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Frisbo expands its European operations across 5 new countries

Wednesday, December 23, 2020

Romanian startup Frisbo, the smart e-fulfillment solution with the widest European coverage, taking on warehousing, packing and delivery of online orders on behalf of online shops, is announcing that it’s expanding operations in 5 new countries: Moldova and Bulgaria – where it has already started serving e-stores – in addition to Spain, Italy and Belgium, where Frisbo is in the process of integrating partner warehouses. In 2021, the company plans to grow the ...

EBRD:Tremend and Vivre Deco pioneer digitalisation in Romania

Wednesday, December 23, 2020

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* New Blue Ribbon members adapt to coronavirus pandemic conditions   The year 2020 has been a challenging one for SMEs ...

Smart infrastructure integrator Datacor launches new visual identity

Wednesday, December 23, 2020

* Datacor launches the new branding celebrating the company’s 18th anniversary    Datacor, one of the biggest Romanian providers of intelligent infrastructure solutions, has a new visual ...

International Property Awards Impact Developer & Contractor Company

Wednesday, December 23, 2020

Impact Developer & Contractor won two awards in the Property Development section and one in the Architecture section, in the European region, within the prestigious International Property Awards 2020 - 2021. The prizes obtained are: 5 Star Award - Best Developer Website Romania for the ...

Over 41,000 companies were deregistered in the first ten months of 2020

Wednesday, December 16, 2020

The number of companies deregistered nationwide decreased by almost 54% in the first ten months of 2020 compared to the same period last year, to 41,119 deregistrations, shows the statistical data of the National Trade Register Office (ONRC).Most deregistrations were registered in Bucharest - 6,652 (almost 38% fewer than in January-October 2020) and in the counties of Cluj - 1,907 (-44.06%), Constanta - 1,818 (-31.63%) and Timis - 1,792 ...

TeraPlast sells its window profiles business

Wednesday, December 16, 2020

Romanian TeraPlast Group (TRP) has sold its plastic window profiles business to Dynamic Selling Group, a local producer and distributor of window profiles for thermal insulating carpentry.   The two sides agreed on a value of around EUR 4.5 mln, which will be adjusted based on the working capital level when the transfer will occur. This is TeraPlast's second deal this ...

Instant factory expands to Serbia after EUR 750,000 financing round

Wednesday, December 16, 2020

Instant Factoring, the first Romanian fintech to offer online factoring to Romanian entrepreneurs, has closed a round of equity financing worth EUR 750,000. The round was subscribed by Instant Factoring’s current shareholders to fuel its fast expansion.   The company will use EUR 350,000 of the new funds to launch its operations in Serbia and the remaining EUR ...

eMAG launches venture fund for tech startups

Wednesday, December 16, 2020

The online retailer, eMAG, has launched an acceleration program for tech startups. With this program, called eMAG Ventures, the group aims to use the expertise gained during the development and expansion of various projects, such as eMAG Marketplace, and companies that have grown rapidly, such as Sameday (courier), Conversion (digital marketing), Fashion Days (fashion marketplace), Tazz by eMAG (delivery) or Zitec (online ...

RTPR advises 123FormBuilder on a new investment

Wednesday, December 16, 2020

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RTPR has advised 123FormBuilder and its shareholders, Catalyst Romania, Florin Cornianu and Adrian Gheara, in relation to the investment of 212, a venture capital fund specialised in tech companies. 123FormBuilder is an online platform that helps individuals and businesses create forms, surveys, quizzes, and polls online, without requiring coding skills.   The RTPR team ...

Maintaining a high level of employee engagement, the main challenge in HR in 2020

Wednesday, December 16, 2020

According to the findings of the survey "Trends and challenges in HR 2020" conducted by Valoria in partnership with BusinessMark and Undelucram.ro, 64% of companies say that the most important strategic challenge in HR this year has been to maintain a high level of employee engagement, considering that remote work has become the “new normal” in many industries.   The year 2020 has put HR teams ...

Coletaria.ro: The number of parcels sent increased by over 300% in 2020

Wednesday, December 16, 2020

Coletaria.ro, a company specializing in sending and delivering parcels, part of the Packeta group, announced it shipped over 300% more parcels this year than the previous one.The number of parcels shipped abroad by online stores in Romania increased in 2020 by 35%.   "The increase was largely influenced by the current context, determined by the COVID-19 pandemic, in which more and more stores have ...

2Performant starts trading on Bucharest bourse alternative segment

Wednesday, December 16, 2020

The shares of technology company 2Performant started trading on the Bucharest bourse AeRO segment within the Multilateral Trading System, SMT, the bourse said. "In order to take advantage of the opportunities that will come in the next years, the natural step for us at this moment is the listing on the Bucharest Stock Exchange. I am convinced that this is the healthiest financing route for technology companies and that the ...

Jysk to open 95th store in Romania on Dec 17

Wednesday, December 16, 2020

Danish bedding and furniture retailer Jysk said that it will open a new store in Romania on December 17 that will be its 95th in the country. The new 1,300 sq m store in Sibiu will be the company's second in that city, Jysk said in a statement on Monday. "The first store we opened in Sibiu is among our best performing ones in the country. Therefore, a second store was needed in the city and, we ...

ONRC: 21,319 companies dissolved in first 10 months of 2020, down 24.57%

Wednesday, December 9, 2020

The number of dissolved companies decreased by 24.57% in the first ten months of 2020, compared to the same period of the previous year, to 21,319, compared to 28,264 companies in January - October 2019, according to data centralized by the National Office of the Trade Register (ONRC).The most dissolutions were registered in Bucharest, respectively 4,050 companies (decreasing by 18.76% compared to the first ten months of 2019) and in the counties of Timis (1,120, ...

RTPR advises Aegon on the sale of its business in Romania, the 8th M&A deal in the last 6 weeks

Wednesday, December 9, 2020

RTPR has assisted Aegon in relation to the sale of its operations in Romania to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG), as part of a regional deal with a total value of EUR 830 million. The transaction included Hungary, Poland, Romania and Turkey and involved insurance, pension and asset management business.   The deal was coordinated by Allen & Overy Amsterdam, the project team ...

The Top IT Developers In Romania

Wednesday, December 9, 2020

The software industry in Romania is expected to rise by 12.5% in 2020, reaching a business volume of roughly EUR 8.2 billion, according to a KeysFin forecast. However, the rise is much more temperate than in 2019, when the IT sector reported a turnover of EUR 7.3 billion, almost 20% more than in 2018 and by almost 70% as against 2015.   All in all, the software industry ...

Albini Prassa and Tissot: Celebrating 100 years from the Romanian-French collaboration that started paved the way for aviation as we know it

Wednesday, December 9, 2020

Albini Prassa and Tissot are celebrating 100 years since the foundation of CFRNA, the French-Romanian company that connected Europe by air. They are paying tribute to its story with the launch of the limited-edition Tissot Heritage Navigator "Sageata Orientului", named after the original route S?geata Orientului, Flèche d'Orient or Arrow of the Orient.   Albini Prassa, the official distributor of ...

RTPR advises founders on Te-Rox Prod sale

Wednesday, December 9, 2020

RTPR has assisted the shareholders of Te-Rox Prod, a Romanian company and a leading European producer of covers and harness systems for child safety seats in relation to the sale of the business to the Swedish group Holmbergs. Holmbergs is a global market leader in the growing niche markets of safety products and systems for child safety seats, as well as for the secured transportation industry. The transaction was signed at the end of October and now it was closed ...

Agroserv Mariuta started trading on Bucharest Stock Exchange

Wednesday, December 9, 2020

Agroserv Mariuta, the company that operates under the dairy brand Laptaria cu Caimac, took the first step on the Bucharest Stock Exchange (BVB) on December 8th, where the company’s first bond issue was listed. The bonds were listed on BVB’s Multilateral Trading System (SMT) and are traded with the MILK25E ticker.   “We are glad that the entrepreneurs who created the Laptaria cu ...

Survey “Transfer pricing in Romania”

Wednesday, December 9, 2020

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The audit and tax consulting company PKF Finconta launches the second edition of the survey “Transfer pricing in Romania” which identifies the most important issues related to transfer pricing, as perceived by directors and managers of companies in 2020. Prepared two years after the first edition was published, the current survey report also presents comparative data indicating trends and developments in this area ...

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