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Safetech Innovations starts trading on BVB's alternative market
Wednesday, February 3, 2021
Romanian cybersecurity company Safetech Innovations [BSE:SAFE] started trading on AeRO, the alternative market of the Bucharest Stock Exchange (BVB), the bourse announced on Friday. "The Bucharest Stock Exchange remains at the center of our strategy for the coming years. We have ambitious plans for the future, and we are confident that, following today's listing, we will be able to grow at an even ...
Atu Tech to allocate 1 million Euro for business development, in 2021
Wednesday, February 3, 2021
The online security system store Atu Tech will allocate 1 million Euro in 2021 for business development support, according to a press release sent by the Romanian company."The company continues, thus, the investment plan started last year, when it allocated over 2 million Euro, as a part of a 2-year investment strategy, meant to bring the business to a new level. So, in 2021, the company will continue the investment in its new logistic headquarters and in ...
Datacor eyes 15% rise in turnover in 2021
Wednesday, February 3, 2021
Romanian integrator of intelligent infrastructure solutions Datacor said on Thursday it plans to launch its products on the European market and expects a 15% rise in turnover this year, to 51.75 million lei ($12.86 million/10.62 million euro). The main objectives for the company in 2020 were to develop the necessary capabilities in order to be able this year to launch its products on the European market and maintain ...
ARIR: 15 listed companies receive over 9 VEKTOR 2020 evaluation, double from 2019
Wednesday, February 3, 2021
The Romanian Investor Relations Association (ARIR) published for the VEKTOR indicator for the second time, for the companies listed in the Regulated Market within the Bucharest Stock Exchanges (BVB)'s website.According to ARIR, VEKTOR is the communication indicator with investors for the companies listed in the stock exchange and is calculated based on a methodology which includes 15 criteria, in line with the best international practices in relation with ...
TechAngels Romania invests approximately 4 million euros in 75 startups in 2020
Wednesday, February 3, 2021
TechAngels, the largest network of angel investors in Romania, has invested approximately 4 million euros in 75 startups during 2020, 60 of which are completely new entries in the association's portfolio while the remaining 15 benefited from the contribution of investors in 2019, informs a press release of the group.Currently, TechAngels' portfolio includes 175 startups in a variety of fields, but all are focused on technology-based ...
Emerging Europe M&A 2020 activity dampened but far from snuffed out
Wednesday, January 27, 2021
M&A activity in emerging Europe took a hit in 2020 as a result of the coronavirus pandemic with the volume of deals reaching its lowest levels in the past 10 years. There were 1,705 deals with a combined value of EUR 60.80bn, down by 12.9% and 16% respectively from 2019. In spite of the ongoing restrictions, the market showed signs of recovery towards the end of the year, producing the highest fourth-quarter deal value (EUR 24.28bn) since ...
Survey: About 60 pct of companies plan to resume in-office work in March
Wednesday, January 27, 2021
About 60 percent of companies plan to resume in-office work in March, while 40 percent of employees say they did longer hours and were more productive working from home than at the office, shows a survey conducted at the end of 2020 by Undelucram.ro, an online community that offers reviews about employers, wages or the working environment in companies."17 percent of the companies (particularly shops/factories) returned to work at the facilities at the end of ...
Vitacom Electronics estimates a turnover growing by 10% this year, from 60 miillion lei in 2020
Wednesday, January 27, 2021
The importer and distributor of electronic products and accessories Vitacom Electronics estimates a turnover growing by 10% this year, from 60 million lei in 2020 and plans to move to a new logistic centre in Cluj-Napoca. ‘Vitacom Electronics finished 2020 with a turnover of approximately 60 million lei and a quarter of the sales came from the online environment. The company estimates for 2021 ...
VTEX will invest 10 million euro, over the next two years in the region, and will hire thirty people in Romania
Wednesday, January 27, 2021
VTEX, a completely integrated solution for commerce, marketplace and Order Management System (OMS) announced on Monday that they will invest 10 million euro, over the next two years in the development of the region coordinated from Romania, out of which three million euro for this year, and the present team of fifteen at present will be extended to 45 at the end of the year. The investments will cover the ...
M&A global activity expected to accelerate in the next six to twelve months
Wednesday, January 27, 2021
Global Mergers & Acquisitions activity is expected to accelerate in the next six to twelve months due to low interest rates, a desire to acquire innovative, digital or technology-enabled businesses, and an abundance of available capital in the market, according to the PwC Global M&A Industry Trends report. Companies have over USD 7.6 trillion available in cash and marketable securities, and investment funds have accumulated USD 1.7 ...
Tremend opens Luxembourg office to supervise projects for EU
Wednesday, January 27, 2021
Romanian IT solutions provider Tremend has opened an office in Luxembourg that will focus on expanding the portfolio of projects with the European Commission and other international institutions. In 2020, 13.5% of the company's turnover came from projects for the European Commission. Tremend also estimates EUR 7 million revenues from this vertical in ...
Fortress to enter Romania’s logistics market
Wednesday, January 27, 2021
South African investment fund Fortress, which owns 23% of NEPI-Rockcastle already active on the Romanian real estate market, is close to acquiring ELI Park 1 logistics park in Chitila. According to sources in the real estate market, local companies Element Industrial and Dedeman, which jointly developed the logistics park, are in advanced talks to sell the project to the South African ...
Safetech Innovations listed on Aero-SMT market of Bucharest Stock Exchange
Wednesday, January 27, 2021
The shares of Safetech Innovations cyber security company will be in transaction on January 29, on Aero market SMT under the symbol SAFE. The company will enter Aero market with an anticipated capitalization of 12.5 million lei (2.6 million euros). That was calculated based on the price of the private placement made by Safetech Innovations in October 2020, which attracted 2.5 million ...
MAM Bricolaj sees 50% growth at its debut on the Bucharest Stock Exchange
Wednesday, January 27, 2021
Romanian do-it-yourself retailer MAM Bricolaj, founded and controlled by local entrepreneur Cristian Gavan, recorded an increase of over 50% of its share price at its debut on the Bucharest Stock Exchange. The company, which raised about EUR 1.7 mln from local investors through a private placement at the beginning of September 2020, reached a market capitalization of RON 51.8 mln (EUR 10.6 mln) after ...
CONAF: 44 percent of companies have three or more women at highest level
Wednesday, January 27, 2021
Roughly 44% of companies have three or more women at the highest level, unlike four years ago, show the market analyses conducted by McKinsey & Company, globally, as presented by CONAF - National Confederation for Female Entrepreneurs."Women should also be promoted in state-owned companies, following the private milieu model, for top management positions and as members of the boards of directors," said Cristina Chiriac, CONAF ...
Romanian state to take over l COS Targoviste in exchange for unpaid taxes
Wednesday, January 27, 2021
The Romanian Government plans to take over the only producer of rebar in the country, COS Targoviste, which has been under insolvency procedures since 2013, in exchange for its debt to the budget. The reorganization program, proposed by the company's main creditor, awaits approval from the other ...
EAD, Portuguese digital archiving Company enters the Romanian market
Wednesday, January 27, 2021
EAD – Empresa de Arquivo de Documentação SA, a Portuguese company operating in the field of digital archiving, is coming to Romania, the first foreign market in which the company expands its activity, and appoints Bruno Amaro as Country Manager. What differentiates EAD in the market for digital archiving solutions are its solutions that transform the physical workflow of documents ...
The sale of TeraSteel and Wetterbest received the agreement from the competition authority of the European Commission
Wednesday, January 20, 2021
The European Commission agreed on 12th January the sale trading of TeraSteel and Wetterbest to Kingspan Group. The TeraPlast group, the biggest Romanian producer of construction materials, announced in July 2020 that he signed an agreement with the Irish from Kingspan Group for the sale of the Steel division, estimated at 410 million lei. ‘The European Commission agreed on 12th January with the sale trading of TeraSteel and Wetterbest to ...
Macromex is investing EUR 15 million in a new high-tech distribution centre
Wednesday, January 20, 2021
Macromex, leader in the food industry in the temperature-controlled segment, announces the construction of the second warehouse, Corso Distribution Center, located in Chitila. The cost of the investment amounts to EUR 15 million and is financed both from personal funds and from a long-term investment loan offered by Alpha Bank Romania. The new warehouse covers an area of 10.000 sqm and consists of the storage area for frozen food, the one for refrigeration and an ...
Cristiana Belodan joins Oxygen as the new Strategy & Transformation Director
Wednesday, January 20, 2021
Cristiana Belodan, one of the top Romanian executives in advertising, joins Oxygen as Strategy & Transformation Director. Her responsibilities include integrating all resources under the company’s new positioning as a full-service agency, developing and strengthening Oxygen’s services, as well as managing ...