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Over 200 Damen Shipyard employees laid off, one thousand in technical unemployment until May 31
Wednesday, March 5, 2025
Over 200 employees of the Damen Shipyard Mangalia, which is in insolvency, will be laid off starting February 28, and for almost all other employees of the company, over a thousand, the technical unemployment period has been extended until May 31, said Laurentiu Gobeaja, leader of the Navalist Union.According to him, the union members have made repeated requests to the central authorities to find solutions for resuming activities and exiting ...
Holde Agri Invest posts total revenues of 107.1 million lei in 2024
Wednesday, March 5, 2025
Holde Agri Invest SA, one of the largest farmland operators in Romania, posts preliminary revenues of 107.1 million lei in 2024, an 8% increase compared to the same period last year. Over the past year, the company operated a total area of 16,321 hectares, up 19% from 2023, of which 1,759 hectares were cultivated under organic farming practices. “For Holde Agri Invest, 2024 was a year of ...
Peris Group announces outstanding financial results and product portfolio expansion
Wednesday, March 5, 2025
Abatorul Abatorul Peris SA and its subsidiaries, Cathedral Distribution SRL and Policalita SRL, recorded a significant increase in turnover in 2024, reaching more than RON 700 million, an increase of 12% compared to the previous year. The notable financial performance was accompanied by a considerable improvement in profitability before interest, taxes, depreciation and amortization (EBITDA) from negative RON 3.5 million to over RON 26 million (+850%), with the company ...
Hidroconstructia distributed EUR 16 million to creditors and closed 2024 with profit
Wednesday, March 5, 2025
Infinexa, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, managing assets worth over EUR 155 million, announces that in 2024, Hidroconstructia, a company undergoing insolvency proceedings, distributed over EUR 16 million to its creditors. Of this amount, EUR 10.7 million came from asset sales, while EUR 5.3 million was generated through ongoing ...
Competition Council Approves MB Beteiligungs’ Acquisition
Wednesday, March 5, 2025
The Competition Council has authorized the transaction by which MB Beteiligungs GmbH intends to take over the companies Plantextrakt SRL and Plantmed SRL. MB Beteiligungs GmbH is a holding company from Germany, a member of the “reteaua natura” group, which is active in the field of development, refining and blending of all types of tea. Plantextrakt ...
Kronospan bought the ZG Timber factory in Sebes
Wednesday, March 5, 2025
Kronospan has purchased the ZG Timber factory in Sebes from Ziegler Group. The acquisition ensures the continuity of operations at the Sebes unit, saving 500 local jobs following the insolvency of Ziegler Holding GmbH at the end of 2024, according to company representatives. Kronospan will ensure the continued operation of the Ziegler plant, preserving jobs, they ...
LIBERTY Launches Business Consolidation Measures at Galati
Wednesday, March 5, 2025
Amid geopolitical shifts, new U.S. tariffs on steel imports, and the lack of real protective measures for the steel industry within the European Union, LIBERTY Galati is taking a major step in its financial consolidation process: initiating a preventive concordat procedure. This move aims to stabilize the business, optimize resource allocation, and open new investment opportunities. This process is ...
Analysis:Number of distressed firms, higher at beginning of 2025 than in pandemic year, to increase significantly
Wednesday, February 26, 2025
More than 155,000 companies were in difficulty at the beginning of this year, in various stages - dissolved, deregistered, in insolvency or with suspended activity - a record figure for the last five years, with most of the companies in trouble being in Bucharest and the counties of Cluj, Constanta, Ilfov and Brasov, according to a Sierra Quadrant analysis released on Friday.According to the cited source, the number of dissolved firms has reached a ...
Romania consolidates its second position among the M&A markets in Central and Eastern Europe
Wednesday, February 26, 2025
* In 2024, almost half of the strategic investors involved in transactions on the local market were Romanians. The mergers and acquisitions (M&A) market in Romania recorded one of the highest levels in the last five years in 2024, according to ...
Cupio – a Romanian business worth €22.8 million betting on digitalization and international expansion
Wednesday, February 26, 2025
The Romanian professional cosmetics brand Cupio closed 2024 with a turnover of €22.8 million, marking a 9.5% increase compared to the previous year. With over 3.5 million products sold in the past year and a network of 25 physical stores nationwide, Cupio is consolidating its position as a leader in Romania’s beauty market while making significant strides toward international growth. To celebrate this ...
Business suspensions in Romania up14.58pct in 2024
Wednesday, February 26, 2025
Business suspensions in Romania in 2024 was 18,716, up 14.58% from the previous year, according to data published by the National Companies Register Office (ONRC).Most of the suspensions were recorded in Bucharest City, 2,252 (up 13.79 from 2023). The capital is followed by the counties of Cluj, with 1,162 suspesnions (plus 9.93%), Iasi - 851 (plus 15.16%), Brasov - 822 (plus 13.85%), Bihor - 800 (plus 19.23%) and Timis725 (plus 22.26%).On ...
Agroland Business System posts consolidated revenues of 315.7 million lei and an operating profit of 17 million lei in 2024
Wednesday, February 26, 2025
Agroland Business System (BVB: AG), the Romanian entrepreneurial retail, agriculture, and food group that owns the largest network of agricultural stores in Romania, posts, at the consolidated level, operating revenues of 315.7 million lei in 2024, a 7% increase compared to the previous year. In 2024, the company’s operating profit amounted to 17 million lei, a 53% growth compared to 2023, while net profit reached 7.7 million lei, up ...
Competition Council Approves APC Universal Partner Takeover
Wednesday, February 26, 2025
The Competition Council has authorized the transaction by which Rozalia-Maria Sitar intends to take over APC Universal Partner S.R.L. APC Universal Partner S.R.L. carries out commercial activities on the market of construction, furnishing and finishing materials, intended for DIY (do-it-yourself) projects. Rozalia-Maria Sitar holds full, partial or majority ...
Eastern European startups raise €4B VC, Romania hits record €130M
Wednesday, February 26, 2025
Investments in Romanian startups exceeded €100 million for the fourth consecutive year, reaching €130.7 million, according to the “Venture in Eastern Europe 2024” report, conducted by How to Web and Croatian unicorn Infobip. The analysis provides a detailed overview of the Eastern European investment ecosystem in 2024 and offers valuable insights for investors, entrepreneurs, and ...
Big-ticket M&A in CEE came under strain in 2024, but steady deal volume shows the market’s resilience and sustained appeal to global dealmakers
Wednesday, February 26, 2025
Despite geopolitical and macroeconomic headwinds, deal volume in Central and Eastern Europe (CEE) held up relatively well in 2024. There were 1,270 transactions in the region in 2024, according to the reported data and taking into account the criteria set out in the methodology. The aggregate value of M&A activity amounted to ...
Freedom Holding Corp. reports 57% surge in Q3 revenue, hits $9 billion market cap milestone
Wednesday, February 19, 2025
Freedom Holding Corp.'s market capitalisation increased by 85% over the past year. Freedom24, its EU-based retail stockbroker, is rapidly gaining popularity across Europe. In Romania, the platform has attracted over 2,800 clients and achieved a total investment volume of €3 million. Freedom24 aims to increase its Romanian client base by 200% in 2025, ...
DONALAM SOUNDS THE ALARM: TO AVOID COLLAPSE, ROMANIA’S STEEL INDUSTRY NEEDS IMMEDIATE STATE INTERVENTION!
Wednesday, February 19, 2025
The steel industry is going through its toughest period in decades, facing challenges that threaten the survival of local producers. The recovery of Romania’s steel industry depends on the state’s ability to protect it from unfair competition from non-EU ...
LabMin discusses Dacia Plant, Romanian automotive industry's future with Renault Group director
Wednesday, February 19, 2025
Labour Minister Simona Bucura-Oprescu met on Friday at the Romanian Embassy in Paris with Renault Group's Public Affairs Director Bruno Vincent, with whom she discussed the future of Dacia Plant and of the Romanian automotive industry, the relevant ministry reports in a Facebook post."Dacia is one of the drivers of Renault Group and a crown jewel of the Romanian economy. It is the largest car manufacturer in Romania and the country's main exporter. ...
Mergers&aquisitions market returns in 2024 to the 2019 level
Wednesday, February 19, 2025
The Romanian mergers and acquisitions market recorded 239 announced transactions last year, with an estimated total value of 5.9 billion euros, according to an analysis by PwC Romania, presented at the Annual M&A Conference, according to a press release sent on last Thursday.Compared to 2023, the M&A market recorded a 12% increase, with the most dynamic sectors being real estate, financial services and energy."The Romanian M&A ...
Romania opens first wax paper factory in Eastern Europe, in Iasi
Wednesday, February 19, 2025
Romania is opening the first wax paper factory in Eastern Europe, on the Exonia industrial platform in Iasi, an innovative solution to reduce plastic consumption.According to a press release sent by Exonia, Romania becomes a pioneer in Eastern Europe by opening the first wax paper factory for food packaging, "at a crucial moment in the fight against plastic pollution"."The opening of this plant is an important moment for Romania and for the whole ...