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TeraPlast will pay EUR 46.5 mln special dividends

Wednesday, March 17, 2021

Romanian construction materials producer TeraPlast (TRP) will distribute special dividends worth RON 226.6 mln (EUR 46.5 mln) from its net ...

Over 1,900 companies dissolved in January 2021

Wednesday, March 17, 2021

The number of dissolved companies has dropped by 30.22% in January 2021, in comparison with the first month of the previous year, to 1,905, as opposed to 2,730, according to the centralized data of the National Trade Register Office (ONRC).The activity area which recorded most dissolved companies in January 2021 is retail and wholesale, repair of motor vehicles and motorcycles, where 577 companies were dissolved at a national level. From the previous year, companies ...

MedLife consolidates leading place with new takeover

Wednesday, March 17, 2021

Romanian private medical services provider MedLife (M) announced its 31st takeover: a 60% stake in one of the biggest medical clinics in Sibiu County - Medica Sibiu.With this acquisition, MedLife says that it is consolidating its position as the largest network of private medical units in Romania. Medica Sibiu posted a turnover of only RON 3.7 million (EUR 0.76 mln) in 2020.   Through this acquisition, the group's consolidated pro-forma sales reach EUR ...

Amazon opens three new offices in Romania, creating 500 jobs

Wednesday, March 10, 2021

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 Amazon will open three new offices in Romania, in Timisoara and Iasi, and intends to create 500 jobs by the end of the year.According to a press release sent on Tuesday, the Amazon team from Romania reached over 2,500 employees."The company is preparing to add another 500 permanent roles available in its offices in the country by the end of the year and intends to open a new branch in Timisoara and two more in Iasi. The office in Timisoara, ...

Deloitte Survey: Working from home reduces the stress level for Millennials and Generation Z

Wednesday, March 10, 2021

The flexible work arrangements, widely implemented amid COVID-19 pandemic, could be a solution to reduce the young generations’ stress level. Almost 70% of Millennials and 64% of Generation Z said the option of working from home in the future could relieve stress, according to the latest edition ...

Braiconf to sell its factory to Kaufland

Wednesday, March 10, 2021

The shareholders of Braiconf, the country’s biggest shirt producer located in the eastern city of Romania, Braila, are summoned on April 12 to decide on selling the factory’s main premises to German retailer Kaufland.   Braiconf has reached a deal to sell the premises for EUR 7 mln and plans to invest EUR 9 mln in new premises and modern ...

GRID has opened the 11th store of the network in Ploiesti Shopping City

Wednesday, March 10, 2021

The national brand GRID, with 100% Romanian capital, opened the 11th store in Ploiesti Shopping City, a press release sent to ACTMedia informs. The multi-brand store is the ideal place where people that are passionate about urban fashion and the latest trends can buy both streetwear products and high-quality sports shoes from international brands such as: Nike, Jordan, Puma, adidas and many ...

AKTOR : We continue to work relentlessly in Romania  

Wednesday, March 10, 2021

Recent communication with the Ministry of Transport and Infrastructure of Romania confirms the trust and the strong spirit of cooperation between the two parties   The strong spirit of cooperation and the common will upon all strategic issues were re-confirmed during the recent communication between Mr. Christos Panagiotopoulos, Executive Chairman of AKTOR, and Mr. C?t?lin Drul?, Minister of Transport and ...

554,331 women shareholders or associates in Romania companies at end-January

Wednesday, March 10, 2021

The number of female shareholders or associates in the companies established in Romania was 554,331 at the end of January 2021, with a share of 37,21 pct in total shareholders or associates, according to data from the National Trade Register Office (ONRC).According to the centralized data, male shareholders or associates were 935,389 (62.79 pct) 1,042,396 active companies in Romania at the end of January.The total number of individual authorised ...

ONRC: Almost 4,300 companies deregister in January 2021

Wednesday, March 10, 2021

The number of companies deregistered nationwide decreased by 11.89% in January 2021, compared to the same period last year, to 4,298 deregistrations, according to statistics from the National Trade Register Office (ONRC).Most write-offs were registered in Bucharest - 639 (10.5% less than in January 2020) and in Timis counties - 204 (plus 17.24%), Constanta - 200 (minus 4.76%) and Cluj - 179 (minus 15.17%).At the opposite side, the least ...

ONRC: 322 companies with foreign capital registered in Jan 2021

Wednesday, March 10, 2021

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The number of newly established companies on foreign capital in Romania decreased in January 2021 by 16.9%, compared to the first month of 2020, to 322 units, according to data centralized by the National Trade Office Registry (ONRC).The 322 new companies had a total invested share capital of 1.658 million dollars, double that of the companies registered in January 2020 - 790,400 dollars.By areas, most companies registered in December operated in ...

Confidex Study: 2021, the year of prevention in business

Wednesday, March 10, 2021

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According to CITR, the leader of the restructuring market in Romania, in 2021, companies that want to overcome the crisis and move to the next stage of development must be prepared to anticipate changes and invest in solutions that would help them better manage the risks. Although pressure on cashflow has fallen compared to the first quarters of the crisis, to 15% according ...

Optim Project Management opens a branch in Belgrade to cover Serbian Real Estate Market

Wednesday, March 10, 2021

Optim Project Management, the leader of the Romanian project management market, opened a branch in Belgrade to expand its services on the Southeast Europe real estate ...

11,094 authorised individuals and legal entities registered in January 2021

Wednesday, March 10, 2021

The number of registrations of authorised individuals and legal entities increased in January 2021 by 13.3% compared to the first month of 2020, to 11,094, of which 8,236 SRL (limited liability company), according to data centralized by the National Trade Register Office (ONRC).Most registrations occurred in Bucharest, respectively 1,789 (plus 12.09% compared to January 2020), and in the counties of Cluj - 603 (plus 23.31%), Timis - 500 (plus 38.89%) and ...

REHAU Romania has a new Country Manager, Alexandru Oprea

Wednesday, March 10, 2021

REHAU, German provider of solutions for windows, building and furniture, has from the beginning of this year a new Country Manager in Romania, Alexandru Oprea, with 17 years of experience within the company.   Alexandru Oprea takes over the role of Country Manager from Alessandro Hillebrand, under whose management, REHAU Romania registered notable results for all divisions. Alessandro Hillebrand will be in charge with ...

PDG takes over Romanian publisher InternetCorp

Wednesday, March 10, 2021

InternetCorp, one of the most important publishers in Romania and also one of the largest media sales houses in the country, is now part of Primavera Digital Group (PDG), a pan-European digital media and marketing services company.    With PDG as the new shareholder of InternetCorp, the Romanian company strongly believes it will enter a next stage of growth, considering ...

Medlife group ends 2020 with a growth of 25.5% against 2019

Wednesday, March 3, 2021

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The Medical Medlife Group announces the closing of 2020 with a pro-forma turnover, consolidated at the level of the group, worth 1.214 million Ron ( 251 million euro) with a growth of 25.5% against 2019. The development of the Covid-19 laboratories network represented one of the most important achievements of last year.   According to the  press release sent by Medlife, the development of the Covid-19 laboratories ...

Agroland, the largest network of agricultural stores in Romania, listed on BVB AeRO market

Wednesday, March 3, 2021

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Agroland, the company that operates the largest network of agricultural stores in Romania, was listed on the Bucharest Stock Exchange, on the AeRO market, almost nine months after the listing of its first bond issue on the Bucharest market.   Radu Hanga, BVB Chairman of the Board: ”Agroland is a successful example for many entrepreneurs, both for the development ...

316 companies and authorised individuals enter insolvency in January 2021

Wednesday, March 3, 2021

The number of companies and authorised individuals (PFA) that entered insolvency has gone down by 31.75% in January 2021, in comparison with the first month of 2020, 316 companies being registered as insolvent, according to the data published on the website of the National Trade Register Office (ONRC).Most PFA's that entered insolvency were registered in Bucharest, namely 60, dropping by 25% from January 2020.Regarding activity areas, the largest ...

Sphera Franchise Group achieves consolidated sales in Q4 up by 5.3% compared to Q3

Wednesday, March 3, 2021

Sphera Franchise Group (“Sphera”) reported consolidated sales of RON 710.8 million in 2020, representing a decrease of 25.6% compared to the performance in 2019. The result is well-above the revised estimate, as communicated in the current report published on October 22nd, 2020. The Group’s consolidated sales in the Q4 2020 amounted to RON 208.4 million, a 5.3% quarter-on-quarter ...

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