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Over 6,000 companies suspend their activity in Q1 2024
Wednesday, May 15, 2024
The number of companies that suspended their activity in the first three months of 2024 was 6,014, an increase of over 33% compared to the same period of last year, according to data published by the National Trade Registry Office (ONRC).The most companies that suspended their activity were from Bucharest, respectively 772 (a number increasing by 26.44% compared to January-March 2023).By field of activity, the largest number of suspensions was recorded in ...
TeraPlast Group's Q1 turnover grows 20 pct YoY
Wednesday, May 15, 2024
TeraPlast Group posted a Q1 turnover of almost RON 177 million, up 20 percent year-over-year and 19 percent over the budget, the company said in a release on Wednesday.Also, TeraPlast Group succeeded in reducing its loss to RON 2.5 million.Compared to the budget, the loss recorded in the first three months of this year is significantly lower than expected, due to the favorable evolution of the Installations and Granules segments, but also to the lower than ...
Over 1,800 companies and self-employed persons, go bankrupt in Q1 2024
Wednesday, May 8, 2024
The number of commercial companies and self-employed persons (PFA) who got bankrupt in the first quarter of 2024 was 1,803, an increase of 9.67% compared to the similar period in 2023, when 1,644 insolvencies were registered, according to data published on the website of the National Trade Registry Office (ONRC).In March alone, 683 insolvencies were recorded.The most companies and PFAs who went bankrupt were registered in Bucharest, respectively 332, a decrease ...
Takeover of Automecanica Medias SRL, its branch too by Rheinmetall Landsysteme GmbH, agreed to by Competition Council
Wednesday, May 8, 2024
The operation by which Rheinmetall Landsysteme GmbH intends to take over Automecanica Medias SRL and its subsidiary, Atelierele Speciale Autocamion Medias SRL, has been authorized by the Competition Council, as it informs in a press release sent on Tuesday.This transaction "does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and there are no serious doubts regarding its compatibility with a normal ...
Number of dissolved companies, increasing by almost 15% in Q1
Wednesday, May 8, 2024
The number of dissolved companies increased by almost 15% in the first quarter of this year, up to 12,279, compared to 10,709 in the same period last year, according to data centralized by the National Trade Register Office (ONRC).The most dissolutions were registered in Bucharest, respectively 2,540 companies (number increasing by 12.69% compared to January - March 2023) and in the counties of Ilfov (705, plus 61.33%), Constanta (620, plus 23 .02%), Cluj (606, plus ...
ONRC: About 25.300 companies delisted in quarter I, 2024
Wednesday, May 8, 2024
25,292 companies were delisted at national level in the first three months of 2024, 40.53% more compared to the same period of 2023, according to statistics of the National Trade Registrar (ONRC). Most delistings were recorded in Bucharest – 3,826 (on the rise by 39.23% against January-March 2023) and in the counties of Cluj (1,291 + 53.14%), Dambovita (1,189 + 148.74%), Timis (998 +18.25%) and Constanta (949+ ...
ONRC: 37,686 natural and juridical persons registered in quarter 1, 2024
Wednesday, May 8, 2024
The number of natural and juridical person registrations dropped in the first three months of 2024 wth 6.78%, compared to the same period of 2023, totalling 37,686 units, 73.48% of which , that is 27,695, are companies with limited responsibility (SRL), according to data centralized by the National Trade Registrar (ONRC). Most registrations were recorded in Bucharest,- 8.702 (plus 5.89%, compared to January-March 2023) and in the counties of Ilfov ...
Ahold Delhaize, owner of Mega Image store chain, to open technological hub in Bucharest
Wednesday, May 8, 2024
Ahold Delhaize, which owns the Mega Image chain of stores, will launch a technology hub in Bucharest and aims to attract more than 250 technology specialists to develop innovations in the customer experience and services for the European brands that are part of the group.AD/01 will play an essential role in strengthening the Ahold Delhaize group as part of the digital, data and technology ecosystem. The teams in the new technology hub will be involved in a wide range ...
Competition Council authorizes takeover of Stratum Energy Romania by Emma Lambda Ltd
Wednesday, April 24, 2024
The Competition Council authorized the transaction by which Emma Lambda Ltd, Cyprus, intends to take over Stratum Energy Romania LLC, USA, together with Stratum Energy Romania LLC Wilmington, Bucharest branch and its subsidies, according to a press release of the competition authority. According to the institution, Emma Lambda is part of Emma Group, active in the energy sector, gambling, ...
Aktor: 1.3 billion euro projects in Romania
Wednesday, April 24, 2024
Aktor infrastructure building company, a part of the Greek group Intrakat, has projects of 1.3 billion euros Aktor infrastructure building company, a part of the Greek group Intrakat, has projects of 1.3 billion euros in Romania. Company CEO hopes for a doubling of their value in the years to come, so that Aktor Romania may reach the same level as Aktor ...
World Class Romania announces EUR 25 M investments in revamping location countrywide
Wednesday, April 24, 2024
World Class has announced investments of over 25 million euros in the modernization of existing clubs and the opening of new premium clubs and pools nationwide. The network aims to surpass the milestone of 100,000 active members in the next year and grow from 45 to over 65 health &fitness clubs by the end of 2027. “World Class plans to continue to grow the premium health and fitness ...
IMOTECA expands portfolio in Romania, extends operations into Spain
Wednesday, April 24, 2024
Imoteca – The residential experts – announces a significant expansion of its portfolio in Romania and the launch of consultancy and sales operations for the real estate market in Spain. In 2024, Imoteca strengthens its position in the real estate market in Romania with an additional 9 projects, adding to a portfolio of nearly 30 projects over two decades of activity in the Romanian ...
PayPoint and FAN Courier announce the expansion of their partnership
Wednesday, April 24, 2024
PayPoint Romania announces the expansion of its partnership with the local courier market leader, FAN Courier, in the parcel delivery segment through the PayPoint Colet Expres service. Thus, from now on, consumers can also deliver to selected PayPoint partner stores the parcels they want to send or return, through the service offered by FAN Courier. Currently, there are more than 3,000 PayPoint Colet Expres stores available nationwide and the number is ...
MK Merchants enters Romania
Wednesday, April 24, 2024
The international grain trader MK Merchants, headquartered in Geneva, Switzerland, has entered Romania, with a focus on sourcing products from the local market and delivering them to export destinations, says a press release by the group. Iulian Avram has been appointed as the General Manager to lead the branch. He previously worked for Al Dahra, a leading grain trader in the Middle East with an annual ...
Antibiotice Iasi reports 24% increase in 2023 turnover
Wednesday, April 24, 2024
Medicine maker Antibiotice Iasi reported a 24% increase in net turnover on the domestic and international market, from 484 million RON (2022) up to 601 million RON in 2023, and a net profit of 82.2 million RON, higher than the previous year, according to a company's release."From the total turnover related to 2023, the value of sales on the Romanian market was 382.4 million RON, 28% higher compared to the value achieved in the previous year. The ...
Bosch opens second office building in Cluj Engineering Center
Wednesday, April 24, 2024
Bosch inaugurated the second office building built within the Engineering Center in Cluj, following an investment of approximately 21 million euros, over a period of three years. The total investment, started in 2017, in the two buildings of the center in Cluj amounts to over 50 million euros. The new building, whose construction began in March 2021, has a built-up area of approximately 10,000 ...
Temu and Shein under Consumer Protection review in Romania ?
Wednesday, April 24, 2024
The National Authority for Consumer Protection (ANPC) announced on Tuesday that it is checking the Chinese online trading platforms Temu and Shein, and recommends that Romanians inform themselves before buying products from the two sites. The National Consumer Protection wants to check possible “incorrect commercial practices of traders in the relationship with ...
Over 34,000 insolvency procedures for juridical persons over 2019-2024
Wednesday, April 17, 2024
Over 34,000 general insolvency procedures for juricial persons were recorded over 2019-2024 as well as 172 procedures for physical persons, according to data presented on Tuesday by Valentina Burdescu, the CEO of the National Office of Trade Registrar (ONRC), at the debate “Restructuring – prevention measure for insolvency”, organized by Financial Intelligence. “Over 2019 and the first quarter of 2024, we have recorded 34,087 ...
The latest store concepts of the international brands CROPP and HOUSE are inaugurating at Colosseum Mall
Wednesday, April 17, 2024
Colosseum Mall and the Polish group LPP are expanding their partnership by opening two new stores in the shopping center, under the signatures of the international brands CROPP and HOUSE. LPP opened the largest Sinsay store in Romania at Colosseum Mall in the spring of 2022, covering an area of 2000 s qm. Now, it is strengthening its presence with two other significant brands from its portfolio, together occupying nearly 1300 s ...
Dr. Max reports 20% revenue growth
Wednesday, April 17, 2024
In the ranking of market leaders in the European pharmaceutical sector, Dr. Max Group has solidified its position as the second largest pharmacy network on the continent, recording an annual growth of 20%, with revenues of 4.6 billion euros in 2023. The figures underscore the brand’s growing presence and popularity among consumers, through successful expansion into various European markets, including the Czech Republic, Romania, Slovakia, Poland, Serbia, and ...