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Horse Romania, the local unit of HORSE Powertrain Limited, has started manufacturing the HR12 1.2-litre gasoline engine for the new Duster III.
Aluminum aircraft parts maker Universal Alloy Corp, a member of the Montana Group of Austrian entrepreneur Michael Tojner, ended last year with RON1.2 billion revenue, up 38% from the previous year, public data from the Finance Ministry show.
Five-star JW Marriott Hotel in Bucharest ended 2023 with revenue of RON175 million, up nearly 14% from 2022, as per finance ministry data, thus reporting new record revenue.
In the context in which the number of investors in mutual funds increased by 20,000 in April 2024 versus March and by 78,000 so far in 2024, all large asset management companies in Romania saw significant increases in assets, with BRD AM becoming the largest local investment management company, managing assets worth RON4.7 billion.
NN Pensii, Romania's largest Pillar II private pension fund and the leading investor at the Bucharest Stock Exchange, in April slightly reduced its exposure in OMV Petrom (BSE:SNP), the only oil and gas producer in Romania.
Home appliances producer De’Longhi Romania, the largest exporter in Cluj County, ended 2023 with a turnover of RON2.443 billion (nearly EUR494 million), up nearly 17% from RON2.089 billion (EUR423.7 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
German-held discount store chain Lidl, the leader of the local grocery retail by 2023 sales (RON22 billion), has put up for sale the warehouse it owns in Nedelea, Prahova County. The warehouse has a surface area of 38,054 square meters or almost 4 hectares.
Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgian group BMT, ended 2023 with a turnover of RON194.8 million (EUR39.4 million), up 18.1% from RON164.9 million (EUR33.4 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Allianz-Tiriac, the second largest insurer in Romania, ended the first quarter of 2024 with a volume of gross underwritten premiums of RON910 million, up 7% on the year, with the biggest increase, of 27%, being recorded by the life insurance segment, as per data provided by company representatives.
IT infrastructure and security integrator Arctic Stream (AST.RO) on Wednesday notified the stock market of a recently started inspection by the Competition Council targeting several companies in the Romanian IT sector, a report filed with the Bucharest Stock Exchange shows.
Paint manufacturer Policolor - Orgachim ended 2023 with consolidated revenue of EUR71.2 million and expects it to reach EUR77.7 million in 2024, the group announced on Wednesday.
The ten largest stockbrokers on the Bucharest Stock Exchange, i.e. those financial investment companies unaffiliated to banking groups, ended 2023 with RON235 milion revenue together, an increase of 13% on 2022 and significantly improved profitability after gaining new clients.
Belgian-held real estate developer Liebrecht & wooD, whose projects include West Park Retail Militari and East Park Retail Pallady, announces continuation of investment in the east of Bucharest.
Endeavor Romania and UniCredit Bank have concluded a strategic partnership which will facilitate the access to financing and resources for companies founded by Romanian entrepreneurs.
The shareholders of Romanian building materials producer Cemacon (BSE:CEON) have approved the delisting of the company from the Bucharest Stock Exchange (BSE), within an operation to be intermediated by stockbroker Estinvest, as per a stock market report released on June 5.
The level of inflation on the markets of Central and Eastern Europe is expected to rise or stay above the target ranges of central banks by the end of 2024, as April brought renewed prices increases in Poland, Czechia and Hungary, after a year when inflation registered a stronger-than-expected decline in the region, shows an analysis conducted by Allianz Trade.
Holcim Romania, one of the largest producers of construction materials in Romania, by turnover, announces the appointment of Remus Viscol to the position of Managing Director of the Aggregates Division.
MAGNOR holding, a Romanian-held company specializing in pawnbroking and money exchange services, ended 2023 with RON100 million turnover, up 25% from the previous year.
Turkish furniture producer Adore Home, active on the Romanian market since 2022, expects EUR3 million turnover on the local market, 2.3 time higher than the EUR1.3 million level of 2023.
Transelectrica has announced at the bourse the new tariff for system services that will apply for all end clients starting June 1 for electricity extracted from the company’s networks.19759 items