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Telekom Romania launches two new hosting data centers following EUR 3.5 M investment

Wednesday, September 23, 2020

Telekom Romania has inaugurated two data centers, a 3.5 million euros investment, after the four in Bucharest and two in Bra?ov, thus becoming the Romanian operator with the largest network of centers for providing data hosting services (HDC). The two data centers in Cluj-Napoca have a total hosting capacity of over 300 racks. Following the inauguration of the centers in Cluj-Napoca, the total ...

Survey: Romanian companies are not prepared for the post-lockdown economic environment

Wednesday, September 23, 2020

Romanian companies need to reposition themselves to find answers to the business challenges posed by the pandemic, according to a Fast Track diagnosis by Valoria. However, at this time, most are not prepared to perform in the post-lockdown economic environment. The most deficient area is the sales and business development area with a score of 6.70.   ”The study launched today by Valoria is based ...

eMAG opens its first showroom in Bulgaria

Wednesday, September 23, 2020

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eMAG continues its international expansion by diversifying its sales channels and opens the first showroom in Bulgaria, Sofia, after the company opened its first showroom outside Romania in Hungary three months ago. The company plans to open three more showrooms in the first part of next year. Located in Serdika Center, one of the largest shopping centers in the Bulgarian capital, the new showroom allows eMAG.bg to expand the services offered to ...

Millennia Aviation to develop the first drone test corridor in Romania

Wednesday, September 23, 2020

Millennia Aviation, a Dublin based drone education and infrastructure company is to begin developing the first drone test corridor in the south west of Romania, a press release reports. It’s scheduled to launch in Q1 2021, employing a phased approach methodology. The initial phase will involve a netted facility, enabling beginners to develop their flying skills in a safe and secured environment. The second phase will involve a larger corridor, scheduled for launch ...

Realpad Software has recently entered the Romanian market

Wednesday, September 23, 2020

The Czech proptech Realpad Software, founded by Marian Skvarek in 2012, has recently entered the Romanian market. The company develops technology solutions for the real estate market and its flagship product, Realpad CRM, helps residential developers to manage the sales process in new residential developments.  The Romanian branch of Realpad Software will be run by Jakub Licak (32 years old), from the position of Business Development ...

5 startups were rewarded with the 100.000-euro prize at the grand finale of Innovators for Children 2020

Wednesday, September 23, 2020

The grand finale of Innovators for Children took place on the 15th of September and was organized by Impact Hub Bucharest in partnership with Botnar Fondation and Impact Hub Basel. Ten teams made it to the finale where they pitched for their ideas and solutions. KIDoc, Emoface, AutismON (Help Autism Association), Peditel and Brio were the winners of the day. This online event completed the selection process and the winning start-ups will now move ...

Vodafone changes tv experiences and video consumption with new service Vodafone TV

Wednesday, September 23, 2020

Vodafone launches Vodafone TV, the brand that will replace UPC and also an innovative service that brings users a completely new television and entertainment experience. The company also launches new fixed-mobile convergent offers under Vodafone One umbrella.  From the start of the pandemic, all the communication operators were busy keeping the services offered to the highest levels. Vodafone made no exception and managed to cover the 40 to ...

Donalam invests over 11 million euro in modernising the rolling mill in Calarasi

Wednesday, September 23, 2020

AFV Beltrame Group, the main shareholder of the company Donalam,one of the biggest producers of steel rods and special steel announced on Wednesday that they will invest over 11 million euro in modernising the rolling mill in the siderurgical unit in Calarasi ‘AFV Beltrame Group, the main shareholder of the company Donalam, one of the biggest European producers of steel rods and special steels invests over 11 million euro in modernising the ...

Internal market ready for new delivery startups

Wednesday, September 16, 2020

As the market for delivery services hit the EUR 1 billion mark in 2019, the industry is going through a series of challenges triggered by the ongoing coronavirus epidemic. Delivery platforms, some operated by startups, have relieved some of the pressure on firms that were worst hit by the lockdown orders, especially in the food business. Players are gradually adapting to the new market demands generated by the medical ...

Cornelia Nicolae joins FASHION HOUSE Group in Romania

Wednesday, September 16, 2020

FASHION HOUSE Group, has appointed retail veteran Cornelia Nicolae to the position of Retail Operations Director in Bucharest. Cornelia Nicolae will be responsible for launching the Group’s new flagship development, its second in Bucharest, while continuing to drive footfall and sales at its established outlet centre in the capital. With 24 years of fashion retail experience, Cornelia joins FASHION HOUSE Group from Italian fashion brand ...

Cacharel opens a store in Fashion House Outlet Centre Bucharest

Wednesday, September 16, 2020

International fashion retailer Cacharel has recently opened a new 26 sq. m. store in Fashion House Outlet Centre Bucharest. This is currently the only Cacharel brand store in Romania retailing exclusively menswear collections. Created in 1962, in Nimes, by Jean Bousquet, Cacharel is now an internationally renowned brand, associated with the idea of youth, lightness and refinement. Cacharel was one of the first fashion ...

The Competition Council analyses the taking over of Glass Container by Vetropack Austria Holding AG

Wednesday, September 16, 2020

The Competition Council announced that they analyse the trading through which the glass packaging producer Vetropack Austria Holding AG intends to take over Glass Container Company and Glass Container Prim from the Republic of Moldova and its branches. Following this trading, Group Vetropack will acquire indirectly the two Romanian branches Glass Container Company –SP and Glass Container Prim = SP as well as the ...

PM Orban supports building of new industrial park in Ramnicu Valcea

Wednesday, September 16, 2020

On Saturday, Prime Minister Ludovic Orban expressed his support for the project to establish an industrial park in Ramnicu Valcea.He said the idea of an industrial park in the city "could be a way to attract serious investors, boost the economy, give everyone who is looking for a job a chance.""The project to build an industrial park is (...) extremely important. Usually, in order to attract investments in localities, this facility ...

Gov't : Under SME Leasing, companies will have additional option to access financing

Wednesday, September 16, 2020

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The Prime Minister's Chancellery head, Ionel Danca, announced that the methodological norms for SME Invest and SME Leasing have been adopted in Thursday's Government meeting, and within the second programme, companies will have an additional option to access financing for the purchase of machinery or technological equipment."In the field of economy, [ed.n. - there are] two very important Government decisions for the implementation of the ...

DP World Constanta freezes new hires due to COVID-19

Wednesday, September 16, 2020

DP World Constanta, the Romanian subsidiary of Dubai's DP World, said on Friday that it is freezing new hires as part of a process of streamlining operations due to lower cargo volumes caused by the COVID-19 pandemic.   In response to the decrease in cargo volume, DP World Constanta laid off three crane operators, has withdrawn 11 new job postings and is  ...

New law firm in Romania: Domokos Partners

Wednesday, September 16, 2020

Emeric Domokos, Andreea Neagu, Artur Tintari and Oana Sarbu are partners in a strong, new law firm in Romania: Domokos Partners. Domokos Partners enters the business law market as a full-service law firm, with services covering all fields of law, with the purpose of offering innovative legal services of the highest quality, combining the local know-how of its partners with the international experience gained over the ...

DIY chain Hornbach to open new store in Romania at end-Sept

Wednesday, September 16, 2020

German do-it-yourself (DIY) chain Hornbach said on Wednesday that it will open a store in Romania - in the northwestern city of Oradea, at the end of September. The 23,000 sq m store will be located on a 4.5 ha land plot and will have 500 parking spots, Hornbach said in a press ...

Coface launches Diagnostic, an innovative product that helps companies correctly assess the financial situation of business partners

Wednesday, September 16, 2020

In the current situation marked by numerous economic challenges, Coface Romania supports companies by launching Diagnostic, a unique product on the business information market in Romania. The new product develops a risk profile of a subject company in a widely addressable language: Unique on the business information market: the only product in Romania that evaluates the company's financial ...

Astra Arad to deliver 100 new trams to Bucharest

Wednesday, September 16, 2020

Astra Vagoane Calatori, the wagon factory based in Arad, western Romania, will deliver 100 new trams to the Bucharest public transportation authority after the Bucharest Court of Appeal had rejected the appeal filed by the Bucharest City Hall in this respect, according ...

Altex buys local IT products retailer with EUR 2 M

Wednesday, September 16, 2020

Altex Group has announced the acquisition of Despec local company, which is one of the largest retailers of IT&C products in Romania. The transaction was worth over EUR 2 million. Following the deal, Altex is taking over 79% of the shares owned in Despec Romania. The transaction has received the Competition Council’s consent since March this year.  Altex will thus diversify its portfolio of ...

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