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2Performant posts a 49% increase in turnover in the first half of 2022

Wednesday, August 24, 2022

2Performant, a technology company and the leader of the affiliate marketing market in Romania, posts a turnover of 16 million lei in the first half of the year, up 49% compared to the same period of last year.   In the first six months of 2022, the 2Performant business grew at a faster rate than the entire e-commerce market in Romania.   “2022 is shaping up to ...

Nuclearelectrica achieves 1.2 billion RON profit during first semester, up by 217%

Wednesday, August 24, 2022


Nuclearelectrica achieved a net profit of 1.2 billion RON during the first semester of this year, going up by 216.8% from the 6 month period closed on June 30, 2021, according to a report sent by the Bucharest Stock Exchange on Friday.During the first semester of 2022, as opposed to the first semester of 2021, the company sold an energy quantity smaller by 5.1%, based on a 2.3% smaller electricity production, determined by the fact that in 2022 Unit 1 was ...

Cristian Prichea is the new Country Manager of SPARK in Romania

Wednesday, August 24, 2022

SPARK, the car-sharing service with the largest fleet of exclusively electric cars in Romania, appoints Cristian Prichea as the new Country Manager for Romania starting August 2022.   With extensive experience in leadership positions in the automotive sector, Cristian Prichea will play an active role in continuing SPARK’s strategic development in the competitive car-sharing market in Romania, positioning it as a ...

Roca Industry's H1 turnover at over 122 ml RON

Wednesday, August 24, 2022

 The Romanian holding Roca Industry posted a turnover of 122.5 million RON, following the H1 consolidated results, the holding said in a release.The cumulative EBITDA of the four companies in its portfolio increased 21 percent in H1 2022 compared to the same period in 2021, mainly due to higher sales and improved company performance, as well as to the expansion of operations through new acquisitions."The results in the first part of the ...

Antibiotice Iasi achieves 23.16 billion RON net profit during first semester

Wednesday, August 17, 2022


Medicine manufacturer Antibiotice Iasi achieved a net profit of 23.16 million RON during the first 6 months of this year, going up by 19.8% from the similar period of last year, according to the company's report sent to the Bucharest Stock Exchange on Tuesday."Consistently applying measures for maximizing ...

Avioane Craiova closes H1 2022 on 764,589 lei in net profit

Wednesday, August 17, 2022

Avioane Craiova recorded a net profit of 764,589 lei in the first half of this year, as against losses of 11,821 million lei recorded in H1 2021, according to areport submitted on Tuesday to the Bucharest Stock Exchange ...

7,190 companies in Romania suspend business in H1 2022

Wednesday, August 17, 2022

There are 7,190 companies that suspended their business in the first six months of 2022 in Romania, up 18.98% y-o-y, according to data released by the National Companies Registry Office (ONRC).Most of the ...

Biofarm registers a net profit of RON 43,6 million in the first six months of the year, increasing by 20%

Wednesday, August 17, 2022


Biofarm (stock symbol BIO), one of the most important drug manufacturers in Romania, reports significant increases in the first half of the year compared to the same period of 2021: turnover increasing by 17% and a net profit of RON 43.6 million, up by 20%. In addition, Biofarm recorded EBITDA of RON 59.2 million, up by 21% compared to the first six months of the previous year.   "During the first half of this year, we recorded solid financial results, ...

SeedBlink acquires Symbid Investment crowdfunding platform

Wednesday, August 17, 2022

SeedBlink,the European co-investment platform in tech startups, has announced it has completed the acquisition of Symbid, one of the world’s first investment crowdfunding platforms. The deal is set to accelerate SeedBlink coverage as a pan-European player, broadening its geographic footprint in the CEE and Benelux, and its mission to consolidate and build the equity ...

Bico Industries, in advanced negotiations to take over Lithuania's Iranga Technologijos

Wednesday, August 17, 2022

Bico Industries, the main producer of fiberglass mesh in Romania and part of the construction materials holding company ROCA Industry, is in advanced negotiations for the acquisition of a 77.5% stake in the share capital of Iranga Technologijos, a Lithuanian company.   The value of the transaction is EUR 4 million and is subject to the successful completion ...

Significant growth expected for the most important IT Integrator in Romania - S&T

Wednesday, August 17, 2022


Following a strategy to focus its business on smart IoT solutions and to adapt to changes in the European IT market, the Kontron AG Group (formerly S&T AG) announced in a press release the sale of parts of its IT services business to VINCI Energies S.A. as part of the "Focus" project.   The Group has decided to keep the S&T ...

Aluminium group Alro turns into profit as it focuses on processing

Wednesday, August 17, 2022

Romanian aluminium group Alro turned into the black for the first half of the year after losses incurred in the same period last year, and the success seems to be associated with a focus on more value-added aluminium processing - rather than energy-intensive aluminium production.   Alumina production more than halved to under 100 ktonnes while the quantity ...

Almost 16,447 companies erased in first half of 2022

Wednesday, August 17, 2022

The number of erased companies has gone up by 15.3% during the first 6 months of this year, to up to 16,447, as opposed to 14,265 during the same period of 2021, according to the centralized data of the National Trade Registry Office (ONRC).The most companies that were erased were registered in Bucharest, namely 3,078 companies (going up by 16.41%), as well as in the counties of Ilfov (669, +22.75%), Cluj (794, +21.78%), ...

Number of newly established foreign capital companies in Romania up over 35%, during first semester

Wednesday, August 17, 2022

The number of companies with foreign capital newly established in Romania increased, in the first six months of 2022, by 35.1%, compared to the same period in 2021, to 3,476 units, according to data centralized by the National Office of the Trade Register (ONRC).The 3,476 new companies had a total subscribed share capital of USD 20.242 million, 9.8% lower than that of companies registered between January and June 2021, ...

Ascendis affairs grew by 80% in first quarter, 2022, highest level in company history

Wednesday, August 10, 2022


The incomes of Ascendis group reached 4.25 million euros in the first 6 months, 2022, marking a record level in the 25 year history of the company. The large demand for training programs and team building events were the main growth factors.   Ascendis group, the leader of the training and consulting market in the field of ...

Alpha Bank Romania’s profit increased by 71,7% in the first semester

Wednesday, August 10, 2022

Alpha Bank Romania reported in the first quarter of the year a profit before taxation of 18.2 million euro, up by 71.7 against the similar period of last year, while the operational profit was 17.6 million euro, up by 53%.   The network of multifunctional ATMs 24/7 Banking was extended in almost 90% of the units (against 50% covering level at the end of June 2021), improving access of the clients to ...

Cargus Mobile App has over 300,000 downloads and an average monthly growth rate above 50%

Wednesday, August 10, 2022

In 8 months since its launch, Cargus Mobile has over 300,000 downloads from Google Play and App Store, being one of the most used business applications in Romania. More than 60,000 users have accessed the app at least once in the last 30 days (July), up 15% from the previous period. 95% of users use all the functionalities of the ...

Company strike-offs in Romania increase by almost 9% during first semester

Wednesday, August 10, 2022

The number of companies stricken off in Romania nationwide increased by 8.77% in the first 6 months of 2022, as against the same period in 2021, to 35,420 strike-offs, according to statistics with the National Companies Registry Office (ONRC).Most strike-offs were recorded in Bucharest - 5,607 (up 8.81% against January-June 2021) and in the counties of Timis - 1,605 (up 4.15%), Constanta - 1,584 (up 14.12%) and Cluj - 1,564 (up 10.92%).On the ...

Bucharest Stock Exchange and Depozitarul Central launch the online Investors Enrollment Platform

Wednesday, August 10, 2022

Bucharest Stock Exchange (BVB) and Depozitarul Central continue the ...

Competition Council analyzes takeover of Be Shaping the future by Engineering Ingegneria Informatica

Wednesday, August 10, 2022

The Competition Council is analyzing the transaction through which Engineering Ingegneria Informatica S.p.A. intends to take over the majority share package in Be Shaping The Future S.p.A., informs the institution on Friday.Engineering Ingegneria Informatica S.p.A. is an Italian provider of IT services for various industries, operating almost exclusively in Italy. The company is controlled by Bain Capital and Neuberger Berman Group.Be Shaping the ...

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