ZF English
Source:
http://www.zfenglish.com
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ZF English - 16:28 Feb 23, 2023
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. -
ZF English - 15:47 Feb 23, 2023
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. -
ZF English - 15:23 Feb 23, 2023
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 -
ZF English - 14:12 Feb 23, 2023
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). -
ZF English - 12:11 Feb 23, 2023
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. -
ZF English - 11:52 Feb 23, 2023
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. -
ZF English - 08:42 Feb 23, 2023
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. -
ZF English - 08:27 Feb 23, 2023
Raiffeisen Bank in 2022 posted RON3.2 billion revenues, up 22%, and RON1.2 billion net profit, 56% higher than the 2021 level. -
ZF English - 08:12 Feb 23, 2023
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. -
ZF English - 08:02 Feb 23, 2023
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. -
ZF English - 07:54 Feb 23, 2023
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. -
ZF English - 07:46 Feb 23, 2023
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%. -
ZF English - 20:37 Feb 22, 2023
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. -
ZF English - 20:11 Feb 22, 2023
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. -
ZF English - 17:26 Feb 22, 2023
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. -
ZF English - 16:57 Feb 22, 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. -
ZF English - 16:47 Feb 22, 2023
Dutch-held group Damen Shipyards, which bought into Damen Mangalia shipyard in mid-2018, is repositioning its business strategy to capitalize on its resources and experience in shipbuilding, in order to become a significant actor on the offshore construction market. -
ZF English - 16:34 Feb 22, 2023
In 2022, more than 6,500 companies went insolvent, 7% more than in 2021 and 2% more than in 2019, one of the best years for the Romanian economy, before the Covid-19 pandemic, as per the latest Coface Romania survey and 2 percent above the level before the Covid-19 pandemic. The losses caused to creditors in 2022 by insolvent companies were 4.6 billion lei, down by 12 percent compared to the previous year. The number of insolvent companies with a turnover of over EUR 0.5 million increased from 322 to 357 during the past year. -
ZF English - 15:36 Feb 22, 2023
Romania's economic growth will slow down significantly in 2023, but will revive in 2024 more than previously anticipated, according to the minutes of the monetary policy meeting of the Board of Directors of the National Bank of Romania (NBR), Ziarul Financiar (ZF) reported. -
ZF English - 15:17 Feb 22, 2023
60% of Romanians say they trust mobile banking applications to keep their money safe and 59% say they trust internet banking and bank websites, as per a survey by Reveal Marketing Research.
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