BRD Soc Gen, Romania’s third largest lending institution, is convening its shareholders for December 14, 2023 to approve the distribution of RON643 million, namely 50% of the 2022 result, under the form of special dividends.
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profit rose by 19.4% year-on-year, to RON1.19 billion.
Fashion Days, the largest online fashion retailer in Romania, part of eMAG group and also present in Bulgaria and Hungary, expects to end fiscal year 2023-2024 with revenues of between RON820-850 VAT not included, up around 20% from 2020, the first pandemic year.
German retailer Kaufland has opened a new store in Urziceni, Ialomita county, thus reaching a 172-unit network nationwide.
Furniture and home products retailer JYSK is expanding further in Romania and has opened a new store in Domnesti, near Bucharest, thus reaching an 137-unit network countrywide.
Food wholesaler Nordic Food has brought to Romania the famous US burger Beyond Meat and other plant-based meat products in the company’s portfolio.
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum.
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Romanian Banking Association (ARB) shows.
Liberty Steel Group has appointed Radu Ionescu general manager of Liberty Galati, the largest integrated steel producer in Romania, while executive director Prasanta Mishra becomes managing director plant operations for Liberty Galati, it said in a release.