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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.

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.

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.

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.

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.

Patria Asset Management, part of the Patria Bank group, lists today, February 22, the first sectorial ETF on Bucharest Stock Exchange’s (BVB) Regulated Market under the ticker PTENGETF.

Developers have announced the construction of more than 275,000 square meters of new office projects in major regional centers of Romania, Cluj-Napoca, Timisoara, Iasi and Brasov, so that the modern stock of such spaces will reach some 1.3 million square meters in the next five years, reveals Office Market Regional Cities report drawn up by real estate consultancy Cushman & Wakefield Echinox.

In 2022, Romania wholesale trade turnover (not including vehicle and motorbike trade) went up by 22% in nominal terms from 2021 as gross series, in line with data provided by the country’s statistical board INS.

The international hotel group is expanding its portfolio with three new hotels set to be opened in Romania, says Ivan Kissev, senior director, International Hotel Development CEE & CIS Marriott International.

The roofing and insulating panels manufacturer Impro, a subsidiary of the Polish group of the same name, plans to expand Romanian operations this yeae, resuming the production of some processes it has outsourced in recent years.

Transilvania Broker, an insurer listed on the Bucharest Stock Exchange, posted RON130 million revenue in 2022, up 31%, and a net profit of RON11.5 million, up 68%, according to the financial report published on Tuesday evening.

The Soleadify project, launched by Dataworks Research SRL, which develops a global database of companies to help businesses find customers, has secured a $6 million investment from five investment funds.