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Emergn enters Romania, plans to reach at least 100 employees in 2022

Wednesday, March 23, 2022

Emergn, a global digital business services company that helps companies deliver faster products and valuable customer experiences, announces its entry into the Romanian market. In 2022, the company aims to develop in Romania one of its main delivery centers, focusing on recruiting for key roles, such as IT developers, Quality Assurance professionals, Business Analysts, Product Designers, Delivery Managers, automation engineers and AI or data and analysis ...

Bucharest Mechanical Works and GDELS Romania sign accord to manufacture armored cars

Wednesday, March 16, 2022

Premier Nicolae Ciuca participated on Tuesday in the signing of the joint venture accord between Bucharest Mechanical Works (UMB) and General Dynamics European Land Systems Romania (GDELS Romania) about manufacturing armored cars. He said Romania becomes one of the first countries where the manufacture of modern military technology and equipment is located and the project may represent the relaunch of Romanian defense ...

Number of newly set up foreign capital companies up almost 39 pct in January 2022

Wednesday, March 16, 2022

 The number of foreign capital start-ups established in Romania increased by 38.8% in January 2022, compared to the same period in 2021, to 440 units, according to data centralized by the National Trade Register Office (ONRC).The 440 new companies had a paid up share capital of of 1.435 million US dollars, by 11.2% lower than that of companies registered in the first month of 2021, of 1.858 million dollars.Most of the newly registered ...

11,121 individuals, legal entities registered National Trade Registry Office in January 2022

Wednesday, March 16, 2022

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The number of registrations of individuals and legal entities increased in January 2022 by 0.24%, compared to the first month of last year, to 11,121, of which 8,248 are limited liability companies (SRL), according to the data centralized by the National Trade Registry Office (ONRC).Most registrations were recorded in Bucharest, namely 1,983 (+ 10.84%, compared to January 2021), and in the counties of Cluj -664 (+ 10.12%), Ilfov - 572 (+ 14.86%) and Timis ...

Huawei opens in Romania Huawei Ads coordination hub for Balkan countries

Wednesday, March 16, 2022

 The Huawei Ads platform is to be coordinated in nine countries in the region through a new hub opened in Bucharest, according to a press release of the technology company, sent on Tuesday."Based on real-time bidding (RTB), the service offers advertising solutions for websites and apps and has as a purpose the constitution of a new way to communicate between partners and users of Huawei devices running Huawei Mobile Services. Huawei opens in Romania the ...

Ford announces transfer of ownership of the Craiova plant to its partner Ford Otosan

Wednesday, March 16, 2022

Ford announced significant strides toward an all-electric future in Europe, which will see the company transformed and offering a new generation of seven, all-electric, fully-connected passenger vehicles and vans by 2024, including the news that Ford Otosan JV will be assuming ownership of Ford’s Romanian manufacturing operations, subject to regulatory approval and consultation.   Today’s announcements build on ...

Bento signs a partnership with Clarke Energy

Wednesday, March 16, 2022

Bento – Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company, specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, announces the signing of a significant contract ...

Nearly 5,300 firms deregistered in first month of 2022

Wednesday, March 16, 2022

 The number of deregistered firms at the national level has risen by 22.75% in January 2022, compared to the similar period of last year, up to 5,276, according to the statistics of the National Office of the Trade Register (ONRC).By domains of activity, the highest number of deregistrations was recorded in retail, wholesale, and the reparation of vehicles and motorcycles - 1,459 (plus 23.43% compared to January 2021), construction - 473 (plus 22.22%), the ...

EY study: 20% of Romanian companies are not involved in sponsorship actions

Wednesday, March 16, 2022

 2 out of 10 companies (20%) activating in Romania are not involved in sponsorship actions, either because they do not understand the routing mechanism, or because they are not convinced of the actions that should be routing the money, according to a study done at the beginning of this year by EY Romania, in partnership with the Association for Community Relations (ARC).The research titled "Fiscal credit: system of sponsorship actions in Romania" ...

422 companies and authorized individuals insolvent in January 2022

Wednesday, March 16, 2022

The number of companies and authorized individual contractors (PFA) entering insolvency has risen by 33.54% in January 2022, compared to the first month of the previous year, 422 insolvencies being recorded, according to data published on the website of the National Trade Register Office (ONRC).Most companies and PFAs entering insolvency were from Bucharest, namely 74, increasing by 23.33% over January 2021, when 60 insolvencies were noted.By ...

Simtel Team reports incomes of 58.7 million lei in 2021

Wednesday, March 16, 2022

Simtel Team, a Romanian company of technology and engineering, listed on the AeRO market of Bucharest Stock Exchange, reports incomes from the exploitation of 58.7 million lei in 2021, an increase of 40% against 2020 and a net profit of 6.1 million lei, an increase by 55% compared to the previous year. Financial results for 2021 are audited.   As for 2021 financial results, most incomes were from green ...

Promateris estimates a net profit of EUR 4.3 million

Wednesday, March 16, 2022

Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging, estimates for 2022 revenues of 47.7 million euro, EBITDA of 7.3 million euro and a net profit of 4.3 million. The revenue and expense budget will be subject to approval by the General Meeting of the Shareholders, which will take place on April 27, 2022.    “In ...

Anchor Grup gets EUR 80 M financing from Banca Transilvania

Wednesday, March 16, 2022

Anchor Grup, a real estate developer operating also in Romania, has obtained a financing of 80 million euros from Banca Transilvania for the refinancing of the group’s retail and office segments. The loan represents one of the most important bank financing granted in recent years for the players on the Romanian real estate market.   “We are glad that Banca Transilvania, the largest bank in ...

Emerson signs lease agreement with Globalworth to relocate Bucharest office

Wednesday, March 9, 2022

The Romanian subsidiary of the American technology and software group Emerson has leased 1,100 sqm of office space in Globalworth Campus, where it will relocate its Bucharest office starting April 2022.The lease agreement with Globalworth is for seven years.   “The Emerson office in Bucharest plays a vital role in supporting customers both locally and across the central and southeastern region of Europe. The new ...

Rohlik plans to create 1,000 jobs in Romania with its sezamo online supermarket

Wednesday, March 9, 2022

The sezamo online grocery retailer, which will be launched in Romania this spring by the Czech group Rohlik, will create approximately 1,000 jobs in the first year. The company will start its local operations with 200 employees, and the team will increase by about 800 people after the launch.   sezamo currently has more than 100 jobs available in Romania. More than half of the jobs listed are for ...

Agroland reports 23% stronger revenues in 2021

Wednesday, March 9, 2022

Agroland Business System (BVB: AG), a Romanian retail, agriculture and food business group with the largest network of agricultural stores in Romania, reported consolidated revenues of RON 233.9 mln for 2021, up 23% compared to 2020.    It reported a net profit of RON 8.5 mln, in line with the net profit estimated by the company in the memorandum of admission to Bucharest Stock Exchange ...

Canadian company to invest €400 million in a lithium factory in Romania

Wednesday, March 9, 2022

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Romania will enter the map of major manufacturers of battery components after signing a memorandum with a company that will build a lithium refinery, Minister of Energy Virgil Popescu told a press briefing on Monday, at the Government headquarters."I am very happy that Romania will be on the map of the big manufacturers of battery components. Because we have to say, no battery can work without lithium. Basically these refineries, these two refineries that will be ...

Proinvest pours EUR 10-12 mn in industrial park this year

Wednesday, March 9, 2022

Proinvest Group, a Romanian company specializing in steel processing, will invest EUR 10-12 million this year as part of a EUR 100 mln long-term development plan, which began in 2021.   "Specifically, we will invest this year in the development of an industrial park in Iasi (in northeastern Romania), where we will open a new production facility of the group," says the group's owner Vasile Sandu, ...

Liberty Galati invests EUR 5.5 mln in its production facilities

Wednesday, March 9, 2022

GFG Alliance, the group that owns the Romanian steel mill Liberty Galati (formerly known as Sidex), allocated EUR 5.5 mln for an investment project at its Romanian subsidiary, the group announced while reporting on the progress made in terms of business restructuring and ...

Beltrame to resume rebar production at COS Targoviste

Wednesday, March 9, 2022

Italian group Beltrame wants to resume rebar production at COS Targoviste “unless other issues prevent this,” after the Romanian competition body approved the takeover of the local steel processing facility under the insolvency ...

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