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Survey: About 60 pct of companies plan to resume in-office work in March

Wednesday, January 27, 2021

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About 60 percent of companies plan to resume in-office work in March, while 40 percent of employees say they did longer hours and were more productive working from home than at the office, shows a survey conducted at the end of 2020 by Undelucram.ro, an online community that offers reviews about employers, wages or the working environment in companies."17 percent of the companies (particularly shops/factories) returned to work at the facilities at the end of ...

Vitacom Electronics estimates a turnover growing by 10% this year, from 60 miillion lei in 2020

Wednesday, January 27, 2021

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The importer and distributor of  electronic products and accessories Vitacom Electronics estimates a turnover growing by 10% this year, from 60 million lei in 2020 and plans to move to  a new logistic centre in Cluj-Napoca.    ‘Vitacom Electronics finished 2020 with a turnover of approximately 60 million lei and a quarter of the sales came from the online environment. The company estimates for 2021 ...

VTEX will invest 10 million euro, over the next two years in the region, and will hire thirty people in Romania

Wednesday, January 27, 2021

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VTEX, a completely integrated solution for commerce, marketplace and Order Management System (OMS) announced on Monday that they will invest 10 million euro, over the next two years in the development of the region coordinated from Romania, out of which three million euro for this year, and the present team of fifteen at present will be extended to 45 at the end of  the year.   The investments will cover the ...

M&A global activity expected to accelerate in the next six to twelve months

Wednesday, January 27, 2021

Global Mergers & Acquisitions activity is expected to accelerate in the next six to twelve months due to low interest rates, a desire to acquire innovative, digital or technology-enabled businesses, and an abundance of available capital in the market, according to the PwC Global M&A Industry Trends report. Companies have over USD 7.6 trillion available in cash and marketable securities, and investment funds have accumulated USD 1.7 ...

Tremend opens Luxembourg office to supervise projects for EU

Wednesday, January 27, 2021

Romanian IT solutions provider Tremend has opened an office in Luxembourg that will focus on expanding the portfolio of projects with the European Commission and other international institutions.   In 2020, 13.5% of the company's turnover came from projects for the European Commission. Tremend also estimates EUR 7 million revenues from this vertical in ...

Fortress to enter Romania’s logistics market

Wednesday, January 27, 2021

South African investment fund Fortress, which owns 23% of NEPI-Rockcastle already active on the Romanian real estate market, is close to acquiring ELI Park 1 logistics park in Chitila.   According to sources in the real estate market, local companies Element Industrial and Dedeman, which jointly developed the logistics park, are in advanced talks to sell the project to the South African ...

Safetech Innovations listed on Aero-SMT market of Bucharest Stock Exchange

Wednesday, January 27, 2021

The shares of Safetech Innovations cyber security company will be in transaction on January 29, on Aero market SMT under the symbol SAFE.   The company will enter Aero market with an anticipated capitalization of 12.5 million lei (2.6 million euros). That was calculated based on the price of the private placement made by Safetech Innovations in October 2020, which attracted 2.5 million ...

MAM Bricolaj sees 50% growth at its debut on the Bucharest Stock Exchange

Wednesday, January 27, 2021

Romanian do-it-yourself retailer MAM Bricolaj, founded and controlled by local entrepreneur Cristian Gavan, recorded an increase of over 50% of its share price at its debut on the Bucharest Stock Exchange.   The company, which raised about EUR 1.7 mln from local investors through a private placement at the beginning of September 2020, reached a market capitalization of RON 51.8 mln (EUR 10.6 mln) after ...

CONAF: 44 percent of companies have three or more women at highest level

Wednesday, January 27, 2021

Roughly 44% of companies have three or more women at the highest level, unlike four years ago, show the market analyses conducted by McKinsey & Company, globally, as presented by CONAF - National Confederation for Female Entrepreneurs."Women should also be promoted in state-owned companies, following the private milieu model, for top management positions and as members of the boards of directors," said Cristina Chiriac, CONAF ...

Romanian state to take over l COS Targoviste in exchange for unpaid taxes

Wednesday, January 27, 2021

The Romanian Government plans to take over the only producer of rebar in the country, COS Targoviste, which has been under insolvency procedures since 2013, in exchange for its debt to the budget.   The reorganization program, proposed by the company's main creditor, awaits approval from the other ...

EAD, Portuguese digital archiving Company enters the Romanian market

Wednesday, January 27, 2021

EAD – Empresa de Arquivo de Documentação SA, a Portuguese company operating in the field of digital archiving, is coming to Romania, the first foreign market in which the company expands its activity, and appoints Bruno Amaro as Country Manager.   What differentiates EAD in the market for digital archiving solutions are its solutions that transform the physical workflow of documents ...

The sale of TeraSteel and Wetterbest received the agreement from the competition authority of the European Commission

Wednesday, January 20, 2021

The European Commission agreed on 12th January the sale trading of TeraSteel and Wetterbest to Kingspan Group. The TeraPlast group, the biggest Romanian producer of construction materials, announced in July 2020 that he signed an agreement with the Irish from Kingspan Group for the sale of the Steel division, estimated at 410 million lei.   ‘The European Commission agreed on 12th January with the sale trading of TeraSteel and Wetterbest to ...

Macromex is investing EUR 15 million in a new high-tech distribution centre

Wednesday, January 20, 2021

Macromex, leader in the food industry in the temperature-controlled segment, announces the construction of the second warehouse, Corso Distribution Center, located in Chitila. The cost of the investment amounts to EUR 15 million and is financed both from personal funds and from a long-term investment loan offered by Alpha Bank Romania.   The new warehouse  covers an area of 10.000 sqm and consists of the storage area for frozen food, the one for refrigeration and an ...

Cristiana Belodan joins Oxygen as the new Strategy & Transformation Director

Wednesday, January 20, 2021

Cristiana Belodan, one of the top Romanian executives in advertising, joins Oxygen as Strategy & Transformation Director. Her responsibilities include integrating all resources under the company’s new positioning as a full-service agency, developing and strengthening Oxygen’s services, as well as managing ...

Telekom Mobile fined for substandard mobile coverage

Wednesday, January 20, 2021

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Romania's telecom market regulator ANCOM slapped a RON 700,000 fine on Telekom Mobile, the local mobile communications division of German group Deutsche Telekom, for failing to meet the 98% national coverage target.   According to the licenses issued by ANCOM, Orange, Vodafone and Telekom Mobile were required to cover with mobile voice services the areas inhabited by at least 98% of the Romanian population through their own radio access network, until April 5, 2017, ...

Casa Rusu appoints Zoltán Pilecki as CEO

Wednesday, January 20, 2021

Casa Rusu announces the appointment of Zoltán Pilecki as CEO, starting January 1, 2021. Zoltán Pilecki (48 years old) is a retail professional with over 20 years of industry experience, holding leadership positions in companies such as Alveus and Studio Moderna. Throughout his career, Zoltán Pilecki coordinated the implementation and integration of innovative strategic directions within the companies he led, demonstrating deep knowledge of the Romanian retail ...

DHL Express Romania's e-commerce revenues increased by over 100% in 2020 compared to the previous year

Wednesday, January 20, 2021

The logistics and courier company DHL Express Romania said that its revenues generated by e-commerce doubled last year.In 2020, DHL Express Romania registered a 20% overall increase in revenues compared to 2019, fueled by the e-commerce sector.   "The growth trend in e-commerce will continue in 2021. For Romania, we believe that there is great potential, and we will see more and more local online businesses that will want to develop internationally. ...

BeeFast sees triple turnover than initially estimated for 2020

Wednesday, January 20, 2021

BeeFast, a Romanian fast delivery tech start-up, recorded a turnover of EUR 320,000 in 2020, three times more than it estimated at the beginning of the year.The company’s activity has grown from 16 deliveries/day in early 2020 to a maximum of 580 deliveries/day by the end of the year.   Some 65% of the turnover was generated by the customers that BeeFast moved for free from offline to online, during the ...

Xiaomi launches online store in Romania

Wednesday, January 20, 2021

Chinese group Xiaomi, the third-biggest smartphone brand in the world, has expanded its presence on the Romanian market by launching Mi-Home.ro. The new official e-commerce platform allows customers to purchase the brand's products online, at the most advantageous prices.   "The increased efficiency of the multi-channel distribution platform is the basic component of the company's expansion strategy. In this way, we can operate ...

Bittnet Systems gets large contract with Defense Ministry

Wednesday, January 20, 2021

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Bittnet Systems, one of the fastest-growing technology groups in Romania, whose shares are trading on the Bucharest Stock Exchange (BVB), announced that its subsidiary Dendrio Solutions signed a major contract with the Romanian Defense Ministry.   The framework contract is for a period of three years, during which Dendrio Solutions should supply IT&C equipment worth up to RON 22.7 mln (EUR 4.67 mln) to the Defense ...

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