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PwC Romania: Romania M&A Market Back to Pre-pandemic Level in 2022
The mergers and acquisitions market in Romania, in terms of deals signed and concluded, reached EUR5.4 billion in 2022, higher than the pre-pandemic level of EUR5.2 billion of 2019, as a res...
Qualitance Posts 35% Growth in Revenue to EUR17.5M in 2022
Technology company Qualitance ended 2022 with EUR17.5 million revenue, an increase of about 35% on 2021, higher than expected.
Romania Computer and Electronics Market Up 8.6% in Value, Down 5% in Volume in 2022
Romanians spent almost EUR5 billion on electronics, home appliances, cell phones and IT products in 2022, a record high for the Romanian market, which stood at only one quarter of the curren...
Evergent Investments Boasts RON82.9M Net Profit in 2022, 78.6% Higher YoY
Evergent Investments (EVER.RO, formerly SIF Moldova) posted RON82.9 million net profit in 2022, an increase of 78.6% year-on-year, ZF has calculated from the preliminary unaudited annual fin...
Passenger Traffic on Romania’s Airports Higher in Jan 2023, Beats Jan 2020 Figures
The year 2023 starts on an optimistic note for the air travel sector, as passenger traffic on Romania’s airports stood at more than 1.66 million in January, Romanian Airports Association (AA...
Winemaker Purcari Sees Revenue Up 22% to RON302.5M in 2022
Purcari Wineries, a Moldovan winemaker listed on the Bucharest Stock Exchange under the symbol WINE, announced total revenue of RON302.5 million last year, up 22% from RON248.1 million in 20...
Artoil Expects 10% Growth in Revenue in 2023
Timisoara-based fuel supplier Artoil, owned by Alexandra and Alex Bunceanu, expects revenue to grow 10% this year compared with 2022, when it stood at RON1.14 billion (EUR231.2 million).
Conpet Ends 2022 with 25% Growth in Profit
Conpet Ploiesti (COTE.RO), a state-run crude oil transporter, ended 2022 with RON64.7 million net profit, up 24.6% compared with 2021, while revenue stood at RON472.2 million, 14.4% higher,...
Banca Transilvania Sees RON2.5B Net Profit in 2022
Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON2.5 billion consolidated net profit in 2022, an increase of 23% on 2021, while assets increased by 6% to RON140.5 billio...