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Auchan Romania Launches its 2023 Sustainability Report

Wednesday, October 30, 2024

Auchan Romania has published its fourth Sustainability Report, an annual transparency initiative detailing the company’s activities and initiatives from the previous year. Although the company publishes this report voluntarily, it covers a wide range of topics and is prepared in accordance with the GRI Core international reporting standards, integrating elements from other standards such as SASB (Sustainability Accounting Standards ...

Arctic Stream takes over 23% of the share capital of Data Core Systems

Wednesday, October 30, 2024

Arctic Stream, an IT security and infrastructure integrator, announces that it has received the approval of the Competition Council to take over a part of Data Core Systems (DCS), a provider of cyber security services in Romania. “ARCTIC STREAM S.A. (AST / Company) informs investors regarding the receipt of a decision from the Competition Council regarding the economic concentration ...

Number of IT Employees in Romania Dropped by More Than 10,000 in 2023

Wednesday, October 30, 2024

  A recent study by ANIS (Employers’s Association of the Software and Service Industry), analyzing the state of IT&C in Romania in 2023, reveals important insights, ...

Nokian Tyres receives nearly half-billion lei state aid for Oradea plant

Wednesday, October 30, 2024

Nokian Tyres receives an ad hoc regional state aid in the form of a grant worth 495.2 million lei, informs the Ministry of Finance, which has prepared a draft Decision in this ...

Longshield Investment Group gets a new brand identity and a new symbol on Bucharest Stock Exchange

Wednesday, October 30, 2024

 The Longshield Investment Group changed its trading symbol at the Bucharest Stock Exchange from SIF4 to LONG, thus completing the rebranding process of financial investment company SIF Muntenia (SIF 4) into Longshield Investment Group, the representatives announced on Wednesday Bucharest Stock Exchange."Longshield Investment Group's shares are traded on the regulated market of the Bucharest Stock Exchange since November 1999. The history of SIF ...

Golin Romania named PR Agency of the Year at the 2024 Biz PR Awards

Wednesday, October 30, 2024

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  Golin Romania has been awarded PR Agency of the Year at the 2024 Biz PR Awards, a top event in the local communications industry. This award reinforces Golin’s leadership and consistent performance, marking the seventh time the agency has achieved the top spot in the ranking’s 13-year history.   The Biz PR Awards ranking, curated by Biz Magazine in partnership ...

Schoenherr advises Trans-Oil Group on acquisition of Frial Terminal

Wednesday, October 30, 2024

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Schoenherr si Asociatii SCA advised Trans-Oil Group, a leading agribusiness operator in the Black Sea region, on the acquisition of Frial Terminal, located in the Port of Constanta, Romania. The transaction marks a key milestone in Trans-Oil’s long-term strategy to expand its presence in the Black Sea, allowing the group to streamline its logistics and distribution of goods across multiple ...

Aon Romania presents business perspectives for 2025: Risk management systems as a solution for stability in an uncertain environment

Wednesday, October 30, 2024

  Aon Romania, one of the global leaders in corporate insurance brokerage, organized the event “Trade Credit - Perspectives for 2025” on Thursday, October 24, aiming to discuss current challenges in the Romanian business environment and specific tools for risk mitigation. Difficulties in debt recovery, economic uncertainty, and rising operational costs are among the most pressing challenges Romanian companies ...

Electromontaj continues European expansion with new project in Poland

Wednesday, October 23, 2024

Romania’s Electromontaj Group announced a new partnership on the European market with the Polish national electricity transmission operator, Polskie Sieci Elektroenergetyczne, for the construction of a new high-voltage line on the territory of Poland.   After winning the tender, Electromontaj signed the contract to construct the 400 kV high-voltage overhead line ?ydowo Kierzkowo - Pila Krzewina, in consortium with Romgos ...

One United Properties' nine-month residential sales and pre-sales reach EUR 190.6 million

Wednesday, October 23, 2024

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office properties, reports residential sales and pre-sales of EUR 190.6 million in the first nine months of 2024. In 9M 2024, the Group sold and pre-sold 713 apartments and commercial units with a total area of 71,886 sqm, as well as 1,071 parking spaces and other unit types.   "We conclude our strongest quarter to date in 2024 with an exceptional ...

FlixBus reports strong passenger growth in summer season

Wednesday, October 23, 2024

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- FlixBus reports a 28% increase in the number of passengers traveling by its coaches to and from Romania this summer compared to the same period last year - The most popular international destinations for Romanian passengers this summer were Budapest, Vienna, Istanbul, Varna and Sofia - International passengers chose FlixBus to travel mainly to Bucharest, Cluj-Napoca, Timisoara, Brasov, Oradea, Arad and ...

Hisky concludes another growth quarter, with a 28% increase in passengers, compared to 2023

Wednesday, October 23, 2024

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  HiSky is expected to close 2024 with 1.9 million passengers, according to estimates at the end of the third quarter. In the first nine months of the year, the company registered over 1.5 million passengers, marking a 28% increase compared to the same period last year. These results reflect the upward trajectory in both flight numbers and load factor that the company has been experiencing since the lifting of travel restrictions imposed during the ...

Ikea Romania recorded a solid increase in online and offline sales in fiscal year 2024

Wednesday, October 23, 2024

IKEA Romania announced its sales results for the fiscal year 2024 (September 1, 2023, to August 31, 2024), highlighting growth in both online and offline sales. The company recorded a 12% increase in total sales and a 5% rise in online commerce compared to the previous year. During the 2024 fiscal year, IKEA Romania sold over 26.5 million products, 65% being pieces of furniture and 35% accessories, contributing to a turnover exceeding 1.4 ...

Chimcomplex and Econic Sign MOU to Explore Production of CO2 Polyols in Europe

Wednesday, October 23, 2024

Chimcomplex, a leader in the chemical industry in Romania and Econic Technologies, a UK-based deep tech company focused on renewable carbon, has signed a memorandum of understanding. The companies will collaborate to explore potential production of CO2-based polyols to enhance the sustainability and performance of materials across various industries and to bring the sustainable polyol technology to the European market.   Econic’s technology uses a proprietary ...

Competition Council Reviews Mega Image’s Proposed Commitments to Acquire Profi

Wednesday, October 23, 2024

The Competition Council is submitting for public debate the second set of commitments proposed by Delhaize “The Lion” Nederland B.V. (Mega Image) to address competition concerns identified in the retail market for predominantly food products, in the context of its acquisition of Profi Rom Food S.R.L.   Following its analysis, the Competition Council found that the transaction could strengthen Mega Image’s already strong position in the retail market for ...

Casa Rusu: One of Romania’s Oldest Furniture Retailers Bankrupt

Wednesday, October 23, 2024

Casa Rusu, one of the oldest furniture manufacturers and retailers in Romania, enters insolvency through a simplified procedure, according to a decision taken by the Timis Court.   The Rus Savitar Group – Casa Rusu was founded in 1994 by the Rusu family, which is also the owner of Rus Savitar SA, the company through which they produce furniture, and at the same time the creditor in this process through which Casa was declared insolvent through a simplified ...

Hungarian firm Zalakerámia moves production to Cluj

Wednesday, October 23, 2024

The Hungarian interior design company Zalakerámia has started the dismantling of its factory in Romhány, which provided most of the production in Hungary, and the technology will be transferred to its factory in Cluj.   The company, owned by the Austrians from Lasselsberger, thus stopped production in Hungary, reports hvg.hu.   The company announced in May 2023 that there would be a collective layoff at ...

Romanian M&A market rebounds in Q3

Wednesday, October 16, 2024

 Activity in the Romanian M&A market rebounded in the third quarter of 2024, despite a drop in the number of transactions in the first half of the year, with 77 deals announced in the July-September period, compared to 53 in the similar period in 2023, according to a PwC analysis.The real estate, consumer goods and renewable energy sectors were the main catalysts for this growth, generating more than 65% of the additional number of deals announced in the third ...

TeraPlast Group Acquires 70% Of Optiplast Packaging Manufacturer In Croatia

Wednesday, October 16, 2024

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TeraPlast Group announces the signing of a purchase agreement to acquire 70% of the share capital of Optiplast, the third largest flexible packaging manufacturer in Croatia. Optiplast is a company with a similar product range and technology to TeraBio Pack, adding 35 years of experience in the flexible packaging market.   “Through the acquisition of Optiplast, we are expanding our geographical footprint, and our production capacity now ...

SITA Selects Cluj-Napoca For Newest Global Technology Hub

Wednesday, October 16, 2024

SITA, the company specialized in air transport technology, has opened a new technology hub in Cluj-Napoca, demonstrating the city’s potential to host and support large-scale technology operations. The new hub will develop cutting-edge solutions that address the aviation industry’s most pressing challenges, such as improving passenger experiences and reducing environmental impact.   This adds to Cluj-Napoca’s robust technology ...

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