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Shipyard Orsova gets EUR 9 mln orders from the Netherlands

Wednesday, June 16, 2021


BVB listed Orsova Shipyard (SNO) in Romania announced that it concluded two contracts for the construction and delivery of two river vessels, worth a total of EUR 5.22 mln.   The clients are the Dutch companies Rensen-Driessen Shipbuilding and TEAMCO Shipyard. The delivery terms are July 31, 2022, respectively March 31, 2022, in Rotterdam.   Last week, the company announced the conclusion of two other contracts for the construction of two river-type ...

16% increase in revenues in the first 5 months of 2021 for Gopet Romania

Wednesday, June 16, 2021

Gopet Romania, the freight forwarding company with almost 20 years of activity on the Romanian market, ended 2020 with a turnover of 32.3 million euros. Although the markets are still unpredictable, the first 5 months brought an estimated 16% increase in revenues for Gopet Romania, compared to the same period in 2020, which demonstrates the company’s ability to adapt to the context created by the pandemic, as well as the returning of a strong demand for transportation services on ...

Endava Romania reports RON 764.1 million revenue in the fiscal year of 2020

Wednesday, June 16, 2021

Endava Romania, the British software company present on the local market, with seven delivery centers, reported a revenue of 764.1 million RON in the financial year that ended on 31 December 2020, a 29% growth compared to the previous year. The company also reported a net profit of 73,7 million RON, 19% up from the last year.   This growth resulted from continuously developing all the delivery centers in Bra?ov, Bucharest, Cluj-Napoca, Ia?i, Pite?ti, Târgu ...

MedLife buys 10% residual stake in Panduri Medical

Wednesday, June 16, 2021

The Romanian BVB-listed private medical service provider MedLife (M) bought the residual 10% stake of Panduri Medical Center.With this, it became the sole owner of the company after it purchased the 90% majority stake five years ago. Panduri Medical Center, active for 14 years on the medical market, includes two clinics and a central laboratory.   MedLife expanded to a large extent by takeovers, with 31 medical service providers and pharma businesses ...

KPMG Guide on Posting of Workers 2021

Wednesday, June 16, 2021

KPMG in Romania has released the sixth edition of its “Guide on Posting of Workers” which includes detailed information on the changes brought by the new Posting Directive in each member state.   Even though 2020 pulled the brake on international mobility as we knew it, it also brought new requirements in terms of international postings, as EU member states had to implement Directive 2018/957/EU into their domestic legislation. Romania ...

The turnover of the Farmexim group/Help Net has increased last year by 12% at 734.2 million euro

Wednesday, June 9, 2021


The Farmexim group/Help Net part of Phoenix Group had last year a turnover of 734.2 million euro, up by 12% against the previous year.    ‘The Farmexim group/Help Net, part of Phoenix Group contributed positively to the good results of the German company, registering in 2020 a turnover of 734.2 million euro, which is an increase of 12% against the previous year. For the Farmexim/Help Net, 2020 was one of intense growth, both organically and ...

Competition Council to assess takeover of Omniform's local ops by Proplast Group

Wednesday, June 9, 2021

Competition Council  said that it will consider the agreed takeover of the local operations of Belgium's Omniform Group by French group Proplast.   In order to determine whether the concentration is compatible with the normal competition environment, the Competition Council will consider the notified transaction under the merger regulation, the anti-trust body said in a statement on ...

ONRC: Number of companies deregistered up 43 pct in first four months of 2021

Wednesday, June 9, 2021

The number of deregistered companies nationwide increased by 43.46 pct in the first four months of 2021, compared to the same period of last year, to 21,776 deregistrations, according to statistics from the National Trade Registry Office (ONRC).Most deregistrations were registered in Bucharest - 3,434 (plus 64.38 pct compared to January-April 2020) and in the counties of Timis - 1,013 (plus 62.18 pct), Constanta - 951 (plus 33.19 pct) and Cluj - 942 (plus 38.53 ...

Digital transformation company Connections plans massive investments for offshore expansion

Wednesday, June 9, 2021

Bucharest-based tech company Connections is planning investments of up to one million euros to expand in the coming 3 - 5 years its business to the US, Northern Europe and the Middle East, company representatives said in a release .An important pillar for this bold move to foreign markets is getting listed on the Bucharest Stock Exchange this year, together with retail broker TradeVille, company representatives added."Connections has built its expansion plans ...

Recommerce Group Buys Romanian Start-Up Fenix.Eco

Wednesday, June 9, 2021

Recommerce Group, one of the most important players in the refurbished smartphone sector in Europe, operating in 24 countries, is acquiring fenix.eco, a Romanian start-up founded 14 months ago. The transaction will be legally concluded in July. Through this acquisition, Recommerce is enhancing its positions on the local market and is expanding in Eastern Europe.   Discussions between fenix.eco and Recommerce started at the end of ...

eMAG books 8.93 bln lei (1.8 bln euro) revenues in 2020

Wednesday, June 9, 2021

Online retail group eMAG said that it booked 8.93 billion lei ($2.2 billion/1.8 billion euro) revenues in 2020.   The results confirm a first stage of accelerated ecommerce development and reflect investments in technology, logistics infrastructure, international development and in the marketplace, eMAG Group said in a press release.   The group provided no year-on-year comparison but according to ...

Lidl overtakes Kaufland as biggest retailer in Romania

Wednesday, June 9, 2021

German discount supermarket chain Lidl took over discount hypermarket chain Kaufland as the biggest retailer in Romania by turnover in 2020. Both Lidl and Kaufland are part of the German group Schwarz.   Lidl, which entered the Romanian market ten years ago by taking over local supermarket network Plus, reached increased its business by a third in 2020 compared to an 8% increase for Kaufland. Lidl thus reached a turnover of RON ...

ONRC: 55,538 natural and legal persons, registered in first four months of 2021

Wednesday, June 2, 2021

The number of registrations business entities, both natural and legal persons, increased in the first quarter of 2021 by 86.49 pct, to 55,538, compared to the similar period of the previous year, of which 37,701 are limited liability companies (SRL), according to the data centralized by the National Trade Register Office (ONRC).Most registrations were reported in Bucharest, namely 8,480 (plus 69.23 pct compared to January-April 2020), and in the following ...

ONRC : Over 9,100 companies were dissolved in the first four months of this year

Wednesday, June 2, 2021

The number of dissolved companies has increased by 8.82% in the first four months of 2021,as compared to the same period of the previous year, at 9.109 against 8,371 between January and April 2020, according to the data centralised by the National Office of the Trade Registrar (ONRC).Most dissolutions were registered in Bucharest, namely 1,708 companies (up by 12.15%) and in counties Iasi (445, plus 68,56%), Timi? (427, minus 5,53%), Constan?a (406, minus ...

More than 13,400 SMEs registered in SME Invest portal by May 31, requesting 17,000 loans

Wednesday, June 2, 2021

 A number of 13,453 SMEs have registered in the SME Invest portal by May 31, requesting 17,000 loans, of which 13,967 are related to the Invest programme, with a value of financing approximately 16 billion lei, and within the Agro sub-programme there are requirements for 2,849 loans, with a financing value of 4.3 billion lei, informs on Monday the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM).According to a statement from the ...


Wednesday, June 2, 2021

Sustainability targets lead multinational companies to access recycling services   According to EAD data, the largest Portuguese player in the digital archiving market, also present in Romania, multinational companies concerned with sustainability and environmental protection are increasingly interested not only in digital archiving services, but also in document ...

More than 2,000 companies and authorised persons, insolvent in first four months of year

Wednesday, June 2, 2021


The number of companies and authorized persons having become insolvent increased by 44.25% in the first four months of this year, compared to the same period in 2020, with 2,008 registered insolvencies, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and authorised persons were registered in Bucharest, namely 414, up by 189.51% compared to January-April 2020.By fields of activity, the ...

Akcent Development Group recorded a turnover of 48 million euros in 2020

Wednesday, June 2, 2021

The Akcent Development Group, active on the residential and office segments of the real estate market in Bucharest, recorded a turnover of 48 million euros in 2020, an increase from the previous year, amid the completion and sale of a ...

Chimcomplex’s shares climb on strong Q1 results

Wednesday, June 2, 2021

Romanian chemical group Chimcomplex (CHOB) posted a 62% increase in sales in the first quarter of 2021 (Q1) compared to the same period of 2020 to RON 497 mln (over EUR 100 mln). ...

Telekom Romania launches the chatbot ANA, to offer HR support to employees

Wednesday, June 2, 2021

Telekom Romania announces the launch of the chatbot ANA, a virtual assistant that has the role of automating the management flows of internal human resources activities and providing "self-service" support for employees. The chatbot was implemented by Future WorkForce, a company specialized in business process automation, and is based on DRUID technology, which develops virtual assistants (chatbots) for Enterprise ...

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