Romania’s state-run natural gas transmission company (TGN.RO) has announced in a stock market report on May 31 that energy minister, Sebastian Burduja, and Ion Sterian, Director-General of Transgaz, signed a financing contract for the construction of a gas transmission pipeline to supply the Mintia Power Plant situated in Hunedoara county.
Vodafone Romania, one of the largest players on the local communications market and part of British telecom group of the same name, saw a turnover growth rate of over 10%, but it also recorded higher loss, as per data from the company's balance sheet available on the finance ministry website.
Agroland Business System (BVB: AG), a Romanian retail, farming and food entrepreneurial group, which owns the largest network of farm supply stores in Romania, reported, at consolidated level, operating revenue of RON74.5 million in the first quarter of 2024, up 7% from the same period of 2023.
Microsoft Romania, the local subsidiary of US giant Microsoft, reported net loss for the first time since 2000, as per the company's balance sheet submitted to the Finance Ministry.
Natural gas producer and supplier Romgaz (SNG.RO) has announced in a stock market report on Friday (May 31) that the general meeting of shareholders rectified the company's budget of revenue and expenditure for 2024.
Romania's Aerostar Bacau, a company that repairs and retools military aircraft, and US Lockheed Martin partnered up and inaugurated Europe’s first certified HIMARS Sustainment Center, in Bacau (eastern Romania).
Danube freight carrier Transport Trade Services (TTS.RO) has announced in a stock market report on May 31 the intention of the Board of Directors to convene the extraordinary general meeting of shareholders on July 1, when they are expected to vote on a share capital increase in the amount of RON120 million.
Mamaia seaside resort will host the first Radisson Blu Hotel, a project to be developed by Monarc Properties, a real estate developer specialized in developing luxury hotel and residential projects.
Iproeb Bistrita (IPRU.RO), one of the largest local manufacturers of electrical cables and conductors, ended the first quarter of 2024 with net profit of RON7.3 million, fivefold higher (+410%) than the level reported in the same period of 2023, as per the company's data from its quarterly financial report.