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Chimcomplex (CRC.RO), Romania's largest chemical plant, on Wednesday (August 17) informed investors that it would temporarily halt the production activity at the Borzesti industrial platform, as per a stock market report.
Euroins Romania, the largest insurance company on the local market after the collapse of City Insurance, ended 2021 with a loss of RON19 million and last year was its third in the red in a row, Euroins Romania's annual report shows.
Bookstore chain Carturesti is investing EUR450,000 in AudioTribe, the first Romanian platform with audiobooks in Romanian and English, launched a year ago.
Keysight Technologies Romania (the former Ixia), the local division of US Keysight Technologies, had a turnover of over EUR34.6 million (over RON169.1 million) in 2021, up over 11% from almost EUR31 million (RON151.6 million) in 2020, as per finance ministry data.
Dumagas, one of the largest freight forwarders on the market, ended the first half of this year with 10% growth in revenue and expects revenue to reach EUR38-40 million by yearend, according to company officials.
Romania’s natural gas transmission company Transgaz (TGN.RO) ended the first half of 2022 with a net profit of RON177.3 million, up 33% from RON133.3 million in the same period of 2021, the company said in its half-year financial report on Wednesday.
Gloves Global, a company established last year and controlled by Germany’s PPE group plans to build a protective gloves factory in a RON280 million (about EUR60 million) investment in Bucov, Prahova.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Banca Romaneasca a term deposit without extension in the amount of RON100 million, on August 16, 2022, in line with a stock market report.
The liquidity recorded at the Bucharest Stock Exchange (BSE) remains high on several pillars after the first half of the year saw significant increases. Still, in July the liquidity returned to summer levels as investors and financial analysts were waiting for the end of the financial reporting season to have a first indication of how Romanian listed companies would perform this year, BSE said in a statement.
Online retailer evoMAG, held by entrepreneur Mihai Patrascu, has attracted an investment of EUR2 million from Catalyst Romania, one of the most important technology-focused venture capital funds in Romania, in exchange for a minority stake in Evolution Prest Systems, the company holding the website www.evoMAG.ro.
Globalworth, the largest office space owner in Romania and Poland, on Wednesday said that Sameday, one of the leading courier services firms in Romania, signed a seven-year lease contract for a surface area of almost 2,600 square meters within the Business Park Stefanesti project.
Electrical and optical fiber producer Prysmian Cabluri si Sisteme, based in the town of Slatina and part of Italy’s Prysmian Group, had a turnover of RON1.351 billion (EUR274.7 million) in 2021, up nearly 26% on the year, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
ROCA Industry, the holding company of the construction material businesses of ROCA Investments, ended the first half with RON122.5 million revenue and plans to consolidate member companies and expand its portfolio abroad.
Chimcomplex (CRC.RO), Romania's largest chemical plant with industrial sites in Onesti and Ramnicu Valcea, on Wednesday said its profit plunged 41% on the year to RON165 million in the first half of 2022, due to skyrocketing natural gas and electricity prices.
The private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON92.4 billion in August 2022, higher by RON5 billion than the level at mid-2022, recovering over half of the loss amassed in 2022, as per calculations by the Romanian association for private pensions APAPR.
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 7.98% a year on Wednesday (August 17), higher by two basis points than 7.96% recorded on Tuesday (Aug 16), as per central bank data.
Romania's gross domestic product (GDP) grew by 2.1% in real terms (in unadjusted data) in the second quarter of 2022 as compared to the first quarter of 2022, the country’s statistics board INS said on Wednesday (August 17).
SeedBlink, a local company founded in early 2020 that created a platform for co-investing in tech start-ups, has fully acquired Symbid, one of the world's first crowdvesting platforms founded in the Netherlands in 2011. This is its first acquisition for accelerated expansion in Europe.
Capital city Bucharest is expected to deliver 134,000 square meters of office space in 2022 and 2023, way below the level of deliveries recorded over the last years, in line with an analysis by real estate consulting firm Cushman & Wakefield Echinox.
Alten Romania, the local subsidiary of the French company of the same name, which carries out engineering and technical consulting activities for players in various industries, such as banking, chemical, IT, retail, technology and digital commerce, wants to recruit at least 50 IT specialists by the end of 2022 and thus grow to 750 employees locally.19080 items