Found 19075 news
Pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) has signed a EUR25 million loan agreement with the European Investment Bank (EIB), which will help finance the construction of new production facility.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first nine months of 2023 with a net profit of RON6.3 million, down 21% on the year, and operating revenue of RON82.6 million, down 13.3% on the year.
Romania's national grid company Transelectrica (TEL.RO), Abu Dhabi National Energy Company PJSC (TAQA), Meridiam, E-INFRA and Fluor have announced a strategic Memorandum of Understanding (MoU) for a feasibility study of a high-voltage direct current (HVDC) infrastructure project in Romania.
Farmland operator Holde Agri Invest (HAI.RO) on Friday notified the Bucharest Stock Exchange on the details of its capital increase to be conducted in November and December, which it intends to use to raise up to RON40 million, according to ZF’s calculations.
Romania's central bank has kept its inflation forecast at 7.5% for the end of 2023, according to the Quarterly Inflation Report presented by central bank governor Mugur Isarescu on Friday (November 10).
Investment fund manager SAI Certinvest has announced a 483% surge in subscriptions in the Certinvest BET Index fund in October 2023, compared to October 2022, amid investors' growing interest.
Joint-venture company RoPower Nuclear, equally owned by state-run nuclear power producer Nuclearelectrica, the operator of the Cernavoda nuclear power plant, and Nova Power&Gas from the E-INFRA group, announced that the project to build a 462 MW nuclear power plant with small modular reactors (SMR) designed and developed by US firm NuScale in Doicesti is going forward.
Car parts producer Compa Sibiu is contemplating a possible separation of some activity lines.
Aerostar Bacau, an integrated supplier to the global supply chains of major aerospace companies, posted RON362 million turnover in the first nine months of 2023, up 14% from the year-earlier period. On the other hand, net profit dropped to RON61 million from RON73.9 million.
Private healthcare provider MedLife posted RON1.64 billion operating income in the first nine months of 2023, up 23% from the year-earlier period. On the other hand, net profit plunged to RON3.8 million from RON57.8 million amid rising expenses.
The four-star hotel compound Mandachi Hotel & Spa of Suceava registered a 17.5% turnover increase and 32% higher operating profit in the first nine months of 2023.
The average number of employees in the local services outsourcing industry went up by 10% in 2023, salaries increased by 9% and the personnel turnover rate dropped to 14% in the first half of this year, from 18% in the same period of 2022, reveals a report by the Association of Business Service Leaders in Romania (ABSL) representing companies in this field in Romania.
Ovidius Clinical Hospital (OCH), the largest private hospital in the area of Dobrogea, opened in 2014, is set to reach the RON100 million threshold in terms of turnover this year, after in April its owners completed the second hospital building.
Romania's Finance Ministry raised RON825.4 million from banks on Thursday (November 9), RON225.4 million more than the planned RON600 million, selling bonds due in October 2033, at an annual average yield of 6.87%.
Fondul Proprietatea (FP.RO) has received the approval of the Financial Supervisory Authority (ASF) to amend the tender offer documentation and increase the number of shares it seeks to buy back from 670 million to 1.67 billion.
Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while adjusted EBITDA was 63.5% lower, EUR4.6 million compared with EUR12.6 million in 2022, data from Greece’s OTE, which owns the company together with Germany’s Deutsche Telekom, show.
Private medical service provider MedLife (M.RO) will be using drones to transport lab samples over the 120 kilometers between Oradea and Arad, thus cutting delivery time in half, it said in a report to the Bucharest Stock Exchange on Thursday.
Hyatt, a leading global hospitality company is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring around 200 rooms.
Sopsa, a global leader in waste management sustainable solutions, is entering the local market by signing a leasing contract for 6,400 square meters of industrial and office spaces in ELI Park 4, a project part of the portfolio of ELI Parks, a major developer on Romania’s real estate, logistics and industrial market.
BRK Financial Group, the only stockbroker listed on the Bucharest Stock Exchange, reported RON0.3 million net profit for the first nine months of 2023, compared with a RON10.4 million loss in the same period of 2022, while revenues climbed to RON16.3 million from RON15.2 million.19075 items