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Qoobiss provides automated user identity verification services for Get's Bet

Wednesday, February 9, 2022

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*Qoobiss is the first fully automated KYC solution on the market for Romanian ID cards   Romanian startup Qoobis, which offers digital identity verification services and automates the KYC (Know-Your-Customer) process for Romanian ID ...

Airbus Helicopters starting Spike Firing Trials in Romania

Wednesday, February 9, 2022

Airbus Helicopters is expanding the capabilities of its self-developed weapon management system HForce on the successful H145M military multipurpose helicopter platform. For this purpose, the company has initiated a series of tests at the Cincu firing range in Romania.   The HForce system is already able to fire a 12,7mm-gun, a 20mm-canon and laser-guided and unguided rockets. The next step is the ...

French companies showing particular interest in road, railroad infrastructure on recovery, resilience funds

Wednesday, February 9, 2022

French companies belonging to France's largest employers' organisation, Mouvement des Entreprises de France, are particularly interested in road and rail infrastructure projects funded under Romania's National Recovery and Resilience Plan (PNRR), according to a statement released on Friday by Romania's Ministry of European Investment and Projects (MIPE).A delegation of French business people and staff of the French Embassy in Bucharest met on Thursday afternoon ...

WDP expands Pirelli factory in Slatina under EUR 15 mln project

Wednesday, February 9, 2022

Belgian logistics developer WDP will expand the tire factory Pirelli in Slatina, in southern Romania, by about 25,000 square meters, according to the latest financial report published by WDP consulted ...

Farmec Cluj invests 450,000 Euro in relaunching Gerovital H3 Evolution line

Wednesday, February 9, 2022

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 Farmec is investing 450,000 Euro in relaunching one of the most appreciated range in its portfolio - Gerovital H3 Evolution.According to a press release sent on last Thursday, the investment was allocated for research, design and communication. Three of the Evolution products were improved with Hyaluronic Acid PrimalHyal Ultrafiller, a cutting-edge ingredient, unique on the Romanian market. The 360 integrated communication campaign focuses on Catrinel ...

ONRC: 43.8 pct increase in number of foreign capital start-ups registered in Romania in 2021

Wednesday, February 9, 2022

The number of start-ups running on foreign capital in Romania increased by 43.8 percent in 2021 from the same period of 2020, to 5,871, according to data with the National Trade Registry Office (ONRC).The 5,871 new companies had a paid-up share capital of 47.941 million US dollars, by 85.1 percent higher than the 25.906 million US dollars of the businesses incorporated in 2020.As many as 587 companies with foreign participation were registered in ...

Mergers&Aquisitions market in Romania up 32pct in 2021, to 6.2 B US dollars

Wednesday, February 2, 2022

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The total value of transactions (M&A - mergers and acquisitions) in Romania in 2021 reached 6.2 billion US dollars (5.2 billion euros), an increase by 32pct against the previous year, which shows the solid confidence of investors in the Romanian business environment and in its post-Covid recovery, especially in the second half of the year, say the representatives of EY Romania.According to the same source, 178 transactions were recorded last year. ...

Romanian startups attracted more than EUR 100 million in venture capital last year

Wednesday, February 2, 2022

The volume of capital that Romanian startups raised in 2021 more than tripled compared to the previous year, going from EUR 30 million in 2020 to more than EUR 116.9 million in 2021, according to the Romanian Venture Report 2021 released by How to Web. Compared to the EUR 8.2 million value in 2017, it grew 13 times.    This aligns Romania to a general trend as the level of overall European investment value exceeded EUR ...

Humans.ai announces partnership with Next Chymia Consulting HK

Wednesday, February 2, 2022

Humans.ai, deep-tech company building the next-generation blockchain platform that brings together an ecosystem of stakeholders around the use of AI to create at scale, announces its partnership with Next Chymia Consulting HK, one of the main investors in the company and well known investment fund supporting commercial ventures that aim to revolutionize their industries, using blockchain ...

KeysFin Report: Number of newly-founded companies hits record level in 2021

Wednesday, February 2, 2022

 The number of newly-founded companies has reached a record level in 2021, most being registered in the areas of agriculture, energy&gas and IT&C, according to a report made by KeysFin Macro Update."In 2021 company registrations had the highest level in history, namely 148,294 newly-founded entities, with 35% more than in 2020 and 11% higher then the pre-pandemic level, of 134,220 reached in 2019. In the top of sectors with the highest percentage ...

ONRC: 148,294 natural and legal entities, registered in 2021

Wednesday, February 2, 2022

The number of registrations of individuals and legal entities increased in 2021 by 34.89%, compared to the previous year, to 148,294, of which 103,019 are limited liability companies, according to data centralized by the National Office of Trade Register (ONRC).Most registrations were recorded in the Municipality of Bucharest, respectively 24,038 (+25.88%, compared to 2020), and in the counties of Cluj -8,622 (+49.07%), Ilfov - 7,059 (+28.11%) and Timis - 7,042 ...

Forty Management estimates a RON 397 million turnover in 2022

Wednesday, February 2, 2022

Forty Management SA, a real-estate mixed-use developer in Bucharest, estimates for 2022 a turnover worth 397 million and a net profit in value of 188 million lei, according to the budget approved by the company’s management last week.   The revenues generated by sales on the residential segment are estimated at 394,6 million lei, while those related to rents, at 2.4 million lei. The company is also considering ...

Philips seeks 100 low-skilled workers for factory in Romania

Wednesday, February 2, 2022

Dutch consumer electronics and home appliances producer Philips seeks 100 unskilled workers for its factory in Orastie, Romania, to assemble espresso machines and oral hygiene products, according to the County Agency for Employment of Labor (AJOFM) Hunedoara quoted ...

Supply chain disruptions causing CEOs in CEE, including Romania, to look at markets closer to home for growth

Wednesday, February 2, 2022

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  CEOs in Central and Eastern Europe (CEE), including Romania, are now looking to markets closer to home for potential expansion and growth opportunities, according to the CEO Survey 2022 for the CEE region. Germany has increased its lead at the top of key markets list by 10 percentage points since the 2021 survey, with 38% of CEE business leaders mentioning it. The CEE-level analysis shows that the US has slipped four percentage ...

Abris acquires Romanian dental distributor Dentstore

Wednesday, February 2, 2022

Abris Capital Partners, the Central European private equity investor, has signed an agreement to acquire Dentstore, one of the leading distributors of dental consumables and equipment in Central Europe. The acquisition is Abris’ third in the sector, following its investments in Dentotal in November 2019 and Dentatechnica in November 2021. The agreement is conditional upon securing clearance from the relevant antitrust ...

The Brewers of Romania Association have elected their new President

Wednesday, February 2, 2022

The members of the Romanian Brewers Association elected Mihai Voicu, General Manager of BERGENBIER SA, a company part of the Molson Coors group, as President. Starting with January 1st, 2022, Mihai Voicu took over this position from Paul Barnett, President of URSUS Breweries, who was the President in office since June 1st, 2021.   “I am honored to step in as a President of the Romanian Brewers Association, which ...

Three-fold rise for Romanian venture capital in 2021, past the 100 ml euro mark

Wednesday, February 2, 2022

 Investments in Romanian startups have tripled in 2021, hitting 116.9-plus million euros, compared to 30.4 million euros in 2020, shows the Romanian Venture Report 2021 launched on Thursday by the How to Web conference initiative.This figure is 13-fold the amount of 8.2 million euros reported in 2017.According to the authors of the report, these figures place Romania on the general growth trend, given that the overall venture capital volume at ...

German group Knauf buys mineral wool factory in Romania

Wednesday, February 2, 2022

Knauf Insulation, part of the German construction materials group Knauf, announced it signed a contract to purchase Gecsat, a glass mineral wool factory in Târnaveni, Mures ...

ONRC: 6,144 companies, authorized natural persons bankrupt in 2021

Wednesday, February 2, 2022

The number of companies and authorized natural persons (PFA) who went into insolvency increased by 7.9% in 2021, compared to the previous year, being registered 6,144 insolvencies, according to data posted on the National Trade Register Office (ONRC) website.The highest number of insolvent companies and PFAs were registered in Bucharest, respectively 1,107, decreasing by 13.92% compared to 2020, when 1,286 insolvencies were registered.On the next ...

 JTI, number one in Top Employers assessment for Romania

Wednesday, January 26, 2022

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JTI is placed first in the assessment undertaken by the Top Employers Institute from 23 certified companies in Romania. JTI was re-certified as Top Employer for the ninth year in a row, thus is recognised for years for the peoples` practices, working culture, and its excellent employment conditions.   Evgeny Nikolsky, General Manager JTI Romania, Moldova and Bulgaria: ...

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