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Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Tuesday that it concluded a contract worth RON267.3 million with Enel Energie.
Regional investment fund SIF Banat-Crisana (SIF1.RO) sold its 10% ownership stake in BT Asset Management (BT AM) to lender Banca Transilvania, in the second quarter of 2021, per ZF’s aggregate data.
Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, reported consolidated sales of RON444.5 million in the first six months of 2021, up 46% on the year, and a net profit of RON5.2 million, from a loss of RON22 million in the same period in 2020, due mostly to record second-quarter results, per its financial report.
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) for the first six months of 2021 reported net profit worth RON18.2 million, almost 19% higher against the year-earlier period.
Romcarbon, a major plastic packaging producer in Romania, in the first six months of this year registered overall sales worth RON123 million, up 38%, and net profit of RON3.2 million, compared with RON35,941 losses in the corresponding period of 2020.
MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, ended the first half of 2021 with a turnover of RON24.9 million, up 47.7% on the year, and a profit of RON504,531, down 78% on the year.
Pandemic year 2020, a year dedicated to home repair and improvement, brought DIY market players profit increases even as high as over 100% against 2019, in line with ZF calculations based on Finance Ministry data.
Holde Agri Invest has joined players that have also earmarked a budget to fund innovative projects on the domestic market and by yearend it is likely to announce another two investments in agritech startups, explained Iulian Circiumaru, board chairman of Holde Agri Invest.
Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first half of 2021 with a volume of gross underwritten premiums worth RON730 million, more than 10% higher than in the corresponding period of last year, according to the company’s representatives.
Private medical service operator Medsana, a network of three clinics in Bucharest and Ploiesti controlled by Greek group Athens Medical Center, ended 2020 with turnover worth RON18 million, 27% lower against 2019, in line with Finance Ministry data.
Poultry and poultry product company Safir posted RON155.9 million (EUR32.9 million) revenue in 2020, a decline of 8% year-on-year, ZF has calculated from Finance Ministry data.
This year’s biggest projects of Strauss Romania, the maker of the Doncafé coffee brand, are investments in renewable energy, new innovative brands, automation and digitalization, the company officials have recently told ZF.
Citi has announced the appointment of Munir Nanji to the position of regional director for Central Europe and Citi Country Officer (CCO) for the Czech Republic, starting September 1, 2021.
Law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided legal assistance to Belgian-held real estate developer Speedwell in refinancing the loan granted by BRD Groupe Société Générale for the development of the Record Park Offices project located in the central area of the city of Cluj-Napoca.
Turbomecanica (TBM.RO), Romania’s only maker of turbojet parts and mechanical assemblies for aircraft, in the first six months of this year generated revenues of RON52 million, 3% lower than in the same period of 2020, while its net profit narrowed to RON863,128, from RON10 million last year.
Lender ING Bank Romania on Monday said its total revenue grew 6% on the year, to RON1.1 billion, in the first half of 2021, while its gross profit grew 19% in the same period, to RON441 million.
The Romanian leu plunged to a new all-time low against the euro on Monday (August 30), as the central bank average reference rate stood at 4.9349 lei to the European currency.
Brewer Bermas Suceava (BRM.RO) on Monday reported a net profit of RON194,630 for the first half of 2021, compared with a net loss of RON619,266 in the same period in 2020, and total revenue of RON15.4 million, up 19.7% from the first half of 2020, per calculations by Ziarul Financiar (ZF) based on stock market data.
Agricover Holding, one of the largest players in Romanian agribusiness, on Monday said it ended the first half of 2021 with trade revenue of RON698 million, up 27% on the year, and a net profit of RON36.6 million, up 37% from the first half of 2020.
Dacia’s new seven-seat MPV will be called Jogger and will be officially unveiled on September 6, at 2021 Munich Motor Show.18957 items