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Susanna Tusa to Lead Nokian’s Tire Factory Project in Romania

Wednesday, October 4, 2023

* The Romania factory will become part of the global Nokian Tyres manufacturing network together with the factories in the US and Finland, https://www.tirereview.com/ reads.   Susanna Tusa has been appointed general director and vice president of Nokian Tyres Romania Operations ...

Jan - August business dissolutions up by 9.28 pct YoY

Wednesday, October 4, 2023

Business dissolutions over January - August 2023 were 9.28 percent up from the year-ago period, standing at 25,153 compared to 23,016 in 2022, shows data centralized by the National Trade Register Office (ONRC).Bucharest tops the list with most company dissolutions - 5,266 (up 23.33 pct), followed by the counties of Cluj - 1,332 (+21.09 pct), Timis - 1,296 (+29.6 pct), Constanta - 1,159 (+0.35 pct), and Ilfov - 1,116 (+17.97 pct).The activity sectors with most ...

Almost 43,000 companies, delisted in first eight months of 2023

Wednesday, October 4, 2023

  A number of 42,994 companies were deregistered nationally in the first eight months of 2023, 7.15% less compared to the same period last year, according to the statistics of the National Trade Registry Office (ONRC).The most deletions were registered in the city of Bucharest - 6,974, down 6.48% compared to January - August 2022 and in the counties of Cluj - 2,084 (minus 1.37%), Constanta - 1,954 (minus 5.51%) and Timis - 1,907 (minus 7.70%).By ...

Cemacom completes implementation of Cemacon Green Energy Farm project, worth 1.052 mln euros

Wednesday, October 4, 2023

   Cemacon has successfully completed the implementation of the Cemacon Green Energy Farm project, worth a total of 1.052 million euros, of which the non-refundable financial assistance was 472,999 euros, according to a press release.The project took place over a period of 14 months and was co-financed within the Program for Energy in Romania, through Innovation Norway as program operator."Following the implementation of the project, a ...

Lighthouse PR becomes Forscope's communication agency in Romania

Wednesday, October 4, 2023

Lighthouse PR, the public relations company member of the CCNE network, has been selected as the communication agency ...

Sanofi Romania appoints Thomas Bosment as Country Head of Consumer HealthCare (CHC) business in Romania

Wednesday, October 4, 2023

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Sanofi Romania announced the appointment of Thomas Bosment as Country Head of its Consumer Healthcare (CHC) business unit.   Bosment joined Sanofi in 2015, and has held various positions within the company, including Head of CHC Europe Commercial Excellence at Sanofi, where he was responsible for driving strategic initiatives across the European market. Before Sanofi, he gained experience in multiple positions within FMCG and Consumer Healthcare ...

Garanti BBVA Grants A EUR 10.7 Million Loan To UKS Stamping To Build A Plant In Pitesti

Wednesday, October 4, 2023

Garanti BBVA has granted UKS Stamping, a subsidiary of the Ucler Kelepce group, a EUR 10.7 million investment loan to support the development of an automotive parts and accessories plant in Pitesti.   UKS Stamping is set to inaugurate its plant in Romania this year, in Pitesti, encompassing an expansive area of 4,800 square meters and staffed by approximately 80 skilled professionals. Within the Romanian facility, UKS Stamping will manufacture a range ...

Nearly 4,000 companies, natural legal persons file for insolvency in first eight months of 2023

Wednesday, October 4, 2023

The number of commercial companies and natural legal persons (PFA) that filed for insolvency decreased by 7.17% in the first eight months of 2023, compared to the similar period last year, with 3,975 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 732, increasing by 2.38% compared to the period January-August ...

Wittchen Opens Its First Store In Romania

Wednesday, October 4, 2023

The large Polish retail groups continue to expand their presence in Romania, as Wittchen, one of the market leaders specialized in luggage, travel accessories and premium leather goods, will open the first store in the country within the ParkLake Shopping Center in Bucharest, developed by Sonae Sierra. Wittchen leased a space in the project through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company.   Dana ...

Commit Global delegation presents President Iohannis steps for building digital civic infrastructure

Wednesday, September 27, 2023

President Klaus Iohannis welcomed on Tuesday at the Cotroceni Palace the representatives of civic tech organization Commit Global, who presented him the steps taken so far for building a digital civic infrastructure capable of identifying solutions to the challenges facing society, the Presidential Administration informs.The delegation of Commit Global - which is an international initiative of the Code for Romania Association - included founder and CEO ...

HiSky is recruiting pilots and flight attendants

Wednesday, September 27, 2023

HiSky, one of the main airline operators on the Romanian market, announces the launch of an extensive recruitment process for flight crew. The airline is opening several positions for pilots and flight attendants, who will join the company's team, in the operational base in Bucharest. As part of the campaign, this month, HiSky representatives will organize events in several cities of the country. Thus, applicants will be able to attend interviews in Bucharest, ...

German retailer KiK continues expansion in Romania

Wednesday, September 27, 2023

The German retailer Kik Textilien , among the first players in the retail sector in Germany, whose entrance in Romania was announced by Profit.ro, as a first, with a network of over 4,000 shops in Europe, out of which 2,600 in Germany and 117 in Romania proposed for the coming period to continue development and expansion in all the areas of interest in Romania. Kik got on the Romanian market in 2018, with the inauguration of the first shop in Oradea, ...

A new Country Manager for Coca-Cola Romania

Wednesday, September 27, 2023

Coca-Cola Romania, the branch The Coca-Cola Company on a local level, announces changes at the leadership of their operations, with a new Country Manager. The company will be coordinated by Mark Docherty, who takes over from Paris Nikolopoulos who has ended his tenure. With a career developed in different sectors of the beverages industry, Mark Docherty comes to Romania with a vast international experience in domains of marketing and commercial. He started his ...

Azomure resumes production at 50% of capacity

Wednesday, September 27, 2023

Azomures, the biggest producer of fertilzer and industrial consumer of natural gas in Romania, controlled by the group Ameropa resumes their production at 50% of the capacity, after it had been suspended for a long time due to historic growths of the price for natural gas, the main raw material in the industry. The company announced that they signed natural gas procurement contracts, which allow the resumption of fertilisers production at 50% of the total capacity of ...

Sameday: Investment of over 1 Million Euros in an App for More Flexible and Predictable Deliveries

Wednesday, September 27, 2023

Sameday, one of Romania’s courier market leaders, is investing over 1 million euros and launching the SAMEDAY App, a mobile application designed to enhance the customer experience with online stores. This app provides users with more predictability, flexibility, and transparency in the delivery process. The functionalities included in the SAMEDAY app address the specific requirements and needs of consumers regarding courier services, built based on feedback gathered by ...

Jam Session and eMAG are launching the Cautarescu Family

Wednesday, September 27, 2023

Jam Session Agency, in collaboration with eMAG, announces the launch of one of the largest communication platforms dedicated to all “deal hunters” and convenient shopping enthusiasts who want to find everything in one place.   With an easily understandable infotainment approach, the platform offers a comprehensive experience that blends relevant business and product content with entertaining snippets ...

McDonald’s opens restaurant number 98 in Romania, in Pitesti

Wednesday, September 27, 2023

Premier Restaurants Romania, the operator of the McDonald’s restaurant chain in Romania, is expanding its network by opening unit number 98, in Pitesti. With a modern design and an area of approximately 400 square meters, the new restaurant will welcome its customers in a friendly and spacious setting, with a capacity of 98 seats inside and 60 seats on the terrace. Thus, customers have many options to enjoy their favorite products: in the ...

ING Bank & RBL analysis: Top 10 entrepreneurial companies from the counties of the North-West Region grew by 34% in 2022

Wednesday, September 27, 2023

  The 60 largest companies in the North-West Region (the first 10 companies from Bihor, Bistrita-Nasaud, Cluj, Maramures, Satu-Mare and Salaj counties) generated a turnover of 22.564 billion lei, up by 34, 2% compared to 2021, when they recorded 16.802 billion lei. In total, 497 entrepreneurial companies from the North-West region have export activities, according to the ScaleOut 4×10 study, carried out by the Romanian Business Leaders Foundation (RBL) ...

COFACE Study: Insolvencies in Romania down by 4% in H1 2023 compared to H1 2022

Wednesday, September 20, 2023

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* In the first half of 2023, 49,349 LTD companies were registered, this being the lowest number of LTDs registered in the first half of the last 13 years.   The latest Coface Romania study conducted a month ago shows that in H1 2023, 3,358 new insolvency proceedings were opened, down by 4% compared to the same period of last year. A decrease is also seen in the case of losses caused by companies ...

Agroland Agribusiness posts 28.6 million lei revenues and a net profit of 1.3 million lei in H1 2023

Wednesday, September 20, 2023

Agroland Agribusiness (BVB: AAB), a Romanian entrepreneurial company, part of the Agroland group, specialized in the sale of inputs for agriculture, posts 28.6 million lei operating revenue in the first half of 2023, an 11% increase compared to H1 2022. In the first six months of this year, EBITDA increased by 9%, reaching 2.2 million lei, while net profit reached 1.3 million lei, a 3% increase.   “The first half of ...

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