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Companies

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 ...

Blugento has doubled the turnover at over one million euro in 2020

Wednesday, June 30, 2021

  Blugento, the Cluj company specialised in supplying eCommerce solutions has doubled the turnover last year, at over one million euro and estimates a growth of 50% of the business for this year. The company has announced that they launch their own platform eCommerce B2B, dedicated to the corporate sector, which means the sale of products and services for companies. In this context, Blugento ...

Tomas Lauko is the new Publicis Groupe’s CEO for Central & Eastern Europe

Wednesday, June 30, 2021

Publicis Groupe announces regional leadership appointments for Central & Eastern Europe region. Tomas Lauko has been named Chief Executive Officer (CEO) for Central and Eastern Europe (CEE), reporting directly to Steve King, Chief Operating Officer, Publicis Groupe. Tomas Lauko will be charged with overseeing Publicis Groupe operations across 15 markets in the CEE region. Supporting Tomas, Maria Tudor (currently Chief Media Officer and Business ...

Tohani Romania expands its accommodation capacity

Wednesday, June 30, 2021

Tohani Romania opened a new touristic complex #AcasaLaFeteascaNeagra, reaching a capacity to host up to 40 tourists. The investment of 5 million euros included the refurbishment of the Royal ...

Bittnet buys 20% stake in Czech IT training company DataScript

Wednesday, June 30, 2021

Bittnet (BNET), a Romanian IT group listed on the Main Market of the Bucharest Stock Exchange, acquired a 20% stake in Czech IT training company DataScript for EUR 275,000. In addition, the Romanian group said it would invest an additional EUR 500.000 in debt financing over the next three years, based on specific development projects of DataScript.   This is the second cross-border transaction for Bittnet ...

Bonas takes the first step on the capital market by listing on the AeRO market

Wednesday, June 30, 2021

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The Cluj based dairy producer, Bonas Import Export, takes the first step on the local capital market by listing on Bucharest Stock Exchange’s AeRO market, under the ticker BONA. The company carried out a private placement in April 2021, attracting almost RON 10mn from ...

Braiconf buys land to relocate, expand factory

Wednesday, June 30, 2021

Braiconf paid RON 2.5 mln (EUR 0.5 mln) for two plots of industrial land where it wants to relocate its factory from the centre of the ...

François Coste, Jérôme France reelected president, VP of French Chamber of Commerce in Romania

Wednesday, June 30, 2021

François Coste , the CEO of insurer Groupama Asigur?ri, has been reelected president of the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER).Jérôme France, the CEO of Emi International, has been reconfirmed as vice-president of the organization.    It is the third mandate for the two, who represent both the corporate and SMEs sectors, CCIFER explained in a ...

Sale of Telekom Romania fixed-line operator to Orange "follows the schedule"

Wednesday, June 30, 2021

The transaction through which Orange Romania will buy Telekom Romania Communications (TRC), the fixed-line branch of incumbent Telekom Romania group, "goes according to the schedule," said Vladan Pekovic, CEO of Telekom Romania, at an informal meeting with the ...

Benetton closes clothing production units in Romania

Wednesday, June 30, 2021

The Italian group Benetton has reduced close to zero the orders placed to its clothing factories in Romania and is preparing to sell the industrial spaces owned in Arad, according ...

Furlough at Bucharest Airports National Company from July 1

Wednesday, June 30, 2021

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The Board of Directors of the Bucharest National Airports Company (CNAB) approved, in Tuesday's meeting, the implementation of the furlough measure starting with July 1, 2021, for a period of two months.According to a CNAB release sent on last Wednesday, the decision was taken taking into account the company's financial situation and results for the first 5 months of 2021.Thus, 800 employees, out of a total of 1,370 active, will be in furlough in ...

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