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TotalSoft registered a turnover of over 31 million euro in 2022, up by 26%

Wednesday, March 22, 2023

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TotalSoft, supplier of business informatics systems in Central and Eastern Europe registered in 2022 a turnover of over 31 million euro, 26% higher than in the previous year, announced the company.   TotalSoft invested last year approximately 5 million euro in the development of products, with 13% more than in 2021, concentrating at the same time on drawing new partners. As a result, the recurrent revenues represented in ...

Sipex shares included in BETAeRO index, 9 months from company listing

Wednesday, March 22, 2023

The shares of construction materials wholesaler Sipex Company, listed on the Bucharest Stock Exchange in the AeRO market, have been included in the BETAeRO index as of March 20, 2023, the company informed on Monday in a press release.For a company to be included in the BETAeRO index, it must have a liquidity ratio of at least 0.5 percent (50 bps) and a free-float capitalisation of at least 5 million RON at the time of the analysis. The free-float ...

ONRC: 1,668 companies in Romania suspend business in January 2023

Wednesday, March 22, 2023

The number of companies that suspended their business in January 2023 was 1,668, increasing by 30.41pct compared to the first month of 2022, according to the data published by the National Trade Registry Office (ONRC).Most companies that suspended their activity in the mentioned interval were from Bucharest, namely 212 (increasing by 120.83pct compared to January 2022), the Capital city is followed by the counties of Brasov, with 83 (increasing by 48.21pct), ...

Companies from Bucharest own almost 20% of Romania's merchandise exports

Wednesday, March 22, 2023

Companies with their headquarters in the city of Bucharest exported goods worth 15.3 billion euros in the first 10 months of 2022, which represents 19.9% of Romania's exports, the Bucharest Chamber of Commerce and Industry (CCIB) informs on Thursday.The said companies exceeded by 37% the value achieved in the similar period of 2021, an average higher than the growth of Romanian exports in the respective period (25.8%), according to CCIB representatives, who ...

Factoring market reports record 30-pct in 2022, operations of EUR 7.85 billion

Wednesday, March 22, 2023

Romania's factoring market reported a record growth of 30% y-o-y, to about 7.85 euros, including 6.78 billion euros of domestic factoring operations, a 34% increase from 2022, reveals an annual market survey carried out by the Romanian Factoring Association (ARF).In terms of the turnover of the companies that accessed funds by factoring, the shares remain almost relatively stable from last year, meaning companies with a turnover in excess of 50 million euros ...

Tara Mea cooperative to invest 2.5 mln EUR for development of Romanian ready-meal products

Wednesday, March 22, 2023

Tara Mea [My Country] cooperative will invest 2.5 million EUR for the development of the "ready to cook" & "ready to eat" product ranges in the already operational Aaylex factories in Buzau and Calarasi, the organization announced on Thursday.The cooperative's investment aims at pieces of equipment to optimize the technological and logistic flow in the said factories strictly for the respective product ranges.Thus, following the collaboration ...

APS Group buys non-performing loans from a Romanian bank

Wednesday, March 22, 2023

The nominal value of the acquired portfolio (project Osiris) is totaling EUR 24 million. This deal consists of nearly 7.000 private unsecured loans with an average nominal value of EUR 3.500.   The seller of the non-performing retail unsecured portfolio is one of the largest banks in Romania.   “The Romanian market is highly important for us. We acquired a few ...

TeraPlast Included In The ROTX Index Of The Vienna Stock Exchange

Wednesday, March 22, 2023

TeraPlast shares have been included by the Vienna Stock Exchange in the ROTX EUR index following the review of its composition. The new structure takes effect starting March 20, 2023.   ROTX, launched in 2005, is a capitalization weighted price index, it is comprised of 15 Romanian blue chip stocks, is tradable and is used as a support for structured products and derivatives. The composition of the index ...

STADA Romania announces consolidated turnover of RON 247 million in 2022

Wednesday, March 22, 2023

STADA Romania, the Romanian subsidiary of the German group STADA Arzneimittel AG, announces for 2022 a consolidated business value of more than RON 247 million, up 37% compared to 2021, when it generated business of RON 180.1 million. STADA Group operates on the Romanian market through STADA M&D (pharmaceutical sales operations) and STADA Hemofarm (pharmaceutical testing laboratory and quality auditing).   STADA M&D ...

One United Properties targets consolidated gross profit of EUR 125.9 million in 2023

Wednesday, March 22, 2023

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One United Properties, Romania’s leading developer of sustainable residential, mixed-use and office real estate, proposes to the Annual General Meeting of Shareholders from April 25th, 2023 a target for consolidated gross turnover in 2023 of EUR 290.2 million, a 23% increase compared to the 2022 preliminary result, and a consolidated gross profit of EUR 125.9 million, 12% higher than the preliminary result for ...

Pedro Construct launches the ARQA brand

Wednesday, March 22, 2023

After 30 years of existence, Pedro Construct has decided to go to the next level and start a new line of business, which comes alongside a change in vision and strategy for all projects that will follow.   Through his association with Florin Ababe, Petre Niculae has already begun the first development under the ARQA brand – with the launch of ARQA Jolie Village, a premium residential complex in the Northern area of ...

Local M&A market bounces back to pre-pandemic level in 2022

Wednesday, March 15, 2023

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  The mergers and acquisitions market in Romania, signed and concluded trades, reached 5.4 billion euros in 2022, surpassing the pre-pandemic level of 5.2 billion euros of 2019, according to says PwC , a consultancy company.The development was supported by a transaction of over one billion euros in the Neptun Deep deposit, and when the transactions announced last year but still pending are added the value reaches 6.6 billion euros, says ...

Romanian companies are reluctant to adopt a four-day work week 

Wednesday, March 15, 2023

Six in ten businesses in Romania say they are reluctant when it comes to adopting a four-day work week, although the approach has been successfully experimented in other countries, according to the results of a survey by BestJobs ,an online recruitment platform.According to data centralised by BestJobs, although 80% of employees want to work only four days a week, even if they had to work 10 hours a day, 40% of employers fear that such work hours would ...

3,374 companies scraped in January 2023, 41.17 pct more than in January 2022

Wednesday, March 15, 2023

As many as 3,374 companies were scraped in the first month of this year, 41.17 pct more compared to January 2022, according to the data centralized by the National Trade Registry Office (ONRC).The most dissolutions were registered in Bucharest, respectively 681 companies (number increasing by 64.1 pct), and in the counties of Timis (174, +53.98 pct), Constanta (167, +19.29 pct), Cluj (144, +38.46 pct) and Ilfov (138, plus 33.98 pct).At the ...

Over 5,500 companies deregistered in first month of 2023

Wednesday, March 15, 2023

A number of 5,511 companies were deregistered nationally in January 2023, by 4.45% more compared to the same period last year, according to the statistics of the National Trade Registry Office (ONRC).The most deregistrations were registered in the city of Bucharest - 856 (plus 17.58% compared to January 2022) and in the counties of Timis - 260 (plus 8.79%), Constanta - 257 (plus 1.98%) and Cluj - 254 (plus 14.93%).At the opposite pole, the fewest ...

Analysis: Business environment still dealing with gender inequality

Wednesday, March 15, 2023

The business environment in Romania is still dominated by men and there is inequality in entrepreneurship based on gender, although a significant progress could be seen in recent years, with women being increasingly present either as entrepreneurs or in management functions, show the conclusions of an analysis to which the founders of some companies in IT, HR, interior design and marketing responded."Currently, I believe that business has a male gender, ...

Norofert reports for 2022 a consolidated turnover of 70 million lei

Wednesday, March 15, 2023

Norofert SA (BVB Symbol: NRF), the main producer of organic inputs in Romania and an experienced player in the agricultural market, reports strong business growth compared to the previous year due to the development of the business lines in the portfolio. In this regard, the operating income of the group reached 77.35 million lei in 2022, an increase of 58% compared to the same period in 2021.   The consolidated turnover ...

Sarom Packaging concludes 2022 with more than 200% growth of premium and super-premium glass-packaging business lines

Wednesday, March 15, 2023

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Worldwide efforts towards environmental protection have started to make their mark, already triggering an ascending trend on the glass packaging market. Last year Sarom Packaging reported a turnover of 41.5 Mln RON, registering a 180% net result growth compared with 2021 year. The company is one of the most important producers and consultants on the local market.   2022 continued to challenge the players in various fields ...

Romania to build gunpowder and ammunition plant in collaboration with US and South Korea

Wednesday, March 15, 2023

Romania, in cooperation with the United States and South Korea, plans to build a plant for the production of gunpowder and ammunition, Romanian Economy Minister Florin Spataru said on the air of the Romanian TV channel TVR Info. He recalled that the last gunpowder plant in Romania was closed in 2004, after ...

Grupo Bimbo arrives in Romania and expands its global presence to 34 countries

Wednesday, March 15, 2023

Grupo Bimbo, the world’s leading and largest bakery company, announces its arrival in Romania following the acquisition of the Vel Pitar bakery. Founded in 1999, Vel Pitar operates ten bakeries in Romania, employes roughly 1,800 associates, and includes a diversified portfolio with more than 12 recognized brands of breads and other products. The company is ranked number one in freshness in markets in which it competes. Its brands include Vel Pitar, French Toast, ...

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