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Telekom Romania Mobile introduces Google Pay service in MyAccount
Wednesday, November 1, 2023
Telekom Romania Mobile is the first telecommunications operator in Romania to offer the Google Pay payment and recharging service in MyAccount application. Users of Telekom Mobile’s telecommunications services are thus the first in Romania which have access, through MyAccount application, to this fast, secure, and efficient payment solution, with numerous facilities, such ...
Xella Romania launches new high-performance masonry solutions in the Ytong brand portfolio
Wednesday, November 1, 2023
Xella Romania, the leader on the local and regional market of masonry materials, celebrates 100 years of international existence of autoclaved aerated concrete masonry (AAC)through the complete reshaping of the Ytong portfolio and launching of two new variants of energy efficient masonry under the name of Ytong Clima+ Ytong Thermo, tus continuing the investment plan in the constant development of masonry solutions for energy efficient ...
Antibiotice Iasi elects EIB to fund future investment projects worth EUR 25 million
Wednesday, November 1, 2023
Antibiotice Iasi has elected the European Investment Bank (EIB) to fund future investment projects worth EUR 25 million.According a press statement released on Tuesday, a working team for carrying out the procedures and activities necessary for the purchase of funding services analysed the most efficient of three bank bids submitted by UniCredit Bank, Alpha Bank and EIB in order to conclude an EUR 25 million contract including RON 115,098,845 for an investment ...
Carrefour Group announces continued solid commercial momentum in Q3
Wednesday, November 1, 2023
French Group Carrefour announces a solid financial performance for third trimester of the year, with sales up 9% compared to the same period last year, and e-commerce up 31%. Local market values in comparable terms place Carrefour Romania in third position in terms of turnover evolution in Europe. Sales of Carrefour-branded products continue to grow rapidly, exceeding 35% food sales, up +3 points compared ...
Ahold Delhaize to buy grocery retailer Profi for 1.3 bln euros
Wednesday, November 1, 2023
Private equity fund MidEuropa entered an agreement to sell Profi Rom Food, one of the most extensive food retailers in Romania, to Dutch grocery retail company Ahold Delhaize - which also includes the Mega Image chain - for 1.3 billion euros, the fund announced on Monday.Profi's sale to Ahold Delhaize represents the largest deal in the food store segment in continental Europe involving a private equity fund, and also the largest transaction so far in the ...
Zyxel Networks Names Channel Manager For Romania
Wednesday, November 1, 2023
Zyxel Networks welcomes, to its team for the CEE (Central and Eastern Europe) region, the new Channel Manager for Romania – János Banga. János will handle one of the key markets in terms of commercial potential within the CEE region. Collaboration with local distributors and resellers thus reaches a new level, as does pre-sales, sales and service support. Our ambition is to gain a strong position on ...
EBRD supports Lantmännen to expand bakery operations in Romania
Wednesday, November 1, 2023
EBRD lends €90 million to support bakery producer Lantmännen Unibake Romania Loan to finance construction of new state of the art bakery production facility in Bucharest Bakery will be one of Lantmännen’s largest facilities, built in line with leading sustainability ...
Gopet Romania invests 1.5 million euros in intermodal trailers
Wednesday, November 1, 2023
Gopet Romania, a freight forwarding company based in Bucharest, announces investments of 1.5 million euros in its own intermodal trailers, which will be added to the existing fleet. Gopet will therefore own a fleet of 100 trailers by the end of 2023, thus moving closer to one of the goals set in its business strategy: integrating ...
SOFMEDICA is expanding in Croatia
Wednesday, November 1, 2023
SOFMEDICA, a renowned regional healthcare solutions provider in Central and Southeastern Europe, is thrilled to announce the inauguration of its business in Croatia, marking a pivotal moment in the company’s relentless pursuit of growth and commitment to delivering groundbreaking solutions in New Europe . This strategic move follows ...
BASF Group’s EBIT before special items in line with analysts’ consensus in third quarter 2023; outlook for 2023 unchanged
Wednesday, November 1, 2023
Sales in Q3 2023: €15.7 billion (prior-year quarter: €21.9 billion) EBIT before special items in Q3 2023: €0.6 billion (prior-year quarter: €1.3 billion) Cash flows from operating activities in Q3 2023: €2.7 billion (prior-year quarter: €2.3 billion) Sales and EBIT before special items in full year 2023 expected to be at ...
TeraPlast Group estimating RON 673.8 million in 2023 turnover
Wednesday, October 25, 2023
For 2023, TeraPlast Group estimates a turnover of RON 673.8 million and an EBITDA of RON 56 million, with the group's main driver still being the Installations & Recycling segment.For the same period, Group EBITDA margin is estimated at 8.3%, compared with7.4% at the end of 2022, on a slight improvement in margins and EBITDA for the Windows and Doors and Flexible Packaging segments.The effect of low demand is expected to continue until ...
Ford Otosan launches series production of new Ford Transit Courier, Tourneo Courier models in Craiova
Wednesday, October 25, 2023
Ford Otosan, Ford Motor Company's global commercial vehicle center in Europe, started production for the new Courier range - Ford Transit Courier and Tourneo Courier, for which it took over engineering and production responsibilities, in a ceremony held on Tuesday at the plant in Craiova.The ceremony was hosted by the general manager of Ford Otosan, Güven Ozyurt, by Josephine Payne, deputy director of Ford Otosan and by Mujdat Tiryaki, chairman of Ford ...
OMV Petrom Tops SEE TOP 100 Ranking Of The Largest Companies In South-Eastern Europe
Wednesday, October 25, 2023
Despite geopolitical turbulence, soaring inflation and declining demand, the biggest companies in Southeast Europe booked double-digit growth in both revenues and profit in the fiscal year ended December 31, 2022, the SEE TOP ...
Coca-Cola invests €11m in Romania plastic-recycling plant
Wednesday, October 25, 2023
* Coca-Cola Hellenic Bottling Partners’ vision is to create an in-house circular economy for its packaging and to significantly reduce emissions across the value chain, https://www.just-drinks.com/ ...
Romanian porcelain cup factory to produce for IKEA
Wednesday, October 25, 2023
The Minister of Finance, Marcel Bolos, said in Alba Iulia that the Romanian Government supports the construction of a porcelain cup factory in the city, which will be the largest in Europe and which will produce for IKEA. He visited the IPEC Alba Iulia company, which would build the new factory. It ...
HTEC Group Opens Office Space In Cluj
Wednesday, October 25, 2023
HTEC Group, a global tech company providing an array of services, including design, strategy, and end-to-end digital product and services development, today announced the opening of its first office space in Cluj. Since entering the Romanian market in January 2022, HTEC has been expanding its business in Bucharest, Cluj, Iasi, and Timisoara. Strong technical universities and IT communities, high English ...
CITR Analysis: The Number Of Impact Companies In Distress Reaches The Highest Level Since 2013
Wednesday, October 25, 2023
The number of companies in imminent insolvency has increased to the highest level registered since the first edition of CITR’s study on the impact companies first edition, in 2013, and reaches 6,949 companies in 2022, more than double as compared to the lowest level recorded in 2015 which stood at 3.069 of companies in imminent insolvency. On the other hand, 83% of the national turnover is ...
Total revenues from postal services top 4.6 billion RON in 2022
Wednesday, October 25, 2023
Total revenues from postal services topped 4.6 billion RON in 2022, 11 percent more than in 2021, with parcel traffic accounting for about 81 percent thereof, the National Communications Administration and Regulation Authority (ANCOM) informs.By revenues from postal services obtained in 2022, the main competitors on the Romanian relevant market are Fan Courier, with a market share of 23.8 percent, the National Post Company (14.7 percent), Sameday (13.8 ...
Hankook to open subsidiary in Romania
Wednesday, October 25, 2023
Korean tyre maker Hankook is going to open a subsidiary in Romania, where it is active only through third-party ...
ALRO signed a new supply contract with Airbus
Wednesday, October 25, 2023
ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), a vertically integrated aluminium producer based in Romania, signed a new multi-year agreement with Airbus aircraft manufacturer. Under the terms of the contract, ALRO will supply Aluminium Flat Rolled Products for aircraft manufacturing. “This new agreement with Airbus is yet another acknowledgment of our capacity to ...