Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2024 registered net profit worth RON2.21 billion (EUR446 million), up 30.6% from the year-earlier period, on improved operating result underpinned by advance in customer business.
Electrical components manufacturer Romradiatoare Brasov registered a RON11,223 loss in the January-September 2024 period, after a RON834,126 net profit in the same period of last year.
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn: Vodafone Romania will participate in the deal for the acquisition of Telekom Romania Mobile (TKRM) together with rival company Digi.
BRD-SocGen, the fourth largest bank in Romania by assets, in the first nine months of 2024 raked in RON1.06 billion net profit, down almost 11% from the same period of 2023.
Fashion retailer Fashion Days, part of eMAG group, saw its sales on the Romanian market rise by 13.8% during the January-September period against the year-earlier period.
Julius Meinl Romania, a major player on the premium coffee market, in 2023 registered turnover worth RON92.1 million (EUR92.1 million), up 21.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, for 2023 reported turnover worth RON107.3 million (EUR21.7 million), up 2.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Ford Otosan Craiova yesterday opened the new battery assembly line set to support the production of EVs due to enter production in the coming period in Romania, as part of the EUR490 million investment announced in 2022, when it took over the Craiova plant.
Iulian Stanciu, one of the best-known entrepreneurs in Romania, president of eMAG group, has entered the shareholding structure of oil drilling company Foraj Sonde Videle (FOJE), via the acquisition of a 33% stake from businessman Sever Raicu, in line with ZF data.
A new drug plant has officially launched in Romania after Germany’s Stada inaugurated the production unit of Turda, Cluj county.