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Bozankaya, the manufacturer of trams in Iasi and Timisoara, delivers the first driverless metro produced in Turkey
Wednesday, November 29, 2023
Bozankaya, a rolling stock manufacturer already present in the Romanian market, has delivered Turkey’s first driverless metro in Kocaeli. The project represents a revolutionary step in the evolution and modernization of railway infrastructure, opening new horizons in European mobility. The inauguration ceremony took place at the Bozankaya ...
SoftServe opens headquarters in Romania
Wednesday, November 29, 2023
Ukrainian provider of software and consulting services SoftServe, among the largest technology companies in Eastern Europe, inaugurated the first headquarters in Romania, in Bucharest, and will conclude 2023 with an increase of over 200% in the number of employees ...
More than half of active enterprises provide market services
Wednesday, November 29, 2023
More than half of the total number of active enterprises, namely 51.1%, had market services as their main activity in 2022, and the highest average number of employees, representing 38% of the total, was recorded in this sector, according to a press release issued by the National Institute of Statistics (INS).In 2022 the average number of employees increased 1% compared to 2021. Businesses in the market services sector had the largest share in terms of average number ...
OTE wants to take over Telekom Romania Mobile Communications
Wednesday, November 29, 2023
Quantum Project, a project company controlled by Romanian entrepreneur Adrian Tom?a, announces that it has signed a binding agreement with OTE, a telecommunications company subsidiary of Deutsche Telekom, for the acquisition of a 99.9999994% stake in Telekom Romania Mobile Communications. The completion of the transaction is subject to obtaining all necessary approvals from the competent institutions of the Romanian State, in parallel with finalizing the terms of the ...
Anchor Grup’s retail portfolio shows growth in Q4
Wednesday, November 29, 2023
Anchor Grup, one of the most important real estate developers on the local market, announces new names in its retail portfolio, in both shopping centers it owns – Bucuresti Mall-Vitan and Plaza Romania. Anchor Grup’s two malls have been positioned, since the beginning, as one-stop shop destinations and continue to offer brands that meet the needs and preferences of their consumers. In addition, the occupancy rate of the two shopping centers remained ...
Jimmy Key Opens the Second Store in Romania
Wednesday, November 29, 2023
Jimmy Key company from Turkey, with over 30 years of experience in womenswear, will open in 8th of December the second store in Romania within the AFI Cotroceni in Bucharest, developed by AFI Europe. Jimmy Key has leased a space in the project through a transaction brokered by the real estate consultancy company Cushman & Wakefield Echinox. “We are very glad to announce the opening of the second Jimmy Key location in Bucharest, after the entering Romania ...
Hengst buys factory close to Ford plant in Romania to produce air filters
Wednesday, November 29, 2023
German company Hengst Filtration bought the former IAC factory in Bals, southern Romania, where it plans to produce air filters, announced Catalin Rotea, the mayor of the city. "Now, we have an investor in Bals - Hengst Filtration, who bought the IAC factory. They will move a factory from Germany to Bals. In January, they want the factory to be functional, and in December, they want to have at least 100 employees, and they want several hundred jobs ...
Top 10 brand owners in Romania
Wednesday, November 29, 2023
The Brand Defender Association for the Defense of Intellectual Property Rights Holders announces the Top 10 Brand Owners in Romania. The top was created in accordance with the applications submitted in the last 10 years to the EUIPO – the European intellectual property office that analyzes and issues certificates valid for all 27 EU states – and OSIM – the office that legally covers only the territory of Romania ...
Biofarm, net profit of almost 70 million RON in 9 months
Wednesday, November 22, 2023
The drug manufacturer Biofarm registered a net profit of 69.9 million RON in the first nine months of the year, up 6% compared to the same period last year, according to a company statement.The turnover increased by 10%, reaching 229 million RON, compared to 209 million RON in 2022. EBITDa reached 81.6 million RON during the mentioned period.In the first nine months of 2023, Biofarm occupied the 2nd place in the CHC (Consumer Healthcare) segment, in terms ...
Transilvania Investments profit surges 176pct nine months into 2023
Wednesday, November 22, 2023
Transilvania Investments has reported a net profit of RON 151.99 million for the first nine months of 2023, 176% higher y-o-y.On September 30, the net income of Transilvania Investments was RON 172.42 million, a positive jump of almost 136% y-o-y. Dividends received from the companies in the Transilvania Investments portfolio had an important share in the income, and the increase in dividends from the companies in which the fund holds the majority stake was ...
Antibiotice Iasi, 2.6 times higher net profit 9 months into 2023 v 2022 same period
Wednesday, November 22, 2023
Antibiotice Iasi reported a net profit of 76.7 million RON nine months into 2023, 2.6 times higher than the value recorded in the same period last year, of 29.5 million RON, according to a press release of the company.The turnover obtained by the drug manufacturer from sales on the domestic market and on international markets was 463.4 million RON, up 28 pct compared to 362.6 million RON, the level reached in the same period of 2022.On the Romanian market, ...
Primark to open its third store in Romania
Wednesday, November 22, 2023
Primark, the international fashion retailer, has announced plans to open a third store in Romania, located in Iulius Town Timisoara. The store will be Primark’s first location in the west of the country and is expected to open in the second half of 2024. The news follows Primark’s successful entry into the Romanian market in 2022, with the opening of its first location in ParkLake Shopping Centre, Bucharest. Just six months later, the retailer opened a second store in the ...
Share of German companies in Romania expecting economic situation to deteriorate has almost doubled
Wednesday, November 22, 2023
Only 17.1% of Romanian companies expect the country's economic situation to improve in the next 12 months, as against 22% in spring, while 44.7% consider that the state of the economy will deteriorate, as against 26% in spring, show the results of the aHK Business Outlook for Romania, a survey carried out by the Romanian-German Chamber of Commerce and Industry (aHK Romania).as many as 38% of the respondents are of the opinion that the economic situation of Romania will ...
Association of F-GaS Companies Romania, officially launched
Wednesday, November 22, 2023
The association of F-GaS Companies Romania will contribute to the achievement of a European legislative framework that supports innovation, sustainability and a cleaner future for all, by adapting to new changes and by being actively involved in shaping them, according to a press release issued on Monday.The association of F-GaS Companies Romania was established this month and aims to identify and implement sustainable environmental solutions in this ...
VeroTherm to open its first logistics center in UK
Wednesday, November 22, 2023
Romanian manufacturer of polystyrene and dry mortars, VeroTherm, intends to inaugurate its first logistics center outside the country, in the United Kingdom, aiming to expand the company’s operations into foreign markets. The new logistics center will be established in London, in the vicinity of Wembley Stadium and will serve as a sales and delivery point for VeroTherm products. This initiative is undertaken in partnership with Essential Green ...
Simtel Team advances Group Development with 6 Million lei strategic logistics investment
Wednesday, November 22, 2023
Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the aeRO market of the Bucharest Stock Exchange and a national leader in the field of renewable energy, announces the completion of the investment in a new logistics space, in Baicoi, Prahova County, which becomes a supply hub for all activities carried out by the group. “The accelerated development of the company has required reconsidering everything related ...
ING Bank is financing with EUR 21 million Vrancart
Wednesday, November 22, 2023
ING Bank Romania supports with credit facilities totalizing 21.4 million euro the development of Vrancart, one of the largest producers of corrugated board, hygienic-sanitary paper and cardboard packaging on the Romanian market. ING’s funding comprises both working capital facilities and investment loans. In the context of the growing packaging industry, Vrancart aims to strengthen its market position and invest in the acquisition of high-tech equipment, as well ...
dm drogerie markt Romania announces a turnover increase of over 58% in the fiscal year 2022 – 2023
Wednesday, November 22, 2023
dm drogerie markt company marked the end of the fiscal year on September 30, with a significant increase following the implementation of its strategy, the sustained efforts of the entire dm team, and ongoing expansion. The turnover thus reached 1,308,295,008 lei, recording an increase of over 58% compared to the previous year. dm drogerie markt, present in Romania for 16 years, also celebrates one year since the launch of its online ...
Romania: First InvestEU agreement provides €25 million in EIB financing to boost security of supply for medicines
Wednesday, November 15, 2023
EIB loan is expected to enhance local production of medicines Financing agreement promotes innovation in a cohesion region, highlighting EIB’s commitment to equitable growth This agreement is supported by the InvestEU programme, which aims to trigger more than €372 billion in additional investment over the period 2021-2027. The European ...
Digi Communications N.V. reports consolidated revenues of 1.2 billion euros
Wednesday, November 15, 2023
Digi Communications N.V., one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, reports consolidated revenues (including revenues and other income) of EUR 433.7 million in the third quarter of 2023, a 13% increase compared to the same period of the previous year.Adjusted EBITDA increased by 19% compared to the result from ...