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Dental Imaging network owned by Black Sea Fund buys Dental Clinics in Bucharest
Wednesday, November 17, 2021
Dental and maxillofacial imaging network DigiRay which is majority-owned by Black Sea Fund, has bought Dental Scan clinics thus expanding in Bucharest with two more units. The company has currently 14 clinics and by the end of the year, it could reach 21-26 units both through its openings and through acquisitions. DigiRay is a dental and maxillofacial imaging clinics network founded in 2011 by the doctor Cristian Pop in Zalau. At the end ...
La Lorraine Romania is in the process of expanding the factory in Campia Turzii
Wednesday, November 17, 2021
La Lorraine Romania, one of the largest bakery and pastry factory in the country, celebrated 10 years of activity at a time marked by new expansion plans with regards to both the production capacity and the team. The event took place on Thursday, November 11, in Campia Turzii, with the participation of the Belgian Embassy delegation in Romania, led by His Excellency Philippe Benoit, ...
ALRO Group reports higher sales in 1-3Q 2021
Wednesday, November 17, 2021
ALRO S.A, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces today its consolidated financial results for the nine months ended 30 September 2021. The Group’s turnover increased by 27% (1-3Q 2021: RON 2.5 billion vs. Q1-Q3 2020: RON 2 billion), as management took advantage of the opportunities created by the global economic context. ALRO Group net result for the period was a loss of RON 25 million (1-3Q 2020: a net ...
MedLife confirms ongoing takeover of major oncology hospital in Brasov
Wednesday, November 17, 2021
MedLife Medical System, the leader of Romania's private medical services market, announced it completed the acquisition of 100% of OncoCard Hospital Brasov, one of the most important diagnostic and oncological treatment centers in Romania. The oncology hospital in Brasov was established on the company Onco Card Invest in 2012, following an investment of EUR 24 mln made by five local entrepreneurs: T&K Management, ...
LIBERTY Steel Group plans to hire almost 650 new employees this year
Wednesday, November 17, 2021
LIBERTY Steel Group, which owns the largest integrated steel producer in Romania, is targeting the hiring of almost 650 new employees at LIBERTY Galati in 2021, with at least 100 more roles to be filled by the end of the year. The expansion highlights LIBERTY Galati’s ongoing transformation strategy, with 100 new roles having been created by the plant’s increased production and its digitalisation and automation projects. LIBERTY Steel ...
Antibiotice business turnover advances 21pct in first nine months of 2021
Wednesday, November 17, 2021
Antibiotice Iasi has reported a net business turnover for the first nine months of 2021 of 247.83 million lei, up 21% y-o-y, according to data submitted on Wednesday to the Bucharest Stock Exchange (BVB).The company says it is a world leader in the production of the active substance nystatin covering 55% of the international market.The value of its gross profit at the end of September was 18.68 million lei, at the same level as in the same period of ...
Skanska and Holcim Romania Group announce their collaboration
Wednesday, November 17, 2021
Skanska, one of the biggest developers of sustainable office buildings and the Holcim Romania Group, one of the largest producers of building materials announce their strategic collaboration that aims to accelerate the transition to a greener built environment. The partnership is based on the mutual engagement of both companies to accelerate the transition to a greener built environment, by implementing the sustainable ...
Pricop (AAF): Investor number grew by 24% in last 12 months
Wednesday, November 10, 2021
The investment fund industry reached new historic levels in quarter 3, so that the value of administered shares grew by 24% against September 2020, while the number of investors reached 525,000 in the last 12 months, recording a 24% advance, said Jan Pricop, executive director of the Association of Fund Administrators (AAF) on Tuesday, at a debate organized by Bucharest Stock Exchange and ...
Safetech Innovations posts a 53% increase in turnover
Wednesday, November 10, 2021
Safetech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, posts a turnover of 13.1 million lei in the first nine months of 2021, a 53% increase compared to the same period last year and a net profit of 2.2 million lei, 153% more than in the first half of 2020. “The first nine months of 2021 were dynamic. We have expanded our portfolio with 16 new clients ...
Holde Agri Invest makes a new agritech investment by acquiring a stake in Enten Systems
Wednesday, November 10, 2021
Holde Agri Invest, a Romanian company operating farmland, announces a new investment in the agritech field through by acquiring a stake in Enten Systems SRL. The value of the transaction amounts to 370,000 lei, out of which 247,000 lei was used to acquire a minority stake, while 123,000 lei represents a financing convertible into shares. “The transaction announced today is part of Holde’s strategy to ...
Sensiblu takes over smaller rival Optifarm
Wednesday, November 10, 2021
Romanian pharmacy chain Sensiblu, the second-largest player in the country, controlled by Czech-Slovak group Penta Investments, received ...
Emz builds EUR 5 mln factory in western Romania
Wednesday, November 10, 2021
The German company Emz, which produces parts for household appliances but also locking and control systems for smart bins, will invest EUR 5 mln in a factory in Resita, a city in the western part of the country near Timisoara, with a population of 80,000 people and a long industrial tradition. Emz, based in Bavaria, has among its customers major companies such as BSH, Electrolux, Liebherr, Miele, Samsung or ...
In 2020 number of impact of companies in imminent insolvency at highest level in last years
Wednesday, November 10, 2021
The number of impact companies in imminent insolvency (6,654) was in 2020 at the highest level in past years, but the big difference between the number of companies in imminent insolvency and of those who accessed insolvency or financial restructuring (293) indicate the existence of a high number of companies in difficulty that do not access restructuring measures, according to a study made by CITR ...
Alstom Feroviaria S.p.A. wins tender for purchase of 20 inter-regional electric trains RE-IR
Wednesday, November 10, 2021
The Authority for Railway Reform (ARF) has appointed Alstom Feroviaria S.p.A. winner of the public tender procedure for the purchase of new rolling stock for inter-regional passenger transport (RE-IR inter-regional electric trains).According to a press release from ARF, the financial offer of Alstom Feroviaria S.p.A. was over 1.309 billion lei, excluding VAT, the public procurement contract will be concluded and signed by both parties at the end of the legal ...
Instant Factoring expands in Serbia
Wednesday, November 10, 2021
Instant Factoring, a major Romanian fintech player in the segment of factoring services for companies, announced that it is expanding in Serbia. The potential of the Serbian market, as revealed by the growing amount of outstanding invoices and late payment is increasing, the company explains. The total value of invoices financed by Instant Factoring, which has ...
DIY chain Dedeman ponders expanding abroad
Wednesday, November 10, 2021
Romanian do-it-yourself (DIY) retail chain Dedeman, the leader of the local market, is exploring the option of entering markets outside Romania. The company has already registered the web domain in ...
Optim Project Management celebrates 12 years on the market and more than 4.8 mln. sqm built
Wednesday, November 10, 2021
Optim Project Management has become the leading real estate project management company in the country as it celebrates 12 on the Romanian market. Founded in 2009 by David Evans (photo) international project and construction director with comprehensive project and construction management experience gained through working with developers and contractors in Central-Eastern Europe, the Middle East and South America, Optim Project Management has reached a ...
Number of new companies grew by 44% in first 9 months, but more insolvencies recorded
Wednesday, November 3, 2021
Romanian business environment remains uncertain, as a result of the economic impact of the 4th wave of Covid 19 pandemic, the expiring of fiscal stimulation measures, expensive credits, increase of inflation pressures and tensions in the political field, according to the latest edition of KeysFin Macro Update. The balance sheet of the first 9 months of 2021 shows that the number of new companies grew by ...
Biofarm inaugurates modern drug factory in Romania following an EUR 35 M investment
Wednesday, November 3, 2021
Biofarm, one of the most important drug manufacturers in Romania, inaugurated a new production and testing facility in Bucharest, in which over 35 million euros were invested. With a usable area of over 10.000 sqm and an annual production flow three times higher than in the existing plant, the new Biofarm factory will ensure the production of a complex portfolio of pharmaceutical products and its development with ...
Cellini chain of stores is taking the first step on Bucharest Stock Exchange by listing its first bond issue
Wednesday, November 3, 2021
The first bond issue of Cellini, the oldest network of jewelry and watches stores in Romania, started trading on Bucharest Stock Exchange. Chronostyle International, the company that operates Cellini stores, attracted through ...