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Romania: First InvestEU agreement provides €25 million in EIB financing to boost security of supply for medicines
Wednesday, November 15, 2023
EIB loan is expected to enhance local production of medicines Financing agreement promotes innovation in a cohesion region, highlighting EIB’s commitment to equitable growth This agreement is supported by the InvestEU programme, which aims to trigger more than €372 billion in additional investment over the period 2021-2027. The European ...
Digi Communications N.V. reports consolidated revenues of 1.2 billion euros
Wednesday, November 15, 2023
Digi Communications N.V., one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, reports consolidated revenues (including revenues and other income) of EUR 433.7 million in the third quarter of 2023, a 13% increase compared to the same period of the previous year.Adjusted EBITDA increased by 19% compared to the result from ...
AQUILA reports a net profit of RON 70 million
Wednesday, November 15, 2023
AQUILA (symbol AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, concluded the first 9 months of 2023 with growing results, supported by the distribution business segment, which generated approximately 94% of the company’s turnover. AQUILA’s revenues exceeded RON 1.7 billion in the first 9 months of 2023, marking an ...
SIPEX: 4% increase in turnover this year
Wednesday, November 15, 2023
SIPEX, one of the largest distributors of construction and finishes materials from Romania, listed on the Bucharest Stock Exchange, on the AeRO market (stock ...
Safetech Innovations posts a 20.1 million lei turnover at individual level and a net profit of 5.9 million lei in the first nine months of 2023
Wednesday, November 15, 2023
Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company listed on the Bucharest Stock Exchange with offices in Bucharest, London, and Abu Dhabi, posts, at an individual level, a 20.1 million lei turnover, down 4% compared to the same period last year, and a net profit of 5.9 million lei, a 13% appreciation compared to the first nine months of 2022. “In a world where cyber threats are constantly ...
Nearly 48,000 companies struck off register nationwide in first nine months of 2023
Wednesday, November 15, 2023
A total of 47,854 companies were struck off the register nationwide in the first nine months of 2023, 7.9% fewer than in the same period last year, according to statistics from the National Trade Register Office (ONRC).The highest number of companies that suspended their activity in the mentioned interval were from Bucharest municipality - 7,900, down 6.21% compared to January-September 2022.By activity sectors, the highest number of dissolved ...
Aerostar posts RON 61 M in net profit January through September 2023
Wednesday, November 15, 2023
Aerostar recorded, in the first nine months of 2023, a net profit of RON 61.096 million, down 17.3% compared to the same period last year, of RON 73.914 million, according to the financial data sent to the Bucharest Stock Exchange (BVB) on Friday.During the mentioned period, the company recorded a turnover of RON 361.523 million, an increase of 14% compared to the first nine months of last year. Export sales amounted to RON 295,507 million (227,192 in ...
Orsova shipyard closes Q3 2023 on almost RON 4 million in net profit
Wednesday, November 15, 2023
The Orsova Naval Shipyard recorded in the first nine months of 2023 a net profit of RON 3.984 million as against a loss of RON 2.325 million in the same period of 2022, according to data submitted to the Bucharest Stock Exchange (BVB) on Friday.The turnover of the company totalled RON 81.793 million, up 87.11% y-o-y, and the gross profit was RON 4.462 million as against a gross loss of RON 2.249 million on September 30, 2022.January-September ...
MedLife reports a turnover of RON 1.66 billion in the first nine months of the year
Wednesday, November 15, 2023
MedLife, the largest private medical services network in Romania, presents the financial results for the third quarter of the current year. Thus, in the first nine months of the year, the company recorded a pro forma turnover of RON 1.66 billion, an increase of 25.4% compared to the same period last year. This consistent growth demonstrates the Group’s ability to remain one of the most important players in the market and adapt to any ...
2023 National Company Ranking: Aggregate turnover of businesses on top ten spots at almost 280 bn euros
Wednesday, November 8, 2023
The companies positioned on the top ten spots of the 2023 National Company Ranking have a combined turnover of almost 280 billion euros, and their operating profit amounts to about 27 billion euros, shows data released on Thursday by Romania's Chamber of Commerce and Industry (CCIR).This year, a number of 13,030 companies were included in the first ten positions of the dedicated ranking. Their profit accounts for 9.6 percent of the total ...
Holcim Romania inaugurates new aggregates plant
Wednesday, November 8, 2023
Holcim Romania has opened a new EUR3m aggregates plant in Neudorf, Arad province, western Romania. The first deliveries of the new plant have been completed this month, said Holcim quoted by ...
Nearly 580 companies, sole traders in Romania file for insolvency nine months into 2023
Wednesday, November 8, 2023
The number of insolvent companies and sole traders in Romania decreased by 3.96% in the first nine months of 2023, y-o-y, to 4,578 insolvencies, according to data published on the website of the National Companies Registry (ONRC).Most of the insolvent companies and sole traders were reported in Bucharest (903), up 9.19% from January-September 2022. Next in the insolvency rank are the counties of Bihor, 385 insolvent companies (minus 3.51%) Cluj ...
Over 2.8 million products in eMAG’s biggest Black Friday offer on November 10, 2023
Wednesday, November 8, 2023
For one out of three Romanians, Black Friday is the only day of the year when they can buy a product that they have been waiting for all year, according to a Kantar study commissioned by eMag. On November 10, Black Friday, eMAG comes with over 2.8 million offers suitable for all needs. The offer built together with thousands of merchants selling on the eMAG platform is the result of more than 10 months of negotiations with ...
AeroItalia signs MoU to buy Romania's AirConnect
Wednesday, November 8, 2023
AeroItalia (XZ, Rome ...
Agricover launches version 2.0 of the CROP360 digital farming platform
Wednesday, November 8, 2023
Agricover, the agribusiness leader in Romania, announces the launch of version 2.0 of the CROP360 specialized digital agriculture platform 2 years after its initial launch. “We continue to invest and to provide farmers with modern technological solutions to optimize production costs and increase ...
Mandra oil factory in eastern Romania sold for EUR 1.8 million
Wednesday, November 8, 2023
Romania’s insolvency market leader CITR announced that it auctioned off the agricultural and industrial assets which make up the Mandra oil factory in Barlad, eastern Romania, worth RON 8.96 million (approximately EUR 1.8 million). The asset package, sold by CITR as receiver of Mandra SA, a company undergoing reorganization, includes the Mandra oil mill and its related movables and immovables. The ...
Alstom invests EUR 50 mln to develop maintenance depot in Bucharest
Wednesday, November 8, 2023
Multinational rolling stock producer Alstom officially announced an investment of over EUR 50 million to develop a depot in Bucharest for the maintenance of the new Coradia Stream electric passenger trains. Alstom announced the purchase of 30,000 square meters of land that includes several buildings on Calea Grivitei in the centre of Bucharest, with direct access to the railway line ...
AQUILA Signs Pre-Agreement For First Planned Acquisition
Wednesday, November 8, 2023
AQUILA, a company operating the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, announces the signing of a purchase-sale pre-agreement for 100% of the shares of Romtec Europa SRL (Romtec). The pre-agreement represents a step in the company’s development strategy through M&A. Romtec, a Romanian company with 30 ...
EVOhoreca, furniture supplier for HORECA industry: 10% business growth at nine months
Wednesday, November 8, 2023
EVOhoreca, one of the biggest players in the HORECA furnishing solutions market, closed the first 9 months of the year with a turnover of 1.6 million euros, a 10% increase compared to the same period of the previous year. This positive dynamic comes primarily against the backdrop of an increase in the average order value, which reached 16,500 euros, representing a 10 percent increase compared to 2022, as well as increased operational efficiency that ...
În Romania, IKEA announces EUR 5.8 mln investments to keep prices low
Wednesday, November 8, 2023
IKEA registered 14.1% higher sales in Romania in the financial year 2023 (FY23) compared to the previous year, reaching a turnover of over RON 1.2 billion and more than 22 million products sold in local stores. The company also announced investments of EUR 5.8 million this year "to absorb the costs and ensure low prices." According to the same report, the Swedish retailer saw ...