ING Bank has decided on Wednesday (August 14) to revise its growth forecast for Romania's economy in 2024 to 2% from its previous estimate of 2.8%, a level that is still deemed optimistic.
Infinity Capital Investments (INFINITY.RO), one of the five financial investment companies listed on the Bucharest Stock Exchange, posted RON104.7 million net profit in the first half of 2024 compared with RON18.4 million in the year-ago period.
The shares of three companies listed on the Bucharest Stock Exchange, namely, Premier Energy, Electromagnetica and Iproeb Bistrita, will be included in the MSCI Frontier and MSCI Romania indices. Romania's equity market presence in the MSCI indices will increase to 32 companies, starting on September 2, 2024, following the quarterly index review conducted by global index provider MSCI in August this year.
Practic Bucuresti (stock symbol: PRBU), one of the largest owners of retail space in Bucharest, on August 2024 announced net profit of RON19 million for the first half of 2024, up 23.2% on the year, and a turnover of RON23 million, up 10.6% on the year.
Plastic packaging producer Romcarbon (stock symbol: ROCE) switched to net loss of RON2.6 million, at the individual level, in the first half of 2024, compared with profit of RON5.2 million in the same period of 2023.
Republic of Moldova’s largest lender, MOLDOVA-AGROINDBANK (Maib), ended the January-June 2024 period with net profit of MDL694.3 million (equivalent to EUR36.1 million), up 5.6% year-over-year.
Santierul Naval Orsova (Orsova Shipyard-stock symbol: SNO) ended the first six months of 2024 with a turnover of RON54.7 million, up 24% on the year, and net profit of RON5 million, from net gain of RON506.386 recorded in the same interval of 2023, as per its half-yearly financial report released on August 14.
Romania’s Competition Council says there are a number of competition-related concerns about the deal whereby Delhaize “The Lion” Nederland B.V. (Mega Image) is buying Profi Rom Food SRL.
Romania's Aerostar Bacau (stock symbol: ARS), a company that repairs and retools military aircraft, has announced a turnover of RON292.8 million for the first six months of 2024, up 19% from RON245.4 million reported in the same period of 2023, as per its half-yearly financial report released on August 14.
Alumil Rom Industry (stock symbol: ALU), a leader on the aluminum systems market, ended the first half of 2024 with net profit of RON3.3 million, almost unchanged from the result reported in the same period of 2023, as per the half-yearly financial report released on August 14.
Romania's national grid company Transelectrica (stock symbol: TEL) ended the first half of 2024 with net profit of RON264 million, up 63% or higher by RON100 million than in the year-earlier period, as per the company's half-yearly financial report released on August 14.
Nuclearelectrica (stock symbol: SNN), the only nuclear power producer in Romania, ended the first half of 2024 with operating revenue of RON2.1 billion, down 44% on the year, and net profit of RON843 million, down 34.6% on the year, as per data from its half-yearly financial report published at the Bucharest Stock Exchange on August 14.
Natural gas producer and supplier Romgaz (stock symbol: SNG) has announced a “considerable advance in strengthening the security of Romania’s critical energy infrastructure” through the successful implementation of an advanced cybersecurity solution, developed by NS Edge, an US company considered innovative for its cutting-edge technologies in the field of cyber threat intelligence.