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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 ...
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 ...