Romania Feed

The turnover of local freight carriers decreased marginally in 2020, by 0.7% compared to 2019, but remained 36% above the 2016 level, to almost RON66 billion, in line with a Keysfin analysis which predicts a record level of RON75 billion for 2021.

The Bucharest National Airport Company (CNAB), which administers the Henri Coanda (Otopeni) and the Aurel Vlaicu (Baneasa) airports, on Tuesday said it registered a traffic of more than three million passengers in January-April 2022.

Construction material manufacturer Cemacon Cluj (CEON.RO) posted RON16.5 million net profit in the first quarter of 2022, 130% higher than in the corresponding period of last year, it said in a report to the Bucharest Stock Exchange.

Local startup firm SenseTask, which developed a cloud artificial intelligence (AI)-based platform for document processing, has raised a seed funding round worth EUR215,000 in order to scale up the smart document processing, company representatives said in a statement.

Romanian packaging maker Promateris (PPL.RO) posted consolidated re venue of RON42.7 million in the first quarter of 2022, an increase of 22% on the year-ago period, RON4.6 million EBITDA and RON1.2 million net profit, the company said in a report to the Bucharest Stock Exchange.

Telecom operator Digi Communications (DIGI.RO) on Tuesday reported revenue of EUR360.6 million on March 31, 2022, up almost 21% from RON297.9 million in the same period in 2021, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.

Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, on Tuesday said it ended the first quarter of 2022 with profit before tax of EUR124 million and a volume of underwritings of EUR3.45 billion, up 11.2% on the year, in line with data provided by VIG officials.

Thales announces today the signature of a definitive agreement with Sonae Investment Management to acquire two of European leading cybersecurity companies, S21sec and Excellium, gathered under the holding company Maxive Cybersecurity.   This acquisition will complement Thales’ cybersecurity portfolio, strengthening its incident detection and response services (Security Operations Centre – SOC) as well as consulting, audit and integration services. It will […]

Brio, a standardized testing platform for students, together with 7 other non-profit organizations specialized in the field of education, launched the “Report on the literacy level of students in Romania”.   This was done based on the results that over 47,000 students from all over the country, from secondary grades, obtained in literacy tests. The […]

Global Supply Chain leader, HAVI, has announced impressive sustainability benefits after six months of operations in its largest distribution center in Europe.   The 21,000 sq.m. facility at the Chitila Logistics Hub is expected to deliver a reduction in CO2 emissions of 7,000 tonnes over the ten-year lease period. This is equivalent to removing 6,3 million […]

The representatives of DS Smith, the leading sustainable packaging company, participated in the event “Career Introduction – Planning and Motivation” organized, in physical format, within the Faculty of Chemical Engineering and Environmental Protection “Cristofor Simionescu”, from “Gheorghe Asachi” Technical University of Iași, which took place on May 9.   During the event, the representatives of […]

Latest KPMG benchmarking report highlights need for globally consistent sustainability reporting standards   Progress on climate-related disclosures in annual reports by some of the world’s leading banks slowed down in 2021, according to a new report from KPMG International Standards Group. The annual benchmarking analysis, now in its second year, looked at climate-related disclosures in […]

IMPACT Developer & Contractor closes the first quarter of 2022 with a 16.96 million lei gross profit, up 49% compared to the same period last year, despite of a difficult start of the year, marked by the last wave of the Covid-19 pandemic and the conflict in Ukraine.   “The beginning of the year was […]

Four leaders of the communication industry will judge entries at the 2022 Cannes Lions International Festival of Creativity, in the shortlist jury. By Romanita Oprea   Dana Bulat, GM at United Media Services, is the Romanian juror in the Creative Media category, Alina Damaschin-Ciocirlan, Creative Leader at Rogalski Damaschin, will evaluate works entered in the […]

The number of eurozone businesses and households unable to make repayments on their bank loans is set to rise, according to the first EY European Bank Lending Economic Forecast.

Policolor – Orgachim Group, with extensive activities in the field of production and sale of varnishes, paints, resins and specialty chemicals, both in Romania, Bulgaria and other markets in Europe and Asia, reports a 79 million euro turnover in 2021, representing an increase of 24% compared to the previous year, on grounds of an extensive […]

Euroins România Asigurare-Reasigurare SA, the most important player in the Romanian insurance industry, announces new positive results in terms of the time required to process claims and prompt payment of claims in which are not recorded human casualties   On average, in Q1 2022, Euroins paid the claims in just 5 days, 25% faster than […]

MAM Bricolaj, a furniture materials and accessories supplier controlled by Gavan family, in the first quarter of this year posted RON14 million turnover, up 16.2% from the year-earlier period.

Telecom operator Vodafone Romania reported service revenue of EUR764 million for the fiscal year ended on March 31, 2022, lower by 0.1% than the level reported in the previous financial year, in line with the financial results released Tuesday by Vodafone Group Plc.

Only 5% of digitization projects completed, with application in the Romanian public sector, are actually used and continue to be developed and to benefit from maintenance services – as per an analysis of OVES Enterprise, a Romanian software development company established in 2015, in Cluj-Napoca.