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Romanian, Australian companies enter partnership to build lithium-ion battery recycling plant in Romania
Wednesday, February 7, 2024
Asociatia Sistemul National de Reciclare a Bateriilor (SNRB Association) of Romania and local Wood Expert Solution SRL (WES) recycler of electrical and electronic waste are part of a partnership with Redivium Australia under which they committed to work together to complete a feasibility study for a 10 tonne per day 'Spoke' battery recycling plant.According to a SNRB press statement released on Friday, here will be an investment of over EUR 40 million in a lithium-ion ...
The number of natural, legal persons incorporations, down almost 4pct in 2023
Wednesday, February 7, 2024
The number of incorporations of natural and legal persons in Romania decreased in 2023 by 3.78%, y-o-y, down to 147,026, of which almost 66%, or 96,839, are limited liability companies limited (SRL), according to data centralised by the National Companies Registry Office (ONRC).Most of the incorporations were in the city of Bucharest, 31,091 (up 6.96% y-o-y), and in the counties of Ilfov - 7,950 (up 0.21%), Cluj - 7,921 (down 13.89 %), Timis - 6,606 (down7.04%) and Bihor - ...
Bittnet Systems plans to launch two or three bond issues in 2024
Wednesday, February 7, 2024
Bittnet Systems intends to launch two or three bond issues in 2024, with similar characteristics to the one listed on the Bucharest Stock Exchange (BVB) on Friday, announced Mihai Logofatu, Bittnet's CEO.Bittnet Systems (stock symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), listed a new bond issue on the stock exchange on Friday, worth RON 10 million, according to a BVB press release.The new ...
Rheinmetall announces Romania acquisition
Wednesday, February 7, 2024
The German defence group Rheinmetall said on Thursday it was acquiring a majority stake in Romanian vehicle maker Automecanica Medias as it looks to expand its footprint as a manufacturer of military vehicles. Rheinmetall said it would hold a 72.5% stake in the company through ...
Agile Networks Technologies and Salesforce become ALRO's partners to increase sales digitalization
Wednesday, February 7, 2024
Agile Networks Technologies, provider of IT solutions for digitizing sales processes, with experience in the DACH region (Germany, Austria, Switzerland) and ...
evoMAG ups sales by 20% in 2023, expects similar growth this year
Wednesday, February 7, 2024
Romanian e-commerce retailer evoMAG said it ended 2023 with sales of EUR 42 million, an increase of about 20% compared to 2022. For this year, the company estimates a business growth of between 10% and 20%, depending on the development of the corporate segment and sales to public institutions. Last year, evoMAG recorded the highest sales in established product categories, namely mobile phones, laptops, components, and ...
Accenture Report Finds Perception Gap Between Workers and C-suite Around Work and Generative AI
Wednesday, January 31, 2024
* To achieve the full potential of AI, organizations must reinvent work, reshape the workforce and prepare workers A new report from Accenture (NYSE: ACN) reveals an urgent need for business leaders to look beyond how generative AI affects specific tasks and roles and, instead, start to scale gen AI by redesigning processes across their organizations, as well as how people experience work. To do this, ...
Avis celebrates 30 years of activity in Romania
Wednesday, January 31, 2024
Avis, a global transportation provider, is celebrating 30 years of activity in providing rent-a-car services to customers in Romania and being a witness and top contributor to the significant changes in the local market. Over the past three decades, an increasing number of people have shown interest in car rental services and the car rental industry continues to have a significant growth ...
Despite geopolitical tensions, investors are looking toward a profitable 2024
Wednesday, January 31, 2024
Macro commentary by eToro analyst for Romania, Bogdan Maioreanu The beginning of 2024 is not the best we could have had. From the conflicts in the Middle East, Ukraine and the geopolitical tensions in Asia, to social movements in some of the European countries including Germany, France and Romania and a huge dose of elections, it starts to be shaped as a year with a lot of uncertainty and ...
Dan Steel Group Beclean Wire Factory Sold For 7.5 Million Euros
Wednesday, January 31, 2024
The Dan Steel Group Beclean wire factory, one of the most important companies in the Romanian metallurgy industry, in bankruptcy, was sold at a public auction for 7.5 million euros to Intertranscom Impex SRL, manufacturer of welded mesh from Bac?u. The new owner plans to restart production and to retransform the factory in one of the main employers in Beclean. “We have succeeded, following a comprehensive and rigorous process, to identify ...
BAT achieves Global Top Employer certification, a distinction bestowed on only 15 companies worldwide in 2024
Wednesday, January 31, 2024
BAT is proud to announce the Top Employer certification in Romania, following a complex evaluation process that certifies employers with best practices in the human resources area. BAT is a strategic employer in Romania, with over 3,000 employees in the 3 economic entities present in the market and over 30,000 jobs generated on the distribution and supply chain. The number of BAT employees has increased with an average of 10% annually, in the over 25 years of presence in Romania. The number ...
JTI Romania, Top Employer every year since 2014
Wednesday, January 31, 2024
JTI Romania is Top Employer for the 11th year in a row, certification being received after an in-depth assessment realized by the Top Employers Institute. JTI was rated for more than 20 criteria such as leadership, work environment, on-boarding, talent attraction, development policies, learning, well-being, rewards, and recognition. Alexander Pitchka, General Manager JTI Romania, Moldova, and Bulgaria: ”This certification is fundamentally ...
M&A market registered 241 transactions estimated at 7.1 billion dollars in 2023
Wednesday, January 24, 2024
The Romanian mergers and acquisitions (M&A) market recorded 241 transactions1 during 2023, with a total estimated value of US$ 7.1bn2. This indicates a 6.1% increase by estimated value on a year-on-year basis (US$ 6.6 billion in 2022) and a 6.2% reduction compared to the transaction count of 2022 (257). On a global level, M&A activity during 2023 continued its downward trajectory, extending ...
Lockheed Martin and Aerostar Open S-70 Black Hawk Maintenance, Repair and Overhaul Service Centre in Bacau
Wednesday, January 24, 2024
* New facility will create and sustain high skilled jobs in Romania’s aerospace industry Lockheed Martin, and Aerostar S.A., have inaugurated the first certified S-70 Black Hawk helicopter maintenance, repair and overhaul (MRO) service centre in Europe. This new capability strengthens the exiting relationship between Lockheed ...
PENNY is recognized as Top Employer 2024 in Romania, for the third consecutive year
Wednesday, January 24, 2024
Through its innovative approach to human resources management, PENNY has obtained for the third consecutive year the title of Top Employer in Romania. The distinction is awarded by the Top Employers Institute and reflects PENNY's commitment to its team. The Top Employers Institute, recognized globally for evaluating human resources practices, certifies organizations based on rigorous ...
PepsiCo Romania recognized as a Top Employer for the 11th consecutive year
Wednesday, January 24, 2024
PepsiCo Romania, one of the leaders in the food and beverage industry, has been awarded for the eleventh consecutive year the international Top Employer certification by the Top Employers Institute in the Netherlands. Certification as a Top Employer attests to PepsiCo's commitment to fostering a positive and inclusive work environment, thereby creating meaningful opportunities for its employees. Through ...
Daimler Truck Financial Services Begins Operations in Romania in Partnership with Raiffeisen Leasing
Wednesday, January 24, 2024
Last year, Daimler Truck Financial Services GmbH launched a strategic partnership with Raiffeisen Bank International Group, one of the largest providers of corporate and investment banking services in Austria and a leading universal bank in Central and Eastern Europe, with a presence in Romania. Daimler Truck Financial Services powered by Raiffeisen Leasing offers a complete range of financing solutions including ...
Accenture Technology Vision 2024 launch “Human by Design” Technologies
Wednesday, January 24, 2024
* AI and other technologies will amplify the potential of people and organizations to achieve new performance frontiers in business and beyond New research from Accenture finds the world is in the midst of a massive technology shift, as AI and other disruptive technologies become “Human by Design”—much more human-like and intuitive for people to use— and ...
Romaero Became Insolvent
Wednesday, January 24, 2024
Romaero, the Romanian state’s leading aerospace technology company, has entered insolvency, Digi Economic reports. The company, which is owned by the Ministry of Economy, became insolvent after several years of losses and poor management decisions. Romaero owns a huge plot of land in one of the most expensive neighborhoods in the country: ...
New EMAG Chief Marketing Officer For Romania, Hungary And Bulgaria
Wednesday, January 24, 2024
eMAG strengthens its regional management team and appoints Mircea Tomescu to the position of Chief Marketing Officer for Romania, Hungary and Bulgaria. In this role, Mircea Tomescu, a professional with over 25 years of experience in strategic communication and management, will coordinate brand and marketing strategy and execution together with the integrated marketing teams in the three ...