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Primark opens its second store in Romania
Wednesday, June 21, 2023
Primark has opened its second store in Romania at AFI Cotroceni, Bucharest today, following an investment of EUR 10 million and by creating 250 new jobs. Primark entered Romania for the first time in December, by opening its first store in Bucharest, in ParkLake. The AFI Cotroceni Primark store spans over 3,200 square metres across one floor, bringing Primark’s unique formula of the latest ...
ONRC: 2,286 newly-established companies with foreign capital, registered in the first four months of 2023
Wednesday, June 14, 2023
The number of companies with foreign capital newly established in Romania increased in the first four months of 2023 by 4.6% compared to the similar period of 2022, to 2,286 units, according to data centralized by the National Trade Register Office (ONRC).The 2,286 new companies had a total subscribed share capital of 8.47 million USD, 39.5% lower than the 14.008 million USD registered between January and April 2022.In April 2023, a number of 477 ...
Clinicile Dentare Dr. Leahu joins REGINA MARIA Network
Wednesday, June 14, 2023
REGINA MARIA Health Network signs the largest transaction of the year in the medical services market by acquiring the majority stake in Clinicile Dentare Dr. Leahu, the leader in the dental market with a presence in 13 cities across the country, featuring 169 offices in 19 clinics. Following the transaction, Dr. Ionu? Leahu retains a 49% stake, while private equity fund Morphosis Capital exits the dental service provider’s shareholder ...
Cargus enhances its Polish portfolio of clients with an important international player
Wednesday, June 14, 2023
Vinted enters Cargus portfolio of customers. The courier company estimates an increase of 13% in processed parcels in the next two years of its Polish business Within the partnership, Cargus offers parcel delivery from Romania to Poland and back, but also on the Romanian market, from consumer to consumer. Consumers will be able to use Cargus SHIP & GO ...
Medicover opens a multi-disciplinary hospital in Bucharest
Wednesday, June 14, 2023
The new multi-disciplinary hospital in Bucharest comes from the repurposing of an office building into a medical facility upgraded to the latest Western standards. It is a 9-floor plus ground-floor building, with a total area of over 22,000 square meters, out of which 15,000 represent the medical area. The new hospital is located in the northern part of the city, offering easy access to medical services to both the citizens of Bucharest and the inhabitants of the neighboring ...
Competition Council authorises takeover of Silnef's assets by Silcotub
Wednesday, June 14, 2023
The Competition Council has authorized the transaction through which Silcotub SA takes over two industrial recyclable waste collection centers operated and managed by Silnef SRL, a press release of the competition authority informs.Silcotub is a producer of tubes, pipes, tubes, pipes profiles and accessories made of steel, part of the international Tenaris group, one of the main suppliers of tubes, pipes and related services mainly for the world energy ...
Almost 2,200 companies and self-employed persons go insolvent over Jan - April 2023
Wednesday, June 14, 2023
Insolvencies of trading companies and self-employed persons over January - April 2023 were 1.29 percent up from the same period of the year before, at 2,199, shows data released on the website of the National Trade Register Office (ONRC).Bucharest tops the list with most insolvencies - 455, up 16.37 pct year-over-year.By business activity, the largest number of insolvencies during the reporting period was in wholesale and retail trade; ...
The 2023 IT Employment Landscape Study
Wednesday, June 14, 2023
Scoala de HR, in partnership with Zitec, a leading IT & Digital Marketing company in Romania, has published the results of a study that provides a comprehensive view of the preferences, values, and aspirations of professionals in the technology field. The entire endeavor aimed to recalibrate employers’ perceptions, make the needs of specialists known, and contribute to a people-oriented future. The study, ...
TotalSoft records growth rates in organic revenue of over 20%
Wednesday, June 14, 2023
TotalSoft, one of the leading providers of business information systems in Central and Eastern Europe, has recorded significant sales growth in the first quarter of 2023, following a 26% annual growth in 2022. Compared to the same period last year, organic revenue in the first quarter increased by approx. 23%, driven mainly by the key solutions in the portfolio, namely Charisma Financial Services, Charisma ERP and ...
Medicover inaugurates multi-disciplinary hospital in Bucharest
Wednesday, June 14, 2023
Medicover, a provider of private medical services, announced today the opening of the Medicover Pipera Hospital in Bucharest. The construction of the new Medicover multi-disciplinary hospital in Bucharest consisted in the reconfiguration of an office building into a western-standard medical unit, arranged on 9 floors plus ground floor, in a total area ofover 22,000 square meters, of which ...
Unicorn Klarna enters Romania
Wednesday, June 14, 2023
Swedish “Unicorn” Klarna, an AI powered BNPL- buy now, pay later – company, announced on Wednesday that it is launching in Romania its shopping service with payment in installments without interest, “Pay in 3”, and the mobile shopping application. According to Klarna’s consumer research, 45% of Romanians prefer an interest-free, Buy Now, Pay Later service for their ...
Altex- Record business, dropping profit
Wednesday, June 7, 2023
IT-Altex retailer, controlled by businessman Dan Ostahie, had in 2022 a business figure of 6.52 billion lei, on the rise by 11% compared to the previous year. In exchange, net profit dropped by 11.5% to 114.6 million lei. Company debts dropped by 1.3% to 1.712 billion lei, while bonds grew to 185.3 million lei from 154.9 million lei in ...
IBM Romania crossed 1 billion lei business threshold
Wednesday, June 7, 2023
Last year IBM recorded in Romania a business figure of 1.05 billion lei, from 984 million lei in 2021, while net profit grew by 2.8% to 83.8 million lei. The local subsidiary of the American giant IBM had last year debts of 91.8 million lei, compared to 72.9 million lei in 2021. Bonds to be recovered dropped by 2.4% to 179.4 million ...
Cable TV operator Orange Romania gets negative
Wednesday, June 7, 2023
NextGen Communications cable TV operator, a part of Orange Romania group had last year a business figure of 105.4 million lei, on the rise by 4.2% against 2021, according to company data. In exchange, the operator had negative results, net loss being 12.5 million lei, from a net profit of 2.14 million lei in 2021. Debts grew by 30.1% to 46.5 million lei and bonds by 65.3% to 15.03 million lei. The ...
Azomures resumes partial production
Wednesday, June 7, 2023
Azomures Plant in Targu Mures partially resumed fodder production. “We partially resumed fodder production. About 10% of the usual production. We used ammonia imported from a European country where gas price is lower. Thus we started nitric acid installation (intermediate product) and an ammonium nitrate one (fodder). Installations will work for a few days, then they will pause for a few days for ...
Therme business profitable again
Wednesday, June 7, 2023
Therme relaxation and wellness center, one of the largest in Europe, recorded a business of 174.3 million lei in 2022, on the rise by 143.5% against the previous year. The net result of the financial exercise was a net profit of 10.67 million leim from a loss of21.2 million lei in 2021. At the end of 2022, debts amounted to 488.9 million lei, 2.4% more than in 2021. Bonds amounted to 47.4 million ...
Nestlé Romania integrates 150 new products into the portfolio
Wednesday, June 7, 2023
Nestlé Romania, the largest food and beverage company in the world, managed in record time to integrate the SOLGAR® brand, a global leader in the food supplements market, in less than two months after taking over the operations of this brand in our country, as a result of the global acquisition back in August 2021. Thus, Nestlé Romania has currently reached an adoption level of over 90% of the almost 150 ...
Simtel team appoints new CEO
Wednesday, June 7, 2023
Simtel Team, a Romanian engineering and technology, also operating in the field of renewable energy, announces the appointment of Mihai Tudor as Chief Executive Officer at the group level. He is one of Simtel’s Board of Directors members voted by the company’s shareholders at the General Meeting of Shareholders from April 25, 2023. “Mihai’s appointment as CEO reflects the ...
Florin Suicescu – new COO at Forty Management
Wednesday, June 7, 2023
Forty Management announces that Florin Suicescu has joined the team as Chief Operations Officer, aiming to contribute to the scaling strategy of Central District Lagoon City, the most complex green urban reconversion in Central and Eastern Europe. Florin will also contribute to the implementation of the Central District Bucharest – The Crest Collection by Ascott Hotel in the center of Bucharest. Construction is expected to start this ...
certSIGN posts a consolidated turnover of 24.5 million lei and a net profit of 2.9 million lei
Wednesday, June 7, 2023
certSIGN, a Romanian IT&C company and a significant producer and developer of cryptographic solutions in Romania, posts a consolidated turnover of 24.5 million lei in the first quarter of 2023, a 52% increase compared to the same period last year, an EBITDA of 6.1 million lei, +130%, and a net profit of 2.9 million lei, a 257% increase compared to the first three months of 2022. “The financial results recorded ...