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Patria Bank (PBK.RO), a lender listed on the Bucharest Stock Exchange, on Monday evening announced its financial results for the first quarter of 2023: RON4.1 billion banking assets, RON44 million net banking income and RON3 million net profit.

Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO), a company in which the Paval brothers - founders of do-it-yourself retailer Dedeman, own a 17.2% stake, reported revenue of RON117 million and a net profit of RON3.5 million for the first quarter of 2023, as per the company's quarterly financial report published at the Bucharest Stock Exchange.

Building materials maker Cemacon Cluj (CEON.RO), controlled by Paval brothers who own DIY retailer Dedeman, recorded a consolidated net result of RON12.8 million in the first quarter of 2023, down 23% from the level reported in the year-earlier period.

Bittnet Group (BNET.RO), the first Romanian group of IT companies listed on the main market of the Bucharest Stock, ended the first quarter of 2023 with consolidated revenue of RON53.5 million, up 63% on the year, due to an 80% accelerated growth of the IT&C integration activity compared to the first quarter of 2022.

Hotel chain Accor has opened ibis Styles Bucharest Airport Hotel near Bucharest’s Henri Coanda (Otopeni) International Airport, an investment of Sheikh Ahmed Bin Saif Al Nahyan, former Etihad Airways chairman and founder of ABS Holdings.

The Center – West area (Politehnica, Orhideea, Cotroceni) has become the largest office submarket in capital city Bucharest, outranking for the first time the Floreasca – Barbu Vacarescu area following the delivery of projects in the first quarter of 2023, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Drilling company Dafora Medias (DFR.RO) ended the first quarter of 2023 with RON7.6 million revenue, an increase of 458% on the year-ago period, as well as RON1.4 million loss compared with RON2.7 million, the company said in its quarterly financial report to the Bucharest Stock Exchange.

Alstom, one of the largest actors in the transportation technology sector in the world, has 110 positions open for Romania at the moment, its career website shows. Alstom makes a complex range of transportation technologies from high-speed trains, subways or streetcars to turn-key transportation infrastructure systems or electric mobility solutions.

Natural gas producer and supplier Romgaz (SNG.RO) has announced that the chief executive officer Razvan Popescu’s term was extended for four years from May 16, 2023, to May 16, 2027, as shown in a decision by the Board of Directors.

ArcelorMittal Hunedoara (SIDG.RO), the steel mill owned by ArcelorMittal group, reported for the first three months of 2023 a loss of RON18.2 million, lower than RON29.7 million in the same period of 2022, and a turnover of RON155.7 million, down 20.8% versus the same period of 2022.

New loans granted by banks in Romania to consumers and companies stood at RON30.5 billion in the first quarter of 2023, an increase of more than 7.77% on the RON28.3 billion in the year-ago period.

Romanian aluminum processor Alumil Rom Industry (ALU.RO) ended the first quarter of 2023 with a net profit of RON1.7 million, down 22.2% from the level reported in the same period of 2022, amid sales revenue of RON26 million, up 7.5% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on data from the company's quarterly financial report published at the Bucharest Stock Exchange.

State-run port operator Oil Terminal (OIL.RO) has announced for the first three months of 2023 a net profit of RON23.4 million, up 103% compared with the net result reported for the same period of 2022, amid revenue of RON87.5 million, 41.9% higher on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the quarterly financial report published at the Bucharest Stock Exchange.

Romanian state-owned oil transporter (COTE.RO) ended the first quarter of 2023 with a net profit of RON18 million, which is 4.2% lower than the net resulted reported in the same period of 2022 and 27.9% higher than the result envisaged in the company's budget of revenue and expenditure, as per data from the quarterly financial report published at the Bucharest Stock Exchange.

One United Properties (ONE.RO), the most active real estate developer in Romania, has signed a pre-sale agreement for One Athénée for EUR24 million, the company said in a report.

Romania is the only country in the European Union (EU) facing the excessive deficit procedure, therefore, it must carry out a fiscal adjustment process which is essential, the country's central bank governor, Mugur Isarescu, said on Friday (May 12) at the presentation of the Quarterly Inflation Report.

Romania’s largest electricity producer Hidroelectrica and also the most eagerly awaited listing on the Bucharest Stock Exchange invested about RON351 million in corporate bonds due on December 30, 2025, and with a 7.5% coupon in 2022.

Online retailer Elefant.ro on Friday (May 12) announced its new shareholding after evoMAG, with the help of Catalyst Romania Fund II, became the majority shareholder of Elefant Online, after taking over the ownership stake held by Fribourg Investments.

Banca Comerciala Romana notified the Bucharest Stock Exchange of its first green Eurobond issuance worth EUR700 million on Friday. The transaction is the bank’s debut on the international capital market and consists of 4NC3 senior non-preferred green Eurobonds, with a maturity of four years and the possibility of early redemption after three years.

Romania’s industrial production decreased by 3.8% in unadjusted data in January-March 2023 due to drops in the electricity, gas, steam and air conditioning supply (-13.5%), manufacturing (-2.3%), but the mining and quarrying industry saw a 1.7% increase, data from the country’s statistics board INS showed on Friday (May 12, 2023).