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Adrian Valentin Pascu appointed as General Manager of Danone Central and Eastern Europe
Wednesday, June 5, 2024
Danone Romania announces the appointment of Adrian Valentin Pascu as General Manager of Danone Central and Eastern Europe, starting on June 1, 2024. In addition to the new role, Adrian Valentin Pascu also retains the position of General Manager of Danone Ukraine. Adrian Valentin Pascu started his career at Danone Romania in 2004, as Regional Sales Manager. Throughout his career he made a significant contribution to the growth and ...
Tavex Romania announces a turnover of almost EUR 22 million in 2023
Wednesday, June 5, 2024
Tavex Group, the largest trader of investment gold in Northern Europe and an increasingly important player in the Romanian and Southeastern European market, announces a turnover of almost 22 million euros in 2023 in Romania. The company estimates a 30% increase in business at the end of 2024. Also, last year, Tavex Romania sold more than 30,000 gold bars and over 10,000 gold coins. Thus, the company continues to strengthen its position on both the national and international market regarding ...
TeraPlast enters the Hungarian market with two plants
Wednesday, June 5, 2024
One of the largest plastics processors in the region has arrived in ...
SYMMETRICA marks 30 years of activity with 10 national factories and total investments of over 135 million euros
Wednesday, May 29, 2024
First factory inaugurated in Veresti, Suceava county in 1999 Company business has grown four times in last 10 years Investments of about 50 million euros in the largest pavement and tiles factory in SE Europe. Symmetrica, the leader of the local tile market has constantly developed in its 30 years of activity, benefitting from national ...
Marshall and Romanian manufacturer Bluespace Technology plan to open a factory in Romania
Wednesday, May 29, 2024
Marshall Company (Great Britain) and Romanian manufacturer Bluespace Technology plan to quickly develop a prototype of a military containerized solution and discuss the potential of setting up a production unit in Romania. According to a press release, Marshall signed a Memorandum of Understanding (MoU) with Bluespace Technology, through which they will explore partnership opportunities for the design, development and integration of electromagnetic ...
Digi Romania acquires Telekom Romania Mobile from Greeks
Wednesday, May 29, 2024
Digi Romania concluded on Monday an agreement in principle for the acquisition, through the West Network Invest vehicle, of a holding of over 99.99% of the share capital of Telekom Romania Mobile Communications, from the Hellenic Telecommunications Organization, according to a report submitted to the Bucharest Stock Exchange (BVB)."The company informs the market that, on May 27, 2024, Digi Romania SA (Digi) concluded an agreement in principle regarding the main terms ...
Competition Council looking at impact of Blue Air's market exit and of TAROM scaling down activity
Wednesday, May 29, 2024
The Competition Council is looking at the impact of low-cost airline Blue Air's exit from the market and of TAROM scaling down its activity, as well as at the reason why Wizzair, Ryanair and others have increased their fares so much, Competition Council president Bogdan Chiritoiu declared on Saturday."The fact that Blue Air is out of the market and TAROM reduces its activity, so out of four major actors we have about two and a half left, causes sensible effects on the ...
DP World Romania opens a new branch and expands business area in Romania
Wednesday, May 29, 2024
One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, is pleased to announce that DP World Romania, a global leader in logistics and supply chain solutions, is expanding its business operations within Romania and is opening an office in the prestigious One Cotroceni Park class A office building. The new lease ...
Ford Investing in Romanian Plant With Eye on New LCV, BEV
Wednesday, May 29, 2024
* The plant in Craiova in southern Romania will become Ford’s third European production facility to build an all-electric vehicle, following recent investments in its plants in Cologne, Germany, and Kocaeli, Turkey https://www.wardsauto.com/ informs. Ford ...
Amazon to open game development studio in Bucharest
Wednesday, May 29, 2024
Amazon will open a game development studio in Bucharest where they will work on current projects, but also on those that the company plans to initiate. Amazon is also going to hire new people for the new headquarters in the ...
Brico Dépôt Romania announces sales of 63 million pounds in the first quarter of fiscal year 2024
Wednesday, May 29, 2024
Brico Dépôt Romania, one of the main players in the construction and home improvement field and part of the Kingfisher plc group, announces activities recorded in the first quarter of this fiscal year. The retailer’s sales reached £63m, up 12.3% on the previous year and up 14.7% on a like-for-like basis at constant exchange rates. “This year started optimistically, and with spring, the interest ...
SMEs council closely monitoring dynamics of companies
Wednesday, May 29, 2024
The dynamics of commercial companies, namely the difference between the number of registered companies and the number of suspended, struck off or closed companies, could drop this year to 20,000, from 22,000 last year, the president of the National Council of SMEs in Romania (CNIPMMR), Florin Jianu, told a specialist event on Wednesday."We look very carefully at the dynamics of the number of companies, at the way new people enter the economy and others leave, and at ...
93,000 companies benefited from financing through IMM Invest program
Wednesday, May 22, 2024
93,000 companies have benefited, so far, from financing through the IMM Invest program, starting on June 1, 2020, Dumitru Nancu, the general director of the National Credit Guarantee Fund for SMEs (FNGCIMM), declared during a conference on Tuesday."The amount that he (IMM Invest, ed. n.) infused into the economy amounts to 12 billion euros. I don't think that there has been such an infusion of capital in the economy, in the post-December period, and the degree ...
Christian Tour recorded a sales revenue increase of over 60% in 2023
Wednesday, May 22, 2024
Christian Tour, the largest travel agency in Romania, ended the year 2023 with sales revenues exceeding 683 million lei, approximately 62.08% higher than the revenues earned in 2022 (about 425 million lei). The company’s estimated gross profit for 2023 was about 20 million lei. Last year, the company made a series of investments in agencies and booking platforms, totaling 2,035,740 lei. It also opened 13 new agencies in Bucharest and across the country, ...
International Work Finder reports a revenue of over 12.3 million euros for the year 2023
Wednesday, May 22, 2024
International Work Finder, one of the leaders in the EU and non-EU personnel recruitment market and human resource management in Romania, closed the year 2023 with a turnover of over 12.3 million euros, 5.5 times more than the previous year. The growth is attributed to the introduction of new business lines – outsourcing and personnel leasing – which complement the company’s established services. Outsourcing involves the externalization of ...
Telekom Romania Mobile Communications S.A. announces changes in the leadership team
Wednesday, May 22, 2024
Starting with 16th of May 2024, Mircea Hategan is appointed as Chief Commercial Officer of Telekom Romania Mobile Communications S.A. and, in his new role, will report to the Chief Executive Officer of the company. With over 20 years professional experience in telco field and in sales, holding priorly several leadership roles, Mr. Hategan will be responsible of implementing the commercial strategy of the company, in line with its business ...
DP World boosts European trade with key Romania investment
Wednesday, May 22, 2024
DP World has opened three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region, https://www.tradearabia.com/ informs. The Dubai-based group has ...
Fondul Proprietatea has halved its loss in first quarter, to 5.8 million RON
Wednesday, May 22, 2024
Fondul Proprietatea recorded, in the first quarter, a net loss of 5.8 million RON, down from the one shown in the same period in 2023, of 11.5 million RON, according to a report of the company, sent to the Stock Exchange from Bucharest.At the same time, Fondul Proprietatea reported operating income of 900,000 RON in the first quarter, compared to 13.6 million RON in the same period of 2023.According to the quoted source, operating income mainly includes gross ...
Accenture STUDY : 85% of companies are confident they will achieve the expected outcome from their investments in Generative Artificial Intelligence in 2024
Wednesday, May 22, 2024
Business leaders are increasingly optimistic about generative artificial intelligence, with 85% believing their organizations will regain their investments in Generative AI during 2024, according to Accenture's (NYSE: ACN) Pulse of Change report for CxO. While the outlook for business growth in 2024 is generally positive, the study shows a growing discrepancy between the optimism levels of top business leaders. While 38% anticipate strong growth for ...
Telekom Romania Mobile in Q1 2024: total revenues of EUR 66.2 million and an increase in Postpaid subscriber base of 4% year-on-year
Wednesday, May 22, 2024
The Postpaid subscriber base grew by 4% year-on-year to a total of 1.931 million; Total base of customers 3.660 million EBITDA Adj. AL at €2.8 million Telekom Romania Mobile recorded 1.931 million Post paid subscribers at the end of the first quarter of 2024, up 4.0% compared with the same period of last year, continuing the trend of subscribers’ ...