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TeraPlast shares included in CECE Mid Cap index of Vienna stocks
Wednesday, September 29, 2021
TeraPlast (TRP)'s securities were included by the Vienna Stock Exchange in the CECE Mid Cap index, part of the CECExt (CECE Extended Index) family of regional indices, starting with September 2021, according to a company statement sent on Tuesday.By including it in this index, the visibility of TeraPlast's share will increase at regional level."The increase of TeraPlast's visibility in the international landscape increases investors' ...
Teilor invests 30 million lei in the development of the store network in Romania, Poland and Hungary by the end of the year
Wednesday, September 29, 2021
TEILOR, the chain of luxury jewelry stores present across the CEE region, announces investments of 30 million lei before year-end in developing the store network in Romania, Poland, and Hungary. In the following period, the company will open four stores in Poland, of which three are new locations, and one is a relocation. Locally, TEILOR targets the opening of two new stores in Romania as well as relocation and expansion of the other two ...
Carrefour Romania takes over delivery platform Bringo
Wednesday, September 29, 2021
The Romanian subsidiary of French retail group Carrefour owns 100% in the local home delivery platform Bringo after purchasing, for RON 21.6 mln (over EUR 4 mln), the last 10% stake it didn't own already. Carrefour has been a partner of Bringo since it was set up in 2016, and it gradually increased its stake to 100% upon paying in total RON 38.6 mln (some EUR 7.7 mln, at the current ...
Net results of non-financial companies in Romania exceeds 100 bln RON threshold in 2020
Wednesday, September 29, 2021
The number of companies, the net results and own capitals have reached a historical maximum during the pandemic, while non-financial companies' business in Romania decreased, according to the annual KeysFin "Business conditions in Romania" study.Last year, the net result of non-financial companies in Romania increased by nearly 13 pct over 2019, to 104.5 billion RON, and has exceeded, for the first time, the threshold of 100 billion RON, by 221 ...
SEWS Romania announces closure of offices in Hateg and Orastie, 640 employees to be laid off
Wednesday, September 29, 2021
The wiring manufacturer for the automotive industry SEWS Romania will start a collective redundancy process that will result in the closure of work points in the western cities of Hateg and Orastie (Hunedoara County), as well as the restructuring of support activities, the measures being expected to affect approximately 640 employees, reads a company press release sent on last Thursday."The main reason for this decision is the increase in direct ...
The medical and logistic segments accelerated demand for architecture services
Wednesday, September 29, 2021
TESSERACT ARCHITECTURE, the single architecture studio in Romania specialized in medical architecture and one of the very few such studios in CEE, estimates to double its business turnover by the end of 2021 as compared to 2020, when it registered almost EUR 1 million. The increase is generated as a result of high demand especially from the medical and logistic segments, which accelerated investments during the pandemic period, the company ...
Elfi reaches a turnover of EUR 3 million in the first part of 2021
Wednesday, September 29, 2021
Elfi, one of the most important producers of hygienic tissue paper in Romania, registered in the first half of 2021 a turnover of approximately 3 million euros, 20% higher compared to the same period of 2020, and plans to invest in a new production ...
Anchor Group takes over multiplex in Bucharest's first shopping mall
Wednesday, September 29, 2021
The Hollywood Multiplex cinema in Bucharest Mall - the first full-fledged shopping mall in Romania's capital city, was sold to Turkish Anchor Grup, which already owns Bucharest Mall (beside Plaza Romania) and is one of the most important developers in Romania. The multiplex was sold at the beginning of 2016 by CME, at that time the owner of PRO TV, to the company ...
Waterdrop enters the Romanian market
Wednesday, September 29, 2021
Waterdrop, manufacturer of microdrink – compact hydration cubes that dissolve in water and record the fastest growth in Europe, makes its debut on the Romanian market through the website www.waterdrop.ro. The company’s mission is ...
Bento reports revenues of RON 11.9 million in the first six months of 2021
Wednesday, September 22, 2021
Bento, Intellectually Curious, a Romanian entrepreneurial company specialized in the development and implementation of software solutions and the delivery of IT and Cloud infrastructure services, reports a turnover of 11.9 million lei in the first six months of 2021, a record increase of 88% compared to the same period last year. The company estimates a turnover of 26.3 million lei for the whole year and intends to continue developing its software products and expanding its ...
Agroserv Mariuta reports a turnover of RON 25.6 million in the first six months of 2021
Wednesday, September 22, 2021
Agroserv Mariuta (BVB: MILK), a Romanian agricultural company and ...
ALPLA Group investing in the construction of a recycling plant in Targu Mures
Wednesday, September 22, 2021
The ALPLA Group, world leader in plastic packaging and recycling solutions, continues its efforts to achieve its sustainability objectives by investing in the construction of a recycling plant in Targu Mures. “Our aim at ALPLA now and in the future is to establish a bottle-to-bottle cycle – including in regions in which the collection and recycling of waste still has potential for development. By ...
Simtel Team reports a turnover of RON 18.5 million
Wednesday, September 22, 2021
Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, reports a record turnover of 18.5 million lei in the first six months of 2021, up 30% compared to the same period last year and a net profit of 0.76 million lei, an increase of 41% compared to the same period in 2020. Renewable energy projects contributed 79% to total turnover. “In ...
Bonami expands in the Balkans and the Baltic Countries
Wednesday, September 22, 2021
Bonami, the online retailer of furniture and home accessories, is growing again. After Central Europe, it is now expanding to Slovenia, Croatia, Lithuania and Latvia. All these countries have in common the fact that they are located close to the markets where Bonami is active, and also their potential for online sales. With this step, the company will almost double the number of countries in which it is present. On ...
Elefant.ro sinks into the red as e-commerce shrinks post-pandemic
Wednesday, September 22, 2021
Romanian online retailer Elefant.ro, a small-sized player on the local market, reported a modest increase in revenues and deep RON 3.79 mln (EUR 0.76 mln) losses in January-June this year, compared to thin RON 0.47 mln net profit in the same period of the year before, according to a company's statement filed to Bucharest Stock Exchange (BVB) where its bonds are traded. The company's officials hope that ...
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
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
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 ...