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Zitec ups turnover by a third in 2019

Wednesday, February 19, 2020

Zitec, one of the biggest Romanian IT & digital marketing companies, specialized in developing solutions and services for digital transformation, recorded a turnover of EUR 7 million in 2019, up by 34% compared to 2018. Over the last ten years, the company’s annual growth rate was 24% on average. In 2019, Zitec continued its strategic partnerships with clients that are undergoing a digital transformation process of ...

Number of companies to suspend operations in 2019, down over 22 percent

Wednesday, February 12, 2020

The number of companies having suspended operations in 2019 decreased by 22.16 percent compared to 2018, reaching 14,040, according to data published by the National Trade Register Office (ONRC).In December 2019, as many as 1,198 companies ceased their activity.Most companies that suspended their operations in 2019 were from Bucharest, namely 1,398, down by 26.3 percent compared to the previous year, the Capital being followed by the counties of Cluj (722 companies, ...

Study: The cost to recruit a single IT developer in Romania

Wednesday, February 12, 2020

Software Development Academy (SDA), an IT programming school for adults in the Central and Eastern Europe, estimates that companies in Romania invest a minimum 43,665 lei into the process of recruiting and onboarding a single IT specialist. The cost is expected to grow in the coming years, as the deficit of IT professionals will deepen further. SDA predicts that as by the end of 2020, the deficit of programmers and software testers in Romania will reach between 40,000 and 50,000 ...

OMV Petrom net profit down 11 percent in 2019, to RON 3.6 billion

Wednesday, February 12, 2020


OMV Petrom registered in 2019 consolidated sales of RON 25.48 billion, an increase of 13 percent compared to 2018, driven by higher sales volumes and prices for natural gas, higher sales volumes for petroleum products and higher prices for electricity, partially compensated by lower selling prices for petroleum products. Downstream Oil represented 72 percent of total consolidated sales, Downstream Gas accounted for 26 percent and Upstream for approximately 2 percent. The operating ...

VTEX to invest USD 4 M in Romania

Wednesday, February 12, 2020

VTEX international Cloud Commerce Platform, operating in 28 countries and which entered the Romanian market last year, intends to invest USD 4 million in its business in Romania, in the next 2 years. VTEX has allotted USD 1.5 M for investments this year and another USD 2.5 M in 2021. At the same time, the VTEX office based in Romania will be the company’s expansion center in Central and Eastern Europe. “The investments this year will help boost the ...

Vodafone Romania reports 2019 Q3 financial results, total revenue up by 2%

Wednesday, February 12, 2020


Vodafone Romania has announced the key performance indicators for the quarter ended December 31st, 2019, as reported today by Vodafone Group Plc. Following the acquisition of UPC Romania starting with 31st of July ...

Hammerer Aluminum Industries expands its presence in Romania

Wednesday, February 12, 2020

Norwegian company Norsk Hydro, one of the largest producers of aluminum worldwide, completed the sale of its Romanian factory to the Hammerer Aluminum Industries (HAI) of ...

Restaurant chain City Grill reports 13% higher sales in 2019

Wednesday, February 12, 2020

Romanian restaurant chain City Grill increased its turnover by 13% in 2019, to RON 187 (some EUR 39 mln), driven by investments in optimizing and improving the customer experience, which have led to a higher degree of loyalty and a higher frequency of visits. Over 11,000 customers are served each day in the group’s restaurants, 25% of whom are recurring customers who use the Out4Food loyalty app, according to the group’s representatives. Moreover, the number of ...

Michelin Romania to recruit over 300 people this year

Wednesday, February 12, 2020

Michelin Romania, part of the French Michelin group, wants to recruit over 300 people this year for all the activities managed locally, Ziarul ...

Drug store chain Dr. Max has rebranded under its own label all the Arta and Punkt pharmacies

Wednesday, February 12, 2020

International drug store chain Dr. Max has rebranded under its own label all the Arta and Punkt pharmacies it owns in Romania, and a small part of the Sensiblu chain as well - 418 units in total, Economica.netreported. The Dr. Max brand thus set foot in 93 Romanian cities as of February 10. The Sensiblu brand is still present in the market ...

Ara Shoes would close one of its two factories in Romania

Wednesday, February 12, 2020

German group Ara Shoes announced that it would close one of its two factories in Romania and cut the workforce at its second plant, in April this year. The factory to be closed, located in Simleul Silvaniei (Salaj county), employs 350-400 people. The second factory, located in Valea Lui Mihai (Bihor county), has 600-650 employees. The decision was prompted by the repeated hikes in the minimum wage in ...

Apex Alliance group wants to sell the Hilton Garden Inn hotel in the Old Town area

Wednesday, February 12, 2020

Lithuanian Apex Alliance group, one of the most active hotel developers in Bucharest over the last two years, is close to wrapping up the due diligence process for the sale of the Hilton Garden Inn hotel in the Old Town area, next to Romania’s National Bank (BNR) headquarters. The 210-room hotel, which is in its third year of operation, could be sold for around EUR 40 million to a “large international hotel company,” according ...

De’Longhi will open another factory in Romania

Wednesday, February 12, 2020


Italian group De’Longhi, which specializes in manufacturing coffee machines and other home electronics, has bought a 25,000-sqm industrial platform in Madaras, Bihor county, in Western Romania, where it will open a new factory. “The transaction is aimed at supporting the organic growth pursued by the group for the main markets, in accordance with the strategy of reducing the production time and delivery of the company's products, while maintaining the same high level of ...

ONRC: 134,220 individuals, legal entities registered with Trade Register Office in 2019, down almost 1pct

Wednesday, February 5, 2020

As many as 134,220 individuals and legal entities registered with the National Trade Register Office (ONRC) last year, down 0.97 per cent, compared with the previous year, 94,870 (70.68 per cent) of which were SRLs, according to the data centralized by this institution.Most registration were recorded in Bucharest, respectively 19,057 (minus 3.75% compared with 2018), and in Cluj - 6,537 (minus 11.96 per cent), Timis - 5,934 (minus 7.47 per cent) and Iasi - 5,426 ...

Number of dissolved companies down 0.81pct, in 2019

Wednesday, February 5, 2020

The number of dissolved companies dropped by 0.81 percent in 2019 compared to the same period of the previous year, to 34,080 units against 34,358 companies in 2018, according to the data centralised by the National Trade Register Office (ONRC).Most dissolutions were registered in Bucharest - 5,905 companies (down 12.09 percent compared to 2018) and in the counties of Timis (1,717, - 6.28 percent), Constanta (1,717, + 6.98 percent) and Cluj (1,640, - 11.83 ...

Anca Marcu appointed HR Director for Vodafone

Wednesday, February 5, 2020

Anca Marcu has been appointed HR Director and member of the Executive Management Team for Vodafone and UPC Romania, reporting to Murielle Lorilloux, CEO of the company, effective March 23rd 2020. Anca Marcu will replace Fragiski Melissa, who has decided to leave Vodafone at the end of February 2020 to pursue an external opportunity. Anca Marcu is joining Vodafone and UPC Romania from Lidl Romania, where she held the role of HR Director, being ...

Number of deregistered companies grows by 26.71 pct in 2019

Wednesday, February 5, 2020

The number of deregistered companies grew in 2019 by 26.71 pct, compared to the previous year, reaching 101,601, according to data of the National Office of the Trade Register (ONRC)Most closures were recorded in Bucharest - 12,554 companies (3.68 pct less than 2018) and in the counties of Iasi - 4,994 (plus 59.20 pct), Cluj - 4,009 (minus 0.37 pct), and Prahova - 3,617 (plus 37.01 pct).At the opposite end, the fewest deregistrations took place in the ...

Michelin certified as Top Employers Romania

Wednesday, February 5, 2020

Michelin Romania has obtained the Top Employers certification after a rigorous analysis of the Top Employers Institute of Netherlands, the most prestigious award in this branch. Each year, the Top Employers Institute conducts a thorough analysis process, looking at parameters such as strategies for identification, recruitment and integration of talent, workforce planning practices, policies for on-boarding new employees, learning and development ...

Giulio Bertola, the new Confindustria Romania president

Wednesday, February 5, 2020

Giulio Bertola, an Italian investor present in Romania for over 20 years, has taken over the management of Confindustria Romania for 2020-2022. His name is related to the internationalization of numerous Italian multinational companies in Romania in such sectors as energy, transports and industry. Italy has been for over 10 years the main state that is investing in Romania on the number of registered companies. At the end of 2019, Italy was also the ...

ARIR has published the first VEKTOR results – measure of the communication of listed companies with investors

Wednesday, February 5, 2020


The Romanian Investor Relations Association (ARIR), with the support of the Bucharest Stock Exchange (BVB), ...

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