Private lending in Romania went up 5.8% to RON391 billion in April 2024 compared with April 2023, central bank data showed on Monday (May 27, 2024).
The numbers in the 2024 budget of Banca Transilvania, the largest lender in Romania, a 20% higher profit of RON3 billion, 10% higher assets of RON179 billion and RON9.2 billion interest income for Banca Transilvania alone, do not include the acquisition of OTP Bank Romania, the management of the Cluj-based lender said.
Renovation Solar, a major player in the field of solar energy and green tech in Romania, has completed the installation of 650 photovoltaic panels on buildings ANA Hotels (office building) and Crowne Plaza (hotel) of Bucharest, owned by businessman George Copos.
Romania’s natural gas transmission company Transgaz has announced at the Bucharest Stock Exchange that international rating agency Fitch has affirmed the rating of the company at 'BBB-' outlook stable.
Pitesti-based Roweb Development, specialized in software development services, for 2023 reported RON31 million turnover, 14% higher than in 2022, and net profit of over RON5.4 million, up 24%.
Supermarket and proximity store network Mega Image, owned by Dutch-Belgian group Ahold Delhaize, ended 2023 with turnover worth around RON9.9 billion, up 13.4% from 2022, in line with ZF calculations based on company data.
German group ZF, which has plants in Roman, Oravita, Lupeni and Marghita, seeks to hire 400 engineers at the R&D services center of Timisoara.
Intesa Sanpaolo Romania, the local subsidiary of the Italian banking group of the same name, in Q1/2024 registered EUR5 million net profit, 2.5 times bigger than the gain of the same period of 2023.
The investment level planned by the six largest drug makers in the plants they have in Romania reaches RON350 million in the 2024-2025 period, in line with ZF calculations, as projects are starting to shape up.
Allianz-Tiriac, the second largest insurer in Romania, ended 2023 with RON3.5 billion underwritings, up 21%, and RON346 million, 44% higher than in 2022.