AROBS Transilvania Software, the biggest tech company listed on the Bucharest Stock Exchange, has fully acquired Infobest group, specialized in the development of customized software solutions, with offices in Timisoara and Leverkusen, Germany.
One United Properties, the leading green developer of residential, mixed-use and office real estate in Romania, reported preliminary consolidated turnover worth RON1.5 billion for 2023, up 30% from 2022.
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0416 units/euro in the next 12 months, while the expected rate of inflation will register an average value of 5.57%, a 20-month low.
Hidroelectrica, Romania’s largest energy producer, in 2023 registered revenues worth RON12.2 billion, up 30%, and net profit of RON6.33 billion (EUR1.2 billion), 42% above the 2022 level.
Romanian state-owned port operator Oil Terminal (OIL.RO) has budgeted net profit of RON15.7 million for 2024, up 9.8% from the net result anticipated for 2023, and also expects total revenue of RON392.7 million, up 10.3% from 2023.
Alexandrion Group, the largest producer and distributor of spirits and wines in Romania by turnover, has announced the signing of a joint venture with the casa tequilera ‘Casa Aceves’ based in the Highlands of Jalisco, the main tequila-producing area in Mexico.
Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a leading renewable energy business in the country, reported a consolidated turnover of RON295.6 million for 2023, up 112% from 2022, and net profit of RON27.4 million, up 115% on the year.
Revolut is entering the bank deposit market in Romania and rolling-out annual interest-bearing in-app savings accounts to its over 3.5 million customers in Romania.
Softbinator Technologies (CODE.RO), a group of IT companies, reported consolidated turnover of RON32.2 million for 2023, almost flat on the year, and a net loss of RON5.2 million versus net profit of RON3.8 million in 2022.