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Tesla Opens Largest Showroom in Eastern Europe in Romania
Wednesday, September 11, 2024
Tesla has opened its largest showroom in Eastern Europe, located in Romania, marking a significant milestone in the automaker’s expansion across the region, ...
Sixty percent of companies in Romania allocating important resources for employee's well-being
Wednesday, September 11, 2024
Most companies in Romania (60%) are allocating resources for the physical and emotional well-being of their teams under well-being programmes, which include team building events, counselling and psychological assistance, as well as sessions for managing emotions and relationships, according to a survey released on Thursday.According to data with Exec-Edu, a company specialising in training, 41% of the organisations kept the same budget for the last two years, while 38% ...
VGP’s half year results 2024
Wednesday, September 11, 2024
VGP NV, a leading European provider of high-quality logistics and semi-industrial real estate, has reported a notable performance for the first half of 2024, ending on June 30. The company saw a pre-tax profit surge of 218% compared to the first half of 2023, reaching €154.6 million. This increase was fueled by €33 million in net rental and renewable energy income, joint venture management fee income of €15.7 million, and significant net valuation gains ...
Realworld Systems Expands Into U.S. Market With FCSI Acquisition
Wednesday, September 11, 2024
Realworld Systems, one of the players in the local market of automation and software integration solutions in the GIS (Geographic Information System) area, announces the acquisition of a majority stake of 75% in the American company Field Consulting and Services, Inc. (FCSI), a recognized provider of customized solutions for the Smallworld platform, serving telecommunications and electricity operators in the United States of America. This ...
Competition Council Reviews Baxi S.P.A.’S Acquisition Of G.I. Industrial
Wednesday, September 4, 2024
The Competition Council is analyzing the transaction by which Baxi S.p.A intends to take over G.I. Industrial Holding S.P.A. and its subsidiaries G.I. Middle Eastfze – DMCC, G.I. Industrial Asia Holding, SDN. BHD AND Gimek ZRT. Baxi S.p.A., Italy, has as its main activity the production and sale of heating and cooling systems intended mainly for domestic use, but also for commercial use. In Romania, Baxi markets ...
STRABAG selected as general contractor for The ARC, Bucharest’s new landmark office building
Wednesday, September 4, 2024
STRABAG Romania is proud to announce that it has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new state-of-the-art office building, “The ARC”. This new landmark development will bring a modern ten-story Class A office building to the 6th District of Bucharest, setting new standards for office spaces in the area. The ARC will offer 30,000 square meters of premium office space, ...
Alchemy acquires Romania's Bware Labs
Wednesday, September 4, 2024
US-based web3 infrastructure firm Alchemy said that it has acquired Romanian peer Bware Labs. The acquisition, whose value was not disclosed, marks Alchemy's expansion into the European blockchain market, allowing it to work closer with more projects and developers and to access a broader web3 talent pool, the US-based company said in a press release on Thursday. Web3 is the purported next iteration of the World Wide Web, whose main ...
Telekom Romania Mobile Communications Announces Changes In The Management Team
Wednesday, September 4, 2024
Starting from September 2, 2024, Florin Petolea, Chief Technology & Information Officer (CTIO) ends his collaboration with Telekom Romania Mobile Communications S.A., and will devote himself to projects of interest outside the company. Florin Petolea joined the company in January 2023 and contributed to the development and transformation of the Technology and Information Executive Department, prioritizing the quality of services offered ...
MedLife H1 net profit more than trebles
Wednesday, September 4, 2024
Romanian private healthcare services provider MedLife Group said on Friday that it booked a consolidated net profit of 17.4 million lei ($3.9 million/3.5 million euro) in the first six months of 2024, up from a profit of 5 million lei in the prior-year period.MedLife's consolidated operating income rose to 1.314 billion lei in the first half of the year, from 1.075 billion lei a year earlier, whereas its operating profit jumped to 78.4 million lei from 49.9 million lei, it said in an ...
Zentiva's profit up by almost 98% in H1 2024
Wednesday, September 4, 2024
Zentiva drug manufacturer registered a net profit of 143.025 million RON in the first half of this year, 97.7% higher than the one obtained in the same period of 2023, according to the data sent to the Bucharest Stock Exchange on Friday.(1 euro = 4.9769 RON)The company's turnover increased by 22.3%, from 450.6 million RON in the first six months of 2023 to 551.3 million RON in the first half of 2024, mainly due to the increase in sales of goods by ...
IAR Brasov registers rd 2.88 million euros in net profit, in H1
Wednesday, September 4, 2024
In the first half of 2024, IAR Brasov registered a net profit of 14.347 million RON (rd 2.88 million euros), down by almost 60% compared to the profit it had obtained in the same period last year, of 35.637 million RON, according to the report sent to the Bucharest Stock Exchange (BVB) on Friday.The profit before tax was 20.202 million RON (45.388 million RON in H1 2023), and the turnover was 224.355 million RON (286.408 million RON in H1 2023). Revenues ...
Courier Services in the Digital Age: Cargus Mobile App Exceeds 1.5 Million Downloads
Wednesday, September 4, 2024
Launched in 2021, the Cargus Mobile App consolidates the company's digital transformation direction by offering users a complete experience and advanced functionalities for parcel management. Cargus Mobile allows users to send parcels, track their route, direct delivery to the nearest Cargus SHIP & GO point, or return purchased parcels easily and quickly. Cargus announces that the Cargus ...
Resilience in Agricover’s first-half 2024 results
Wednesday, September 4, 2024
Agricover Group, one of the largest groups in Romanian agriculture, has published its financial results for the first half of 2024, reflecting the results of its strategy built around farmers’ needs, bringing stability in a challenging year for the agricultural sector. The group continued its relationships with over 10,000 farmers who accessed the products and services offered through the group’s three business segments- agri–finance, ...
One United Properties posts a consolidated turnover of 140.6 million euros in the first six months of 2024
Wednesday, August 28, 2024
One United Properties, Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a 10% increase in the profitability of the company’s key segments, which comprise the net income from residential properties and net rental income, while consolidated revenues reached EUR 140.6 million in the first half of 2024. Gross ...
Direct Pharma Logistics ends first semester of 2024 with business of 19.4 million euros
Wednesday, August 28, 2024
The group of pharmaceutical companies Direct Pharma Logistics closes the first six months of 2024 with a turnover of 19.4 million euros, up 12% compared to the same period last year, and an increase in EBITDA by 7%, according to a company press release."Our results reflect an increased performance compared to the same period last year. We are all focused, at the management level of the company, on improving several financial performance indicators, so that our group remains ...
Chimcomplex plans 2.2 bln euro biochemistry project
Wednesday, August 28, 2024
Romanian chemicals producer Chimcomplex Borzesti is planning to develop a major industrial platform, named the Iasi Biochemistry Plant, which will involve an investment of around 2.2 billion euro ($2.458 billion) over ten years, the company said on Monday. The industrial platform will be ...
VGP welcomes Miele Tehnica as new tenant in VGP Park Brasov
Wednesday, August 28, 2024
VGP, a European provider of high-quality logistics and semi-industrial real estate, signed a lease agreement with Miele Tehnica Brasov, a subsidiary of the German Miele group, for 2,000 square meters, within VGP Park Brasov. The company will use this space to assemble motors and pumps for Miele appliances (hoods, vacuum cleaners, washing machines). Production will start in August, in a BREEAM Excellent certified building. ...
DN AGRAR reports RON 83 million turnover and RON 35 million EBITDA in H1 2024
Wednesday, August 28, 2024
DN AGRAR Group , the largest integrated livestock farm in Romania, leader in cow milk production, concluded the first quarter of 2024 with a 4% increase in turnover compared to the same period last year, reachingRON 83 million. The company’s net profit remained stable at RON 15 million, similar to the first half of 2023, despite a 12% decrease in the average milk price. Jan Gijsbertus de Boer, ...
AFI Europe acquires ‘Bucharest Financial Plaza’ and plans to transform the iconic building into a sustainable mixed-use project
Wednesday, August 28, 2024
AFI Europe announces the acquisition of the ’Bucharest Financial Plaza’ office building, located in the central area of the Capital, as part of its plan to expand its portfolio in Romania. With this new addition, AFI Europe reaches a total of over 300,000 leasable sqm of office area in Romania, strenghtening its leading position in the real estate industry in the country. Informally known as the ...
Competition Council Investigates Profi Rom Food SRL For Unfair Practices
Wednesday, August 28, 2024
The Competition Council carried out unannounced inspections at the headquarters and workplaces of the company Profi Rom Food SRL in Timisoara and Bucharest. The inspections took place as part of the first investigation into possible unfair trading practices between companies in the agricultural and food supply chain. This case of in-depth research was triggered following the clues provided by the company Pr?v?lia D Art SRL, which made available ...