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Builder SSAB AG of Bacau, which built the Ikea store in Timisoara and several plants and warehouses, posted 51% growth in revenue to RON599.7 million in 2023, the latest data on the Finance Ministry website show.
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, held by Valer Blidar, ended last year with over RON600 million revenue, more than double the previous year.
Centrom SRL and Cert Master Standard SRL, which own 5.8% in Meta Estate Trust (MET.RO) holding company operating in real estate sector, have requested an amendment to the agenda of the Extraordinary General Meeting of Shareholders on April 25-26 to include an item about a program of issuance of non-convertible bonds.
Electricity supplier and distributor Electrica (EL.RO) has announced in a stock market report on April 11 that Sunwind Energy, its subsidiary, signed an EPC (Engineering, Procurement & Construction) contract for the "Satu Mare 2" project.
Alternative investment fund Lion Capital (LION.RO), formerly known as SIF Banat-Crisana, has summoned the ordinary and extraordinary general meetings of shareholders for April 29-30, 2024 to vote, among others, on distributing the 2023 net profit.
Flanco, one of the largest local retailers of IT&C, electronics, and home appliances, will undergo a rebranding process as it aims to reposition itself as the first smart electro-IT discounter in Romania.
Romania's Finance Ministry raised RON580 million from banks on Thursday (April 11, 2024), selling benchmark bonds, above the planned value of RON400 million due in April 2031, at an annual average yield of 6.59%.
Bucharest's average office fit-out costs are among the lowest in Central and Eastern Europe (CEE) despite increasing by around 15-20% during the past 12 months, according to data from real estate consultancy company Cushman & Wakefield Echinox.
Romania's annual inflation decreased to 6.6% in March 2024, compared to 7.2% in February 2024 and 7.4% in January 2024, data from the country's statistics board INS showed on Thursday (April 11).
Chemical compound Chimcomplex Borzesti has announced approval of the "Precautionary Measures and Accelerated Development Plan" for 2024, which includes a reduction of allowances for board of directors members and directors, the decision of not distributing dividends and the acceleration of its production activity in the direction of green chemistry.
Dragos Damian, CEO of Terapia Cluj, announced in an interview with ZF the company has over EUR10 million worth of investments underway in new manufacturing technologies, expansion of end product warehouse, a solar park and the regeneration of the production site.
Freshful, eMAG’s online hypermarket, ended 2023 with turnover worth almost EUR100 million, according to Andrei Popescu, general manager of Freshful by eMAG, and for 2024 aims to boost turnover by at least 50%.
Electric cable producer RCB Electro 97 of Bistrita, controlled by entrepreneurs Calin Onita and Francisc Kontra, for 2023 reported turnover worth RON225.4 million (EUR45.6 million), down 5.8% on the year. Net profit reached RON9.28 million (EUR1.9 million), 30% lower than in 2022.
Local company DAAS, one of the leading suppliers of equipment for hotels, restaurants and food stores, held by Italian group EPTA, ended 2023 with a turnover of EUR50 million, similar to 2022 level.
The Oltean Family from Reghin, which owns the Maviprod-IRUM group of companies, targets a consolidated turnover of almost EUR59 million in 2024, up 5% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on company data.
Integrated meat and meat products manufacturer Ferma Zootehnica, controlled by Lazar family, targets a turnover of almost EUR54.4 million in 2024, up 5% from EUR51.8 million in 2023.
The Board of Directors of chemical compound Chimcomplex Borzesti (stock symbol CRC), the leading producer and supplier of vital chemical substances in the region, said in a stock market report that it has appointed British citizen Steve Hunt to the position of Chief Executive Officer of the company, for a four-year term.
Airline HiSky will operate five flights per week on the Oradea-Bucharest route and back, and three flights per week on the Oradea-London route and back, Bihor County Council said in a press release.
Retailer Auchan is opening the first discount hypermarket under the Atac brand, in Romania's central city of Brasov.
Romanian company System Innovation Romania, an integrator of end-to-end business software solutions and a partner of SAP Business One locally, saw its 2023 turnover increase by over 21%, to over EUR2.6 million, company representatives said in a statement.19029 items