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Clever Media Network, the company that operates television channel Prima TV, reported turnover worth RON212 million (around EUR42.8 million) for 2021, up 11% on the year.
Fondul Proprietatea (FP.RO), with stakes in Petrom, Alro Slatina, Aeroporturi, has hired the famous investment bank Rothschild for financial assistance in the listing of electricity producer Hidroelectrica on the capital market, according to ZF sources.
HeidelbergCement Romania, the local subsidiary of Germany’s group by the same name ended 2021 with 1% rise in revenue to some RON1.3 billion.
Cement manufacturer Romcim, previously known as CRH Ciment, posted growth of 4% in revenue to RON1.4 billion in 2021, the latest data available on the Finance Ministry website show.
Swiss-held Holcim group, the largest construction material manufacturer in Romania via its local subsidiary, saw its revenue increase by 8% to RON1.7 billion year-on-year in 2021, Finance Ministry data show.
BCR Asigurari de Viata, part of Austria’s Vienna Insurance Group (VIG), ended 2021 with RON30.7 million profit, an increase of 2.7% on 2020 and intends to disburse RON24.8 million dividends from it, its 2021 report says.
Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase in income along with the rise in interests, as well as a decline in risk costs and provisions.
Real estate developer Impact Developer & Contractor (IMP.RO) has notified its shareholders and investors of the signing of a working capital type loan agreement. Impact Developer & Contractor is the borrower, Garanti Bank is the lender and Bergamot Developments is the mortgage guarantor, according to the company’s report to the Bucharest Stock Exchange.
Romanian authorities issued 3,956 residential building permits in April 2022, 9.9% fewer than in March 2022 and 15.5% fewer than in April 2021, data from the country’s statistics board INS showed Tuesday.
Europe’s attractiveness for foreign direct investment (FDI) started to recover following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, the latest annual EY European Attractiveness Survey shows.
Regional investment fund SIF Oltenia (SIF5.RO) has received the approval of Romania’s financial supervisory authority ASF for a public offer for purchasing shares issued by the Fund, in line with a stock market report released on Tuesday (May 31).
The Bucharest Stock Exchange on Tuesday said the shares of building material wholesaler Sipex will start trading on the AeRo market, the equity segment of the Multilateral Trading System of the Stock Exchange, on Friday (June 3), under the stock ticker SPX.
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Tuesday said it completed refurbishment works on the 220/110 kV Hasdat transformer station (Hunedoara County), following an investment of over RON60 million from own funds.
Fintech platform Omnicredit has obtained financing worth nearly EUR2 million from a debt investment fund specialized in factoring-related financing and the funds will be used for microfinancing services for small- and medium-sized enterprises (SMEs).
French hotel group Accor, which currently has more than 950 employees in Romania, seeks to add 600 more people to its team until 2025, in order to support the opening and operation of more than ten new hotels.
Transavia Group, Romania’s largest poultry producer, registered exports of RON202 million in 2021, almost double from RON124 million in 2020, in line with data from the Group’s representatives at the request of Ziarul Financiar (ZF) daily.
Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, has reached in 15 years more than 2,100 employees at its services center in capital city Bucharest, the only of this kind in Europe, the company said in a statement.
Raiffeisen Bank on Tuesday said it appointed Mihail Ion to run its new Division of Capital Markets, Investment Banking and Personal Financial Planning Division.
Smart ID Dynamics, a provider of software and hardware solutions has fully acquired Brasov-based provider of integrated software solutions Spectrum, which has over 20 years of experience in providing software, hardware and post-implementation support solutions, the company said in a release.
Top Seeds, a provider of integrated solutions for the agricultural field, on Tuesday said it ended 2021 with a turnover of RON249 million, up 40% on the year, and a net profit of RON9 million, up 24% versus 2020.19075 items