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Rompetrol Rafinare (RRC.RO), the company which manages the Petromidia Navodari and Vega Ploiesti refineries, reported a turnover of USD1 billion for the first quarter of 2021, up 8% on the year, and its loss shrank to USD14.7 million in January-March 2021, from USD88 million in the same period in 2020.
Romanian brick maker Cemacon Cluj (CEON.RO) on Monday said it registered a net profit of RON7.2 million in the first quarter of 2021, down 32% from RON10.6 million in the year-earlier period, and a net turnover of RON36 million, up 21% from the first quarter of 2020, per data from the company’s financial report.
Carmaker Automobile Dacia on Monday said its turnover dropped 27% on the year to EUR3.783 billion in 2020, per the company’s financial data.
U.S. company Coherent Solutions, specialized in developing software products and consulting services, with a turnover of over $76 million, is entering the Romanian market and opening its first office in capital Bucharest, seeking to hire over 30 IT experts in 2021.
Corteva (CTVA), leader on the seeds and agricultural plants protection market, which operates in Romania, has signed a pre-lease contract for an area of 23,000 square meters of industrial space in a built-to-suit warehouse located in northeast Bucharest and developed by Lazar Real Estate, part of International Lazar Company group.
Romania's finance ministry on Monday raised 555.3 million lei (EUR112.7 million), above its Ron500 million target, selling bonds maturing in October 2030 at an average yield of 3.28%, central bank data showed.
Romanian apparel manufacturer Braiconf Braila (BRCR.RO) ended the first three months of 2021 with a loss of RON825,462 compared with a net result of RON927,272 in the same period in 2020, while its turnover plunged 56% on the year to RON4.3 million in January-March 2021.
Car parts maker Altur Slatina (ALT.RO) on Monday said it ended the first quarter of 2021 with a turnover of RON25.7 million, up 8% on the year, and a profit of RON129,508, compared with RON102,718 in the first quarter of 2020, per the company’s financial report.
Romania's competition authority said Monday it has green-lit the acquisition of insurance company Gothaer Asigurari Reasigurari by Allianz-Tiriac, saying the deal didn't pose any competition hurdles.
Deloitte Romania will relocate its operations in western Romania to the ISHO Offices project in Timisoara at the end of May.
Romanian state airline Tarom has canceled Monday's flights to Tel Aviv amid escalating hostilities between the Israeli military and Hamas in Gaza.
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Monday reported a net profit of RON14.1 million fro the first quarter of 2021, up 11% on the year.
The Black Sea Trade and Development Bank (BSTDB ) said Monday it has granted a EUR20 million leasing facility to Garanti BBVA Leasing to help fund small and medium-sized enterprises in Romania.
Over 40% of Romanian companies expect that deferrals and exemptions from tax obligations, technical unemployment benefits and subsidies granted by the state during the health crisis will lead to new tax inspections, according to a survey conducted by PwC in Central and Eastern Europe (CEE).
Nine in ten employees want flexibility in where and when they work and given the choice, more than half of employee respondents (54%) would choose flexibility in when they work and 40% want flexibility in where they work, according to the EY 2021 Work Reimagined Employee Survey.
OMV Petrom, the largest energy company in Southeastern Europe, said Monday its has closed the sale of its production assets in Kazakhstan to focus its regional expansion towards the Black Sea area.
Mobile communications device repair service company Electronics Support Division (ESD) posted about RON103.3 million (EUR20.9 million) revenue in 2020, a decline of more than 7% year-on-year, Finance Ministry data show.
Car parts manufacturer Compa Sibiu (CMP.RO) on Monday reported a net profit of RON4.74 million for the first quarter of 2021, up 26% compared with the same period in 2020.
Zentiva Romania (SCD.RO), one of the largest generics manufacturers in Romania, reported a turnover of RON163 million for the first quarter of 2021, up 6.5% on the year, and a net profit of RON23.6 million, down 30%.
Romania's current account balance posted a deficit of EUR2.549 billion in the first quarter of 2021, compared with a deficit of EUR990 million in the same period in 2020, central bank data showed Friday.20531 items