Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Companies

4 million euro investment in a unit for the production of electricity in Azomures

Wednesday, January 13, 2021

210113024501646x404.jpg

The biggest producer of fertilisers for agriculture in Romania, Azomures, announced that they will place an investment of four million euro in a unit for electricity production which will lead to the reduction of the carbon dioxide emissions, so that they can adapt to the requests of the programmed Green Deal of the European Commission.The Azomures spokesperson, Ovidiu Maior, stated that the new electrical unit will generate 5% of the annual ...

Czech company Mixit launched in Romania

Wednesday, January 13, 2021

Mixit, a Czech company producing personalized mixtures of muesli and lyophilisate fruit was launched in Romania and estimates the Romanian market will represent 5-10% of sales by the end of 2021.   “Mixit”, the Czech  company producing personalized muesli and fruit mixtures, extended in Romania before Christmas and customers from 5 countries can create their own muesli mixture now. After ...

Marian V. Popa is the new Globalworth Managing director for Romania

Wednesday, January 13, 2021

Globalworth office investor has announced the appointment of Marian V. Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian V. Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will report to Dimitris Raptis, CEO of Globalworth Group.  “Since 2012, Globalworth has transformed ...

Deloitte analysis: M&A activity recorded significant levels in 2020

Wednesday, January 13, 2021

The Romanian mergers and acquisitions (M&A) market recorded 91 transactions in 2020, compared to 110, in 2019. According to Deloitte estimations, the total market value, including the transactions with undisclosed values, was of 3.7-4.3 billion euros in 2020 (compared to 4-4.4 billion euros in 2019), while  transactions with disclosed value totalled 1.5 billion euros (compared to 1.7 billion euros in ...

Mihai Bordeanu, appointed Managing Director Dacia Brand South Eastern Europe and Country Head Romania

Wednesday, January 13, 2021

Following the organization of Groupe Renault around its brands, grouped in four business units – Renault, Dacia & Lada, Alpine and New Mobility – Christophe Dridi takes over the responsibility of the industrial perimeter in Romania, Russia and Morocco, as VP Global Access Industry and VP Industry for Dacia and Lada brands, starting with January 1st. At the same time, Mihai Bordeanu is appointed Managing Director Dacia Brand South Eastern Europe starting with ...

Vrancart invests 17 ml euros in waste recycling project

Wednesday, January 13, 2021

Corrugated cardboard and tissue paper manufacturer Vrancart announced that it is implementing a 17 million euro greenfield waste recycling project."The Vrancart group of companies continues its development strategy in 2021 through a greenfield investment amounting to a total of 17 million euros. For this project, Vrancart applied for and obtained a state aid of 8.3 million euros. The project will be carried out by a new company - Vrancart Recycling - and aims to ...

ONRC: 101,706 natural, legal persons doing business registered in first 11 months of 2020

Wednesday, January 13, 2021

210113024605onrc.png

The number of registrations of individuals and legal entities doing business in Romania decreased in the first 11 months of 2020 by 18.92% from the same period of 2019, to 101,706, of which 72,005 were limited liabilities, according to data centralised by the National Trade Register Office (ONRC).Most registrations occurred in Bucharest, 17,514 (plus 2.63% as against January-November 2019), and in the counties of Cluj - 5,300 (minus 13.27%), Ilfov - 5,054 ...

Dr. Florinela Cirstina is the new GM of Medicover Romania

Wednesday, January 13, 2021

Medicover Romania has appointed dr. Florinela Cirstina as the general manager of the company, starting January 8, 2021.Dr. Florinela Cirstina replaces Dr. Radu L. Gorduza. Cîrstina was previously operational director within Medicover Romania, a company that she has joined five years ago.   Florinela Cirstina, a doctor specialized in vascular surgery, graduated the Medicine University of Timisoara. ...

Number of newly set up foreign capital companies down 27.1 pct over Jan - Nov 2020

Wednesday, January 13, 2021

The number of foreign capital start-ups established in Romania over January - November 2020 dropped by 27.1 percent from the same period of the year before to 3,715 units, according to data centralized by the National Trade Register Office (ONRC).The 3,715 new companies had a paid up share capital of 19.828 million US dollars in all, up 1.7 percent from January - November 2019.A number of 423 companies with foreign participation and with a paid ...

Over 45,915 companies were erased in first 11 months of 2020

Wednesday, January 13, 2021

The number of erased companies, at the national level, has dropped by almost 52% in the first 11 months of 2020, as opposed to the similar period of the previous year, to up to 45,915 deletions, according to the statistics of the National Trade Register Office (ONRC).Regarding activity areas, the highest number of deletions were registered in the retail and wholesale commerce, auto and motorcycle repairs - 12,443 (minus 55.742% reported for January-November 2019), ...

Slovak entrepreneur gets EU grant to develop boutique-winery in Romania

Wednesday, January 13, 2021

Patrick Simek, a Slovak entrepreneur, is developing a boutique winery in Dobrogea, Alira, with part of the financing (RON 2.4 million or EUR 0.5 mln) coming from the European Union’s budget.   Wine production in Romania has developed in recent years, reaching 250 wineries - many of which are boutique wineries. The biggest players today are Cramele Recas, Jidvei, and ...

EY: Conditions ripe for already resilient M&A activity to accelerate in 2021 and beyond

Wednesday, January 13, 2021

Following a rollercoaster year for mergers and acquisitions (M&A), the increase in year-over-year (YoY) value of deals recorded since the beginning of Q3 is likely to continue into 2021, as companies position themselves for improved economic activity and reframe their future for the post-COVID-19 pandemic era. This is according to EY research looking at global M&A trends in 2020 and the outlook for transactions in 2021 released ...

Counsel Group Frankfurt names Alexandru Sganca as Country Manager of Romania

Wednesday, January 13, 2021

Counsel Group Frankfurt, a company with Romanian-German shareholders, specialized in providing services and software solutions, announces the appointment of Alexandru Sganca as Country Manager Romania.   Alexandru Sganca has over 12 years of experience in the software field, acquired within METRO SYSTEMS Romania, where he held several roles including Team Leader, Department Manager, Capability Manager, and his most recent ...

Romanian companies to allocate 14pct of IT budgets for cybersecurity in 2021

Wednesday, January 6, 2021

21010609100389955836_hacker_man_steal_information.jpg

Romanian companies are willing to increase their budget to improve cybersecurity and allocate 14pct of IT budgets for this, but it is insufficient, according to a study commissioned by Safetech Innovations, a Romanian cybersecurity company.Despite the significant increase in the number and sophistication of cybersecurity attacks, only four out of 10 companies are concerned about the possibility that they could be the target of an attack, while three out of 10 companies ...

Vista Bank acquires Crédit Agricole Romania

Wednesday, January 6, 2021

Vista Bank announces the agreement with Crédit Agricole Group for the acquisition of the shares (100%) in Crédit Agricole Romania. The acquisition is pending to the approval by the National Bank of Romania and the Romanian Competition Council and is expected to be finalized during the 1st  half of the year. Once the acquisition is completed, Vista Bank will have total assets of above €1.2 billion, loans of €750 million, deposits of €1.1 billion ...

Number of companies deregistered nationwide decreases by over 25% in first 11 months of 2020

Wednesday, January 6, 2021

The number of companies deregistered nationwide decreased by almost 25% in the first 11 months of 2020 compared to the same period last year, to 23,341 as compared to 31,217 deregistrations January to November 2019, shows the statistical data of the National Trade Register Office (ONRC).Most deregistrations were registered in Bucharest - 4,499 (by 17.66% fewer than in the first 11 months of 2019) and in the counties of Timis - 1,215 (-23.25%), Cluj - 1,154 (-22.39%) and ...

TeraPlast buys 70% of flexible packaging producer Somplast Nasaud

Wednesday, January 6, 2021

TeraPlast, the parent company of the TeraPlast Group, has acquired the majority shares of Somplast Nasaud company, the acquisition being part of the development strategy of the Group, alongside investments of over 32 million Euro, which are still to be implemented, according to a press release from the company."Ever since we sold the Steel Division we announced that, in order to raise the company's value, our objective is to grow both organically, as well as through mergers ...

Over 9,850 companies suspend operations January through November 2020

Wednesday, January 6, 2021

The number of firms that suspended their activity decreased by more than 23.29 pct between January and November 2020 compared to the same period in 2019, reaching 9,851, according to data published by the National Trade Registry Office (ONRC).By industry, the largest number of suspensions was registered in wholesale and retail trade, repair of motor vehicles and motorcycles, respectively 2,731 (-30.93 pct), in other service activities - 1,043 suspensions (-12.72 pct) and in ...

5,144 companies, authorised individuals go into insolvency January through November 2020

Wednesday, January 6, 2021

The number of companies and authorised individuals entered into insolvency decreased by 11.77 pct in the first 11 months of 2020, compared to the same period last year, with 5,144 insolvencies recorded, according to data published on the website of the National Trade Registry Office (ONRC).By activity fields, January through November the highest number of insolvencies was recorded in wholesale and retail trade; repair of motor vehicles and motorcycles respectively 1,526 ...

eMAG fined by EUR 6.7 M by the Competition Council

Wednesday, January 6, 2021

Dante International SA, owner and manager of eMAG Marketplace online platform has been fined by EUR 6.7 million by the Competition Council for “abuse of dominant position on the market of brokering services through online marketplace platforms”.   The Romanian competition authority has also imposed a series of collective measures to restore the normal competition environment and to prevent such actions, reads a Competition Council press ...

Premium News

Daily

Friday, September 24, 2021

Financial & Banking

Monday, September 20, 2021

Economic

Tuesday, September 21, 2021

Companies

Wednesday, September 22, 2021

Energy & Environment

Thursday, September 23, 2021