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2Performant surpasses 10 million sales intermediated by its platform
Wednesday, June 28, 2023
2Performant (BVB: 2P), a technology company and the leader of the affiliate marketing market in Romania, announces that its platform has surpassed 10 million intermediated sales since its launch in 2008. Since the beginning of 2023, 2Performant has intermediated 1.1 million online store sales, the fourth consecutive year the platform has reached the 1 million intermediated sales threshold in a calendar ...
BMF Grup and SARMIS Capital announce the largest investment in the Facility Management industry this year in Romania
Wednesday, June 28, 2023
BMF Grup, the largest integrated facility management company in Romania, announces the signing of a strategic partnership with SARMIS Capital, the largest private equity fund dedicated to Romania and neighbouring countries. Completion is subject to approval from the Competition Council, expected in the next months. This partnership marks a significant stage in the development of BMF Grup, strengthening its position as a leader in the integrated facility management ...
Belgian ABEE plans 1.4 bln euro battery plant in Romania
Wednesday, June 28, 2023
According to Reuters, Belgian group Avesta Battery & Energy Engineering (ABEE) is planning a 1.4 billion euro ($1.53 billion) battery plant in Romania's Galati, creating up to 8,000 jobs, the city's mayor said on Tuesday. "Our city has become more and more attractive to investors," Galati Mayor Ionut Pucheanu said on Facebook. The company's spokesperson was not immediately available and did not ...
Launching of Romvolt project, with lithium-ion battery cells factory to be built in Galati
Wednesday, June 28, 2023
Through the Romvolt project, which implies the construction of a state-of-the-art electric battery factory in Galati, Romania is making the transition from a consumer state to a producer of lithium-ion battery cells, Minister of Economy, Entrepreneurship and Tourism Stefan Radu Oprea stated at the project launch event.The Economy minister participated, between 26 and 27 June 2023, in Brussels, at the launching event of the Romvolt project, which ...
Dan Air threatens to withdraw from Brasov Airport
Wednesday, June 28, 2023
Dan Air, the only company that operates regular flights from the new Brasov – Ghimbav airport, could take the decision to suspend air flights, after a series of incidents also related to the airport’s limited schedule, Buna Ziua Brasov local newspaper reports. The decision will be announced on Tuesday. Dan Air started operating flights as of June 15 to destinations in Germany, Spain, Belgium ...
Mediapost hit Mail Group buys 75% of White Image
Wednesday, June 28, 2023
White Image, a local email marketing company has been taken over 75% by Mediapost Hit Mail, the largest direct marketing group in Romania and Bulgaria, controlled by La Poste – the French state postal service. A quarter of the company will be owned by the founders of White Image, Gratiela Lupu and ...
Almost 22,600 companies delisted in first four months of 2023
Wednesday, June 28, 2023
As many as 22,598 companies were deregistered nationally in the first four months of 2023, 2.23% less compared to the same period last year, according to the statistics of the National Office of the Trade Registry (ONRC).The most deletions were registered in the city of Bucharest - 3,478 (minus 3.36% compared to January - April 2022).By field of activity, the largest number of deregistrations was recorded in wholesale and retail trade, motor ...
The Competition Council has authorised the takeover of Argenta by Industria Mundum
Wednesday, June 28, 2023
The Competition Council has authorized the takeover of Argenta SRL by Industria Mundum SRL, informs the competition authority in a press release.Industria Mundum offers consultancy in business and management and is part of the GSP Group, this being a provider of services of offshore drilling with offshore rigs and barges, offshore construction services, project management and additional services typically required ...
Antibiotice Iasi wins new tender in UK
Wednesday, June 28, 2023
Antibiotice Iasi was awarded a new tender in Great Britain, the largest European market for anti-infective products from the range of sterile injectable penicillins, organized by the National Health Authority.According to a company's release, the contract, worth 5 million euros, will run for a period of two years (2023-2025) and aims at monthly deliveries to hospitals in the United Kingdom of five beta-lactam penicillins. In this way, the company Antibiotice ...
ONRC: Number of dissolved companies up 24.57pct, in first four months of 2023
Wednesday, June 28, 2023
The number of dissolved companies increased by 24.57pct, in the first four months of 2023, to 13,300 compared to 10,677 in the same period of 2022, according to the data centralized by the National Trade Registry Office (ONRC).The most dissolutions were registered in Bucharest, namely 2,801 companies (up 38.05pct compared to the first four months of 2022), and in the counties of Timis (742, +54.91pct), Cluj (646, +31.03pct), Constanta (614, +12.04pct) and ...
Barrier, a PVC window and door manufacturer, gets EUR 3 Million state aid
Wednesday, June 28, 2023
The funds will be used to expand the production capacity of the factory in Bacau. Total investment exceeds €6.5 million. Barrier, a Romanian PVC window and door manufacturers, has completed its investment in the expansion of the production capacity of its factory in Bacau, after obtaining the full non-reimbursable financing of over 3 million euros through the state aid regulated by GD 807/2014 and ...
ADASTEC, a software developer for autonomous buses, opens through SeedBlink a funding round for Romanian individual investors
Wednesday, June 28, 2023
The private equity deal is valued at $150 million Buses equipped with ADASTEC technology are 5x more cost-effective to operate than standard buses. With an estimated annual growth of 8%, the global bus market is predicted to reach $72 billion by 2028, providing excellent opportunities for ...
SYMMETRICA invests EUR 7 million in its first factory in the South-East of Romania
Wednesday, June 28, 2023
Symmetrica, the local market leader in vibropressed concrete pavers and kerbs and the largest domestic manufacturer, announces the launch of a new production unit following an investment of €7 million. The new factory, located in Ovidiu town, Constanta county, is the company’s new manufacturing unit and the first in the South-East of the country. Built on a ...
Procter & Gamble appoints Romanian as senior vice president for South-Eastern Europe
Wednesday, June 21, 2023
As of July 1, Radu Maftei takes over the position of senior vice president for South-Eastern Europe (SEE) at the US company Procter & Gamble, and will coordinate company business and operations in 12 markets in the area. Radu Maftei joined the company in 1997. During his career he held vaious positions in finance, commerical and management, having several top leading positions in Europe, the Middle East and ...
Kaufland prepares investments of 300 million euros in Romania this year
Wednesday, June 21, 2023
Kaufland retailer is preparing investments of 300 million euros in Romania this year and wants to open ten stores, said Valer Hancas, communication director of Kaufland Romania and Moldova. The company recorded a business figure increase of 3.4 billion euros (March 2022- February 2023). “300 million euros is the investment value and we will open ten stores. Investments have in view not only these ten stores, there are also operational costs, renovation costs, as ...
Two new connections to Romania by Dan Air to Brasov and Bucharest
Wednesday, June 21, 2023
Nuremberg Albrecht Dürer Airport’s route network to Eastern Europe has been continuously expanded in recent years. With Brasov, another destination has now been added. Dan Air is a new airline present at Nuremberg Airport and will fly twice a week to the beautiful Transylvanian city. Furthermore, Bucharest, a destination that is already on the flight schedule, will be added with two more connections, bringing the total to four flights per ...
Schneider Electric appoints Michael Lotfy Gierges as Executive Vice President of Global Home & Distribution division
Wednesday, June 21, 2023
Schneider Electric, the global leader in the digital transformation of energy management and automation, announced the appointment of Michael Lotfy Gierges as Executive Vice President for its global Home & Distribution division. Working out of Schneider Electric’s US headquarters in Boston, Gierges will lead Schneider Electric’s drive to bring the Electricity ...
easySales completes integration with the Altex marketplace
Wednesday, June 21, 2023
The SaaS platform for automated management and centralized eCommerce activities, easySales, now integrates with the Altex marketplace, opening up online businesses to 12 million new unique visitors. “The strategic motivation behind integrating the Altex marketplace into our platform is to offer merchants a wide range of selling channels and help them expand their online businesses. The integration with Altex opens ...
New in the Labour Code: Suspension of the employment contract for the care of certain persons and paid carer’s leave
Wednesday, June 21, 2023
Recently, the Labour Code was amended by Law 140/2023 which introduced a new case of suspension of the individual employment contract at the initiative of the employee: in the case of carrying out, on the basis of a contract concluded under the law, a specific activity as a maternal assistant, personal assistant to the severely disabled or professional personal assistant. This new case of suspension ...
Mainz Biomed expands into Romania through partnership with Bioclinica
Wednesday, June 21, 2023
Mainz Biomed , a molecular genetics diagnostic company specializing in the early detection of cancer, is excited to announce the addition of Bioclinica to its esteemed network of laboratory partners. Bioclinica will play a crucial role in supporting the commercialization efforts of ColoAlert, Mainz Biomed's flagship product—a highly effective and user-friendly at-home detection test for colorectal cancer (CRC). This strategic collaboration marks another milestone ...