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New HR Director of PepsiCo in the Eastern Balkans region

Wednesday, January 26, 2022

PepsiCo announced a new change in the local management team with the appointment of Annie Griffith-Swain as PepsiCo HR Director East Balkans.   “I am delighted to join the Romanian team and manage the human resources agenda for the Eastern Balkans region. I am glad to have the opportunity to be part of such a successful team and to learn more about Romania – a truly unique culture in ...

Holzindustrie Schweighofer cuts by 30% production of Romanian wood panels factory

Wednesday, January 26, 2022

Austrian group Holzindustrie Schweighofer decided to reduce by 30% the cutting (hence timber processing) capacity in Romania, effective the end of March. The panel plant in Siret, which processes sawn timber from the Radauti mill, will be closed down entirely, along with parts of the plant in Radauti - the sawmill.   Among other reasons, the company invoked the restrictive conditions on the Romanian ...

Pehart Group, new production line in Sebes with over EUR 10 M investment

Wednesday, January 26, 2022

Pehart Group, a Romanian paper producers, is inaugurating a new production line in Sebes. It will operate with advanced, innovative, high-performing technologies in terms of environment, employees and end customers protection. The new production line at Pehart factory in Sebes has benefited from over EUR 10 million investment, and the technologies used here lead paper production to a different level – finished products, toilet paper and paper towels have much ...

STADA Romania announces an investment of 48.3 million euros in a new factory

Wednesday, January 26, 2022

STADA Romania, the Romanian subsidiary of the STADA Arzneimittel AG group, announces an investment of 48.3 million euros in a new production facility that will be built in Aries Industrial Park in Turda, Cluj County. The greenfield project is partially supported in its implementation by the Romanian Government, through a state aid contribution. The new production and packaging unit will initially include 9 state-of-the-art technology lines for solid ...

Competition Council analyzes takeover of COS Targoviste by Italians from AFV Acciaierie Beltrame SpA

Wednesday, January 19, 2022

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The Competition Council announced on Friday that it analyzes the transaction by which Italians from AFV Acciaierie Beltrame SpA intend to take over the stock belonging to COS Targoviste which is now in judicial reorganization.   Functional stock that is part of the transaction includes real estate assets, equipment needed for the production activity, and other ...

Unirea Medical Center can take over Life Line Medical Center

Wednesday, January 19, 2022

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The Competition Council announced on Monday that it authorized the transaction by which Unirea Medical Center, the operator of the private health network Regina Maria takes over Life Line Medical Center.   Unirea Medical Center is the ...

Chimcomplex Borzesti the largest company on the AeRO market moved to the Main Market under the stock ticker CRC

Wednesday, January 19, 2022

Chimcomplex Borzesti continues its journey on the capital market, started in 1996, and takes the first step on Bucharest Stock Exchange Main Market. January 17 is the first trading day of Chimcomplex Borzesti shares on Bucharest Stock ExThe Competition Council announced on Monday that it authorized the transaction by which Unirea Medical Center, the operator of the private health ...

Medicover Romania purchases Polaris Medical Hospital in Cluj-Napoca

Wednesday, January 19, 2022

Medicover, a provider of private medical services operating in Romania, announced the signing of the acquisition of Polaris Medical Hospital in Cluj-Napoca, the largest private medical recovery hospital in the country. Medicover will make an investment of over 8 million euros in the coming years in the hospital for the development of medical and surgical services.   “Investing in health means investing in people. ...

The first electric bus manufacturer in Romania: BMC Truck & Bus and Chinese giant ZTE to start production near Bucharest

Wednesday, January 19, 2022

Starting this year, MC Truck & Bus SA will produce electric buses in Ciorogarla, near Bucharest, in partnership with Zonson Smart Auto Co LTD, a subsidiary of the Chinese giant ZTE. Romania will thus have the first manufacturer of electric buses.   In the first phase, 200 units will leave the factory annually. Over the next stages of development, the deliveries will amount to approximately 500 units per year, according ...

TechAngels Group 2021 investments in local startups at 8.9 ml euros, double from 2020

Wednesday, January 19, 2022

TechAngels Group's 2021 investments in local startups amounted to 8.9 million euros, twice the figure of 2020, and its investor network has grown by 40 percent, the tech business supporting association said in a statement on Thursday."Investments by members of TechAngels, the largest network of private investors interested in supporting the Romanian tech startup ecosystem, were a combined 8.9 million euros in 2021, double the amount of 2020 and 43 percent more ...

Vlad Saftoiu is the new head of research at Cushman & Wakefield Echinox 

Wednesday, January 19, 2022

Cushman & Wakefield Echinox announces the promotion of Vlad Saftoiu as Head of Research. In his new role, he will coordinate the activity of Cushman & Wakefield Echinox’s Research department, being responsible for producing public reports pertaining to the real estate market and also personalized studies for the company’s corporate and private clients.   Vlad Saftoiu has been working ...

MedLife may be included in FTSE Global Equity Index

Wednesday, January 19, 2022

Analysts of BT Capital Partners, a brokerage firm part of the financial group that includes the largest bank in Romania - Banca Transilvania, concluded in a January 11 report that several companies from the local stock exchange could be included in the structure of FTSE Russell indices while others could be eliminated.   Based on their capitalizations, power group Nuclearelectrica should be promoted from ...

CEO S&T Romania: Business increased last year by approximately 50% against 2020 and the advance of the net profit is close to 400%  

Wednesday, January 12, 2022

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S&T Romania, one of the biggest IT&C integrators has managed to continue in 2021 the upwards trend started three years before, due to the organic growth of the activity and of the acquisition of companies, stated for Profit.ro the general manager of the company, Nicoleta Macovei.   The preliminary data of the company show that business grew last year by approximately 50% against 2020 and the ...

One United Properties estimates a net profit of RON 549 million in 2022

Wednesday, January 12, 2022

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate, estimates revenues of 1.52 billion lei and a net profit of 548.7 million lei ...

SME National Council launches Startup Ingenium project, to encourage entrepreneurship among students

Wednesday, January 12, 2022

The Startup Ingenium project, co-financed by the European Social Fund through the Human Capital Operational Programme 2014-2020, with a total value of 9.681 million lei (of which 9.661 million lei non-reimbursable financing) will be implemented over January 2022 - December 2023, informs the National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR).According to the quoted source, the general objective of the project is to encourage ...

Arxia, specialized in digitized solutions, expands activity in East-African, South-American markets

Wednesday, January 12, 2022

 Arxia, a Romanian company specialized in creating information solutions and consultancy in the area of digitization, announces its expansion on two markets in Eastern Africa and South America, namely Uganda and Chile.According to a press release sent by the company to AGERPRES on Monday, the company aims, through its projects developed in these regions, to contribute to the digital transformation of societies and constructing digital ecosystems in ...

Deloitte: Romania’s M&A market up in 2021 and “promising” in 2022

Wednesday, January 12, 2022

Romania’s mergers and acquisitions (M&A) market reached an all-time record in 2021 in terms of the number of deals, having recorded 137 transactions, according to an analysis conducted by Deloitte Romania.   The estimated total market value for both disclosed and undisclosed transactions reached around EUR 4-4.4 bln, while the value of announced transactions amounted to EUR 2.3 bln. By comparison, the market value ...

Alstom gets 500 mln euro contract for Bucharest metro maintenance services

Wednesday, January 5, 2022

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French multinational rolling stock manufacturer Alstom said on Monday that it was awarded a 500 million euro ($566 million) contract by Bucharest underground system operator Metrorex to provide full maintenance services for the Bucharest metro fleet until 2036.   The services cover preventive and corrective maintenance, as well as overhauls for a total fleet of 82 trains, Alstom said in a press ...

 Almost 572,000 women shareholders or associates in Romanian companies at end of November

Wednesday, January 5, 2022

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The number of women shareholders or associates in companies in Romania was, at the end of November 2021, of 571,596, increasing compared to October, these having a share of 36.87% in total shareholders or associates, show the data of the National Office of the Trade Register (ONRC).At the end of October, the ONRC data recorded 570,527 women, respectively a share of 36.91% in total shareholders or associates.According to centralized data, at the ...

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