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ONRC: 573,581 women shareholders or business associates in Romanian companies as of end-January

Wednesday, March 23, 2022

The number of women shareholders or business associates in Romanian companies was 573,581 as of end-January, accounting for 36.81 percent of the country's total number of shareholders or associates, shows data with the National Trade Registry Office (ONRC).Male shareholders or associates with the 1,111,285 companies operating in Romania as of end-January stood at 984,429, accounting for 63.19 percent of the total 1,558,010 business associates/individual shareholders in the ...

Deloitte report ”Leadership, representation and gender equity in financial services”

Wednesday, March 23, 2022

Based on historical growth, women will occupy less than a third (28%) of the leadership roles in the financial services companies by 2030, according to the latest edition of Deloitte report ”Leadership, representation and gender equity in financial ...

Five new Romanian additions to FTSE Emerging Markets indices

Wednesday, March 23, 2022

   Another five companies listed on the Bucharest Stock Exchange (BVB) joined the FTSE Russell Emerging Markets indices on Monday, the BVB announced on its website.The new additions are MedLife (M), Purcari Wineries (WINE), Conpet (COTE), IMPACT Developer & Contractor (IMP) and Sphera Franchise Group (SFG)."The global index provider made the decision to include the companies following the quarterly review announced on February 18. M shares ...

Workers of TMK Artrom have wages frozen by sanctions against Russia

Wednesday, March 23, 2022

Cartel Alfa trade union federation said on last Thursday, March 17, that nearly 2,500 employees of TMK Artrom - one of the largest industrial pipe producers in Romania and Europe - cannot receive their salaries due to the blocking of accounts in the context of sanctions imposed on Russia.   The accounts of TMK Artrom Slatina, a manufacturer of industrial pipes for the oil industry, and TMK Resita, which produces steel for TMK Artrom Slatina, are frozen due to sanctions ...

Top 10 local exporters to Russia in 2021: Dacia, P&G, Philips and Chimcomplex

Wednesday, March 23, 2022

Romania exported about EUR 1 bln worth of goods and services to Russia last year, according to Ziarul Financiar daily's calculations based on data from ...

Beltrame Group has completed the acquisition of Targoviste Special Steel Plant

Wednesday, March 23, 2022

AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, has completed the acquisition of the functional production assets ...

Kuhn Holding buys Romanian Komatsu construction equipment distributor

Wednesday, March 23, 2022

  Austrian group Kuhn Holding, a family-owned Komatsu Distributor based in Salzburg, has bought the Romanian construction equipment distributor Marcom RMC’94. The transaction, which was signed in February 2022, is part of the Austrian group’s international expansion strategy.   Marcom was founded in 1992 and its primary focus is on the sales of Komatsu construction machinery, which makes it a fit for the Kuhn family’s ...

Battery manufacturer ROMBAT receives Q1 Ford Supplier certification

Wednesday, March 23, 2022

Rombat, the Romanian manufacturer of car batteries, has received the "Q1 Ford Supplier" certificate, which confirms its high quality standards, systems' capability, performance in guarantee period and shipping, as well as strict criteria for quality and environmental management, according to a press release sent on last Thursday."The Q1 Ford Supplier status attests the level of excellence as an OEM supplier and places Rombat in the elite club of Ford suppliers, which ...

Bento is going public on the AeRO market and contributes to the consolidation of the IT sector on the local capital market

Wednesday, March 23, 2022

Bento – Intellectually Curious (2B Intelligent Soft), a Romanian entrepreneurial company founded in 2004,  specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, debuted March 16 on Bucharest Stock ...

Emergn enters Romania, plans to reach at least 100 employees in 2022

Wednesday, March 23, 2022

Emergn, a global digital business services company that helps companies deliver faster products and valuable customer experiences, announces its entry into the Romanian market. In 2022, the company aims to develop in Romania one of its main delivery centers, focusing on recruiting for key roles, such as IT developers, Quality Assurance professionals, Business Analysts, Product Designers, Delivery Managers, automation engineers and AI or data and analysis ...

Bucharest Mechanical Works and GDELS Romania sign accord to manufacture armored cars

Wednesday, March 16, 2022

Premier Nicolae Ciuca participated on Tuesday in the signing of the joint venture accord between Bucharest Mechanical Works (UMB) and General Dynamics European Land Systems Romania (GDELS Romania) about manufacturing armored cars. He said Romania becomes one of the first countries where the manufacture of modern military technology and equipment is located and the project may represent the relaunch of Romanian defense ...

Number of newly set up foreign capital companies up almost 39 pct in January 2022

Wednesday, March 16, 2022

 The number of foreign capital start-ups established in Romania increased by 38.8% in January 2022, compared to the same period in 2021, to 440 units, according to data centralized by the National Trade Register Office (ONRC).The 440 new companies had a paid up share capital of of 1.435 million US dollars, by 11.2% lower than that of companies registered in the first month of 2021, of 1.858 million dollars.Most of the newly registered ...

11,121 individuals, legal entities registered National Trade Registry Office in January 2022

Wednesday, March 16, 2022

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The number of registrations of individuals and legal entities increased in January 2022 by 0.24%, compared to the first month of last year, to 11,121, of which 8,248 are limited liability companies (SRL), according to the data centralized by the National Trade Registry Office (ONRC).Most registrations were recorded in Bucharest, namely 1,983 (+ 10.84%, compared to January 2021), and in the counties of Cluj -664 (+ 10.12%), Ilfov - 572 (+ 14.86%) and Timis ...

Huawei opens in Romania Huawei Ads coordination hub for Balkan countries

Wednesday, March 16, 2022

 The Huawei Ads platform is to be coordinated in nine countries in the region through a new hub opened in Bucharest, according to a press release of the technology company, sent on Tuesday."Based on real-time bidding (RTB), the service offers advertising solutions for websites and apps and has as a purpose the constitution of a new way to communicate between partners and users of Huawei devices running Huawei Mobile Services. Huawei opens in Romania the ...

Ford announces transfer of ownership of the Craiova plant to its partner Ford Otosan

Wednesday, March 16, 2022

Ford announced significant strides toward an all-electric future in Europe, which will see the company transformed and offering a new generation of seven, all-electric, fully-connected passenger vehicles and vans by 2024, including the news that Ford Otosan JV will be assuming ownership of Ford’s Romanian manufacturing operations, subject to regulatory approval and consultation.   Today’s announcements build on ...

Bento signs a partnership with Clarke Energy

Wednesday, March 16, 2022

Bento – Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company, specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, announces the signing of a significant contract ...

Nearly 5,300 firms deregistered in first month of 2022

Wednesday, March 16, 2022

 The number of deregistered firms at the national level has risen by 22.75% in January 2022, compared to the similar period of last year, up to 5,276, according to the statistics of the National Office of the Trade Register (ONRC).By domains of activity, the highest number of deregistrations was recorded in retail, wholesale, and the reparation of vehicles and motorcycles - 1,459 (plus 23.43% compared to January 2021), construction - 473 (plus 22.22%), the ...

EY study: 20% of Romanian companies are not involved in sponsorship actions

Wednesday, March 16, 2022

 2 out of 10 companies (20%) activating in Romania are not involved in sponsorship actions, either because they do not understand the routing mechanism, or because they are not convinced of the actions that should be routing the money, according to a study done at the beginning of this year by EY Romania, in partnership with the Association for Community Relations (ARC).The research titled "Fiscal credit: system of sponsorship actions in Romania" ...

422 companies and authorized individuals insolvent in January 2022

Wednesday, March 16, 2022

The number of companies and authorized individual contractors (PFA) entering insolvency has risen by 33.54% in January 2022, compared to the first month of the previous year, 422 insolvencies being recorded, according to data published on the website of the National Trade Register Office (ONRC).Most companies and PFAs entering insolvency were from Bucharest, namely 74, increasing by 23.33% over January 2021, when 60 insolvencies were noted.By ...

Simtel Team reports incomes of 58.7 million lei in 2021

Wednesday, March 16, 2022

Simtel Team, a Romanian company of technology and engineering, listed on the AeRO market of Bucharest Stock Exchange, reports incomes from the exploitation of 58.7 million lei in 2021, an increase of 40% against 2020 and a net profit of 6.1 million lei, an increase by 55% compared to the previous year. Financial results for 2021 are audited.   As for 2021 financial results, most incomes were from green ...

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