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ING Bank Romania posted total revenue of RON877 million in the first quarter, up 11.2%, and net profit of RON347 million, 1% higher than in the year-ago period, the bank said on Monday.
State-run Hidroelectrica (H2O.RO) announced during an event on May 24 that it had a RON1 billion investment budget to be used in 2024-2028 for Uzina Constructoare de Masini Hidroenergetice (UCMH), a business sold by UCM Resita (UCM.RO) to the green electricity producer.
Grampet, the largest private railway group and logistics operator in Romania and Central and South-Eastern Europe, held by Gruia Stoica, is opening a transshipment terminal for agricultural products from Europe, located in Dornesti (Suceava County), on the border with Ukraine.
Fırat Elhüseyni will be appointed President and CEO of Ford Otosan Craiova, effective June 1, replacing Müjdat Tiryaki, who will take on new responsibilities at the company's headquarters in Türkiye as Next Generation Manufacturing Lead.
Private lending in Romania went up 5.8% to RON391 billion in April 2024 compared with April 2023, central bank data showed on Monday (May 27, 2024).
The numbers in the 2024 budget of Banca Transilvania, the largest lender in Romania, a 20% higher profit of RON3 billion, 10% higher assets of RON179 billion and RON9.2 billion interest income for Banca Transilvania alone, do not include the acquisition of OTP Bank Romania, the management of the Cluj-based lender said.
Renovation Solar, a major player in the field of solar energy and green tech in Romania, has completed the installation of 650 photovoltaic panels on buildings ANA Hotels (office building) and Crowne Plaza (hotel) of Bucharest, owned by businessman George Copos.
Romania’s natural gas transmission company Transgaz has announced at the Bucharest Stock Exchange that international rating agency Fitch has affirmed the rating of the company at 'BBB-' outlook stable.
Pitesti-based Roweb Development, specialized in software development services, for 2023 reported RON31 million turnover, 14% higher than in 2022, and net profit of over RON5.4 million, up 24%.
Supermarket and proximity store network Mega Image, owned by Dutch-Belgian group Ahold Delhaize, ended 2023 with turnover worth around RON9.9 billion, up 13.4% from 2022, in line with ZF calculations based on company data.
German group ZF, which has plants in Roman, Oravita, Lupeni and Marghita, seeks to hire 400 engineers at the R&D services center of Timisoara.
Intesa Sanpaolo Romania, the local subsidiary of the Italian banking group of the same name, in Q1/2024 registered EUR5 million net profit, 2.5 times bigger than the gain of the same period of 2023.
The investment level planned by the six largest drug makers in the plants they have in Romania reaches RON350 million in the 2024-2025 period, in line with ZF calculations, as projects are starting to shape up.
Allianz-Tiriac, the second largest insurer in Romania, ended 2023 with RON3.5 billion underwritings, up 21%, and RON346 million, 44% higher than in 2022.
One United Properties (ONE.RO), one of the largest real estate local investors and developers, has signed a ten-year lease with DP World Romania, a provider of logistics and supply chain solutions, for 700 square meters in the Class A One Cotroceni Park office building.
Outsourcing service provider Genpact Romania continues national expansion and opens an artificial intelligence innovation center, its officials said at an event organized at the new location.
Bogdan Neacsu, the chief executive officer of CEC Bank, the third largest lender in Romania by assets, has got his second term as chairman of the Romanian Association of Banks (ARB), after having been elected to the position in May 2021.
The Financial Supervisory Authority (ASF) has approved the prospectus for the initial public offering of 10 million shares for the listing of JT Grup Oil, a fuel wholesaler based in Navodari, on the Multilateral Trading System of the Bucharest Stock Exchange, the AeRO market.
Redport Capital, one of the most dynamic local housing developers, has started works for phase three of The Level Apartments project as it got the building permit.
Medima Health, a player on the medical imaging market set up four years ago, wants to reach 22 clinics by end-2024, after having already opened two units in Deva and Resita.19759 items