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Nokian Tyres produces first tire at €650M Oradea factory
Wednesday, July 3, 2024
The first tire was produced in the Nokian Tyres factory in Oradea. Commercial-scale production will begin in 2025 as planned, the company said in a press release. Nokian Tyres produced the first tire in its new factory that it is building in Oradea, ...
Continental invests €45M in expanding production in Romania
Wednesday, June 26, 2024
Continental announced the start of work on the new production module in Sibiu, the seventh, with a planned investment of over 45 million euros. Part of this will be covered by state aid allocated to stimulate investments with a major impact on the Romanian economy. The future Module 7 of Continental Sibiu will have an area of over 15,000 square meters. Of this area, 6,500 sqm are allocated to the production area, and the rest is related to ...
Zabka Group opens first Froo stores in Romania
Wednesday, June 26, 2024
* This new brand will enter the Romanian market maintaining the same values as its parent company, https://www.mobilityplaza.org/ informs. The Zabka Group is launching a new chain of convenience stores in Romania with the opening of five Froo ...
Mengtai Group buys Alu Menziken Group
Wednesday, June 26, 2024
Chinese Inner Mongolia Mengtai Group Co., Ltd. has acquired the Alu Menziken Group from Montana Aerospace AG. Alu Menziken is a manufacturer of lightweight components from aluminium, including solutions for e-battery systems, structural components, and crash management systems. The company is a trusted partner for key suppliers and OEMs in the automotive, railway, construction, industry, and pneumatics sectors. The Alu Menziken Group ...
SMA Real Estate Kluster signs strategic partnership with Redport
Wednesday, June 26, 2024
Redport Group, one of the most active players in the real estate industry in Bucharest, started a collaboration with SMA Real Estate Kluster – the communication division dedicated to the real estate industry of ?erban & Musneci Associates. For SMA Real Estate Kluster’s communication specialists, the partnership with Redport Group brings a new dynamic to real estate communication. “We are keen to work with an ambitious ...
Agir Global buys Romanian subsidiary of Sidma Group
Wednesday, June 26, 2024
Turkish steelmaker Agir Global has acquired 00% of the shares in the Steel Service Center Sidma Romania SRL, a subsidiary of Greek-based Sidma Group. International law firm CMS has advised Agir on the acquisition. The acquisition marks Agir Global’s first step into the European steel market and is part of the company’s broader strategy to gain access to the key global steel markets. The advisory company Access Business Solutions (Access) ...
Perla Harghita reports a turnover increase by 20% versus last year
Wednesday, June 26, 2024
Perla Harghitei, one of the most important natural mineral water bottling companies in Romania, recorded a turnover of 30,5 mil. Euro last year – a 20% increase compared to the previous year. The volume increase of sold units was 19%, according to the financial results that Perla Harghitei released on last Thursday. These results were generated by a stronger team in several key company areas, an improved operational process and functional commercial team focus on ...
Insolvency procedure of Damen Mangalia, opened by Constanta Court
Wednesday, June 26, 2024
The Constanta Court opened the insolvency procedure of Damen Mangalia, and CITR Bucharest branch was appointed judicial administrator, according to a CITR press release."In this complex project, we will contribute with all the know-how of the CITR team accumulated during over 22 years in the management of restructuring through the insolvency procedure with a major impact on our economy. In the next period, the CITR team will analyze the company's activity in order to ...
One United Properties secures a €47 million financing from Banca Transilvania
Wednesday, June 26, 2024
One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces €47 million financing from Banca Transilvania. This financing will be used to fully repay the existing credit contracted by the company in 2021 from the Black Sea Trade and Development Bank for the development of the sustainable office building One Tower, part of One Floreasca City. Additionally, this new financing will ensure ...
Romanian construction company, provider in the Greek “Ellenikon” Mega Project
Wednesday, June 26, 2024
A Romanian construction company is providing concrete piles for the largest residential urban regeneration project in Europe, known as “The ...
Leroy Merlin has invested EUR 2 million in relocating its store in Electroputere Parc Craiova
Wednesday, June 26, 2024
Leroy Merlin, a retailer specialising in construction, decoration and gardening, inaugurated today, 19 June, the new store in Electroputere Parc, Craiova, relocated in the same shopping centre, on an extended surface. The new store is now in the top 3 of Leroy Merlin locations countrywide, in terms of surface area. The total investment in the relocation amounts to EUR 2 million, with the aim of offering an easier shopping experience in a 16% more generous space, ...
Arburg opens subsidiary in Romania
Wednesday, June 19, 2024
* The German machinery manufacturer continues to expand its operations internationally, https://www.sustainableplastics.com/ reads Arburg has announced it has expanded its presence in Eastern Europe with the opening of a new subsidiary in Romania. Based in Bucharest, the new subsidiary opened in April and is headed by Interim Managing Director Dr Daniel Orel, ...
CONAF, first employers' organisation invited to prestigious European Wachau Forum
Wednesday, June 19, 2024
The National Women's Entrepreneurship Confederation (CONAF) is the first employers' organisation invited to the prestigious European Wachau Forum, through the Embassy of Romania in the Republic of Austria, according to a press release sent on Monday.The event will take place between June 2024 20 and 22 at the Gottweig Abbey and Krems Campus."Improving gender equality could generate around 10.5 million additional jobs in the EU and contribute to an ...
Kuhn Romania announces investments of over 15 million euros and territorial logistics development
Wednesday, June 19, 2024
Kuhn Romania, one of the leaders in the construction and industrial machinery and equipment market, reached a business volume of over 96 mil. euros in 2023 (75% more than in 2022) and aims to continue investing in company development, territorial logistics, and the team this year. Since 2022, when it became part of the international Kuhn Group, Kuhn Romania has continued its development on the local market by strengthening and expanding its team, ...
Over 32,600 companies, deregistered nationally until end of April
Wednesday, June 19, 2024
As many as 32,626 companies were deregistered nationally, in the first four months of 2024, with over 44% more compared to the similar period in 2023, according to the statistics of the National Trade Registry Office (ONRC).The most deletions were registered in the Municipality of Bucharest, respectively 4,926 (up by 41.63% compared to January-April 2023) and in the counties of Cluj (1,640 +53.56%), Dambovita (1,447, +120.92%), Timis (1,314, +25.38%) and Constanta (1,246, ...
2,308 companies with foreign capital, established in first 4 months of 2024
Wednesday, June 19, 2024
As many as 2,308 companies with foreign capital have been established during the first four months of 2024, going up by 0.9% when comparing to the similar period of 2023, according to the centralized data from the National Trade Registry Office (ONRC).The 2,308 new companies had a total subscribed capital of more than USD 12.4 million, an increase of 46.4% compared to the subscribed capital of companies registered in January - April 2023, of USD 8.47 ...
Schneider Electric demonstrates how it is driving process innovation and sustainability in chemicals at ACHEMA 2024
Wednesday, June 19, 2024
Schneider Electric, the industrial technology leader in energy management and automation, is showcasing how it is reshaping operations across the process and chemicals sectors at ...
Gallup’s State of the Global Workplace report: How’s Romania Employee Engagement?
Wednesday, June 19, 2024
In Romania, 36 percent of employees are engaged at work, according to a latest Gallup survey. This compares to the Europe regional average of 13 percent and the global average of 23 percent. Employee engagement has increased by two percentage points in recent years, based on a three-year rolling average. In this report, employees are defined as adults aged 15 and older who were employed for any number of hours by an employer. According ...
Deloitte Romania assisted Affidea medical group in taking over Medeuropa radiotherapy network
Wednesday, June 12, 2024
Deloitte Romania assisted Affidea medical group, one of the leaders in the medical services market, in taking over the Medeuropa network, which provides radiotherapy and chemotherapy services, as well as oncology consultations. The transaction was signed in February 2024 and was completed recently, following regulatory and competition approvals. Through this takeover, Affidea enters the niche of radiotherapy services in Romania, a segment that it already covers in other ...
EY: Romania, second M&A market in the region, very close to Poland
Wednesday, June 12, 2024
Romania is the second Mergers and Acquisitions (M&A) market in the region, it has overrun the Czech Republic in terms of volume, on Tuesday said Iulia Bratu, Head of Lead Advisory, EY Romania, at the ZF Top Tranzactii 2024 select event."In Romania, in the first five months of 2024 v the same period of 2023, we find a fantastic stability on both the volume, we have 110 v 107 transactions inked at five months, and the value. From a regional outlook, it is a third ...