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Carlo Beltrame: „Our estimate for the price of rebar steel is between EUR 900-940/ton, Ex-works Targoviste”

Wednesday, September 21, 2022

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 Approximately six months after the acquisition of the steel plant in Targoviste (Combinatul de Oteluri Speciale), Donalam – AFV Beltrame Group announces its initial results, the ...

TeraPlast suspends residential project amid prohibitive cost of inputs

Wednesday, September 21, 2022

Construction materials manufacturer TeraPlast (BVB: TRP) put on ice plans to develop a residential project on the site of a relocated factory in the central part of Bistrita city.   The company ironically cited the increase in the prices of construction materials, combined with the accelerated evolution of energy costs and ...

Booking Holdings to invest 100 million euros, in five years, in first Excellence Center opened in Bucharest

Wednesday, September 21, 2022

 Booking Holdings, the largest global provider of online tourist services and related services, inaugurated the first Excellence Center in Bucharest, an investment estimated at 100 million euros over a period of five years, through which it aims to create 500 jobs in this period.Booking Holdings' new Excellence Center currently supports cyber security and fraud monitoring operations, IT infrastructure and procurement analysis, with new capabilities to ...

Competition Council considers taking over Meridian Bioscience by Biosensor and SJL Partners

Wednesday, September 14, 2022

The Competition Council analyzes the transaction by which SD Biosensor and SJL Partners will take over the company Meridian Bioscience according to a press release of the competition authority.   SD Biosensor is a South-Korean company specialized in the field of in vitro diagnosis. SJL Partners is also from South Korea and administers private equity investment ...

Norofert reports a consolidated turnover of RON 29,9 millions in the first semester, up by 50,5%

Wednesday, September 14, 2022

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Norofert, producer of organic input in Romania and player on the agricultural market reports a consolidated turnover of 29.9 million lei in Q1 of 2022, up by 50.5% against the same period of last year, and a net profit of 5.68 million lei, an increase of 11% as compared to Q1 of 2021.   The company registered in Q1 2022 the biggest quantities of fertilisers and bio protection sold in the history of Norofert. This increase ...

APMR: Over7% of the furniture factories have closed down

Wednesday, September 14, 2022

Over 7% of the furniture factories in Romania closed down in 2021 and 10% of those who still function have losses, according to the data presented on Thursday in a press conference, by Aurica Sereny, the chairman of the Association of Producers of Furniture in Romania (APMR). She mentioned that the government should take measures to save this sector, which is facing increase ...

Agroland Agribusiness posts revenues of RON 25.9 million and RON 1.2 million in net profit, up 53%, in the first half of 2022

Wednesday, September 14, 2022

Agroland Agribusiness (BVB: AAB), a Romanian entrepreneurial company, part of the Agroland group, specialized in the sale of inputs for agriculture, posts 25.9 million lei operating revenue in the first half of 2022, an 87% increase compared to the same period last year, EBITDA of 2 million lei, a 108% appreciation and 1.2 million lei net profit, a 53% increase compared to the first semester of ...

The eMAG Group ends FY2022 with losses

Wednesday, September 14, 2022

The eMAG group, one of the main players in the online retail market in the region, ended on March 31, the financial year 2022 with a loss from operations of USD 34 mln compared to a profit of USD 80 mln in the previous year, according to the annual report of the Prosus group, the majority shareholder of the retailer.   The retailer is active mainly in Romania but also in Hungary and ...

Home decor online store Vivre enters pre-insolvency procedure

Wednesday, September 14, 2022

The Romanian online furniture and home decorations retailer Vivre Deco announced on September 7 that it ...

BlackCab expands to Iasi and by the end of 2022 it is targeting Brasov, Sibiu and Craiova

Wednesday, September 14, 2022

  BlackCab, a provider of premium alternative transport services, has expanded in Iasi, the launch being part of the company’s plan to be present by the end of the year in eight of the largest cities in Romania from the point of view of the ...

MedLife acquires digital wellness platform SanoPass

Wednesday, September 14, 2022

  MedLife has announced the purchase of the majority stake in the SanoPass digital platform, one of the most active Romanian startups in the healthtech area, which offers medical, wellness and fitness services on a subscription and individual basis.   The transaction marks the continuation of MedLife’s strategy to integrate and strengthen medical and wellness services, developing an integrated system of ...

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

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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

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  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 ...

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