BRK Financial Group, the only stockbroker listed on the Bucharest Stock Exchange, reported RON0.3 million net profit for the first nine months of 2023, compared with a RON10.4 million loss in the same period of 2022, while revenues climbed to RON16.3 million from RON15.2 million.
Romania’s trade deficit in the first nine months of 2023 shrank by 18.4% to a total of EUR20.3 billion, as the country’s exports rose by 2.1%, while imports dropped by 3.4%, data from the statistics board INS showed on Thursday, November 9.
Local startup bonapp.eco, a Romanian startup that sells discounted food approaching the expiration date, at end-September reached intermediated sales totally worth EUR50,000, five times higher than in the year-earlier period.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) continues to expand in Romania and wants to reach at least 300 specialists in the Romania hub by yearend.
Romania's central city of Sibiu is home to a new four-star hotel, called Mercure Sibiu Arsenal.
Porsche Engineering, a wholly-owned subsidiary of Porsche and a technology service provider, has signed a cooperation agreement with Politehnica University of Timisoara.
Shirt manufacturer Gama, launched in 1991 in Sibiu (central Romania), reported a turnover of RON2.2 million for 2022, up 30% on the year, and a production of more than 100,000 shirts per year.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed shareholders and investors in a report on Wednesday (Nov 8) that Fitch Rating Agency confirmed its BBB- rating with stable outlook on Nuclearelectrica.
Honey producer Apidava from Alba County, had a turnover of RON42 million in 2022, up 37% on the year, and a net profit of RON3 million, as per finance ministry data.