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Companies
Romanian Post implements Robotic Process Automation (RPA) technology used by UiPath
Wednesday, May 10, 2023
The Romanian Post has implemented the Robotic Process Automation (RPA) technology used by UiPath at the Treasury Department, the company's general manager Valentin Stefan said on Thursday."We are going in two directions. One is to try to keep the traditions and values of the company going forward and secondly we are trying to bring everything modern. And to highlight this we have prepared two concrete examples of what we have done, what is being done in the company at the ...
Farmec to relocate production to a new factory in Apahida
Wednesday, May 10, 2023
Farmec, the largest Romanian manufacturer of cosmetics, intends to build a new production unit in Apahida commune, a total investment of over 40 million euros, for which the company aims to access individual aid from the Romanian state. Currently, most of Farmec’s production is concentrated near the central area of Cluj-Napoca, on Henri Barbusse street no. 16, but some of the products, including the range of deodorants, are manufactured in ...
Kubeark unveils new platform release to accelerate innovation at scale through sky computing
Wednesday, May 10, 2023
* Trailblazing software operations platform set to transform enterprise multi-cloud management, maximize technology ROI across the cloud landscape Kubeark, a next-generation platform specialized in software operations management, unveils its latest platform release that leverages the transformative potential of sky computing to empower enterprises to innovate and scale with unprecedented ease, regardless of their technology ...
Agricover Holding SA announces the approval of the offer prospectus by the Romanian Financial Supervisory Authority
Wednesday, May 10, 2023
Agricover Holding SA, a prominent player in the agribusiness market in Romania, announces that the Prospectus prepared for the Initial Public Offering (“IPO”) of up to 833,333,333 of newly issued and existing shares in the Company has been approved by the Romanian Financial Supervisory Authority (“FSA”) through the Decision no. 422 dated 3 May 2023. Thus, in the period 4 May – 16 May 2023, the Company will carry out together with ...
Mures City Logistics opens on over EUR-12 million investment
Wednesday, May 10, 2023
The most up-to-date industrial and logistics hub in Mures County, Mures City Logistics developed by Global Vision and Globalworth, opened on Thursday at Cristesti on an investment of over EUR 12 million. FrieslandCampina Romania will carry out logistics operations for the whole of Transylvania, being the first associate in this project."I have the honour and joy to present an investment worth over 12 million euros in the most up-to-date industrial and ...
The number of Romanian companies that prefer development through the franchise system increased by 30%
Wednesday, May 3, 2023
Franchwise, the leader in the franchises consulting market in Romania and in CEE, carried out an internal analysis according to which the number of Romanian companies (franchisors) that rely on development through the franchise system increased by 30% in the period 2020-2022 compared to 2019. Franchising has become one of the preferred business scaling methods for Romanian ...
Ziegler Group buys HS Timber Productions Sebes SRL from HS Timber Group, Austria
Wednesday, May 3, 2023
bpv Grigorescu Stefanica and bpv Hügel (Austria) advised Ziegler Group on acquiring HS Timber Productions Sebes SRL from HS Timber Group, Austria. HS Timber Productions Sebes SRL operates a sawmill and other industrial wood processing activities at the Sebes site with around 600 employees. The share purchase agreement between Ziegler Group and HS Timber Group was signed in April 2023. Closing is ...
Symmetrica expands the factory in Prejmer following EUR 7 million investment
Wednesday, May 3, 2023
Symmetrica, a local vibro-pressed paving and edging company, announces the completion of the expansion works of the factory in Prejmer, Brasov, following an important investment of 7 million euros. In this way, the company is consolidating its presence in the central area ofthe country, with the tripling ...
RDCC and British Romanian Chamber of Commerce to host annual ED&I in Eastern Europe Conference
Wednesday, May 3, 2023
The Romanian Diversity Chamber of Commerce (RDCC) and the British Romanian Chamber of Commerce will host the premier Equality, Diversity and Inclusion in Eastern Europe Conference. The half-day event will take place on 9 May 2023, at the InterContinental Athenee Palace Hotel in Bucharest and will connect senior diversity, equity and inclusion leaders from across the region to share best practices, insights and solutions for advancing ED&I in the workplace and ...
AROBS acquires Future WorkForce, consolidates its expertise in intelligent automation
Wednesday, May 3, 2023
AROBS Transilvania Software announces the complete takeover of the Future WorkForce Global (FWF) group from Cluj-Napoca, specialized in providing complex business process automation solutions. In addition to Romania, where it has offices in Cluj-Napoca and Bucharest, the group has subsidiaries in London, UK, and Munich, Germany. “The acquisition of the Future WorkForce Global Group represents ...
Coface: Numerous challenges for companies in CEE following increased number of insolvencies
Wednesday, May 3, 2023
The Central and Eastern European (CEE) region has undergone significant economic changes over the past three years. A great heterogeneity, various support measures and legal changes have impacted significantly the insolvency trends. The Covid-19 pandemic and subsequent economic downturn, as well as the economic impact of the war in Ukraine, have brought concerns not only on the macroeconomic activity and commodities markets but also on the companies’ payment ...
Profitability of Antibiotice Iasi, up by 38% last year
Wednesday, May 3, 2023
The Romanian manufacturer of generic medicines Antibiotice Iasi obtained sales revenues of 100 million euros in 2022 in the context of an increasing profitability by 38%, according to a company release, sent on Thursday.In the year 2022, the unprecedented increase in tariffs for the main utilities and fuels, as well as the implicit increase in the prices of raw materials, led to an alarming increase in inflation, against the background of the instability ...
Carrefour to take over Cora's operations in Romania
Wednesday, May 3, 2023
French group Carrefour is set to take over the operations carried out by the French-Belgian group Louis-Delhaize under the Cora brand in Romania in what is the largest transaction in food retail in recent ...
Study: Central and Eastern European employees hope to receive around 20-30% higher wages this year
Wednesday, April 26, 2023
Most employees in Central and Eastern Europe say they would need a 20-30% pay rise to cope with inflation, but between 60-77% say they have not been told of any increase by employers, according to a regional survey by Undelucram, one of the leading employee community networks in Central and Eastern Europe. The survey was conducted in Romania, the Republic of Moldova, Bulgaria, Hungary, and ...
Andrei Sarbu takes control of SVN Romania
Wednesday, April 26, 2023
Andrei Sarbu, CEO, and cofounder of real estate consultant SVN Romania, took control of the company, becoming its sole shareholder, by acquiring the stake held by Ionut Nicolescu, ex vice-president and cofounder of SVN Romania. The company started its activity on the local market in 2019, the two consultants having previously a experience of over 10 years each on the local real estate market. SVN ...
Conan PR closes 2022 with a revenue close to EUR 1 million
Wednesday, April 26, 2023
Romanian independent communication agency Conan PR is turning 13 in April 2023. With a portfolio of diverse clients from multiple industries, from Tech/IT or HR, to Retail or FMCG, both international and national entrepreneurial businesses, the agency has worked with over 100 brands and companies in 13 years. A review of 2022 and plans for ...
Dan Steel Group Beclean will be sold at auction
Wednesday, April 26, 2023
Dan Steel Group Beclean wire factory, one of the most important companies of steel industry in Romania, which has been in a bankrupt state since the beginning of the year, will be sold at auction with a starting price of 25.9 million euros plus VAT. CITR Cluj branch together with Prime Insolv Practice, as judicial liquidators, will organize the auction on April 28, 2023. The factory ...
Alsendo, backed by Abris, buys new business in Romania
Wednesday, April 26, 2023
The Polish company Alsendo, owned by Abris investment fund, one of the most active private investors in the local market, took over the Romanian company Ecolet, a logistic platform operating in the courrier service market, with solutions for e-commerce industry, in segments B2B and B2C. The platform, launched in 2019 also owned by Polish entrepreneurs, has been operating in Bulgaria ...
Antibiotice SA inks consultancy agreement with EIB for company's development
Wednesday, April 26, 2023
Antibiotice SA and the European Investment Bank signed a consultancy agreement regarding the strategic development of the company's industrial platform."Yesterday, April 19, in Luxembourg, high-level representatives of the European Investment Bank and the company Antibiotice SA signed a consulting services agreement whereby EIB experts, together with external consultants, will collaborate with Antibiotice SA experts to identify options of ...
ROCA Investments announces the sale of the port operator Romcargo Maritim
Wednesday, April 26, 2023
ROCA Investments, a brand founded by Impetum Group and a private equity company operating in Romania, announces the successful exit from Romcargo Maritim, after a 3-year restructuring process, in full pandemic context. Romcargo has today an estimated profit of 0.84 million euros, at the level of 2022. The shares held by ROCA Investments were recently acquired by one of ...