Romania’s natural gas transmission company Transgaz in the first nine months of 2022 posted net profit worth RON273 million, more than twice the RON112 million registered in the same period of 2021, amid RON1.1 billion revenues, up 16%.
Aerostar Bacau, a manufacturing and maintenance company in the aviation industry, registered a 30% revenue increase in the first nine months of this year from the year-earlier period. Thus, the company reached RON317 million turnover.
Daniela Jordanovski, a marketing, procurement and sales manager at dm drogerie markt Romania, says the company has invested around RON45 million in new store openings and the refurbishment of existing ones and is set to continue expansion at a faster pace next year.
Romania’s economy is expected to expand by 5.8% in 2022, as compared to a 3.9% growth rate projected in July, the European Commission (EC) said in its Autumn 2022 Economic Forecast report released on Friday (Nov 11).
Chimcomplex, the leading producer and supplier of vital chemical substances in the region, is launching a public offering for the purchase of one million own shares, respectively 0.32% of the share capital, and the total price offered nears RON23 million.
Romanian pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) said in a stock market report on Friday that it ended the first nine months of 2022 with sales revenue of RON361.7 million, up 47% on the year.
Zimmer Biomet, an American medical device company, is opening an office in Romania where it plans to hire at least 25 people in the first year of activity and has announced investments of EUR3.5 million in 2023.
Nuclearelectrica (SNN.RO), Romania's only nuclear power producer, ended the first nine of 2022 with a net profit of RON1.93 billion, up 202% year-on-year.
Car parts manufacturer Compa Sibiu (CMP.RO) ended the first nine months of 2022 with a consolidated net profit of RON2.7 billion, down 84.4% from RON17.5 million in the same period of 2021,
The Bucharest Stock Exchange signed a cooperation agreement with the West University of Timisoara today, which aims to anchor future generations of students and graduates in the economic reality we live in by facilitating their access to information related to savings, investment, or entrepreneurship.
The average net salary in Romania increased by 1.8% in nominal terms in September 2022 compared with August 2022, to 4,003 lei (EUR818), data from the country's statistics board INS showed on Friday (Nov 11).
Romania's annual inflation rate decreased slightly to 15.3% in October 2022 as compared to October 2021, data from the country's statistics board INS showed on Friday (Nov 11).
MedLife, leader of Romania’s private healthcare market, reported pro-forma consolidated turnover of RON1.3 billion for the first nine months of 2022, up 27% from the year-earlier period.
Real estate developer One United Properties ended the first nine months of 2022 with consolidated turnover worth RON908.8 million, up 45%, and RON421 million net profit, 120% above the level of the same period of 2021, in line with the company’s financial report.
The Bucharest Stock Exchange, the operator of the local capital market and the majority stakeholder in the Central Depository, registered operating revenues worth RON24.5 million in the first nine months of 2022, up 33% from the year-earlier period.
Popeyes, the US restaurant chain that entered Romania this spring, in a franchise system, has reached five units so far and by yearend is set to open another restaurant in Bucharest.
Cake maker Natural, controlled by Popescu family, will invest more than EUR8 million in a 100-room hotel in Slatina, with the unit due to enter under the umbrella of an international brand, explained Elena Zoica, commercial manager of Natural.
Automotive industry wiring producer Leoni Wiring Systems Ro, part of Germany’s group Leoni, currently has 184 jobs available for the Bistrita plant.
Agrifood conglomerate Norofert plans to invest in warehousing spaces once it completes the acquisition of the plant of Filipestii de Padure, Prahova county, where it started operating a high production capacity for soil fertilizers.
German-held discounter Kik, which entered Romania in 2018, has developed a network of more than 70 stores nationwide in its four years in business on this market, and by the end of the year may reach the 100-store mark, says Kik Romania CEO Raluca Hartmann.