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Reynaers Aluminum will invest 1.4 million euros in Romania in next five years

Wednesday, September 11, 2019


Reynaers Aluminum Romania, part of the European aluminum solution group for constructions, announced on Thursday an investment plan of 1.4 million euros for the next 5 years for local expansion and development. “The latest action is the relocation of the new  headquarters, which includes a 200 square meters showroom, which supposes a total budget of over 500,000 euro,”a company press release reads. On a medium ...

Competition Council analyzes transaction by which Formel Dtakes over CPS SAS

Wednesday, September 11, 2019

The Competition Council announced on Thursday that it analyses the transaction by which the German company Formel D takes over the French company CPS SAS, service suppliers supporting vehicle and vehicle  part manufacturers to ensure the quality of their products. “According to the provisions of Competition Law (no.21/1996) this operation is an economic concentration that has to be authorized by the Competition Council. The competition ...

Shane Dowling returns as general manager of ALD Automotive Romania

Wednesday, September 11, 2019


The operational leasing company  ALD Automotive announced on Thursday the nomination of the Irish Shane Dowling as general manager of  ALD Automotive Romania as of September 1. He had the same position between 2011 and 2016. At the same time, Dowling will continue to hold the position of regional   ALD Automotive manager for South-Eastern Europe, coordinating the activity of four countries, Romania, Bulgaria, Greece and ...

Elena Pap, CEO of Up Romania, appointed regional director within the French group

Wednesday, September 11, 2019

The CEO of Up Romania, Elena Pap, was appointed as regional director within the French group, supervising the businesses in Romania, Bulgaria, Moldova, Serbia and Greece. Elena Pap is the first female director of an international subsidiary within the group appointed to the executive board. Elena Pap takes over the duties from her predecessor, Julien Anglade, who recieved a new role within the executive board of the French ...

EY Romania appoints Alice Ivanovici as Partner in the Audit department

Wednesday, September 11, 2019

EY Romania has announced the appointment of Alice Ivanovici as the newest Partner in the company’s Audit department. Ivanovici has 17 years of experience in financial audit, of which 13 have been spent at EY. She specializes in audit for companies in the oil & gas, shared services and industrial products sectors. Over the years, Ivanovici has been involved in auditing major multinational companies which were listed on ...

Colliers International appoints Andy Hay as Head of EMEA Real Estate Management Services

Wednesday, September 11, 2019

Leading global commercial real estate services and investment management firm Colliers International announced the appointment of Andy Hay as its new Head of EMEA Real Estate Management Services (REMS), effective immediately. In this new role, Hay will focus on driving the continued growth and success of the firm’s REMS division, improving client experience, developing relationships and optimising its EMEA service delivery model. “I am ...

ONRC: Almost 528,000 women were shareholders or associates in Romanian companies, in end-July

Wednesday, September 11, 2019

The number of women shareholders or associates in Romanian-based companies was 527,720 in end-July 2019, 37.48 per cent of the total shareholders or associates respectively, according to data released by the National Trade Register Office (ONRC).According to the centralized data, there were 880,185 men shareholders or associates in the 968,510 active companies in Romania.The total number of associates/individual shareholders was 1.408 million in the ...

Biggest fertilizer exporter in Turkey buys Agrium Agroport

Wednesday, September 4, 2019


The Turkish group Toros Tarim  and Canadian shareholders of Agrium Agroport recently signed a take-over agreement which will be completed by the creation of a new company – Toros Agroport Romania SA- to be registered in September, “Ziarul Financiar” announced.  The value of the transaction has not been disclosed. Agroport, a farming business, was set up by the Romanian Florin Radu who got under the umbrella of the Canadian group Agrium in 2014, in ...

Veeam Software increases Bucharest office space to allow team expansion

Wednesday, September 4, 2019

Veeam Software, the leader in backup solutions that deliver Cloud Data Management, has announced that it would lease another 2,300 sqm in Business Garden Bucharest in order to accommodate its growing team in Romania. The company is planning to grow its team by 50 percent this year, reaching 600 employees at the end of 2019, compared to 400 at the beginning of the year. The new office space, located in a modern A+ building recently built in the proximity of the easily accessible ...

Deloitte Romania launches automation platform for SMEs and corporations

Wednesday, September 4, 2019

Deloitte Romania launches automation platform Processo, which allows users to create business processes, decision models and integration points with systems already used in the company. Created by the technology team ...

ONRC: Number of companies that went into dissolution down 6.92 pct in 7 months

Wednesday, September 4, 2019

The number of companies that went into dissolution in the first seven months of 2019 went down by 6.92 per cent compared to the same period last year, to 19,872 units, compared with 21,349 companies recorded in 2018, accorded to data centralized by the National Trade Register Office (ONRC).Most dissolutions were recorded in Bucharest - 3,450 companies (down by 19.88 per cent against the first seven months in 2018) and Timis county - 999 (minus 11.36 per cent), Constanta - ...

Start-ups on foreign capital, up 0.3pct, Jan.-July 2019; share capital, up 37.4pct

Wednesday, September 4, 2019


The number start-ups on foreign capital in the first seven months of 2019 increased by 0.3pct from the same period of the previous year, to 3,348, according to data with the National Companies Registry Office (ONRC).The 3,348 new companies had a subscribed share capital of 13.59 million US dollars, up 37.4pct from January-July 2018.According to ONRC, between 1991 and July 31, 2019, 224,682 companies were established on foreign capital, with the total value of the ...

Bloomberg: Liberty Steel to spend more on Galati plant in Romania

Wednesday, September 4, 2019

British tycoon Sanjeev Gupta’s British tycoon Sanjeev Gupta’s Liberty Steel plans to weather the trade war threat to its steel business by pumping money into the European plants it recently bought from ArcelorMittal, ...

Company deregistrations up 53 pct over Jan - July 2019

Wednesday, September 4, 2019

Company deregistrations were 52.87 pct up, at 74,189, in the first seven months of 2019 from the same period of 2018, shows statistical data of the National Trade Register Office (ONRC).Bucharest tops the list with most deregistrations - 8,376 companies (11.68 pct more YoY), followed by the counties of Iasi - 4,065 (+108.35 pct), Maramures - 2,791 (+132.58 pct) and Cluj - 2,751 (+33.35 pct).Conversely, the counties with the fewest deregistered businesses were Ialomita ...

Gijs Klomp is the new Head of Investment Properties for CBRE Romania

Wednesday, September 4, 2019

CBRE, the global and national leader in real estate market consultancy, is expanding its Romanian management team by recruiting Gijs Klomp as the new Head of Investment Properties for CBRE Romania. Klomp has over 17 years of experience in real estate and was involved in investment transactions worth more than EUR 2 billion. “The Romanian investment market is going through an eventful period as we estimate for the entire 2019 a transactional volume surpassing the EUR 1 billion ...

The 2019 edition of the Programmer’s Week Conference to be held in September

Wednesday, September 4, 2019


The 2019 edition of the Programmer’s Week Conference, one of the largest technology events in Romania, will be held September 9-13 in Bucharest. New to this year’s event is the ability for developers from across the globe to join in select activities, including Tech Talks presented by Cognizant Softvision executives and other technology luminaries.  This year, Programmers’ Week will highlight the intersection of business and technology.  Activities will ...

The Competition council authorized the taking over by H.I.G Europe of some assets owned by Covestro Deutschland

Wednesday, August 28, 2019

The competition council authorized the trading through which H.I.G. Europe takes over the business with polyuretanic systems in Europe of Covestro Deutschland according to a press release of the institution in competition.H.I.G.Europe is part of the Group H.I.G. which works in Romania in the domain of recycling, media/IT, solutions for hydrocarbs, production and distribution of furniture and sanitary objects, online commerce.Covestro Deutschland ...

Insolvencies fall by almost 29pct, Jan.-July 2019, to 3,733

Wednesday, August 28, 2019

   The number of firms and individuals facing insolvency fell by almost 29 percent in the first seven months of 2019 compared with the same period of 2018, to 3,733 insolvencies, according to data posted on the website of the National Companies Register Office (ONRC).Most of them were in Bucharest, namely 632, down 38.88 percent from the same period of 2018. The ranking continues with the counties of Bihor, ...

Tesla to start deliveries to Romania, Slovenia

Wednesday, August 28, 2019

US electric automobile manufacturer Tesla said it will start deliveries to Romania, Slovenia, Poland and Hungary in early 2020. Deliveries of Model 3, Model S and Model X in selected countries will start at the beginning of next year, Tesla said in a social media post on Friday. In March, Tesla said it plans to install its Supercharger modules in the Romanian cities of Bucharest, Galati and ...

As many as 8,715 startups created through EU-funded entrepreneurship schemes

Wednesday, August 28, 2019


As many as 8,715 companies have been created through the Diaspora Start-up, Romania Start-up Plus and Start-Up Nation programs, under EU-funded entrepreneurship schemes, minister of European Funds Roxana Minzatu told a press conference on Thursday.The official said that the situation is dynamic, as new businesses are further being set up with European funding.According to national centralized data, recreational and fun activities (CAEN code 9329) ...

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