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The Board of Directors of Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, is summoning its shareholders on April 27, 2022 to discuss, among others, the distribution of the company’s net profit of RON1.6 million recorded in 2021.
Courier services expect imminent price increases amid rising inflation and rising fuel, gas and electricity prices, according to an analysis by Innoship, a technology company that has developed a global delivery management solution for online stores.
Romanian software solution development and implementation company and IT and Cloud infrastructure provider Bento (BENTO.RO) ended 2021 with RON27.3 million revenue, an increase of 78% year-on-year and RON4.5 million net profit, 144% higher than in 2020.
ING Bank Romania made net profit of RON1.03 billion in 2021, up 109% compared with 2020, while total revenue rose to RON2.35 billion, up 11%.
Management consultancy firm Horváth ended 2021 with a turnover of approximately EUR5.4 million, after recovering the losses from the pandemic, which translates into an increase of almost 30% versus 2020.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 4.53% a year on Tuesday (March 22, 2022) from 4.49% a year on Monday (March 21), in line with central bank data.
The Board of Directors of regional investment fund SIF Oltenia (SIF5.RO) has summoned the fund’s shareholders on April 28, 2022 to vote on how to distribute the net profit for 2021, in the amount of RON387 million.
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) is proposing to shareholders a gross dividend of RON7.28 per share, meaning the distribution of a total sum of RON50.4 million from the RON52 million profit registered in 2021.
Agroserv Mariuta, the Romanian company that owns Laptaria cu Caimac brand, ended 2021 with RON68.4 million turnover, up 40% from 2020 and net profit of RON1.7 million, from RON6.2 million losses in 2020.
Pharma group Bioeel, owned by businessman Albert Attila, a founding member, and Jean Scheftsik de Szolnok, a French citizen, expects 7-8% turnover growth at group level for 2022 on the year.
VarunaS, a company operating in the field of toy retail and wholesale, registered a two-digit turnover increase in 2021 against 2020, to around RON14 million, in line with ZF calculations based on company data.
Amid dwindling hydrocarbon output due to natural decline and the sale of some deposits, coupled by lower demand for natural gas, OMV Petrom has budgeted only 6% higher profit for 2022 year-on-year and 1% lower sales.
Verdino, a Romanian producer of meat alternative products using pea protein co-founded by Raul Ciurtin, is strengthening its position in Germany, with its products listed in 8,000 stores in the country.
Pharmaceutical wholesaler Mediplus Exim, part of the A&D Pharma group, controlled by Penta Investments, increased its revenue by 15% to RON4.6 billion in 2021, the company said.
Bittnet (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock Exchange has announced the completion of the negotiations for the full takeover of IT&C integrator TopTech. The deal is subject to approval by the Competition Council.
Romania's finance ministry on Monday raised 537 million lei (EUR108.7 million), selling bonds maturing in 2034, at an average annual yield of 6.21%, central bank data showed.
Kinderpedia, the communication and management platform for kindergartens and schools created in 2014 by Evelina Necula and Daniel Rogoz, has signed a partnership with Maple Bear Global Schools, the largest global Canadian bilingual education franchise network, for the integration of all educational, operational and financial activities in a single digital platform.
An integrated team of transaction professionals of PwC Romania and D&B David si Baias, the law firm affiliated to PwC in Romania, have provided assistance to Italy’s Beltrame Group in the transaction for the acquisition of the functional production assets of insolvent special steel plant (COS) Targoviste.
Shareholders of state-owned utility group Electrica (EL.RO) decided in their general meeting of March 21 to approve a total ceiling of short-term financing in the amount of RON1.5 billion that can be contracted in 2022, which will be used for the current activity of its electricity supply branch Electrica Furnizare.
Romanian startup Frisbo, which runs an e-fulfilment platform for the collection, packing and delivery of online orders, on Monday announced the expansion of its operations to the UK, Spain, Italy and Austria in the first quarter of 2022, thus facilitating the logistics of European online stores that want to sell on these markets.21152 items