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Alstom gets 500 mln euro contract for Bucharest metro maintenance services

Wednesday, January 5, 2022

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French multinational rolling stock manufacturer Alstom said on Monday that it was awarded a 500 million euro ($566 million) contract by Bucharest underground system operator Metrorex to provide full maintenance services for the Bucharest metro fleet until 2036.   The services cover preventive and corrective maintenance, as well as overhauls for a total fleet of 82 trains, Alstom said in a press ...

 Almost 572,000 women shareholders or associates in Romanian companies at end of November

Wednesday, January 5, 2022

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The number of women shareholders or associates in companies in Romania was, at the end of November 2021, of 571,596, increasing compared to October, these having a share of 36.87% in total shareholders or associates, show the data of the National Office of the Trade Register (ONRC).At the end of October, the ONRC data recorded 570,527 women, respectively a share of 36.91% in total shareholders or associates.According to centralized data, at the ...

Over 11,600 companies have suspended activity January through November, up by rd 18 pct vs 2020 same period

Wednesday, January 5, 2022

  The number of companies that suspended their activity was 11,604 between January and November period of 2021, up by 17.8 pct compared to the same period of last year, according to data published by the National Trade Register Office (ONRC).Most of the companies that suspended their activity between January and November 2021 were from Bucharest, respectively 1,159 (up by 13.63 pct compared to the same period of 2020), the capital being followed by ...

Over 59,000 companies dissolved during first 11 months of year

Wednesday, January 5, 2022

The number of dissolved companies has gone up nationwide by 28.66% during the first 11 months of this year, when comparing with the similar period of last year, to up to 59,075 companies dissolved, according to the statistics of the National Trade Register Office (ONRC).During the period of January-November 2020 there were 45,915 companies dissolved.By activity areas, the largest number of dissolved companies was registered in the wholesale and retail ...

The number of dissolved companies up by more than 23pct in Jan-Nov

Wednesday, January 5, 2022

The number of dissolved companies increased by 23.17pct in the first 11 months of this year, up to 28,749, compared to 23,341, between January and November 2020, according to data centralized by the National Trade Register Office (ONRC).The most dissolutions were recorded in Bucharest, 5,239 companies (up by 16.45pct), and in the counties of Constanta (1,490, + 31.16pct), Timis (1,359, + 11.85pct) and Cluj ( 1,288, + 11.61pct).At the opposite pole, the ...

Lidl fined RON 272,000 for selling silver jewelry without authorization

Wednesday, January 5, 2022

 The National Authority for Consumer Protection (ANPC) has sanctioned the retailer Lidl with fines totaling RON 272,000 for selling silver jewelry without authorization, informs the consumer protection watchdog.ANPC has been in an extensive control campaign, for several days, at the level of the entire country, aimed at selling silver jewelry sets in Lidl stores.The ANPC commissioners confiscated the goods and sanctioned and fined the ...

ONRC: Almost 140,000 individuals and legal entities registered by end of November

Wednesday, January 5, 2022

The number of registrations of individuals and legal entities increased in the first 11 months of this year by 37.31%, compared to the similar period in 2020, to 139,650, of which 96,421 are limited liability companies, according to the data centralized by the National Office of the Trade Register (ONRC).Most registrations were registered in the Municipality of Bucharest, respectively 22,215 (+ 26.84%, compared to January - November 2020), and in the ...

5,443 companies and authorized individuals turn insolvent in first 11 months of 2021

Wednesday, January 5, 2022

 The number of companies and authorized individuals that turned insolvent has gone up by 5.81% during the first 11 months of this year, when comparing with the same period of 2020, where 5,443 insolvencies were registered, according to the data published by the National Trade Registry Office (ONRC).The most companies and authorized individuals that turned insolvent were registered in Bucharest, namely 996, dropping by 13.47% from the intervals of ...

Almost three quarters of Romanian companies implement hybrid work

Wednesday, January 5, 2022

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 Almost three quarters (72%) of Romanian companies have implemented hybrid work, granting freedom of choice to the employee and team regarding office presence, according to a study made by PwC Romania.Presence still remains low, of under 25%, according to 45% of respondents, but for long term, more than half of these (56%) estimate a significant growth of those who will work from the office, between 50% and 75% of total employees."Employees ...

German VTG buys two Romanian rail freight companies

Wednesday, December 22, 2021

The German company VTG Rail, a subsidiary of VTG, specialized in logistics operations and management of railway assets, enters the Romanian market through the acquisition of E-P Rail and CER Fersped, companies owned by businessman Radu Gheorghiu, according  to Club Feroviar.   Sources close to the transaction say that the operation is in the final negotiation phase. The estimated value of the ...

Martin Stoebe is the new Country Manager of Beiersdorf Romania, Bulgaria and Moldavia

Wednesday, December 22, 2021

Martin Stoebe is the new Country Manager of Beiersdorf Romania, Bulgaria and Moldavia. As of December 1st, Martin Stoebe replaces Fatih Alpaslan, who joins Beiersdorf Poland as Country Manager.   With over 14 years experience in the consumer goods industry, Martin Stoebe has been part of Beiersdorf team since 2015. He was Country Manager in Colombia for four years and Global Manager for Strategic Projects in the company for ...

ROCA Industry raises 50 million lei from investors and intends to float on the stock exchange at the beginning of 2022

Wednesday, December 22, 2021

ROCA Industry (stock symbol ROC1), a construction materials holding, which brings together all the companies in the ROCA Investments portfolio in this sector, announces the successful and early closing of the private placement for its shares, raising 50 million lei from investors.   The holding company’s shares will float on the AeRO market of the Bucharest Stock Exchange at the beginning of next year. The private ...

Haier started production of refrigerators in its new factory in Aricestii Rahtivani

Wednesday, December 22, 2021

Haier announced that the company’s first cooling factory  in the European Union, Haier Tech Romania, started its production. The facility manufactures best-in-class refrigerators, both built-in and freestanding, for the 3 brands of Haier Europe – Candy, Hoover and Haier.   Haier Tech is located in the Allianso Industrial Park at Aricestii Rahtivani, near Ploie?ti and started earlier this ...

Cushman & Wakefield Echinox: The asset portfolio under management increased by 28% this year

Wednesday, December 22, 2021

The Asset Services department of the Cushman & Wakefield Echinox real estate consulting company increased its property portfolio by 28% in 2021, reaching approximately 500,000 square meters of office, logistics and retail spaces, both in Bucharest and the other parts of the country, while a growth of 10-15% is also estimated for 2022.   Mihaela Petruescu, Partner Asset Services Cushman & Wakefield Echinox: ...

La Salina winery issues EUR 2 mln bonds

Wednesday, December 22, 2021

La Salina winery in Turda has launched a bond issue at Bucharest Stock Exchange (BVB), denominated in euros, worth EUR 2 mln, Ziarul ...

Scandia takes over rival Agra's

Wednesday, December 22, 2021

Scandia Food, the leader in the Romanian canned food market, confirms the acquisition of Agra's Alba Iulia, a company specialized in meat processing and meat ...

TEILOR Holding debuts on the Bucharest Stock Exchange with its first bonds worth RON 45mn

Wednesday, December 22, 2021

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TEILOR Holding, a group of companies that includes the chain of luxury jewelry stores TEILOR, Teilor Invest Exchange and financial lending company Invest Intermed GF IFN, made its debut today on the BVB, December 21, with its first bonds.   The capital attracted from investors, of RON ...

Softbinator Technologies debuts on BVB and consolidates the presence of the IT sector on the Romanian capital market

Wednesday, December 22, 2021

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Softbinator Technologies, a Romanian software development company, specialized in the design, development, and launch of innovative products, went public on the AeRO market. The shares are traded under the ticker ...

One United Properties and Transport Trade Services shares are included in the FTSE Russell indices

Wednesday, December 22, 2021

One United Properties (ONE) and Transport Trade Services (TTS) shares are included as of December 20 in the FTSE Russell indices for Emerging Markets, FTSE Global All Cap and FTSE Global Micro Cap, ...

CIEL Romania estimates business figure of 1.6 million euros this year

Wednesday, December 15, 2021

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Business software producer CIEL Romania estimates a business figure of 1.6 million euros this year, on the rise by 15% compared to last year, and a 30% increase of the business figure for next year. The company foresees that next year the number of employees will grow by 20% as a result of new project investments.   The company adapts to trends in industry and on the background of work from home tendency, ...

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