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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 ...

Generix to set up engineering competence centre in Romania's Cluj

Wednesday, October 28, 2020

French software as a service (SaaS) application solutions provider Generix Group said on Monday it is establishing a software engineering competence center in Romania's northwestern city of Cluj. The new entity will be called Generix Soft Group Romania and will operate as a subsidiary of the group, Generix said in a press release. Thanks to the acquisition of a local company, Generix Soft Group ...

Huawei keeps hiring in Romania

Wednesday, October 28, 2020


Unimpressed by the memorandums and agreements signed by Romanian authorities in Washington to develop "clean 5G networks," the Chinese group Huawei keeps hiring in Bucharest. Huawei Romania has some 60 vacancies for IT&C engineers right now, the company announced in one of its increasingly frequent press releases circulated in the local media.The Chinese group believes the size of its investments in Romania is an argument for preventing its ...

Almost 6 pct increase in cumulative turnover of Top 10 companies

Wednesday, October 28, 2020

Turnover of companies ranked in the Top 10 positions in the National Business Rankings (TNF) 2020 increased by 5.99 pct, to more than 189 billion euro, according to a release of the Chamber of Commerce and Industry of Romania (CCIR)."The cumulative turnover of the companies ranked in the top ten positions is 189.31 billion euro, an increase of 5.99 pct compared to the previous year, and the operating profit of the companies amounted to 15.8 billion euro, ...

REI: More than 500,000 unemployed and over 300,000 firms could face insolvency or go bankrupt

Wednesday, October 28, 2020

Over 500,000 unemployed and more than 300,000 firms could face insolvency or go bankrupt in the coming period shows one of the darkest scenarios for 2021, as the economic impact of COVID-19 for companies and employees will be very strong and the effects will only be felt to start next year. According to REI Finance Advisors, one of the most dynamic consultancy companies specialized in attracting European funds and state aid for companies active ...

PayPoint to sell Romanian business to Innova Capital for some £47 mln

Wednesday, October 28, 2020

UK-based payment solutions provider PayPoint said on Wednesday it has signed an agreement  to sell its Romanian business to CEE-focused private equity firm Innova Capital for some 47 million British pounds ($61 million/ 52 million euro).   "The sale is consistent with PayPoint’s focus on its key strategic priorities and the delivery of enhanced growth and value in its core ...

Ebury is expanding its operations in Romania by recruiting Senior Sales Consultants to work remotely

Wednesday, October 28, 2020

The Covid-19 crisis made companies adapt the work mode of their employees to the new context, and the fintech industry is no exception. As a measure to limit the spread of the new coronavirus, fintech unicorn Ebury puts on standby new office openings and continues its expansion nationwide by hiring financial market specialists that can work remotely.   Although 2020 is marked by the pandemic, Ebury ...

LEROY MERLIN partners up with the tech start-up Innoship in order to streamline delivery management

Wednesday, October 28, 2020


French retailer LEROY MERLIN, 2nd place on the DIY market in Romania, signs a partnership with Innoship, the start-up that recently received the first round of financing in order to become the largest aggregator for fast delivery options in Central and Eastern Europe. Starting in November, Innoship will manage the delivery of orders from the 18 stores, as well as online orders, this representing an essential step in a more extensive strategic project of development of ...

Avast opens office in Romania

Wednesday, October 21, 2020

Czech cybersecurity solutions provider Avast Software, one of the world's largest IT security companies with an annual turnover of over USD 800 million, has set up an office in Romania.   The company established its headquarters in Iasi, in the United Business Center 3 building near Palas ...

Florin Jianu: Working capital support scheme for SMEs to be opened on October 26

Wednesday, October 21, 2020

The working capital support scheme for SMEs will open on October 26, said Florin Jianu, president of the National Council of Private Small and Medium Enterprises in Romania (CNIPMMR) on Friday, at the end of the meeting of the representatives of the Coalition for Romania's Development with Prime Minister Ludovic Orban."Two topics discussed today - this is about the one billion euros for SMEs. You know that the first measure has already been launched, 2,000 euros ...

MedLife becomes sole owner of Ghencea Medical Center

Wednesday, October 21, 2020

Romanian privately-owned medical services provider MedLife Group [BSE:M] said on Friday that it has became the sole shareholder of Ghencea Medical Center. MedLife acquired an additional 10% stake in the medical centre, it said in a statement filled with the Bucharest Stock Exchange.   Ghencea Medical Center, with an activity of over 12 years on the market, has two clinics in ...

PPF Group completes acquisition of SEE-active CME

Wednesday, October 21, 2020

Dutch-registered PPF Group said on Tuesday it wrapped up the acquisition of media and entertainment group Central European Media Enterprises (CME) and now fully controls CME’s operations in the Czech Republic, Romania, Slovakia, Slovenia and Bulgaria. "Shares on the NASDAQ Global Select Market and Prague Stock Exchange have been delisted and now cease to exist following the completion of the acquisition. Holders of ...

Dragos Anastasiu, re-elected head of the Romanian-German Chamber of Commerce and Industry

Wednesday, October 21, 2020


Dragos Anastasiu has been re-elected President of the Romanian-German Chamber of Commerce and Industry (AHK Romania), and the new Vice-Presidents are Andreas Lier and Christian von Albrichsfeld.According to a press release of AHK Romania sent to AGERPRES on Thursday, the General Assembly of the members of the Chamber of Commerce took place on Tuesday, and the Romanian-German business community elected its members in the Board of Directors.Along ...

Avi Compact, 10 percent increase in turnover for this year

Wednesday, October 21, 2020

Avi Compact, the most important distributor of Daikin products in Romania for 14 years, announces an increase in the turnover for the first six months of this year. Last year, the company had a turnover of about EUR 7.5 million.   The residential segment contributed with 60 percent to the turnover in the first part of this year. Due to the Covid-19 pandemic, split systems registered a significant ...

Survey: Most of the companies continue to hire people and expect to get in a better shape during 2021

Wednesday, October 21, 2020

Nearly three-quarters of landlords and tenants in the office market believe that the Covid-19 epidemics will continue to affect their operations and the overall business evolution will become satisfactory either in the second half of 2021 or in 2022, according to a survey conducted by Colliers International among more than 100 tenants and landlords on the Romanian office market.   While most tenants expect that at least 50% ...

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