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Sale publication of Donau Chem Industrial Asset
Wednesday, August 14, 2024
The undersigned, SIERRA QUADRANT BRANCH BUCHAREST SPRL, headquartered in Bucharest, Str. Traian no.2, Ans.Unirii, bl.F1, section 3, Fl.1, apt.3, sector 3, registration number RFO II-0393, CUI RO 25852407, email office.bucuresti@sierraquadrant.ro, as the judicial liquidator of DONAU CHEM SRL, headquartered in Turnu Magurele, ...
Telekom Romania Mobile in Q2 2024: total revenues of EUR 66.7 million and an increase in Postpaid subscribers base of 4,7% year-on-year
Wednesday, August 14, 2024
The Postpaid subscriber base grew by 4.7%, year-on-year, to a total of 1.951 million; Total base of customers at 3.60 million Telekom Romania Mobile recorded 1.951 million Post paid subscribers at the end of the second quarter of 2024, up 4.7% compared with the same period of last year, continuing the trend of subscribers’ base growth since Q4 2020. In the same period, the total ...
Companies with Next-Generation Supply Chain Capabilities Achieve 23% Greater Profitability, Shows New Research from Accenture
Wednesday, August 14, 2024
* Analysis also reveals alarmingly low supply chain maturity among many organizations with limited ability to benefit from AI and generative AI as a consequence. New research from Accenture (NYSE: ACN) finds that companies with the most mature supply chains are 23% more profitable than their peers. These leaders are six times as likely to use AI and generative AI widely across their supply chains, which allows them to generate additional business ...
DECATHLON brings to Coresi Brasov the first store in Romania with the new concept and brand identity
Wednesday, August 14, 2024
Decathlon, the leading European sports retailer, announces the reopening of its store in Brasov at a new location on the Coresi platform, in the immediate vicinity of the Coresi Shopping Resort. The store was built and will be managed by the real estate service provider Nhood Services Romania. This move marks a major transformation, as the Decathlon Brasov store becomes the first of the 31 stores in Romania to adopt the latest concept, launched globally by Decathlon in March 2024. The ...
One United Properties residential sales and pre-sales at EUR 123.3 ml in H1
Wednesday, August 14, 2024
Residential sales and pre-sales by real estate developer One United Properties amounted to EUR 123.3 million in H1 2024, with 452 apartments and commercial units with a total floor space of 43.809 sqm, 624 parking spaces and other types of property sold or pre-sold, the company said in a release.The commercial division of One United Properties continued to expand, with rental income reaching EUR 14 million in the first half of 2024, up 21 percent year-over-year. As a result ...
High-Impact Insolvencies Double In H1 2024 Due To Sales Drop, Debt
Wednesday, August 7, 2024
CITR, the operator on the insolvency and restructuring market in Romania, announces that the number of companies which initiated insolvency proceedings in the first half of the year increased to over 3,600, compared to 3,401 in the first six months of 2023. Out of these, 72 are high-impact companies, with assets of over EUR 1 million, compared to only 33 in the same period of last year. Regarding the number of restructuring applications via ...
Digi Buys 4th Telecom Operator In Portugal For €150 Million
Wednesday, August 7, 2024
The telecommunications operator Digi has signed a 150 million euro purchase agreement with the British Lorca JVCO for Nowo Communications, the fourth largest mobile and fixed telecommunications operator in Portugal, according to an announcement at the Bucharest Stock Exchange. Nowo Communications has 270,000 mobile and 130,000 fixed-line customers. Nowo also holds spectrum licenses in the 1800 Mhz, 2600 MHz and 3600 MHz frequency ...
Competition Council Reviews Kinstellar’s Acquisition Of Noerr Romania
Wednesday, August 7, 2024
The Competition Council is analyzing the transaction by which the Kinstellar Network, through Kinstellar SPARL, intends to acquire Noerr Romania, comprised of SPRL Menzer & Bachmann – Noerr and Noerr Finance & Tax SRL. The Kinstellar Network, which includes Kinstellar SPARL, is a regional network of law firms. Noerr Romania, composed of SPRL Menzer & Bachmann – Noerr, provides legal ...
Chimcomplex Announces The New Board Of Directors Structure
Wednesday, August 7, 2024
Chimcomplex, operating in the chemical industry in Romania, announced the new structure of its Board of Directors, elected at the Extraordinary General Meeting of Shareholders on July 31, reducing the number of members from 7 to 5 to streamline the decision-making process. The new composition of the Board includes four independent members. Three of them, Liviu Cojoc, Madeline Alexander, and Gabriel Tischer, have worked together with ...
Automobile Bavaria becomes the first authorized Rolls-Royce dealer in Romania since the foundation of the brand 120 years ago
Wednesday, August 7, 2024
Rolls-Royce Motor Cars has announced the appointment of Automobile Bavaria as an official dealer to be based in Romania. The new dealership is to be named Rolls-Royce Motor Cars Bucharest. As an authorized dealer, Rolls-Royce Motor Cars Bucharest will now have the ability to offer the full range of products and services directly. Clients in Romania will have even greater access to the Rolls-Royce portfolio and services, backed by the outstanding support and ...
Nestlé Romania Achieves 7.2% Organic Growth in H1 2024
Wednesday, August 7, 2024
Nestlé Romania has demonstrated resilience and strength in the first half of 2024, recording an impressive 7.2% organic growth. ...
Romanian franchise market on the rise. 8 turnkey HoReCa business ideas of interest for Romanian entrepreneurs
Wednesday, August 7, 2024
HoReCa businesses are becoming increasingly attractive for Romanian entrepreneurs, especially in the franchise system, according to Franchwise, the largest consulting company specialized in franchising in Romania. Thanks to the structured framework, the support offered by consultants throughout the business, but also the well-calculated resources needed from the outset and the risks associated with traditional start-ups much lower, franchises have attracted the ...
Hagag Development Europe’s pipeline in Romania tops EUR 280 million
Wednesday, August 7, 2024
Yitzhak Hagag, Co-founder & Chairman of Hagag Development Europe, spoke to BR about the company’s ongoing investment efforts in Romania across the commercial and residential sectors and the trends shaping growth on the market. What is Hagag Development Europe’s current development pipeline in the commercial and residential segments? Our pipeline today comprises four residential ...
Fourth garment factory in Botosani will soon lay off over 160 employees
Wednesday, July 31, 2024
A garment factory in northern Botosani will lay off over 160 employees in the immediate future, the executive director of the County Employment Agency (AJOFM) Botosani, Anca Apavaloaie,said.According to the source, the commercial company Serconf SA informed the AJOFM about the fact that it had started the collective dismissal procedure for 163 of its employees, handing the notices to them. The notice period is between July 30 and August ...
Competition Council sanctions Grup Feroviar Roman with Ron 2.49 M
Wednesday, July 31, 2024
The National Supervisory Council of the Railway Sector (CNSDF), within the Competition Council, sanctioned Grup Feroviar Roman [Romanian Railway Group] with Ron 3.49 million lei for not complying with the measures imposed by the national regulatory body and for not allowing access to all railway transport operators to the service infrastructures they operate in the CF Palas station in the Constana Port area.According to a press release sent on Monday, CNSDF ...
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 ...