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Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will average 5.33%.
Raiffeisen, the Romanian subsidiary of the Austrian group of the same name, will distribute dividends worth RON860 million, namely half the record high profit of 2023.
Spyrosoft Solutions SRL, the local subsidiary of Poland’s software engineering company, in 2023 registered RON46 million turnover, over fourfold bigger than in 2022.
German retailer Kaufland has opened a new unit, in Nasaud city, Bistrita-Nasaud county, thus reaching a network of 178 hypermarkets nationwide.
Cristian Rusu, the entrepreneur who bought back Casa Rusu-Rus Savitar group from the investment fund Greenbridge to which he had sold it in 2019, says that since late last October, when he reentered its shareholding structure, he has taken a series of measures to gradually bring the business back to growth.
The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian Software - the industry leader - in the coming years.
Upholstered furniture manufacturer Mobila Dalin based in Reghin (Mures County) ended 2023 with a turnover of almost RON48.9 million (EUR9.9 million), down almost 8% from RON53.2 million (EUR10.8 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
The shareholders of electricity supplier and distributor Electrica (EL.RO) on April 25 approved the distribution of dividends in the amount of almost RON40 million, from the 2023 net profit.
The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of a gross dividend of RON1.1725 per share from the net profit of 2023, as per a stock market report published at the Bucharest Stock Exchange.
Real estate developer One United Properties (ONE.RO) has notified the stock market about the decision of its shareholders to approve a corporate bond program of up to EUR300 million to streamline financing cots and refinance some loans.
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report that its shareholders approved, in their general meeting of April 25, the distribution of dividends in the amount of RON1.12 billion, with the bulk going to the state budget.
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, has announced in a stock market report that its shareholders approved, in their extraordinary general meeting of April 25, the distribution of dividends in the amount of RON1 billion from the 2023 profit.
Autotehnorom, a construction company in Suceava owned by the Ripan family, posted about RON200.9 million (EUR40.6 million) revenue in 2023, down 25.5% from the previous year’s RON270 million (EUR54.7 million), according to ZF calculations based on data from the Finance Ministry website.
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, is launching a public offering for the sale of 10 million new shares issued following a share capital increase, and is announcing its listing on the AeRo market of the Bucharest Stock Exchange.
Radisson Blu Hotel Bucharest will open the NAMI Beach Club & More relaxation center in June, following a EUR1 million refurbishment process.
COS (Corporate Office Solutions), the leading provider of design solutions and furniture mostly for office spaces, held by investment fund SARMIS Capital, ended 2023 with a turnover of EUR29 million, up 3.5% on the year, and its net profit stood at EUR1.3 million, slightly lower than the result reported in 2022.
The deadlock in the Romanian IT market, characterized by layoffs, project suspensions, and the current political-economic context could end this year, OVES Enterprise, a Romanian software development company and drone manufacturer, said in a press statement on April 25, 2024.
ONV LAW, one of the most dynamic law firms in Romania, has announced in a press statement on April 25 that it is expanding its team with six new lawyers, as a result of a 20% increase in its project portfolio in the first three months of the year.
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average yields of 6.24% and 6.82%, respectively.
CEE startup nPloy, which developed an online job ad platform and launched in Romania early in 2023, has expanded its job ad offering with work-from-anywhere remote jobs in the tech industry, the company said in a release.19015 items