Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. eMAG.ro increases its shares in Flip.ro

eMAG.ro increases its shares in Flip.ro

October 11, 2023

Flip Technologies, a marketplace devoted exclusively to sales of second hand smartphones, received capital of 8 million lei, through the conversion of a loan granted in March 2023 by the majority shareholder, Dante International, the administrator of eMAG.ro, according to data anlysed by Profit,ro.   Following that operation, the socil capital of Flip Technologies grew by 3,090 lei, reaching 85,190 lei, to which a first bond issue of 7,996,910 lei added, paid in full by Dante International. The structure of shares changed slightly, Dante International increasing its share from 50.1% to 51.9078%.   The other shareholders are: Alin Sebastian Luca – 22.1387% (from 22.97%), Georges Alexandru Moroianu – 22.1387% (from 22.97%) and Alex Nicolae Burchelia – 3.8150% (from 3.96%).   This year, the company estimates a business increase of 40-50%, from 170.9 million lei in 2022and reduction of losses which in 2022 reached 19.5 million lei. Flip.ro sells iPhone, Samsung, Huawei and Xiaomi phones. Over 80% of phones bought and sold by Flip.ro are iPhone and Samsung. Every day the company buys and sells about 400 phones. Flip Technologies began its activity in 2019.

The text of this article has been partially taken from the publication:
http://actmedia.eu/companies/emag.ro-increases-its-shares-in-flip.ro/104874
Read in full - click here
Third milk bank in Romania opens at Sibiu County Hospital

The third breast milk bank in Romania has opened at the Sibiu County Hospital, following a RON 13.5 million (about EUR 2.7 million) investment aimed at modernizing the hospital’s neonatology department.  The modernization project, financed through the National Recovery and Resilience Plan, included the replacement of old equipment, a 20% increase in the number of […]

Romanian president backs government in reforming magistrates’ retirement age and pensions

President Nicuşor Dan stated on Wednesday, July 30, in a press conference that the current system, which allows magistrates to retire under the age of 50 with a pension higher than their salary, is absurd. He also criticized the Superior Council of Magistracy, or CSM, for the current “disorderly” state of the Romanian justice system. […]

Romania sends firefighters to Greece for wildfire response missions

Forty Romanian firefighters and eight fire trucks left for Greece on Wednesday, July 30, to participate in firefighting missions, the General Inspectorate for Emergency Situations said. Between August 1 and September 15, Romania will take part in the Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) program aiming to support the Greek […]

Italian property manager Nazca opens its first office outside Italy in Bucharest

Integrated facility and property management services provider Nazca has opened its first office outside Italy, its domestic market, in Bucharest. Nazca expects revenues of over EUR 1 million next year in Romania, and in the next 3 years, the growth plan aims to reach EUR 10 million, with target sectors being office buildings, retail, industrial […]

TIFF Sibiu brings open-air screenings, meetings with Romanian filmmakers

The 19th edition of TIFF Sibiu, one of the local editions of the Transilvania International Film Festival (TIFF), the largest film event in the county, will present a program of international films and the latest productions by Romanian fillmakers, who will attend the event. The festival takes place between August 7 and August 10, with […]

Flyone adds route linking Bucharest to Munich

Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays.  This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]