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ONRC: the number of wound up companies dropped by almost 26% in the first seven months of 2020

Wednesday, September 9, 2020

The number of wound up companies dropped by 25.93% in the first seven months of 2020, as compared to the same period of last year, at 14,720 against 19,872 companies in January –July 2019, according to the data centralized by the National Office for Trade Registrar (ONRC).The most companies which wound up in Bucuresti, namely 2,707 companies ( dropping by 21.54% against the first seven months of 2019) and in Timis county (792 – 20.72%), Constanta ...

The number of companies which suspended their activity dropped with almost 30% in the first seven months

Wednesday, September 9, 2020

The number of companies which suspended their activity dropped in the first seven months of 2020 by 29.8% against the similar period of 2019, getting to 6,177 according to the data published by the National Office for Trade Registrar (ONRC). Most companies which suspended their activity between January – July 2020 were from Bucuresti 641 respectively ( dropping by 25.64% against the same period of 2019), the capital city ...

ONRC : Registration of natural and legal persons dropped by 31.49% in the first seven months of 2020

Wednesday, September 9, 2020

The number of registrations of natural and legal persons dropped in the first seven months of the 2020 by 31.497% as compared to the similar period of 2019 at 60,634, 42,001 SRL according to the centralized data of ONRC.Most registrations were in Bucuresti, 9,810 (minus 7.45% as compared to January –July 2019) and Cluj (3,116 ( minus 23.44%), Ilfov – 2878 (minus 5.11%) and Timis  2644 (minus 29.79%).At the other end, the lowest number ...

Daimler had increased the production of gearboxes in its Sebes factory

Wednesday, September 9, 2020

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Daimler German Group has announced it had increased the production of gearboxes in its Sebes factory, which prompted a new shift that created 145 new more jobs. The increase of the eight-speed dual-clutch transmission capacity was due to the high demand on the market.   Both Dacia and Ford have increased their engine and car production this ...

Morphosis Capital buys majority stake in Medima Health

Wednesday, September 9, 2020

The private equity fund Morphosis Capital said on Tuesday that it has acquired a majority stake in Bucharest-based medical clinic chain Medima Health for an undisclosed price.The capital infusion will fuel the expansion of Medima Health's clinics in Romania as well as the development of teleradiology services, Morphosis Capital said in a press release without disclosing the size of the minority stake. Due to the ...

TeraPlast Group envisaging over 20 ml euro worth of investments

Wednesday, September 9, 2020

Building materials manufacturer TeraPlast Group envisages over 20 million euro worth of investments and plans to apply for state aid under the State Aid Scheme for stimulating investments with a major impact on the economy, the company said in a statement.The company contributes about 52 percent of the total amount of investments. "Romania needs tools to reduce its dependence on imports. It is a pity to continue to import products we can manufacture in ...

Oxygen selected by Fashion House Group for PR and communication services in Romania

Wednesday, September 9, 2020

Starting with September 2020, Fashion House Group named Oxygen as its PR and communication agency for Romania, in supporting its developing plans locally. The agency was chosen as winner following a complex selection process. The Oxygen team, under Adina ...

Romaero and PZL Mielec to strengthen Romania’s aerospace industry

Wednesday, September 9, 2020

A new Maintenance Repair and Overhaul (MRO) facility for civil and military Black Hawk helicopters is set to be created in Romania, further contributing to the country’s aerospace industry and providing an economic boost to the region under a Memorandum of Understanding (MoU) signed in Bucharest . Building on an agreement signed between Sikorsky, a Lockheed Martin company, and Romaero in March 2018, the new MoU retains the original’s ...

The first Haier’s refrigeration factory in the European Union to be built in Prahova county

Wednesday, September 9, 2020

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Deloitte Romania and Reff Associates, the law firm representing Deloitte Legal global network in Romania, provided assistance to Haier Tech, a Romanian company belonging to the Haier Group, in the project for building in Prahova county the first Haier’s refrigeration factory in the European Union. After assisting Haier Tech in obtaining the financing agreement for state aid in December 2019, Deloitte’s Management Consulting practice is now advising Haier ...

CMS advised AFI Europe on EUR 300m office acquisition in Romania

Wednesday, September 9, 2020

International law firm CMS has advised AFI Europe on its approximate EUR 300m share acquisition of six companies owning four Class A office projects in Romania from NEPI Rockcastle, the ...

Eventmix.live launched in Romania

Wednesday, September 9, 2020

Amid the COVID-19 pandemic, serial entrepreneurs Sergiu Biris and Andrei Dunca launch Eventmix.live, a platform through which event organizers can easily organize on their own website, online conferences, workshops, webinars, concerts or courses. Eventmix.live is aimed at all those who want to ...

Florin Frunza appointed CEO of MET Romania

Wednesday, September 9, 2020

MET Romania Energy SA announces that Petre Stroe has decided to retire from the CEO role and will be appointed as non-executive Chairman of the Board of Directors, while Florin Frunza is appointed as the new CEO of the Romanian subsidiary of the Swiss-based energy company MET Group. As of 2 September 2020, Florin Frunza is appointed as CEO of MET Romania and will take over the tasks from Petre Stroe to lead the Romanian operations of MET ...

Start-ups on foreign capital decline 37pct seven months into 2020

Wednesday, September 9, 2020

The number of start-ups running on foreign capital in Romania decreased in the first seven months of 2020 by 37%, y-o-y, to 2,110 according to data with the National Trade Register Office (ONRC).The 2,110 new companies had a subscribed share capital of 4.574 million US dollars in all, down 66.3% from January-July 2019.As of July 31, 2020, the largest number of companies on foreign capital was run by Italian investors, namely 49,286, with 3.854 billion ...

Companies with 10% turnover decline can receive subsidies for 'flexible hours'

Wednesday, September 2, 2020

  The financial governmental package for completing the employees revenues whose working hours have been reduced can be accessed by companies having registered this year a monthly decline of 10% of the turnover, compared with the similar month of 2019, Labour and Social Protection Minister Violeta Alexandru said on Friday.The Labour Minister pointed out that the Government decided on Thursday's meeting to adopt ...

Compa Sibiu swings to loss of 4.05 ml lei in H1

Wednesday, September 2, 2020

Car parts manufacturer Compa Sibiu swung to a loss of 4.05 million lei in H1 2020 from a profit of 23.75 million lei in the same period last year, shows the report published on the website of the Bucharest Stock Exchange."Compa, a company operating in the automotive industry, has been and is affected by this health crisis, as the global car industry and the European car industry in particular witnessed an unprecedented contraction in the first part of 2020. ...

Sphera Franchise Group's H1 consolidated sales slump 31.6 pct

Wednesday, September 2, 2020

Sphera Franchise Group posts consolidated sales of 304.6 million lei in H1 2020, 31.6 percent lower YoY due to the lockdown period, shows data provided by the company."The Group's consolidated sales in the second quarter stood at 106.3 million lei, 54 percent lower compared to Q2 2019; the most significant impact was in April, when most restaurants were completely closed and deliveries were limited. The loss in Q2 was offset by rapid and firm cost-cutting ...

Deloitte Survey:Companies spend less than 5% of their revenue on technology

Wednesday, September 2, 2020

Organizations around the world spend less than 5% of their revenues on technology, even so-called tech vanguards – companies with a well-defined vision and strategy and a mature tech function -, according to the 2020 Deloitte Global Technology ...

Companies in several areas affected by COVID should receive European money

Wednesday, September 2, 2020

The National Council for Private Small and Medium-sized Enterprises in Romania (CNIPMMR) proposed that Parliament expand the list of areas of activity that will benefit from foreign non-reimbursable funds related to the Competitiveness Operational Program 2014-2020, in the context of the crisis caused by COVID-19.Thus, according to a release, the CNIPMMR proposals were addressed to the Economic, Industry and Services Committee regarding Emergency Ordinance ...

Grant of 200,000 euro offered by the Romanian Government with EU Funds through the Support Scheme “Grants for investments”

Wednesday, September 2, 2020

Any company with a 70,000 euro profit in the last two years can access the maximum grant of 200,000 euro offered by the Romanian Government with EU Funds through Action 3 of the Support Scheme “Grants for investments”. Moreover, new eligible activities have been introduced to Action 2, supporting the companies that have been affected by the Pandemic.   The ordinance 130 that was adopted on the ...

Building materials manufacturer Leier announces investments of over25 million euros in Romania

Wednesday, August 26, 2020

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  The Austrian building materials manufacturer Leier announced on Monday that the group was having cumulated investments of over 25 million euros in Romania and will open two concrete factories în Simand, Arad county and Catcau, Cluj county next year, while other investments will be made to build a new concrete prefab section in Iasi and developing and upgrading of production processes in the present factories of the group. The two factories ...

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