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Prefera Foods raises 5 mln euro in bond placement, to expand in Europe, U.S

Wednesday, July 28, 2021

Canned food producer Prefera Foods said that it has raised 5 million euro ($5.9 million) in a private bond placement and plans to expand in Europe and the U.S.   Prefera Foods will use the funds to finance the planned expansion in Europe and in the U.S, where it intends to launch its latest Unfished product range offering a vegetable alternative to tuna and salmon, it said in ...

Scallier acquires retail park in Timisoara

Wednesday, July 21, 2021

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Polish property investment company Scallier has acquired a retail park in Romania's western city of Timisoara, deal advisor PeliPartners said on Tuesday.   The park, acquired by means of a business transfer from Oasis group, will be further operated under the brand FunShop Park, PeliPartners said in a press release. "The concept introduced by Scallier on the Romanian market involves the integration of modern premises to serve a ...

Aquila concludes the integration of Agrirom

Wednesday, July 21, 2021

Aquila, a consumer goods and logistics distribution company, has successfully completed the integration process of Agrirom, a company specialized in the distribution of temperature-controlled food products.   The integration follows the merger by absorption of the two companies. The acquisition of Agrirom was one of the largest transactions in recent years in the distribution sector in the HoReCa market. Aquila thereby ...

Frederico Monteiro is the new BAT Director For Central Europe South Area

Wednesday, July 21, 2021

BAT appoints Frederico Monteiro to lead its Central Europe South Area. After fulfilling all registration requirements, Fred will be based in Bucharest, leading the operations for 7 markets: Romania, Bulgaria, Ukraine, Moldova, Czech Republic, Slovakia and Hungary. Ram Addanki, who has been successfully leading the Area for the past 3 ½ years will be retiring from the business. BAT is Romania’s largest contributor to the state budget, having paid in 2020 over 9,6 billion RON in ...

ABIT Puresoft opens office in Germany

Wednesday, July 21, 2021

ABIT Puresoft has announced the official opening of a new Nuremberg office, as a result of significant growth in recent years. With the number of customers increasing by 260% and the staff doubling, we are continuously exploring ways to serve our customers better.   The new Nuremberg office provides ample space for our team to continue providing quality tailored services on the ServiceNow and UiPath platforms.   “We are proud to announce ...

BVB-listed agri group Holde Agri completes EUR 6 mln capital increase

Wednesday, July 21, 2021

Holde Agri Invest (HAI), a Romanian company that operates arable land, announced on July 15 at the Bucharest Stock Exchange (BVB) that it concluded the second stage of the capital increase, in which 6.55 mln of Class A common shares that remained unsubscribed in the first stage were offered to investors in a private placement that ended early than planned.   The price was set at RON 1.44 per share. In the first stage, which took place between June 4 and July 3, 2021, ...

Zitec becomes one of the 20 Microsoft partners in the world specialized in

Wednesday, July 21, 2021

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Zitec, leader on the IT & digital marketing market in Romania, received a new recognition from Microsoft, being the first company in Romania and one of the only 20 partners worldwide that have obtained the advanced specialization ...

Altex Group enters tourism business

Wednesday, July 21, 2021

Romania's Altex Group said on Thursday that it is establishing a tourism business unit together with local tour operator Karpaten Tourism.   Altex Travel will provide over 10,000 offers for holidays in Greece, Egypt, Turkey, the UAE, Croatia, Spain, Portugal, the Maldives, Dominican Republic, Zanzibar and Kenya, Altex Group said in a press release.   "We aim to become a major player in the market, to diversify our ...

eJobs Romania records 70 pct increase in turnover in first half of 2021

Wednesday, July 21, 2021

  The eJobs Romania recruitment platform registered a turnover of over 5.5 million euros in the first half of this year, up by almost 70% compared to last year, according to a company statement ."We are closing the first half of the year with a turnover of over 5.5 million euros, up almost 70% from last year. This development does not necessarily come as a surprise because 2020 has been a year of sacrifice for everyone. The good news is that we have ...

AmCham: 64 pct of company executives believe pandemic has brought them opportunity

Wednesday, July 14, 2021

   Two-thirds of the executives of member companies of the American Chamber of Commerce in Romania (AmCham Romania) who participated in the survey on investment quality in Romania believe that the pandemic has brought them an opportunity, Ionut Simion, president of the organization told a press conference on Wednesday."As we saw from the results of the survey, the effects of the pandemic are not long lasting. Last year, ...

Bosch builds a 21-million-euro office building in Cluj

Wednesday, July 14, 2021

 Bosch starts the construction of the second office building for the Engineering Center in Cluj, with an investment of 21 million euros."Bosch, a global leader in the provision of technologies and services, officially announced the opening of the construction site for a new office building at the Engineering Center in Cluj. Construction work began in March 2021 and will be completed in 2023, and the building will be commissioned in early 2024. The total ...

Business suspensions in Romania advance 25.28pct, Jan.-May 2021

Wednesday, July 14, 2021

 The number of companies in Romania that suspended their business in the first five months of 2021 was 5,249, up by 25.28% from the same period of 2020, according to data with the National Companies Register Office (ONRC).Most of the companies to have suspended their business January-May 2021 were from Bucharest, 563 (up by 38.67% on the similar period of 2020), followed by the counties of Cluj, with 272 suspended companies (down by 1.81 %), Bihor - 232 ...

ONRC: 67,142 natural, legal persons doing business registered in first 5 months of 2021

Wednesday, July 14, 2021

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The number of registrations of individuals and legal entities doing business in Romania decreased in the first 5 months of 2021 by 77.84pct from the same period of 2019, to 67,142, of which 45,185 were limited liabilities, according to data centralised by the National Trade Register Office (ONRC), checked by AGERPRES.Most registrations occurred in Bucharest, 10,177 (plus 66.29pct as against January-May 2020), and in the counties of Cluj - 3,747 (minus ...

Symmetrica invests EUR 6 M in a new production unit in Arad County

Wednesday, July 14, 2021

Symmetrica, producer of vibro-pressed pavers and curbs, has announced the inauguration of the new production unit in Arad County, in Zimandu Nou, following an investment of over 6 million euros. With the new factory, Symmetrica reaches a total of seven factories throughout the country and consolidates its position on the local market.   „The expansion with production units in strategic areas ...

Catalyst Romania II invests EUR 1.2 M in SeedBlink

Wednesday, July 14, 2021

Catalyst Romania Fund II – one of the most important VC funds in the region, having Marius Ghenea as Managing Partner – joins SeedBlink’s endeavor to expand into EU and to support the tech start-up ecosystem, by investing 1.2 million Euro as the lead investor in the Series A 3-million-Euro round.   SeedBlink – the investment platform with the highest growth in Europe had already ...

Promateris kicks off the process of company division

Wednesday, July 14, 2021

Promateris, a Romanian industrial group and the leader in the CEE region in the production of compostable and biodegradable packaging, begins the process of division of the company. The division aims to transfer the assets that are unrelated to the core activity to a new entity, Obor Development S.A.. The management estimates the division process to finalize by the end of the year.   “We are ...

2,100 companies on foreign capital registered in Romania in first five months of 2021

Wednesday, July 14, 2021

 The number start-ups running on foreign capital in Romania increased in the first five months of 2021 by 45% from the same period of 2020, to 2,100, according to data with the National Companies Register Office (ONRC).The 2,100 new companies had a subscribed share capital of 21.595 million US dollars, almost nine times higher than that of the companies registered in January-May 2020, of 2.43 million dollars.Most of the start-ups registered ...

Sameday reports an increase in turnover of over 140% compared to 2019

Wednesday, July 14, 2021

Sameday, one of the leaders of the courier market, celebrates, in this period, 14 years since its founding and enters a stage of maturity, as the company pursues international development.   “The 14 years that Sameday has turned are, for me, proof that, in order to reach the age of the national ID card, a company must combine long-term vision with technology, courage to ...

Profi: The Every Day Low Prices Store

Wednesday, July 14, 2021

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At the end of comprehensive tests, Profi is now repositioning itself as the store that simplifies your life through offers that you like, under the Every Day Low Prices slogan, the company informs.   Late last year the network introduced a new store concept with an improved range of easier to reach products displayed ...

ONRC: 11,454 companies were dissolved in the first five months of this year

Wednesday, July 7, 2021

The number of dissolved companies increased by over 18% in the first five months of 2021, compared to the same period of the previous year, to 11,454, compared to 9,675 between January and May 2020, according to data centralized by the National Trade Register Office (ONRC).The most dissolutions were registered in the Municipality of Bucharest, respectively 2,129 companies (increasing by 17.62%) and in the counties of Iasi (526, +57.96%), Timisoara (534, ...

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