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SMEs in Hunedoara county can benefit from EUR 181 M through the Just Transition Mechanism
Wednesday, December 13, 2023
Small and Medium Enterprises (SMEs) in Hunedoara County can benefit from non-refundable financing worth almost 181 million euros through the Just Transition Programme intended, mainly, for companies that create new jobs in the areas affected by the closure of the mines.The financing guide of the Just Transition Mechanism (JTM) 2021-2027 for "Development of Enterprises and Entrepreneurship - Investments for the Development of SMEs," was presented to ...
M Core launches on the Romanian market with €219 Million acquisition
Wednesday, December 13, 2023
Pan-European commercial property collective, M Core, has officially launched into the Romanian market with its largest deal to date — an investment nearing €219 million consisting of 25 managed assets. The deal, which was completed on 6th December, sees M Core purchase a 132,000 sqm retail portfolio from Mitiska REIM, positioning the collective as the largest retail park property owner in the ...
The number of companies who suspended their activity in Romania in Jan-Oct 2023 up 2.76pct
Wednesday, December 13, 2023
The number of companies that suspended their activity in the first ten months of 2023 was 12,523, up 2.76% compared to the same period in 2022, according to data published by the National Trade Register Office (ONRC).The most companies that suspended their activity in the mentioned interval were based in Bucharest, respectively 1,475 (their number increasing by 23.99% compared to January-October 2022), followed by the Cluj-based counties, 826 (an ...
Clariant shuts down the bioethanol factory in Romania, barely opened in 2022
Wednesday, December 13, 2023
The Swiss chemical giant Clariant is closing its bioethanol factory in Podari, Dolj County, which it opened in ...
GROUPE ATLANTIC opens its first factory in Romania, in Prahova county 60 million euros invested, 370 jobs by 2026
Wednesday, December 6, 2023
GROUPE ATLANTIC, one of the leaders in the HVAC (Heating – Ventilation – Air Conditioning) industry, will open a factory in Romania, in the PWP Bucharest North industrial park, Prahova county. With 31 industrial sites and 43 commercial locations, the group is already present on 5 continents and is expanding its presence in our country. The new site will receive an investment of 60 million euros, ...
Aquila invests over 6 mln euro in fleet renewal
Wednesday, December 6, 2023
Romanian fast-moving consumer goods (FMCG) distribution and logistics company Aquila said that it has invested more than 6 million euro ($6.6 million) in renewing its fleet this year. For 2023, Aquila has budgeted 12.7 million euro for investments, of which 7.6 million euro for the purchase of vehicles, the company said in a press release. The ...
Romanian Startup among the best in Central and Southeast Europe at BASF Innovation Hub Competition
Wednesday, December 6, 2023
Romanian startup Peelhy won the regional phase of pitch competition for sustainable future, organized for Central and Southeast Europe, called BASF Innovation Hub. Peelhy’s founder Marius Pasculea is developing an idea for decontamination of fresh fruits ...
Threats to European companies in 2024: Cyber attacks and fake news top the list
Wednesday, December 6, 2023
Social polarisation, the rise of fake news and loss of trust in authority form the top of the biggest threats to European companies in 2024, including from a crisis communication perspective. Cyber-attacks rank particularly high and remain the biggest risk to organisations, with cyber-crime estimated to cost the global economy $10.5 trillion annually by 2025. This is the conclusion drawn at the end ...
5,378 companies enter insolvency in the first ten months of 2023
Wednesday, December 6, 2023
The number of commercial companies and authorized natural persons (PFA) entered insolvency decreased by 0.17% in the first ten months of 2023, compared to the similar period last year, with 5,378 insolvencies being registered, according to the data posted on the website of the National Trade Register Office (ONRC).The most companies and PFA in insolvency were registered in Bucharest, respectively 1,084, a number increasing by 17.83% compared to the ...
Damen Shipyard Galati sets new robotic micro-panel manufacturing line into operation
Wednesday, December 6, 2023
The Damen Shipyard in Galati inaugurated a new robotic line for the manufacturing of micro-panels, following an investment financed by Exim Banca Romaneasca."On November 27, Damen Shipyard Galati was the host of a major event represented by the inauguration of a new investment: the PEMA robotic line for the manufacturing of micro-panels, recently delivered and set into operation. The ceremony was officiated by Ambassador of the Kingdom of the Netherlands in ...
124,787 individuals and legal entities registered in the first ten months of 2023
Wednesday, December 6, 2023
The number of registrations of individuals and legal entities decreased in the first ten months of 2023, year-over-year, by 5.9%, to 124,787, of which 81,246 limited liability companies (LLC), according to data centralized by the National Companies Registry Office (ONRC). The most registrations were recorded in the municipality of Bucharest, namely 26,130 (plus 4.17%, compared to January-October 2022), and in the ...
Bozankaya, the manufacturer of trams in Iasi and Timisoara, delivers the first driverless metro produced in Turkey
Wednesday, November 29, 2023
Bozankaya, a rolling stock manufacturer already present in the Romanian market, has delivered Turkey’s first driverless metro in Kocaeli. The project represents a revolutionary step in the evolution and modernization of railway infrastructure, opening new horizons in European mobility. The inauguration ceremony took place at the Bozankaya ...
SoftServe opens headquarters in Romania
Wednesday, November 29, 2023
Ukrainian provider of software and consulting services SoftServe, among the largest technology companies in Eastern Europe, inaugurated the first headquarters in Romania, in Bucharest, and will conclude 2023 with an increase of over 200% in the number of employees ...
More than half of active enterprises provide market services
Wednesday, November 29, 2023
More than half of the total number of active enterprises, namely 51.1%, had market services as their main activity in 2022, and the highest average number of employees, representing 38% of the total, was recorded in this sector, according to a press release issued by the National Institute of Statistics (INS).In 2022 the average number of employees increased 1% compared to 2021. Businesses in the market services sector had the largest share in terms of average number ...
OTE wants to take over Telekom Romania Mobile Communications
Wednesday, November 29, 2023
Quantum Project, a project company controlled by Romanian entrepreneur Adrian Tom?a, announces that it has signed a binding agreement with OTE, a telecommunications company subsidiary of Deutsche Telekom, for the acquisition of a 99.9999994% stake in Telekom Romania Mobile Communications. The completion of the transaction is subject to obtaining all necessary approvals from the competent institutions of the Romanian State, in parallel with finalizing the terms of the ...
Anchor Grup’s retail portfolio shows growth in Q4
Wednesday, November 29, 2023
Anchor Grup, one of the most important real estate developers on the local market, announces new names in its retail portfolio, in both shopping centers it owns – Bucuresti Mall-Vitan and Plaza Romania. Anchor Grup’s two malls have been positioned, since the beginning, as one-stop shop destinations and continue to offer brands that meet the needs and preferences of their consumers. In addition, the occupancy rate of the two shopping centers remained ...
Jimmy Key Opens the Second Store in Romania
Wednesday, November 29, 2023
Jimmy Key company from Turkey, with over 30 years of experience in womenswear, will open in 8th of December the second store in Romania within the AFI Cotroceni in Bucharest, developed by AFI Europe. Jimmy Key has leased a space in the project through a transaction brokered by the real estate consultancy company Cushman & Wakefield Echinox. “We are very glad to announce the opening of the second Jimmy Key location in Bucharest, after the entering Romania ...
Hengst buys factory close to Ford plant in Romania to produce air filters
Wednesday, November 29, 2023
German company Hengst Filtration bought the former IAC factory in Bals, southern Romania, where it plans to produce air filters, announced Catalin Rotea, the mayor of the city. "Now, we have an investor in Bals - Hengst Filtration, who bought the IAC factory. They will move a factory from Germany to Bals. In January, they want the factory to be functional, and in December, they want to have at least 100 employees, and they want several hundred jobs ...
Top 10 brand owners in Romania
Wednesday, November 29, 2023
The Brand Defender Association for the Defense of Intellectual Property Rights Holders announces the Top 10 Brand Owners in Romania. The top was created in accordance with the applications submitted in the last 10 years to the EUIPO – the European intellectual property office that analyzes and issues certificates valid for all 27 EU states – and OSIM – the office that legally covers only the territory of Romania ...
Biofarm, net profit of almost 70 million RON in 9 months
Wednesday, November 22, 2023
The drug manufacturer Biofarm registered a net profit of 69.9 million RON in the first nine months of the year, up 6% compared to the same period last year, according to a company statement.The turnover increased by 10%, reaching 229 million RON, compared to 209 million RON in 2022. EBITDa reached 81.6 million RON during the mentioned period.In the first nine months of 2023, Biofarm occupied the 2nd place in the CHC (Consumer Healthcare) segment, in terms ...