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Local winemaker Prince Matei seeks to double sales on annual basis

Wednesday, October 6, 2021

Prince Matei vineyards, a company owned by holding Vintruvian, which also owns Viticola Sarica Niculitel, estimates to double its turnover in 2021, to about RON 3.5 mln (EUR 0.7 ...

Romanian tractor manufacturer IRUM launches new generation of forestry equipment

Wednesday, October 6, 2021

 IRUM, the Romanian tractor manufacturer, is launching a new generation of forestry equipment, the new model TAF 690 S5 being targeted for both the Romanian market, as well as for Europe and America, according to a press release sent on Monday.IRUM, a Romanian company based in central Reghin, with private capital, where over 500 people carry out their activity, is a horizontally integrated factory, that owns all sections of ...

New appointments at management level at KPMG in Romania

Wednesday, October 6, 2021

KPMG in Romania is pleased to announce two new appointments through internal promotions at management level, and a new hire, reflecting the dedication and professional resilience of our team and the constant growth of our business. As from 1 October, Daniel Pan? becomes a Partner in Tax, while Victor Iancu is promoted to Associate Partner in Advisory. Inga ?îgai joins us as a new hire in Tax, also as an Associate Partner. The new appointments confirm the talent, ...

Dr. Leahu Dental Clinics announces a turnover of 44.4 million lei in the first half of the year

Wednesday, October 6, 2021

Dr. Leahu Dental Clinics Network, listed on the AeRO market of the Bucharest Stock Exchange, closed the first half of the year with a net profit of 4.8 million lei and a turnover of 44.4 million lei, 104% more than in the first six months of 2020. The geographical expansion of the network and the consolidation of the team of specialists in clinics in the country are the basis for the growth of the company’s ...

Telekom Romania Mobile Communications announces its complete top management team

Wednesday, October 6, 2021

Telekom Romania Mobile Communications S.A., announces its complete executive management team, starting October 1, 2021. Dina Tsybulskaya was appointed CEO of Telekom Romania Mobile Communications S.A., effective September 1, 2021. Mrs. Dina Tsybulskaya began her career in the telecommunications industry in 2007 at the Telekom Austria Group, where she held the position of Marketing Director until 2012. She continued her career in the ...

Saint-Gobain completes acquisition of Romania's Duraziv

Wednesday, October 6, 2021

Deloitte’s Corporate Finance practice has advised the shareholders of Duraziv, the largest independent manufacturer of construction materials in Romania, in the successful sale of the integral share package to global leader Saint-Gobain. The transaction was completed on September 30, 2021, after receiving necessary approvals from authorities.   Deloitte Romania has structured and coordinated the sale process and ...

Orange Romania completes acquisition of 54 pct of Telekom Romania Communications stake

Wednesday, October 6, 2021

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Telecoms operator Orange Romania announced t the completion of its purchase of the 54 percent majority stake in Telekom Romania Communications (TKR) from OTE, while the remaining 46 percent of the shares stay with the Romanian state.In a separate announcement, Greek telecommunications provider Hellenic Telecommunications Organization S.A. (OTE) informed that it has successfully completed the sale of its 54 percent stake in Telekom Romania Communications to Orange ...

Autonom reports a 201.6% net profit increase and a turnover of 178.1 million lei in the first six months of 2021

Wednesday, October 6, 2021

Autonom Services SA, the most extensive mobility network in Romania, reports consolidated revenues of 178.1 million lei, up 21% compared to the same period last year, and a net profit of 12.5 million lei, an increase of 201.6% compared to the first half of 2020. The company estimates that for the entire 2021, the financial results will be similar or even above those recorded in 2019, beginning a new cycle of accelerated and sustainable ...

TeraPlast shares included in CECE Mid Cap index of Vienna stocks

Wednesday, September 29, 2021

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 TeraPlast (TRP)'s securities were included by the Vienna Stock Exchange in the CECE Mid Cap index, part of the CECExt (CECE Extended Index) family of regional indices, starting with September 2021, according to a company statement sent on Tuesday.By including it in this index, the visibility of TeraPlast's share will increase at regional level."The increase of TeraPlast's visibility in the international landscape increases investors' ...

Teilor invests 30 million lei in the development of the store network in Romania, Poland and Hungary by the end of the year

Wednesday, September 29, 2021

TEILOR, the chain of luxury jewelry stores present across the CEE region, announces investments of 30 million lei before year-end in developing the store network in Romania, Poland, and Hungary. In the following period, the company will open four stores in Poland, of which three are new locations, and one is a relocation. Locally, TEILOR targets the opening of two new stores in Romania as well as relocation and expansion of the other two ...

Carrefour Romania takes over delivery platform Bringo

Wednesday, September 29, 2021

The Romanian subsidiary of French retail group Carrefour owns 100% in the local home delivery platform Bringo after purchasing, for RON 21.6 mln (over EUR 4 mln), the last 10% stake it didn't own already.   Carrefour has been a partner of Bringo since it was set up in 2016, and it gradually increased its stake to 100% upon paying in total RON 38.6 mln (some EUR 7.7 mln, at the current ...

Net results of non-financial companies in Romania exceeds 100 bln RON threshold in 2020

Wednesday, September 29, 2021

The number of companies, the net results and own capitals have reached a historical maximum during the pandemic, while non-financial companies' business in Romania decreased, according to the annual KeysFin "Business conditions in Romania" study.Last year, the net result of non-financial companies in Romania increased by nearly 13 pct over 2019, to 104.5 billion RON, and has exceeded, for the first time, the threshold of 100 billion RON, by 221 ...

SEWS Romania announces closure of offices in Hateg and Orastie, 640 employees to be laid off

Wednesday, September 29, 2021

The wiring manufacturer for the automotive industry SEWS Romania will start a collective redundancy process that will result in the closure of work points in the western cities of Hateg and Orastie (Hunedoara County), as well as the restructuring of support activities, the measures being expected to affect approximately 640 employees, reads a company press release sent on last Thursday."The main reason for this decision is the increase in direct ...

The medical and logistic segments accelerated demand for architecture services  

Wednesday, September 29, 2021

TESSERACT ARCHITECTURE, the single architecture studio in Romania specialized in medical architecture and one of the very few such studios in CEE, estimates to double its business turnover by the end of 2021 as compared to 2020, when it registered almost EUR 1 million. The increase is generated as a result of high demand especially from the medical and logistic segments, which accelerated investments during the pandemic period, the company ...

Elfi reaches a turnover of EUR 3 million in the first part of 2021

Wednesday, September 29, 2021

Elfi, one of the most important producers of hygienic tissue paper in Romania, registered in the first half of 2021 a turnover of approximately 3 million euros, 20% higher compared to the same period of 2020, and plans to invest in a new production ...

Anchor Group takes over multiplex in Bucharest's first shopping mall

Wednesday, September 29, 2021

The Hollywood Multiplex cinema in Bucharest Mall - the first full-fledged shopping mall in Romania's capital city, was sold to Turkish Anchor Grup, which already owns Bucharest Mall (beside Plaza Romania) and is one of the most important developers in Romania.   The multiplex was sold at the beginning of 2016 by CME, at that time the owner of PRO TV, to the company ...

Waterdrop enters the Romanian market

Wednesday, September 29, 2021

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Waterdrop, manufacturer of microdrink – compact hydration cubes that dissolve in water and record the fastest growth in Europe, makes its debut on the Romanian market through the website www.waterdrop.ro. The company’s mission is ...

Bento reports revenues of RON 11.9 million in the first six months of 2021

Wednesday, September 22, 2021

Bento, Intellectually Curious, a Romanian entrepreneurial company specialized in the development and implementation of software solutions and the delivery of IT and Cloud infrastructure services, reports a turnover of 11.9 million lei in the first six months of 2021, a record increase of 88% compared to the same period last year. The company estimates a turnover of 26.3 million lei for the whole year and intends to continue developing its software products and expanding its ...

Agroserv Mariuta reports a turnover of RON 25.6 million in the first six months of 2021

Wednesday, September 22, 2021

Agroserv Mariuta (BVB: MILK), a Romanian agricultural company and ...

ALPLA Group investing in the construction of a recycling plant in Targu Mures

Wednesday, September 22, 2021

The ALPLA Group, world leader in plastic packaging and recycling solutions, continues its efforts to achieve its sustainability objectives by investing in the construction of a recycling plant in Targu Mures.   “Our aim at ALPLA now and in the future is to establish a bottle-to-bottle cycle – including in regions in which the collection and recycling of waste still has potential for development. By ...

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