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Rail freight carrier LTE Rail Romania, part of Austria’s LTE Group, posted 28% higher turnover in the first half of this year, according to the company’s officials.
Canned food manufacturer Prefera Food, owner of the "Unfished", "Capricii si Delicii" and "de Azi" brands, with bonds listed on the Stock Exchange, announced a net profit of RON27.6 million in the first half of 2022, up from a net loss of RON3.2 million last year.
Shareholders of Libra Bank, a member of the American investment group New Century Holdings, approved the distribution of dividends amounting to RON50 million.
Holde Agri Invest (HAI.RO), a Romanian agribusiness company, announced in a stock market report on Friday (Sept 30) that investment vehicle SevenX Ventures reached an ownership stake of 16.25%, from 12.11% previously, which means it bought an additional stake of 4.14% in Holde.
Firebyte Games (FRB.RO), the first mobile game developer listed on the Bucharest Stock Exchange in spring 2021, ended the first half of 2022 with a net profit of RON1.4 million versus a loss of almost RON1.1 million in the same period in 2021, as per data from the company’s half-year financial report sent to the local stock market.
Autonom Protect, the services division for the insurance market of the Autonom Group, has entered into a distribution partnership with Greek company Hellas Direct, which has recently announced entry into the Romanian market.
The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their long-term national strategies under Regulation (EU) 2018/1999 on the governance of the energy union and climate action.
BRD-SocGen, the third largest bank on the Romanian market by assets, said in a stock market report on Friday (Sept 30) that Maria Rousseva was appointed to the position of Deputy CEO Global Corporates and Etienne Jean Loulergue to the position of Deputy CEO Finance Treasury.
Compania Hoteliera Intercontinental Romania (RCHI.RO), the company managing Grand Hotel Bucharest, ended the first half of 2022 with total revenue of RON12.5 million, up 48% on the year, and a net profit of RON309,366 vs losses of RON717,000 in the same period of 2021, as per its financial report sent to the Bucharest Stock Exchange.
Blue Air Airline will not resume flights on October 10, either, as it had previously announced and its officials say it ‘will make an announcement promptly upon the finalization of ongoing discussions as to when it expects to have its fleet flying again.”
The Filip & Company team is assisting residential developer Alesonor in partnering with Pescariu Sports & Spa to develop the sports center and leisure areas in the Amber Forest project.
Dr. Fischer Dental (DENT.RO), leader on the Romanian dental equipment market, whose shares started trading on the Bucharest Stock Exchange in 2022, on Friday (Sept 30) announced in its financial report a net profit of RON190,080 for the first half of 2022, down 80% from RON924,215 from the same period of 2021.
Pharmaceutical manufacturer Biofarm (BIO.RO) has reached total investments of over EUR44 million in its new plant inaugurated in capital Bucharest in 2021, which is the largest greenfield investment in the Romanian pharmaceuticals sector.
Electrica Group said in a report intended for stock market investors that is in the process of evaluating the impact of the latest legislative and regulatory changes on the Group's performance and results.
Romania attracted foreign direct investments (FDI) totaling EUR8.9 billion in 2021, with enterprises’ equity standing at EUR6.7 billion (equity capital worth EUR2.16 billion, plus reinvestment of earnings worth EUR4.58 billion), an analysis by the country’s central bank and the statistics board INS shows Friday (Sept 30).
Romanian authorities issued 30,620 residential building permits in January-August 2022, 10.5% fewer than in the same period of 2021, data from the country’s statistics board INS showed Friday.
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, grew to 4.06%, higher by 53% than the previous level of 2.65%, in line with central bank data released on Friday (Sept 30).
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, ends the September 26-30 week at 7.93% a year after stagnating at 7.93% a year over the last three trading days, as per central bank data.
Romania’s unemployment rate stood at 5.1% in August 2022, lower by 0.1 percentage points than 5.2% in July 2022, data from the country’s statistics institute INS shows on Friday (Sept 30).19080 items