Endeavor Romania and UniCredit Bank have concluded a strategic partnership which will facilitate the access to financing and resources for companies founded by Romanian entrepreneurs.
The shareholders of Romanian building materials producer Cemacon (BSE:CEON) have approved the delisting of the company from the Bucharest Stock Exchange (BSE), within an operation to be intermediated by stockbroker Estinvest, as per a stock market report released on June 5.
The level of inflation on the markets of Central and Eastern Europe is expected to rise or stay above the target ranges of central banks by the end of 2024, as April brought renewed prices increases in Poland, Czechia and Hungary, after a year when inflation registered a stronger-than-expected decline in the region, shows an analysis conducted by Allianz Trade.
Holcim Romania, one of the largest producers of construction materials in Romania, by turnover, announces the appointment of Remus Viscol to the position of Managing Director of the Aggregates Division.
MAGNOR holding, a Romanian-held company specializing in pawnbroking and money exchange services, ended 2023 with RON100 million turnover, up 25% from the previous year.
Turkish furniture producer Adore Home, active on the Romanian market since 2022, expects EUR3 million turnover on the local market, 2.3 time higher than the EUR1.3 million level of 2023.
Transelectrica has announced at the bourse the new tariff for system services that will apply for all end clients starting June 1 for electricity extracted from the company’s networks.
Steel pipe and profile maker Mairon Galati, held by the Miron family, ended last year with RON1.87 billion revenue, down 26% from the previous year, Finance Ministry data and ZF’s calculations show.
Network One Distribution (NOD), Romania’s largest IT equipment distributor, exceeded the RON2 billion turnover threshold in 2023, reporting a total RON2.06 billion (EUR415.4 million), up 14.8% from 2022, as per data sent by the company to the finance ministry.
Duvenbeck Logistik, one of the largest transportation and logistics companies locally, ended 2023 with a turnover of almost RON443.8 million (EUR89.7 million), up 5.2% from RON421.6 million (EUR85.5 million) in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Automotive safety systems manufacturer Autoliv Romania, the local subsidiary of Swedish group Autoliv, reported a turnover of over RON6 billion (EUR1.2 billion) for 2023, up 23.3% from RON4.87 billion (EUR989.4 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.