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 Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
