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Agroserv Mariuta posts a turnover of 29.5 million lei, up 15% in the first six months of 2022
Wednesday, September 14, 2022
Agroserv Mariuta (BVB: MILK ), a Romanian agricultural company and owner of the Laptaria cu Caimac brand, posts a 29.5 million lei turnover in the first half of 2022, up 15% compared to the same period last year. The company listed on the AeRO market of the Bucharest Stock Exchange closed the first semester of 2022 with a net loss of 1.4 million lei amid the challenges related to inflation and the increase in energy prices that led to an increase in operating ...
Aluminium producer Alro fear total closure of the plant
Wednesday, September 14, 2022
Romanian aluminium producer Alro Slatina may close operations completely by May next year, said Constantin Popescu, the president of the Aluministul trade union. The energy prices are too high, he implied, according ...
Salrom made a net profit during the first quarter upgoing by 61% against the similar period of last year
Wednesday, September 7, 2022
The National Society of Salt (Salrom) made during the first quarter a net profit of 35.9 million lei, up by 61%against the similar period of last year (22.3 million lei) shows the report of the Proprietatea Fund, minority shareholder. FP owns a share of 49% from the Salrom ...
Aeroexpress Regional comes to Romania for flights to connect Hungary to Transylvania
Wednesday, September 7, 2022
Hungarian airline Aerosexpress Regional will also operate direct flights between Hungary and Transylvania, the Hungarian news agency MTI announced. The flights will connect Budapest and Cluj-Napoca, respectively Debrecen and Cluj-Napoca, respectively Târgu Mure?, shows Cluj 24. At first, there will be three flights per week on the new routes, and during this period, passenger feedback will be assessed. According to ...
19,443 companies dissolved in first seven months of 2022
Wednesday, September 7, 2022
The number of dissolved companies increased by 15.2%, in the first seven months of this year, up to 19,443, compared to 16,878 in the same period of 2021, according to the centralized data from the National Trade Registry Office (ONRC).The most dissolutions were registered in Bucharest, respectively 3,625 companies (up by 15.08%), and in the counties of Constanta (988, +20.63%), Cluj (922, +21.64%), Timis (863, +10.78%) and Ilfov (808, plus ...
Safetech Innovations posts revenues of RON 15.3 million and RON 2.6 million in net profit in the first half of 2022
Wednesday, September 7, 2022
Safetech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, posts total operating revenue of 15.3 million lei in the first half of 2022, a 16% increase compared to the same period last year and a net profit of 2.6 million lei, a 104% increase compared to the first half of 2021. In the first six months of the year, the turnover amounted to 10.7 million lei, up 15%, ...
Com HTEC Group acquires Mistral Technologies to Expand its Engineering Base in Southeast Europe to over 2,000 professionals
Wednesday, September 7, 2022
HTEC Group (“HTEC”) (www.htecgroup.com), a global consulting, software engineering and digital product development company based in San Francisco, announced that it has acquired Sarajevo-based Mistral Technologies. Joining forces with Mistral’s team of over 300 ...
Digital identity verification startup Qoobiss has signed a partnership with RoCapital
Wednesday, September 7, 2022
* RoCapital will use the interrogation and reporting to NAFA services together with the AML provided by Qoobiss Romanian digital identity verification startup ...
Cemacon doubles net profit in first half of 2022
Wednesday, September 7, 2022
Romanian brick manufacturer Cemacon Cluj (CEON), owned by local investors Dragos and Adrian Pav?l, the owners of the DIY network Dedeman, ended the first half of this year with a net profit of RON 49.7 mln (over EUR 10 mln), up 130% compared to the same period of 2021. The company’s turnover also increased by 47% to RON 123.4 mln (EUR 25 mln). The company recorded an EBITDA of RON 67.47 mln ...
Home decor retailer Vivre Deco sees 45% drop in sales in first half
Wednesday, September 7, 2022
Romania-based Vivre Deco, one of the largest online home and lifestyle retailers in Central and Eastern Europe, saw its turnover decrease by 45% in the first half of this year, forcing its current management toward drastic cuts. The company’s bonds recorded another steep drop on the Bucharest Stock Exchange after the report. The decrease in turnover was determined by the cumulative effect of some unfavorable ...
8,275 companies in Romania suspend business Jan.-July, 2022
Wednesday, September 7, 2022
There were 8,275 companies in Romania that suspended their business in the first seven months of 2022, up 19.15% y-o-y, according to data published by the National Companies Registry Office (ONRC).Most of them operated in Bucharest, 867 (up 13.78% from January - July 2021), and the counties of Cluj - 410 (up 9.92%), Iasi - 375 (+36.36%), Neamt - 328 (+22.39%) and Brasov - 328 (+31.20%).The fewest suspensions were recorded in the counties of ...
IAR Brasov H1 net profit down 6% y/y
Wednesday, September 7, 2022
Romanian aerospace manufacturer IAR Brasov said on Wednesday its first-half net profit decreased by 6% on the year to 17.2 million lei ($3.53 million/3.54 million euro). The company registered a turnover of 199 million lei at the end of June 2022, up from 167.5 million lei at the end of the same period last year, IAR Brasov said in a statement filed with the Bucharest Stock ...
33pct more newly established companies running on foreign capital 7 months into 2022
Wednesday, September 7, 2022
The number of newly established companies running on foreign capital in Romania increased, in the first seven months of 2022, by 33%, compared to the similar period in 2021, to 4,129 units, according to the data centralised by the National Trade Register Office (ONRC).The 4,129 new companies had a subscribed capital in the total amount of 22.403 million dollars, 15.2% lower than that of the companies registered between January and July 2021, of 26.413 million ...
Autonom Services reports in the first semester a net profit up 42% compared to S1 2021
Wednesday, September 7, 2022
Autonom Services SA, the most extensive mobility network in Romania, ends the first semester of 2022 with double-digit growth results on all main business lines. The company recorded total revenues of 239.8 million lei (35% increase) and a net profit of 17.8 million lei (up 42%), compared to the same period last year. Also, assets increased by 38.1% from December 31, 2021, reaching a total value of 1.3 billion at the end of ...
Aquila reports a net profit up 74% versus the first semester of 2021
Wednesday, September 7, 2022
Aquila, market leader in the integrated distribution and logistics services, reported a net profit of 32 million lei on June 30, 2022, up 74% compared to the result recorded in the first half of last year. The acquisition of the Trigor company, in the first half of 2021, contributed with 3.4 million lei to Aquila’s profitability, respectively 2.5 million lei more than the same period of the previous year, according ...
TTS Group net profit grew by 124.5% to 61.3 million lei in semester 1
Wednesday, August 31, 2022
TTS (Transport Trade Services), the main supplier of integrated logistic services on the Danube, listed on the Bucharest Exchange, reported a net profit of 31 million lei, on the rise by 75.3%, in the first part of the year. TTS Group had a volume of 7.68 million tons of goods transported on the river and operated in ports in the first semester, 4.38% higher and a net profit going up by 124.5% to 61.3 million lei. The TTS Group ...
DN Agrar Group estimates a turnover of RON 80 million this year
Wednesday, August 31, 2022
DN Agrar Grouo SA (BVB : DN) the biggest integrated livestock farm in Romania, with cow’s milk production and plant production, announced on Wednesday that it estimates a turnover of RON 80 million in 2022, supported mainly by the acquisition of the Apold farm, made at the beginning of April. The total assets as of December 31, 2021, with the inclusion of new companies, are 218,74 million lei, 50% higher than in ...
Sphera Franchise Group delivered the best sales quarter in history in Q2 2022
Wednesday, August 31, 2022
Sphera Franchise Group (“Sphera”) delivered the best sales quarter in history in Q2 2022, with revenues amounting to RON 327.4 million, a 40% increase compared to Q2 2021. All three brands – KFC, Pizza Hut and Taco Bell – registered record sales across all markets – Romania, Italy and the Republic of Moldova – in a rapid ramp-up following the lifting of the COVID-19 restrictions. The significant increase versus ...
Over 3,900 companies and self-employed persons go insolvent over Jan - July 2022
Wednesday, August 31, 2022
The number of companies and self-employed persons (PFAs) going insolvent increased by 11.14 percent in the first seven months of 2022 compared with the year-ago period, to 3,932, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were reported in Bucharest City, at 663, down 0.90 percent from January - July 2021. Next in the insolvency ranking are the counties of Bihor - with 335 ...
Altur ends first semester with a net profit of 4.885 million RON
Wednesday, August 31, 2022
In the first half of 2022, Altur recorded a net profit of 4.885 million RON, compared to losses of 836,678 RON in the similar period of 2021, according to the report submitted to the Bucharest Stock Exchange on Monday.The turnover increased by 53% compared to the January-June 2021 period, to 73.362 million RON, due to the increase in the LME quotation for aluminum alloys and the value added to the products sold to the main customers.The ...