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Dan Steel Group Beclean Wire Factory Sold For 7.5 Million Euros
Wednesday, January 31, 2024
The Dan Steel Group Beclean wire factory, one of the most important companies in the Romanian metallurgy industry, in bankruptcy, was sold at a public auction for 7.5 million euros to Intertranscom Impex SRL, manufacturer of welded mesh from Bac?u. The new owner plans to restart production and to retransform the factory in one of the main employers in Beclean. “We have succeeded, following a comprehensive and rigorous process, to identify ...
BAT achieves Global Top Employer certification, a distinction bestowed on only 15 companies worldwide in 2024
Wednesday, January 31, 2024
BAT is proud to announce the Top Employer certification in Romania, following a complex evaluation process that certifies employers with best practices in the human resources area. BAT is a strategic employer in Romania, with over 3,000 employees in the 3 economic entities present in the market and over 30,000 jobs generated on the distribution and supply chain. The number of BAT employees has increased with an average of 10% annually, in the over 25 years of presence in Romania. The number ...
JTI Romania, Top Employer every year since 2014
Wednesday, January 31, 2024
JTI Romania is Top Employer for the 11th year in a row, certification being received after an in-depth assessment realized by the Top Employers Institute. JTI was rated for more than 20 criteria such as leadership, work environment, on-boarding, talent attraction, development policies, learning, well-being, rewards, and recognition. Alexander Pitchka, General Manager JTI Romania, Moldova, and Bulgaria: ”This certification is fundamentally ...
M&A market registered 241 transactions estimated at 7.1 billion dollars in 2023
Wednesday, January 24, 2024
The Romanian mergers and acquisitions (M&A) market recorded 241 transactions1 during 2023, with a total estimated value of US$ 7.1bn2. This indicates a 6.1% increase by estimated value on a year-on-year basis (US$ 6.6 billion in 2022) and a 6.2% reduction compared to the transaction count of 2022 (257). On a global level, M&A activity during 2023 continued its downward trajectory, extending ...
Lockheed Martin and Aerostar Open S-70 Black Hawk Maintenance, Repair and Overhaul Service Centre in Bacau
Wednesday, January 24, 2024
* New facility will create and sustain high skilled jobs in Romania’s aerospace industry Lockheed Martin, and Aerostar S.A., have inaugurated the first certified S-70 Black Hawk helicopter maintenance, repair and overhaul (MRO) service centre in Europe. This new capability strengthens the exiting relationship between Lockheed ...
PENNY is recognized as Top Employer 2024 in Romania, for the third consecutive year
Wednesday, January 24, 2024
Through its innovative approach to human resources management, PENNY has obtained for the third consecutive year the title of Top Employer in Romania. The distinction is awarded by the Top Employers Institute and reflects PENNY's commitment to its team. The Top Employers Institute, recognized globally for evaluating human resources practices, certifies organizations based on rigorous ...
PepsiCo Romania recognized as a Top Employer for the 11th consecutive year
Wednesday, January 24, 2024
PepsiCo Romania, one of the leaders in the food and beverage industry, has been awarded for the eleventh consecutive year the international Top Employer certification by the Top Employers Institute in the Netherlands. Certification as a Top Employer attests to PepsiCo's commitment to fostering a positive and inclusive work environment, thereby creating meaningful opportunities for its employees. Through ...
Daimler Truck Financial Services Begins Operations in Romania in Partnership with Raiffeisen Leasing
Wednesday, January 24, 2024
Last year, Daimler Truck Financial Services GmbH launched a strategic partnership with Raiffeisen Bank International Group, one of the largest providers of corporate and investment banking services in Austria and a leading universal bank in Central and Eastern Europe, with a presence in Romania. Daimler Truck Financial Services powered by Raiffeisen Leasing offers a complete range of financing solutions including ...
Accenture Technology Vision 2024 launch “Human by Design” Technologies
Wednesday, January 24, 2024
* AI and other technologies will amplify the potential of people and organizations to achieve new performance frontiers in business and beyond New research from Accenture finds the world is in the midst of a massive technology shift, as AI and other disruptive technologies become “Human by Design”—much more human-like and intuitive for people to use— and ...
Romaero Became Insolvent
Wednesday, January 24, 2024
Romaero, the Romanian state’s leading aerospace technology company, has entered insolvency, Digi Economic reports. The company, which is owned by the Ministry of Economy, became insolvent after several years of losses and poor management decisions. Romaero owns a huge plot of land in one of the most expensive neighborhoods in the country: ...
New EMAG Chief Marketing Officer For Romania, Hungary And Bulgaria
Wednesday, January 24, 2024
eMAG strengthens its regional management team and appoints Mircea Tomescu to the position of Chief Marketing Officer for Romania, Hungary and Bulgaria. In this role, Mircea Tomescu, a professional with over 25 years of experience in strategic communication and management, will coordinate brand and marketing strategy and execution together with the integrated marketing teams in the three ...
Eleving Group raises EUR 10 mln from ACP Credit for further business expansion in Romania
Wednesday, January 24, 2024
Eleving Group, a global multi-brand fintech company operating in the vehicle and consumer financing business, has just raised EUR ...
Lockheed Martin Extends Partnership With The Technical University of Cluj-Napoca On Artificial Intelligence Research
Wednesday, January 17, 2024
Global aerospace and deterrence company, Lockheed Martin, has extended a collaboration agreement between its Science Technology Engineering Leadership and Research Laboratory (STELaRLab) and Romania’s Technical University of Cluj-Napoca (TUCN) in the area of artificial intelligence, the company informs. Today’s agreement expands collaboration, first announced in 2022, to develop artificial intelligence ...
AQUILA Signs A Preliminary Transaction Agreement For The Acquisition Of Parmafood
Wednesday, January 17, 2024
AQUILA, operating in the integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, announces the signing of a preliminary transaction agreement to acquire 100% of the shares of Parmafood Trading SRL and Parmafood Group Distribution SRL, distributors of fast-moving consumer goods. The transaction will take place subject to obtaining the necessary approvals from the Competition Council, the Commission for the Examination of ...
EMAG Appoints New CFO
Wednesday, January 17, 2024
eMAG Group strengthens its top management team and appoints Bogdan Vaduva, a professional with solid experience in auditing and consulting, to the role of Group Chief Financial Officer. A professional with over 22 years of experience in auditing and consulting, of which 20 years in the KPMG team, Bogdan had a constant evolution, from a senior consultant role to becoming a partner in 2012 and a member of the executive team, from which has ...
Holde Agri Invest Appoints Daniel Adam As Chief Financial Officer
Wednesday, January 17, 2024
Holde Agri Invest SA, a large farmland operators in Romania, announces the appointment of Daniel Adam as Group Chief Financial Officer (CFO). The appointment of Daniel Adam as CFO follows the decision of Adrian Pirciu, who previously held this position, to focus on other professional initiatives. The change at the CFO level will take effect as of February 1, 2024. “We are delighted to welcome Daniel Adam to the Holde team. His extensive ...
Veolia Romania to manage water and sewage at Henri Coanda Airport, Bucharest for five years
Wednesday, January 17, 2024
Veolia Romania Integrated Solutions (VRSI), a member company of Veolia Romania and provider of operation, maintenance, and management services for water, sewerage and thermal energy systems, will operate the water supply and sewerage systems on the platform of “Henri Coanda” Bucharest International Airport for another five years, following the winning of the tender organized by the National Airports Company of Bucharest (CNAB). Under the contract, VRSI ...
Number of companies that suspended their activity increased by over 3% January through November 2023
Wednesday, January 17, 2024
The number of companies that suspended their activity in the first 11 months of 2023 was 13,945, an increase by 3.08% compared to the same period of 2022, according to data published by the National Trade Registry Office (ONRC) on Wednesday.Most companies that suspended their activity in the mentioned interval were from Bucharest, respectively 1,673 (a number increasing by 15.86% compared to January - November 2022). Bucharest was followed by the counties of Cluj, with 900 ...
Pag To Acquire Food Union Europe, Becomes The Majority Shareholder Of Alpin
Wednesday, January 17, 2024
PAG Private Equity, a global alternative investment firm, has agreed to acquire a majority controlling interest in Food Union Europe, a provider of ice cream and other frozen treats to consumers in six European countries, a holding company of the Romanian ice cream production and distribution company Alpin (former Alpin57Lux). The transaction, pending final regulatory approval, was executed through the acquisition of equity from the founder and other private stakeholders. Specific ...
GUN Media reports 15% growth in 2023, adds new partner to management team
Wednesday, January 17, 2024
GUN Media, a key player in the Romanian digital marketing field, reports a turnover of 4.5 million lei, an increase of 15% compared to the previous year. This growth is attributed to strengthening relationships with portfolio clients through the launch of an email marketing service and investment in an integrated CRM with social media platforms. In a year defined by an economic context unfavorable to investments, GUN ...