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Telekom Romania Mobile on Thursday (Feb 23) said it ended 2022 with total revenue of EUR306.4 million, down 2.9% from 2021.
SIF Banat-Crisana (SIF1.RO), the largest financial investment company listed on the Bucharest Stock Exchange by assets and market value, is to become Lion Capital, after shareholders voted for rebranding on Thursday, February 23.
The M&A market in Romania did well in 2022, with a 17% increase in the volume of reported deals (76 deals), while the reported value decreased to EUR1.4 billion from EUR2.7 billion in 2021, a report by international audit and advisory firm Mazars says.
The Bucharest Stock Exchange announces that EUR119.3 million worth of bonds issued by CEC Bank, the lender with the longest history in the financial-banking market in Romania, which started to operate in 1864, will be traded on its Main Market on Friday (Feb 24),
Romanian small and medium-sized enterprises (SMEs) are increasingly open to new technologies, and half of them declare themselves “early adopters” when it comes to innovative solutions, as per a market research conducted by Glovo and research company Ipsos at end-2022.
Safetech Innovations (SAFE.RO), a Romanian cybersecurity firm listed on the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, ended 2022 with a turnover of RON34.9 million, up 52% on the year, and a net profit of RON10.2 million, up 70% versus 2021.
The Supervisory Board of OMV Petrom decided in its meeting of Feb 23 to extend the mandate of the company's Chief Executive Officer (CEO), Christina Verchere, by four more years, until April 16, 2027, as per a press statement sent to Ziarul Financiar (ZF). daily
Private lending in Romania grew by 11.5% in nominal terms (-3.1% in real terms) in January 2023 versus January 2021 to RON364 billion, as local currency lending increased by 6.4% (-7.5% in real terms) and foreign currency lending expressed in lei by 25% (+25.5% in real terms when expressed in euros), central bank data showed on Thursday (Feb 23).
Reff & Associates | Deloitte Legal co-opts in the team of partners Alex Slujitoru, a lawyer with over 15 years of experience, to lead the tax litigation practice.
Sales of battery electric vehicles (BEVs) on the top five European markets (Germany, France, Italy, Spain and UK) grew by 28% in 2022 versus 2021, as per an analysis by Strategy&, the Global Strategy Department of PwC.
The number of housing units sold in Bucharest last year rose by 11% in 2022 from 2021, but the falling affordability and the restrictive interest rates whetted Romanians’ appetite for rents, reveals a Colliers survey.
Raiffeisen Bank in 2022 posted RON3.2 billion revenues, up 22%, and RON1.2 billion net profit, 56% higher than the 2021 level.
Omnia Capital, a company active on the M&A market, has taken over freight forwarder Dumagas Transport, a major business in the field, from investment fund Bancroft.
Medicover Romania, the third largest player on the local private healthcare market, has further growth plans on the local market after having stepped up development in 2022.
Pet Network International group, which owns Animax and Maxipet stores in Romania, wants to open eight new MaxiPet stores this year to step up growth.
2Performant Soft (Bento), a Romanian entrepreneurial company specializing in the development and implementation of software solutions and the provision of IT infrastructure and Cloud services, reported RON5.6 million net profit in 2022, up 23% from the 2021 net result and 11% higher than the budgeted level for 2022, amid RON35.4 million operating revenues, up 26%.
Danube transport company Transport Trade Services (TTS.RO) on Friday notified the Bucharest Stock Exchange of plans to buy a port operator for EUR21.8 million to be paid in a single instalment upon the closing of the contract. The company it bought is Decirom SA, ZF has found.
Car battery manufacturer Rombat in Bistrita, controlled by the South African group Metair, will allocate EUR10 million for investments this year, mainly for the installation of a semi-automatic line for the production of heavy duty EFB batteries and the construction of two photovoltaic parks.
Romanian sports betting group Superbet, founded in 2008 by entrepreneur Sacha Dragic, has appointed Hans-Holger Albrecht to the position of Chairman of the Board of Directors, effective February 28, 2023.
Proleasing Motors, authorized dealer for the BMW, Ford and Hyundai brands, ended 2022 with revenue of RON293 million, up 8.5% year-over-year, and operating profit of RON25 million.19015 items