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Romanian shipyard Santierul Naval Orsova (SNO.RO) ended the first half of 2022 with a net loss of RON2.5 million, higher than the RON335,300 loss in the same period in 2021, and a turnover of RON24 million, down 39.3% on the year, as per data from the company’s half-year report sent to the Bucharest Stock Exchange.
Holde Agri Invest (HAI.RO), a Romanian agribusiness company, has closed the operation to increase its share capital, raising about RON21 million from investors, it said in a report to the Bucharest Stock Exchange.
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, reported revenues of RON109.6 million for the first half of 2022, down 48% from RON210.8 million in the year-earlier period, as per calculations by Ziarul Financiar (ZF) based on stock market data.
OTP Bank, the Romanian subsidiary of Hungary's largest banking group, recorded a loss of RON14 million in the first half of this year, mainly due to an increase in the total cost of risk, notes the financial report published in Budapest, which presents the consolidated results adjusted in accordance with the group's reporting standards.
2Performant, the main player on Romania’s affiliate marketing market, listed on the AeRO market of the Bucharest Stock Exchange (2P.RO), had a turnover of RON16 million in the first half of 2022, up 49% on the year, as per the company's half-year report sent to the Bucharest Stock Exchange on Thursday (Aug 11).
Nuclearelectrica (SNN.RO), Romania's only nuclear energy producer, announced on the Bucharest Stock Exchange that, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved in its August 10 meeting the renewal of Cosmin Ghita’s mandate as CEO for a period of four years starting on February 12, 2023, i.e., one day after the expiry date of the current mandate.
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) said in a stock market report on Thursday that it ended the first half of 2022 with a net profit of RON17.8 million, up almost 83% from the same period of 2021.
Financial analysts expect the Romanian leu will depreciate to an average of 5.1165 units to the euro in the next 12 months, while inflation is seen averaging 11.7% during the same period, a monthly poll by CFA Romania showed Thursday (August 11).
The average net salary in Romania increased by 1.2% in nominal terms in June 2022 compared with May 2022, to 3,977 lei (EUR811), data from the country's statistics board INS showed Thursday (August 11).
Romania's annual inflation rate accelerated to 15% in July 2022 as compared to July 2021, data from the country's statistics board INS showed Thursday (August 11).
Romanian-held bakery producer Pambac posted more than RON263 million (EUR53.5 million) revenue in 2021, up 22.6% compared with the previous year’s RON214.5 million (EUR44.3 million), according to ZF calculations based on data from the Finance Ministry.
Drug manufacturer Antibiotice Iasi (ATB.RO) wants to build two new factories for sterile products and sterile topical products, a total investment of RON200 million.
Romanian nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Wednesday (Aug 10) that it concluded two contracts worth RON391.6 million for the sale of electricity to OMV Petrom, Romania’s sole energy and gas producer and the largest company listed on the Bucharest Stock Exchange.
The Romanian office of the CEE / SEE law firm Wolf Theiss has represented a syndicate of banks made up of Raiffeisen Bank and Banca Comerciala Romana (BCR) in relation with a credit facility of EUR325 million granted to Romanian natural gas producer and supplier Romgaz (SNG.RO).
Shareholders of vegetable oil producer Argus Constanta (UARG.RO), held by SIF Oltenia, approved at their general meeting of August 8 the contracting by the company of bank loans in a maximum amount of RON220 million for the working capital, as per a stock market report.
Five in ten employees have changed their jobs at least once over the last two years, as per the most recent survey carried out by recruiting platform eJobs Romania.
The European Commission (EC) has approved a Romanian scheme up to EUR358 million to support micro, small and medium-sized enterprises (SMEs) affected by the coronavirus pandemic.
Alro Slatina Group (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, on Wednesday said it ended the first half of 2022 with a net profit of RON15.3 million, as compared to a loss of RON47.5 million in the same period of 2021, in line with the company’s financial report.
Romania ranks second in the top of the European countries with the cheapest housing, after Bosnia and Herzegovina, with an average price of EUR1,266/sqm, calculated based on data from the main cities and towns in the country, according to Deloitte Property Index 2022 conducted across 23 countries and 68 cities in Europe.
Germany's Continental group, one of the world's largest suppliers of electronic components and the largest car parts producer on the Romanian market, has appointed Lucian Margineanu to the position of director of Timisoara-based production center Continental Automotive, starting August 2022.19080 items