ZF

Transgaz Calls Shareholders To Vote On Establishing Company For Hydrogen Transmission

Fri, 26 Apr 2024 19:25:19 GMT

The Board of Directors of natural gas transmission company Transgaz (TGN.RO) has convened on June 5 the extraordinary general meeting of shareholders to vote on establishing a limited liability company for hydrogen transmission, the company said in a stock market report on April 26.

Competition Council Approves Takeover Of Copraag Entrepreneur By Ubitech Constructii

Fri, 26 Apr 2024 18:28:53 GMT

Romania's Competition Council announced on April 26 that it had approved the transaction through which Ubitech Constructii SRL intends to take over Copraag Entrepreneur SRL.

Competition Council Approves Takeover Of AEQH24 By NIFCO Germany

Fri, 26 Apr 2024 17:35:50 GMT

Romania's Competition Council announced on April 26 that it had approved the transaction whereby AEQH24 GmbH intends to take over NIFCO Germany, including its subsidiaries, SEGO GmbH, Germany, NIFCO Germany d.o.o., Serbia and NIFCO KTW America Corporation, USA.

Aquila Part Prod Finalizes Parmafood Acquisition

Fri, 26 Apr 2024 17:24:52 GMT

Aquila Part Prod (AQ.RO), an entrepreneurial company providing distribution and logistics services for consumer goods in Romania, has finalized the acquisition of 100% in Parmafood Trading SRL and Parmafood Group Distribution SRL, following fulfillment of all suspensive conditions stipulated in the contract, it said in a release.

Socep Constanta Rejects Proposal Of Shareholder Sammarina Imobiliare To Distribute RON50M Dividends

Fri, 26 Apr 2024 16:29:01 GMT

The shareholders of port operator Socep Constanta (SOCP.RO) have rejected the proposal of shareholder Sammarina Imobiliare SA regarding the distribution of dividends in the amount of RON50 million, from the 2023 net profit, the company announced in a stock market report on April 26.

Budget Deficit Already At 2% After Q1, 2024

Fri, 26 Apr 2024 14:30:09 GMT

Government budget spending increased by 23% to RON168 billion in the first quarter of 2024, data on the execution of the general consolidated budget of Romania released by the Finance Ministry on Friday show.

Oil Terminal Shareholders Approve RON9.6M Dividends From 2023 Net Profit

Fri, 26 Apr 2024 12:19:31 GMT

Romanian state-run port operator Oil Terminal (OIL.RO) has announced in a stock market report that its shareholders approved in their ordinary general meeting of April 26 the distribution of RON9.6 million as dividends, from the company's 2023 net profit, of RON15.3 million.

Conpet Shareholders Approve RON58M Dividends, With 7.72% Yield

Fri, 26 Apr 2024 12:07:35 GMT

The shareholders of Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) approved in their ordinary general meeting of April 25 the distribution of RON58.7 million as dividends owed to investors, the company announced in a stock market report.

Romgaz Approves RON524M Dividends from 2023 Profit

Fri, 26 Apr 2024 08:09:20 GMT

Romania’s state-owned natural gas producer Romgaz has informed the capital market about its shareholders’ decision to distribute 20% of 2023 net profit under the form of dividends.

CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months

Fri, 26 Apr 2024 07:57:56 GMT

Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will average 5.33%.

Raiffeisen Set to Send RON860M Worth of Dividends to Vienna, Half 2023’s Record High Profit

Fri, 26 Apr 2024 07:05:25 GMT

Raiffeisen, the Romanian subsidiary of the Austrian group of the same name, will distribute dividends worth RON860 million, namely half the record high profit of 2023.

Poland’s Spyrosoft Solutions Posts RON46M Turnover, RON5.7M Profit in Romania in 2023

Fri, 26 Apr 2024 06:56:52 GMT

Spyrosoft Solutions SRL, the local subsidiary of Poland’s software engineering company, in 2023 registered RON46 million turnover, over fourfold bigger than in 2022.

Kaufland Opens Unit in Nasaud, Reaches 178-Unit Network in Romania

Fri, 26 Apr 2024 06:51:03 GMT

German retailer Kaufland has opened a new unit, in Nasaud city, Bistrita-Nasaud county, thus reaching a network of 178 hypermarkets nationwide.

Cristian Rusu Wants to Bring Rus Savitar Back to Growth

Fri, 26 Apr 2024 06:46:02 GMT

Cristian Rusu, the entrepreneur who bought back Casa Rusu-Rus Savitar group from the investment fund Greenbridge to which he had sold it in 2019, says that since late last October, when he reentered its shareholding structure, he has taken a series of measures to gradually bring the business back to growth.

SD Worx Bets On Romania Growing Faster Than Group, By 20% In Coming Years

Fri, 26 Apr 2024 04:00:00 GMT

The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian Software - the industry leader - in the coming years.

Mobila Dalin's 2023 Turnover Drops Nearly 8% YoY To RON48.9M

Thu, 25 Apr 2024 22:06:20 GMT

Upholstered furniture manufacturer Mobila Dalin based in Reghin (Mures County) ended 2023 with a turnover of almost RON48.9 million (EUR9.9 million), down almost 8% from RON53.2 million (EUR10.8 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.

Electrica To Pay Out RON40M Dividends

Thu, 25 Apr 2024 21:54:51 GMT

The shareholders of electricity supplier and distributor Electrica (EL.RO) on April 25 approved the distribution of dividends in the amount of almost RON40 million, from the 2023 net profit.

BRD SocGen To Pay Out RON817M Dividends, Namely 50% Of 2023 Net Profit

Thu, 25 Apr 2024 21:44:14 GMT

The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of a gross dividend of RON1.1725 per share from the net profit of 2023, as per a stock market report published at the Bucharest Stock Exchange.

Shareholders Greenlight One United Properties’ Corporate Bond Issuance Program

Thu, 25 Apr 2024 20:51:54 GMT

Real estate developer One United Properties (ONE.RO) has notified the stock market about the decision of its shareholders to approve a corporate bond program of up to EUR300 million to streamline financing cots and refinance some loans.

Nuclearelectrica To Distribute Dividends Worth Over RON1B To Shareholders

Thu, 25 Apr 2024 20:42:57 GMT

Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report that its shareholders approved, in their general meeting of April 25, the distribution of dividends in the amount of RON1.12 billion, with the bulk going to the state budget.