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TerraGaz Construct, a construction company held by brothers Traian and Alexandru Bunea, reported a turnover of approximately RON230 million in 2020, after a nearly 40% increase compared with the previous year. Its profit dropped below the RON12.7 million level reported in 2019.
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday (Feb 23) signed a contract worth RON4.7 million, VAT not included, for the provision of subscription services for maintenance, repairs and ensuring the security of the computer system, the company said in a stock market announcement.
The net assets of the 224 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 2.9% in January 2021, to RON45.7 billion (EUR9.4 billion), and by 2.9% since the beginning of the year, the Association of Fund Administrators said Tuesday.
Swiss digital game developer Miniclip has become majority shareholder in Green Horse Games, a Romanian company founded in 2013 by George Lemnaru. The transaction marks Miniclip’s entrance on the Romanian gaming market.
The European Commission has approved an aid of EUR254 million from structural funds to support the upgrade of the central heating system of Romania's capital city Bucharest.
Golden Foods Snacks, which owns the ELMAS brand of seeds, nuts and dehydrated fruits, listed its second issue of corporate bonds on Bucharest Stock Exchange on Tuesday under the ELMAS23 ticker symbol.
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, reported a net profit of EUR3.2 million in 2020 from local operations.
The logistics and industrial sector was the most dynamic real estate segment in 2020, with 72% growth in demand and nearly 784,000 square meters leases, real estate consultancy company Colliers said Tuesday.
Dacia and Ford plants recorded a 10% decline in January on the year-ago month, as the European market remains affected by the pandemic and major countries like Germany are still in lockdown, which means auto trade is sluggish.
Fondul Proprietatea (FP.RO) proposes a dividend of RON0.072 per share from profits left undistributed in 2016 and 2017, after reporting a RON102.9 million net loss for 2020.
Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went up 28.3% in the past decade, Romania’s Financial Supervisory Authority (ASF) data show.
Romanian state-owned natural gas producer Romgaz is currently in talks to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romania's economy minister said Tuesday.
Private lending in Romania grew 0.4% in nominal terms but decreased 0.9% in real terms in January compared with December, to RON283.531 billion, central bank data showed Tuesday.
Foreign markets hold huge growth potential for the Romanian dermo-cosmetics producer Ivatherm, despite the wave of patriotism around the world, especially since 2020.
Most analysts polled by CFA Romania (88%) estimate the leu at an average of 4.97 units to the euro over the next 12 months and see inflation at 2.58% over the same forecast horizon.
Fondul Proprietatea (FP.RO) has sold its entire 7.1% stake in nuclear power producer Nuclearelectrica (SNN.RO) throughout 2020, one of its longest standing investments.
Romanian state-owned hydropower producer Hidroelectrica ended 2020 with a net profit of RON1.45 billion, up 4.8% on the year, according to the annual report of minority shareholder Fondul Proprietatea (FP.RO).
Romanian state-owned gas natural transmission company Transgaz (TGN.RO) ended 2020 with a net profit of RON229.8 million, down 34% on the year, according to calculations by Ziarul Financiar (ZF) based on the company’s preliminary financial report published on the stock market Monday evening.
The global nuclear energy production grew for the seventh consecutive year in 2019, reaching 2,657 TWh, per the World Nuclear Association (WNA). Compared to the previous year, there is an increase of 95 TWh, the second largest nuclear energy production ever, according to Romania's nuclear power producer Nuclearelectrica (SNN.RO).
Romania's finance ministry on Monday rejected all bids at a tender for bonds maturing in January 2028 in which it planned to raise 500 million lei (EUR102.5 million), central bank data showed.18948 items