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Trade Register Office: 309 companies running on foreign capital set up in January 2025
Wednesday, April 9, 2025
A number of 309 companies running on foreign capital were established in Romania in January 2025, down 15.76% compared to the same period in 2024, according to data centralized by the National Trade Register Office (ONRC).The 309 new companies had a subscribed share capital totaling 301,700 US dollars, down 89.8% compared to the subscribed capital of companies registered in January 2024, of 2.958 US million dollars.Depending on the fields of ...
Competition Council analyzes takeover of Land Motors assets by Bavaria Cars and AB Immo Cluj
Wednesday, April 9, 2025
The Competition Council is analyzing the transaction through which Bavaria Cars SRL and AB Immo Cluj SRL intend to take over some assets held by Land Motors SRL, according to a press release.The main activity of Land Motors SRL is the trade in passenger cars and light motor vehicles under 3.5 tons. In addition to the trade in passenger cars and light motor vehicles (new - Toyota and used - Toyota and Lexus), Land Motors SRL provides technical ...
Hungarian Group KÉSZ Expands in Romania with New Factory
Wednesday, April 9, 2025
The Hungarian KÉSZ Group is expanding its presence on the Romanian market with a significant investment in Cluj County. The company has inaugurated a production plant in Moldovenesti, supported by Hungarian government funds. The group, one of the largest construction groups in Hungary and which has been operating in Romania for over two decades, is also ...
Growing Romanian courier market slowed down by red tape
Wednesday, April 9, 2025
The courier market in Romania is in constant growth, due to e-commerce and corporate investment, even if there is a slowdown in business due to red tape procedures of central and local administrations, in particular, in terms of regulations and authorisations, is the main conclusion of the Courier & Postal Services Forum 2025 conference organised by Govnet Conferences."In our industry we witness important growth after the pandemic. At FAN Courier, ...
COSMO PHARM Invests €2M in Cutting-Edge Supplement Lab
Wednesday, April 9, 2025
COSMO PHARM, a Romanian dietary supplement producer, has launched a new state-of-the-art laboratory for supplement research and production, built to the highest European and international standards (GMP – Good Manufacturing Practices). The €2 million investment is part of the company’s broader strategy to increase output at its Ilfov facility by up to 40%, in response to rising demand for high-quality natural supplements both locally and ...
TelePaws eyes expansion to Italy, Spain, and the Middle East
Wednesday, April 9, 2025
TelePaws, a Romanian veterinary telemedicine platform founded in 2024, has completed an investment round including both capital and strategic expertise, marking the entry of entrepreneur Razvan Costea-Barlutiu as a strategic investor and Chief Technology Officer (CTO). While the investment amount is undisclosed, the deal supports the company’s international expansion plans and the accelerated development of AI-based features scheduled for release by ...
Greenbrier closes wagon factory in Arad
Wednesday, April 9, 2025
The US-based Greenbrier company, which owns three wagon factories in Romania, announced that it is closing its production unit in Arad. “Due to the difficult and accelerating challenges in the local market, Greenbrier Romania intends to cease its production operations, carried out at the Arad factory. This decision was influenced by several factors, including increasing ...
IFC Partners with Agricover Credit to Boost Financing for Romanian Farmers
Wednesday, April 9, 2025
IFC is supporting a $42 million equivalent debt financing package to Agricover Credit IFN, Romania’s largest non-banking financial institution specializing in agriculture. The investment will expand access to financing for micro, small and medium enterprises (MSMEs) in Romania’s agricultural sector, with at least 50 percent of the funds allocated to women-owned MSMEs, addressing a critical financing gap for women farmers and ...
Over half of Romanians had to improve their skills to avoid losing their jobs
Wednesday, April 9, 2025
The pace of change in recent months has accelerated, with a direct impact on the way we work, learn and adapt. In this context of labor market transformation, bestjobs, whose CEO, Andrei Frunza, will be present on April 15 at ...
Digi Romania has taken out a €54.7 million export credit to expand its networks in Romania and Portugal
Wednesday, April 2, 2025
Telecoms operator Digi Romania announces that they finalized two export credit loan agreements worth 54.76 million euro with maturity of four years, to expand its networks in Romania and Portugal. "The Company wishes to inform the market that Digi Romania SA has entered into on 27 March 2025 two export credit loan agreements in the principal amount of EUR ...
Competition official urges monopolists not to encourage their group companies
Wednesday, April 2, 2025
The temptation for monopolists to encourage their group companies is great, but I still advise them not to do so, because it may run contrary to the competition legislation, Adrian Comanescu, member of the board of the Competition Council, said on Tuesday at a debate on the role of the energy sector in Romania's economic development."Distributors are in a special position, they are in a monopoly and the responsibilities they have are special ones. ...
Wizz Air Opens New Operational Base at Bucharest Baneasa
Wednesday, April 2, 2025
The new Wizz Air base was opened at Bucharest Baneasa Airport, offering travel options from the Capital to seven destinations. Wizz Air welcomed its state-of-the-art Airbus A321neo aircraft, which will serve the newly established base at Bucharest Baneasa – Aurel Vlaicu International Airport. With its second base in the capital inaugurated today and an additional aircraft set to operate from ...
The healthcare network Regina Maria becomes a part of Mehiläinen Group from Finland
Wednesday, April 2, 2025
Mehiläinen, Finland’s largest social care and healthcare provider, has taken the next steps in growing its international presence, acquiring the Regina Maria Group ...
Number of registrations of natural and legal persons down 28.22 pct in January 2025
Wednesday, April 2, 2025
The number of registrations of natural and legal persons fell in January 2025 by 28.22% compared to the similar period in 2024, totaling 8,675 registrations, of which almost 70% are limited liability companies (SRL), according to data centralized by the National Trade Registry Office (ONRC).The most registrations were recorded in Bucharest, respectively 1,748 (minus 33.54%, compared to January 2024) and in the counties of Ilfov - 455 (minus 33.28%), ...
A company from Bucharest, which operates in ride-sharing sector, damages budget by over 3.67 million RON
Wednesday, April 2, 2025
A company from Bucharest, which carries out alternative passenger transport activity through the UBER and BOLT platforms, did not comply with the legal provisions regarding the registration and declaration of income obtained from the services provided and prejudiced the state budget by over 3.67 million RON in one year, according to the National Agency for Fiscal Administration (ANAF)."Following an anti-fraud control carried out at a ...
387 companies and authorized physical persons in insolvency in January 2025, down 23.9 pct
Wednesday, April 2, 2025
The number of companies and authorized physical persons (PFAs) in insolvency stood at 387 in January 2025, down 23.97% compared to the similar period in 2024, when 509 insolvencies were registered, according to data published on the website of the National Trade Registry Office (ONRC).Most of companies and PFAs that went into insolvency were registered in Bucharest, respectively 107, a number up 40.79% compared to the first month of 2024.Next in ...
Bain Capital to acquire Namirial
Wednesday, April 2, 2025
Bain Capital, a global private investment firm, announced it signed a definitive agreement to acquire a controlling stake in Namirial, leading provider of Digital Transaction Management software solutions, from Italian private equity firm Ambienta. Namirial – headquartered in Senigallia, Italy – is renowned and trusted by customers for its comprehensive suite of digital solutions that include e-signature workflows, onboarding and digital identity ...
Strategic Partnership Between RAFINOR and MAGNOR
Wednesday, April 2, 2025
RAFINOR, Romania’s only gold refinery and the leader in the precious metals processing industry, and MAGNOR, the holding company that owns the most diversified trading platform for gold, electronics, and pre-owned luxury products, have entered into a strategic partnership to facilitate the purchase of investment gold directly from Romania. This partnership between two Romanian-owned companies brings significant benefits ...
Wellness Solutions estimates a 12% growth in 2025
Wednesday, April 2, 2025
Wellness Solutions, Romania’s largest distributor of home and commercial fitness equipment, estimates a 12% growth in 2025, following its product portfolio expansion and exclusive global brands partnerships. The company reported a turnover of 3.6 million EUR for 2024, with an increase of approximately 5% compared ...
Sphera Franchise budgets sales of RON 1.73 billion and investments of RON 100 million in 2025
Wednesday, April 2, 2025
Sphera Franchise Group (stock symbol SFG), the largest group in the food service industry in Romania, budgeted for 2025 increases for the main financial indicators. The company aims to reach restaurant sales of over RON 1,73 billion, up 12,1% compared to 2024, due to a combined effect of positive evolution of same-store sales and new restaurants. Profitability indicators are expected to improve significantly with an increase in net profit of 8.2%, to RON 105.2 million, and ...