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The TeraPlast group acquires the production line for polyethylene films of the producer Brikston Construction Solutions in Sighisoara

Wednesday, September 15, 2021

The TeraPlast group announced that they signed an agreement with Brikston Construction Solutions for taking over the production of polyethylene film of the producer in Sighisoara. The agreement includes taking over the recycling equipment.   The assets are to be relocated in the Nasaud factory, to make the production more efficient. The transfer will be made on 20th ...

OTE completes purchase of 30% in former Cosmote

Wednesday, September 15, 2021

Greek group OTE has completed the acquisition of the rest of 30% stake in Telekom Romania Mobile Communications (TRMC - formerly Cosmote) from Telekom Romania Communications(TRC), thus paving the way for the sale of TRC to Orange. The price amounted to EUR 58.9 mln, slightly below the previously estimated EUR 59.5 ...

Adiss, first company operating in water treatment and purification listed on Bucharest Stock Exchange

Wednesday, September 15, 2021

Adiss becomes the first company in the field of water treatment and purification listed on the Bucharest Stock Exchange, on the AeRO market, BVB announced on Wednesday."We are glad to see today the 18th company that lists on the AeRO market of the Bucharest Stock Exchange, a company from northern Maramures, a company founded in the early 90's by some Romanian entrepreneurs who had an idea and had the consistency, the tenacity to work for almost 20 years to ...

Humans attracts a new round of financing of 9 million dollars. Razvan Munteanu and Elrond Research are among the investor

Wednesday, September 15, 2021

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Humans, one of the most famous Romanian deep tech start-ups, announced the drawing of a 9 million dollars financing through the private sale of cryptocurrency. Among the main investors are the entrepreneur ...

FintechOS launches în US to drive digitalization în undeserved financial institutions

Wednesday, September 15, 2021

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FintechOS aiming to support more than 15 financial institutions on the continent.  FintechOS forged a framework for operational success in the US with partners including Microsoft, Deloitte, Persistent and Capgemini.   100 new US hires by ...

Vitacom Electronics invests EUR 6.7 mln in new logistics centre in Romania

Wednesday, September 8, 2021

Vitacom Electronics, a distributor of electronic products and accessories, has moved to a new logistics centre after an investment of EUR 6.7 million. The company will also relocate its offices to the new location at the beginning of this fall.   The new headquarters is located in Apahida commune in Cluj county and has a total area of approximately 13,000 square meters. The warehouse has a usable area of 5,000 sqm, ...

Digital Health Index : Auto, Banks, Retail, Telecom, Pharmacies, Clinics, DYI and Soft Drinks, category leaders during July 2021

Wednesday, September 8, 2021

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July 2021 continues in digital the idyllic reality from the beginning of summer. The landscape created by the brands remained relaxed this month as well, a period of festivals and outdoor parties. People needed this freedom, to return to “normal”, a little normalcy before the threat of 4th wave of COVID-19.   “During July, the relaxation that we all felt starting June was confirmed, which is ...

In Oradea, CBRE provides strategic consulting for the cargo terminal

Wednesday, September 8, 2021

The cargo terminal in Oradea will be built by CTPark Iota, a company part of the CTP group, the largest owner and developer of logistics and industrial real estate in CEE region, which won the tender conducted by the Bihor County Council. CBRE ...

MedLife’s shares jump 5% on strong first-half results

Wednesday, September 8, 2021

MedLife (M), the biggest medical services provider in Romania, reported a 58% increase in pro-forma sales in the first half of this year to RON 741 ...

Teilor posts sales of 88 million lei in the first half of 2021

Wednesday, September 8, 2021

Teilor, the chain of luxury jewelry stores present across the CEE region, posts record sales of 88 million lei in the first six months of 2021, reporting a 116% increase in turnover compared to 2020 and a 46% increase compared to pre-pandemic levels from 2019. For the full year 2021, Teilor estimates sales of 230 million lei amid the growing appetite of consumers for fine jewelry as well as an increase in the sale of engagement rings in the third quarter of ...

Safetech Innovations posts a 76% increase in turnover and a 202% surge in net profit in the first six months of 2021

Wednesday, September 8, 2021

Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, posts a turnover of 9.3 million lei in the first six months of 2021, a 76% increase compared to the same period last year and a net profit of 1.3 million lei, 202% more than in the first half of 2020.   “The first half of the year was an excellent one for the cybersecurity sector in Romania and ...

Lectra takes over Romanian software producer Gemini CAD Systems

Wednesday, September 8, 2021

Lectra, a French technology company with revenues of EUR 236 mln, announced that it reached an agreement to buy Gemini CAD Systems - a Romanian software producer specialising in solutions for small and medium companies in the fashion industry.   The price will be set between EUR 13 mln and EUR 20 mln, depending on the achievement of growth targets.  Gemini CAD Systems was founded by Traian Luca, ...

Holde Agri Invest posts a 193% increase in revenue in the first six months of 2021

Wednesday, September 8, 2021

Holde Agri Invest SA, a Romanian company operating farmland, reports revenues of 14.9 million lei in the first half of 2021, a 193% increase compared to the same period last year.   In the first half of the year, the company made investments totaling 26.1 million lei, financed from own sources and borrowed capital, to modernize existing farms and expand the operated land area.For the entire 2021 year, the company estimates ...

Tarom accumulates another EUR 35 mln of losses in H1

Wednesday, September 8, 2021

Romanian state-owned airline Tarom reported a net turnover of RON 232 mln in the first half of 2021 (H1), slightly higher than the result recorded in the same period last year, according to data published by the company. The loss for the first semester was RON 176 mln (EUR 35 mln).   Tarom’s revenues edged up marginally by only 2.5% year-on-year in H1. Operating revenues increased by 13% to RON 269 ...

Steel mill Liberty targets 50% increase in output to 3 mln tonnes

Wednesday, September 8, 2021

Integrated Romanian steel mill Liberty Galati, formerly known as Sidex Galati, targets a production of 3 mln tonnes of steel in 2021, 50% more compared to the output of about 2 mln tonnes of steel in 2020, a company official ...

Bosch Invests Around EUR 55 M In A Third Production Facility In Cluj

Wednesday, September 8, 2021

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Bosch is officially opening the third production facility in Cluj, within the factorywhere electronic control units for electric vehicles are produced. The investment for the 34,500 sq m facility amounted to 55 million euros, says the German company. The factory was opened eight years ago and the total investments totaled over 450 million euros.   The new building has a total built area of 34,500 square meters. The factory ...

 iBanFirst opens office in Bucharest, the first in the CEE region

Wednesday, September 8, 2021

iBanFirst, one of Europe’s fastest-growing fintech companies, is expanding into Central and Eastern Europe by opening its first office in the region, in Bucharest. The company expects to attract 500 clients to its trading platform in its first year of activity in the Romanian market, and a support team of 20 consultants.   iBanFirst operates a powerful online platform that enables companies to conduct fast, ...

Promateris reports a 60% increase in turnover

Wednesday, September 8, 2021

Promateris (BVB: PPL), a Romanian industrial group and leader in the CEE region in producing biodegradable and compostable packaging, recorded a consolidated turnover of 17 million euros in the first six months of 2021, 60% higher compared to the same period of last year. The group, which also includes Biodeck (packaging distribution company), reports a consolidated EBITDA of over 2.8 million euros, registering a 106% increase compared to the first half of ...

Banca Transilvania Group posts 1.015 bln lei in H1 net consolidated profit

Wednesday, September 1, 2021

Banca Transilvania Group's net consolidated profit for the first half of 2021 stands at 1.015 billion lei, up 47.2 percent compared to the same period last year, with the bank's profit standing at 901 million lei (48.3 percent higher YoY), the group said in a report to the Bucharest Stock Exchange.Subsidiaries and other capital investments contributed over 114 million lei to BT Group's profitability.The assets of Banca Transilvania Financial Group ...

IAR Brasov posts net profit increasing by almost 19% in H1

Wednesday, September 1, 2021

 IAR Brasov made a net profit of 18.287 million lei in the first half of this year, up 18.7% from the same period last year, according to a report sent to the Bucharest Stock Exchange on Tuesday.The company achieved a net turnover of 167 million lei, in the first 6 months of this year, higher by 5.47% compared to the one achieved in the first half of 2020.The company's operating expenditures in the first half of this year were 138.866 ...

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