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Competition Council Approves Tenuta Odobesti Takeover By Cramele Recas & Mosconi Fabrizio
Wednesday, July 31, 2024
The Competition Council authorized the transaction through which Cramele Recas S.A. intends to take over the company Tenuta Odobesti S.R.L., together with Mosconi Fabrizio. Prior to the transaction, Mosconi Fabrizio fully owned Tenuta Odobesti. Cramele Recas is a wine producing company from Romania. The company is based in Recas, Timis county. The company is part of the Cramele Recas group, which carries out ...
Adobe Romania Reaches 1,200 Employees, Attracts New Projects In The Local Development And Research Center
Wednesday, July 31, 2024
While the IT sector is marked by discussions about layoffs, Adobe Romania, the company’s largest center in Europe focused on software product development, continues to expand its team in Romania and offer attractive salary and extra-salary benefits for IT specialists of all levels. During this period, the company’s goal, besides consolidating its current position in Romania as a center of excellence, is to provide stability and job security to its over 1,200 ...
Bucharest startup scene maintains positive outlook as economy grows
Wednesday, July 31, 2024
The startup ecosystem in Bucharest was valued at USD 37 billion last year, which made it one of the Top 10 emerging cities for entrepreneurship value creation, according to a Startup Genome report. At the same time, the city’s economy has continued to grow, with the Bucharest-Ilfov region’s GDP per capita being on track to meet the EU average of EUR 30,000. Even though Bucharest currently lacks a district that amasses startup founders, such a location is ...
Vodafone grows in Romania: More subscriptions vs. prepaid SIMs, growing revenues
Wednesday, July 31, 2024
Vodafone Romania had a 60% share of subscription contracts at the end of the quarter, compared to only 47% a year ago – the latest Vodafone Group reports. In concrete terms, more customers preferred to sign a subscription with the phone operator than to remain prepaid SIM users. Against the backdrop of this development – where customers have found a Vodafone subscription to have significantly greater benefits than a prepaid sim card or deals from ...
Competition Council authorises transaction by which Premier Energy takes over Eolica Dobrogea One
Wednesday, July 31, 2024
The Competition Council authorised the transaction by which Premier Energy PLC, Cyprus, intends to take over the wind energy producer Eolica Dobrogea One SA, the competition authority informs .Premier Energy is a holding company, active, mainly, in the field of production, commercialization and supply of electricity, in the field of commercialization of green certificates, distribution and supply of natural gas.Premier Renewable Invest Co, part of the Premier ...
Competition Council Suspects Sun Wave Pharma SRL Of Unfair Competition
Wednesday, July 24, 2024
The Competition Council carried out an unannounced inspection at the premises of Sun Wave Pharma SRL, a company active on the food supplement distribution market. The inspection took place as part of the in-depth investigation aimed at the possible violation of the rules on unfair competition by Sun Wave Pharma, which allegedly exerted pressure on the manufacturer Geltec Private Ltd. to stop supplying food supplements to Bleu Pharma SRL, its competitor on the ...
Perfume Brand NOVELLISTA Launches In Romania
Wednesday, July 24, 2024
The enter-niche perfume brand NOVELLISTA has entered the Romanian market as part of its expansion plans in the CEE region. NOVELLISTA’s launch in Romania aims to cater to the increasing demand for unisex perfumes, offering Romanian consumers an exclusive collection of high-quality fragrances designed to suit their unique personalities and scent preferences regardless of gender. According to internal brand reports, the Romanian ...
Global Vision Launches Its Own Investment Platform
Wednesday, July 24, 2024
Global Vision has announced its future plans after the landmark transaction with WDP Romania.“We are at a significant milestone in the evolution of Global Vision, which demonstrates the success we have been able to achieve in all our projects. In our 20 years in business, we have developed over 500.000 sq.m of top-class industrial and logistics projects that have become landmarks for major companies around the world. We are proud to announce this transaction with ...
Red Point Software Solutions Acquires Ness Technologies Romania
Wednesday, July 24, 2024
Red Point Software Solutions, the only SAP Platinum partner in Romania, acquires Ness Technologies Ro, part of Ness Digital Engineering, present on multiple markets globally. The acquisition comes as part of Red Point Software Solutions’ strategy to deploy SAP solutions in the cloud. Thus, the company seeks to strengthen its position on the local market by increasing the number of SAP specialists to support organizations in the digitization ...
STRABAG chooses Oxygen for PR services in Romania
Wednesday, July 24, 2024
Oxygn has been selected by STRABAG as its communications and public relations agency in Romania, following a selection process that started earlier this year. With its consolidated expertise in PR work for the construction industry and in-depth knowledge of the specificities of this sector, Oxygen has developed a customised campaign for STRABAG around its innovation and sustainability activities of the European construction group. STRABAG is one of the most respected ...
SGS Group acquires three new companies to strengthen its global position
Wednesday, July 24, 2024
SGS, a world leader in testing, inspection and certification, announces that it has entered into definitive agreements to acquire three additional companies as part of its M&A re-launch strategy: Gossamer Security Solutions (“Gossamer”) in the United States, and Analisis Quimico y Microbiologico SAS (“AQM”) and Cromanal SAS (“Cromanal”) in Colombia. Gossamer is a world-class ...
Tetra Pak announces new managing director for Eastern Europe
Wednesday, July 17, 2024
Tetra Pak announced the appointment of Alex Henriksen as the new Managing Director for East Europe, effective August 1st. He succeeds Lyndsey Loyden-Edwards, who will be transitioning to a new position shortly. Stepping into his new role, Alex will be responsible for Tetra Pak operations in 16 countries, including 7 sales offices. Alex Henriksen joined Tetra Pak in 1998 and has held several European and global ...
Gebrüder Weiss: 30 Years in Romania
Wednesday, July 17, 2024
The international transport and logistics company Gebrüder Weiss is celebrating 30 years of business in Romania this year. Started as a small freight forwarding agency in 1994, the company has undergone an impressive development in three decades and is now a well-known full-service logistics provider on the domestic market. During this period of time, the company has consistently invested in the development of its network of hubs, strategically located in the country’s areas of ...
Continental establishes EMC testing laboratory in Romania for in-vehicle components
Wednesday, July 17, 2024
Continental has invested in its Romania branch to enhance the testing of electromagnetic compatibility (EMC) for in-vehicle solutions, ...
Over 9k companies suspend activity 5 months into 2024
Wednesday, July 17, 2024
The number of companies that suspended their activity in the first five months of 2024 was 9,057, up 31.28% compared to the same period last year, according to data published by the National Office of the Trade Register (ONRC).Most of the companies that suspended their activity were from Bucharest, 1,078 (an increase of 24.48% compared to January-May 2023), followed by Cluj, with 541 suspended companies (an increase of 13.89%), Brasov - 412 (plus 32.48%), Iasi - 401 (plus ...
More than 40,000 firms were struck off the register nationwide in the first five months of 2024
Wednesday, July 17, 2024
A total of 40,026 firms were deregistered nationwide in the first five months of 2024, 37.88% more than in the same period in 2023, according to statistics from the National Trade Register Office (ONRC). The most cancellations were recorded in Bucharest, 6,056 (up 33.69% compared to January-May 2023) and in Cluj (1,999, +41.67%), Dâmbovita (1,680, +98.82%), Timis (1,588, +21.41%) and Constanta (1,502, +13.19%) ...
PepsiCo Romania inaugurates automated warehouse at Popesti-Leordeni Factory
Wednesday, July 17, 2024
PepsiCo, a global leader in the food and beverage industry, today announced the opening of an automated warehouse at its snacks factory in Popesti-Leordeni. This milestone marks the completion of a strategic investment project valued at over $100 million. This significant investment, first announced in 2022, included the addition of three new production lines at the snacks factory and the construction of the automated warehouse. The factory now has ...
One United Properties 2023 Sustainability Report: 14 Construction Sites, 900,000 sqm under development, and over 21,000 jobs created
Wednesday, July 17, 2024
One United Properties, the leading green developer and investor in residential, mixed-use, and office real estate in Romania, publishes its fourth voluntary Sustainability Report for 2023. The report highlights the Company's progress in key sustainability areas and covers vast environmental, social, and governance aspects. "As our business grows, so does the number of developments that transform the face of ...
FSA Approves Simtel Team Shares Transfer To Bucharest Main Market
Wednesday, July 17, 2024
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and national leader in renewable energy, announces that the Financial Supervisory Authority (FSA) has approved the prospectus for the admission to trading of SMTL shares on the Main Market of the Bucharest Stock Exchange. “The transfer of SMTL shares to the Main Market of the Bucharest Stock Exchange represents an important ...
EY Romania:Romanian mergers and acquisitions down 6pct in H1
Wednesday, July 10, 2024
The Romanian mergers and acquisitions (M&A) market recorded 124 transactions in the first half (H1) of 2024, with a total estimated value of USD 2.3 billion, down 6% in volume compared to the 132 transactions, estimated at USD 3.7 billion, recorded in the similar period of 2023, according to an analysis by EY Romania sent on Friday.However, the specialists say, the value of the M&A market remained largely stable, if the acquisition of Enel Group's Romanian ...