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Agnieszka Blas, DHL Express new managing director for Romania

Wednesday, July 29, 2020

DHL Express Romania has a new Managing Director effective July 1 2020. Agnieszka Blas will be responsible for over 500 employees, providing services for nearly 6000 account customers, across 25 facilities in Romania. Agnieszka had previously held management board positions at DHL Express Poland, being Senior Director of Operations in the last 8 years. She has joined DHL team in 2001 and has a vast experience in operational infrastructure and customs ...

Robotics, the new trend to watch in post-pandemic Romania

Wednesday, July 29, 2020

The COVID-19 pandemic will accelerate new trends in Romanian business environment, including robotics. Whether we are talking about robotic process automation (RPA) or the automation of certain production processes, the post-COVID-19 reality in Romania will be based on new business models. As an example, the pandemic has generated a lot of demand for UiPath’s software robots to assist hospitals with processing medical tests. Health care is ...

Zitec becomes a Google Cloud Premier Partner

Wednesday, July 29, 2020

Starting with July 2020, Zitec, a Romanian market leader in IT & Digital Marketing, became a Google Cloud Premier Partner, the highest achievable status reserved for Google Cloud partners. For the past 2 years, Zitec developed a strong partnership program with Google Cloud, improving the business impact of its clients, using cloud services, facilitating access to cutting edge services and technologies, and specializing Zitec team members through intensive training ...

Vodafone Romania reports the financial results for the Q1 2020

Wednesday, July 29, 2020

* Service revenue is at EUR 189.7 million in the quarter ended June 30th 2020 lower by -1.2% compared to the same period of last year. Vodafone Romania announces the key performance indicators for the quarter ended June 30th, 2020, as reported today by Vodafone Group Plc. The service revenue is at EUR 189.7 million and continues to be stable on quarterly evolution. Compared to the same period of last year, the reported ...

UiPath plans to list its shares next year

Wednesday, July 29, 2020

UiPath, the first unicorn set up by Romanian entrepreneurs, is preparing to list its shares under an initial public offering (IPO) next year, announced the company's co-founder Daniel Dines. In February, Dines only indicated that UiPath was approaching the listing of its shares without mentioning a date. Now, Dines announces 2021 as a firm deadline. "We had plans for listing on the stock exchange even before the pandemic, but we ...

Romanian startup Neurolabs raises EUR 1 mln in Scotland

Wednesday, July 29, 2020

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The Neurolabs startup, founded by a team of Romanians and operating in Romania and Scotland, announced the successful conclusion of a EUR 1 million financing round. The round was led by Lunar Ventures and Techstart Ventures, alongside 7percent Ventures, ID4 Ventures, Charles Songhurst, and Andreas Wiese. Mick Halsband from Lunar Ventures will be joining the company's board. Neurolabs was founded by a ...

Revo Technologies announces its entrance on the Romanian market

Wednesday, July 29, 2020

Revo Technologies, a CEE-based fintech company, operating under the Mokka brand, specialized in “Buy Now Pay Later” services announces its entrance on the Romanian market. Mokka allows customers to buy instantly and pay for the products or services on their own, favourable terms. In 2019 alone, Revo financed over 750,000 purchases in more than 7,000 online and offline stores across Eastern Europe. “Buy Now Pay Later” ...

Alum Tulcea, beneficiary of a non-reimbursable financing of 8.8 million euros from the European Commission

Wednesday, July 29, 2020

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ALUM S.A., the only calcined alumina producer in Romania, is one of the stakeholders of the ReActiv project, an initiative aiming to reduce waste and CO2 emissions by transforming bauxite residue, the main by-product of the alumina sector, into an active material suitable for developing new cement products, with low CO2 footprint. Coordinated by LafargeHolcim through its Research and Development Center („Lafarge Centre de Recherche SAS”), the project is ...

Continental Romania invests 27 million euro in modernizing research and development center in Iasi

Wednesday, July 22, 2020

Continental Romania has finalized works to expand the research and development center in northeastern Iasi, in which it invested 27 million euro, the company informs in a release sent on Monday.The new construction has 8 levels, a capacity of up to 1,700 places and comprises a complete testing and validation area of products developed within the company, as well as relaxation spaces, conference halls and dining halls, Continental Romania says.The manager of the ...

DESI Study: SMEs investments in technology în 2019, the lowest in the EU

Wednesday, July 22, 2020

The European Commission published at the end of June the 2020 edition of the Digital Economy and Society Index (DESI), an annual study that assesses Europe’s digital performance and tracks the evolution of EU member states in digital competitiveness. Romania was ranked 26th out of 28 Member States, based on five key criteria – connectivity, human capital, use of internet services, integration of digital technology and digital public services. Despite its strong IT sector and ...

Telekom Romania launches the #FanAfaceriMici campaign to help local businesses

Wednesday, July 22, 2020

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Telekom Romania launches #FanAfaceriMici campaign, through which it promotes local businesses with the help of Romanians. While social network users are invited to promote small businesses using #FanAfaceriMici, Telekom Romania will promote on its socializing pages 20 businesses proposed by users.  This period marked by uncertainty was very difficult for all businesses, regardless of their size, and local companies were forced to discontinue their business or find new ways to ...

Amber achieves the best turnover in its history at USD 13.6 million în 2019

Wednesday, July 22, 2020

Amber, the largest independent game development company in Romania, reported the highest turnover in its history for 2019: RON 57.85 million (USD 13.65 million), representing an 80 percent growth YoY. The company’s profit margin in 2019 was 12 percent. The main driver for this growth was the focus on full game development services, revenues in this segment increasing by 300% in 2019 compared to the previous year. This growth is expected to continue strongly this year as ...

ARCA and Govt. to set up labor exchange

Wednesday, July 22, 2020

The Romanian association of highway construction companies (ARCA), the Labor Ministry and the Labour Bureau (ANOFM) have decided to set up a platform for construction jobs. "The return of Romanians to the country in the context of the COVID-19 pandemic and the lack of labor on the construction sites, the labor deficit being estimated at 500,000 people, were just two of the arguments for the decision to create the labor exchange," reads ARCA's press release, quoted ...

Moroccan phosphate fertilizer producer enters on the Romanian market

Wednesday, July 22, 2020

Abu Dhabi-based Al Dahra Agriculture, which operates the biggest farm in Romania and OCP group (formerly Office Chérifien des Phosphates) of Morocco, will set up a joint venture to distribute chemical fertilizers on the Romanian market. The investors already got the green light from the competition body for setting up this joint venture. OCP is a world leader on the phosphate concentrates market thanks to its access to more than 70% of the world's phosphate rock ...

Smithfield Romania shuts down due to COVID-19 outbreak

Wednesday, July 22, 2020

At least 100 employees of the Freidorf slaughterhouse operated by Smithfield Romania have been infected with COVID-19 and the processing capacity suspended operations. The company suspended the activity of all its three processing plants in Timis county, western ...

Ringhel raises EUR 0.5 mln on crowdfunding platform

Wednesday, July 22, 2020

Ringhel, a Romanian software company specializing in the electricity and gas industry, hit its EUR 400,000 target funding on the first day of a planned 30-day financing session on the local crowdfunding platform SeedBlink. Moreover, the company increased the offer to EUR 500,000 amid high interest from investors. The company's main project is PROCESIO, a platform that allows people with no coding experience to use ready-made software blocks and develop ...

TradeX and Transilvania IT Cluster represent Romania at most important contest for SMEs organized by EC

Wednesday, July 22, 2020

Romania will be represented, this year, in Berlin, in the most important competition for SMEs organized by the European Commission, by TradeX - Transfer Afaceri (Brasov) and Transilvania IT Cluster together with the Cluj Napoca City Hall."The Ministry of Economy, Energy and the Business Environment has selected the participants on behalf of Romania for this year. Our country is competing for two competition categories: improving the business environment and promoting entrepreneur ...

50 largest technology companies in Romania have quadrupled their businesses and teams in 10 years

Wednesday, July 22, 2020

The turnover and teams of the top 50 largest technology companies in Romania have increased four times in the last ten years (2009-2019), according to a Cushman & Wakefield Echinox analysis. They reached a combined turnover of EUR 3 billion and over 50,000 employees in 2019.  Most of these companies, such as Amazon, IBM, HP, Microsoft, or Oracle, are also in the top of the largest technology companies globally, which reconfirms Romania’s position in the top of the most ...

Calin Ile, appointed GM of new ibis hotel in Timisoara

Wednesday, July 22, 2020

Accor, the world’s leading augmented hospitality group, has announced the appointment of Calin Ile as general manager of ibis Timisoara, which is set to open this autumn.  With 20 years of experience within Accor, Ile will be in charge of building the new hotel’s team.  Calin Ile, whose career within the hospitality business has been strongly related to Accor Group and ibis network, will now oversee team-building, ...

Covid-19 changes employee benefits in Romania

Wednesday, July 22, 2020

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According to “Companies reactions to COVID-19, 2nd Edition,” a new study by Mercer Marsh Benefits, over 41% out of 154 Romanian companies surveyed have not resumed their office activity. The survey was conducted in the late May – early June period.Due to the lockdown, the most affected benefits offered by Romanian companies were team building/hangouts: 34% of the companies surveyed have decreased their budgets for this, while 43% have eliminated them completely. ...

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