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The Competition Council has authorised the RCTI Company take over by Impact Developer & contractor

Wednesday, October 5, 2022

The Competition Council has authorised the trasaction through which Impact Developer & Contractor has taken over the RCTI Company, informs a press release of the authority on Thursday.Impact Developer & Contractor develops residential real estate projects with a view to being sold when finalised.RCTI Company has as main domain of activity plumbing, heating and ...

Over 106,000 individuals and legal entities, registered in first eight months of 2022

Wednesday, October 5, 2022

 The number of registrations of individuals and legal entities increased, in the first eight months of this year, by 2.2%, compared to the similar period in 2021, to 106,154, of which 80,410 are limited liability companies (SRL), according to data centralized by the National Trade Registry Office (ONRC).Most registrations were recorded in the Municipality of Bucharest, respectively 19,558 (plus 22.94%, compared to January-August 2021), and in the ...

Biofarm invests 44 million euros in its Bucharest factory

Wednesday, October 5, 2022

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 Biofarm, one of the most important manufacturers of medicines in Romania, continued the investments in the production and testing unit inaugurated last year in Bucharest, so that they have already exceeded the threshold of 44 million euros, after generating 35 million euros at the time of launch, informs the company, in a statement.The factory stretches on more than 10,000 square meters, having four production streams: tablets/filmed ...

Over 4,200 companies, certified individuals enter insolvency during first eight months of 2022

Wednesday, October 5, 2022

  The number of commercial companies and authorized individuals (PFA) that entered insolvency increased by 11.28% in the first eight months of 2022, compared to the same period last year, with 4,282 insolvencies being registered, according to the data published on the website of the National Trade Registry Office (ONRC).The most companies and certified individuals entered into insolvency were registered in Bucharest, 715, with a ...

Paval Holding acquires 24% of sustainable packaging producer Promateris

Wednesday, October 5, 2022

Romania's Paval Holding, owned by Dragos Paval (60%) and Adrian Paval (40%) - best known as founders of Dedeman DIY chain, took over 24% in Promateris (formerly Prodplast), a leader of the compostable bags and sacks market in the region with plans to integrate vertically and expand in the paper packaging market.   "We are glad that through this transaction, Paval ...

Dr. Leahu Dental Clinics announce a turnover 33.5% more than the first half of last year

Wednesday, October 5, 2022

Dr. Leahu Dental Clinics, listed on the AeRO market of the Bucharest Stock Exchange, closed the first semester of the year with a turnover of 59.3 million RON, 33.54% more than in the first six months of 2021.    The increased number of dental clinics and patients with serious conditions, as well as the referrals of those who were treated in ...

Cargus launches its own network of lockers in Romania and will invest 40 million euro in the following 2,5 years in its expansion

Wednesday, October 5, 2022

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  Cargus will place 300 parcel lockers in Bucharest, as the first step of its plan to invest in the out of home delivery solution, SHIP & GO, with important benefits for online shops and consumers. Online stores and their customers will have access to the largest proximity delivery network in the ...

Bitdefender signed partnership with Scuderia Ferrari in Formula 1

Wednesday, October 5, 2022

Romanian manufacturer of cyber security solutions, Bitdefender, has signed a multi-year partnership with Scuderia Ferrari in Formula 1, as a result of which the Romanian company's logo will appear on the pilots' helmets, on the car driven by Charles Leclerc and Carlos Sainz, as well as on the racing suits and team uniforms."We are delighted to be in this new partnership with Bitdefender, with whom we share values such as the highest level of ...

Connections company group reports exploitation incomes rising by 21% in semester 1

Wednesday, September 28, 2022

Connections, a group of digital transformation companies, listed in the Main Market of Bucharest Stock Market, reported incomes of 25.2 million lei from exploitation, for semester 1 of the ongoing year, on the rise by 21%, compared to the same period of 2021.   Company representatives evaluate 2023 as a difficult year for most companies and say that global markets are preparing for increased contractions, ...

Color Smart estimates sales of over 500,000 euros for Pittsburgh Paints ecological products until end of year

Wednesday, September 28, 2022

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Pittsburgh Paints product sales, which are 100% ecological, will go up to over 500,000 euros until the end of the year, the Romanian company Color Smart Distribution estimates. It is the single importer and distributor in Romania and Moldova, of premium and premium plus brands Novacolor, Color Smart and Pittsburgh Paints.   Pittsburgh Paints, the number one American brand at world level, with 140 years of ...

Bobnet Group is opening a new factory in Romania to produce white label IoT devices for Europe

Wednesday, September 28, 2022

* With a 10 million euro investment to be allocated over the next few years, the company aims to sell over 200,000 IoT devices meant to revolutionize the proximity trade     With a 10 million euro investment to be allocated over the next few years,Bobnet Group is launching Bob IoT Enterprise, a new ...

Schneider Electric – 25 years of activity in Romania

Wednesday, September 28, 2022

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Schneider Electric, the leader in the digital transformation of energy management and automation, celebrates 25 years of activity in Romania through its local subsidiary. One of the most successful and longest-running organizations of the global company, Schneider Electric Romania currently ...

Instant Factoring Study : Economic consequences of the war in Ukraine. Manufacturing industries, huge losses due to the global crisis

Wednesday, September 28, 2022

Instant Factoring, the Romanian fintech specializing in microfinancing for small and medium companies, launches a sector study on the challenges faced by the manufacturing industry as a result of the military-political conflict in Eastern Europe. The war in Ukraine has led the entrepreneurs of major industries to reduce production and sales forecasts for the next two years, according to the ...

Medicover Romania acquires Laurus Medical clinic network

Wednesday, September 28, 2022

Medicover, one of the largest providers of private medical services in Romania, announced it acquired Laurus Medical network, which specializes in proctology and the treatment of venous system conditions, with an excellent evolution attested by more than 17 years of activity, according to a press release.   The investment will secure Medicover group's presence at the national level through a network of ...

Green Startup Ecosystem Overview Report 2022: Romania has 150 eco-innovative startups

Wednesday, September 21, 2022

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Romania has 150 green startups and 115 key actors, who support them and are basic pillars in the ecosystem, according to the second edition of the Green Startup Ecosystem Overview Report 2022, a mapping of green startups in Romania and Bulgaria, launched on Thursday by Impact Hub Bucharest, together with Innovation Starter, informs a press release.This year's ecosystem mapping showed, just like the previous edition, a constant number of newly established ...

Zitec increased team by 40% since beginning of year, reaching over 330 specialists

Wednesday, September 21, 2022

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Zitec, a leader in the IT& digital marketing in Romania, specialized in developing solutions and services of digital transformation, announces the 40% team increase since the beginning of the year to the present , compared to the same period of last year, the press release sent to ACT Media mentions.The company hired over 90 specialists the team including 330members in Bucharest and in other cities like Brasov, Cluj Napoca, Timisoara and ...

Romania's salt exports to Central, Eastern Europe surge in 2022

Wednesday, September 21, 2022

Romania's salt exports to Central and Eastern Europe, namely Hungary, Slovakia, Moldova, Bulgaria and Poland, have recorded a significant increase this year, the Salrom National Salt Corporation reported on Tuesday.In 2022, the company also increased its production for the domestic market by over 100,000 tonnes from previous years."The National Salt Corporation (Salrom SA) also fills in the place left vacant by the Donbas (Ukraine) Salt Authority in ...

Heineken wants to close the Constanta factory

Wednesday, September 21, 2022

Heineken Romania announced on Tuesday its intention to cease activity in the factory in Constanta, approximately in September 2023. According to local media, the factory has been operating well below capacity for several years.   Heineken Romania will, over time, transfer elements of the production and packaging capacities of the factory in Constanta to the other factories in Craiova, Miercurea Ciuc and Ungheni. ...

Verifone Romania to hire another 50-60 people by year end

Wednesday, September 21, 2022

Verifone Romania, fintech leader of complete global payment and commerce solutions wants to recruit at least 50 more people by the end of 2022. The large-scale program through which the company proposed to expand its technological development center in Romania, started at beginning of 2022, continues this fall, when new specialists will join the Verifone team.   The open positions at the moment, but also those that will be ...

Romania, the third-largest digital economy in CEE and the second-largest digital commerce market

Wednesday, September 21, 2022

Romania’s digital economy could grow 3.5 times to around 52 billion euros in 2030 compared to 14.8 billion euros last year, ICT and digital commerce being the main growth drivers, according to the new McKinsey&Company report titled Digital Challengers on the Next Frontier.   Thus, Romania’s digital economy may account for almost 9.6 % of the GDP in 2030, compared to around 6% of GDP in ...

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