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Regina Maria completed the acquisition of Première Hospital in Timisoara

Wednesday, October 23, 2019

Regina Maria Health Network its strengthening its presence on the market of private medical services in Timisoara after the finalizing of the Premiere Hospital acquisition. The transaction was approved by the Competition Council and allows Regina Maria to aim for the leading position of the medical services in the region. In the first part of 2019, Regina Maria entered the imaging market in Timis county, by taking over the radioimagistic centers of Dr. ...

Porsche’s IT division opens second office in Timisoara

Wednesday, October 23, 2019

MHP Consulting Romania, part of German group Porsche, opened in Timisoara its second office in Romania (with the headquarters located in ...

DENT ESTET Group posts record 39 percent turnover growth in first half of 2019 

Wednesday, October 23, 2019

DENT ESTET, the leader of the dentistry market in Romania, reported spectacular business performance in the first half of 2019, reaching a turnover of RON 31 million. The results represent a 39 percent increase compared to the same period of 2018. Over the past five years, the results the company reported for the first six months of each year were between 15 percent and 30 percent higher, year over year. “To be a market leader, to be able to ...

UiPath acquires two European startups

Wednesday, October 23, 2019

Daniel Dines, the co-founder and CEO of RPA software company UiPath, announced during the FORWARD III RPA conference in Las Vegas on Tuesday that the company had acquired two startups: ProcessGold from the Netherlands and StepShot from Estonia. ProcessGold is a leading process mining vendor and its aquisition will help UiPath become the first vendor of scale to offer a solution that brings together process mining and RPA ...

elefant.ro fined for GDPR breaches

Wednesday, October 23, 2019

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The operators of the online store Elefant.ro and legal portal Avocatnet.ro were fined by the National Supervisory Authority for Personal Data Processing (ANSPDCP) for sending unrequested commercial messages in the former case and for misleading formulation that can result in receiving unrequested commercial messages in the later case. Specifically, Elefant.ro received a RON 10,000 (EUR 2,100) fine for “not having demonstrated the prior ...

CCIR: Total turnover of Top 10 companies, up over 8 pct

Wednesday, October 16, 2019

The turnover of companies ranked in the top 10 places in the National Top of Companies 2019 increased by 8.17 percent, to 178 billion euros, according to a press release of the Chamber of Commerce and Industry of Romania, sent on Monday.Thus, compared to the previous year, the number of companies included in the first 10 positions increased from 12,472, in 2018, to 12,603, in 2019, up 1.05 percent.At the same time, the total turnover of the companies ranked in the top ...

Number of dissolved companies, down 6.83pct, in first eight months of 2019

Wednesday, October 16, 2019

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The number of dissolved companies in Romania decreased by 6.83 percent in the first eight months of 2019, compared to the same period last year, to 22,321 units, compared to 23,958 companies in 2018, according to data centralized by the National Companies Registry Office (ONRC).Most dissolutions were registered in Bucharest - 3,940 companies (down 17.9 percent compared to the first eight months of 2018) and in the counties of Constanta (1,101, + 4.06 percent), Timis (1,082, + ...

KPMG Legal Romania makes a strategic move in Technology, IP and Privacy advisory by absorbing the law firm Fernbach & Partners

Wednesday, October 16, 2019

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Cristiana Fernbach (foto) joins the management team as coordinating Partner of the Technology, IP and Privacy practice, a press release sent to ACTMedia informs. KPMG Legal Romania, a member of the KPMG Global Legal Services (GLS) Network, and Fernbach & Partners, a Romanian law firm dedicated to technology, digital media, IP and privacy, have decided to join forces in a strategic move to create the leading Technology law practice in Romania.  “As part of our global ...

Webhelp acquires Romanian software firm PitechPlus

Wednesday, October 16, 2019

Webhelp Group has announced the acquisition of PitechPlus, a Romanian company based in Cluj-Napoca that designs, develops and deploys custom-made software solutions, particularly in sales digitalization and process automation. PitechPlus already supports major European companies in their digital strategy in several sectors including automotive, tourism & travel, public administration and online gaming. The acquisition reflects Webhelp’s strategy to strengthen its ...

Romania ranks 51st in World Economic Forum’s 2019 Global Competitiveness Index

Wednesday, October 16, 2019

The World Economic Forum has ranked Romania as the 51st most competitive country in the world, in its latest index of Global Competitiveness, defined as the set of institutions, policies and factors that determine a country’s level of productivity. Romania has climbed one spot in the ranking since 2018, having obtained a score of 64.4 out of 100 in 2019. It ranked above Mauritius, Oman and Uruguay, and below Mexico, Bulgaria and Indonesia, in the list of 141 countries ...

Arad is ready to provide 1,100 ha for new Volkswagen plant

Wednesday, October 16, 2019

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Arad, one of the biggest cities in Western Romania, has qualified in a first stage to host the new car plant that German group Volkswagen plans to build in Eastern Europe, MEP Gheorghe Falca, who was Arad’s mayor until this summer, confirmed in the context of the German group deferring its final decision on building its factory in Turkey. The Arad municipality made available 1,100 hectares for the project, out of which 400 ha for the plant itself and the rest for car parts ...

Indian company sets up service centre in Timisoara

Wednesday, October 16, 2019

Indian company Tech Mahindra opened an IT service centre in Timisoara, western Romania, where it has already hired 100 people who will provide services for the operations carried in Germany by telecom group Telefonica - a global partner of the Indian group. "We started with 100 people, but in the coming months we will keep hiring more depending on how the business develops. The first thing we need to do is make sure we deliver to Telefonica what we have agreed in the contract, ...

BCR to sell headquarters in downtown Bucharest to Arab investor

Wednesday, October 16, 2019

BCR, the second largest banking group in Romania, has reached the due diligence stage in the process of selling its former headquarters, a historical building in downtown Bucharest (University Square). An investor of Arab origin is interested in buying the ...

JTEKT to invest EUR 125 mln in Romanian bearing plant

Wednesday, October 16, 2019

Japanese group JTEKT will invest EUR 125 million in expanding production at its bearing factory, Koyo Romania, located in Teleorman (southern part of the country). The factory will thus become a supplier for the Toyota plant in Czech Republic. On October 16, Stefan Radu Oprea, Romania’s minister for entrepreneurship and business environment, will meet Tetsuo Agata, President of JTEKT Corporation Japan, Hiroaki Ueda, President of JTEKT European Operations, and Francis Szabo ...

Over 12,600 companies in CCIR ranking of 2018 best performing businesses

Wednesday, October 9, 2019

Over 12,600 companies with a combined turnover in excess of 178 billion euros are among the top performing companies of 2018, as per the ranking made by the Romanian Chamber of Commerce and Industry (CCIR), the institution said in a release.According to CCIR, the 12,603 companies that made it to the top-10 ranking by several criteria have a combined turnover of about 178.48 billion euros, an operating profit of roughly 14.87 billion euros, employ a total of ...

KLM marks 100th anniversary in Bucharest

Wednesday, October 9, 2019

Air France-KLM plans to increase the frequency of the Bucharest-Amsterdam flights during the winter period, announced Thijs Komen, General Manager Air France-KLM Balkans and Central Europe in Bucharest on Monday in a press event occasioned by the 100th anniversary of the airline group. KLM is currently operating 3 flights per week on the Bucharest-Amsterdam route in the summer and 2 flights per week during the winter. Now, the ...

NEPI Rockcastle to open EUR 70 mln shopping mall in Targu-Mures in March

Wednesday, October 9, 2019

NEPI Rockcastle, the biggest mall owner in Central and Eastern Europe, will open the Targu Mures Shopping City mall in March 2020, following an investment of EUR 70 million, the fund announced on Monday, October ...

Saint-Gobain upgrades glass production line in Calarasi

Wednesday, October 9, 2019

French construction materials manufacturer Saint-Gobain, which operates 13 factories in Romania, has invested over EUR 20 million in the refurbishment of the glass production lines at its glass plant in Calarasi, southern ...

DER Touristik completes takeover of biggest Romanian tour operator

Wednesday, October 9, 2019

DER Touristik Group, one of the biggest tourism groups in Europe, has completed the acquisition of the largest network of travel agencies in Romania, Travel Brands. Travel Brands is a vehicle used by local entrepreneur Dragos Anastasiu to put together its tourism business lines before selling them to the German investor. The process began in July, when the Eurolines Group transferred its tourism activities, touring, retail, ...

Swedish Medicover raises EUR 120 mln in Germany for expansion in Poland and Romania

Wednesday, October 9, 2019

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Swedish healthcare provider Medicover, active in Romania for more than two decades with the division of clinics, hospitals and medical laboratories, has raised EUR 120 million to finance its expansion in Romania and Poland. The company announced that it raised EUR 120 mln from the German market, where successfully carried out its first Schuldschein issue (a German private placement debt instrument), with maturities of 5 and 7 years, at fixed and ...

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