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AmCham: 64 pct of company executives believe pandemic has brought them opportunity

Wednesday, July 14, 2021

   Two-thirds of the executives of member companies of the American Chamber of Commerce in Romania (AmCham Romania) who participated in the survey on investment quality in Romania believe that the pandemic has brought them an opportunity, Ionut Simion, president of the organization told a press conference on Wednesday."As we saw from the results of the survey, the effects of the pandemic are not long lasting. Last year, ...

Bosch builds a 21-million-euro office building in Cluj

Wednesday, July 14, 2021

 Bosch starts the construction of the second office building for the Engineering Center in Cluj, with an investment of 21 million euros."Bosch, a global leader in the provision of technologies and services, officially announced the opening of the construction site for a new office building at the Engineering Center in Cluj. Construction work began in March 2021 and will be completed in 2023, and the building will be commissioned in early 2024. The total ...

Business suspensions in Romania advance 25.28pct, Jan.-May 2021

Wednesday, July 14, 2021

 The number of companies in Romania that suspended their business in the first five months of 2021 was 5,249, up by 25.28% from the same period of 2020, according to data with the National Companies Register Office (ONRC).Most of the companies to have suspended their business January-May 2021 were from Bucharest, 563 (up by 38.67% on the similar period of 2020), followed by the counties of Cluj, with 272 suspended companies (down by 1.81 %), Bihor - 232 ...

ONRC: 67,142 natural, legal persons doing business registered in first 5 months of 2021

Wednesday, July 14, 2021

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The number of registrations of individuals and legal entities doing business in Romania decreased in the first 5 months of 2021 by 77.84pct from the same period of 2019, to 67,142, of which 45,185 were limited liabilities, according to data centralised by the National Trade Register Office (ONRC), checked by AGERPRES.Most registrations occurred in Bucharest, 10,177 (plus 66.29pct as against January-May 2020), and in the counties of Cluj - 3,747 (minus ...

Symmetrica invests EUR 6 M in a new production unit in Arad County

Wednesday, July 14, 2021

Symmetrica, producer of vibro-pressed pavers and curbs, has announced the inauguration of the new production unit in Arad County, in Zimandu Nou, following an investment of over 6 million euros. With the new factory, Symmetrica reaches a total of seven factories throughout the country and consolidates its position on the local market.   „The expansion with production units in strategic areas ...

Catalyst Romania II invests EUR 1.2 M in SeedBlink

Wednesday, July 14, 2021

Catalyst Romania Fund II – one of the most important VC funds in the region, having Marius Ghenea as Managing Partner – joins SeedBlink’s endeavor to expand into EU and to support the tech start-up ecosystem, by investing 1.2 million Euro as the lead investor in the Series A 3-million-Euro round.   SeedBlink – the investment platform with the highest growth in Europe had already ...

Promateris kicks off the process of company division

Wednesday, July 14, 2021

Promateris, a Romanian industrial group and the leader in the CEE region in the production of compostable and biodegradable packaging, begins the process of division of the company. The division aims to transfer the assets that are unrelated to the core activity to a new entity, Obor Development S.A.. The management estimates the division process to finalize by the end of the year.   “We are ...

2,100 companies on foreign capital registered in Romania in first five months of 2021

Wednesday, July 14, 2021

 The number start-ups running on foreign capital in Romania increased in the first five months of 2021 by 45% from the same period of 2020, to 2,100, according to data with the National Companies Register Office (ONRC).The 2,100 new companies had a subscribed share capital of 21.595 million US dollars, almost nine times higher than that of the companies registered in January-May 2020, of 2.43 million dollars.Most of the start-ups registered ...

Sameday reports an increase in turnover of over 140% compared to 2019

Wednesday, July 14, 2021

Sameday, one of the leaders of the courier market, celebrates, in this period, 14 years since its founding and enters a stage of maturity, as the company pursues international development.   “The 14 years that Sameday has turned are, for me, proof that, in order to reach the age of the national ID card, a company must combine long-term vision with technology, courage to ...

Profi: The Every Day Low Prices Store

Wednesday, July 14, 2021

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At the end of comprehensive tests, Profi is now repositioning itself as the store that simplifies your life through offers that you like, under the Every Day Low Prices slogan, the company informs.   Late last year the network introduced a new store concept with an improved range of easier to reach products displayed ...

ONRC: 11,454 companies were dissolved in the first five months of this year

Wednesday, July 7, 2021

The number of dissolved companies increased by over 18% in the first five months of 2021, compared to the same period of the previous year, to 11,454, compared to 9,675 between January and May 2020, according to data centralized by the National Trade Register Office (ONRC).The most dissolutions were registered in the Municipality of Bucharest, respectively 2,129 companies (increasing by 17.62%) and in the counties of Iasi (526, +57.96%), Timisoara (534, ...

Beltrame Group to invest 300 million euros in an eco-friendly rebar and wire rod factory in Romania, unique in Europe

Wednesday, July 7, 2021

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After a comprehensive feasibility study, AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, will invest 300 million euros to build an eco-friendly rebar and wire rod factory in Romania that will include a greenfield steel and rolling mill and a 100mw PV park. This will be the first steel mill green field project in Europe in decades and will create a new benchmark for the steel industry in reducing pollutant emissions. ...

ONRC: More than 2,500 companies and PFAs go into insolvency in first five months of 2021

Wednesday, July 7, 2021

The number of companies and authorized individuals (PFAs) facing insolvency increased by 54 pct in the first 5 months of 2021, compared to the similar period of the previous year, to 2,520 insolvencies, according to data posted on the website of the National Trade Register Office (ONRC).Most companies and PFAs facing insolvency were registered in Bucharest, respectively 503, up 138.39 pct compared to the same period of 2020. The ranking continues with the ...

Continental to produce in Romania tires for Ford's electric model

Wednesday, July 7, 2021

Continental Group supplies tires for the Ford Mustang Mach-E electric car produced by the American manufacturer in the United States, Ziarul ...

Targoviste Special Steel Plant (COS), on the verge of bankruptcy

Wednesday, July 7, 2021

The Targoviste Special Steel Plant (COS) in Romania, the only producer of rebar in the country under insolvency procedures since 2013, will go bankrupt after the Dambovi?a Court rejected the reorganization plan proposed by the creditor company Alphard ...

Jianu (CNIPMMR): We must stop labour exodus; NEET unemployment has reached 23pct

Wednesday, July 7, 2021

The unemployment rate among Romania's NEET young people - not in education, employment or training - has risen from 17% before the COVID-19 pandemic to 23% today, and that should be our concern and we should stop the labour exodus, Chairman of the National Council of Small and Medium-sized Privately-owned Enterprises in Romania (CNIPMMR) Florin Jianu told the National Recovery Forum on Tuesday."I think we should always relate to reality and look at the human ...

WABAG Water Services announces plans to strengthen its position in the Romanian industrial sector

Wednesday, July 7, 2021

WABAG Water Services S.R.L. (WWS) is an expert in the field of design, build and operate (DBO) of industrial wastewater treatment plants, https://business-review.eu/ reads. Headquartered in Bucharest, the company has successfully realized ten industrial projects in the ...

AVON and Kaufland Romania continue the campaign #CancelCancer

Wednesday, July 7, 2021

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Starting with 7 July, women are urged to say Cancel Cancer and are invited to benefit of a free breast examination in the 22 cities included in the medical caravan this year.     What could you do in 15 minutes? How many things could you solve? Could 15 minutes make a difference? Time – a resource so important that we often learn to value ...

The producer of packaging Promateris has invested 2.5 billion euro in the Buftea factory

Wednesday, June 30, 2021

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Promateris, Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging has announced on Thursday that they invested 2.5 million euro in the production line for compostable packaging in the Buftea factory. The company will invest another 15 million euro in the next five years in projects to observe the principles of the Green Pact launched in the EU. ‘ The invested capital in the development of ...

Sapte Spice estimates business of 300 million lei for this year, up by 13%

Wednesday, June 30, 2021

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Sapte Spice, one of the biggest producers on the market of milling in Romania estimates business of 300 million lei this year, up by 13%. The company has announced on last Thursday a special range dedicated to the pizza producers, Castelana.    ‘Before this launching, Sapte Spice has closed  2020 with a turnover of 264.7 million lei, and for 2021 they estimate a growth of up to 300 million ...

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