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Optim PM recognised as best “SEE Project Management Company of the Year”

Wednesday, April 21, 2021

Optim Project Management has been awarded the best “SEE Project Management Company of the Year” ...

Alive Capital lists first corporate bonds at Bucharest Stock Exchange

Wednesday, April 21, 2021

Electricity and integrated services supplier for the energy market, Alive Capital, listed on Wednesday its first corporate bonds at the Bucharest Stock Exchange (BVB), on the Multilateral Trading System (SMT), under the symbol ALV23, according to a press release sent by the Stock Market.The debut of bonds at BVB was marked by the official opening of the trading session by Giacomo Billi (founder and chairman of Alive Capital), Mihaela Stoica (CEO of Intercapital Invest) and ...

Romcab posts robust revenues, hopes for early end of insolvency

Wednesday, April 21, 2021

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Cable producer Romcab (MCAB), under insolvency, announced its turnover soared by 88% year-on-year to EUR 173 million in 2020, and its losses halved compared to 2019.   "In a period marked by the global health crisis, Romcab managed to maintain its activity uninterrupted, the year 2020 marking a return of the company's turnover at a level comparable to that recorded in the period before the start of insolvency proceedings," said Zoltan Prosszer, ...

FintechOS raises USD60 million in Draper Esprit-led Series B funding round to fuel global expansion

Wednesday, April 21, 2021

FintechOS’ low-code approach to digital transformation has seen rapid adoption from financial institutions across Europe Investment will be used to cement its position in UK and Europe and fuel international expansion  FintechOS to add 120 in headcount and set-up new ...

Hategan Attorneys - Legal Partner for The First Contract Management Platform in Romania 

Wednesday, April 21, 2021

Hategan Attorneys, one of the largest law firms in the western part of Romania, is the legal partner for ContrActual (www.contractual.), the first online platform in Romania dedicated exclusively to the management of commercial contracts has been launched.   Created from a real need ...

Chimcomplex’s shares surge by 29% in one day

Wednesday, April 21, 2021

The shares of Romanian chemical group Chimcomplex (CHOB), controlled by local entrepreneur Stefan Vuza, jumped by 29% on Monday, April 19, after the company announced it completed the first steps for a secondary listing on the Warsaw Stock Exchange.   The company’s market capitalization thus reached over RON 1.1 bln (EUR 223 mln). The Chimcomplex shares are up 92% since the beginning of this year. The strong evolution was backed by positive financial results ...

Retailer Vivre raises EUR 7 mln with bond issue

Wednesday, April 21, 2021

Vivre Deco, one of the largest online retailers of furniture, decorations and lifestyle products in Central and Eastern Europe, closed in advance a private bond placement through which it raised EUR 7 million, 40% above the initial target.   The operation took place between April 8 and April 16, and most of the subscriptions were made online through the TradeVille trading platform.   The bonds, denominated in euro, have a maturity ...

Chipita expands Bucharest factory

Wednesday, April 21, 2021

Greek group Chipita, the producer of the 7Days, Finetti, and Chipicao brands, is preparing to expand by 60% the production area of its factory in Clinceni, Ilfov county - near Bucharest.The company will continue the work started since 2009, according to documents consulted ...

Six in ten companies operating in Romania expecting to bounce back to before-pandemic levels in 2021

Wednesday, April 14, 2021

Almost half of companies operating in Romania (46%) say they are not affected by crisis and are doing business as usual, and six out of ten entities (60%) believe that throughout 2021, they will recover to levels seen before the COVID-19 pandemic, according to findings in a Randstad Romania HR Trends 2021 report published on Tuesday.According to data centralised by the recruitment company Randstad Romania, 15% of the companies will increase this year their ...

Ariston Thermo Romania ended 2020 with an increase in turnover of 18%

Wednesday, April 14, 2021

Ariston Thermo Romania, the leader of the local market of heating systems, ended 2020 with an increase in turnover of 18%, obtained amid higher sales of all product ranges in the portfolio, which include thermal power plants, boilers, heat pumps, thermostats, solar systems and air conditioners. Sales were supported by redefining people’s lifestyles amid the Covid 19 pandemic, but also by growth in the construction ...

Digi’s brand value increased by 16% in 2021 compared to 2020

Wednesday, April 14, 2021

Digi’s brand value increased by 16% in 2021 compared to 2020, to EUR 295 million from EUR 254 million, according to Brand Finance Romania 50, a study conducted in March 2021. Also, in terms of brand strength, Digi | RCS & RDS evolved from AA + to AAA rating and is the only ambassador of the telecommunications industry in the ranking, with 5% contribution to the consolidated value of Romanian brands included in the ...

Romcab turnover up almost 88pct in 2020 to 173 mln euros

Wednesday, April 14, 2021

Romcab, an insolvent cable maker, recorded a turnover of 173 million euros in 2020, up almost 88% from the previous year, a level comparable to that shown in the period before starting this procedure, according to a company's release issued on Tuesday."The activity of the last four years has been marked by losses, but Romcab has managed to overcome the challenges brought by insolvency, registering a significant and constant increase in turnover, from 37 million ...

Private SMEs: PNRR brings no progress to business milieu, allocations down to EUR 2.28 billion

Wednesday, April 14, 2021

This famous National Recovery and Resilience Plan (PNRR) has brought no progress, on the contrary, it brought a decrease in business allocations, from EUR 3.8 billion in the first version, to EUR 2.28 billion, in the version approved in the government, Florin Jianu, president of the National Council for Small and Medium Private Enterprises of Romania (CNIPMMR), said on Friday in an online debate."The economy has, however, been slowed down, because we are in ...

Competition Council investigates takeover of Cicor Technologies by OEP Capital Advisors

Wednesday, April 14, 2021

The Competition Council analyzes the transaction through which OEP Capital Advisors L.P. in the United States intends to take over Cicor Technologies Ltd., Switzerland, according to a competition authority's press release issued on last Thursday.OEP Capital Advisors L.P. is a privately held investment firm with operations in the industrial, health and technology sectors in North America and Europe.The Cicor Group offers printed circuit boards and ...

Innova finalises PayPoint and PayZone acquisition

Wednesday, April 14, 2021

After almost six months from the announcement of the signing of the deal between Innova Capital (as buyer) and PayPoint PLC, the acquisition process of PayPoint Services SRL ?i Payzone SA was successfully closed. The RTPR team has provided complex assistance to Innova Capital in relation to all aspects related to M&A, competition and financing of the deal, with a value of approximately GBP 48 million, including in relation to the refinancing of the existing debt of ...

RTPR advised B+N Referencia on the acquisition of ISS group main subsidiaries 

Wednesday, April 14, 2021

RTPR has assisted B+N Referencia Zrt., the market leader in the field of facility management in Hungary, in relation to the acquisition of the main subsidiaries of the ISS group in the Czech Republic, Slovakia, Romania and Hungary. ISS is a global leader in outsourcing, offering a diverse range of services at international level: facility management, cleaning, property, catering and support services. The law firm provided advice on Romanian law aspects of the ...

Avison Young, named Best Agency at the SEE Real Estate Awards Gala

Wednesday, April 14, 2021

* The real estate consultancy firm, present in Romania since 2017, has had the fastest growth in the region   Real estate consultancy firm Avison Young has been named Best Agency in South-Eeastern Europe at the SEE Real Estate Awards Gala, for the company’s exceptional ...

Competition Council starts investigation into suspicion of price rigging by Samsung

Wednesday, April 7, 2021

  The Competition Council (CC) has launched an investigation into the Romanian electronics and IT&C market, suspecting that Samsung has agreed with a number of retailers, such as Altex, Flanco and eMag, on selling prices of its products, according to a press release of the competition institution, sent on Monday.Thus, the Competition Council carried out unannounced inspections at the head offices of Samsung Electronics Romania, Altex ...

Blue Air loss during pandemic is over 60 million Euro

Wednesday, April 7, 2021

 Blue Air registered last year a "pandemic loss" of over 60 million Euro, while in 2019 it saw 11 million Euro in profit, Oana Petrescu, the CEO of the Romanian private flight operator, said."Basically, our pandemic loss was over 60 million Euro, just as we foresaw when we made the credit request towards the state. A year prior we became profitable, we managed to reach a profit of 11 million Euro, and in 2020 we had to cover all losses from our ...

eMag invests over 1.5 million Euro in refurbishing head office

Wednesday, April 7, 2021

Online retailer eMag will invest over 1.5 million Euro for refurbishing its head office into a collaborative space, given that 3,000 employees expressed their intention that in the following period they wish to work in a hybrid system, according to a press release sent by the company, on Monday.In the context determined by the COVID-19 pandemic, the company carried out a series of internal studies, both quantitative and qualitative, through which it analyzed ...

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