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TeraPlast Group's H1 net profit up 71 pct

Wednesday, July 28, 2021

TeraPlast Group's net profit reached 28.67 million lei in H1 2021, up 71 percent from the 16.8 million lei registered in the year-ago period, shows a report submitted to the Bucharest Stock Exchange.The Group's turnover hit almost 273 million lei, and the half-year EBITDA (profit before interest, taxes, depreciation and amortization) was 42.7 million lei; this stands for a steep increase by 40 percent in revenues and an EBITDA advance of 47 percent compared ...

Antibiotice's business turnover advances 11pct in H1 2021

Wednesday, July 28, 2021

The Iasi-based Antibiotice pharmaceuticals company has reported an H1 2021 business turnover of 163.39 million lei, up 11% from 2020, according to a company's press statement released on Monday.From its H1 2021 revenues, the company paid the public healthcare system 13.5 million lei in the clawback tax, which influenced the profitability rate. The gross profit rate together with the expenses related to the clawback tax is 20.4%, according to the company. ...

ONRC: Almost 3,100 companies, legal persons enter insolvency in first half of the year

Wednesday, July 28, 2021

 The number of companies and legal persons (PFA) that entered into insolvency increased by over 30pct in the first six months of this year, compared to the same period in 2020, with 3,076 insolvencies having been registered, according to data published on the website of the National Office of the Trade Register (ONRC).Most insolvent companies and PFAs were registered in Bucharest, respectively 604, up 42.79pct compared to the period January-June ...

Air Claim went public on the AeRO market

Wednesday, July 28, 2021

Air Claim, a company that has been facilitating the obtaining of compensations for air transport passengers since 2018, went public today, July 23rd, on Bucharest Stock Exchange’s AeRO market. The company's shares are traded under the ...

Vodafone Romania announces indicators for the end June

Wednesday, July 28, 2021

Vodafone Romania announces the key performance indicators for the quarter ended June 30th, 2021, as reported by Vodafone Group Plc.Vodafone Romania delivered good performance despite of the challenging context in the quarter ended June 30th, 2021.The Service Revenue is at EUR 190.9 million and continues to be stable on quarterly evolution.   Vodafone Romania customer base reached 11.2 million at June ...

Competition Council authorizes takeover of Omniform by Proplast Group

Wednesday, July 28, 2021

The Competition Council authorized the transaction by which the Proplast Group, through Nutripack SAS, takes over Omniform and, indirectly, Duton Plast Muscel, according to a release of the competition authority.The Proplast Group, through its subsidiaries, is active mainly in the production of rigid plastic packaging in the European market. The Proplast Group is also active in the sector of reusable plastic cup sales and in the production of equipment and ...

IFC to provide a green loan to NE Property BV

Wednesday, July 28, 2021

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In its effort to support the retail property sector in Romania, one of the hardest hit by the COVID-19 pandemic, IFC has agreed to provide a green loan to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, the largest retail property owner in Central and Eastern Europe. The loan will help build a strong green business infrastructure in the country, prompting low-carbon economic growth.   IFC`s ...

Framey has raised $1M Seed investment to build social travel app

Wednesday, July 28, 2021

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The travel startup is helping users transform their dream photos into memorable trips   Framey has raised a $1 million Seed funding round from ICE Capital and ...

Archbee raises USD 1 mln in investment round

Wednesday, July 28, 2021

Romanian startup Archbee, founded by Dragos Bulugeanu in 2019 and providing a tool for project management in the software development area, raised USD 1 mln in a financing round led by Inovo Venture Partners.   The company has also been accepted into the US accelerator YCombinator, which has previously supported startups such as Airbnb, DoorDash or ...

Competition Council authorizes takeover for Bencis 7, Abriso Holding and Abriso - Jify by Quva (Luxembourg)

Wednesday, July 28, 2021

The Competition Council has authorized the transaction through which Quva, the Grand Duchy of Luxembourg, through Piatraco, Belgium, took over the companies of Bencis Holding 7, Abriso Holding and Abriso - Jify from Belgium, according to a press release sent by the competition authority.Both Quva and Bencis Holding 7 are carrying out activities specific to holdings.Piatraco NV, Belgium, was established especially for this acquisition.Abriso ...

Prefera Foods raises 5 mln euro in bond placement, to expand in Europe, U.S

Wednesday, July 28, 2021

Canned food producer Prefera Foods said that it has raised 5 million euro ($5.9 million) in a private bond placement and plans to expand in Europe and the U.S.   Prefera Foods will use the funds to finance the planned expansion in Europe and in the U.S, where it intends to launch its latest Unfished product range offering a vegetable alternative to tuna and salmon, it said in ...

Scallier acquires retail park in Timisoara

Wednesday, July 21, 2021

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Polish property investment company Scallier has acquired a retail park in Romania's western city of Timisoara, deal advisor PeliPartners said on Tuesday.   The park, acquired by means of a business transfer from Oasis group, will be further operated under the brand FunShop Park, PeliPartners said in a press release. "The concept introduced by Scallier on the Romanian market involves the integration of modern premises to serve a ...

Aquila concludes the integration of Agrirom

Wednesday, July 21, 2021

Aquila, a consumer goods and logistics distribution company, has successfully completed the integration process of Agrirom, a company specialized in the distribution of temperature-controlled food products.   The integration follows the merger by absorption of the two companies. The acquisition of Agrirom was one of the largest transactions in recent years in the distribution sector in the HoReCa market. Aquila thereby ...

Frederico Monteiro is the new BAT Director For Central Europe South Area

Wednesday, July 21, 2021

BAT appoints Frederico Monteiro to lead its Central Europe South Area. After fulfilling all registration requirements, Fred will be based in Bucharest, leading the operations for 7 markets: Romania, Bulgaria, Ukraine, Moldova, Czech Republic, Slovakia and Hungary. Ram Addanki, who has been successfully leading the Area for the past 3 ½ years will be retiring from the business. BAT is Romania’s largest contributor to the state budget, having paid in 2020 over 9,6 billion RON in ...

ABIT Puresoft opens office in Germany

Wednesday, July 21, 2021

ABIT Puresoft has announced the official opening of a new Nuremberg office, as a result of significant growth in recent years. With the number of customers increasing by 260% and the staff doubling, we are continuously exploring ways to serve our customers better.   The new Nuremberg office provides ample space for our team to continue providing quality tailored services on the ServiceNow and UiPath platforms.   “We are proud to announce ...

BVB-listed agri group Holde Agri completes EUR 6 mln capital increase

Wednesday, July 21, 2021

Holde Agri Invest (HAI), a Romanian company that operates arable land, announced on July 15 at the Bucharest Stock Exchange (BVB) that it concluded the second stage of the capital increase, in which 6.55 mln of Class A common shares that remained unsubscribed in the first stage were offered to investors in a private placement that ended early than planned.   The price was set at RON 1.44 per share. In the first stage, which took place between June 4 and July 3, 2021, ...

Zitec becomes one of the 20 Microsoft partners in the world specialized in

Wednesday, July 21, 2021

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Zitec, leader on the IT & digital marketing market in Romania, received a new recognition from Microsoft, being the first company in Romania and one of the only 20 partners worldwide that have obtained the advanced specialization ...

Altex Group enters tourism business

Wednesday, July 21, 2021

Romania's Altex Group said on Thursday that it is establishing a tourism business unit together with local tour operator Karpaten Tourism.   Altex Travel will provide over 10,000 offers for holidays in Greece, Egypt, Turkey, the UAE, Croatia, Spain, Portugal, the Maldives, Dominican Republic, Zanzibar and Kenya, Altex Group said in a press release.   "We aim to become a major player in the market, to diversify our ...

eJobs Romania records 70 pct increase in turnover in first half of 2021

Wednesday, July 21, 2021

  The eJobs Romania recruitment platform registered a turnover of over 5.5 million euros in the first half of this year, up by almost 70% compared to last year, according to a company statement ."We are closing the first half of the year with a turnover of over 5.5 million euros, up almost 70% from last year. This development does not necessarily come as a surprise because 2020 has been a year of sacrifice for everyone. The good news is that we have ...

AmCham: 64 pct of company executives believe pandemic has brought them opportunity

Wednesday, July 14, 2021

   Two-thirds of the executives of member companies of the American Chamber of Commerce in Romania (AmCham Romania) who participated in the survey on investment quality in Romania believe that the pandemic has brought them an opportunity, Ionut Simion, president of the organization told a press conference on Wednesday."As we saw from the results of the survey, the effects of the pandemic are not long lasting. Last year, ...

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