Romania-based telecommunications group Digi Communications announced its net profit doubled to EUR 54.3 million in H1 2024, on an annual basis. while consolidated revenues grew by 13% to EUR 921 million. The group’s market capitalization is now EUR 1.24 billion after the price of its shares rose 77% over the last year. This puts the annualized profit realized in H1 at 8.8%.
READ MORE
Over the first half of 2023, insurance firm Groupama Asigurari retained its top spot on the Romanian overall insurance market, with a yet significant surge in gross written premiums (GWP) of 27.8%, up to RON1.99 billion, y-o-y. With a broad network of agencies and multiple distribution channels, Groupama Asigurari offers a range of products from property and casualty insurance to life and
READ MORE
Polish retailer of consumer leather goods Wittchen, will open the first store in Romania within the ParkLake Shopping Center in Bucharest, developed by Portugal’s real estate services provider Sonae Sierra. Romania is the 6th market where Wittchen is present. The brand already has stores in Poland (97), Czechia (7), and Hungary (3), with 10 franchised stores in Ukraine as well, while also
READ MORE
Bucharest-listed OMV Petrom, the largest integrated energy company in Southeast Europe, signed a contract for the purchase of natural gas with BOTAŞ, the national oil and gas company of Türkiye. The contract was signed for a period of 18 months, starting October 2023 and allows for the supply of up to 4 million cubic meters per day. “Natural gas is essential for
READ MORE
Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use, commercial, and office real estate in the Romanian capital, has convened its shareholders for October 9, 2023. The agenda of the ordinary general meeting of shareholders includes the approval of the distribution of interim dividends from the company’s profit corresponding to the first six months of the financial year
READ MORE
Moldovan fintech platform Fagura got the green light from Romania’s Financial Supervisory Authority (ASF) to start operations in the country of 20 million people. Key elements of this approval process included demonstrating a robust product and technology as well as a solid business plan for the medium and long term, proven risk assessment capabilities, establishing a legal entity in Romania, and committing
READ MORE
Bucharest-listed Purcari Wineries, the CEE’s leading wine producer, has appointed Alex Filip as Deputy CEO, effective as of January 1, 2024, the company announced in a stock market report on Monday (Sept 4). Mr Filip will attend the Romania and Frontier Investor Days in Bucharest, September 7-8, to introduce himself to the investors’ community. As Deputy CEO, Mr. Filip will report to
READ MORE
State-owned Romanian power producer Hidroelectrica’s IPO, which had been under discussion for over a decade, was multiple times oversubscribed and priced slightly above mid-range of the price range. This results in a valuation of above EUR 9.4 billion, making the country’s largest electricity producer’s IPO the largest ever made on the Bucharest Stock Exchange (BVB), the largest in Europe and the third
READ MORE
