Millenium Insurance Broker (MIB), an insurance broker with 25 years of experience in the Romanian market, is making its debut on the AeRO market of the Bucharest Stock Exchange (BVB) on Monday (Feb 27).
Personal data security and consumer protection are the regulatory areas that have the greatest potential for increasing the litigation activity in the next three years, according to 64% and respectively 59% of the Romanian companies participating in the Deloitte Legal survey “New Roads to Dispute Resolution“.
Transelectrica (TEL.RO), the operator of the national energy transmission system, in 2022 registered RON529 million net profit, compared with RON450,000 in 2021.
Romanian state-owned lender CEC Bank reported an estimated, unaudited net profit of RON 446.8 million for 2022, up 22% compared to 2021. This is the fourth consecutive year of solid profits, growth and market share consolidation for CEC Bank.
Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON2.5 billion consolidated net profit in 2022, an increase of 23% on 2021, while assets increased by 6% to RON140.5 billion. On the other hand, operating income grew from RON4.9 billion to RON6.3 billion.
Aerostar Bacau (ARS.RO) a company that makes aircraft parts and provides aircraft maintenance services, ended 2022 with RON90.3 million net profit, an increase of 50.6% on 2021 and RON467 million revenue, 24% higher than in the previous year, according to ZF’s calculations based on the data in the preliminary annual financial report.
Construction material distributor Sipex Company (SPX.RO) ended 2022 with RON291 million revenue, an increase of 12.5% and RON20.1 million profit, 25% higher than in 2021.
Technology company 2Performant (2P.RO) posted RON35.1 million revenue in 2022, an increase of 36% year-on-year and RON258,000 net profit, instead of a RON700,000 loss.
Holde Agri Invest (HAI.RO), a Romanian-held company that operates farmland, posted RON117.5 million consolidated revenue in 2022, an increase of 87% and net profit of RON11.4 million (IFRS), 55% higher than in 2021, the company said in its report to the Bucharest Stock Exchange.
MedLife, leader of Romania’s private healthcare market, for 2022 reported consolidated turnover worth RON1.8 billion, up 26%, and RON44.3 million net profit, down by RON68 million from 2021.
Nuclearelectrica (SNN.RO), Romania’s only nuclear power producer, for 2022 reported RON6.5 billion revenues, double the 2021 level, and RON2.7 billion net profit, up 163%.
After an intense 2022 in terms of investments for Nord Group (the former Provita), which included the takeover of a stake by MedLife, the first half of 2023 will bring under the healthcare operator’s umbrella a new hospital in Bucharest, in Pipera, due to be opened in June at the latest, in the wake of an over EUR20 million investment.
In 2023, Zetta Hospital, created a decade ago by doctor Dragos Zamfirescu, is set to register 18% turnover growth, crossing the EUR6 million mark, according to Andreea Constantin Vilcioiu, general manager of the medical unit.
Franke Romania, the local subsidiary of the Swiss group by the same name, ended last year with EUR12.9 million revenue, its officials say. The revenue was 5% lower than in 2021, as ZF calculated from the figures announced and the public data. Moreover, it is about 15% lower than the budgeted RON73.2 million (EUR14.9 million).
Dutch renewable energy group Photon Energy has announced that Photon Energy Engineering – the Group’s Romanian subsidiary dedicated to engineering, procurement, and construction (EPC) services – has completed and connected to the grid its first Romanian PV power plant in the municipality of Siria, with a capacity of 5.7 MWp.
Techcelerator and Google for Startups have selected 15 startups out of 114 registered for Advancing AI #3, an accelerator program for startups in the region creating MVP and Investment Readiness products based on AI (Artificial Intelligence) solutions.
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.