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CEC Bank, a lending institution controlled by the Romanian state via the Finance Ministry, in 2023 registered an estimated unaudited net profit worth RON515.8 million, up 15%.
The hotel sector continued its rebound in 2023, with a sustained increase in leisure tourism, with the number of Romanian tourists accommodated in local hotel structures nearing 7 million, very close to a record high, and also above the average of pre-pandemic years, reveals Colliers’ annual report.
Patria Bank (stock symbol: PBK) has informed investors in a stock market report on March 18 that Romania's National Bank approved the appointment of Grigore-Valentin Vancea to the position of Chief Executive Officer (CEO) and member of the Executive Committee of Patria Bank.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, inched up to 6.08% a year on Monday (March 18) after edging down to 6.07% a year on Friday (March 15).
Hexing Technologies Europe SRL, a subsidiary of Hexing Group, a provider of green energy solutions, listed at the Shanghai Stock Exchange, has leased 8,000 square meters within the Timisoara I Industrial Park project, held and operated by Globalworth.
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted pre-tax profit of EUR92 million in Romania in 2023.
Romania's Finance Ministry raised RON807 million from banks on Monday (March 18, 2024), selling benchmark bonds with a scheduled value of RON600 million due in April 2031, at an annual average yield of 6.58%.
Gym network Stay Fit Gym, one of the largest actors on this market in Romania, plans to develop fast in the next two years. It seeks to go from 35 gyms in 15 cities at the moment to 55 by the end of 2025, cofounder Alexandru Lascar says.
Swiss building materials company Sika is expanding its Romania operations after inking a contract to lease 4,500 square meters of logistic and office spaces in ELI Park 4, a project part of the portfolio of ELI Parks, a major developer on Romania’s real estate logistic and industrial market.
Bucharest ranks among the major European cities with the lowest housing prices and the highest affordability ratios, in line with data from real estate consulting firm Cushman & Wakefield Echinox.
EY assisted Delgaz Grid SA and Retele Electrice Banat SA in readying funding applications for investments in electricity grid expansion and modernization.
Building materials wholesaler Sipex Company, in 2023 posted RON313.4 million turnover, 7.4% higher than in 2022.
Local software developer WE AS WEB ended 2023 with EUR25 million turnover. 2.5 times higher than in 2022, and profit of around EUR4 million, double the 2022 level.
Lactate Natura, a dairy producer of Targoviste, is putting up for auction the company’s asset, which includes a land plot, buildings and movables, machinery.
Aerostar Bacau, a company that repairs and retools military aircraft, is convening its shareholders to approve the disbursement of a gross dividend of RON0.21 from 2023 profit, the equivalent of RON32 million.
Agricultorul-Panimon group wants to expand its own flour and bakery brand, Panimon, countrywide, explained Ovidiu Bucataru, CFO of the group.
One United Properties with almost 2,300 apartments, Ionut Negoita with another 1,330 and Exigent with almost 1,300 are the most dynamic developers in 2024, having the highest number of housing units under construction, in line with data collected by SVN Romania.
Millenium Insurance Broker (MIB), an insurance broker majority owned by mobility network Autonom Services, is summoning its shareholders to approve, among others, the distribution of RON2.3 million as dividends.
The proposal of OMV Petrom's Executive Board for the distribution of dividends in the amount of RON2.5 billion for the financial year 2023, namely a gross dividend of RON0.0413/share, was approved by the company's Supervisory Board.
State-run nuclear power producer Nuclearelectrica (SNN.RO) made a term deposit of RON250 million with state-run lender CEC Bank on Thursday (March 14), the company announced in a stock market report on March 15.19759 items