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Competition Council Probes LPG Port Operations Market
Wednesday, January 22, 2025
The Competition Council has launched an investigation into a possible abuse of dominant position by Octogon Gas & Logistics SRL in the liquefied petroleum gas (LPG) port operations market. Octogon Gas & Logistics SRL, owned by NSS Oil & Gas SRL, is the only company providing LPG port operation services (unloading/loading, handling/transshipment, storage) at Midia ...
FAN Courier acquires 60% of shares in romanian customs brokerage firm Marian’s Trading
Wednesday, January 22, 2025
FAN Courier, the leader of the local courier market, plans to acquire a majority stake in Marian’s Trading (MST), a customs brokerage firm with over 20 years of experience. By adding customs brokerage services, FAN Courier aims to expand its capabilities in the supply chain/logistics sector. The agreement, which grants FAN Courier a 60% share in the customs brokerage firm, was signed in December and is to be completed, one of the aspects being the approval process ...
Vladimir Sterescu , the first Romanian Appointed CEO of American Company CGS
Wednesday, January 22, 2025
Computer Generated Solutions (CGS), a global leader in outsourcing services, software applications and AR/VR-based learning solutions, announces the appointment of Vladimir Sterescu as President of the Global Outsourcing Division. He becomes the first Romanian to reach a top position in the global leadership structure of CGS. Moreover, Vladimir Sterescu is the only Romanian entrepreneur who managed ...
Artrom Steel Tubes signes takeover agreement with American company GLGH Steel
Wednesday, January 22, 2025
The Romanian seamless steel pipe producer, Artrom Steel Tubes S.A, has reached an agreement to be taken over by GLGH Steel, a company of the American investment fund Great Lakes Global Holdings, according to a press release of the Romanian company."As we are interested in exploring new opportunities for Artrom, we hope that the new government can take the necessary steps as soon as possible to allow Artrom to carry out its activity normally. ...
NXP secures €1 billion EIB loan to advance semiconductor innovation in Europe
Wednesday, January 22, 2025
· €1 billion EIB loan will help fuel NXP’s research, development, and innovation (RDI) efforts in Austria, France, Germany, The Netherlands and Romania · Loan will accelerate NXP’s RDI aimed at various end markets including automotive, Industrial, and Internet of Things (IoT) · Supporting critical EU ...
Autonom: This is our third successful showing, listing; timing was very important
Wednesday, January 22, 2025
Autonom on Tuesday listed its third bond issue worth EUR 30 million, and the private placement that took place in November 2024 was exclusively targeted at institutional and professional investors."This is our third successful issuance and listing of bonds for now. But the company is developing and looking at all the instruments on the capital market. I think it can be considered as a story of luck and inspiration. Timing was very important ...
Dulcinella Romania: For 2025 we aim to open a new factory in Targu Neamt
Wednesday, January 22, 2025
Dulcinella Romania, a Romanian network of confectioners and pastry shops with Bessarabian roots, plans this year to open a factory in Targu Neamt with a production area of 4,700 square meters and reach a turnover of EUR 10 million, up 30% compared to 2024. The investment to achieve these goals is three million euros, up almost 70% compared to 2024. Dulcinella is a brand created in 2005 in the Republic of Moldova, and ...
Sano Plans Major Investment in Romania
Wednesday, January 22, 2025
Sano, a detergent and cleaning products manufacturer owned by the family of Romanian-born Israeli industrialist Bruno Landsberg, is preparing a massive investment in the construction of a new logistics center near its factory in Pantelimon, for the storage of hygiene products, according ...
Ford Produces Over 250,000 Cars in Romania in a Single Year as a First
Wednesday, January 15, 2025
The Ford plant in Romania, owned by the Ford Otosan association in Turkey, recorded a production volume of 250,000 cars, with the help of the three manufactured models, the Puma and the two Couriers, which is a first in our ...
Zabka Group grows in Romania with froo, Exorigo-Upos supports implementation
Wednesday, January 15, 2025
Zabka Group, the European ultimate convenience ecosystem, has launched its expansion into the Romanian market with the new froo brand. Exorigo-Upos, with whom the company has worked for many years on the Polish market, was chosen as the implementation partner. The froo stores are modeled on their Polish counterparts. The execution of orders of this magnitude requires a wide range of skills and an in-depth understanding of all retail processes and ...
Competition Council fines Boehringer Ingelheim RCV with 128.5 M RON for abuse of dominance
Wednesday, January 15, 2025
The Competition Council has fined pharmaceutical company Boehringer Ingelheim RCV Gmbh & Co KG (Austria) with 128.470 million RON (25.81 million euros) for abuse of a dominant position on the Romanian market of medicines intended for the treatment of chronic obstructive pulmonary disease (COPD), according to a press release.The competition authority found that, over 2017-2021, Boehringer Ingelheim RCV Gmbh & Co KG limited market access to the generic medicine ...
Competition Council sanctions Holcim Romania, Romcim and Heidelberg Materials Romania with 217.9 M RON
Wednesday, January 15, 2025
The Competition Council has sanctioned the companies Holcim Romania SA, Romcim SA and Heidelberg Materials Romania SA with fines totaling 217.966 million RON (approximately 43.7 million euros) for coordinating pricing policies, according to a press release of this institution.Holcim Romania SA received the highest fine, amounting to 90.9 million RON (18.2 million euros), while Romcim SA was fined 66.123 million RON (13.3 million euros) and Heidelberg Materials Romania ...
SevenX Ventures increases stake in Holde Agri Invest and accelerate investments in development
Wednesday, January 15, 2025
Holde Agri Invest SA, one of Romania’s largest agricultural land operators, announces changes to its shareholding structure alongside the strategy for the company’s development in the coming years. SevenX Ventures has increased its stake in Holde Agri Invest, while Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, has increased his holding in SevenX Ventures to 71%, resulting to a reduction of Vertical Seven Group’s stake in the ...
Factory of plastic components for automotive industry to be built in Hunedoara
Wednesday, January 15, 2025
A new factory of plastic components for the automotive industry will be built on a plot of land at the entrance to Hunedoara municipality, with the works on this investment to be completed in the autumn of this year, so that production can begin at the end of 2025, the local administration informed on last Wednesday."Schieffer Industries today [Wednesday] handed over to the builder the site on which a new industrial production capacity will be built. It is about a factory ...
Total of 5,588 newly-established companies running on foreign capital, set up in first 11 months of 2024
Wednesday, January 8, 2025
A total of 5,588 newly-established companies running on foreign capital were set up in Romania in the first 11 months of 2024, down by 13.32% compared to the same period in 2023, according to data centralized by the National Trade Register Office (ONRC).The 5,588 new companies had a total subscribed share capital of almost 17.878 million USD, down 85.52% compared to the subscribed capital of the companies registered in the first 11 months of 2023, which totaled 123.431 ...
Over 74,400 companies deregistered nationally in first 11 months of 2024
Wednesday, January 8, 2025
A number of 74,409 companies were deregistered at national level in the first 11 months of 2024, by 23.99% more compared to the similar period in 2023, according to the statistics of the National Trade Registry Office (ONRC).The highest number of deregistrations were in the city of Bucharest, respectively 11,796 (number increasing by 16.33% compared to January-November 2023) and in the counties of Cluj (3,737, +28.11%), Timis (3,039, +15, 95%), Constanta ...
Aktor Company sent Santa Claus to the children at Grigore Alexandrescu and Dr. Victor Gomoiu hospitals
Wednesday, January 8, 2025
Around 300 children admitted to the “Dr. Victor Gomoiu” and “Grigore Alexandrescu” hospitals in Bucharest enjoyed an adorable surprise these days as Santa Klaus visited them in the saloons with gifts for all ages and wishes. For Dr. Victor Gomoiu Hospital, it is already the second year that Santa has visited the children. AKTOR Romania made sure that the little ones received toys, sweets, and juices as part of a charity ...
Trade Register: Number of insolvencies up 15pct January through November
Wednesday, January 8, 2025
The number of companies that entered insolvency increased by 15.31% in the first 11 months of 2024, up to 41,093, compared to 35,591 in the same period last year, according to data centralized by the National Trade Register Office (ONRC).Most insolvencies were registered in Bucharest, respectively 8,167 companies (number increasing by 8.79% compared to the period January-November 2023) and in the counties of Ilfov (2,250, plus 34.65%), Constanta (2,218, plus 31.48%) and ...
ONRC: Number of companies that entered insolvency up almost 20pct Jan-Nov
Wednesday, January 8, 2025
The number of companies and authorized natural persons (PFA) that entered insolvency in the first 11 months of this year was 7,294, an increase of 19.95% compared to the similar period in 2023, when 6,081 insolvencies were registered, according to data published on the website of the National Trade Register Office (ONRC).The most companies and PFAs that entered insolvency, between January 1 and November 30, 2024, were registered in Bucharest, respectively 1,334, a number ...
Sinteza signs financing agreeement with Ministry of Energy to produce, test, recycle electrolytes
Wednesday, January 8, 2025
Romanian company Sinteza has signed a financing agreement with the Ministry of Energy on Friday, through the National Recovery and Resilience Plan (PNRR), for the establishment of a new capacity for the production, testing and recycling of electrolytes used for the manufacture of industrial batteries for storing electricity, the company informs in a report submitted to the Bucharest Stock Exchange (BVB)."Through this agreement, the Ministry of Energy will grant ...