ZF

Aerostar Approves Distribution Of RON32M Of Its 2023 Profit As Dividends

Fri, 19 Apr 2024 15:45:53 GMT

Shareholders of Aerostar Bacau (stock symbol ARS), a supplier of aerostructures, components, assemblies for hydraulic systems for global manufacturing programs, decided in the April 18 meeting to distribute RON32 million of the RON93 million net profit of 2023 as dividends.

Reff & Asociatii | Deloitte Romania team assists Expo Market Doraly owners in sale to Belgium’s WDP

Fri, 19 Apr 2024 13:17:32 GMT

A multidisciplinary team of lawyers from Reff & Asociatii | Deloitte Legal and financial and tax consultants from Deloitte Romania assisted the owners of Expo Market Doraly, Gheorghe Iaciu and the real estate investment fund ARA Europe, in the sale of the business park in its entirety to the Belgian real estate developer WDP, the second largest owner of industrial-logistic spaces in Romania, with a portfolio of almost 1.7 million square meters.

ROCA Agri RDF Appoints Bodan Vlad CEO

Fri, 19 Apr 2024 09:42:48 GMT

ROCA Agri RDF, the agricultural holding company of ROCA Investments, has appointed Bogdan Vlad chief executive officer, after the end of the term of interim CEO Alexandru Savin, who will continue to serve as senior investment manager with ROCA Investments

Romania Ends 2023 With 5.6% Unemployment Rate, Same As In 2022

Fri, 19 Apr 2024 08:57:11 GMT

Romania ended 2023 with a 5.6% unemployment rate (455,600 people), about the same as in 2022 and 2021, as the employment rate for people aged 20-64 stood at a 68.7%, an increase of 0.2% year-on-year, National Statistics Institute (INS) data released on Friday show.

INS: Romanian Construction Works Surge 53.7% On The Month In February 2024

Thu, 18 Apr 2024 21:08:20 GMT

In February 2024, the volume of construction works increased, in unadjusted data, by 53.7% compared to January 2024 and was up 17.5% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Thursday (April 18).

Alfa Software Net Profit Surges 44% YoY To Over RON6.6M In 2023

Thu, 18 Apr 2024 20:53:13 GMT

Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, reported net profit of over RON6.6 million (EUR1.3 million) for 2023, up 44% from 2022, and a turnover of almost RON18 million (EUR3.6 million), up 31% from 2022, as per data provided by the finance ministry.

Melinda-Impex Instal Buys Two Rivals In Arad County

Thu, 18 Apr 2024 20:33:54 GMT

Melinda-Impex Instal, a plumbing and sanitary ware distributor in Odorheiu Secuiesc, is buying Dennymona MG and Arnew Den in Arad County, according to an announcement from the Competition Council, which greenlighted the dead. The two companies acquired sell heating products and sanitary ware and have RON26.6 million together.

Arobs Transilvania Software To Carry Out Share Capital Increase

Thu, 18 Apr 2024 19:59:27 GMT

The group of IT firms Arobs Transilvania Software (stock symbol AROBS) has informed the capital market regarding the decision of the Board of Directors of April 18 regarding the increase of the share capital with the amount of up to RON17.4 million.

Builder CON-A Operations Doubles Profit To RON55.6M In 2023

Thu, 18 Apr 2024 18:58:40 GMT

Construction company CON-A Operations in Sibiu, the main entity of the CON-A Group of entrepreneur Mircea Bulboaca, ended 2023 with about RON772.6 million (EUR156.2 million) revenue, an increase of 34.7% on the RON573.3 million (EUR116.2 million) of 2022, ZF has calculated from Finance Ministry data.

Sphera Franchise Group Set To Pay Additional Dividend In 2024

Thu, 18 Apr 2024 16:38:33 GMT

Sphera Franchise Group (stock symbol SFG), which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of Moldova, said in a stock market report on April 18 that it plans to distribute an additional dividend in 2024, similar to the one already proposed.

B.D.G. Import Expands Portfolio By Partnering With William Grant & Sons

Thu, 18 Apr 2024 16:22:01 GMT

B.D.G. Import, the only Romanian-owned company in the top three imported spirits businesses in the country, announces the addition of the William Grant & Sons brands to its portfolio, starting April 2024.

Competition Council Approves Takeover Of Stratum Energy Romania By Emma Lambda Limited

Thu, 18 Apr 2024 15:59:44 GMT

Romania's Competition Council has approved the transaction whereby Emma Lambda Limited, Cyprus, intends to take over Stratum Energy Romania LLC, USA, together with Stratum Energy Romania LLC Wilmington, Bucharest branch and its subsidiaries, namely Stratum Construct RO S.R.L. Romania and Stratum Production Romania, LLC, USA.

Finance Ministry Raises RON600.5M From Banks On April 18, 2024

Thu, 18 Apr 2024 15:41:27 GMT

Romania's Finance Ministry raised RON600.5 million from banks on Thursday (April 18, 2024) selling government bonds with a value of RON600 million due in 2030, at an annual average yield of 6.61%.

BCR Launches George SmartEU To Ease Entrepreneurs' Access To Information About Financing Programs Via EU Or National Funds

Thu, 18 Apr 2024 13:59:03 GMT

Banca Comerciala Romana (BCR) announces a new expansion of the George digital ecosystem through the launch of George SmartEU, a functionality that facilitates entrepreneurs’ access to complete information about financing programs through European or national funds.

Crosspoint Real Estate Promotes Oana Popescu To Partner

Thu, 18 Apr 2024 13:49:39 GMT

Crosspoint Real Estate one of Romania’s leading real estate consulting agencies, has announced the recent appointment of Oana Popescu as Partner.

Packeta Romania: Logistics and Shipping Costs, The Main Challenges For Romanian Online Stores When Selling Internationally

Thu, 18 Apr 2024 11:50:07 GMT

Logistics and transportation costs are the major challenges faced by Romanian online stores when selling products abroad, according to the latest survey by Packeta Romania, a global digital platform for e-commerce and a member of Packeta Group.

New Car Registrations in Romania Down 10.1% in Q1/2024 YOY

Thu, 18 Apr 2024 08:35:42 GMT

New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with data from the Romanian and European associations ACAROM and ACEA.

Swisspod Technologies Seeks to Raise EUR200,000 on SeedBlink

Thu, 18 Apr 2024 08:06:25 GMT

Swisspod Technologies, a Swiss-American start-up developing Hyperloop, an ultra-high-speed, emission-free, intercontinental transportation solution for passengers and cargo, announces a new EUR200,000 round on SeedBlink, as part of a total EUR7 million funding.

Premier Energy Group Set to Launch IPO, Followed by BVB Listing

Thu, 18 Apr 2024 07:35:40 GMT

Premier Energy Group, which bought CEZ Vanzare in Romania and is a major player in renewable energy, announced its intention to launch an IPO at the Bucharest Stock Exchange and subsequently list on the Bucharest bourse.

Poultry Investment Budgets EUR80M Turnover for 2024

Thu, 18 Apr 2024 06:52:24 GMT

Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80 million turnover this year, up 23% on the year, banking on a production increase.