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More than 2,000 companies and authorised persons, insolvent in first four months of year

Wednesday, June 2, 2021


The number of companies and authorized persons having become insolvent increased by 44.25% in the first four months of this year, compared to the same period in 2020, with 2,008 registered insolvencies, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and authorised persons were registered in Bucharest, namely 414, up by 189.51% compared to January-April 2020.By fields of activity, the ...

Akcent Development Group recorded a turnover of 48 million euros in 2020

Wednesday, June 2, 2021

The Akcent Development Group, active on the residential and office segments of the real estate market in Bucharest, recorded a turnover of 48 million euros in 2020, an increase from the previous year, amid the completion and sale of a ...

Chimcomplex’s shares climb on strong Q1 results

Wednesday, June 2, 2021

Romanian chemical group Chimcomplex (CHOB) posted a 62% increase in sales in the first quarter of 2021 (Q1) compared to the same period of 2020 to RON 497 mln (over EUR 100 mln). ...

Telekom Romania launches the chatbot ANA, to offer HR support to employees

Wednesday, June 2, 2021

Telekom Romania announces the launch of the chatbot ANA, a virtual assistant that has the role of automating the management flows of internal human resources activities and providing "self-service" support for employees. The chatbot was implemented by Future WorkForce, a company specialized in business process automation, and is based on DRUID technology, which develops virtual assistants (chatbots) for Enterprise ...

Avison Young recruits Otilia Bordei as Head of Office Agency

Wednesday, June 2, 2021

Real estate consultancy company Avison Young announces that Otilia Bordei has joined the team as Head of Office Agency.   At Avison Young, Otilia Bordei will be responsible for developing and consolidating the department’s position in the market, managing the agency's relationship with office building developers and providing consultancy for ...

National Council of SMEs in Romania develops document with business environment's priorities as to European funds

Wednesday, June 2, 2021

The National Council of Small and Medium-sized Private Enterprises in Romania (CNIPMMR) has developed a document with the business environment's priorities in relation to the 2021 - 2027 European funds, said on last Thursday, Florin Jianu, President of the Council, at "The Romanian Entrepreneurs' Day"."We have developed a series of the business environment's priorities, we also have a document, a draft of the National Council of SMEs regarding the 2021 - 2027 ...

M&M Product invests EUR 500.000 to further develop the company

Wednesday, June 2, 2021

For M&M Product, producer and distributor of smart flexible packaging, 2021 started in force with an investment of 350.000 € for modernizing the production hall in Râ?nov and 150.000 € in IT services, salaries for new employees in production line and Key Accounts sales division, as well as in marketing projects. Last year, the company invested about 1 mil. euro in developing and launching on the Romanian market a new product – The SmartGreen, ...

Novator Pharma build EUR 14 mln drug factory near Bucharest

Wednesday, June 2, 2021

Novator Pharma, a company owned by shareholders from Belarus and Azerbaijan, is preparing to build a drug factory in Chitila, an investment of more than EUR 14 mln a third of which is backed by state aid.   "This is the company's first investment in Romania. We are in the stage of obtaining the building permit for the factory in Chitila, and we intend to start the works this year. For starters, food ...

Bosch reports consolidated sales of nearly 2.2 billion RON in Romania last year

Wednesday, May 26, 2021


 The Bosch Group, leading global supplier of technology and services, concluded the fiscal year 2020 with consolidated sales worth nearly 2.2 billion RON (448 million euro) in Romania, an increase of approximately three percent compared to the previous year, shows a press release of the country sent on Tuesday .According to the results on the previous year, the total net sales, worth 68.8 billion RON (1.4 billion euro), including the sales of unconsolidated companies and ...

GEFCO expands its cooperation with Groupe Renault and its brand DACIA in Romania

Wednesday, May 26, 2021

GEFCO, a global multimodal supply chain expert and leading provider of automotive logistics in Europe, signs agreements with Groupe Renault and DACIA to extend the logistic cooperation in Romania that has started in 2005 and never ceased developing since.   At the beginning on 2021, GEFCO and Renault Group strengthened their cooperation by extending their agreement for the Mioveni-Constanta and Constanta-Bucharest finished-vehicle (FVL) flows for a further three years, ...

AAylex Group buys Banvit Foods Romania

Wednesday, May 26, 2021

AAylex Group has acquired the feed, one-day chickens and hatching eggs producer Banvit Foods Romania, owned by the homonym group in Turkey, which is part of the Brazilian group BRF. The transaction was signed in March 2021 and was finalized in May, following its approval by the Competition Council. Its value is of over 20 million euros. Deloitte Romania assisted the transaction.   Through this acquisition, AAylex Group continues its expansion on the local market ...

Arctic reaches 1 million washing machines manufactured at the Ulmi factory

Wednesday, May 26, 2021


Arctic, the leader of the Romanian home appliance market and one of the main contributors to the local economy, marks a milestone of one million washing machines produced at its Ulmi manufacturing plant in Dambovita county, the first Industry 4.0 factory in Romania and one of the most modern production facilities in Europe.   Opened in 2019, following a EUR 153 million investment, the production facility in Ulmi integrates cutting-edge machine learning ...

Courier company Sameday announces expansion to Hungary

Wednesday, May 26, 2021

Sameday, the Romanian courier company, announces the expansion to Hungary. The courier service provider already offers Hungarian customers delivery options in Budapest and the metropolitan area, and will expand its coverage nationwide in all localities over the next two months. The Romanian operator, thus, takes new steps towards the internationalization of its operations and also opens the way for the development of cross-border deliveries, facilitating its ...

Signal Iduna takes over Romanian subsidiaries of Ergo

Wednesday, May 26, 2021

German insurer Signa Iduna announced the signing of an agreement to acquire the two Romanian subsidiaries of its peer Ergo Group - owned by Munich ...

Net Salrom profit dropped 7 times last year

Wednesday, May 26, 2021


The net profit of Salrom (National Salt Company), the only salt producer in Romania, dropped about 7 times in 2020, to 11.5 million lei, while operational incomes dropped by 36% to 330.2 million lei, according to a Property Fund report, which owns 49% of company shares.   In 2019, Salrom had a net profit of 77 million lei and operational incomes of 469.2 million lei.   Salrom is a company with 51% MEAT participation. ...

Alukonigstahl reported EUR 21.5 M turnover last year

Wednesday, May 26, 2021

Alukonigstahl Romania, the local subsidiary of the European market leader in aluminum, PVC and steel systems registered 21.5 million euros turnover between January – December 2020 and it further targets business consolidation on the traditional office and commercial segments, as well as business expansion on the premium residential segment, given that the pandemic outbreak highlighted Romanians` need to live in better conditions.   Alukonigstahl ...

The Group Digi Communications has gone on profit for the first quarter, at 14.1 million euro

Wednesday, May 19, 2021

The telecommunications operator Digi Communications NV has made in Q1 of the year a net profit  of 14.1 million euro, from a loss of 56 million euro in Q1 of last year, while the income has gone up by 8,6% as compared to the same period of the previous year, at 340.2 million euros.   The operations in Romania have confirmed again the position of leader among the markets of e group, contributing with 61% to the total ...

Revenues of Vodafone Romania decrease to 801 million euros, on March 31, 2021

Wednesday, May 19, 2021

 Vodafone Romania reported revenues from services of 801 million euros, in the financial year that ended on March 31, 2021, lower by 1.5%, compared to the same period last year, while the customer base reached 11.1 million customers, according to company data, released on Tuesday.The last financial year, which coincided with the pandemic year, was like no other: unexpected challenges, opportunities to accelerate digitization, lessons learned, ...

Compa Sibiu net profit goes up by 25% in Q1

Wednesday, May 19, 2021

The manufacturer of subassemblies and car parts Compa Sibiu secures in the first trimester of the year, a net profit of 7.4 million RON, 25% larger than the one during the similar period of last year, namely 5.9 million RON, according to the report sent on Monday to the Bucharest Stock Exchange (BVB).Income has gone up to 185 million RON, from 176 million RON, while spending has gone to 177 million RON, from 168 million RON."An important aspect in the ...

 Zentiva's turnover rises 6.5 pct in Q1

Wednesday, May 19, 2021


Pharmaceutical company Zentiva recorded a turnover of 163 million lei in the first quarter, by 6.5 percent higher YoY, shows the company's quarterly report sent on Monday to the Bucharest Stock Exchange.The Q1 operating profit was 31.2 million lei, down 21.4 percent from the similar period of 2020, and the net profit declined 30.7 percent to 23.63 million lei.The company's assets totaled one billion lei as of March 31, 2021 and its debts stood at ...

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