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Competition Council reviews Rombeer Cringasu’s takeover of ADE Gas Oil
Wednesday, February 5, 2025
The Competition Council is analyzing the transaction through which Rombeer Cringasu SRL intends to take over Ade Gas Company SRL. Rombeer Cringasu SRL, a company with Romanian capital, is part of the RBC Group, active in the wholesale and retail markets of automotive fuels (gasoline, diesel and LPG), mainly in the southern area of Romania (counties of Dâmbovita, Prahova, Giurgiu, Teleorman, Calarasi, Ilfov and ...
Agroland Business System registers growth in the retail segment and production activity in 2024
Wednesday, February 5, 2025
Agroland Business System (BVB: AG), the Romanian entrepreneurial retail, agriculture, and food group that owns the largest network of agricultural stores in Romania,announces the growth of its retail segment and the production of table eggs and feed in 2024. Throughout the year, Agroland’s own stores recorded a 17% increase in the number of customers and a 3% rise in the average value of the bill compared to 2023. Regarding production activities, the poultry platform in ...
TeraPlast acquires Aquatica Experience Group
Wednesday, February 5, 2025
TeraPlast SA announces the acquisition of a 51% control stake in Aquatica Experience Group (AEG), an integrated engineering company specializing in water and wastewater treatment and management solutions, including the use of digital components. This strategic step marks a significant expansion of TeraPlast’s portfolio, transitioning from a manufacturer of water and wastewater transport solutions to a full-service provider of integrated water management ...
MedLife completes acquisition of Routine Med Group in Tulcea
Wednesday, February 5, 2025
MedLife announces the completion of the acquisition of Routine Med from Tulcea. As a result, the group is expanding its national footprint in the southeast, where it is already present with collection points, a laboratory in Constanta, as well as three hyperclinics in Constanta, Galati and Braila, being the operator with the largest ecosystem of integrated diagnostic and treatment services in ...
By 2025, evomag expects 20% more business
Wednesday, January 29, 2025
Sales of the online shop evomag reached 50 million euro in 2024 and for 2025 the company estimates a plus of 20% of the business. The online shop announces investments of 500,000 euro to make operations more efficient, to extend to international marketplaces and to develop services. "evomag is maintaining the pace of ...
Achilleas Kanaris takes over as CEO of Vodafone Greece, Nedim Baytorun named CEO of Vodafone Romania
Wednesday, January 29, 2025
Achilleas Kanaris, currently CEO of Vodafone Romania, will take over the leadership of Vodafone Greece starting April 1st. At the same time, Nedim Baytorun, currently Consumer Business Unit Director and board member, will become CEO of Vodafone Romania. Achilleas Kanaris took the CEO role of Vodafone Romania on July 1st, 2021 and during his mandate has focused on transforming Vodafone from a ...
Norofert listed on the AeRO Market of the Bucharest Stock Exchange
Wednesday, January 29, 2025
Norofert, the main producer of organic inputs for agriculture and supplier of biotechnology for the Romanian agriculture and company listed as well on the AeRO market of the Bucharest Stock Exchange ...
Romania’s RON 64 Million Pavilion set to drive business at Expo 2025 Osaka
Wednesday, January 29, 2025
Romania’s Pavilion at the World Expo 2025 in Osaka, Japan, is set to be a beacon of sustainability, blending cutting-edge architecture with national pride. Built with recyclable and reusable materials, the pavilion emphasizes circular economy principles, announced Ferdinand Nagy, Commissioner General of the Romanian Section for Expo Osaka 2025. Expo Osaka 2025 is scheduled to ...
TechAngels' 2024 investments in local startups at EUR 3.777 ml, 25 pct up YoY
Wednesday, January 29, 2025
Investments by TechAngels group members in local startups increased almost threefold in H2 2024 to EUR 2.757 million, while the figure for the entire year is EUR 3.777 million, up 25 percent compared to 2023, the tech business supporting association said in a statement.28 percent of the members invested in new startups for their personal portfolio, and 26 percent opted for "follow on" investments; also, 50 percent of TechAngels members made at least one ...
EY analysis: Romania's M&A market down by almost 6 pct in terms of estimated transaction value in 2024
Wednesday, January 29, 2025
Romania's mergers and acquisitions (M&A) market recorded 265 transactions in 2024, up 10% from the previous year (241 transactions), but the estimated value of transactions fell by 5.9% to 6.6 billion USD, compared to an estimated value of 7.1 billion USD in 2023, informs an Ernst & Young press release."Romania's mergers and acquisitions (M&A) market saw robust activity in 2024, registering 265 transactions with an estimated ...
JTI Romania, Top Employer 2025
Wednesday, January 29, 2025
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, equity & inclusion, well-being, rewards and ...
Mercedes-Benz Romania achieves a record-breaking year in 2024
Wednesday, January 29, 2025
Mercedes-Benz Romania wraps up 2024 with remarkable results, strengthening its position as a leader in the premium automotive market. With a strong focus on electrification and innovation, the company has achieved record-breaking performance, reaffirming its commitment to redefining the future of luxury mobility. The year 2024 marked a historic milestone for the Mercedes-Benz Cars ...
Deloitte 2025 Romania CFO Survey : Companies in Romania expect a challenging year
Wednesday, January 29, 2025
Companies in Romania expect a challenging year, marked by cautious optimism and a focus on managing risks and costs, according to the Deloitte 2025 Romania CFO Survey, conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs) based in our country. Most of the Romanian CFOs predict increase in revenues for this year (58%), but their share has been continuously declining over the past years, from 73% in 2021. Their ...
P&G Invests €18.3M in Romanian Detergent and Hair Care Company
Wednesday, January 22, 2025
The American giant P&G, with two detergent and hair care product factories in Romania, in Urlati, as well as import and distribution activities, has capitalized one of its companies, Detergenti SA, with 90 million lei (18.3 million euros). 334,504,252 shares were issued with a nominal value of 2.5 lei each, with both shareholders of Detergenti SA participating in the increase. Specifically, ...
Simtel is opening a subsidiary in Germany
Wednesday, January 22, 2025
Simtel, an engineering and technology group from Romania announces the opening of a new subsidiary in Essen, Germany. This initiative marks a strategic step in the group’s international expansion, which began with the opening of a subsidiary in the Republic of Moldova in 2021. “The opening of the German subsidiary is a natural decision that reflects our commitment to being closer to our ...
Competition Council Probes LPG Port Operations Market
Wednesday, January 22, 2025
The Competition Council has launched an investigation into a possible abuse of dominant position by Octogon Gas & Logistics SRL in the liquefied petroleum gas (LPG) port operations market. Octogon Gas & Logistics SRL, owned by NSS Oil & Gas SRL, is the only company providing LPG port operation services (unloading/loading, handling/transshipment, storage) at Midia ...
FAN Courier acquires 60% of shares in romanian customs brokerage firm Marian’s Trading
Wednesday, January 22, 2025
FAN Courier, the leader of the local courier market, plans to acquire a majority stake in Marian’s Trading (MST), a customs brokerage firm with over 20 years of experience. By adding customs brokerage services, FAN Courier aims to expand its capabilities in the supply chain/logistics sector. The agreement, which grants FAN Courier a 60% share in the customs brokerage firm, was signed in December and is to be completed, one of the aspects being the approval process ...
Vladimir Sterescu , the first Romanian Appointed CEO of American Company CGS
Wednesday, January 22, 2025
Computer Generated Solutions (CGS), a global leader in outsourcing services, software applications and AR/VR-based learning solutions, announces the appointment of Vladimir Sterescu as President of the Global Outsourcing Division. He becomes the first Romanian to reach a top position in the global leadership structure of CGS. Moreover, Vladimir Sterescu is the only Romanian entrepreneur who managed ...
Artrom Steel Tubes signes takeover agreement with American company GLGH Steel
Wednesday, January 22, 2025
The Romanian seamless steel pipe producer, Artrom Steel Tubes S.A, has reached an agreement to be taken over by GLGH Steel, a company of the American investment fund Great Lakes Global Holdings, according to a press release of the Romanian company."As we are interested in exploring new opportunities for Artrom, we hope that the new government can take the necessary steps as soon as possible to allow Artrom to carry out its activity normally. ...
NXP secures €1 billion EIB loan to advance semiconductor innovation in Europe
Wednesday, January 22, 2025
· €1 billion EIB loan will help fuel NXP’s research, development, and innovation (RDI) efforts in Austria, France, Germany, The Netherlands and Romania · Loan will accelerate NXP’s RDI aimed at various end markets including automotive, Industrial, and Internet of Things (IoT) · Supporting critical EU ...