Relations with National and International Institutions at CEC Bank.
Regia Autonoma Rasirom, an integrator of cyber and physical security solutions under the coordination of the Romanian Intelligence Service (SRI), ended 2023 with net profit of RON17.4 million, up 73% on the year, in line with finance ministry data.
Bucharest-based Donna Medical Center, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specializing in breast imaging, is looking into the possibility of expanding outside of capital city Bucharest, where competition is becoming fiercer.19015 items