Borussia Dortmund had over EUR 400 million revenues in financial year 2022/2023

In financial year 2022/2023, the lifting of COVID-19 pandemic related restrictions affecting Borussia Dortmund's business model led to an...

World’s 500 largest family businesses grew their revenue by 10%

The 500 largest family businesses generate US$8.02t and employ 24.5m people across 47 jurisdictions, according to 2023 EY and...

Vodafone sells its operations in Hungary for 1.7 billion euros

British giant Vodafone reached an agreement on Monday to sell its Hungarian operations to the local IT company 4iG...

Four European companies are on Top 20 Best Global Brands in 2022

For the seventh consecutive year, Mercedes‑Benz retained its position as the only European brand and the only luxury brand...

US giant Lam Research acquires Salzburg tech company Semsysco

Lam Research (LRCX) has completed the acquisition of Semsysco GmbH, a global provider of wet processing semiconductor equipment from Gruenwald Equity...

TUI to lease three Embraer E195-E2 aircraft from AerCap Holdings

AerCap Holdings announced it has signed lease agreements with TUI for the lease of three Embraer E195-E2 aircraft which...

SeedBlink acquires Dutch crowdfunding platform Symbid

SeedBlink announced it has completed the acquisition of Symbid, one of the world's first investment crowdfunding platforms.Symbid was founded...

Tax wedge in CEE countries remains relatively wide, ranging between 15% and 51%

VAT remains the prime source of tax revenues in CEE countries and digital technologies have visibly improved the efficiency...

Bulgarian TBI Bank reports a quarterly net profit 40% higher than Q1 2021

TBI Bank’s unaudited financial results for Q1 2022 show all-time quarterly record net profit of EUR 10.2 million, 40%...

Online car marketplace Cinch set to become Crystal Palace’s official front of shirt sponsor

Cinch is set to become Crystal Palace’s official front of shirt sponsor for the 2022/23 season for both the men...

eMAG is the leader of the online commerce sector in Hungary

Romanian retailer eMAG is the leader of the online commerce sector in Hungary, according to market research firm GKID.This...

IT Genetics expands its operations in Spain by opening a new office in Madrid

Romanian company IT Genetics expands its operations in Europe by opening its third international office, in Madrid, Spain.Here,...

Connections Consult established its first US subsidiary in Virginia

Connections Consult announces the establishment of its wholly-owned US subsidiary, Connections Consult USA LLC (CC USA), in Fairfax, Virginia.CC...

Bulgarian TBI Bank posts a record net profit for 2021

TBI Bank’s consolidated unaudited financial results show all-time record net profit of EUR 27.5 million in 2021, 39% higher...

Sphera Franchise Group posts record sales of over RON 1 billion in 2021

The historical result of over 1 billion RON registered in 2021 was driven by the sales in Romania, which...

Stellantis posts record results for its first year

As a new company formed on January 17, 2021, Stellantis posted record results for 2021, with net revenues of EUR...

Deutsche Telekom revises its iconic T logo

Deutsche Telekom will use a new logo, both at group level and in all national companies operating under the...

euShipments invests several million euros in its operations in Romania

Bulgarian company euShipments expands its presence on the Romanian market, as part of a strategic investment of several million...

Czech retailer Notino set, in 2021, a new record in annual turnover

Czech retailer Notino set, in 2021, a new record of 737 million euros in annual turnover, an increase of...

Waterdrop has reached over 1 million customers worldwide

To date, Waterdrop sold more than 200 million reusable products, Microdrinks, and containers to more than 1 million consumers...

Yellow.Menu cloud restaurant aims to triple its turnover in 2021

Yellow.Menu, the cloud restaurant with delivery in Bucharest and Cluj-Napoca, has exceeded the 300 orders/day milestone.Moreover, it launches a...

European Union boasts more than 80.000 startups

EU27 boasts more than 80.000 startups, of which 51 are unicorns. The investments raised by European startups totalled 41...

Two Lithuanians created the ”Zoomer” pullover, for video calls with style

Two Lithuanian creative professionals, a personal branding consultant and fashion designer created the ”Zoomer” pullover, specifically for video calls.The...

Bonami has a new sales target for 2021, EUR 96 million

Bonami had set a target of EUR 77 million in sales for 2021, but after an increase in sales,...

73% of business leaders say business has been affected by the pandemic

Almost three quarters (73%) of the business leaders who responded to a survey said that their business had been...

Half of global CEOs don’t expect to see a return to ”normal” until 2022

The 2021 KPMG CEO Outlook Pulse Survey finds that almost half (45 percent) of global executives do not expect...

Globalworth net operating income increased by 6.5% to EUR 157.3 million

Globalworth net operating income increased by 6.5% to €157.3 million in 2020 and a total combined portfolio value which...

TBI Bank to offer consumer lending services in Lithuania

TBI Bank, with core markets in Bulgaria, Romania, and banking operations in Germany, Sweden, Denmark and Poland, enters the...

H&M sales rose in the first half of this month, after stores reopening

H&M sales rose in the first half of this month, after COVID-19 restrictions eased in some markets, allowing the...

YouTube ad revenues surged by 46% in Q4 2020 to nearly $7 billion

According to the research data analyzed and published by Comprar Acciones, there was an increase of 23.5% in the company's...

Cazoo acquires Cluno, a German car subscription service

Cazoo acquired Cluno, Germany’s leading consumer car subscription platform, for an undisclosed sum.Founded in 2017, Cluno offers a flexible...

Payment delays between companies in Poland have shortened to 48 days

Average payment terms for Polish businesses were 48 days in 2020, 9 days less than in 2019, Coface reports.Payment...

Covid-19 pandemic caused losses of 1.98 billion euros to the Accor hotel group

The French hotel group Accor announced on Wednesday that last year it registered a net loss of almost two...

Notino, a 42% increase in turnover in 2020, to 563 million euros

Notino reached an annual turnover of 563 million euros in 2020, an increase of almost 194 million euros compared...

Raben Group revenues exceeded 1.26 billion euro in 2020. Big investments in Poland

Raben Group has finished the previous year with the revenues exceeding 1.26 billion euro, and new investments in Europe.The...

Teknosa revenues up by 36% in 2020 to a record-high

Teknosa increased its revenues by 36% to a record-high TL 5.6 billion, while recording TL 85.3 million in net profit, up from the net...

Family businesses are optimistic about their recovery by 2022

Family businesses are optimistic about their recovery over the next two years, with 86% anticipating a return to pre-pandemic...

TBI Bank partners with Onfido to cut customer onboarding time by 67%

TBI Bank announces a partnership with Onfido, the global identity verification and authentication provider, to power secure and seamless...

Cegeka opens its office in Moldova. 200 new jobs available

The European IT solution provider Cegeka opens a new office in Moldova. Five employees already work at the new...

AstraZeneca profit at $ 3.2 billion last year, more than double compared to 2019

AstraZeneca's sales rose 9 percent to $ 26.6 billion, thanks to new drugs and strong demand for anti-virus products...

Bonami, increase in sales of 19 million euros compared to 2019

Bonami recorded, despite the pandemic, an increase in sales of 19 million euros compared to 2019. The company plans,...

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