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Number of foreign capital start-ups registered in Romania up by almost 34 pct Jan - Aug 2022
Wednesday, October 12, 2022
The number of start-ups running on foreign capital in Romania increased by 33.7 percent over the first eight months of 2022 from the year-ago period, to 4,831, according to data with the National Trade Registry Office (ONRC).The 4,831 new companies had a paid-up share capital of 26.943 million US dollars, by 4.6 percent less than the 28.241 million US dollars of the businesses incorporated over January - August 2021.As many as 702 companies ...
Competition Council authorizes takeover of General Beton Romania by Holcim
Wednesday, October 12, 2022
The Competition Council approved the transaction by which Holcim (Romania) SA takes over General Beton Romania SRL, the institution informs on Wednesday."Following the analysis, the Competition Council found that this operation does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and that there are no serious doubts regarding its compatibility with a normal competitive environment," reads press ...
Donalam, member of AFV Beltrame Group, is recruting labour force for its plant in Targoviste
Wednesday, October 12, 2022
Donalam, member of AFV Beltrame Group, one of the biggest steel bars and special steel producers in Europe, is undergoing a period of deep transformation – not only operational but also from the human resources perspective. Since the acquisition of ...
MedLife enters Provita’s shareholding by taking over 51% of its shares
Wednesday, October 12, 2022
MedLife private medical provider has announced the signing of a new partnership by taking over 51% of the Provita Group’s shares. The transaction marks the consolidation of diagnostic and treatment services nationwide. With over 11 years of experience in the private medical services market, the Provita Group has established itself through sustained development, especially in Bucharest. Thus, according to ...
Competition Council analyzez takeover of Industria Chimica Adriatica by The Sherwin-Williams Company
Wednesday, October 5, 2022
The Competition Council is analyzing the transaction by which The Sherwin-Williams Company, USA, intends to take over Industria Chimica Adriatica S.p.A., Italy, informs the competition authority through a press release sent on Tuesday.Worldwide, The Sherwin-Williams Company mainly markets paints, varnishes, dyes, finishing products for wood, plastic or glass, etc.The Sherwin-Williams Company operates in Romania through its ...
IKEA reports slightly higher sales in Romania
Wednesday, October 5, 2022
IKEA Romania reported a 2.5% rise in total sales in the fiscal year (FY) 2022 compared to the previous 12-month period. Online sales increased above average, going up 13%. IKEA also said that it sold more than 22 million products, of which 66.55% were furniture pieces and 34.2% accessories, reaching a turnover of over RON 1 billion (some EUR 202 ...
Ceres Pharma takes over Romanian natural supplements producer Dacia Plant
Wednesday, October 5, 2022
Ceres Pharma, an expanding Belgian group, is buying Romanian natural supplements producer Dacia Plant, the local company announced. The value of the transaction was not disclosed. Ceres Pharma wants to expand its portfolio of natural products with the involvement of Dacia Plant specialists, who will continue to be an integral part of the ...
The Competition Council has authorised the RCTI Company take over by Impact Developer & contractor
Wednesday, October 5, 2022
The Competition Council has authorised the trasaction through which Impact Developer & Contractor has taken over the RCTI Company, informs a press release of the authority on Thursday.Impact Developer & Contractor develops residential real estate projects with a view to being sold when finalised.RCTI Company has as main domain of activity plumbing, heating and ...
Over 106,000 individuals and legal entities, registered in first eight months of 2022
Wednesday, October 5, 2022
The number of registrations of individuals and legal entities increased, in the first eight months of this year, by 2.2%, compared to the similar period in 2021, to 106,154, of which 80,410 are limited liability companies (SRL), according to data centralized by the National Trade Registry Office (ONRC).Most registrations were recorded in the Municipality of Bucharest, respectively 19,558 (plus 22.94%, compared to January-August 2021), and in the ...
Biofarm invests 44 million euros in its Bucharest factory
Wednesday, October 5, 2022
Biofarm, one of the most important manufacturers of medicines in Romania, continued the investments in the production and testing unit inaugurated last year in Bucharest, so that they have already exceeded the threshold of 44 million euros, after generating 35 million euros at the time of launch, informs the company, in a statement.The factory stretches on more than 10,000 square meters, having four production streams: tablets/filmed ...
Over 4,200 companies, certified individuals enter insolvency during first eight months of 2022
Wednesday, October 5, 2022
The number of commercial companies and authorized individuals (PFA) that entered insolvency increased by 11.28% in the first eight months of 2022, compared to the same period last year, with 4,282 insolvencies being registered, according to the data published on the website of the National Trade Registry Office (ONRC).The most companies and certified individuals entered into insolvency were registered in Bucharest, 715, with a ...
Paval Holding acquires 24% of sustainable packaging producer Promateris
Wednesday, October 5, 2022
Romania's Paval Holding, owned by Dragos Paval (60%) and Adrian Paval (40%) - best known as founders of Dedeman DIY chain, took over 24% in Promateris (formerly Prodplast), a leader of the compostable bags and sacks market in the region with plans to integrate vertically and expand in the paper packaging market. "We are glad that through this transaction, Paval ...
Dr. Leahu Dental Clinics announce a turnover 33.5% more than the first half of last year
Wednesday, October 5, 2022
Dr. Leahu Dental Clinics, listed on the AeRO market of the Bucharest Stock Exchange, closed the first semester of the year with a turnover of 59.3 million RON, 33.54% more than in the first six months of 2021. The increased number of dental clinics and patients with serious conditions, as well as the referrals of those who were treated in ...
Cargus launches its own network of lockers in Romania and will invest 40 million euro in the following 2,5 years in its expansion
Wednesday, October 5, 2022
Cargus will place 300 parcel lockers in Bucharest, as the first step of its plan to invest in the out of home delivery solution, SHIP & GO, with important benefits for online shops and consumers. Online stores and their customers will have access to the largest proximity delivery network in the ...
Bitdefender signed partnership with Scuderia Ferrari in Formula 1
Wednesday, October 5, 2022
Romanian manufacturer of cyber security solutions, Bitdefender, has signed a multi-year partnership with Scuderia Ferrari in Formula 1, as a result of which the Romanian company's logo will appear on the pilots' helmets, on the car driven by Charles Leclerc and Carlos Sainz, as well as on the racing suits and team uniforms."We are delighted to be in this new partnership with Bitdefender, with whom we share values such as the highest level of ...
Connections company group reports exploitation incomes rising by 21% in semester 1
Wednesday, September 28, 2022
Connections, a group of digital transformation companies, listed in the Main Market of Bucharest Stock Market, reported incomes of 25.2 million lei from exploitation, for semester 1 of the ongoing year, on the rise by 21%, compared to the same period of 2021. Company representatives evaluate 2023 as a difficult year for most companies and say that global markets are preparing for increased contractions, ...
Color Smart estimates sales of over 500,000 euros for Pittsburgh Paints ecological products until end of year
Wednesday, September 28, 2022
Pittsburgh Paints product sales, which are 100% ecological, will go up to over 500,000 euros until the end of the year, the Romanian company Color Smart Distribution estimates. It is the single importer and distributor in Romania and Moldova, of premium and premium plus brands Novacolor, Color Smart and Pittsburgh Paints. Pittsburgh Paints, the number one American brand at world level, with 140 years of ...
Bobnet Group is opening a new factory in Romania to produce white label IoT devices for Europe
Wednesday, September 28, 2022
* With a 10 million euro investment to be allocated over the next few years, the company aims to sell over 200,000 IoT devices meant to revolutionize the proximity trade With a 10 million euro investment to be allocated over the next few years,Bobnet Group is launching Bob IoT Enterprise, a new ...
Schneider Electric – 25 years of activity in Romania
Wednesday, September 28, 2022
Schneider Electric, the leader in the digital transformation of energy management and automation, celebrates 25 years of activity in Romania through its local subsidiary. One of the most successful and longest-running organizations of the global company, Schneider Electric Romania currently ...
Instant Factoring Study : Economic consequences of the war in Ukraine. Manufacturing industries, huge losses due to the global crisis
Wednesday, September 28, 2022
Instant Factoring, the Romanian fintech specializing in microfinancing for small and medium companies, launches a sector study on the challenges faced by the manufacturing industry as a result of the military-political conflict in Eastern Europe. The war in Ukraine has led the entrepreneurs of major industries to reduce production and sales forecasts for the next two years, according to the ...