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ROCA Industry continues the consolidation strategy for ECO EURO DOORS
Wednesday, July 26, 2023
ROCA Industry announces its intention to acquire, through one of the companies in the holding, ECO EURO DOORS, Workshop Doors – one of the key players in the Romanian interior door market. Currently under advanced negotiations, the holding announces the intention to purchase a stake at Workshop Doors, a company based in Petelea, operating two modern production facilities. The transaction is not signed at this time and ...
Agroland Business System inaugurates the Feed Factory in Isalnita
Wednesday, July 26, 2023
Agroland Business System (BVB: AG), a Romanian entrepreneurial group in retail, agriculture, and food, which owns the largest network of agricultural stores in Romania, announces the inauguration of the Feed Factory in Isalnita, Dolj county, an investment with a total value of 20 million lei. “The Isalnita Feed Factory is one of our most important investments in recent years, playing a key role in our integrated business model. Thus, the cereals used are sourced ...
Holcim and CON-A contributed to the construction of the new factory of the ifm Sibiu group
Wednesday, July 26, 2023
Holcim and CON-A contributed to the construction of the new production unit of the ifm group in Sibiu, the first sustainable production unit certified by the German Council for Sustainable Buildings (DGNB) in Romania and the first industrial construction in Sibiu which complies with green building standards. Within the project, Holcim supplied ECOPact green concrete, reducing by 35% the incorporated carbon related to the concrete used, compared to conventional concrete, and CON-A coordinated ...
NextUp Solutions, record growth of 100% in the first half of 2023
Wednesday, July 26, 2023
NextUp Solutions, one of the largest business software solutions companies, recorded a turnover of 7 million lei in the first half of 2023, a record growth of 100% compared to the same period last year. Over 100 new clients have been added to the portfolio of Romanian companies using NextUp’s services, bringing the total number of active clients to approximately 6,000, with over 20,000 users who use the company’s products daily. Most of these clients ...
AROBS prepares for listing on BVB
Thursday, July 20, 2023
AROBS Transilvania Software (BVB: AROBS), a technology company listed on the Bucharest Stock Exchange, announces that it has successfully registered a decrease in its share capital. Therefore, the new share capital of AROBS stands at 87,129,360.9 lei, now divided into 871,293,609 shares. The share capital reduction follows the cancellation of 40,101,379 treasury shares. The company acquired these shares ...
Lensa expands in R. of Moldova
Thursday, July 20, 2023
Optical retailer, Lensa, has expanded its activity in the Republic of Moldova as of today. The first Lensa showroom opened in Chisinau, following an investment of approximately 140,000 euros. The new showroom in Chisinau is the 57th store in the ...
ROCA Industry appoints new COO
Thursday, July 20, 2023
ROCA Industry, a Romanian holding of construction materials companies, part of the ROCA Investments portfolio, announces the recruitment of Stefan Szitas, who joined the management team of the holding as Chief Operating Officer (COO) starting with May of this year. Stefan Szitas has over 16 years of experience in fields such as production and distribution of construction materials at the European level, ...
GTC Romania welcomes Hansgrohe as a new tenant in City Gate South Tower
Thursday, July 20, 2023
GTC Romania, a estate company in Central and Eastern Europe, has announced that Hansgrohe, operating in innovation, design, and quality in the sanitation industry, has chosen the City Gate office building as its new headquarters. The deal was mediated by the real estate brokerage company Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. “We are thrilled to welcome ...
SeedBlink launches call for investing in Dronamics
Thursday, July 20, 2023
SeedBlink, the financing platform for European technology startups, is currently running its second raise for Dronamics, the world’s first licensed cargo drone airline. The campaign targets a Pre-Series A funding of €2 million – exclusively on SeedBlink – and runs from 18 to 31 of July. This round is a year and a ...
EY Analysis: European financial services M&A volume hit a nine-year high in H1 2023
Thursday, July 20, 2023
The European financial services industry announced a nine-year deal high in the first half of 2023, with 382 deals across the region, compared to 337 in the same period in 2022 (a 13% year-on-year rise), according to latest EY financial services M&A analysis. However, the total disclosed deal value for the period fell year-on-year, from £29.2bn in H1 2022 to £20.9bn in H1 2023, due to a decrease in the number of deals over £1bn. For ...
Slanic-Moldova Casino put up for sale at €1,450,000
Thursday, July 20, 2023
Romania Sotheby’s International Realty is putting up for sale a rarity of Romanian cultural heritage. The ...
Over 29,000 companies deregistered in the first five months of 2023
Wednesday, July 12, 2023
A number of 29,030 companies were deregistered nationally in the first five months of 2023, 2.04% less compared to the same period last year, according to the statistics of the National Trade Registry Office (ONRC).The most deregistrations were registered in the city of Bucharest - 4,530 (minus 1.01% compared to January - May 2022) and in the counties of Cluj -1,411 (plus 6.73%), Constanta - 1,327 (plus 1.14%) and Timis - 1,308 (minus 2.68%).At the opposite ...
Carrefour Romania appoints Alina Gamauf to oversee the Expansion & Property Departments
Wednesday, July 12, 2023
Carrefour Romania has announced a strategic appointment to its board. Effective July 1st, Alina Gamauf, current Member of the Executive Board at Carrefour Romania, responsible for Human Resources, Corporate Affairs, and CSR, will now assume leadership of the Expansion and Property departments, further broadening her role within the organization. “This year, we will maintain a momentum of expansion across all formats. Our approach to expansion extends beyond the ...
Competition Council opens investigation among companies that issue vouchers
Wednesday, July 12, 2023
The Competition Council has launched an investigation into a possible violation of the rules in the field by the companies Edenred Romania, Sodexo Pass Romania and Up Romania on the market of issuing and selling vouchers, the authority announced on Thursday. “The Competition authority has indications that the companies Edenred Romania, Sodexo Pass Romania and Up Romania would have coordinated their behavior in certain auctions in which they ...
eMAG eyes double-digit growth in 2023
Wednesday, July 12, 2023
Romania's largest online retailer eMAG is targeting double-digit growth in 2023, building on the positive momentum of the past few months and sees itself in a unique position to drive e-commerce market growth in Central and Eastern Europe (CEE), CEO Tudor Manea told SeeNews. “The large investments of previous years created the foundation for a steady business outlook in the mid and long term. As a regional ecosystem of technology and ...
Romania's M&A market reports 132 transactions in H1 2023
Wednesday, July 12, 2023
The Romanian mergers and acquisitions (M&A) market reported 132 transactions in the first half of 2023, of a total estimated value of USD 3.7 billion, according to an analysis by EY Romania.The volume of transactions is a slight increase over the 131 transactions in H1 2022, but down 11% in terms of total value (USD 4.2 billion). In addition, M&A activity levels this semester show a recovery from the slower pace of H2 2022, with the number of ...
Number of companies which suspended business up 14.5%, in first five months of 2023
Wednesday, July 12, 2023
The number of companies which suspended their business in the first five months of 2023 was 6,899, up 14.56% compared to the same period of 2022, according to data published by the National Trade Register Office (ONRC).Most companies which suspended their business in the mentioned interval were from Bucharest, namely 866 (up 40.13% compared to January-May 2022), followed by Cluj, with 475 suspended companies (up 69.64%), Brasov - 311 (up 30.13%), Iasi - 273 (-3.19%) ...
BASF is the first company to establish a co-located battery materials and recycling center and close the loop in the European battery value chain
Wednesday, July 12, 2023
Inauguration of first state-of-the-art high-performance cathode active materials production plant in Germany Kick off for world-class battery recycling plant to produce black mass in Europe in the most sustainable way Proprietary production technologies will allow significantly reduced carbon footprint for cathode active ...
16,608 dissolved companies in the first five months of 2023
Wednesday, July 12, 2023
The number of dissolved companies increased by 21.28%, in the first five months of 2023, to 16,608, compared to 13,694 in the same period of 2022, according to data centralized by the National Office of the Trade Register (ONRC).The most dissolutions were registered in Bucharest, respectively 3,524 companies (up by 38.14% compared to the first five months of 2022), and in the counties of Timis(888, +48%), Cluj (827, +25.68%), Constanta (775, +12.97%) and Ilfov (730, ...
Trade Register: 66,071 individuals and legal entities registrations 5 months into 2023
Wednesday, July 5, 2023
The number of registrations of individuals and legal entities increased in the first five months of 2023 by 5.25% compared to the same period last year, to 66,071, of which 42,067 limited liability companies (SRL), according to data centralised by the National Office of the Trade Register (ONRC).Most registrations were recorded in the municipality of Bucharest, namely 13,140 (plus 13.05%, compared to January-May 2022), and in the counties of Cluj - 3,608 ...