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Romanian managers’ confidence in the local economy has reached the highest level of the last two years, despite 76% of them expecting to be affected to a great extent by the war in Ukraine, and 40% anticipating a decline in gross domestic product (GDP), as per a Confidex survey conducted Impetum Group.
The turnover of local freight carriers decreased marginally in 2020, by 0.7% compared to 2019, but remained 36% above the 2016 level, to almost RON66 billion, in line with a Keysfin analysis which predicts a record level of RON75 billion for 2021.
The Bucharest National Airport Company (CNAB), which administers the Henri Coanda (Otopeni) and the Aurel Vlaicu (Baneasa) airports, on Tuesday said it registered a traffic of more than three million passengers in January-April 2022.
Construction material manufacturer Cemacon Cluj (CEON.RO) posted RON16.5 million net profit in the first quarter of 2022, 130% higher than in the corresponding period of last year, it said in a report to the Bucharest Stock Exchange.
Local startup firm SenseTask, which developed a cloud artificial intelligence (AI)-based platform for document processing, has raised a seed funding round worth EUR215,000 in order to scale up the smart document processing, company representatives said in a statement.
Romanian packaging maker Promateris (PPL.RO) posted consolidated re venue of RON42.7 million in the first quarter of 2022, an increase of 22% on the year-ago period, RON4.6 million EBITDA and RON1.2 million net profit, the company said in a report to the Bucharest Stock Exchange.
Telecom operator Digi Communications (DIGI.RO) on Tuesday reported revenue of EUR360.6 million on March 31, 2022, up almost 21% from RON297.9 million in the same period in 2021, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, on Tuesday said it ended the first quarter of 2022 with profit before tax of EUR124 million and a volume of underwritings of EUR3.45 billion, up 11.2% on the year, in line with data provided by VIG officials.
The number of eurozone businesses and households unable to make repayments on their bank loans is set to rise, according to the first EY European Bank Lending Economic Forecast.
MAM Bricolaj, a furniture materials and accessories supplier controlled by Gavan family, in the first quarter of this year posted RON14 million turnover, up 16.2% from the year-earlier period.
Telecom operator Vodafone Romania reported service revenue of EUR764 million for the fiscal year ended on March 31, 2022, lower by 0.1% than the level reported in the previous financial year, in line with the financial results released Tuesday by Vodafone Group Plc.
Only 5% of digitization projects completed, with application in the Romanian public sector, are actually used and continue to be developed and to benefit from maintenance services – as per an analysis of OVES Enterprise, a Romanian software development company established in 2015, in Cluj-Napoca.
Romania's gross domestic product (GDP) grew by 6.5% in real terms (in unadjusted data) in the first quarter of 2022 as compared to the same quarter of 2021, the country’s statistics board INS said Tuesday.
Patria Bank in 1Q/2022 reported net banking income of RON41.5 million, flat from the year-ago period, determined by the evolution of revenues from financial activity affected by market conditions and which shows a contraction of 47%.
Real estate developer Impact Developer & Contractor in the first quarter of 2022 posted property sales revenues worth RON37 million, down 5%, and net profit of RON6 million, from RON1.3 million losses in 1Q/2021.
Astra Vagoane Calatori, a major player on Romania’s rolling stock market, controlled by Valer Blidar, will bring welders, locksmiths and electricians from Vietnam for the Arad plant, where it started producing trams for Bucharest.
Prime Kapital, one of the most dynamic real estate investors, developers and operators in Central and Eastern Europe, has got the building license for Pleiades Residence, Ploiesti, and is due to start works by the end of spring.
Alexandru Lascar, co-founder of Bucharest’s fitness center network Stay Fit Gym, says this year’s plans envisage taking the network to around 20 centers and hitting turnover of around EUR3.5 million, double the 2021 level.
Swiss-held Clariant is set to officially open at end-May the plant it built in Podari, near Craiova, in the wake of EUR140 million investment.
Aaylex Agro cooperative in Buzau, the largest agricultural cooperative in Romania by revenue in the last two years, increased its revenue 38% to RON232 million 2021, according to calculations made by ZF based on data from the Finance Ministry.19075 items