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Rehau invests 10 mln euros in regional hub in Sibiu County

Wednesday, April 13, 2022

 The German manufacturer of solutions for windows, installations, furniture and automotive Rehau has started the works at the regional hub, worth about 10 million euros, which will be located in central Sibiu County.According to the company, the construction with a total area of 52,900 square meters will provide storage facilities for all three divisions of Rehau Industries present in Romania, namely: Window Solutions, Building Solutions and Furniture ...

ONRC: 23,749 natural persons and legal entities registered during first two months of 2022

Wednesday, April 13, 2022

The number of registrations of individuals and legal entities has gone down during the first two months of 2022 by 4.43%, compared to the similar period of last year, to 23,749, of which 17,573 are limited liability companies (SRL), according to the data centralized by the National Trade Registry Office (ONRC).Most registrations were recorded in Bucharest, namely 4,426 (+ 13.46%, compared to January-February 2021), and in the counties of Cluj -1,400 (+ ...

Cugir weapon manufacturer designing assault rifle

Wednesday, April 13, 2022

 Economy Minister Florin Spataru told a news conference on Friday in Alba Iulia that on his visit to the Cugir weapon manufacturer on Thursday it asked its executives to continue a project for the manufacturing of an assault rifle so that the product could be presented to the Ministry of Defence for testing."The Cugir weapon manufacturer will bear the costs and testing steps so that it can be completed and come up with the product at the Ministry of ...

Austrian investment of over 400 ml euros in Ghioroc-based tractor assembly plant

Wednesday, April 13, 2022

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Austrian company Syn Trac starts building a tractor assembly plant in Ghioroc - Arad County, a 400-plus million euro investment which will create about 600 jobs; the first tractor is due to roll off the line in October 2023.The company announced its plans on Friday, on the occasion of the launch of the Ghioroc industrial park project that will accommodate several international companies.Patrick Monac, the manager of the consortium of companies ...

Dr. Leahu Dental Clinics are expanding in Brasov

Wednesday, April 13, 2022

Dr. Leahu Dental Clinics inaugurates the eighteenth dental center in the network on April 9, in Brasov.   The investment amounts to EUR 650,000 and provides eight dental offices, digital dental radiology and spaces specially designed for the treatment of children, which integrates ...

Arctic opens a regional spare parts hub in Romania that will serve 23 countries

Wednesday, April 13, 2022

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The manufacturer of household appliances Arctic opens in southern Arges county a regional spare parts hub that will supply 23 countries, as part of the Arcelik group's development strategy in Romania and the region, according to a company release.Located in Cateasca, Arges county, near the Pitesti-Bucharest highway (A1), the new warehouse has an area of 10,000 square meters and a storage capacity of 11,500 cubic meters. It became fully operational at the end ...

UiPath acquires a 9.57% stake in RodBun

Wednesday, April 13, 2022

Daniel Dines (UiPath) acquires, through his investment vehicle Ice Vulcan Properties Ltd, a 9.57% stake in Rodbun Grup S.A., one of the most important players in the Romanian agriculture sector.   An additional stake of 0.23% of RodBun’s shares was acquired by Ionut Sas, VP of Tax for the UiPath global operations. Founded in 2001 by Alexandru Iancu and Daniel Muntean, ...

ONRC: 962 companies, sole traders enter insolvency in Jan-Feb 2022

Wednesday, April 6, 2022

The number of companies and registered sole traders (PFA) going insolvent increased by 22.24pct in the first two months of 2022, compared to the same period last year, with 962 insolvencies, according to the data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were registered in Bucharest, respectively 169, increasing by 1.20pct compared to January-February 2021, when 167 insolvencies were recorded.The next ...

The Romanian company NetSafe was taken over entirely by the Nuvias Group

Wednesday, April 6, 2022

The Nuvias Group, the European high value distributor is bolstering its investment in Eastern Europe through the acquisition of Netsafe, a ...

MedLife buys 100% of the Life Med stock

Wednesday, April 6, 2022

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MedLife Medical System, the leader of the Romanian private medical services market, announces the acquisition of 100% share capital of Life Med. The company will be integrated under Sfanta Maria network, part of MedLife Group.   Life Med is one of the largest private providers of outpatient medical services under contract with NHIH, covering 24 specialties: allergology and immunology, cardiology, general surgery, dermatovenerology, diabetes and nutrition, vascular ...

YOLO Media, the first Romanian PR agency to launch an office in the UAE

Wednesday, April 6, 2022

YOLO Media, a PR agency founded in Romania in 2011 by Sorin Du?oiu and Christian Stan, inaugurated its first branch in the United Arab Emirates. The new division will manage the accounts of international and local companies in the GCC area by providing communication and image strategy services for Middle Eastern markets.   The expansion of the agency comes after an intermediate period in which it developed and coordinated, from Romania, communication projects for ...

VMLY&R enters the Romanian advertising market

Wednesday, April 6, 2022

VMLY&R took over Fractal Communications, Romanian local agency part of WPP, and joins VMLY&R Commerce to offer brands a connected experience.   Taking over the local agency by VMLY&R is part of the global strategy to simplify and integrate capabilities and services offered to the partners. At global level, VMLY&R has over 12.000 people in 100 offices from 44 countries. VMLY&R is behind awarded campaigns for Dell, Danone, Colgate-Palmolive, ...

Boualem Saidi takes the lead in Bayer Romania from Sercin Giray

Wednesday, April 6, 2022

As of April 1st, 2022, Boualem Saidi takes over the lead of Bayer Romania, Bulgaria and the Republic of Moldova from his predecessor Sercin Giray, who will continue her activity as Head of Performance & Community Management and Bayer2022 Platform Transformation Program within Group Finance in Leverkusen.   Boualem joined our Country Group in July 2020, together with his family. Since then he is responsible forleading the Crop Science Division for Bayer, coordinating ...

Solartium becomes Meditrina Romania after the acquisition by the pharmaceutical group

Wednesday, April 6, 2022

As the Romanian start-up Solartium becomes Meditrina, Romania is set to benefit from the development potential of the international group Meditrina Pharmaceuticals after the acquisition of the Solartium start-up. Thus, Meditrina Pharmaceutical Group ...

Enphase to begin production in Romania next year

Wednesday, April 6, 2022

Enphase Energy (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of solar microinverters, announced plans to expand its global manufacturing capacity starting in Q1 2023 with new production lines at the Timisoara-based factory held by its partner Flex.   Flex, which provides innovative design, engineering, manufacturing and logistics services to companies of all sizes in various industries, will begin producing for Enphase, at its ...

Dacia car factory indirectly touched by sanctions against Russia

Wednesday, April 6, 2022

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The employees of the largest Romanian car factory Dacia, part of the Renault group, have expressed their discontent with their incomes eroded by the rising energy prices and asked for Government’s support. They will partake in the demonstration organized by the trade federation BNS (Blocul National Sindical) in front of the Government on April 6.   The employees’ unrest was seemingly aggravated by the group’s decision to cease operations in Russia, ...

Azomures could resume fertilizer production with European launch of support package for energy-intensive industries

Wednesday, March 30, 2022

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The central Targu-Mures based Azomures company announced on Monday that it could resume the production of fertilizers for agriculture with the launch of the European package of support for energy-intensive industries, but the schedule for restarting the facilities also depends on availability of gas for the Romanian market."The European Commission has recently adopted an economic support package, aimed directly at farmers and energy-intensive companies such ...

RE/MAX extends by 5 more local offices

Wednesday, March 30, 2022

RE/MAX Romania, part of the world real estate leader and number one franchise at world level for this segment, announced on Monday that it would extend to another 5 units at local level in Brasov, Arad, Galati and two in Bucharest.   “RE/MAX Romania, part of the world real estate leader and number one franchise at world level for this segment, extends by five more units at local level, in big cities like Brasov ...

Biofarm targets a 16% increase in turnover in 2022

Wednesday, March 30, 2022

Biofarm, one of the most important drug producers in Romania, estimates a 16% increase in turnover for this year, after recording a value of 239 million lei and an EBITDA of approximately 2021 in 2021 82 million lei, and for 2022 it aims to increase it by 15% compared to the end of the year.   “We ended the year 2021 with very good results and we are confident that the investments budgeted for this year will ...

Elrond Network buys capital financial services operating Twispay

Wednesday, March 30, 2022

Elrond Network, the blockchain company based in Sibiu has purchased the first e-money institution licensed in Romania, Capital Financial Services, which operates under the Twispay brand.   Deloitte Romania and Reff &Associated/ Deloitte Legal assisted, via two different multidisciplinary teams, both the sellers and the buyer.   Elrond ...

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