ZF

Alpin Resort Hotel In Poiana Brasov Sees Revenue Up 5% To RON73M In 2024

Wed, 30 Apr 2025 20:42:48 GMT

Alpin 2003, which manages the Alpin Resort Hotel complex, one of the largest in the Poiana Brasov resort, ended 2024 with RON73 million revenue, up just 5% on 2023, Finance Ministry data show.

NN Group Increases Stake In Electrica To 10.08%

Wed, 30 Apr 2025 20:14:36 GMT

Electrica (EL.RO), a major actor on the electricity supply and distribution market in Romania, on Wednesday notified the Bucharest Stock Exchange that NN Group had increased its stake to 10.08% after having bought more stock in it.

Transport Trade Services Shareholders Approve RON28M Dividends From 2024 Profit

Wed, 30 Apr 2025 19:07:35 GMT

Danube freight carrier Transport Trade Services (TTS.RO) has announced that its shareholders decided during the general meeting on April 30 to distribute RON27.9 million dividends from the 2024 net profit.

JT Grup Oil's 2024 Net Profit Surges 79% YoY To RON10.3M

Wed, 30 Apr 2025 17:17:07 GMT

Fuel wholesaler JT Grup Oil, listed at the Bucharest Stock Exchange, ended 2024 with a turnover of RON229 million, up 2.4% year-over-year, backed by an increase in sales volumes and the consolidation of the market share.

Corden BioChem Buys Decommissioned Clariant Bioethanol Plant In Romania

Wed, 30 Apr 2025 16:23:15 GMT

Corden BioChem, a German industrial biotechnology company, announces a strategic investment in Romania, by buying the decommissioned Clariant bioethanol plant in Podari, Dolj County, which will undergo an upgrade process.

Forvis Mazars: 8 In 10 Company Execs In Romania Plan To Expand Their Businesses Abroad In Next Five Years

Wed, 30 Apr 2025 14:13:13 GMT

Forvis Mazars Group, the international audit, tax and advisory services partnership, recently revealed the results of its latest C-suite barometer.

Businessman Ionut Negoita Sells Apartments From HILS Residential Projects To Meta Estate Trust For EUR4M

Wed, 30 Apr 2025 12:36:29 GMT

Meta Estate Trust, a holding company operating in the real estate sector, announces investments of nearly 4 million euros in four residential projects in Bucharest.

Etiq AI Raises EUR900,000 In Seed Funding Led By GapMinder VC

Wed, 30 Apr 2025 11:42:27 GMT

Etiq AI, the female-founded AI-startup based in London, UK, has announced it has raised EUR900,000 in seed funding led by GapMinder VC, following previous grant funding of £1 million from InnovateUK, and will be used to scale its newly launched “Data Science Copilot”, a platform designed to radically accelerate debugging and testing for machine learning models.

Deloitte: 66% Of Companies See Lack Of Experience Of New Employees As Main Cause Of Failure

Wed, 30 Apr 2025 11:14:52 GMT

Two-thirds (66 percent) of company representatives say that recently hired employees were not fully prepared for the roles they fill, and lack of experience was the main cause of failure, while employees (nearly 60 percent) consider their organization values job experience and degrees over skills and potential, according to the Deloitte 2025 Global Human Capital Trends report.

Statistical Office: Romania Housing Permits Up 2.8% YoY In Q1/2025

Wed, 30 Apr 2025 10:58:15 GMT

Romanian authorities issued 7,630 residential building permits in the first quarter of 2025, 2.8% more than in the same period of 2024, data from the country’s statistical office INS showed on Wednesday (April 30, 2025).

Dentons Promotes Four Lawyers In Bucharest To Counsel

Wed, 30 Apr 2025 09:33:42 GMT

Global law firm Dentons has announced the promotions of four lawyers in Bucharest to counsel, namely Sandra Constantin, Stefi Ionescu, Luiza Onofrei and Cosmin Roman.

Law Firm Filip & Company Assisted BT Pensii in Takeover of BRD Medio

Wed, 30 Apr 2025 08:22:08 GMT

Law firm Filip & Company provided legal assistance to BT Pensii in its takeover of the management of voluntary pension fund BRD Medio, which is changing its name to Pensia Mea Plus.

BCR Group 1Q/2025 Net Profit Rises 19.8% YOY To RON742M

Wed, 30 Apr 2025 08:15:11 GMT

BCR Group in the first quarter of 2025 registered net profit of RON742 million (EUR149 million), up 19.8% from 1Q/2024, driven by improved operating result underpinned by significant advance in customer business.

Purcari Wants to Distribute Dividends with 4.2% Yield

Wed, 30 Apr 2025 07:59:07 GMT

Winemaker Purcari wants to distribute to investors a dividend of RON0.65/share.

BRD Ends 1Q/2025 with RON350M Net Profit, Up 7% YOY

Wed, 30 Apr 2025 07:28:49 GMT

BRD, the fifth largest bank by assets in Romania, ended the first quarter of 2025 with RON350 million net profit, up 7.2% from the year-earlier period, while retail and corporate lending posted two-digit increases.

OMV Petrom 1Q/2025 Sales Up 5% YOY To RON9B. Net Profit Drops 24% To RON1B

Wed, 30 Apr 2025 07:17:46 GMT

OMV Petrom, Romania’s sole oil and gas producer, for the first quarter of 2025 reported RON9 billion sales, up 5% from the year-earlier period, while its net profit declined by 24% to RON1.07 billion.

Polipol 2024 Turnover Down 10.7% To RON158.7M

Wed, 30 Apr 2025 06:53:02 GMT

Upholstered furniture maker Polipol, owned by the German group of the same name, for 2024 reported turnover worth RON158.7 million (EUR31.9 million), down 10.7% from 2023, in line with ZF calculations based on Finance Ministry data.

Tub Integral Sees Profit Shrink 10.6% To RON6.9M In 2024

Wed, 30 Apr 2025 03:00:00 GMT

Electrical materials and lighting fixtures distributor Tub Integral, held by the Tarmure family from Bistrita, posted RON73.3 million (EUR14.7 million) revenue in 2024, down by about 3.2% from the RON75.7 million (EUR15.3 million) in 2023, according to ZF calculations based on Finance Ministry data.

Aquila Shareholders Approve Distribution Of RON60M Dividends

Wed, 30 Apr 2025 03:00:00 GMT

Aquila Part Prod (AQ.RO), an integrated distribution and logistics services company for the consumer goods market in Romania and the Republic of Moldova, will distribute dividends of approximately RON60 million to shareholders on June 6, following the decision of the General Meeting of Shareholders on April 29.

Romgaz To Distribute RON604M Dividends

Tue, 29 Apr 2025 20:52:14 GMT

Romanian state-run natural gas producer and supplier Romgaz (stock symbol: SNG) has received the approval of its shareholders for the distribution of a gross dividend of RON0.1568 per share from the company's 2024 net profit and from the result carried forward, which translates into a total amount of nearly RON604 million.