earnings
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Arctic Stream Aims for 25% Higher Turnover, 23% Profit Growth in 2023
Arctic Stream, an IT infrastructure and security integrator listed on the Bucharest Stock Exchange, expects turnover worth RON102.5 million (EUR20.83 million), in 2023, up 25% from 2022. Net...
Bacolux Group Ends 2022 with EUR10M Revenues, Up 50% from 2021
Hotel group Bacolux, controlled by brothers Marius and Razvan Bazavan, ended 2022 with revenues worth EUR10 million, up almost 50% on the year.
Pinum Doors & Windows 2022 Turnover Up 30% YOY
Pinum Doors & Windows, part of Italy’s Nusco group, controlled by Nusco family, ended 2022 with revenues of above EUR22 million, up 30% from 2021 on the rising demand both locally and in Eur...
Banca Transilvania Aims to Boost Lending and Profit by 7%, Assets by 13% in 2023
Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate net profit of above RON2.3 billion this year, 7% above the 2022 level, as it project...
Aqurate Eyes Fivefold Recurrent Revenue Boost in 2023
Aqurate, a local startup developing an AI-powered platform for ecommerce data analysis, plans to boost its recurrent revenues four-fivefold this year as it will increase the number of ecomme...
Ivatherm 2022 Revenues Up 42% YOY
Romanian dermocosmetics producer Ivatherm saw revenues rise by 42% in 2022 from the previous year.
Agricover Reports RON2.55B Turnover, Up 50%, RON91.3M Profit, Up 7% in 2022 YOY
Agricover group, controlled by businessman Jabbar Kanani, reported revenues of around RON2.55 billion in 2022, up 50% from 2021 and net profit worth RON91.3 million, 7% higher on the year.
TotalSoft Overshoots 600-Employee Mark in Romania
TotalSoft, a major software producer in Romania, went beyond the 600-full time employee threshold last year, after having recruited over 100 specialists.
Bucharest’s 4-Star Hotel Capital Plaza Ends 2022 with EUR2.5M Turnover, Expects 12% Growth in 2023
Bucharest’s four-star hotel Capital Plaza, controlled by Romanian entrepreneurs, in 2022 generated EUR2.5 million turnover and expects 12% growth in 2023, according to its officials.