Found 19058 news
PR agency Golin Romania, one of the leading Public Relations agencies on the local market, has announced the appointment of Cristina Butunoi to the position of Executive Director.
Electrica has announced on Wednesday (Feb 28) that its shares have been admitted for the first time ever for inclusion in the FTSE Global Equity Index Series (GEIS), and that the effective entry into FTSE Russell indices will take place starting with the trading session on 18 March 2024.
Investimental, the newest broker on the Romanian capital market, has reached 1,000 retail investors in Romania, who collectively manage some 3,200 trading accounts, investing in the Romanian and the US markets.
The optimism regarding the economic evolution in Central Europe is growing, according to the latest Deloitte Central Europe Private Equity (PE) Confidence Survey, as the share of respondents who expect overall economic climate to improve went up to 42 percent, from 15 percent, in the summer of 2023.
The volume of real estate deals in 2023 declined to around EUR476 million, less than half the 2022 record high, but the market is likely to slightly rebound this year, to around EUR500 million, reveals an analysis by Colliers.
Infinity Capital Investments registered revenues worth RON100.6 million in 2023, down 48%, and RON7.6 million net profit, 58% lower than in 2022, impacted by the dynamic of dividend income.
Romanian aircraft parts maker Romaero (RORX.RO), which entered insolvency amid financial distress, on Tuesday (Feb 27) announced that the provisional judicial administrator and the special administrator decided to appoint Bogdan Costas to the position of Chief Executive Officer (CEO) for a four-year term of office, until February 27, 2028.
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, ended 2023 with a turnover of RON593.36 million, up 9.7% from RON535.85 million in 2022.
Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, has exchanged a plot of land of 5,862 square meters for 50 apartments and 66 parking spots of 3,784 sqm from the portfolio of real estate developer Novum Business Invest.
Romania's car production returned in January 2024 to the level before the Covid-19 pandemic, for the first time in the last five years, as per data from the country's carmakers association ACAROM.
Transavia, a leading poultry producer in Romania, which was founded 33 years ago by entrepreneur Ioan Popa, ended 2023 with a turnover of over RON1 billion (nearly EUR202 million) and expects its turnover and profit to double until 2026.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) reported net profit of RON16.2 million for 2023, down 76.3% vs 2022, and a turnover of RON477.1 million, down 74.6% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's annual preliminary financial report.
Arctic Stream (AST.RO), an IT infrastructure and security integrator, ended 2023 with a 35% increase in its net profit and a 54% surge in revenue versus 2022.
Hungarian construction company Kesz, which has built several plants and real estate projects in Romania, is set to develop its first own residential project in Romania.
Shipbuilder Santierul Naval Orsova has sealed a new commercial contract, worth EUR3 million, for the construction and delivery of a river vessel for Netherland’s Rensen-Driessen Shipbuilding.
While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in 2023 lagged 2019 by 9%, the ADR surpassed it by 23%, resulting in a 12% RevPAR growth, according to data from the real estate consulting company Cushman & Wakefield.
Cybersecurity company Safetech Innovations (SAFE.RO) reported a turnover of RON31.1 million, at an individual level, down 11% compared to 2022, and net profit of RON9.7 million, down 5% on the year, as per the company's preliminary financial results published at the Bucharest Stock Exchange on Tuesday (Feb 27).
Aro-Palace (ARO.RO), the company that manages two hotels in Brasov, reported net profit of RON35.2 million for 2023, compared to a loss of RON708,200 in 2022, and revenue of RON80.5 million, up 125% vs 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's annual preliminary financial report.
Aquila Part Prod Com, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, has got the greenlight from the Competition Council to take over Romtec Europa and has finalized the deal totally worth EUR3.2 million.19058 items