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Bittnet to buy 74% of cybersecurity firm GRX

Wednesday, December 15, 2021

Romanian IT group Bittnet Systems [BSE:BNET] said that it has signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX), a local company specialized in providing information security advisory.   Following the transaction, the remaining shareholding interest in GRX will be owned by the company's founders, Bittnet said in a press release on ...

Danone invests EUR 4 mln in Romanian plant to use "green" Terra Pack packaging

Wednesday, December 15, 2021

Danone Romania inaugurated a new packaging line in its factory in Bucharest last week, upon a EUR 4 mln investment.   The company will change the Tetra Pak packaging it has used for drinking yoghurts Danone and Activia. The new packaging will be made of 93% of herbal materials, namely sugar cane, which contributes to reducing the carbon footprint of these products by ...

Company can apply for investment grant of up to 5 times the value of 2019 turnover

Wednesday, December 8, 2021

A company can apply for an investment grant of no more than five times the value of its 2019 turnover, under the "Investments in productive activities" measure managed by the Ministry of Investments and European Projects (MIPE) through the Competitiveness Operational Program.Minister of Investments and European Projects Dan Vilceanu had a consultation on Tuesday with the business environment regarding the applicant's guide related to the 4.1.1. "Investments ...

MedLife opens the largest medical clinic in Sibiu following EUR 2.5 M investment

Wednesday, December 8, 2021

MedLife continues its expansion plans and inaugurates a new medical unit in Sibiu, which provides Sibiu with integrated medical services, focused on four areas of excellence: pediatrics, diabetes, breast health and medical recovery. The newest MedLife hyperclinic, arranged on 5 levels, covers an area of 1500 square meters and is the result of an investment of over 2.5 million ...

Airbus Helicopters Romania hands over second retrofitted H215 helicopter to Finnish Border Guard

Wednesday, December 8, 2021

 Airbus Helicopters Romania completed the delivery of the second retrofitted H215 helicopter to the Finnish Border Guard (FBG) with a handover ceremony at the aircraft maker's headquarters in Ghimbav, a company release informs on Monday.Under an agreement between Airbus Helicopters and FBG for the modernization of three Super Puma helicopters, Airbus Helicopters Romania performed the G-Check and retrofit works to AS332L1e (H215) for two AS332L1 Super ...

Study: 94% of ‘Fit For The Future’ businesses are better prepared for risks

Wednesday, December 8, 2021

The number of businesses globally considered ‘Fit for the Future’ (FFTF) and better prepared to deal with future challenges – such as increased competition, changing employee expectations, and rising customer demand – has grown, according to ...

Cargus invested over EUR 2 million euros in logistics centers

Wednesday, December 8, 2021

Part of the Cargus’ strategy to improve the experience of its customers, the company opened 9 new logistics warehouses this year, equipped with modern sorting systems. The location of the new warehouses in Brasov, ...

Arctic, Romania’s most powerful brand for the second year in a row

Wednesday, December 8, 2021

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  Arctic is the leading domestic brand, according to “Romania’s most powerful brands” study conducted by the research company Unlock Market Research for BIZ, in July 2021, on a nationally representative sample. It is the second year in a row when the brand ranks first in the study, a reconfirmation of its market position, given that Arctic is also the top-selling home appliances brand in Romania, according to the GFK study that analyzed sales ...

IMMOFINANZ, with top performance in Q1-3 2021

Wednesday, December 8, 2021

IMMOFINANZ again demonstrated its strong earning power in the first three quarters of 2021. The results of operations rose by nearly 60% year-on-year to EUR 180.4 million and even substantially exceeded the comparable 2019 pre-crisis level (+29% versus Q1–3 2019). Net profit turned clearly positive at EUR 295.7 million and also surpassed the pre-crisis level in 2019 (Q1–3 2019: ...

Antibiotice wins EUR 11 mln contract in the UK

Wednesday, December 8, 2021

Romanian medicines producer Antibiotice Iasi won the tender organized by the United Kingdom's Ministry of Health for five injectable anti-infective products (intended for hospitals) used to treat bacterial superinfections associated with Covid-19, the company announced in a post on its Facebook page.   The contract will run for two years, and the first deliveries will be made in January 2022 without ...

Digi agrees to sell Hungarian operations for EUR 625 mln

Wednesday, December 8, 2021

Romanian Dutch-registered telecommunication group Digi Communications, through its Romanian subsidiary RCS&RDS, agreed to sell its Hungarian operations to 4iG - controlled by Konzum Management investment vehicle with influential businessman Lorinc Meszaros among shareholders.   On November 29, the parties completed negotiations and drafted the contract for the transaction for a price of EUR 625 ...

Study: The new world of work calls for an improved compensation strategy: flexible working, mental health programs, and agile leadership

Wednesday, December 8, 2021

Flexible working is the most wanted employee benefit in 2021 Hybrid work arrangements are seen as a boon to employee wellbeing Life insurance and equity shares are among the top benefits for employees in IT companies Assessing the workload of each team and automating recurring ...

France ranks 3rd among foreign investors in Romania, with over 4,150 companies

Wednesday, December 1, 2021

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France ranks 3rd among foreign investors in Romania, with over 4,150 local companies and a stock of foreign direct investment worth 8.7 billion euros, president of the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER) Francois Coste told the tenth annual conference 'Romania's Economic Perspectives', organized by CCIFER, which addressed topics such as European macroeconomic dynamics, Romania's macroeconomic balance in the European context, as well ...

4,867 companies and self-employed persons go insolvent over Jan - Oct 2021

Wednesday, December 1, 2021

As many as 4,867 companies and self-employed persons (PFAs) went insolvent in the first ten months of 2021, by 5.67 percent higher compared with the year-ago period, shows data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were reported in Bucharest City - at 894, down 13.04 percent from the 1,028 reported over January - October 2020.By business activity, the largest number of insolvencies ...

Stera Chemicals posts the highest turnover in 22 years of activity: 35 Million Euros

Wednesday, December 1, 2021

2021 meant record sales for Stera Chemicals, one of the largest Romanian importers and distributors of chemical raw materials. At the end of the first 9 months of the year, the company recorded a turnover of 35 million euros, the highest since its establishment 22 years ago, representing an increase of over 120% compared to the same period last year.   Stera Chemicals sold more than 20,000 tons of goods, ...

Report: 79% of companies in the business services industry believe that their turnover will increase in 2022

Wednesday, December 1, 2021

“Shaping the face of our future” was the theme of the annual conference organized by ABSL (Business Service Leaders Association) between 16 and 18 November 2021. The event was attended by over 500 participants. This year’s theme refers to the individual contribution of each player in the creation and development of the industry during this difficult period.   In the first part of the ...

Endava extends presence in three more Romanian cities

Wednesday, December 1, 2021

Endava (NYSE: DAVA), the British software company active on the local market with seven delivery centers located in Bra?ov, Bucharest, Cluj-Napoca, Ia?i, Timi?oara, Târgu-Mure? and Pite?ti, is expanding its business in Craiova, Sibiu and ...

Bicycle producer Corratec builds factory in western Romania

Wednesday, December 1, 2021

German bicycle manufacturer Corratec entered Romania by buying in Timisoara a plot of land of about 50,000 square meters with the aim of launching the production of bicycles on the local market, starting early next year. The plot of land includes buildings with a total area of 30,000 square ...

Three-quarters of institutional investors say they may divest rom companies with poor environmental track records

Wednesday, December 1, 2021

A burgeoning number of institutional investors around the world are placing greater emphasis on ESG performance in their decision-making and 74% are now more likely to divest from companies with poor ESG track records. However, concrete action is still lacking, and there is an urgent need for better quality disclosure from companies, according to ...

IKEA considers developing smaller-sized stores in Romania

Wednesday, December 1, 2021

Furniture retailer Ikea, which operates two stores on the Romanian market, both in Bucharest, is considering developing units in smaller formats on the local market, as they already exist at the group level.   Developing the network of collection points used for the delivery of merchandise sold in online sales is also envisaged.   "Romania ...

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