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 Zentiva's turnover rises 6.5 pct in Q1

Wednesday, May 19, 2021


Pharmaceutical company Zentiva recorded a turnover of 163 million lei in the first quarter, by 6.5 percent higher YoY, shows the company's quarterly report sent on Monday to the Bucharest Stock Exchange.The Q1 operating profit was 31.2 million lei, down 21.4 percent from the similar period of 2020, and the net profit declined 30.7 percent to 23.63 million lei.The company's assets totaled one billion lei as of March 31, 2021 and its debts stood at ...

IAR Brasov posts 14.12 million RON net profit in Q1

Wednesday, May 19, 2021

IAR Brasov has reported a net profit worth 14.12 million RON for the first quarter of this year, an increase of 11 pct over the same period of last year, when it reported a net result of 12.72 million RON, according to a report sent on Monday to the Bucharest Stock Exchange (BVB).The company had a net turnover of 96.57 million RON in the first quarter, a drop of 2.75 pct over the similar period of last year. This was obtained following the activity of fabricating ...

Romanian alarm system market rises by up to 30% this year 

Wednesday, May 19, 2021

 The sales of alarm systems have gone up by 40% during last year, in comparison with the data from 2019, although currently a little over a quarter (27%) of Romanians have installed such a protection system at home, according to an analysis made by a company specialized in security systems.In this context, for the ongoing year, Atu Tech representatives estimate a rise in alarm systems to up to 30% and aim for integrated solutions within a single system: ...

Saint-Gobain buys Romanian company Duraziv from local entrepreneur

Wednesday, May 19, 2021

French group Saint-Gobain has signed an agreement to take over Romanian group Duraziv developed by local entrepreneur Daniel Guzu. The two parts haven’t disclosed the transaction’s value.   Duraziv is a Romanian producer of construction materials (adhesives, mortars, paints, and metal profiles). The group has been on the market for 18 years. In 2020, Duraziv had a turnover of over EUR 30 mln with about 200 ...

Coherent Solutions opens a research and development center in Romania

Wednesday, May 19, 2021

Coherent Solutions, an American software product engineering and consulting company with business of over 76 million dollars, enters the Romanian market and opens its first office in Bucharest. The company aims to recruit 30 IT specialists by the end of the year.   Igor Epshteyn, President and Chief Executive Officer, said: “The Romanian R&D Center comes after we opened two more in Lithuania and Ukraine ...

Alumil Rom Industry achieves approx. 115,000 Euro profit during Q1

Wednesday, May 19, 2021

Alumil Rom Industry obtained, during the first three months of this year, a net profit of 563,152 RON (approximately 115,000 Euro), 9.6 times higher than the one in the similar period of last year, according to the data sent on Friday by the Bucharest Stock Exchange (BVB).The sales income of the company have gone up during the mentioned period, to 17.671 million RON, rising by 20.8%.The operational profit was situated during the first three months of ...

Donalam is hiring staff to meet the demand for hot rolled steel bars  

Wednesday, May 19, 2021

After the pandemic context of the last year, the steel sector shows signs of revitalization, supported by the industrial production relaunch and the start of infrastructure projects. The World Steel Association (WSA) expects global demand for steel to increase by 5.8% this year, up to 1,874 billion tonnes. The international market trend is also reflected at the local level, within Donalam steel plant in ...

Continued EBITDA Growth for Telekom Romania in Q1 2021

Wednesday, May 19, 2021


Adj. EBITDA (AL) up 2.1% as continued disciplined cost initiatives mitigate pandemic and seasonality effects on revenues Continued improvement on Free Cash Flow with persistent positive levels Sustained subscriber growth in key mobile business segments   Telekom Romania group ...

Cargus invests 500,000 Euro in modern warehouse, in Buzau

Wednesday, May 12, 2021


The courier company Cargus has opened a standardized and modern warehouse in southeastern Buzau, following an investment of 500,000 Euro, according to a press release sent on Tuesday."We want to extend in an efficient and agile way, and the warehouse in Buzau is another step towards that direction. Its main advantage is the fact that it does not offer a bigger storage space, but modern logistics instruments through which couriers can quickly load and unload vehicles. As ...

Quintessentially comes to Romania

Wednesday, May 12, 2021

Luxury lifestyle group Quintessentially is opening an office in Bucharest, Romania. The operations will be run by Orlando Docan, co-founder and CEO Romania and Moldova. With over 20 years spent catering to the world’s most discerning clientele and premium brands, Quintessentially is excited to bring their connected service to Bucharest and beyond, reads a press release.   “We are delighted to introduce Quintessentially to Romania. We ...

Vodafone Romania has a new CEO

Wednesday, May 12, 2021

Achilleas Kanaris, CEO Vodafone Albania, has been appointed Vodafone Romania’s CEO, effective July 1st, 2021, and will report to Serpil Timuray, CEO Europe Cluster. He will replace Murielle Lorilloux, who ends her four-year mandate in Romania and will take on the position of Vodafone Business Unit Director for the Europe Cluster, Turkey and Egypt.   Achilleas Kanaris joined Vodafone in 2009, undertaking a number of commercial roles in Greece ...

DS Smith invests 11 million euros in Zarnesti factory until 2023

Wednesday, May 12, 2021

DS Smith, the manufacturer of cardboard package announced on Wednesday that it invests 11 million euros until 2023 in Zarnesti factory, to replace the sewer system, to purchase the commission a new technological water cleansing system and an incinerator.    The paper package factory will focus on efficient operations, environment protection and sustainable local development.   Over 2021-2023, DS Smith Zarnesti ...

Prodlacta Brasov estimates 34% higher incomes this year

Wednesday, May 12, 2021

  Prodlacta dairy factory in Brasov estimates overall incomes of 132.59 million lei this year and a profit of 2.79 million lei, according to indicators approved by shareholders last week.   In 2020, Prodlacta recorded a profit of 1.6 million lei and total incomes of 99.12 million lei. Exports had a value of 24.84 million lei.   In 2020, the company made investments of 3.8 million lei. On December 31, 2020 ...

Bitdefender welcomes Matthew Selheimer as marketing SVP at its Business Solutions division

Wednesday, May 12, 2021

Romanian provider of IT security solutions Bitdefender announced the appointment of American Matthew Selheimer as SVP of the company's Business Solutions division.According to a company release, in his new position, Selheimer will be in charge of increasing the visibility of Bitdefender business products amid growing demand for prevention, detection and incident response solutions.I am excited to join the Bitdefender team at an important time in the company's ...

Bunnyshell receives 1.1 million euro investment

Wednesday, May 12, 2021


 The Romanian start-up Bunnyshell, which is building technology for cloud infrastructure, received a new investment, worth 1.1 million euro, from the investment fund Early Game Ventures (EGV), according to a press release of the company, sent on Thursday.The transaction is the second investment of the EGV in Bunnyshell, and the legal assistance was ensured by the DLA Piper team, including the set of documents necessary for the entire process. Bunnyshell was represented ...

Medicover reports 42% higher Q1 revenues în Q1/2021

Wednesday, May 12, 2021

Swedish group Medicover, operating in Romania through the Medicover medical division and the Synevo laboratory division, reported cumulative revenues of EUR 43.1 mln on the Romanian market in the first quarter of the year, up 42% compared to the same period of the year last.   "Our revenues rose in the first quarter, providing a strong foundation for meeting our strategic priorities. Although the uncertainty remains high in 2021, we will continue to ...

MedLife gets EUR 143 mln syndicated loan to continue its expansion

Wednesday, May 12, 2021

MedLife Medical System (M), the leader of the private medical services market in Romania, has contracted a syndicated loan of approximately EUR 143 million, increasing the existing facilities by EUR 40 million. The ...

Romanian Post modernizes, allocates 11 mln lei to buy IT equipment

Wednesday, May 12, 2021

 Romanian Post is modernizing and allocating approximately 11 million lei for the purchase of workstations, respectively central units, monitors, keyboards and operating systems.According to an announcement posted on relevant procurement platform, the Romanian Post intends to organize an open tender for the acquisition of a number of 3,500 workstations, the total estimated value being 10.973 million lei. The tender will be electronic. The award criterion is the best ...

Number of deregistered companies, up 16.5% in Q1

Wednesday, May 5, 2021

 The number of deregistered companies nationwide increased by 16.52% in the first three months of 2021, compared to the same period of last year, to 16,069 deregistrations, according to statistics from the National Trade Registry Office (ONRC).Most deregistrations were registered in Bucharest - 2,518 (plus 34.44% compared to January-March 2020) and in the counties of Timis - 723 (plus 32.18%), Constanta - 706 (plus 14.8%) and Cluj - 695 (plus ...

ONRC: 1,236 companies with foreign participation in share capital, registered in Q1 2021

Wednesday, May 5, 2021


The number of newly established companies with foreign capital in Romania increased in the first three months of 2021 by 2.9% compared to the same period in 2020, to 1,236 units, according to data centralized by the National Trade Register Office (ONRC).The 1,236 new companies had a total invested share capital of 12.316 million dollars, 6.1 times higher than that of companies registered in January-March 2020, of 2.015 million dollars.Depending on the ...

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