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Vodafone Romania announces indicators for the end June
Wednesday, July 28, 2021
Vodafone Romania announces the key performance indicators for the quarter ended June 30th, 2021, as reported by Vodafone Group Plc.Vodafone Romania delivered good performance despite of the challenging context in the quarter ended June 30th, 2021.The Service Revenue is at EUR 190.9 million and continues to be stable on quarterly evolution. Vodafone Romania customer base reached 11.2 million at June ...
Competition Council authorizes takeover of Omniform by Proplast Group
Wednesday, July 28, 2021
The Competition Council authorized the transaction by which the Proplast Group, through Nutripack SAS, takes over Omniform and, indirectly, Duton Plast Muscel, according to a release of the competition authority.The Proplast Group, through its subsidiaries, is active mainly in the production of rigid plastic packaging in the European market. The Proplast Group is also active in the sector of reusable plastic cup sales and in the production of equipment and ...
IFC to provide a green loan to NE Property BV
Wednesday, July 28, 2021
In its effort to support the retail property sector in Romania, one of the hardest hit by the COVID-19 pandemic, IFC has agreed to provide a green loan to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, the largest retail property owner in Central and Eastern Europe. The loan will help build a strong green business infrastructure in the country, prompting low-carbon economic growth. IFC`s ...
Framey has raised $1M Seed investment to build social travel app
Wednesday, July 28, 2021
The travel startup is helping users transform their dream photos into memorable trips Framey has raised a $1 million Seed funding round from ICE Capital and ...
Archbee raises USD 1 mln in investment round
Wednesday, July 28, 2021
Romanian startup Archbee, founded by Dragos Bulugeanu in 2019 and providing a tool for project management in the software development area, raised USD 1 mln in a financing round led by Inovo Venture Partners. The company has also been accepted into the US accelerator YCombinator, which has previously supported startups such as Airbnb, DoorDash or ...
Competition Council authorizes takeover for Bencis 7, Abriso Holding and Abriso - Jify by Quva (Luxembourg)
Wednesday, July 28, 2021
The Competition Council has authorized the transaction through which Quva, the Grand Duchy of Luxembourg, through Piatraco, Belgium, took over the companies of Bencis Holding 7, Abriso Holding and Abriso - Jify from Belgium, according to a press release sent by the competition authority.Both Quva and Bencis Holding 7 are carrying out activities specific to holdings.Piatraco NV, Belgium, was established especially for this acquisition.Abriso ...
Prefera Foods raises 5 mln euro in bond placement, to expand in Europe, U.S
Wednesday, July 28, 2021
Canned food producer Prefera Foods said that it has raised 5 million euro ($5.9 million) in a private bond placement and plans to expand in Europe and the U.S. Prefera Foods will use the funds to finance the planned expansion in Europe and in the U.S, where it intends to launch its latest Unfished product range offering a vegetable alternative to tuna and salmon, it said in ...
Scallier acquires retail park in Timisoara
Wednesday, July 21, 2021
Polish property investment company Scallier has acquired a retail park in Romania's western city of Timisoara, deal advisor PeliPartners said on Tuesday. The park, acquired by means of a business transfer from Oasis group, will be further operated under the brand FunShop Park, PeliPartners said in a press release. "The concept introduced by Scallier on the Romanian market involves the integration of modern premises to serve a ...
Aquila concludes the integration of Agrirom
Wednesday, July 21, 2021
Aquila, a consumer goods and logistics distribution company, has successfully completed the integration process of Agrirom, a company specialized in the distribution of temperature-controlled food products. The integration follows the merger by absorption of the two companies. The acquisition of Agrirom was one of the largest transactions in recent years in the distribution sector in the HoReCa market. Aquila thereby ...
Frederico Monteiro is the new BAT Director For Central Europe South Area
Wednesday, July 21, 2021
BAT appoints Frederico Monteiro to lead its Central Europe South Area. After fulfilling all registration requirements, Fred will be based in Bucharest, leading the operations for 7 markets: Romania, Bulgaria, Ukraine, Moldova, Czech Republic, Slovakia and Hungary. Ram Addanki, who has been successfully leading the Area for the past 3 ½ years will be retiring from the business. BAT is Romania’s largest contributor to the state budget, having paid in 2020 over 9,6 billion RON in ...
ABIT Puresoft opens office in Germany
Wednesday, July 21, 2021
ABIT Puresoft has announced the official opening of a new Nuremberg office, as a result of significant growth in recent years. With the number of customers increasing by 260% and the staff doubling, we are continuously exploring ways to serve our customers better. The new Nuremberg office provides ample space for our team to continue providing quality tailored services on the ServiceNow and UiPath platforms. “We are proud to announce ...
BVB-listed agri group Holde Agri completes EUR 6 mln capital increase
Wednesday, July 21, 2021
Holde Agri Invest (HAI), a Romanian company that operates arable land, announced on July 15 at the Bucharest Stock Exchange (BVB) that it concluded the second stage of the capital increase, in which 6.55 mln of Class A common shares that remained unsubscribed in the first stage were offered to investors in a private placement that ended early than planned. The price was set at RON 1.44 per share. In the first stage, which took place between June 4 and July 3, 2021, ...
Zitec becomes one of the 20 Microsoft partners in the world specialized in
Wednesday, July 21, 2021
Zitec, leader on the IT & digital marketing market in Romania, received a new recognition from Microsoft, being the first company in Romania and one of the only 20 partners worldwide that have obtained the advanced specialization ...
Altex Group enters tourism business
Wednesday, July 21, 2021
Romania's Altex Group said on Thursday that it is establishing a tourism business unit together with local tour operator Karpaten Tourism. Altex Travel will provide over 10,000 offers for holidays in Greece, Egypt, Turkey, the UAE, Croatia, Spain, Portugal, the Maldives, Dominican Republic, Zanzibar and Kenya, Altex Group said in a press release. "We aim to become a major player in the market, to diversify our ...
eJobs Romania records 70 pct increase in turnover in first half of 2021
Wednesday, July 21, 2021
The eJobs Romania recruitment platform registered a turnover of over 5.5 million euros in the first half of this year, up by almost 70% compared to last year, according to a company statement ."We are closing the first half of the year with a turnover of over 5.5 million euros, up almost 70% from last year. This development does not necessarily come as a surprise because 2020 has been a year of sacrifice for everyone. The good news is that we have ...
AmCham: 64 pct of company executives believe pandemic has brought them opportunity
Wednesday, July 14, 2021
Two-thirds of the executives of member companies of the American Chamber of Commerce in Romania (AmCham Romania) who participated in the survey on investment quality in Romania believe that the pandemic has brought them an opportunity, Ionut Simion, president of the organization told a press conference on Wednesday."As we saw from the results of the survey, the effects of the pandemic are not long lasting. Last year, ...
Bosch builds a 21-million-euro office building in Cluj
Wednesday, July 14, 2021
Bosch starts the construction of the second office building for the Engineering Center in Cluj, with an investment of 21 million euros."Bosch, a global leader in the provision of technologies and services, officially announced the opening of the construction site for a new office building at the Engineering Center in Cluj. Construction work began in March 2021 and will be completed in 2023, and the building will be commissioned in early 2024. The total ...
Business suspensions in Romania advance 25.28pct, Jan.-May 2021
Wednesday, July 14, 2021
The number of companies in Romania that suspended their business in the first five months of 2021 was 5,249, up by 25.28% from the same period of 2020, according to data with the National Companies Register Office (ONRC).Most of the companies to have suspended their business January-May 2021 were from Bucharest, 563 (up by 38.67% on the similar period of 2020), followed by the counties of Cluj, with 272 suspended companies (down by 1.81 %), Bihor - 232 ...
ONRC: 67,142 natural, legal persons doing business registered in first 5 months of 2021
Wednesday, July 14, 2021
The number of registrations of individuals and legal entities doing business in Romania decreased in the first 5 months of 2021 by 77.84pct from the same period of 2019, to 67,142, of which 45,185 were limited liabilities, according to data centralised by the National Trade Register Office (ONRC), checked by AGERPRES.Most registrations occurred in Bucharest, 10,177 (plus 66.29pct as against January-May 2020), and in the counties of Cluj - 3,747 (minus ...
Symmetrica invests EUR 6 M in a new production unit in Arad County
Wednesday, July 14, 2021
Symmetrica, producer of vibro-pressed pavers and curbs, has announced the inauguration of the new production unit in Arad County, in Zimandu Nou, following an investment of over 6 million euros. With the new factory, Symmetrica reaches a total of seven factories throughout the country and consolidates its position on the local market. „The expansion with production units in strategic areas ...