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ONRC: 787 companies and self-employed persons go insolvent over Jan - Feb 2021

Wednesday, March 31, 2021

The number of companies and self-employed persons (PFAs) going insolvent decreased by 8.06 percent in the first two months of 2021 compared with the year-ago period, to 787, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were reported in Bucharest City, at 167, up 38.02 percent from January - February 2020. Next in the insolvency ranking are the counties of Cluj - 78 insolvencies (+62.5 percent), ...

eMAG plans RON 3.2 Bln investments in the next three years

Wednesday, March 31, 2021

Tudor Manea takes over as CEO of eMAG from Iulian Stanciu who becomes Executive Chairman. Iulian Stanciu will continue to remain involved in shaping the development strategy of the company as well as in analysing and approving the investments and budgets next to the new CEO.   “I am honoured to lead eMAG in this new stage in which we will use the experience and ...

Globalworth recorded a net operating income of 157.3 million euros last year

Wednesday, March 31, 2021

Globalworth, the leading office investor in Central and Eastern Europe, is pleased to release its Annual Report and Audited Consolidated Financial Results for the year ended 31 December 2020. The company’s clear strategic approach to the COVID-19 business recovery process has resulted in balanced growth, with a net operating income increased by 6.5% to €157.3 million and a total combined portfolio value which remained effectively unchanged at €3.0 ...

Huawei Romania announces 200 available positions in 2021

Wednesday, March 31, 2021

Huawei Romania provides over 200 jobs in 2021 for various IT&C positions in its headquarters and service centers in Romania, of which approximately 20% will be allocated to the new generation of graduates in the field.   So far, Huawei Romania has managed to create an ecosystem of specialists, supporting engineers and technicians in a continuous process of professional development and providing competitive jobs. Huawei Romania considers the ...

Avison Young, present in Romania since 2017, expands service delivery across CEE

Wednesday, March 31, 2021

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Mark Rose, Chair and CEO of Avison Young, announced two new strategic affiliations that expand the firm’s service delivery to clients further across Central and Eastern Europe (CEE)  with the addition of a newly established venture in the Czech Republic and Slavtchev Consulting in Bulgaria. Both will operate under the Avison Young brand and deliver integrated services to local and multinational clients.   “We are focused on expanding ...

Antibiotice Iasi doubles down on investments in 2020

Wednesday, March 31, 2021

 Romanian drug manufacturer Antibiotice Iasi last year doubled its investments in the research of new products, quality assurance equipment, the modernization of manufacturing technologies and digital activities, the company said in a release on Wednesday.Thus, whereas in 2019 investments in equipment amounted to about 7 million lei, in 2020 Antibiotice doubled the figure to over 14 million lei."Doubling turnover in the next period is a priority target, and ...

Competition Council :Telekom Romania investigated for possible abuse of dominant position

Wednesday, March 24, 2021

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Romania's Competition Council is currently investigating whether Telekom Romania Communications - the fixed-line telecom operator that Deutsche Telekom is in the process of selling to Orange - has abused its dominant position. Particularly, the competition body investigates the sharp rise in the fees charged by Telekom Romania Communications in 2019 for issuing construction approvals in areas where its networks might have been ...

The online retailer Vivre to issue EUR 7 mln bonds

Wednesday, March 24, 2021

Romania-based Vivre Deco, one of the largest online home & decor retailers in Central and Eastern Europe (CEE), is preparing to issue a new series of bonds on the Bucharest Stock Exchange (BVB).   It plans to raise up to EUR 7 million, twice the amount it got from a similar private placement a year ago.   The company is the first ...

Report: Family businesses are well-positioned to lead the revival of the global economy, with focus on Purpose, Community, and Patience

Wednesday, March 24, 2021

A new report from the STEP Project Global Consortium and KPMG Private Enterprise has demonstrated how the unique structure of family businesses has empowered them to respond to the impact of COVID-19. The study found that the involvement of the family and their long-term mindset has enabled them to demonstrate resilience in the pandemic, placing them in a key role to lead the economic recovery.   The ...

Avison Young Romania appoints Andrei Voica as the head of Workplace Advisory and Project Management

Wednesday, March 24, 2021

Canadian commercial real-estate advisor Avison Young, present in Romania since 2017, continues its consistent growth and strengthens its Romanian management team with the recruitment of Andrei Voica, who will lead the ...

15 Decathlon shopping corners will be open in Auchan hypermarkets until the end of the year

Wednesday, March 24, 2021

Auchan and Decathlon launched a partnership through which a range of sports equipment and products from Decathlon will be integrated in the offer of Auchan hypermarkets, in specially dedicated areas in the sports products department. The collaboration begins this month with a pilot stage in the Auchan Drumul Taberei hypermarket, where customers can already find over 60 sporting goods such as fitness equipment, basketballs and footballs, bicycle accessories, aerobics ...

Innoship partners up with euShipments, helping eCommerce companies rapidly expand into international markets

Wednesday, March 24, 2021

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Innoship expands its network of partners by signing with euShipments, the leader in fulfillment services in Bulgaria. This partnership will help online retailers achieve their objectives of expanding into international markets, thus facilitating trade in European countries and increasing access to specialized courier services, multiple delivery options all over Europe, and fulfillment services.   Innoship optimizes ...

Life Care turnover goes up 35% in 2020, profit by 65%

Wednesday, March 24, 2021

The Life Care company has registered in 2020 a profit of almost 1 million Euro, with 65% more than the previous year and a turnover of over 10 million Euro, rising by 25%, according to a press release."First, we took care of the supply chain and immediately decided to increase our stocks. We all adapted in a very short time, so that the team functioned without reproach, many from home. The essential word was online, which is already an integrated part of our ...

RTPR advises Oresa on the acquisition of logistics and industrial park Solo Iasi from Tester Group  

Wednesday, March 24, 2021

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RTPR has advised Swedish private equity fund Oresa in relation to the acquisition of logistics and industrial park Solo Iasi from Tester Group owned by Romanian businessman Bogdan Pitigoi. In addition to the acquisition process, the law firm also assisted the buyer in connection with the financing of the transaction.   “We appreciate the effort, professionalism and constructive attitude of the RTPR ...

Mobinology Asia announces strategic partnership with Romanian DRUID AI Technology

Wednesday, March 24, 2021

  A new strategic partnership just sprung in the Asian technology market – Mobinology teams up with Romanian DRUID to enable AI-driven conversational capabilities in large digital transformation projects across the APAC region. Mobinology Asia, headquartered in Hong Kong, is a major business software solution provider, specialized in delivering innovative solutions for data-driven marketing and customer engagement, while DRUID is a leader in conversational ...

More than 9,800 companies with French capital, on Romanian market, end-January

Wednesday, March 17, 2021

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  The number of companies with French capital in Romania has increased, with 9,847 French companies registered at the end of January this year, with a total subscribed share capital of 2.38 billion euros, said the president of the Chamber of Commerce and Industry of Romania (CCIR), Mihai Daraban, who met on Monday with the French ambassador in Bucharest, Laurence Auer.The meeting was organized at the request of the Embassy of the French Republic and ...

Romanian postal and courier service market reaches 5.3 billion RON, in 2019 

Wednesday, March 17, 2021

The turnover of the postal and courier services in Romania has gone up, in 2019, by 112% from the level reached in the previous year, to the value of 5.3 billion RON, according to an analysis made by KeysFin consultants.The analysts' estimates show that the growth rate of this market segment could double, and the companies' turnover which offer postal and courier services would pass the 6.6 billion RON threshold, in 2020, as a result of the online increase demand, generated by ...

1,063 companies suspend activity during first month of this year

Wednesday, March 17, 2021

The number of companies that suspended their activity during the first month of this year has dropped by almost 11%, from the same period of 2020, reaching 1,063, according to the data published by the National Trade Register Office (ONRC).For activity domains, the most that suspended their activity was registered in the retail and wholesale segments, repair of motor vehicles and motorcycles, namely 326 (-21.26%), other service activities - 120 suspended (-6.19%) and in ...

Rehau to invest EUR 10 M in Sibiu

Wednesday, March 17, 2021

REHAU Romania, the German supplier of solutions for windows, installations and furniture, has announced his plans to expand its activity on the local market and to make an investment of around EUR 10 million in Sibiu county.   Rehau wants to expand in Romania and in Eastern Europe, deciding to build a regional hub to serve the market and clients more easily.“Our target and to meet our clients’ demands, to develop the ...

Car parts producer Sandhar to open plant in Romania

Wednesday, March 17, 2021

Indian car parts manufacturer Sandhar Technologies will open a factory in Romania, where it will produce die-cast aluminum components for car wipers and seat belt retractor ...

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