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Metrorex estimates losses of 181.83 mln lei in 2025, almost similar to those in 2024
Wednesday, April 16, 2025
Metrorex [the company operating the Bucharest Metro] estimates a loss of 180.83 million lei for the current year, down 0.21% compared to the preliminary loss in 2024, amounting to 181.21 million lei, although revenues from the metro passenger transport activity are scheduled to increase by 87.83%, both as a result of the increase in the price of a trip from 1.71 lei to 2.79 lei, but also of the increase in the number of passengers, according to the draft ...
ONRC: Number of companies to suspend activity down by 30.37 pct in January 2025
Wednesday, April 16, 2025
The number of companies that suspended their activity in January 2025 was 1,706, down by 30.37% compared to the similar period in 2024, according to data published by the National Trade Registry Office (ONRC).Most of the companies that suspended their activity were from Bucharest, respectively 192 (down 30.69% compared to the first month of 2024), followed by Cluj county, with 96 suspended companies (minus 26.72%), Bihor - 95 (minus 7.77%), Iasi - 78 (minus ...
CONAF disagrees with elimination of gender quota in management of state-owned companies, requests reanalysis of legislative amendment
Wednesday, April 16, 2025
The National Confederation for Women's Entrepreneurship (CONAF) expresses its deep concern and disagreement with the recent amendment to the provisions of art. 5 paragraph (5) of the Emergency Ordinance on the corporate governance of public enterprises, given that the new wording of the law conditions the application of the minimum gender quota in the composition of the boards of directors of companies with full or majority state capital to the results of the selection ...
PENNY Romania targets 1,000 stores and EUR 3 billion in investments by 2035
Wednesday, April 16, 2025
PENNY Romania ended 2024 with a turnover of over RON 9.4 billion, marking a 13.47% increase year-over-year. Investments of more than RON 868 million (equivalent to over EUR 177 million) were directed toward expanding and modernizing the store network—reaching the 400-store milestone—and initiating construction on the fifth logistics center in Mihailesti. The company’s strategic plan includes EUR 3 ...
ATAC, the discount format with the lowest prices, opens its first store in Bucharest
Wednesday, April 16, 2025
Auchan Romania continues to expand the ATAC Hiper Discount network, a format known for its aggressive low-price policy, reaching a total of 8 stores under this concept. The latest opening took place on Thursday, April 10, in Bucharest. Under the slogan “Down with prices!”, ATAC stores offer low prices across the board, along with a cascading discount system for larger quantities, made possible by streamlined product ranges and reduced operating ...
DB Schenker integrates Mercedes-Benz eActros 300 electric truck into its Romanian distribution network
Wednesday, April 16, 2025
DB Schenker has incorporated a fully electric Mercedes-Benz eActros 300, provided by Daimler Truck & Bus Romania, into its heavy fleet. The truck will support land freight collection and distribution operations, reinforcing the company’s commitment to sustainable logistics. DB Schenker, a global leader in logistics and supply chain solutions, is expanding its commitment to sustainability by integrating the ...
Innofa Launches Innofa Romania to Serve the European Market - BedTimes Magazine
Wednesday, April 16, 2025
Innofa, a global manufacturer of textiles and sleep solutions with production facilities in the United States and Mexico, has launched a new subsidiary, Innofa Romania SRL, as part of the company’s global expansion strategy. This new facility is committed to strengthening Innofa’s ...
6,327 companies deregistered nationwide in January 2025
Wednesday, April 9, 2025
A total of 6,327 companies were deregistered nationwide in January 2025, a 31.61% decrease compared to the same period in 2024, according to statistics from the National Trade Register Office (ONRC).The highest number of deregistrations was recorded in Bucharest, with 1,067 (a decrease of 22.46% compared to the first month of 2024), and in the counties of Iasi (318 +1.27%), Timis (286, -8.92%), Cluj (275, -41.36%), Bihor (234, -13.65%) and Prahova (221, ...
Trade Register Office: 309 companies running on foreign capital set up in January 2025
Wednesday, April 9, 2025
A number of 309 companies running on foreign capital were established in Romania in January 2025, down 15.76% compared to the same period in 2024, according to data centralized by the National Trade Register Office (ONRC).The 309 new companies had a subscribed share capital totaling 301,700 US dollars, down 89.8% compared to the subscribed capital of companies registered in January 2024, of 2.958 US million dollars.Depending on the fields of ...
Competition Council analyzes takeover of Land Motors assets by Bavaria Cars and AB Immo Cluj
Wednesday, April 9, 2025
The Competition Council is analyzing the transaction through which Bavaria Cars SRL and AB Immo Cluj SRL intend to take over some assets held by Land Motors SRL, according to a press release.The main activity of Land Motors SRL is the trade in passenger cars and light motor vehicles under 3.5 tons. In addition to the trade in passenger cars and light motor vehicles (new - Toyota and used - Toyota and Lexus), Land Motors SRL provides technical ...
Hungarian Group KÉSZ Expands in Romania with New Factory
Wednesday, April 9, 2025
The Hungarian KÉSZ Group is expanding its presence on the Romanian market with a significant investment in Cluj County. The company has inaugurated a production plant in Moldovenesti, supported by Hungarian government funds. The group, one of the largest construction groups in Hungary and which has been operating in Romania for over two decades, is also ...
Growing Romanian courier market slowed down by red tape
Wednesday, April 9, 2025
The courier market in Romania is in constant growth, due to e-commerce and corporate investment, even if there is a slowdown in business due to red tape procedures of central and local administrations, in particular, in terms of regulations and authorisations, is the main conclusion of the Courier & Postal Services Forum 2025 conference organised by Govnet Conferences."In our industry we witness important growth after the pandemic. At FAN Courier, ...
COSMO PHARM Invests €2M in Cutting-Edge Supplement Lab
Wednesday, April 9, 2025
COSMO PHARM, a Romanian dietary supplement producer, has launched a new state-of-the-art laboratory for supplement research and production, built to the highest European and international standards (GMP – Good Manufacturing Practices). The €2 million investment is part of the company’s broader strategy to increase output at its Ilfov facility by up to 40%, in response to rising demand for high-quality natural supplements both locally and ...
TelePaws eyes expansion to Italy, Spain, and the Middle East
Wednesday, April 9, 2025
TelePaws, a Romanian veterinary telemedicine platform founded in 2024, has completed an investment round including both capital and strategic expertise, marking the entry of entrepreneur Razvan Costea-Barlutiu as a strategic investor and Chief Technology Officer (CTO). While the investment amount is undisclosed, the deal supports the company’s international expansion plans and the accelerated development of AI-based features scheduled for release by ...
Greenbrier closes wagon factory in Arad
Wednesday, April 9, 2025
The US-based Greenbrier company, which owns three wagon factories in Romania, announced that it is closing its production unit in Arad. “Due to the difficult and accelerating challenges in the local market, Greenbrier Romania intends to cease its production operations, carried out at the Arad factory. This decision was influenced by several factors, including increasing ...
IFC Partners with Agricover Credit to Boost Financing for Romanian Farmers
Wednesday, April 9, 2025
IFC is supporting a $42 million equivalent debt financing package to Agricover Credit IFN, Romania’s largest non-banking financial institution specializing in agriculture. The investment will expand access to financing for micro, small and medium enterprises (MSMEs) in Romania’s agricultural sector, with at least 50 percent of the funds allocated to women-owned MSMEs, addressing a critical financing gap for women farmers and ...
Over half of Romanians had to improve their skills to avoid losing their jobs
Wednesday, April 9, 2025
The pace of change in recent months has accelerated, with a direct impact on the way we work, learn and adapt. In this context of labor market transformation, bestjobs, whose CEO, Andrei Frunza, will be present on April 15 at ...
Digi Romania has taken out a €54.7 million export credit to expand its networks in Romania and Portugal
Wednesday, April 2, 2025
Telecoms operator Digi Romania announces that they finalized two export credit loan agreements worth 54.76 million euro with maturity of four years, to expand its networks in Romania and Portugal. "The Company wishes to inform the market that Digi Romania SA has entered into on 27 March 2025 two export credit loan agreements in the principal amount of EUR ...
Competition official urges monopolists not to encourage their group companies
Wednesday, April 2, 2025
The temptation for monopolists to encourage their group companies is great, but I still advise them not to do so, because it may run contrary to the competition legislation, Adrian Comanescu, member of the board of the Competition Council, said on Tuesday at a debate on the role of the energy sector in Romania's economic development."Distributors are in a special position, they are in a monopoly and the responsibilities they have are special ones. ...
Wizz Air Opens New Operational Base at Bucharest Baneasa
Wednesday, April 2, 2025
The new Wizz Air base was opened at Bucharest Baneasa Airport, offering travel options from the Capital to seven destinations. Wizz Air welcomed its state-of-the-art Airbus A321neo aircraft, which will serve the newly established base at Bucharest Baneasa – Aurel Vlaicu International Airport. With its second base in the capital inaugurated today and an additional aircraft set to operate from ...