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Tarom asks Govt. for EUR 190 mln grant
Wednesday, November 11, 2020
The Board of Directors of Romanian state-owned air carrier Tarom approved a memorandum asking for state aid, in the form of a grant of up to RON 924 million (EUR 191 ...
OTP Bank grants Rara Invest SRL through the SME Invest Program
Wednesday, November 11, 2020
OTP Bank granted one of the largest financing guaranteed through the SME Invest Program, amounting to 8.9 million lei, to the company Rara Invest SRL, to support the development investments of the logistics operator. The financing is already used by the company for the expansion of the storage spaces it operates in the ?ura Mic? industrial park in Sibiu. The new logistics centre, under construction, ...
GRAMPET Group accelerates innovation and digitalization projects
Wednesday, November 11, 2020
The GRAMPET Group – Grup Feroviar Roman (GFR), the largest railway group and private logistics operator in Romania and South-Eastern Europe, intensifies its activity of developing IT solutions and announces new applications, as the Coronavirus pandemic has accelerated the digitalization trend in most industries. “Competitiveness in a company (and, implicitly, in an economy) is today closely linked to its ...
Schneider Electric digital solution implemented in the JTI factory
Wednesday, November 11, 2020
Schneider Electric Romania has integrated a digital solution for the power supply of the production lines in the JTI Bucharest factory. JTI, the first international tobacco company established in Romania since 1993, with over 1,200 employees, made investments of millions of euros in the factory in Bucharest, and Schneider Electric Romania, through its solutions and the designated teams of professionals, was one of ...
TeraPlast enters biodegradable packaging market with investment of almost 12 ml euros
Wednesday, November 11, 2020
TeraPlast Group is seeking funding of about 5.8 million euro under the state aid scheme for stimulating investments with a major impact on the economy for its 11.8-million euro project "Establishment of a new production facility for TeraPlast Biodegradable Foils SRL" whereby it plans to enter the newly emerging biodegradable packaging market, the company said in a report submitted on Wednesday to the Bucharest Stock Exchange (BVB).The requested state aid ...
McKinsey Study: Romanian companies have low organization agility
Wednesday, November 4, 2020
Romanian companies have a low organization agility, which limits their capacity to react to crises and long term performance, according to a local McKinsey study, which shows that IT and financial services are sectors with the best scores for agility, with up to 9% higher than the ones obtained by companies in other sectors. Most Romanian employees consider work from home as the most useful change made by companies in this period of ...
Alstom to deliver trains for M5 metro line
Wednesday, November 4, 2020
Alstom will supply the new Metropolis trains for the M5 metro line, through a contract of over 100 million euros, with the possibility of expanding to a total value of 240 million euros, the manufacturing company announced, in a press release sent on Tuesday.Thus, Metrorex SA, the operator of the Bucharest metro network, awarded Alstom a contract to provide a total of up to 30 Metropolis trains for the new M5 line, delivered in two installments.According to the ...
CCC, the leader of the Polish footwear market is joining Colosseum Mall
Wednesday, November 4, 2020
CCC, the leader of the Polish footwear market, with a chain of 76 stores across Romania, will open at the end of next year a store of 800 sqm in Colosseum Mall. The store from Colosseum Mall will follow the newest concept and design of the CCC brand, which focuses on simple lines, neutral colours, grayscale finishes with metal furniture elements and a modern look with industrial influences. Joanna Jozwiak, General ...
Orange Romania posts 2.1% lower revenues in Q3
Wednesday, November 4, 2020
Orange Romania, the biggest telecom group on the local market, reported that its turnover decreased by 2.1% in the third quarter (Q3) to EUR 273.1 million. "Although we are going through a period of crisis, with multiple uncertainties, we saw a slight recovery in consumption in the third quarter of this year," Orange Romania CEO Liudmila Climoc said in a statement. The number of customers remained at the same level as last year ...
Dcs Plus opens a new office in India
Wednesday, November 4, 2020
Romanian company Dcs Plus, which develops software for the tourism industry, has opened an office in Gurgaon, India.Gurgaon is recognized as the second biggest technology city in India and has emerged within the top 5 tech cities in the Asia Pacific region. The company’s new office there will allow the travel tech provider “a greater strategic speed and flexibility in serving the needs for technical developments of ...
Tchibo takes over Romanian coffee shop chain
Wednesday, November 4, 2020
German group Tchibo Coffee Service, specialized in the professional supply of coffee to hotels, restaurants, cafes, pastries, offices, and hospitals, will take over the Romanian company Partner Coffee Service, which owns 13 coffee shops under the brand The Coffee ...
ONRC: Over 8,000 companies suspend activity in first nine months of 2020
Wednesday, November 4, 2020
The number of companies that have suspended their activity decreased, in the first nine months of 2020, by 25.44% compared to the similar period of 2019, reaching 8,091, according to data published by the National Office Trade Registry (ONRC).Most companies that suspended their activity between January and September 2020 were from Bucharest, respectively 834 (decreasing by 21.76% compared to the same period in 2019), the capital city being followed by the counties of Cluj, ...
Drakos Polemis Pumps Group to build EUR 9 mln industrial pumps plant in Romania
Wednesday, November 4, 2020
Greek pump producer Drakos Polemis Pumps Group and its Romanian subsidiary Aversa plan to invest EUR 9 million in a production facility in Giurgiu, southern ...
Jobful signs strategic partnership with Microsoft Romania
Wednesday, November 4, 2020
Jobful, the first gamification recruitment platform in Romania, concluded a strategic partnership with Microsoft Romania to integrate its offered solutions with Microsoft platforms. The partnership aims to launch the Jobful platform on Microsoft Azure technology and complete the recruitment experience through tools such as Microsoft Teams and Microsoft Dynamics for ...
One United Properties increases capital by up to EUR 70 million
Wednesday, November 4, 2020
One United Properties, one of the most active real estate developers in Bucharest, founded by local investors Victor Capitanu and Andrei Diaconescu, announced a capital increase of up to EUR 70 million. "The capital increase was approved at a EUR 380 million pre-money valuation and up to EUR 450 million post-money valuation," the company said in a press release. "The company's new capital structure allows us to consolidate real ...
SIF Banat – Crisana takes over the IMGB platform
Wednesday, October 28, 2020
The transaction in which Sif Banat – Crisana bought the shares held by Doosan Heavy Industries & Construction in Doosan IMGB, was authorized by the Competition Council. The transaction, involving a land plot with an area of 540,000 square meters, the largest land plot ever traded in Bucharest, was brokered by Crosspoint Real Estate. The deal, started and completed during the health crisis, with negotiations closed in less than two ...
TeraPlast Group posts 14% in turnover in the first nine months of 2020
Wednesday, October 28, 2020
TeraPlast Group, a Romanian construction materials manufacturer, registered a RON 99,1 million EBITDA in the first nine months of 2020, 46% higher than in the same period of last year. The Group’s turnover rose by 14% compared to the first nine months of 2019, up to RON 816,2 million. “The organic growth in the first nine months of the year shows that our Group can adapt, find solutions ...
ABS Financial Services takes over the business portfolio from Nexia CRG Expert
Wednesday, October 28, 2020
TotalSoft business software provider has announced the transfer of business from Nexia CRG Expert, member of Nexia International – a global network of independent accounting and consulting firms- to ABS Financial Services, the financial-accounting services division of TotalSoft. ABS Financial Services has had dynamic development in the last 2 years, following its acquisition by ...
Urgent Cargus has over 1,000 jobs available nationwide by the end of the year
Wednesday, October 28, 2020
Starting this month, Urgent Cargus is recruiting over 1,000 people nationwide, the company already having a community of over 5,000 employees and collaborators, represented by couriers and staff within the hubs and warehouses across the country. The jobs are open in Bucharest, but also in other cities in the country, in all counties where Urgent Cargus warehouses are located. Most of the jobs – over 700 – are available in Bucharest, ...
Seven startups accepted in the acceleration program “Advancing AI” organized by Techcelerator and Google
Wednesday, October 28, 2020
Techcelerator and Google for Startups have selected seven startups out of the 41 registered for the acceleration program Advancing AI dedicated to this market segment. It aims to support entrepreneurs who develop products based on AI (artificial intelligence) and the development of this ecosystem at the local level. Advancing AI offers startups access ...