Found 19015 news
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, reached more than 50 points in April, which could be the first clear sign of rebound for the Romanian manufacturing sector, although the recovery is expected to be non-linear, a report by Erste Group published on Thursday shows.
BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90% year-on-year, amid net interest income of RON166 million, 101% higher, in line with ZF calculations based on the company’s financial report.
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million net profit, up 21%.
Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center of Targu Mures, previously known as Promenada Mall.
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as a result of increased operating expenses, higher personnel costs, IT investments.
Star Storage, one of the best-known local IT companies, which entered insolvency this January with total debts of RON52 million, in 2023 registered a RON4.5 million net loss and RON32.8 million turnover, up 12% from 2022.
Cristian Pandel, CEO of tour operator Christian Tour, a major player on Romania’s tourism market, plans to acquire some market players to expand the company. The travel agency is already in talks to take over some market operators.
Fox Com Serv, the largest company part of Fox group, operating in the field of meat processing, in 2023 generated RON477 million turnover, up 33% from 2022.
The company F64 Studio, which operates Romania’s biggest photo-video equipment retailer, ended 2023 with a turnover of RON150.7 million, up nearly 10% compared to RON137.3 million reported for 2022, in line with data published on the finance ministry website.
Chemicals producer and supplier Chimcomplex Borzesti (CRC.RO) has budgeted RON80.5 million net profit for 2024, up 7.3% compared with last year, when it shrank from RON266 million to RON75 million.
Cosmetics and consumer goods producer and distributor Sarantis, held by the Greek group by the same name, reached a turnover of RON531 million in Romania in 2023, up nearly 15% versus 2022, and thus maintained a growth pace similar to that in the previous financial year, in line with calculations by Ziarul Financiar (ZF) daily based on data available on the finance ministry website.
Supply on the real estate market in Romania continued to shrink in the first quarter of 2024, increasing only in Brasov of all regional centers, imobiliare.ro data show.
Piletilevi Group, the largest and best-known ticket sales platform in the Baltic states, which bought the majority stake in Bilete.ro in summer 2023, continues its expansion in the region with the acquisition of a majority stake in two Polish ticket sales companies – kicket and Biletomat, respectively.
The shareholders of Danube freight carrier Transport Trade Services (TTS.RO) approved in their general meeting of April 30, 2024 the distribution of RON68.4 million as dividends, from the 2023 profit.
Cometex, the real estate division of Altex Group, the leader of the Romanian electro-IT market and one of the three leading Romanian entrepreneurial companies, will be opening on May 1, in the town of Valenii de Munte, a retail park of 3,000 square meters, following an investment of over EUR5 million.
Agroland Business System (AG.RO), which owns the largest farm supply store chain in Romania, has budgeted, at consolidated level, net sales of RON344.6 million for 2024, up 23% compared to the result reported in 2023, and an operating profit of RON22.1 million, up 98% on the year.
The Competition Council assessesthe transaction whereby the EOS Group, through EOS Credit Funding DAC and EOS Finance IFN S.A., intends to take over a portfolio of performing and nonperforming receivables from BRD Finance IFN S.A.
ROCA Management, the manager of private equity company ROCA Investments, has become a member of the Romanian Fund Managers Association (AAF), which numbers 28 investment management companies (SAI) and alternative investment fund managers (AFIA).
Romania's Competition Council has approved the operation by which Rheinmetall Landsysteme GmbH intends to take over Automecanica Mediaş SRL and its subsidiary, Atelierele Speciale Autocamioane Mediaş SRL.
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 April, staying at 6.05% a year on April 30 too.19015 items