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Telekom Romania Mobile, the fourth mobile telephony operator in Romania, recorded loss in 2023 too, lower revenue and a lower average number of employees, in line with data from the balance available on the finance ministry website.
The total value of exports of raw and processed tobacco products, such as cigarettes and tobacco consumables for heating products, reached EUR1.68 billion in 2023, higher by EUR200 million compared to 2022, in line with the latest data released by Romania's statistics board INS.
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in the next 12 months, while the inflation rate will average 5.73%, up from 5.33% from the previous survey.
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, has been selected by the Bucharest City Hall in an auction for the contracting a RON150 million loan to be used for the acquisition of 100 electrical trolleybuses.
Rating agency Fitch has assigned Romgaz, a natural gas producer and supplier controlled by the Romanian state, investment grade credit rating “BBB-“ with a stable outlook.
Local company Senior Software, which specializes in development and integration of IT systems for business management, in 2023 generated net profit worth over RON10 million, up 44% year-on-year.
The Bucharest Stock Exchange (BVB) announced in a stock market report on May 21 that it would start a share buyback program from May 22, which was approved by shareholders on April 24, 2024.
Bistrita-based car battery manufacturer Rombat, controlled by the South African group Metair, ended 2023 with a turnover of RON512.6 million (EUR103.6 million), up 1.6% from nearly RON504.5 million (EUR102.3 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating five flights from the Sibiu International Airport to Nuremberg and Stuttgart (Germany), Milan-Malpensa and Rome-Fiumicino (Italy) and Barcelona (Spain) starting with July 20, 2024.
Honey producer Apidava from Alba County sold honey and honey-based products worth EUR9.4 million, in 2023, compared to nearly EUR8 million in 2022, Alina Mates-Ochis, sales&marketing manager Apidava, told Ziarul Financiar (ZF) daily.
Simtel Team, a Romanian engineering and tech company and a national leader in renewable energy, ended the first quarter of 2024 with net profit of RON4.96 million, up 199% compared to the same quarter of 2023.
The Romanian M&A market is among the top four M&A markets in the region in terms of deal volume and is increasingly gaining visibility with international investors and developing a strong local investor base, notes Razvan Butucaru, Partner, Financial Services & Advisory Leader, Mazars in Romania, in an analysis by the international audit and tax advisory firm.
Affidea, the largest player in the medical imaging services market in Romania, has completed the acquisition of MedEuropa radiotherapy centers, a deal announced in March 2024. The first step for the new MedEuropa shareholder is a EUR15 million investment in Iasi in a new radiotherapy center.
Garanti BBVA Romania will contribute EUR48 million to the syndicated loan of EUR435 million contracted by Ford Otosan Romania.
Romania's finance ministry on Tuesday (May 21) taps external markets for the third time in 2024, selling euro-denominated bonds with 8 and 13-year maturities.
The project to extend Line 4 of Bucharest subway that runs from Straulesti to Gara de Nord to Gara CFR Progresul (Progresul train station) will generate new development opportunities in the south of Bucharest, iO Partners, a real estate consultant based in Vienna, notes in a report.
Romania's real estate investment market ended the first quarter of 2024 with transactions of EUR202 million, 69% more than in the same quarter of 2023, with deals in the retail segment accounting for around two-thirds of the volume, as per Colliers' "CEE Investment Scene Q1/2024” report.
The number of job vacancies reached 35.0 thousand in the first quarter of 2024, marking an increase of 1.7 thousand compared to the previous quarter, data from the country’s statistics board INS showed on Tuesday (May 21).
Half of working women experience a higher stress level than a year ago, and a similar share (49 percent, higher than 2023) say they don’t feel supported by their employer to balance work responsibilities with personal life commitments, as per the Deloitte Women @ Work 2024 study, conducted globally.
Some of the suppliers of footwear retailer Benvenuti closed the factories they had in Romania and moved them to countries where wages are lower, says Adrian Cazu, Benvenuti’s development & retail manager.20563 items