Found 19080 news
Slovenian company Isosport, a manufacturer of plastic products for the ski and snowboard industry, has bought a factory in Oradea, with an annual revenue of RON62 million and 91 employees.
SIF Oltenia (SIF5.RO) has completed procedures to exit the shareholder structure of EximBank and collected RON42.4 million for its 3.27% stake, the company notified the Bucharest Stock Exchange on Tuesday.
Electricity distributor and supplier Electrica (EL.RO) Board of Directors has extended the interim CEO term of Alexandru Chirita until the end of 2022 or until the appointment of a new CEO, the company announced on the Bucharest Stock Exchange on Tuesday.
Romanian deep-tech startup OxidOS has raised EUR1.2 million in a seed funding round led by Early Game Ventures (EGV) and joined by renowned business angels, company representatives said in a statement on Tuesday.
Belgian logistics space developer WDP has acquired the industrial park Arad Business Park which covers almost 42,000 square meters.
PwC Romania expands its management team by promoting seven new directors within the company’s three service lines: Tax and Legal Consulting, Assurance and Advisory, starting September 1, 2022.
Approximately half of million square meters of logistics spaces was leased in Romania in the first half of 2022, according to a report real estate consulting firm CBRE Romania.
Romania’s courier services market continues its upward trend in 2022 but is expected to see more moderate growth versus the last two years, of just 10%, to over RON6 billion, as per estimations by Ziarul Financiar (ZF) daily based on market data.
Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, on Tuesday reported a net profit of RON55.3 million (EUR11.3 million) in 2021, double from RON26.3 million (EUR5.4 million) in 2020, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Skiptrans, part of Jost Group, an international carrier located in Luxembourg and Belgium, had a turnover of RON329.2 million (almost EUR67 million) in 2021 in Romania, down 2.5% from RON337.4 million (EUR69.7 million) in 2020, as per calculations by Ziarul Financiar (ZF) based on finance ministry data.
Aquila (AQ.RO), the leading player in the local market for integrated distribution and logistics services, announces that its own brands Gradena and LaMasa saw a 33% increase in value in the first half of this year compared with the same period last year.
WIP Industries Romania, a supplier of components for the furniture industry and the local division of Sweden’s WIP Holding, on Tuesday said it had a turnover of RON52.7 million (EUR10.7 million) in 2021, up 37.5% on the year, in line with calculations by Ziarul Financiar (ZF) based on finance ministry data.
Romanian state-owned lender CEC Bank posted RON110.8 million unaudited estimated profit in the first half of 2022, compared with RON208 million in the year-ago period, while assets increased by 20% to RON53.3 billion.
Huf Romania, a producer of car access and authorization systems, part of Germany’s Huf Group, on Tuesday reported a turnover of approximately RON330.3 million (EUR67 million) for 2021, up 70.4% on the year, in line with calculations by Ziarul Financiar (ZF) based on finance ministry data.
The skyrocketing prices of edible oil have tripled the turnover of edible oil producer Argus Constanta (UARG.RO) to almost RON200 million and its net profit grew 11-fold to RON28.4 million on the year in the first half of 2022.
Technology startup investment platform SeedBlink on Tuesday said it has completed the acquisition of Symbid, one of the world’s first investment crowdfunding platforms.
Pharmaceutical wholesaler Farmaceutica Remedia (RMAH.RO) ended the first six months of the year with a net profit of RON3.7 million, down 12% from the RON4.2 million in the first half of last year.
Aerostar Bacau (ARS.RO), a manufacturing and maintenance company in the aviation industry, made net profit of RON48.8 million in the first half of 2022, up 35.6% compared with the first half of 2021.
Automotive components manufacturer Compa Sibiu (CMP.RO) ended the first half of 2022 with a net profit of RON4.7 million, down 73.3% compared with the year-ago period.19080 items