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Vodafone fined in Romania on charges of abuse of dominant position

Wednesday, November 24, 2021

Romania's High Court (ICCJ) ruled in the case of Vodafone against the competition body Consiliul Concurentei (CC) and sustained a RON 111 mln (EUR 22 mln) fine to be paid by the telecom operator on charges of abuse of dominant ...

Survey:UiPath, the most appreciated company in Romania by its employees

Wednesday, November 24, 2021

UiPath, Zitec, Softbinator Technologies, JYSK Romania and Nobel Romania are the most appreciated companies in Romania by their employees, according to “Top Angajatori 2021”, ranking made by the Undelucram.ro platform. This is the only top in Romania made according to employees’ opinions and not according to the public image of companies.   In its sixth edition, the top was made between November 16, 2020 – November 15, 2021, ...

Nestlé Romania has invested over 250 Million Lei in the last 10 years

Wednesday, November 24, 2021

Community investments, taxes and contributions, added value along the entire value chain – these are the main coordinates of Nestlé’s presence in Romania. On the occasion of the 25th anniversary of its activity on the local market, the largest food and beverage company in the world presents the first socio-economic impact study.   “For us, a quarter of a century is measured in the value we ...

Dan Sucu, elected the new president of the Concordia Employers' Confederation

Wednesday, November 24, 2021

Dan Sucu, the president of the Employers Federation of Trade Networks in Romania, was elected president of Concordia Confederation, and replaced Steven van Groningen, president and general manager of Raiffeisen Bank.  “Concordia grew during Steven van Groningen's mandate, was reformed and started laying the bases of modernizing social dialogue. The confederation has been consolidated and has now 2,000 companies, 14 activity sectors, with a 26% GDP ...

Berg Software Timisoara joins AROBS Group

Wednesday, November 24, 2021

AROBS Transilvania Software, a Romanian IT company, announces the acquisition of Berg Software, a local custom software development and outsourcing company, with offices in Timisoara, Lugoj, and Oradea. Following the completion of the transaction, the AROBS Group will consolidate its presence in the Western part of Romania and intends to increase its presence in Germany, Austria, and Switzerland. To carry out this transaction, AROBS will use part of the capital raised from the BVB ...

One United Properties enters an agreement to buy a majority stake in Bucur Obor S.A.

Wednesday, November 24, 2021

One United Properties, one of the green developers of residential, mixed-use and office real estate in Romania, announces the conclusion of an agreement to buy a majority stake in Bucur Obor S.A., a company listed on the AeRO market of the Bucharest Stock Exchange under symbol BUCU.   “The decision to acquire the majority stake in Bucur Obor is in line with One United Properties’ strategy to increase the weight of profits from rental activity in a sustainable ...

Retailer TEDi to enter Romanian market

Wednesday, November 24, 2021

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TEDi chain of stores, one of the largest in Germany, previously branded T€Di to more clearly illustrate the concept, namely selling a large number of non-food products at a price of only EUR 1, will enter the Romanian ...

The supermarket Rohlik to launch operations in Bucharest

Wednesday, November 24, 2021

The Czech online supermarket Rohlik.cz will launch its online food delivery services under the new Sezamo brand in Romania and Italy, respectively in Bucharest and Milan, in the first half of next year.   In Romania, Sezamo will be able to deliver approximately 8,000 food items within 2 hours starting from the first day of operations, according ...

Top performinng companies in Romania employ over 1.2 million people

Wednesday, November 17, 2021

 In a ranking of the top performing companies in 2020, at the national level, there are 12,393 occupying the top ten spots - economic operators from different sectors of activity, such as: industry, services, commerce, tourism, research-development, agriculture, forestry, fishing, and constructions, announced the Chamber of Commerce and Industry of Romania (CCIR), on Monday.According to the quoted source, CCIR has finalized the ranking of the most performing companies ...

IAR Brasov records net profit of 22.88 million RON in first nine months, up by 53 pct

Wednesday, November 17, 2021

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IAR Brasov has recorded a net profit of 22.88 million RON in the first nine months of this year, increasing by 53 pct over the same period of last year, according to a report sent on Monday to the Bucharest Stock Exchange (BVB).The company had a net turnover of 235.83 million RON, in the first nine months of this year, larger by 10 pct over the figures accomplished in the same interval of 2020.The exploitation costs of the company in the first nine months rose ...

Fondul Proprietatea posts net profit of 3bln lei in first 9 months

Wednesday, November 17, 2021

Fondul Proprietatea reported a net profit of 3.097 billion lei in the first nine months of 2021, compared to a loss of 726.4 million lei in the same period last year, shows a company report submitted to the Bucharest Stock Exchange (BVB).In the third quarter, FP achieved a profit of 1.296 billion lei, compared to 122.2 million lei in the same period in 2020."The main factor that contributed to the profit recorded in the first nine months of 2021 was the ...

ONRC: 441,227 women, shareholders or associates in Romanian companies at end of September

Wednesday, November 17, 2021

The number of women shareholders or associates in Romanian companies was, at the end of September 2021, 441,227, decreasing compared to August, these having a share of 34.25% in total number of shareholders or associates, according to data with the National Office of the Trade Register (ONRC) .At the end of August, the ONRC data recorded 567,626 women, respectively a share of 36.98% in the total number of shareholders or associates.According to the centralised ...

One United Properties posts a turnover of RON 627.7M and a gross profit of RON 239.3 M in the first nine months of 2021

Wednesday, November 17, 2021

One United Properties green developer of residential, mixed-use and office real estate in Romania, posts a record turnover of 627.7 million lei in the first nine months of 2021, an 87% increase compared to the same period of 2020. After closing Q3 2021, the best quarter in the company’s history, the gross profit for nine months surged to 239.3 million lei, a 186% year-on-year ...

Dental Imaging network owned by Black Sea Fund buys Dental Clinics in Bucharest

Wednesday, November 17, 2021

Dental and maxillofacial imaging network DigiRay which is majority-owned by Black Sea Fund, has bought Dental Scan clinics thus expanding in Bucharest with two more units. The company has currently 14 clinics and by the end of the year, it could reach 21-26 units both through its openings and through acquisitions. DigiRay is a dental and maxillofacial imaging clinics network founded in 2011 by the doctor Cristian Pop in Zalau. At the end ...

La Lorraine Romania is in the process of expanding the factory in Campia Turzii

Wednesday, November 17, 2021

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  La Lorraine Romania, one of the largest bakery and pastry factory in the country, celebrated 10 years of activity at a time marked by new expansion plans with regards to both the production capacity and the team. The event took place on Thursday, November 11, in Campia Turzii, with the participation of the Belgian Embassy delegation in Romania, led by His Excellency Philippe Benoit, ...

ALRO Group reports higher sales in 1-3Q 2021

Wednesday, November 17, 2021

ALRO S.A, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces today its consolidated financial results for the nine months ended 30 September 2021. The Group’s turnover increased by 27% (1-3Q 2021: RON 2.5 billion vs. Q1-Q3 2020: RON 2 billion), as management took advantage of the opportunities created by the global economic context. ALRO Group net result for the period was a loss of RON 25 million (1-3Q 2020: a net ...

MedLife confirms ongoing takeover of major oncology hospital in Brasov

Wednesday, November 17, 2021

MedLife Medical System, the leader of Romania's private medical services market, announced it completed the acquisition of 100% of OncoCard Hospital Brasov, one of the most important diagnostic and oncological treatment centers in Romania.   The oncology hospital in Brasov was established on the company Onco Card Invest in 2012, following an investment of EUR 24 mln made by five local entrepreneurs: T&K Management, ...

LIBERTY Steel Group plans to hire almost 650 new employees this year

Wednesday, November 17, 2021

LIBERTY Steel Group, which owns the largest integrated steel producer in Romania, is targeting the hiring of almost 650 new employees at LIBERTY Galati in 2021, with at least 100 more roles to be filled by the end of the year. The expansion highlights LIBERTY Galati’s ongoing transformation strategy, with 100 new roles having been created by the plant’s increased production and its digitalisation and automation projects.   LIBERTY Steel ...

Antibiotice business turnover advances 21pct in first nine months of 2021

Wednesday, November 17, 2021

Antibiotice Iasi has reported a net business turnover for the first nine months of 2021 of 247.83 million lei, up 21% y-o-y, according to data submitted on Wednesday to the Bucharest Stock Exchange (BVB).The company says it is a world leader in the production of the active substance nystatin covering 55% of the international market.The value of its gross profit at the end of September was 18.68 million lei, at the same level as in the same period of ...

Skanska and Holcim Romania Group announce their collaboration

Wednesday, November 17, 2021

Skanska, one of the biggest developers of sustainable office buildings and the Holcim Romania Group, one of the largest producers of building materials announce their strategic collaboration that aims to accelerate the transition to a greener built environment.   The partnership is based on the mutual engagement of both companies to accelerate the transition to a greener built environment, by implementing the sustainable ...

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