Romanian brokerage firm BRK Financial Group [BSE:BRK] will act as issuer market maker for Sphera Franchise Group [BSE:SFG], the Bucharest Stock Exchange (BSE), starting with June 4, 2024.
Azerbaijan Airlines AZAL, Azerbaijan’s state-owned airline, has launched the Bucharest-Baku flight that will connect the two countries via a direct flight for the first time.
The overall volume of office spaces leased outside Bucharest is rising and 82% of the total area is in Cluj-Napoca, reveals an analysis by Fortim Trusted Advisors, part of BNP Paribas Real Estate Alliance.
Samsung Electronics Romania, the local subsidiary of the South Korean giant that leads the global smartphone market, last year registered net turnover worth RON5.6 billion (EUR1.1 billion), slightly down, by 1% from 2022, while net profit almost doubled.
Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, is in talks to take over Naturevo, also a farming input wholesaler.
Two of the three largest cement producers in Romania saw a decline in their profit margins in 2023, according to calculations based on data published on the Finance Ministry website.
VLG Ro, a supplier of electrical cables and conductors based in Martinesti, Cluj County, part of the Austrian Meinhart group, posted RON408.6 million (EUR82.6 million) revenue in 2023, down to almost one quarter of the 2022 level of RON1.6 billion (EUR324.6 million), according to ZF calculations based on Finance Ministry data.
Danone Romania has appointed Adrian Valentin Pascu to the position of General Manager of Danone Central and Eastern Europe (CEE), a region that includes Romania, Bulgaria, the Czech Republic, Slovakia, Hungary, Ukraine, Moldova, Albania and the Adriatic countries.
Alstom GSS Romania, the former Bombardier Transportation Shared Services Romania, controlled by France’s Alstom, ended 2023 with a turnover of RON153.8 million (EUR31.1 million), up 42.5% from RON107.9 million (EUR21.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily, based on finance ministry data.
Average price of old three-room apartments in Bucharest reached EUR107,300 in May 2024, up from the EUR106,400 in April 2024, the real estate index compiled by ZF and real estate consultancy SVN Romania shows. The price increased by 4% over May 2023, compared with 3% in April 2024 vs April 2023.