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ZF English
4h ago
BRD (BRD.RO), the fourth largest bank by assets in Romania, ended the first quarter of 2024 with a slightly lower (5%) net profit, RON326 million, while lending to individuals and companies grew at double-digit rates, the lender said in a report to the Bucharest Stock Exchange ..read more
ZF English
5h ago
Leoni Group, which produces wiring harnesses for the automotive industry and employs 12,000 people in several factories in Romania, has announced that it will close its factory in Ludus, Mures County ..read more
ZF English
6h ago
Coca-Cola HBC Romania, the leader in the soft drinks market, recorded a decline in volumes of more than 10% (low-double digits) in the first quarter, driven by Sparkling and Stills beverage categories, the group says in its latest financial report ..read more
ZF English
6h ago
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Thursday (May 2, 2024 ..read more
ZF English
9h ago
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, reached more than 50 points in April, which could be the first clear sign of rebound for the Romanian manufacturing sector, although the recovery is expected to be non-linear, a report by Erste Group published on Thursday shows ..read more
ZF English
15h ago
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million net profit, up 21 ..read more
ZF English
17h ago
Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center of Targu Mures, previously known as Promenada Mall ..read more
ZF English
17h ago
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as a result of increased operating expenses, higher personnel costs, IT investments ..read more
ZF English
19h ago
Star Storage, one of the best-known local IT companies, which entered insolvency this January with total debts of RON52 million, in 2023 registered a RON4.5 million net loss and RON32.8 million turnover, up 12% from 2022 ..read more
ZF English
19h ago
Cristian Pandel, CEO of tour operator Christian Tour, a major player on Romania’s tourism market, plans to acquire some market players to expand the company. The travel agency is already in talks to take over some market operators ..read more