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Autotehnorom, a construction company in Suceava, posted RON270 million (EUR54.7 million) revenue in 2022, up 51% on the previous year, according to ZF calculations based on data from the Finance Ministry website.
The company Olint Com based in Radauti (Suceava County), with activities in the manufacturing, trading and distribution of materials for constructions and interior design, reported a turnover of RON130.7 million (EUR26.5 million) for 2022, down 6.6% year-over-year, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Automotive component manufacturer Lear Corporation Romania, the local subsidiary of US-held Lear Corporation which produces car seats and electronic systems for the automotive industry, had a turnover of RON1.441 billion (EUR292.2 million) in 2022, up 25% from RON1.151 billion (EUR234 million) in 2021, as per finance ministry data.
Car components manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, posted more than RON1.37 billion (EUR279.7 million) revenue in 2022, up by about 18% on 2021, according to ZF calculations based on Finance Ministry data.
Eaton Electro Productie, the Romanian subsidiary of US giant Eaton, reported a turnover of RON1.6 billion (EUR324.7 million) for 2022, up 17.8% from RON1.359 billion (EUR276.3 million) in 2021, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Smart Diesel company in Arad posted over RON2 billion (EUR407.4 million) revenue in 2022, up by about 28% on the previous year, according to ZF calculations based on Finance Ministry data.
Romania's Finance Ministry raised RON917 million from banks on Thursday (June 29), selling government paper maturing in 2028, at an annual average yield of 6.65%.
OMV Petrom, the largest integrated energy company in Southeast Europe, signed an agreement for the purchase of several projects for the construction of photovoltaic parks in Teleorman county
Romania's national grid company Transelectrica (TEL.RO) has inaugurated the refurbished 220/110/20 kV Ungheni electric power station, with a total investment of over EUR10 million from its own funds, the company said in a statement.
Globally, year-to-date (YTD) 2023 recorded 615 IPOs with US$60.9 billion capital raised, a 5% and 36% decrease year-over-year (YOY), with larger deals coming to the market in Q2 compared to Q1, even though it has been a slow recovery, according to the EY Global IPO Trends Q2 2023.
ALRO, one of the largest vertically integrated aluminum producers in Europe, measured by production capacity, inaugurated a 11 million USD investment in technology and environment protection at its Eco Recycling Facility in Slatina.
Liberty Galati, the largest integrated steel producer in Romania, continues its strategy to expand its portfolio of high value-added products and increase production flexibility and profitability, by starting the installation of a new modern accelerated cooling unit at its Heavy Plate Mill.
Romania ranks last in the EU when it comes to packaging waste recycling, with the percentage dropping in 2020 to 39%, almost 5% less than in 2019, in line with the latest European statistical data cited by Clean Recycle.
Stay Fit Gym, Romania’s second biggest fitness center chain, has reached 21 units locally after the company has in the past 18 months managed to triple the number of launches in the wake of Morphosis Capital entering its shareholding structure.
The building of former Odeon theatre of Galati, an iconic building of the city, has been put up for sale at the price of EUR690,000, with the auction being organized by Romania Sotheby’s International Realty.
US company Lockheed Martin, which produces Black Hawk helicopters and F-16 and F-35 aircraft, together with Aerostar Bacau, will open an MRO center for Black Hawk in Romania, in Bacau.
With four days of Hidroelectrica's (H2O.RO) initial public offering on the Stock Exchange already over and four more remaining, as it is scheduled to close on July 4, unless Fondul Proprietatea decides to close it early, the small investors' tranche is 82% oversubscribed, Ziarul Financiar has calculated.
The ten best performing local bond funds between May 2022 and May 2023 delivered to investors yields of 5%, as the case of FDI Globinvest Bonds, to 11.78% for Goldman Sachs Romania RON Bond, in line with data aggregated by Ziarul Financiar (ZF) daily from the Bucharest Stock Exchange.
DIY retailer Leroy Merlin will open its 21st store in Romania and the first in Arad in the AFI Arad project developed by AFI Europe on July 7.
Romania's central bank reported a profit of RON1.08 billion for 2022, lower by 46.3% than the level reported in 2021.19080 items