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Business suspensions advance 17.66pct in H1 2021

Wednesday, August 4, 2021

The number of business suspensions in Romania in the first six months of 2021 was 6,043, up 17.66% y-o-y, according to data published by the National Companies Register Office (ONRC).Most of the suspensions in January - June 2021 were in Bucharest, 659 (up 29.22% y-o-y), with the capital being followed by the counties of Cluj, 327 suspended companies (down 13.49%), Bihor - 276 companies (up 12.65%) and Iasi - 243 (up 12.5%).The fewest suspensions ...

79,734 individuals, companies enter Trade Register in H1 2021

Wednesday, August 4, 2021

The number of registrations of individuals and legal persons increased in the first half of 2021 by 62.55 pct compared to the same period of the previous year, to 79,734, of which 53,844 are limited liability companies (LLCs), according to data centralized by the National Office of the Trade Register (ONRC).Most registrations were accounted to Bucharest, respectively 12,081 (plus 55,54 pct compared to January-June 2020), and in the counties of Cluj - 4,490 (plus ...

Impact Developer & Contractor gets top score in ARIR (re)assessment for investor communications  

Wednesday, August 4, 2021

Impact Developer & Contractor has obtained the maximum score (10) for its investor communications, according to the VEKTOR indicator published by ARIR (The Romanian Investor Relations Association). The review was conducted at company’s request.   VEKTOR is the ...

Arctic Stream makes strong debut on Bucharest Stock Exchange

Wednesday, August 4, 2021

Arctic Stream (AST), a rapidly-growing Romanian IT integrator established in 2017, saw its shares surge by up to 50% on its Bucharest Stock Exchange debut. Arctic Stream’s listing broke a series of ...

Orange Romania reports 6.6% bigger revenues in H1

Wednesday, August 4, 2021

Orange Romania reported a turnover of EUR 268 mln in the second quarter (Q2) of this year, up 11% from the same period in 2020, according to the company's results published on July 29.   In the first six months of the year, the turnover rose by 6.6%, up to EUR 532 mln. Orange Romania had a customer base for its mobile, fixed and TV services of 10,628,000 ...

Romanian startup Qoobiss launches the first fully automated KYC solution for Romanian IDs

Wednesday, August 4, 2021

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* The Qoobiss KYC solution was developed following a 500.000 euro investment and aims to advance the digital identification process   Digital identity verification startup ...

Number of dissolved companies goes up by almost 42% during first 6 months of 2021

Wednesday, August 4, 2021

 The number of companies that were dissolved has gone up by 41.54% during the first semester of 2021, in comparison with the similar period of last year, to up to 32,565 removals, according to the statistics of the National Trade Registry Office (ONRC).By activity, the largest number of companies dissolved was in the retail and wholesale sector, motor vehicles and motorcycles repair - 8,920 (plus 44.83% reported to the period of January-June 2020), ...

Planable: Brands move away from traditional social media platforms, as video content increases by 17% 

Wednesday, August 4, 2021

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Businesses have started to move away from traditional social media platforms such as Facebook, Twitter and Linkedin in the first half of 2021, as companies have increasingly used Instagram as the preferred platform for promoting their brand, according to the latest study by ...

Rohlik Group builds warehouses near Bucharest

Wednesday, August 4, 2021

Rohlik Group, one of Europe’s leading online food delivery services, which announced this year plans to expand in Romania, has entered into a partnership with the real estate developer CTP for its first local ...

Teilor to expand in Hungary after Bulgaria and Poland

Wednesday, August 4, 2021

The Romanian jewellery retail chain Teilor has opened two new stores in Sofia this year and tested the Hungarian market while continuing to expand locally.   The brand has been active for more than two decades in Romania, operating over 50 offline stores both nationally and internationally - in Bulgaria (Sofia) and Poland (Warsaw). The company is also active online in the three ...

Digi Communications gets EUR 232 mln new financing facilities

Wednesday, August 4, 2021

Digi Communications (DIGI), a telecommunications operator listed on the Bucharest Stock Exchange (BVB) and controlled by local businessman Zoltan Teszari, announced to investors that its Romanian and Spanish subsidiaries entered financing facilities totalling EUR 232 mln for working capital and investments.   Under a first agreement sealed on July 21, the syndicate formed by UniCredit, BRD, ING Romania, ...

TeraPlast Group's H1 net profit up 71 pct

Wednesday, July 28, 2021

TeraPlast Group's net profit reached 28.67 million lei in H1 2021, up 71 percent from the 16.8 million lei registered in the year-ago period, shows a report submitted to the Bucharest Stock Exchange.The Group's turnover hit almost 273 million lei, and the half-year EBITDA (profit before interest, taxes, depreciation and amortization) was 42.7 million lei; this stands for a steep increase by 40 percent in revenues and an EBITDA advance of 47 percent compared ...

Antibiotice's business turnover advances 11pct in H1 2021

Wednesday, July 28, 2021

The Iasi-based Antibiotice pharmaceuticals company has reported an H1 2021 business turnover of 163.39 million lei, up 11% from 2020, according to a company's press statement released on Monday.From its H1 2021 revenues, the company paid the public healthcare system 13.5 million lei in the clawback tax, which influenced the profitability rate. The gross profit rate together with the expenses related to the clawback tax is 20.4%, according to the company. ...

ONRC: Almost 3,100 companies, legal persons enter insolvency in first half of the year

Wednesday, July 28, 2021

 The number of companies and legal persons (PFA) that entered into insolvency increased by over 30pct in the first six months of this year, compared to the same period in 2020, with 3,076 insolvencies having been registered, according to data published on the website of the National Office of the Trade Register (ONRC).Most insolvent companies and PFAs were registered in Bucharest, respectively 604, up 42.79pct compared to the period January-June ...

Air Claim went public on the AeRO market

Wednesday, July 28, 2021

Air Claim, a company that has been facilitating the obtaining of compensations for air transport passengers since 2018, went public today, July 23rd, on Bucharest Stock Exchange’s AeRO market. The company's shares are traded under the ...

Vodafone Romania announces indicators for the end June

Wednesday, July 28, 2021

Vodafone Romania announces the key performance indicators for the quarter ended June 30th, 2021, as reported by Vodafone Group Plc.Vodafone Romania delivered good performance despite of the challenging context in the quarter ended June 30th, 2021.The Service Revenue is at EUR 190.9 million and continues to be stable on quarterly evolution.   Vodafone Romania customer base reached 11.2 million at June ...

Competition Council authorizes takeover of Omniform by Proplast Group

Wednesday, July 28, 2021

The Competition Council authorized the transaction by which the Proplast Group, through Nutripack SAS, takes over Omniform and, indirectly, Duton Plast Muscel, according to a release of the competition authority.The Proplast Group, through its subsidiaries, is active mainly in the production of rigid plastic packaging in the European market. The Proplast Group is also active in the sector of reusable plastic cup sales and in the production of equipment and ...

IFC to provide a green loan to NE Property BV

Wednesday, July 28, 2021

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In its effort to support the retail property sector in Romania, one of the hardest hit by the COVID-19 pandemic, IFC has agreed to provide a green loan to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, the largest retail property owner in Central and Eastern Europe. The loan will help build a strong green business infrastructure in the country, prompting low-carbon economic growth.   IFC`s ...

Framey has raised $1M Seed investment to build social travel app

Wednesday, July 28, 2021

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The travel startup is helping users transform their dream photos into memorable trips   Framey has raised a $1 million Seed funding round from ICE Capital and ...

Archbee raises USD 1 mln in investment round

Wednesday, July 28, 2021

Romanian startup Archbee, founded by Dragos Bulugeanu in 2019 and providing a tool for project management in the software development area, raised USD 1 mln in a financing round led by Inovo Venture Partners.   The company has also been accepted into the US accelerator YCombinator, which has previously supported startups such as Airbnb, DoorDash or ...

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