Banca Transilvania’s Long-Term Deposit And Issuer Rating Outlook From Moody’s Changed From Stable To Positive
today, 14:33
Moody's Ratings has today affirmed the Baa2 long- and short-term deposit ratings and the Baa3 long- and short-term issuer ratings of Banca Transilvania S.A. (TLV.RO). The outlook on the long-term deposit and issuer ratings was changed to positive from stable.
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Electromagnetica Ends H1/2024 With RON9M Net Loss
08.16.2024
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) reported net loss of RON9 million for the January-June 2024... more
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New Record For Romanian Car Market: Ford And Dacia To Produce For First Time More Than 600,000 Vehicles In 2024
08.16.2024
Romania’s two carmakers, Automobile Dacia and Ford Otosan, are set to produce together more than 600,000 vehicles in 2024, considering they are... more
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Prefab's Revenue Down 30% YoY To RON44M In H1/2024
08.16.2024
Precast concrete parts manufacturer Prefab Bucuresti (stock symbol: PREH), indirectly controlled by entrepreneur Petre Marian Milut, reported... more
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PartnerVet Acquires Sky Vet Clinic In Sibiu
08.16.2024
PartnerVet, a company seeking to develop through acquisitions a network of veterinary clinics and hospitals, has announced the acquisition of the... more
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Romanian Executive Cornel Caramizaru Takes The Helm Of FrieslandCampina Operations In Four Western European Countries
08.16.2024
Romanian executive Cornel Caramizaru was promoted to take over the operations of FrieslandCampina Group in four countries, namely, Spain,... more
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SmartDreamers Reports RON12.7M Turnover For 2023, Up 5% YoY
08.16.2024
The company SmartDreamers, which developed a recruitment marketing software solution, reported a turnover of RON12.7 million (EUR2.5 million) for... more
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European Commission Approves Romania’s EUR99.5M State Aid For New Nokian Tyres Plant In Oradea
08.14.2024
The European Commission has approved, in line with the EU regulations on state aid, the EUR99.5 million state aid for Nokian Tyres in Romania. more
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Briza Marii, Eforie Nord: 2024 Season Similar To 2023’s
08.14.2024
The MirageMedSpa and MirageBeach Spa hotels in Eforie Nord, controlled by the Briza Marii Negre company, operated at 85% occupancy rate in July,... more
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Rompetrol Well Services Sees RON4.1M Net Profit, RON36.7M Revenue In H1 2024
08.14.2024
Rompetrol Well Services S.A. (PTR.RO), one of the most important wellbore special services companies in Romania, announced it made RON4.13 million... more
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Evergent Investments Ends H1 With RON250M Net Profit, Three Times More Than Budgeted For Full Year
08.14.2024
Alternative investment fund Evergent Investments (EVER.RO) recorded a net profit of RON250 million in the first half of 2024, 2.6 times higher than... more
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Rompetrol Rafinare Posts $2.1B Revenue In H1, Doubles Losses To $75M
08.14.2024
Rompetrol Rafinare (RRC.RO), the operator of the Petromidia refinery, posted $2.1 billion revenue in the first half of 2024, down from the $2.7... more
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Romania’s First Regional Investment Fund For Business Acceleration Kicks Off Manager Selection Process
08.14.2024
Romania’s first regional investment fund for business acceleration, an initiative of the West Regional Development Agency, with a total budget of... more
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Bucur Obor Posts RON7.7M Net Profit, RON18.2M Revenue In H1 2024
08.14.2024
Bucur Obor (BUCU.RO company, which manages the shopping center by the same name in Bucharest, made RON7.7 million net profit in the first half of... more
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ING Bank Revises Romania’s 2024 Economic Growth Forecast To 2% From 2.8%
08.14.2024
ING Bank has decided on Wednesday (August 14) to revise its growth forecast for Romania's economy in 2024 to 2% from its previous estimate of 2.8%,... more
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Infinity Capital Investments Net Profit Up To RON104.7M In H1 2024
08.14.2024
Infinity Capital Investments (INFINITY.RO), one of the five financial investment companies listed on the Bucharest Stock Exchange, posted RON104.7... more
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Premier Energy, Electromagnetica, Iproeb Bistrita To Be Included In MSCI Indices As Of September 2, 2024
08.14.2024
The shares of three companies listed on the Bucharest Stock Exchange, namely, Premier Energy, Electromagnetica and Iproeb Bistrita, will be... more
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Practic Bucuresti Ends H1/2024 With RON19M Net Profit, Up 23% YoY
08.14.2024
Practic Bucuresti (stock symbol: PRBU), one of the largest owners of retail space in Bucharest, on August 2024 announced net profit of RON19... more
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Romcarbon Logs RON2.6M Net Loss YoY In H1/2024
08.14.2024
Plastic packaging producer Romcarbon (stock symbol: ROCE) switched to net loss of RON2.6 million, at the individual level, in the first half of... more
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Moldova's Maib Reports EUR36M Net Profit In H1/2024, Up 5.6% YoY
08.14.2024
Republic of Moldova’s largest lender, MOLDOVA-AGROINDBANK (Maib), ended the January-June 2024 period with net profit of MDL694.3 million... more
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Santierul Naval Orsova Sees Its Net Profit Growing Nearly Tenfold YoY To RON5M In H1/2024
08.14.2024
Santierul Naval Orsova (Orsova Shipyard-stock symbol: SNO) ended the first six months of 2024 with a turnover of RON54.7 million, up 24% on the... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.