Engineering and technology company Simtel Team S.A. (stock symbol: SMTL), one of the national leader in Romania's renewable energy sector, reported consolidated operating revenues of RON79.9 million for the first quarter (Q1) of 2025, up 70% compared to the same period of 2024, as per the company's financial report for Q1/2025.
Transilvania Broker de Asigurare (stock symbol: TBK), one of the largest insurance brokers on the local market, reported loss of RON1.2 million for the first quarter of 2025 versus net profit of almost RON850,000 recorded in the same period of 2024.
Romania's Finance Ministry raised RON1.6 billion from banks on Tuesday (May 13), selling government paper in two auctions, at annual average yields of 3.82% and 3.52%, respectively.
Banca Comerciala Romana (BCR) has granted EUR18.5 million in financing to a company within Italian group Alerion Clean Power, a key player in the renewable energy market, for the construction of a photovoltaic project with an installed capacity of 35 MW, located in Calarasi County.