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DS Smith invests 11 million euros in Zarnesti factory until 2023

Wednesday, May 12, 2021

DS Smith, the manufacturer of cardboard package announced on Wednesday that it invests 11 million euros until 2023 in Zarnesti factory, to replace the sewer system, to purchase the commission a new technological water cleansing system and an incinerator.    The paper package factory will focus on efficient operations, environment protection and sustainable local development.   Over 2021-2023, DS Smith Zarnesti ...

Prodlacta Brasov estimates 34% higher incomes this year

Wednesday, May 12, 2021

  Prodlacta dairy factory in Brasov estimates overall incomes of 132.59 million lei this year and a profit of 2.79 million lei, according to indicators approved by shareholders last week.   In 2020, Prodlacta recorded a profit of 1.6 million lei and total incomes of 99.12 million lei. Exports had a value of 24.84 million lei.   In 2020, the company made investments of 3.8 million lei. On December 31, 2020 ...

Bitdefender welcomes Matthew Selheimer as marketing SVP at its Business Solutions division

Wednesday, May 12, 2021

Romanian provider of IT security solutions Bitdefender announced the appointment of American Matthew Selheimer as SVP of the company's Business Solutions division.According to a company release, in his new position, Selheimer will be in charge of increasing the visibility of Bitdefender business products amid growing demand for prevention, detection and incident response solutions.I am excited to join the Bitdefender team at an important time in the company's ...

Bunnyshell receives 1.1 million euro investment

Wednesday, May 12, 2021

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 The Romanian start-up Bunnyshell, which is building technology for cloud infrastructure, received a new investment, worth 1.1 million euro, from the investment fund Early Game Ventures (EGV), according to a press release of the company, sent on Thursday.The transaction is the second investment of the EGV in Bunnyshell, and the legal assistance was ensured by the DLA Piper team, including the set of documents necessary for the entire process. Bunnyshell was represented ...

Medicover reports 42% higher Q1 revenues în Q1/2021

Wednesday, May 12, 2021

Swedish group Medicover, operating in Romania through the Medicover medical division and the Synevo laboratory division, reported cumulative revenues of EUR 43.1 mln on the Romanian market in the first quarter of the year, up 42% compared to the same period of the year last.   "Our revenues rose in the first quarter, providing a strong foundation for meeting our strategic priorities. Although the uncertainty remains high in 2021, we will continue to ...

MedLife gets EUR 143 mln syndicated loan to continue its expansion

Wednesday, May 12, 2021

MedLife Medical System (M), the leader of the private medical services market in Romania, has contracted a syndicated loan of approximately EUR 143 million, increasing the existing facilities by EUR 40 million. The ...

Romanian Post modernizes, allocates 11 mln lei to buy IT equipment

Wednesday, May 12, 2021

 Romanian Post is modernizing and allocating approximately 11 million lei for the purchase of workstations, respectively central units, monitors, keyboards and operating systems.According to an announcement posted on relevant procurement platform, the Romanian Post intends to organize an open tender for the acquisition of a number of 3,500 workstations, the total estimated value being 10.973 million lei. The tender will be electronic. The award criterion is the best ...

Number of deregistered companies, up 16.5% in Q1

Wednesday, May 5, 2021

 The number of deregistered companies nationwide increased by 16.52% in the first three months of 2021, compared to the same period of last year, to 16,069 deregistrations, according to statistics from the National Trade Registry Office (ONRC).Most deregistrations were registered in Bucharest - 2,518 (plus 34.44% compared to January-March 2020) and in the counties of Timis - 723 (plus 32.18%), Constanta - 706 (plus 14.8%) and Cluj - 695 (plus ...

ONRC: 1,236 companies with foreign participation in share capital, registered in Q1 2021

Wednesday, May 5, 2021

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The number of newly established companies with foreign capital in Romania increased in the first three months of 2021 by 2.9% compared to the same period in 2020, to 1,236 units, according to data centralized by the National Trade Register Office (ONRC).The 1,236 new companies had a total invested share capital of 12.316 million dollars, 6.1 times higher than that of companies registered in January-March 2020, of 2.015 million dollars.Depending on the ...

TERRA Romania aims for a 15% increase in business in 2021

Wednesday, May 5, 2021

TERRA Romania, part of the Austrian group TERRA Holding, one of the most important distributors on the market of construction and industrial equipment, has budgeted sales of 42 million euros for 2021, increasing by 15% compared to the previous year.   The growth of the business is based upon the integration in their portfolio of a new partner – DYNAPAC (manufacturer of asphalt compactors and distributors), the launch ...

Optim PM wins Project Management contract with Continental Automotive Serbia

Wednesday, May 5, 2021

Optim Project Management hasbeen appointed to project manage the construction of a new Continental electronics assembly and manufacturing facility in Novi Sad.   The facility will have a GBA of 29,500 sqm and ...

A new P&G Plant in Urlati to serve European Consumers with Ariel PODS Innovation

Wednesday, May 5, 2021

Procter & Gamble inaugurates a new manufacturing site in Urlati, Prahova County. The new plant will produce Ariel PODS which is the Company’s latest laundry detergent innovation.   By exporting Ariel PODS in many European ...

About 95% of companies in the outsourcing industry in Romania will implement hybrid work after the pandemic

Wednesday, May 5, 2021

Around 95% of the companies in the local outsourcing industry will implement hybrid work arrangements, combining office and remote work, after the pandemic, a survey of the  Association of Business Service Leaders in Romania (ABSL) quoted ...

More than half of Romanian SMEs claim there are barriers to digital transformation

Wednesday, May 5, 2021

Small and medium-sized enterprises (SMEs) operating in Romania are bringing up the rear in the European Union (EU) digital transformation rankings, but overall they are more cautious and willing to take this step than those in countries with more advanced in the digital transformation process, show findings of the specialist analysis "Barriers to digital transformation of the public and private sectors in Romania," published on Wednesday by the Authority for the ...

Impact's balance sheet for 2020, approved by GMS: revenues increased by 28% due to sales in Greenfield Baneasa and Luxuria Residence projects  

Wednesday, May 5, 2021

The General Meeting of Shareholders approved the financial statements of Impact Developer & Contractor for 2020. The company's balance sheet shows revenues worth 42.3 million euros, obtained from home sales in the projects Greenfield Baneasa and Luxuria Residence. The revenues increased by 28% compared to 2019, thus representing ...

 Venture Capital Investors increase their investments in Romanian Startups despite the COVID-19 crisis

Wednesday, May 5, 2021

The majority of Romanian VC funds continued to make investments in 2020 even during the Covid-19 crisis, while a third of private equity funds and business angels made no investments.   Confidence in the long-term growth prospects of the VC and PE industry has remained very positive and the acceleration of digitization resulting from the crisis is seen as a substantial opportunity, according to the European Investment Fund ...

Romanian company DocProcess opens commercial office in USA

Wednesday, April 28, 2021

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DocProcess, a leader in the automation of business processes in Romania, announced on Tuesday the opening of a commercial office in the USA , pointing out that global pandemic changed the way in which companies function and collaborate among themselves and with public institutions.   The Austin office is the third location opened by DocProcess abroad. In 2018 the company inaugurated a research and development center in Grenoble, France and in April ...

Alten wants to hire 100 IT and engineering specialists in Romania

Wednesday, April 28, 2021

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Alten, the local subsidiary of the French group and one of the most important IT and engineering consulting companies, wants to hire 100 IT and engineering specialists this year for offices in Romania, thus reaching 730 employees, the company announced on Tuesday.   “The company plans to reach a number of 730 employees in 2021, after recruiting 100 IT and engineering specialists for offices in Romania,” a press release of the company ...

6,755 companies shut down during Q1 of this year

Wednesday, April 28, 2021

The number of shut down companies has gone down by 13.1% in 2021, in comparison with the same period of the previous year, to 6,755, from 7,773 during the period of January-March 2020, according to the National Trade Register Office (ONRC).The highest number of closed companies was registered in the Bucharest Municipality, with 1,270 companies (dropping by 7.16%) and in the counties of Iasi (323, plus 38.03%), Timis (315, minus 21.84%), Constanta (312, minus 28.44%) and ...

P&G inaugurates new plant in Romania

Wednesday, April 28, 2021

Procter & Gamble inaugurates a new manufacturing site in Urla?i, Prahova County, today. The new plant will produce Ariel PODS which is the Company’s latest laundry detergent innovation.   By exporting Ariel PODS in many European countries, this greenfield investment is strengthening Romania as a production hub for P&G. Over 200 new jobs will be created while the new plant will introduce modern manufacturing solutions in detergent ...

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