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Safetech Innovations becomes a cybersecurity auditor

Wednesday, September 1, 2021

Safetech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, receives the cybersecurity auditor accreditation for essential operators, based on Law 362/2018 on ensuring a high common level of security of networks and information systems, from the National Centre of Response to Cybersecurity Incidents (CERT-RO), the competent national authority for the network and information systems security. Following the accreditation, ...

Almost 7,000 companies suspend activity during first 7 months of 2021

Wednesday, September 1, 2021

The number of companies that suspended their activity was 6,945 during the first 7 months of 2021, going up by 12.43%, when comparing with the similar period of last year, according to the data published by the National Trade Register Office (ONRC).By activity areas, the largest number of suspended companies was registered in retail and wholesale, repair of motor vehicles and motorcycles, namely 1,959 (+14.96%), other service activities - 776 (+14.79%) and in ...

Impact real estate developer becomes unicorn

Wednesday, September 1, 2021

 Impact Developer & Contractor (IMP) on Thursday joined the club of the large Romanian companies with over one billion lei market capitalisation, the company informs in a release .Impact shares ended Wednesday's trading meeting at a rate of 0.640 lei, with an increase of 4.07 pct compared to the previous meeting, which led to a capitalization of 1,008,000,000 lei.According to the press release, since the beginning of the year and with caution ...

IMPACT decides to increase the share capital for the expansion at national level

Wednesday, August 25, 2021

Impact Developer & Contractor (IMP) takes another step in the national expansion strategy and decides to increase the share capital. The decision was taken unanimously by 93.08% of the company's shareholders with voting rights within AGEA and consists in delegating and authorizing the Board of Directors to increase the share capital within one year, through one or more issuances of ordinary shares, with a nominal value of up to 193,750,000 ...

Transport Trade Services revenues up by 9 pct in H1, 2021, to almost 274 million lei

Wednesday, August 25, 2021

TTS (Transport Trade Services), one of the largest freight carriers in the Danube basin, obtained in the first half of 2021, a consolidated net profit attributable to shareholders of 24.6 million lei, up by 42.5% compared to the similar period of 2020, informs a company press release sent on Tuesday.Total revenues rose to 274 million lei, up 9.5% compared to the same period last year."The result was supported by the increase in revenues from the River Transport and ...

Comelf reports 1.948 million RON net profit in first semester, rising by 61%

Wednesday, August 25, 2021


Comelf reported for the first semester of this year a net profit of 1.948 million RON, rising by 61% from the same period of last year, according to a report sent to the Bucharest Stock Exchange (BVB).The company's revenues were worth 67 million RON after the first 6 months of this year, when comparing with 64 million RON during the first semester of 2020, rising by 5%, evolution determined by the advance of products' selling price, based on the increase of raw material ...

Number of deregistered companies up by over 34 pct in first seven months of 2021

Wednesday, August 25, 2021

The number of companies deregistered nationwide increased by 34.14% in the first seven months of 2021, YoY, to 37,667 deregistrations, according to statistics from the National Trade Register Office (ONRC).Most deregistrations were registered in Bucharest - 6,048 (plus 39.71% compared to January-July 2020) and in the counties of Timis - 1,781 (plus 51.70%), Cluj - 1,636 (plus 24.70%) and Constanta - 1,603 (plus 31.29%).The counties with the fewest deregistered ...

ONRC: 16,878 companies dissolved January through July 2021

Wednesday, August 25, 2021

 The number of dissolved companies increased by 14.66 pct, in the first seven months of 2021, to 16,878, compared to 14,720, between January and July 2020, according to data centralized by the National Trade Register Office (ONRC).Most dissolutions were registered in Bucharest, respectively 3,150 companies (up by 16.36 pct) and in Constanta (819, +12.35 pct), Timis (779, -1.64 pct), and Iasi (762, +40.85 pct) counties.At the opposite end, the fewest dissolutions ...

Carrefour announces non-financial results for 2020

Wednesday, August 25, 2021

The Carrefour Group announces in 2020 a non-financial performance of 115%, an increase procentage compared to 2019 (114%), which indicates an exceeding of the initial target with 15%. In line with the strategic objectives at group level and adapted to the local context, Carrefour Romania obtained, through CSR campaigns, increasing scores compared to 2019 on the main pillars targeted – supporting local producers, caring for the environment, reducing food waste and creating a strong ...

Laurentiu Chiriac is the new Head of Building Solutions REHAU Romania

Wednesday, August 25, 2021

REHAU, German provider of solutions for windows, building and furniture, has, starting July 2021, a new Head of Building Solutions, Laurentiu Chiriac, with 20 years of experience in sales.   Laurentiu Chiriac takes over the role held in the last 10 years by Alexandru Oprea, the current Country Manager REHAU Romania, and will coordinate the activities of the Building Solutions Division, being the counterpart of Paul Chipriean, Head of REHAU Window Solutions, and of Dan ...

Outsourcing group Fortech is looking to invest in local startups

Wednesday, August 25, 2021

Fortech, one of the biggest Romanian providers of outsourcing services for software development, has launched a new investment branch, Fortech Investments, and plans to invest in at least 15 local startups in the next two to three years.   Fortech Investments says it doesn't just offer capital, like most investment funds, but also the option of product and business development for ideas with great potential or of becoming partners with specialists from different fields ...

Zitec sees 60% increase in turnover on digital transformation trend

Wednesday, August 25, 2021

Zitec, a leader in the IT & digital marketing market in Romania, registered a turnover of EUR 7.4 million in the first half of 2021, about 60% higher compared with the same period of the previous year.   The company, which specializes in the development of digital transformation solutions and services, aims to end 2021 with a turnover of EUR 16 mln. For the second part of the year, the company relies on the development of partnerships with Google, Microsoft, ...

Biofarm had a net profit increase of 22%, 36.4 million lei for Q1

Wednesday, August 18, 2021

Biofarm, one of the biggest producers of drugs and food supplements in Romania, had an increase of the net profit of 22%, 36.4 million lei, while the net income from sales achieved in the first part of the year increased by 14%, 117.98 million lei. In Q1, the share of export sales was approximately 2.1% of the total net sales of Biofarm. The company products were exported to five countries: the Republic of Moldova, Hungary, Russia, ...

Avioane Craiova SA records 11.82 million RON in loss in H1 2021

Wednesday, August 18, 2021

Avioane Craiova SA recorded a net loss of 11.82 million RON in the first half of the year, after recording a net profit of 489,857 RON in the similar period of 2020, according to the half-year report sent to the Bucharest Stock Exchange (BVB).Avioane Craiova had expenses worth 34.2 million RON in the first half of the year, increasing over the 14.74 million RON recorded in the similar period of last year.The company reported incomes of 22.40 million ...

British American Tobacco pays by 18% more taxes and duties to state budget during H1 2021

Wednesday, August 18, 2021

The British American Tobacco (BAT) Company contributed to Romania's state budget with almost 5 billion RON during the first half of 2021, going up by approximately 700 million RON (+18%) from the sum paid during H1 of last year, according to a company's press release on Monday.In 2020, BAT was the largest taxpayer to Romania's budget, with a contribution of almost 9.6 billion RON (2 billion Euro) in taxes and duties. This was possible due to record drops of ...

Competition Council authorises Wendel group's takeover of Propak Ambalaj Uretim ve Pazarlama

Wednesday, August 18, 2021

Romania's Competition Council has authorised a transaction whereby the Wendel Group, through Constantia Flexibles International GmbH, takes over Propak Ambalaj Uretim ve Pazarlama AS, Turkey.Wendel is an investment group that holds a portfolio of companies operating in a variety of industries, such as flexible packaging manufacturing, certification and verification, paint manufacturing and distribution, training services, global mobile telecommunications ...

EY: Romania’s M&A market remained below EUR 1 bln in H1

Wednesday, August 18, 2021

Consultancy firm Ernst & Young (EY) provided the most pessimistic estimate for Romania’s M&A market in H1: 69 deals summing up to USD 1.1 bln, or not even EUR 1 bln, Ziarul ...

Coface Study: Insolvencies in Romania increased in the first semester of 2021 by 23% compared to the same period last year

Wednesday, August 18, 2021


The number of newly registered companies, of LTD type, increased by 58% in H1 2021 compared to H1 2020   Bucharest, August 12th, 2021 – The latest Coface Romania study shows that in the first six months of 2021, 3,033 new insolvency proceedings were opened, +23% above the level recorded in the same period of the previous year. Insolvencies opened in the first half of this year have returned close to ...

ClusterPower has started the construction of the largest data center in Romania

Wednesday, August 18, 2021


ClusterPower started in July the works at the largest data center in Romania and the first hyperscale data center in the region in Mischii, Dolj County.   The first phase of the project involves building the utility infrastructure for the IT equipment. This includes  casting the foundation, construction of the power plant and the first unit of the project. The data center will become the strongest ...

OTP Bank Romania: The financial results for the first semester of 2021

Wednesday, August 18, 2021

OTP Group announces the financial results for the first semester of 2021. According to the report published in Budapest, which presents the consolidated results adjusted in accordance with the Group´s standards, OTP Bank Romania has registered an after tax profit of RON 27 million during the first half of 2021, marking an increase of nearly 50% compared to the first half of last ...

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