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Medicover ups business in RO by 7.5%

Wednesday, February 17, 2021

Swedish medical services provider Medicover, which operates in Romania through the Medicover clinics network, the Medicover and Pelican hospitals, and the Synevo test laboratories, reached a turnover of EUR 128 mln on the local market in 2020, up by 7.5% compared to 2019.   Romania thus remains the group’s third-biggest market in terms of revenues, after Germany and ...

Fan Courier‘s revenues exceeds EUR 200 mln driven by pandemic

Wednesday, February 17, 2021

The revenues of leading Romanian courier company FAN Courier exceeded the threshold of RON 1 billion (EUR 200 mln) in 2020, after surging by over 27% compared to the previous year, due to the increase in activity generated by the ...

 iHunt ups sales by 71% in 2020

Wednesday, February 17, 2021

Romanian smartphone producer iHunt (HUN), one of the fastest-growing companies listed on the Bucharest Stock Exchange, increased its turnover by 71% last year, to RON 42.6 mln (EUR 8.78 mln), according to its preliminary financial report. The net profit went up almost ten times compared to 2019, to RON 6.15 mln (EUR 1.27 mln).   The growth in online retail as well as ...

SmartDreamers aims to accelerate its expansion in the North American market

Wednesday, February 17, 2021

SmartDreamers, a Romanian company that develops recruitment automation software, has appointed Tom Strauss as Vice President of Sales for the Americas, effective February 15.   With this appointment, SmartDreamers aims to accelerate its expansion in the North American market.   Tom Strauss previously worked for iCIMS, and its subsidiary, ...

Thodoris Dimopoulos is the Novartis Group’s new country president In Romania

Wednesday, February 10, 2021

Novartis Group in Romania announced that Thodoris Dimopoulos has been appointed Country President. Thodoris Dimopoulos is currently Sandoz Country Head Romania and Head Sub-Cluster East. He takes over the role, on top of his current responsibilities, as of the 1st of February 2021. In the Country President role, he will work closely with the other Division Heads (Pharmaceuticals, Oncology, Sandoz) to build Novartis’ reputation externally, whilst divisional independence will ...

TeraPlast has become member of European Plastic Pipes and Fittings Association

Wednesday, February 10, 2021

TeraPlast SA, the parent company of the TeraPlast Group, has become a member of TEPPFA (The European Plastic Pipes and Fittings Association) since February, according to a company statement.As a member, TeraPlast becomes the only Romanian company part of a European community made up of the largest producers of pipes and fittings, suppliers of raw materials and national associations on the European plastic pipe market."Our presence at TEPPFA honors us and allows ...

Trade Register: Almost 52,000 companies deleted last year

Wednesday, February 10, 2021

 The number of companies deleted at a national level has gone down last year by almost 49%, in comparison with 2019, to up to 51,715 deletions, according to the National Trade Register Office (ONRC).On activity areas, the largest number of deletions was registered in the retail and wholesale commerce, vehicle and motorcycle repairs - 14,017 (minus 53,18% reported to 2019), constructions - 4,844 (minus 48.51%) and professional, scientific and technical activities - ...

Tesla opened the first office in Romania

Wednesday, February 10, 2021

US company Tesla has opened its first office in Romania. The new office is located on Calea Serban Voda, district 4, Bucharest.   Tesla, owned by one of the richest men in the world, Elon Musk, has more investment plans for Romania, as it intends to build more Supercharger charging stations in several cities in Romania, such as Timi?oara, Sibiu, Pite?ti and Bucharest. Other cities like Craiova and Braila could also reach the short ...

Commoditrader expands partnership with the Romanian Corn Producers Association - APPR

Wednesday, February 10, 2021

Commoditrader expands the partnership with APPR – the Romanian Corn Producers Association for ...

Competition Council imposed over EUR 80 M fines in 2020

Wednesday, February 10, 2021

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The Competition Council imposed fines of over EUR 82.7 million last year, with 2020 ranking third on terms of total fine revenues enforced by the authority over the years.   However, unlike the previous years, over 40% of the total amount of fines was acknowledged by the companies, which means that some firms admitted the deeds and were granted discounts.“We expect that many companies do not challenge the fines in ...

OLX Romania has new General Manager

Wednesday, February 10, 2021

The advertising platform OLX has announced the appointment of Sebastiaan Lemmens  as General Manager (OLX Romania, Portugal, Bulgaria, Bosnia) starting this ...

Kostas Papagiannis is the new MSD Romania’General Manager

Wednesday, February 10, 2021

Kostas Papagiannis takes over the general manager position of MSD Romania starting February 1. In the new role, he will focus on further developing the company’s presence in the local market, as well as creating sustainable solutions to increase patients ‘access to innovation and improve patients’ quality of life.   For the past three years, Kostas Papagiannis has been the Managing Director of MSD Bulgaria, Northern Macedonia and Kosovo. In this ...

Vodafone Romania reports the financial results for the Quarter ended December 31st, 2020

Wednesday, February 10, 2021

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* Service revenue was EUR 193 million in the quarter ended December 31st, 2020 lower by -2.1% compared to the same period of last year.   Vodafone Romania announces the key performance indicators for the quarter ended December 31st, 2020, as reported by Vodafone Group Plc.The Service Revenue is €193 million and continue to be stable on quarterly evolution. The reported service revenues compared to the same period of last year is ...

Romania issues ‘memorandum’ blocking Chinese firms from public infrastructure projects

Wednesday, February 3, 2021

The Romanian government has adopted a “memorandum” last week that would block the awarding of public infrastructure contracts to companies coming from countries that do not have a bilateral trade agreement with the EU.   If enacted into law, the memorandum would have the effect of excluding Chinese firms from public contracts for highway or railway projects, euractiv.com ...

Zitec recorded incomes of 10.5 million euros in 2020

Wednesday, February 3, 2021

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Zitec, a market player for IT & digital marketing in Romania, specialized in the development of digital transformation solutions and services, recorded a business figure of 10.5 million euros in 2020, on the rise by 50% compared to the previous year, the company announced.   For this year, Zitec is counting on the development of software development segments, cloud and e-commerce solutions, mobile ...

Trade Register: 10,913 companies suspend activity in 2020

Wednesday, February 3, 2021

The number of companies that suspended their activity has gone down in 2020, by 22.27% from the previous year, reaching 10,913, according to the data published by the National Trade Register Office (ONRC).As regards the business areas, the largest number of suspended companies were in the retail and wholesale commerce, repair of motor vehicles and motorcycles, namely 3,014 (-29.58%), in other service activities - 1,140 suspended companies (-12.38%) and in ...

Investment Plan for Europe supports businesses in Romania affected by the COVID-19 pandemic

Wednesday, February 3, 2021

The new cooperation between the European Investment Bank (EIB), European Investment Fund (EIF) and Deutsche Leasing Romania will enable local companies across Romania to benefit from €370 million of additional leasing finance.   The EIB Group support is backed by a guarantee from ...

Number of dissolved companies decreases 25.52% in 2020

Wednesday, February 3, 2021

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The number of dissolved companies decreased by 25.52% in 2020, compared to the previous year, to 25,384, versus 34,080 companies in 2019, according to data centralized by the National Trade Register Office (ONRC).The most dissolutions were registered in Bucharest, respectively 4,914 companies (decreasing by 16.78% compared to 2019) and in the counties of Timis (1,295, minus 24.58%), Cluj (1,251, minus 23.72%) and Constanta (1,233, minus 28.19%).In no ...

Trade Register: 5,694 companies go insolvent last year

Wednesday, February 3, 2021

The number of companies and authorized individuals (PFA) who became insolvent dropped by 12.72% in 2020, in comparison with the previous year, being registered 5,694 insolvencies, according to the data published on the website of the National Trade Register Office (ONRC).Most companies and PFAs that became insolvent were registered in Bucharest, namely 1,286, rising by 3.79% as opposed to 2019.By activity areas, last year, most insolvencies were ...

Haier to open Ploiesti-based 70 ml-euro refrigerator plant this spring

Wednesday, February 3, 2021

Haier Tech Romania, a member of the world-leading appliance manufacturer Haier Group, the largest home appliance company in China, announced that works on the first Haier refrigerator production facility in Europe advance according to schedule and that production will start at the end of spring 2021."This large-scale investment project exceeds 70 million euros. The 63,000 sqm plant sits on a 130,000-sqm plot in the Allianso Industrial Park in Aricestii ...

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