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Mogo Romania, a company within the international fintech Eleving Group, announces a new General Manager
Wednesday, April 27, 2022
Specialized in car financing and part of the international fintech Eleving Group, Mogo Romania announces the appointment of a new General Manager. With 15 years of experience in consumer and business financial services, Ionu? Badiu has joined the team of the financier starting March of this year and has as a principal objective the development of operations in the local market. With over 12,000 ...
TeraPlast Group posts 58 pct growth in Q1 turnover
Wednesday, April 27, 2022
TeraPlast Group posted a Q1 turnover of 170.5 million RON - by 58 percent higher - mainly due to the start of production in new investment capacities, the company said in a Tuesday release."The net profit was 6.8 million RON, less than in the same period last year, yet a good result given the economic conditions completely different from 2021. The decrease from the record-high profit of Q1 2021 was the effect of the relative narrowing of the margin in the ...
Liberty Galati unaffected by French authorities' probe into GFG Alliance
Wednesday, April 27, 2022
The French authorities' recent raid on the Paris offices of GFG Alliance and the GFG-owned Dunkirk aluminum smelter has no impact whatsoever on the activity of the Galati-based Liberty steel mill, a GFG spokesperson said."The action of the French authorities has no impact whatsoever on the activity of Liberty Galati, which recently reported very good production results, having anticipated and successfully settled potential supply problems caused by the situation ...
Orange Romania: financial results for the first quarter of 2022
Wednesday, April 27, 2022
The Orange Group announced the financial results for the first quarter of 2022, available on March 31. Between January and March, the Orange Romania Group achieved a consolidated turnover of 384 million euros. The market dynamics in Q1 2022 is reflected by the increase in equipment sales, despite the unfavorable global context caused by the lack of stocks, but also by the decrease in revenues from services, caused ...
EvoMAG expects 20% rise in decoration, DIY product sales in 2022
Wednesday, April 27, 2022
Romanian retailer EvoMAG expects a 20% increase in sales of home, decoration and do-it-yourself products this year as it doubles to 20,000 its product range in these categories, the company said. EvoMAG did not specify whether the projection refers to its sales volume or sales value, nor did it provide comparative figures. EvoMAG registered an ...
Lensa reported last year sales of 16 million euro,up by 50%
Wednesday, April 27, 2022
” Lensa, an optical store in Romania, ended 2021 with sales of EUR 16 million, up 50% compared to the previous year, reaching a cumulative turnover in the 8 years of existence of EUR 37,3 million. Following a total investment of about EUR 2 million, Lensa opened in 2021 eight new stores in Romania, equipped with optometric cabinets of its own and ended the year with a network of 15 showrooms nationwide,” the company announced. ...
Over 11,220 companies deregistered in first two months of 2022
Wednesday, April 27, 2022
The number of companies deregistered nationwide increased by more than 17% in the first two months of this year, compared to the same period last year, to 11,227, according to statistics from the National Trade Register Office (ONRC).Most write-offs were registered in Bucharest - 1,659 (10.38% more than in the same period in 2021).By areas of activity, the highest number of write-offs was recorded in wholesale and retail trade, repair of motor vehicles ...
More than 60% of eastern European companies believe business has returned to pre-pandemic levels
Wednesday, April 27, 2022
Internationally, more than 50% of survey respondents believe that the Covid-19 pandemic has managed to have a positive effect on business Over 90% of respondents in Eastern Europe estimate that they will face difficulties in terms of the workforce; Over 60% of them believe that a predominant risk will be the disruption of supply chains ...
Bosch Engineering Centre extending to include Bucharest City
Wednesday, April 20, 2022
The Bosch Engineering Centre is extending its development activities to include Bucharest City, where engineers will work on state-of-the-art projects to develop solutions in the areas of automated, electric and connected mobility, under a hybrid and flexible work model, the company announced in a statement on Monday."The Bosch Engineering Centre in Cluj has steadily increased its development activities in recent years. It owns various global projects and ...
Romarm estimates double income this year, of 287.4 million lei
Wednesday, April 20, 2022
The national company Romarm estimates total double income this year, of 287.4 million lei, for a profit worth 700,000 lei and prepared investments of 13.94 million lei. The Romanian government approved on Thursday the government decision regarding the income and expenses budget for 2022 of the National Company Romarm, under the authority of the ministry of ...
Competition Council has authorized the takeover of Hoffmann by the SFS International Group
Wednesday, April 20, 2022
The Competition Council authorized the transaction by which SFS International AG Group, Switzerland, took over Hoffmann SE, Germany, and its subsidiaries, the authority informed on Friday.In Romania, the SFS Group is present through Heco Schrauben SRL, which operates in the production of screws, and the Hoffmann Group is active through its subsidiary, Hoffmann Industrial Tools SRL, active only in the distribution of tools, and has no local ...
Drug maker Antibiotice plans to double business turnover by 2030
Wednesday, April 20, 2022
The development plan of Antibiotice Iasi to 2030 will lead to a doubling of its current business turnover and to a rate of return three times higher, said Paula Coman, the economic manager of the company, at the official opening of a trading session on the Bucharest Stock Exchange (BVB) dedicated to the 25th anniversary of Antibiotice stock being traded on BVB."These are 25 years that have meant a transparent development for us. In 25 years, we became much ...
IT group YASH expands to Romania
Wednesday, April 20, 2022
YASH Technologies, an Indian provider of consulting, technology and outsourcing services, with 8,000 employees, 40 campuses on all continents, and more than 50 technology centres and more than 70 customers in the Top Fortune 500, launched operations in ...
Software engineering company Spyrosoft Solutions opens an office in Romania
Wednesday, April 20, 2022
Software engineering company Spyrosoft Solutions from Poland opened at the beginning of April a local office in Timisoara, in Vox Technology Park, where it leased 400 sqm of office space. Spyrosoft is specialised in the automotive segment, developing and implementing the bespoke software as well as providing support and consultancy in the field of software solutions destined for the auto industry. The company recently ...
Liberty Galati reports highest output in 12 years
Wednesday, April 20, 2022
Liberty Galati, the integrated steel mill formerly known as Sidex, produced a record amount of steel products in 2021 - 2.4 mln tonnes, the highest since 2010, the company's representatives announced. Furnace no. 5 produced 2.1 mln tonnes of liquid cast iron in 2021, the highest level since 1978 when it was put into operation. The ...
DIY retailer Dedeman buy one-third of pharmacy chain Tei
Wednesday, April 20, 2022
Tei Group, a major player in the Romanian pharmaceutical retail and Paval Holding, the investment vehicle controlled by ...
Julius Meinl is expanding its Romanian chocolate maker Kandia
Wednesday, April 20, 2022
The largest Romanian chocolate manufacturer Kandia Dulce, owned by Austrian group Julius Meinl, has initiated the procedures to increase by about 30% the production capacity of its factory in Bucharest and double the storage capacity. The factory owner aims to increase the area of the production facility by about 2,400 square meters, to about 7,200 square meters, and the area of the storage hall by ...
ONRC: Number of forex start-ups in Romania advances 21.7pct, Jan.-Feb., 2022
Wednesday, April 20, 2022
The number of start-ups established on foreign capital in Romania increased in the first two months of 2022 by 21.7%, y-o-y, to 977, according to data with the National Companies Registry Office (ONRC).The 977 new companies had a total subscribed share capital of 4.666 million US dollars, down 57.4% from 10.94 million US dollars in January-February 2021.In February 2022, 537 companies with foreign participation in the share capital were ...
Husqvarna estimates a turnover of 25.5 million euro in Romania this year
Wednesday, April 13, 2022
The local subsidiary of the Swedish producer of equipment for maintaining green spaces – Husqvarna – reported business worth 24 million euro in 2021, up by 13% against 2020. Until the end of the year, the company estimates business of 25.5 million euro in Romania and prepares investments of almost 2 million euro by opening three new shops. ‘It is about investments of almost 1.8 million euro’ the company ...
Holde Agri Invest acquires a 12,000 hectares farm in Dambovita county
Wednesday, April 13, 2022
Holde Agri Invest, a Romanian company operating farmland, announces the completion of the acquisition of a new farm in Dâmbovi?a County, Contesti ...