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Norofert announces the completion of the first stage of the laboratory for research of microorganisms
Wednesday, February 14, 2024
Norofert, the leader in regenerative agriculture research and one of the largest producers of inputs in Romania, listed on the Bucharest Stock Exchange, on the AeRO market, announces the completion of the first stage of the laboratory for research and multiplication of microorganisms for use in agriculture. The laboratory is located within the premises of the input factory in Filipestii de Padure, owned by the company, and is the only one of its kind in Romania. This ...
Nearly 80,000 Romanians are using the new Avansis Online platform to pay their taxes and fees and to issue documents
Wednesday, February 14, 2024
Via the latest version of Avansis Online, Romanian taxpayers can conduct online payments for 4 types of public services, including taxes and duties, fines, as well as fees for a variety of services provided by 36 institutions and authorities. Moreover, users can independently submit, view, and issue documents in a digital format, with automatic notifications updating them on the status of their ...
Over 7,000 foreign companies established in Romania in 2023
Wednesday, February 7, 2024
The number of companies with foreign capital newly established in Romania decreased last year by 4.86%, compared to 2022, to 7,010 units, according to data centralized by the National Trade Register Office (ONRC). The more than 7,000 new companies had a subscribed capital in the total amount of 125.66 million dollars, increasing almost three times compared to the subscribed capital of companies registered in the period January-December 2022, of 45.56 ...
Competition Council scrutinising Grampet Logistics takeover of Electromontaj Carpati
Wednesday, February 7, 2024
The Trade Competition Council is scrutinising the transaction by which Grampet Logistics SRL intends to take over Electromontaj CarpaTi SA, the competition authority announced on Monday.Grampet Logistics SRL is a provider of transport solutions in Europe and Asia that integrates different modes of transport and auxiliary services in the logistics chain, offering costumised services. The company is a member of the Grampet Group operating mainly in cargo transport, ...
TeraPlast acquires Wolfgang Freiler Group for 16.5 million euros
Wednesday, February 7, 2024
The TeraPast Group signed the agreement for the acquisition of the Wolfgang Freiler Group from the Uhl family of Austria, a transaction worth 16.53 million euros."Following the completion of the negotiations, the agreement was signed for the acquisition of the Wolfgang Freiler Group from the Uhl family in Austria, who owns modern production facilities in Hungary and a dynamic distribution division in several markets in Central and Western Europe. The transaction price is ...
ROCA Industry Increases The Share Capital To 248.7 Million RON
Wednesday, February 7, 2024
ROCA Industry, the first industrial holding of construction materials in Romania, listed under the symbol ROC1 on the AeRO Premium market of the Bucharest Stock Exchange (BVB), owned by ROCA Investments, announces the completion of the second stage of the share capital increase (private placement stage). Held between January 16 and 30, 2024, a number of 6,245,777 new shares were subscribed during this stage, with a total value of RON 62.5 million. In ...
DRS-Architects: 3.5 million RON turnover in 2023, a 50% increase yoy
Wednesday, February 7, 2024
DRS-Architects, an architecture firm specialized in designing large-scale shopping centers and residential complexes, announces a turnover of 3.5 million lei (700,000 euros), marking an increase of over 50% compared to 2022. The positive evolution can be attributed to the expansion of the services portfolio and the contracting of complex projects that combined the commercial and residential segments. Another milestone for 2023 was entering the HORECA segment with the design of the first ...
Redport Capital announces over 100 milion Lei turnover in 2023
Wednesday, February 7, 2024
Redport Group, founded in 2016 by Cosmin Savu-Cristescu, announces a turnover of over 100 million Lei for the year 2023. Over the past few years, the company has secured a land portfolio of over 6 hectares in the Petrom City – Str?ulesti – D?m?roaia area. Within the projects The Level Apartments and Infinity Nord, Redport Capital will develop over 2000 apartments and 15000 square meters of commercial spaces. The total sales value (GDV) exceeds 350 ...
Luca Tagliaretti appointed executive director of the European Cybersecurity Centre in Romania
Wednesday, February 7, 2024
Luca Tagliaretti is the new head of the European Cybersecurity Competence Centre (ECCC). Romania won the bid to host the European agency in December 2020. The hiring process for the new executive director started nearly two and a half years ago. “I am confident that the ECCC has a key role to play in the European cybersecurity landscape, and I look forward to working with exceptional colleagues,” the new head of the ...
Alstom signs €150 million contract to supply 16 electric locomotives and 20 years of maintenance in Romania
Wednesday, February 7, 2024
Traxx locomotives to be delivered to Romanian Railway Reform Authority (ARF), along with 20 years of maintenance and repair services, extendable by further 20 years Total value of the contract for rolling stock and services comes to around €150 million Contract builds on relationship spanning 30 years of presence in Romania Alstom, global leader in ...
Haier Tech to reorganize production activities at its refrigerator factory in Aricestii Rahtivani
Wednesday, February 7, 2024
Haier Tech has announced its intention to reorganize production activities and temporarily resize the workforce at its refrigerator factory in Aricestii Rahtivani, Prahova County. The reason given: “the contraction of the market and the decrease in demand in all categories – which persists, a consequence of the post-pandemic effect and the recent crisis in Europe and ...
Romanian, Australian companies enter partnership to build lithium-ion battery recycling plant in Romania
Wednesday, February 7, 2024
Asociatia Sistemul National de Reciclare a Bateriilor (SNRB Association) of Romania and local Wood Expert Solution SRL (WES) recycler of electrical and electronic waste are part of a partnership with Redivium Australia under which they committed to work together to complete a feasibility study for a 10 tonne per day 'Spoke' battery recycling plant.According to a SNRB press statement released on Friday, here will be an investment of over EUR 40 million in a lithium-ion ...
The number of natural, legal persons incorporations, down almost 4pct in 2023
Wednesday, February 7, 2024
The number of incorporations of natural and legal persons in Romania decreased in 2023 by 3.78%, y-o-y, down to 147,026, of which almost 66%, or 96,839, are limited liability companies limited (SRL), according to data centralised by the National Companies Registry Office (ONRC).Most of the incorporations were in the city of Bucharest, 31,091 (up 6.96% y-o-y), and in the counties of Ilfov - 7,950 (up 0.21%), Cluj - 7,921 (down 13.89 %), Timis - 6,606 (down7.04%) and Bihor - ...
Bittnet Systems plans to launch two or three bond issues in 2024
Wednesday, February 7, 2024
Bittnet Systems intends to launch two or three bond issues in 2024, with similar characteristics to the one listed on the Bucharest Stock Exchange (BVB) on Friday, announced Mihai Logofatu, Bittnet's CEO.Bittnet Systems (stock symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), listed a new bond issue on the stock exchange on Friday, worth RON 10 million, according to a BVB press release.The new ...
Rheinmetall announces Romania acquisition
Wednesday, February 7, 2024
The German defence group Rheinmetall said on Thursday it was acquiring a majority stake in Romanian vehicle maker Automecanica Medias as it looks to expand its footprint as a manufacturer of military vehicles. Rheinmetall said it would hold a 72.5% stake in the company through ...
Agile Networks Technologies and Salesforce become ALRO's partners to increase sales digitalization
Wednesday, February 7, 2024
Agile Networks Technologies, provider of IT solutions for digitizing sales processes, with experience in the DACH region (Germany, Austria, Switzerland) and ...
evoMAG ups sales by 20% in 2023, expects similar growth this year
Wednesday, February 7, 2024
Romanian e-commerce retailer evoMAG said it ended 2023 with sales of EUR 42 million, an increase of about 20% compared to 2022. For this year, the company estimates a business growth of between 10% and 20%, depending on the development of the corporate segment and sales to public institutions. Last year, evoMAG recorded the highest sales in established product categories, namely mobile phones, laptops, components, and ...
Accenture Report Finds Perception Gap Between Workers and C-suite Around Work and Generative AI
Wednesday, January 31, 2024
* To achieve the full potential of AI, organizations must reinvent work, reshape the workforce and prepare workers A new report from Accenture (NYSE: ACN) reveals an urgent need for business leaders to look beyond how generative AI affects specific tasks and roles and, instead, start to scale gen AI by redesigning processes across their organizations, as well as how people experience work. To do this, ...
Avis celebrates 30 years of activity in Romania
Wednesday, January 31, 2024
Avis, a global transportation provider, is celebrating 30 years of activity in providing rent-a-car services to customers in Romania and being a witness and top contributor to the significant changes in the local market. Over the past three decades, an increasing number of people have shown interest in car rental services and the car rental industry continues to have a significant growth ...
Despite geopolitical tensions, investors are looking toward a profitable 2024
Wednesday, January 31, 2024
Macro commentary by eToro analyst for Romania, Bogdan Maioreanu The beginning of 2024 is not the best we could have had. From the conflicts in the Middle East, Ukraine and the geopolitical tensions in Asia, to social movements in some of the European countries including Germany, France and Romania and a huge dose of elections, it starts to be shaped as a year with a lot of uncertainty and ...