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Innobyte estimates a turnover of 2 million euros in 2021

Wednesday, February 24, 2021

Innobyte, a Romanian software development company specialized in eCommerce, ended 2020 with a turnover of EUR 1.8 million, 55 percent higher than in 2019. The favorable context and dynamics of online offer premises for maintaining the growth trend. For 2021 the company’s representatives estimate that Innobyte will exceed the turnover of EUR 2 million, and EBITDA will reach EUR 460,000.   The development of the ...

Essa Group plans EUR 2 M investment in Q1 2021

Wednesday, February 24, 2021

ESSA Group, a player in trade marketing and sales services on the Romanian market, has several ongoing projects to consolidate its business lines, after a year full of challenges – 2020, where the whole business had to be recalibrated and proper actions needed to be taken according to the pandemic context. Founded a decade ago by Eugen Saulea, ESSA Group reported a turnover of 15 million euros in 2020, 5% more compared to the previous ...

Chamber of Deputies, Senate heads, meeting with IVECO representatives: Investments, current governing coalition's priority

Wednesday, February 24, 2021

 Senate President Anca Dragu and Chamber of Deputies Speaker Ludovic Orban had a meeting with the representatives of IVECO in Parliament on Friday, on which occasion it was emphasized that investments are a priority for the current governing coalition."Today, in Parliament, together with the Senate President, Anca Dragu, we had a meeting with the representatives of IVECO, a company that decided, in a difficult period, related to the coronavirus pandemic, to ...

Impact announces record revenues of 42,7 million EUR for 2020

Wednesday, February 24, 2021

Impact Developer & Contractor closed the year 2020 with revenues from the sale of real estate properties worth 42,7 million EUR, up 29,4% compared to 2019, representing the best result of the developer in the last decade. In a pandemic year, the company sold a total of 369 units (31,191 sqm built area), out of which 205 were contracted in Greenfield Residence ...

Carrefour reports 2.1% like-for-like sale increase in Romania

Wednesday, February 24, 2021

French group Carrefour announced its sales in Romania rose by 3.6%, or 2.1% like-for-like (filtering out the effect of new stores), to EUR 2.3 billion in 2020.   In the fourth quarter of the year, Carrefour's local sales increased by 3.6% year-on-year to EUR 656 ...

Josephine Payne to lead Ford production operations in Romania

Wednesday, February 24, 2021

 Ford announced on Thursday the appointment of Josephine Payne as chairman of Ford Romania and CEO of the Craiova Ford factory, starting with the 1st of April 2021.According to a press release sent by the company, Josephine Payne will be replacing Ian Pearson, who will step down from his professional activity, as of May 1st 2021, after 31 years spent within Ford Motor Company.Josephine Payne came to Romania in March 2018 from the Dagenham factory ...

DEICHMANN to open a new store in Colosseum Mall

Wednesday, February 24, 2021

Colosseum Mall signed with the German retailer DEICHMANN to open a 500 s qm store, as part of the current expansion plan of the commercial center.   The leader of the EU footwear market, with a network of over 100 stores across Romania, DEICHMANN comes one step closer to the community of North-West Bucharest, in an area of continous rising retail and residential ...

Farmaceutica Remedia reaches 37.7 million RON net profit in 2020

Wednesday, February 17, 2021


Farmaceutica Remedia ended 2020 with a net profit of 37.78 million RON, over 15 times larger than the one in 2019, of 2.441 million RON, according to the data sent on Tuesday by the Bucharest Stock Exchange (BVB).The total revenues increased to 483.115 million RON (452.522 million RON in 2019) and spending to 440.344 million RON (449.399 million RON in 2019).The company's turnover has dropped by 1.1 percent, from 446.411 million RON in 2019 to ...

Xerox appoints Jacques-Edouard Gueden EVP and President, EMEA operations

Wednesday, February 17, 2021

Xerox, a global workplace technology company, announced Jacques-Edouard Gueden as executive vice president and president of Europe, Middle East & Africa (EMEA) Operations, a role he has filled on an interim basis since the end of September. He reports to John Visentin, Xerox vice chairman and CEO.   “Jacques-Edouard will be responsible for Xerox’s go-to-market teams across EMEA to bring Xerox’s ...

In 2020, companies used only 20% of the amounts they budgeted for training

Wednesday, February 17, 2021

Digital Stack, the division of the Informal School of IT group, destined for the alternative education segment in the B2B sphere, relies on a return of companies’ investments in staff training in the context in which companies used only 20 % of the amounts they budgeted, focusing strictly on IT and digitization courses related to their core business.   Digital Stack is a division launched in September last year ...

Mandra Oil Factory for sale in eastern Romania

Wednesday, February 17, 2021

Mandra Oil Factory, the former Barlad Oil Enterprise, is seeking investors to put its assets back into operation and develop, insolvency house CITR ...

UiPath, the only Romanian Unicorn ranks in 26th place with a valuation of USD 10.20 billion

Wednesday, February 17, 2021

Data researched by Trading Platforms UK, indicates that the global unicorns are now cumulatively valued at $1.7 trillion as of January 2021. The valuation is for the 528 total global unicorns. With a cumulative value of $410 billion, the top ten ...

Medicover ups business in RO by 7.5%

Wednesday, February 17, 2021

Swedish medical services provider Medicover, which operates in Romania through the Medicover clinics network, the Medicover and Pelican hospitals, and the Synevo test laboratories, reached a turnover of EUR 128 mln on the local market in 2020, up by 7.5% compared to 2019.   Romania thus remains the group’s third-biggest market in terms of revenues, after Germany and ...

Fan Courier‘s revenues exceeds EUR 200 mln driven by pandemic

Wednesday, February 17, 2021

The revenues of leading Romanian courier company FAN Courier exceeded the threshold of RON 1 billion (EUR 200 mln) in 2020, after surging by over 27% compared to the previous year, due to the increase in activity generated by the ...

 iHunt ups sales by 71% in 2020

Wednesday, February 17, 2021

Romanian smartphone producer iHunt (HUN), one of the fastest-growing companies listed on the Bucharest Stock Exchange, increased its turnover by 71% last year, to RON 42.6 mln (EUR 8.78 mln), according to its preliminary financial report. The net profit went up almost ten times compared to 2019, to RON 6.15 mln (EUR 1.27 mln).   The growth in online retail as well as ...

SmartDreamers aims to accelerate its expansion in the North American market

Wednesday, February 17, 2021

SmartDreamers, a Romanian company that develops recruitment automation software, has appointed Tom Strauss as Vice President of Sales for the Americas, effective February 15.   With this appointment, SmartDreamers aims to accelerate its expansion in the North American market.   Tom Strauss previously worked for iCIMS, and its subsidiary, ...

Thodoris Dimopoulos is the Novartis Group’s new country president In Romania

Wednesday, February 10, 2021

Novartis Group in Romania announced that Thodoris Dimopoulos has been appointed Country President. Thodoris Dimopoulos is currently Sandoz Country Head Romania and Head Sub-Cluster East. He takes over the role, on top of his current responsibilities, as of the 1st of February 2021. In the Country President role, he will work closely with the other Division Heads (Pharmaceuticals, Oncology, Sandoz) to build Novartis’ reputation externally, whilst divisional independence will ...

TeraPlast has become member of European Plastic Pipes and Fittings Association

Wednesday, February 10, 2021

TeraPlast SA, the parent company of the TeraPlast Group, has become a member of TEPPFA (The European Plastic Pipes and Fittings Association) since February, according to a company statement.As a member, TeraPlast becomes the only Romanian company part of a European community made up of the largest producers of pipes and fittings, suppliers of raw materials and national associations on the European plastic pipe market."Our presence at TEPPFA honors us and allows ...

Trade Register: Almost 52,000 companies deleted last year

Wednesday, February 10, 2021

 The number of companies deleted at a national level has gone down last year by almost 49%, in comparison with 2019, to up to 51,715 deletions, according to the National Trade Register Office (ONRC).On activity areas, the largest number of deletions was registered in the retail and wholesale commerce, vehicle and motorcycle repairs - 14,017 (minus 53,18% reported to 2019), constructions - 4,844 (minus 48.51%) and professional, scientific and technical activities - ...

Tesla opened the first office in Romania

Wednesday, February 10, 2021

US company Tesla has opened its first office in Romania. The new office is located on Calea Serban Voda, district 4, Bucharest.   Tesla, owned by one of the richest men in the world, Elon Musk, has more investment plans for Romania, as it intends to build more Supercharger charging stations in several cities in Romania, such as Timi?oara, Sibiu, Pite?ti and Bucharest. Other cities like Craiova and Braila could also reach the short ...

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