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SAP launches a digital innovation hub in Bucharest
Wednesday, August 2, 2023
The German group IT SAP launches in Bucharest a hub of digital innovation, which will contribute to the extension of the portfolio of products and services. The new SAP labs Site of Bucharest is part of the global network of R&D SAP Labs Network which supervises the most important activities of engineering of the company, with 21 research and development centres in 17 countries in the whole world, such as Germany, the US, India, China and Brasil. Each location aims ...
Entersoft prepares new acquisitions in Romania
Wednesday, August 2, 2023
Entershoft, player on the market of software business solutions of Greece and the south-east part of Europe confirms that they prepare new acquisitions in Romania, after which,at global level, they have signed 15 small or bigger transactions over the last ...
Murali Store opened the largest luxury decorative paint showroom in Romania
Wednesday, August 2, 2023
Murali Store, the official importer of Benjamin Moore premium paints in Romania and one of the largest paint distributors on the local market, inaugurated the largest luxury decorative paint showroom in Romania, setting a new standard in interior design on the local market. The investment in the new showroom is over 100,000 euros, being part of the company’s development strategy, as a result of the 30% increase in demand for premium paints in the luxury ...
3.401 companies, authorized individuals have entered into insolvency January through June 2023
Wednesday, August 2, 2023
The number of companies and authorized individuals (PFAs) entered into insolvency decreased by 0.47 pct in the first six months of 2023, compared to the same period last year, with 3,401 insolvencies registered, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were registered in Bucharest, respectively 700, up 16.86 pct compared to January-June 2022.By business, the highest ...
Lensa opens a new store in Colosseum Mall
Wednesday, August 2, 2023
Colosseum Mall has announced the opening of a Lensa store in the mall. Lensa’s investment in its new store from Colosseum Mall amounts to over 120,000 Euros. The location features an optometric service for free consultations and offers a wide variety of top eyewear brands, including Dolce & Gabbana, Furla, Love Moschino, Ana Hickmann, Guess, Michael Kors, Versace, and many ...
Mercedes-Benz Romania is welcoming Elmar Grutschnig as the new CFO
Wednesday, August 2, 2023
Elmar Grutschnig, current Head of Revenue Controlling for Mercedes-Benz Middle East and North Africa, will be rotating positions with Oliver Wurtz to assume the role of CFO for Mercedes-Benz Romania (FMS/E-RO), effective August 1st, 2023. Elmar joined Mercedes-Benz 24 years ago and his professional journey has encompassed multiple ...
Number of insolvent companies down 6.2pct in H1
Wednesday, August 2, 2023
The number of companies going into insolvency fell 6.2% in the first half of the year, to 3,290, compared to 3,510 in the same period last year, according to a CITR analysis, a company active in the insolvency and restructuring market.At the same time, among impact companies, the number going into insolvency increases to 35, up from 32 in the same period in 2022.According to the source , the business environment has shown increased interest ...
Bergenbier S.A. announces financial results for the year 2022
Wednesday, August 2, 2023
Bergenbier S.A., part of the Molson Coors group, one of the most important beer producers in Romania, completed 2022 with a turnover of 798 million lei, an increase of over 11% compared to last year. “For the beer industry, 2022 was a ‘normal’ unpredictable and challenging year, one of survival for the category. However, we continued investing in our brands, in ...
City Grill Group: Nearly 2.5 Million Euro Investment For Modernizing Buongiorno Italian Restaurants In Bucharest
Wednesday, August 2, 2023
City Grill Group, a local player in HoReCa industry, announces the completion of an investment of nearly 2.5 million euros in the modernization of the restaurants within the Buongiorno Italian network. The refurbishment and modernization project began in 2019, with the aim of enhancing the customer experience and strengthening Buongiorno’s position as the preferred destination for Italian ...
Apemin Tusnad estimates business of over 85.7 million RON in 2023
Wednesday, August 2, 2023
Apemin Tusnad, one of the most important companies in the natural mineral water category, bottling the brands Tusnad, Artesia, and Izvorul Ascuns, estimates that its turnover will exceed 85.7 million RON in 2023, 7% higher than the value recorded in 2022. The growth is supported by investments made in the last three years, amounting to nearly 35 million RON, of which approximately 75% were directed ...
Orange Romania, consolidated turnover of EUR 377 million, down 1.2 pct in Q2 2023 v Q2 2022
Wednesday, August 2, 2023
The Orange Romania group achieved a consolidated turnover of 377 million euros, in the period April - June 2023, down 1.2 pct compared to Q2 2022, according to the financial results published on Wednesday.A company statement reads that revenues are stable compared to the second quarter of the previous year, excluding the impact of the reduction in termination rates. Thus, the results of the quarter reflect the increase in the sales of equipment and ...
Melitax-Grup and Axis Communications: partnership for national security
Wednesday, July 26, 2023
Melitax-Grup, a leading company in the import and distribution of fiscal and security equipment in the Republic of Moldova, announces that it has become a strategic authorized partner for Axis Communications, a Swedish company with over 40 years of experience in the field of security and IP communications, renowned for inventing the first IP video camera. Together, the two companies will collaborate to implement advanced security solutions for the retail industry, the ...
Pehart Group brands enter new European markets
Wednesday, July 26, 2023
Pehart Group, one of the largest tissue paper manufacturing companies in Southeast Europe and a leader in producing and processing household paper products in Romania is entering new European markets with finished goods sold under both their own brands and private labels (retailers’ own brands). The oldest and, at the same time, the most modern paper mill in ...
ROCA Industry continues the consolidation strategy for ECO EURO DOORS
Wednesday, July 26, 2023
ROCA Industry announces its intention to acquire, through one of the companies in the holding, ECO EURO DOORS, Workshop Doors – one of the key players in the Romanian interior door market. Currently under advanced negotiations, the holding announces the intention to purchase a stake at Workshop Doors, a company based in Petelea, operating two modern production facilities. The transaction is not signed at this time and ...
Agroland Business System inaugurates the Feed Factory in Isalnita
Wednesday, July 26, 2023
Agroland Business System (BVB: AG), a Romanian entrepreneurial group in retail, agriculture, and food, which owns the largest network of agricultural stores in Romania, announces the inauguration of the Feed Factory in Isalnita, Dolj county, an investment with a total value of 20 million lei. “The Isalnita Feed Factory is one of our most important investments in recent years, playing a key role in our integrated business model. Thus, the cereals used are sourced ...
Holcim and CON-A contributed to the construction of the new factory of the ifm Sibiu group
Wednesday, July 26, 2023
Holcim and CON-A contributed to the construction of the new production unit of the ifm group in Sibiu, the first sustainable production unit certified by the German Council for Sustainable Buildings (DGNB) in Romania and the first industrial construction in Sibiu which complies with green building standards. Within the project, Holcim supplied ECOPact green concrete, reducing by 35% the incorporated carbon related to the concrete used, compared to conventional concrete, and CON-A coordinated ...
NextUp Solutions, record growth of 100% in the first half of 2023
Wednesday, July 26, 2023
NextUp Solutions, one of the largest business software solutions companies, recorded a turnover of 7 million lei in the first half of 2023, a record growth of 100% compared to the same period last year. Over 100 new clients have been added to the portfolio of Romanian companies using NextUp’s services, bringing the total number of active clients to approximately 6,000, with over 20,000 users who use the company’s products daily. Most of these clients ...
AROBS prepares for listing on BVB
Thursday, July 20, 2023
AROBS Transilvania Software (BVB: AROBS), a technology company listed on the Bucharest Stock Exchange, announces that it has successfully registered a decrease in its share capital. Therefore, the new share capital of AROBS stands at 87,129,360.9 lei, now divided into 871,293,609 shares. The share capital reduction follows the cancellation of 40,101,379 treasury shares. The company acquired these shares ...
Lensa expands in R. of Moldova
Thursday, July 20, 2023
Optical retailer, Lensa, has expanded its activity in the Republic of Moldova as of today. The first Lensa showroom opened in Chisinau, following an investment of approximately 140,000 euros. The new showroom in Chisinau is the 57th store in the ...
ROCA Industry appoints new COO
Thursday, July 20, 2023
ROCA Industry, a Romanian holding of construction materials companies, part of the ROCA Investments portfolio, announces the recruitment of Stefan Szitas, who joined the management team of the holding as Chief Operating Officer (COO) starting with May of this year. Stefan Szitas has over 16 years of experience in fields such as production and distribution of construction materials at the European level, ...