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Firese: We estimate a 30% annual growth for the fire and rescue market
Wednesday, September 18, 2024
The Romanian market for fire prevention and extinguishing services and equipment (PSI), estimated at over 500 million euros annually, is experiencing significant annual growth due to legislative changes and shifts in business practices. However, it remains one of the most polarized service markets locally. Market consolidation and service modernization are inevitable, according to Gica Tomescu, CEO of Fire & Rescue Services SRL (FIRESE), one of the most important companies in the ...
AI Company puts Romania on world map of medical breakthroughs
Wednesday, September 18, 2024
For many of us, the concept of Artificial Intelligence comes with the idea of insecurity, lost jobs or robots that will harm us. There is much talk, perhaps too much, about the negative effects of Artificial Intelligence and less about how the new technology can fundamentally help us live better lives. Calin Popescu, a Romanian with a vision quite literally out of the ordinary, not only doesn’t daydream of sci-fi movie scenarios, but has managed to set up a company ...
State aid of a maximum of 644.55 mln RON for Renault Group companies
Wednesday, September 11, 2024
The Ministry of Finance has financed seven investment projects for the three companies of the Renault Group, with a total value of over 2.242 billion RON, which generate 1,478 new jobs, and the state aid granted is worth a maximum of 644.55 million RON, informs the institution through a press release.According to the cited source, the projects generate direct contributions to regional development through the payment of fees and taxes of over 1.247 billion RON. Currently, ...
Trendyol Plans To Open Office In Bucharest, Warehouse In Romania
Wednesday, September 11, 2024
Trendyol e-commerce platform has announced today plans to open an office in Bucharest, as well as a warehouse in Romania, for which it will employ around 250 people, when it becomes operational, in 2025. Also, the company with The Istanbul-based company plans to integrate local sellers into its booming marketplace by the end of this ...
Competition Council Approves Affidea’s Acquisition Of MedEuropa And MedEuropa Investitii
Wednesday, September 11, 2024
The Competition Council authorized the transaction by which the company Affidea Development SRL intends to take over MedEuropa SRL and MedEuropa Investitii SRL. Affidea Development SRL is part of the Affidea group. In Romania, the group companies offer medical assistance in 46 medical clinics, located in 29 cities. The services they offer range from imaging services, specialist medical consultations and laboratory tests to oncology ...
After entering the U.S. market, Norofert expands its operations in Brazil
Wednesday, September 11, 2024
Norofert, the leading producer of organic agricultural inputs and biotechnology provider for agriculture in Romania, listed on the Bucharest Stock Exchange on the AeRO market , is expanding its international presence by entering the Brazilian market. The establishment of the new entity, Norofert Brasil LTDA, represents an important step in the company’s strategy to bring its advanced technology to one of the world’s largest agricultural markets. Norofert ...
Deloitte study: seven out of ten organizations embrace marketing technologies, including Gen AI
Wednesday, September 11, 2024
Organizations embrace marketing technologies (martech), as seven out of ten (75%) marketers say that they are using them, according to the latest edition of Chief Marketing Officer (CMO) Survey, conducted by Duke University with the support of Deloitte. Nevertheless, companies need to ...
MET Group recognized as Top Employer in Switzerland
Wednesday, September 11, 2024
MET Group is proud to announce that the company’s Swiss subsidiaries have been honoured as a Top Employer in Switzerland for 2024. This is an important milestone which underlines MET’s belief that employees are core to its success. MET Group is the only Swiss-based energy company having received this prestigious certification. The Top Employers Institute is an internationally recognized institution which surveys and independently audits companies’ ...
Tesla Opens Largest Showroom in Eastern Europe in Romania
Wednesday, September 11, 2024
Tesla has opened its largest showroom in Eastern Europe, located in Romania, marking a significant milestone in the automaker’s expansion across the region, ...
Sixty percent of companies in Romania allocating important resources for employee's well-being
Wednesday, September 11, 2024
Most companies in Romania (60%) are allocating resources for the physical and emotional well-being of their teams under well-being programmes, which include team building events, counselling and psychological assistance, as well as sessions for managing emotions and relationships, according to a survey released on Thursday.According to data with Exec-Edu, a company specialising in training, 41% of the organisations kept the same budget for the last two years, while 38% ...
VGP’s half year results 2024
Wednesday, September 11, 2024
VGP NV, a leading European provider of high-quality logistics and semi-industrial real estate, has reported a notable performance for the first half of 2024, ending on June 30. The company saw a pre-tax profit surge of 218% compared to the first half of 2023, reaching €154.6 million. This increase was fueled by €33 million in net rental and renewable energy income, joint venture management fee income of €15.7 million, and significant net valuation gains ...
Realworld Systems Expands Into U.S. Market With FCSI Acquisition
Wednesday, September 11, 2024
Realworld Systems, one of the players in the local market of automation and software integration solutions in the GIS (Geographic Information System) area, announces the acquisition of a majority stake of 75% in the American company Field Consulting and Services, Inc. (FCSI), a recognized provider of customized solutions for the Smallworld platform, serving telecommunications and electricity operators in the United States of America. This ...
Competition Council Reviews Baxi S.P.A.’S Acquisition Of G.I. Industrial
Wednesday, September 4, 2024
The Competition Council is analyzing the transaction by which Baxi S.p.A intends to take over G.I. Industrial Holding S.P.A. and its subsidiaries G.I. Middle Eastfze – DMCC, G.I. Industrial Asia Holding, SDN. BHD AND Gimek ZRT. Baxi S.p.A., Italy, has as its main activity the production and sale of heating and cooling systems intended mainly for domestic use, but also for commercial use. In Romania, Baxi markets ...
STRABAG selected as general contractor for The ARC, Bucharest’s new landmark office building
Wednesday, September 4, 2024
STRABAG Romania is proud to announce that it has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new state-of-the-art office building, “The ARC”. This new landmark development will bring a modern ten-story Class A office building to the 6th District of Bucharest, setting new standards for office spaces in the area. The ARC will offer 30,000 square meters of premium office space, ...
Alchemy acquires Romania's Bware Labs
Wednesday, September 4, 2024
US-based web3 infrastructure firm Alchemy said that it has acquired Romanian peer Bware Labs. The acquisition, whose value was not disclosed, marks Alchemy's expansion into the European blockchain market, allowing it to work closer with more projects and developers and to access a broader web3 talent pool, the US-based company said in a press release on Thursday. Web3 is the purported next iteration of the World Wide Web, whose main ...
Telekom Romania Mobile Communications Announces Changes In The Management Team
Wednesday, September 4, 2024
Starting from September 2, 2024, Florin Petolea, Chief Technology & Information Officer (CTIO) ends his collaboration with Telekom Romania Mobile Communications S.A., and will devote himself to projects of interest outside the company. Florin Petolea joined the company in January 2023 and contributed to the development and transformation of the Technology and Information Executive Department, prioritizing the quality of services offered ...
MedLife H1 net profit more than trebles
Wednesday, September 4, 2024
Romanian private healthcare services provider MedLife Group said on Friday that it booked a consolidated net profit of 17.4 million lei ($3.9 million/3.5 million euro) in the first six months of 2024, up from a profit of 5 million lei in the prior-year period.MedLife's consolidated operating income rose to 1.314 billion lei in the first half of the year, from 1.075 billion lei a year earlier, whereas its operating profit jumped to 78.4 million lei from 49.9 million lei, it said in an ...
Zentiva's profit up by almost 98% in H1 2024
Wednesday, September 4, 2024
Zentiva drug manufacturer registered a net profit of 143.025 million RON in the first half of this year, 97.7% higher than the one obtained in the same period of 2023, according to the data sent to the Bucharest Stock Exchange on Friday.(1 euro = 4.9769 RON)The company's turnover increased by 22.3%, from 450.6 million RON in the first six months of 2023 to 551.3 million RON in the first half of 2024, mainly due to the increase in sales of goods by ...
IAR Brasov registers rd 2.88 million euros in net profit, in H1
Wednesday, September 4, 2024
In the first half of 2024, IAR Brasov registered a net profit of 14.347 million RON (rd 2.88 million euros), down by almost 60% compared to the profit it had obtained in the same period last year, of 35.637 million RON, according to the report sent to the Bucharest Stock Exchange (BVB) on Friday.The profit before tax was 20.202 million RON (45.388 million RON in H1 2023), and the turnover was 224.355 million RON (286.408 million RON in H1 2023). Revenues ...
Courier Services in the Digital Age: Cargus Mobile App Exceeds 1.5 Million Downloads
Wednesday, September 4, 2024
Launched in 2021, the Cargus Mobile App consolidates the company's digital transformation direction by offering users a complete experience and advanced functionalities for parcel management. Cargus Mobile allows users to send parcels, track their route, direct delivery to the nearest Cargus SHIP & GO point, or return purchased parcels easily and quickly. Cargus announces that the Cargus ...