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Romanian companies in Top 1000 Fastest Growing in Europe
Wednesday, April 3, 2024
The top “FT 1,000 companies with the fastest growth in Europe” is made by the global business publication, Financial Times (FT), together with the online data processing and visualization platform, Statista, and has reached the eighth edition. AscentCore Technology (185th place), RebelDot (382nd place), Mindit.io (832nd place), all from the IT field and Arctic Stream (460th place), are the 4 Romanian companies that entered this top, all companies active in ...
20 years of Töpfer in Romania: raising generations, in harmony with nature
Wednesday, April 3, 2024
Throughout its two decades of presence on the local market, Töpfer has been dedicated to raising and nurturing generations, carefully choosing ingredients in complete harmony with people and the environment. In a challenging demographic context, with a birth rate decline of 19% in recent years, Töpfer, a brand from the Alliance Healthcare portfolio, has recorded an impressive 11% increase in the number of units sold over the past five years. This ...
ARA Europe & Gheorghe Iaciu sell Doraly Expo Market to WDP
Wednesday, April 3, 2024
Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP. The iO Partners team advised the sellers – ARA Europe and the Romanian investor Gheorghe Iaciu, who founded Expo Market Doraly in 1993. Expo Market Doraly is the longest-standing and most successful wholesale, cash & carry, and retail commercial park in Romania. Located in the northeast of Bucharest, it covers an area of ...
SYMMETRICA invests €48 million in the largest factory in the portfolio, but also in S-E Europe
Wednesday, April 3, 2024
• The new production unit will be located near Bucharest and will be inaugurated this autumn • €35 million will be secured through credits granted by BCR • The factory will have an area of 18,000 square meters and will have 4 highly technological production lines • Investments of over €110 million in the 30 years since its ...
Trencadis’s business grew by 38% in 2023: “The pipeline of projects for 2024 is consistent"
Wednesday, April 3, 2024
Trencadis, a technology company specializing in developing and implementing complex software solutions for the government and business sectors, closed the 2023 financial year with a business of 33.7 million euros (167.8 million lei), up 38.7% compared to the previous year. This growth follows the 21% advance in 2022. The results obtained in 2023 represent a new record for the Trencadis company's business volume, with a profit of 1.24 million euros ...
Deloitte study: more than half of workers around the world identify increasing work stress as their top concern
Wednesday, March 27, 2024
More than half of workers (54%) around the world identify increasing work stress as their top concern, according to the Deloitte 2024 Global Human Capital Trends report, while technology advancement is second on the list, according to a quarter of workers, who worry about the significant ...
Agroserv Mariuta posts sales of RON 80 million in 2023
Wednesday, March 27, 2024
Agroserv Mariuta, a Romanian agricultural company and owner of the Laptaria cu Caimac brand, posts sales of 80 million lei in 2023, a 10% increase over 2022, and an operating result of 4.3 million lei, a 27% increase compared to the previous year. In the context of challenges in the agricultural and food sectors, the company reported a net loss of 2.3 million lei, compared to a net loss of 1.9 million lei in ...
Packeta Romania’s business grew by almost 30% in 2023, to 21.7 million euros
Wednesday, March 27, 2024
Packeta Romania, global digital platform for online commerce, member of the Packeta Group, registered, in 2023, business of 21.7 million euros, an increase of almost 30% compared to the previous year. The evolution took place in the context of the increase in the number of parcels processed, Packeta Romania being a regional hub that also serves external markets in the region, such as Bulgaria, Greece and ...
HORNBACH opens IT hub in Romania
Wednesday, March 27, 2024
HORNBACH, the construction and gardening materials retailer, is strengthening its presence locally by expanding its IT HUB in Romania. This initiative reflects the company’s commitment to attracting talented specialists to contribute to the development and implementation of innovative technological solutions in modern retail, thus expanding its IT competencies for all nine countries where HORNBACH ...
SEROUSSI brand opened its first outlet in Bucharest
Wednesday, March 27, 2024
The SEROUSSI brand announces the opening of its first outlet in Bucharest. The outlet come up with significant discounts of over -70% for all clothing, be it suit for special events, a shirt for the office or casual clothing. “The opening of the new SEROUSSI outlet is more than a simple expansion of the company’s presence on the ...
SII Romania has a new CEO
Wednesday, March 27, 2024
SII Romania, a multinational company specialized in software engineering and technology consulting, announces the appointment of a new General Manager – Iulia Surugiu, who has extensive expertise in business operations and management, and over a decade of experience within the company. She takes the lead from Manel Ballesteros, who ran the local branch for the past 15 ...
Practic posts 29% drop in net profit in 2023
Wednesday, March 27, 2024
Romanian real estate leasing company Practic [BSE:PRBU] said on Monday it recorded a net profit of 26.9 million lei ($5.8 million/5.4 million euro) in 2023, down from 37.8 ...
One United Properties eyes 16% rise in profit in 2024
Wednesday, March 27, 2024
Romanian real estate developer One United Properties [BSE:ONE] said on Monday it expects its net profit to grow by 16% year-on-year to 105 million euro ($113.6 million) in ...
ROMATSA expects net profit of 3.744 million RON for 2024
Wednesday, March 20, 2024
The Autonomous Directorate "Romanian Air Traffic Services Administration - ROMATSA" has foreseen for this year a gross profit of 4.416 million RON and a net profit of 3.744 million RON, according to the project on the budget of revenues and expenses, published on the website of the Ministry of Transport.The total revenues of the director are estimated at 1.6 billion RON, of which almost 1.593 billion RON are operating revenues. Revenues from ...
3,905 company dissolutions registered in January 2024
Wednesday, March 20, 2024
The number of dissolved companies increased by 15.74%, in January 2024, to 3,905, compared to 3,374 in the same period last year, according to the data centralized by the National Trade Registry Office (ONRC).The most dissolutions were registered in Bucharest, respectively 800 companies (number increasing by 17.47% compared to January 2023) and in the counties of Constanta (226, plus 35.33%), Ilfov (203, plus 47.1 %), Cluj (165, minus 14.58%) ...
2,450 companies suspend activity in January 2024
Wednesday, March 20, 2024
The number of companies that suspended their activity in January 2024 reached 2,450, an increase of 46.88% compared to the same period last year, according to data published by the National Trade Registry Office (ONRC).The most companies that suspended their activity were from Bucharest, respectively 277 (number increasing by 30.66% compared to January 2023).By field of activity, the largest number of suspensions was ...
PwC Romania: The volume and value of transactions completed last year were the lowest in the last three years
Wednesday, March 20, 2024
The Romanian M&A market recorded 189 completed deals worth EUR 4.3 billion last year, down by around 20% from 2022, when it reached EUR 5.2 billion, according to analysis by PwC Romania. Last year's result was largely underpinned by the deal in which Greek group PPC bought Enel Romania, a transaction worth EUR 1.3 billion, ...
M&A Report 2024: Romania
Wednesday, March 20, 2024
Market overview The Romanian M&A environment remains volatile. A number of smaller deals are happening, but there are few big projects, and limited expectations for the remainder of 2024. This reserved trend is accentuated by the Ukraine war, and 2024 being an election year not only in Romania but also for the European Parliament and in the US, circumstances that appear to have ...
Two major Romanian IT companies prepare layoffs
Wednesday, March 20, 2024
Two large Romanian companies specializing in IT have announced to their employees that layoffs will be made. NTT Data Romania, formerly EBS Romania, would lay off several employees, and the process seems to be similar at Cognizant, formerly Softvision, both companies being established in Cluj, according to mass media ...
NETOPIA in the industry spotlight: 14% increase in group turnover
Wednesday, March 20, 2024
NETOPIA Group, the innovation leader in the online payment processing industry, presents its financial results for the year 2023, confirming significant growth in both turnover and processed transactions. “We are proud of last year’s results. The accelerated growth trend of the past 3 years motivates us to develop new payment services and solutions to support our business partners. The ...