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Freedom24 selects Pi2 as communication partner in Romania and Hungary
Wednesday, November 6, 2024
Freedom24 is the European subsidiary of Freedom Holding Corp., an international investment group listed on the NASDAQ stock exchange with a market capitalization ...
SUPERBRANDS ROMANIA announces the initial results of the 2024-2025 edition research
Wednesday, November 6, 2024
The trend of diversifying consumer choices continues: 51% of the commercial brands validated as eligible for Superbrand status come from industries such as Retail, Services, Construction, Furniture, Technology, Automotive, Media, Healthcare, HoReCa, while 49% are active in the FMCG sector Romanian brands maintain their relevance: 32% of the commercial brands eligible for Superbrand status originate from Romania, with 3 brands ranking among the ...
4,392 companies with foreign capital, established in first 9 months of 2024
Wednesday, November 6, 2024
A number of 4,392 companies with foreign capital were established in Romania in the first nine months of 2024, down by 16.22% compared to the same period in 2023, according to the data centralized by the National Trade Registry Office (ONRC).The 4,392 new companies had a subscribed capital in the total amount of 16,902 million dollars, down 85.44% compared to the subscribed capital of companies registered in the first nine months of 2023, of 116,079 million ...
As many as 5,119 companies and self-employed persons go insolvent over Jan - Sep 2024
Wednesday, November 6, 2024
The number of companies and self-employed persons (PFAs) going insolvent in the first nine months of 2024 was by 11.82 percent higher from the year-ago period, at 5,119, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were reported in Bucharest City, at 912, down 1 percent from January - September 2023. Next in the insolvency ranking are the counties of Bihor - with 432 insolvencies (+12.21 pct), Cluj ...
Oves Enterprise, Norway's KDA contemplate strategic partnership
Wednesday, November 6, 2024
Cluj-Napoca-based Romanian software developer Oves Enterprise is contemplating a strategic partnership with one of the global leaders in defense solutions, Kongsberg Defense & Aerospace (KDA) for the integration of its Nemesis AI technology into defense solutions, the Romanian company said in a release.Oves Enterprise received this week at its headquarters a delegation from KDA, Norway's premier supplier of defence and aerospace-related systems and solutions, led by the ...
Giampaolo Manzonetto appointed as new CEO of Caroli Foods Group
Wednesday, November 6, 2024
Multinational food group Sigma announces the appointment of Giampaolo Manzonetto as Chief Executive Officer of its Romanian subsidiary, Caroli Foods Group. Giampaolo succeeds Roxana Manolescu, who has chosen to pursue new professional opportunities, and whose leadership has been instrumental in integrating Caroli into Sigma following its acquisition, and shaping the company’s direction in Romania. With over 25 years of ...
Ford Otosan Opens EV Battery Assembly Line in Craiova
Wednesday, November 6, 2024
Ford inaugurated on Wednesday in Craiova the assembly line of batteries that will be used in the production of electric models that will be manufactured at the factory in Oltenia. The Puma Gen-E model will be presented in December, says Ford Otosan. The batteries will be assembled in the engine bay and then transported to the final vehicle assembly bay via an overhead conveyor. The new electric vehicle production line includes a number of ...
New STADA facility in Romania for sustainable medicines supply in Europe
Wednesday, November 6, 2024
STADA has opened a major new production site and supply-chain hub in Turda, Romania, that will contribute to security of medicines supply in Europe by supplying more than 150 million packs per year. Following a total investment of more than €70 million (US$75 million), the facility is now fully validated and approved, with initial shipments underway. The Turda facility supports the sustainable supply of prescription medicines such as antidepressants, ...
Auchan Romania Launches its 2023 Sustainability Report
Wednesday, October 30, 2024
Auchan Romania has published its fourth Sustainability Report, an annual transparency initiative detailing the company’s activities and initiatives from the previous year. Although the company publishes this report voluntarily, it covers a wide range of topics and is prepared in accordance with the GRI Core international reporting standards, integrating elements from other standards such as SASB (Sustainability Accounting Standards ...
Arctic Stream takes over 23% of the share capital of Data Core Systems
Wednesday, October 30, 2024
Arctic Stream, an IT security and infrastructure integrator, announces that it has received the approval of the Competition Council to take over a part of Data Core Systems (DCS), a provider of cyber security services in Romania. “ARCTIC STREAM S.A. (AST / Company) informs investors regarding the receipt of a decision from the Competition Council regarding the economic concentration ...
Number of IT Employees in Romania Dropped by More Than 10,000 in 2023
Wednesday, October 30, 2024
A recent study by ANIS (Employers’s Association of the Software and Service Industry), analyzing the state of IT&C in Romania in 2023, reveals important insights, ...
Nokian Tyres receives nearly half-billion lei state aid for Oradea plant
Wednesday, October 30, 2024
Nokian Tyres receives an ad hoc regional state aid in the form of a grant worth 495.2 million lei, informs the Ministry of Finance, which has prepared a draft Decision in this ...
Longshield Investment Group gets a new brand identity and a new symbol on Bucharest Stock Exchange
Wednesday, October 30, 2024
The Longshield Investment Group changed its trading symbol at the Bucharest Stock Exchange from SIF4 to LONG, thus completing the rebranding process of financial investment company SIF Muntenia (SIF 4) into Longshield Investment Group, the representatives announced on Wednesday Bucharest Stock Exchange."Longshield Investment Group's shares are traded on the regulated market of the Bucharest Stock Exchange since November 1999. The history of SIF ...
Golin Romania named PR Agency of the Year at the 2024 Biz PR Awards
Wednesday, October 30, 2024
Golin Romania has been awarded PR Agency of the Year at the 2024 Biz PR Awards, a top event in the local communications industry. This award reinforces Golin’s leadership and consistent performance, marking the seventh time the agency has achieved the top spot in the ranking’s 13-year history. The Biz PR Awards ranking, curated by Biz Magazine in partnership ...
Schoenherr advises Trans-Oil Group on acquisition of Frial Terminal
Wednesday, October 30, 2024
Schoenherr si Asociatii SCA advised Trans-Oil Group, a leading agribusiness operator in the Black Sea region, on the acquisition of Frial Terminal, located in the Port of Constanta, Romania. The transaction marks a key milestone in Trans-Oil’s long-term strategy to expand its presence in the Black Sea, allowing the group to streamline its logistics and distribution of goods across multiple ...
Aon Romania presents business perspectives for 2025: Risk management systems as a solution for stability in an uncertain environment
Wednesday, October 30, 2024
Aon Romania, one of the global leaders in corporate insurance brokerage, organized the event “Trade Credit - Perspectives for 2025” on Thursday, October 24, aiming to discuss current challenges in the Romanian business environment and specific tools for risk mitigation. Difficulties in debt recovery, economic uncertainty, and rising operational costs are among the most pressing challenges Romanian companies ...
Electromontaj continues European expansion with new project in Poland
Wednesday, October 23, 2024
Romania’s Electromontaj Group announced a new partnership on the European market with the Polish national electricity transmission operator, Polskie Sieci Elektroenergetyczne, for the construction of a new high-voltage line on the territory of Poland. After winning the tender, Electromontaj signed the contract to construct the 400 kV high-voltage overhead line ?ydowo Kierzkowo - Pila Krzewina, in consortium with Romgos ...
One United Properties' nine-month residential sales and pre-sales reach EUR 190.6 million
Wednesday, October 23, 2024
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office properties, reports residential sales and pre-sales of EUR 190.6 million in the first nine months of 2024. In 9M 2024, the Group sold and pre-sold 713 apartments and commercial units with a total area of 71,886 sqm, as well as 1,071 parking spaces and other unit types. "We conclude our strongest quarter to date in 2024 with an exceptional ...
FlixBus reports strong passenger growth in summer season
Wednesday, October 23, 2024
- FlixBus reports a 28% increase in the number of passengers traveling by its coaches to and from Romania this summer compared to the same period last year - The most popular international destinations for Romanian passengers this summer were Budapest, Vienna, Istanbul, Varna and Sofia - International passengers chose FlixBus to travel mainly to Bucharest, Cluj-Napoca, Timisoara, Brasov, Oradea, Arad and ...
Hisky concludes another growth quarter, with a 28% increase in passengers, compared to 2023
Wednesday, October 23, 2024
HiSky is expected to close 2024 with 1.9 million passengers, according to estimates at the end of the third quarter. In the first nine months of the year, the company registered over 1.5 million passengers, marking a 28% increase compared to the same period last year. These results reflect the upward trajectory in both flight numbers and load factor that the company has been experiencing since the lifting of travel restrictions imposed during the ...