The total value of exports of raw and processed tobacco products, such as cigarettes and tobacco consumables for heating products, reached EUR1.68 billion in 2023, higher by EUR200 million compared to 2022, in line with the latest data released by Romania's statistics board INS.
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in the next 12 months, while the inflation rate will average 5.73%, up from 5.33% from the previous survey.
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, has been selected by the Bucharest City Hall in an auction for the contracting a RON150 million loan to be used for the acquisition of 100 electrical trolleybuses.
Rating agency Fitch has assigned Romgaz, a natural gas producer and supplier controlled by the Romanian state, investment grade credit rating “BBB-“ with a stable outlook.
Local company Senior Software, which specializes in development and integration of IT systems for business management, in 2023 generated net profit worth over RON10 million, up 44% year-on-year.
The Bucharest Stock Exchange (BVB) announced in a stock market report on May 21 that it would start a share buyback program from May 22, which was approved by shareholders on April 24, 2024.
Bistrita-based car battery manufacturer Rombat, controlled by the South African group Metair, ended 2023 with a turnover of RON512.6 million (EUR103.6 million), up 1.6% from nearly RON504.5 million (EUR102.3 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating five flights from the Sibiu International Airport to Nuremberg and Stuttgart (Germany), Milan-Malpensa and Rome-Fiumicino (Italy) and Barcelona (Spain) starting with July 20, 2024.
Honey producer Apidava from Alba County sold honey and honey-based products worth EUR9.4 million, in 2023, compared to nearly EUR8 million in 2022, Alina Mates-Ochis, sales&marketing manager Apidava, told Ziarul Financiar (ZF) daily.