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Antibiotice Iasi reports net profit of 87.9 million RON, up 15 pct, in first nine months
Wednesday, November 20, 2024
Romanian drug manufacturer Antibiotice Iasi recorded a net profit of 87.9 million RON in the first nine months of this year, up 15% compared to the same period last year, according to a company press release sent on Friday.In the first nine months of 2023, the company reported a profit of 76.7 million RON.According to the cited source, the company's turnover in the domestic and international markets in the first nine months totaled 506 million RON, up 9% ...
ABSL 2024 Report: An Industry in Continuous Development in Romania
Wednesday, November 20, 2024
November 13th was the date of the 12th edition of the ABSL (Association of Business Service Leaders Romania) annual conference, the biggest event of the business services industry.”We innovate the future. We open new roads in the business services sector” is the theme of this edition attended by over 600 specialists. The topics covered include the implementation of the latest technologies, the launch of salary and market reports, the presentation of case studies ...
DigiRay acquires Maraffka clinics and expands into the Ploiesti market
Wednesday, November 20, 2024
DigiRay, the largest radiology and dental tomography network in Romania, with its majority shareholder the investment fund Black Sea Fund, has acquired the 3 Maraffka clinics in Ploiesti entering the market in this city. This is DigiRay’s third acquisition after buying the Dental Scan centers in Bucharest (2021) and the YTS Dental View center in Oradea this year. DigiRay (Clinica Dentara S.A) is a company founded in 2011 by doctor Cristian Pop in Zalau, and ...
SIPEX: 7% increase in turnover
Wednesday, November 20, 2024
SIPEX, one of the largest distributors of construction and finishes materials from Romania, listed on the Bucharest Stock Exchange, on the AeRO market, with 27-year presence in this segment, announces the financial results recorded in the first 9 months of the current year. The company recorded a turnover of over RON 252 million, a 7% increase compared to the same period in 2023, mainly supported by a 17% increase in sales in the B2B channel. The operational profit recorded by the company in ...
MLP Group reports growth in revenue and net profit in 2024
Wednesday, November 20, 2024
MLP Group, a leading European platform for industrial and logistics real estate, continues its dynamic expansion across key markets. Responding to the increasing demand for warehouse space, the Group is bolstering its market position through strategic investments and agile portfolio management strategies. For the nine months ended 30 September 2024, MLP Group’s consolidated revenue increased by 4% year-on-year to PLN 278.3 million. Rental income from investment ...
IMPACT achieved revenues of 137.9 million lei in the first nine months, up 29%
Wednesday, November 20, 2024
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange, reports revenues of 137.9 million lei at group level in the first nine months of 2024, up 29% compared to the same period last year. Gross profit increased by 12%, with a value of 36.7 million lei. In the first nine months of the year, IMPACT sold 90 units in the completed residential compounds available for sale, namely LUXURIA Residence and BOREAL Plus. The ...
The pharmaceutical industry, 40% share in the Eltra Logis business
Wednesday, November 20, 2024
Eltra Logis, one of the main players in the niche logistics, transport and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company’s turnover. This consideration comes based on a significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The company aims to increase the pharma segment of its business to 80% by 2030. Eltra Logis’ ...
Purcari Wineries records net profit of 43.37 million RON in the first nine months, down 1%
Wednesday, November 20, 2024
The wine maker Purcari Wineries recorded in the first nine months a net profit of 43.374 million RON, down 1% compared to the same period in 2023, while revenues increased by 4%, to 262.023 million RON, according to the financial results posted on Friday on the Bucharest Stock Exchange.In the first nine months of 2023, Purcari Wineries recorded a net profit of 43.762 million RON and revenues of 252.511 million RON.According to the cited source, revenues ...
Over 120 Romanian agricultural companies file for insolvency in 2024
Wednesday, November 13, 2024
At least 123 agricultural companies in Romania have filed for insolvency so far in 2024, and their number will increase significantly in 2025, according to business restructuring and financing specialists.According to them, we will witness major imbalances in the agricultural industry in 2025 due to an expected surge in the number of companies that will no longer be able to pay their debt."Although the agricultural sector has been severely ...
Orsova Shipyard posts 5.6 M Ron in net profit January through September
Wednesday, November 13, 2024
The Orsova Shipyard posted 5.62 million Ron in net profit January through September this year, up 41.08% compared to the same period last year, according to a report sent to the Bucharest Stock Exchange.The company achieved, between January 1 and September 30, 2024, a turnover of 72.2 million Ron, 11.72% lower than the same period of the previous year, and a gross profit of 6.999 million Ron, higher by 56.88%.In the first nine months, ...
GARBE Industrial Real Estate Expands in Romania
Wednesday, November 13, 2024
GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, just set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property ...
One United Properties posts a gross profit of EUR 70.8 million in first nine months of 2024
Wednesday, November 13, 2024
One United Properties , Romania’s leading green developer of residential, mixed-use, and office real estate, recorded turnover of EUR 208.5 million in the first nine months of 2024, an 11% year-on-year decrease. This marks the second time in the Company’s history that turnover has surpassed EUR 200 million already within the first three quarters, reaffirming One United Properties strong position in the Romanian real estate market. Gross profit for the period was ...
Turbomecanica and Prebet to be added to MSCI Frontier Markets indices as of Nov 26
Wednesday, November 13, 2024
The shares of two companies listed on the Bucharest Stock Exchange (BVB) - Turbomecanica and Prebet - will be added as of November 26 to the MSCI Frontier and MSCI Romania Investable Market Indices, that include Small Cap, Mid Cap and Large Cap issuers, the BVB announced on Friday.Also, TeraPlast (TRP) will be deleted from the MSCI Frontier and MSCI Romania indices that only include Mid Cap and Large Cap companies, and included instead in the MSCI Frontier ...
Aerostar records net profit of almost 59 mln RON in first nine months of 2024
Wednesday, November 13, 2024
Aviation company Aerostar recorded in the first nine months of 2024 a net profit of 58.814 million RON, slightly down by 3.7% compared to the one obtained in the same period of 2023, of 61.09 million RON, according to the unaudited results sent to the Bucharest Stock Exchange (BVB) on Friday.The company's revenues amounted to 464.9 million RON, and expenditures to 397.77 million RON. The gross profit was, in the mentioned period, 67.16 million ...
Gov't grants 100 M euros in stated aid to Nokian Tyres facility in Oradea
Wednesday, November 13, 2024
The car tire factory in Oradea, developed by Nokian Tyres, will benefit from a state aid of almost 100 million euros, according to a decision approved during Thursday's Government meeting.The state aid will be given in the form of a grant, according to government spokesman Mihai Constantin, as he told a press conference at the Victoria Palace. The investment in Oradea totals over 625 million euros."In Bihor county, Nokian Tyres will develop ...
Competition Council Reviews Volta Grup’s Acquisition of Electrotehno
Wednesday, November 13, 2024
The Competition Council analyzes the transaction through which Volta Grup S.R.L. intends to take over Electrotehno S.R.L. Volta Group S.R.L. is active in the field of electrical equipment distribution. Electrotehno S.R.L operates in the field of production of electrical equipment for the control and distribution of ...
ELECTROPLAST: Over EUR 9 million investments to modernize the factory
Wednesday, November 13, 2024
ELECTROPLAST, one of Romania’s leading electrical cable manufacturers, marks a new development phase through the implementation of an investment project worth over 9 million euro, aimed at technological modernization of the factory and through expanding its presence in major railway infrastructure projects. Through current investments and strategic partnerships, the company continues to strengthen its position in the production of high-performance electrical cables, ...
Vodafone Romania signs Memorandum of Understanding for acquisition of Telekom Romania Mobile Communications
Wednesday, November 6, 2024
Vodafone Romania has signed a Memorandum of Understanding for the acquisition of Telekom Romania Mobile Communications, including a significant part of its assets from the Hellenic Telecommunications Organization (OTE), Vodafone announced in a press release on last Thursday.Digi Romania will also take over part of the assets."This is an important moment for the Romanian telecommunications market, with significant growth potential once this transaction is ...
Competition Council Approves Azzurra Leaf Two SRL’s Stake in Pasfin Spa
Wednesday, November 6, 2024
The Competition Council authorized the transaction by which Azzurra Leaf Two S.r.l. intends to become a shareholder of Pasfin S.p.A., together with the Pasquini Family. Prior to the transaction, Pasfin S.p.A. it was fully owned by the Pasquini Family. Azzurra Leaf Two S.r.l., from Italy, exclusively carries out activities related to the acquisition and management of participations in ...
DIGI Launches in Portugal with Competitive Pricing from Day One
Wednesday, November 6, 2024
Beginning November 4, DIGI launches its commercial operations in Portugal, offering a wide range of services for individual users: fiber optic broadband internet, mobile voice and data on 2G/4G/5G networks, television, and fixed telephony. In a future phase, DIGI aims to diversify its portfolio with solutions targeted at the business segment. Within just two and a half years, DIGI ...