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The sale of TeraSteel and Wetterbest received the agreement from the competition authority of the European Commission

Wednesday, January 20, 2021

The European Commission agreed on 12th January the sale trading of TeraSteel and Wetterbest to Kingspan Group. The TeraPlast group, the biggest Romanian producer of construction materials, announced in July 2020 that he signed an agreement with the Irish from Kingspan Group for the sale of the Steel division, estimated at 410 million lei.   ‘The European Commission agreed on 12th January with the sale trading of TeraSteel and Wetterbest to ...

Macromex is investing EUR 15 million in a new high-tech distribution centre

Wednesday, January 20, 2021

Macromex, leader in the food industry in the temperature-controlled segment, announces the construction of the second warehouse, Corso Distribution Center, located in Chitila. The cost of the investment amounts to EUR 15 million and is financed both from personal funds and from a long-term investment loan offered by Alpha Bank Romania.   The new warehouse  covers an area of 10.000 sqm and consists of the storage area for frozen food, the one for refrigeration and an ...

Cristiana Belodan joins Oxygen as the new Strategy & Transformation Director

Wednesday, January 20, 2021

Cristiana Belodan, one of the top Romanian executives in advertising, joins Oxygen as Strategy & Transformation Director. Her responsibilities include integrating all resources under the company’s new positioning as a full-service agency, developing and strengthening Oxygen’s services, as well as managing ...

Telekom Mobile fined for substandard mobile coverage

Wednesday, January 20, 2021

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Romania's telecom market regulator ANCOM slapped a RON 700,000 fine on Telekom Mobile, the local mobile communications division of German group Deutsche Telekom, for failing to meet the 98% national coverage target.   According to the licenses issued by ANCOM, Orange, Vodafone and Telekom Mobile were required to cover with mobile voice services the areas inhabited by at least 98% of the Romanian population through their own radio access network, until April 5, 2017, ...

Casa Rusu appoints Zoltán Pilecki as CEO

Wednesday, January 20, 2021

Casa Rusu announces the appointment of Zoltán Pilecki as CEO, starting January 1, 2021. Zoltán Pilecki (48 years old) is a retail professional with over 20 years of industry experience, holding leadership positions in companies such as Alveus and Studio Moderna. Throughout his career, Zoltán Pilecki coordinated the implementation and integration of innovative strategic directions within the companies he led, demonstrating deep knowledge of the Romanian retail ...

DHL Express Romania's e-commerce revenues increased by over 100% in 2020 compared to the previous year

Wednesday, January 20, 2021

The logistics and courier company DHL Express Romania said that its revenues generated by e-commerce doubled last year.In 2020, DHL Express Romania registered a 20% overall increase in revenues compared to 2019, fueled by the e-commerce sector.   "The growth trend in e-commerce will continue in 2021. For Romania, we believe that there is great potential, and we will see more and more local online businesses that will want to develop internationally. ...

BeeFast sees triple turnover than initially estimated for 2020

Wednesday, January 20, 2021

BeeFast, a Romanian fast delivery tech start-up, recorded a turnover of EUR 320,000 in 2020, three times more than it estimated at the beginning of the year.The company’s activity has grown from 16 deliveries/day in early 2020 to a maximum of 580 deliveries/day by the end of the year.   Some 65% of the turnover was generated by the customers that BeeFast moved for free from offline to online, during the ...

Xiaomi launches online store in Romania

Wednesday, January 20, 2021

Chinese group Xiaomi, the third-biggest smartphone brand in the world, has expanded its presence on the Romanian market by launching Mi-Home.ro. The new official e-commerce platform allows customers to purchase the brand's products online, at the most advantageous prices.   "The increased efficiency of the multi-channel distribution platform is the basic component of the company's expansion strategy. In this way, we can operate ...

Bittnet Systems gets large contract with Defense Ministry

Wednesday, January 20, 2021

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Bittnet Systems, one of the fastest-growing technology groups in Romania, whose shares are trading on the Bucharest Stock Exchange (BVB), announced that its subsidiary Dendrio Solutions signed a major contract with the Romanian Defense Ministry.   The framework contract is for a period of three years, during which Dendrio Solutions should supply IT&C equipment worth up to RON 22.7 mln (EUR 4.67 mln) to the Defense ...

4 million euro investment in a unit for the production of electricity in Azomures

Wednesday, January 13, 2021

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The biggest producer of fertilisers for agriculture in Romania, Azomures, announced that they will place an investment of four million euro in a unit for electricity production which will lead to the reduction of the carbon dioxide emissions, so that they can adapt to the requests of the programmed Green Deal of the European Commission.The Azomures spokesperson, Ovidiu Maior, stated that the new electrical unit will generate 5% of the annual ...

Czech company Mixit launched in Romania

Wednesday, January 13, 2021

Mixit, a Czech company producing personalized mixtures of muesli and lyophilisate fruit was launched in Romania and estimates the Romanian market will represent 5-10% of sales by the end of 2021.   “Mixit”, the Czech  company producing personalized muesli and fruit mixtures, extended in Romania before Christmas and customers from 5 countries can create their own muesli mixture now. After ...

Marian V. Popa is the new Globalworth Managing director for Romania

Wednesday, January 13, 2021

Globalworth office investor has announced the appointment of Marian V. Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian V. Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will report to Dimitris Raptis, CEO of Globalworth Group.  “Since 2012, Globalworth has transformed ...

Deloitte analysis: M&A activity recorded significant levels in 2020

Wednesday, January 13, 2021

The Romanian mergers and acquisitions (M&A) market recorded 91 transactions in 2020, compared to 110, in 2019. According to Deloitte estimations, the total market value, including the transactions with undisclosed values, was of 3.7-4.3 billion euros in 2020 (compared to 4-4.4 billion euros in 2019), while  transactions with disclosed value totalled 1.5 billion euros (compared to 1.7 billion euros in ...

Mihai Bordeanu, appointed Managing Director Dacia Brand South Eastern Europe and Country Head Romania

Wednesday, January 13, 2021

Following the organization of Groupe Renault around its brands, grouped in four business units – Renault, Dacia & Lada, Alpine and New Mobility – Christophe Dridi takes over the responsibility of the industrial perimeter in Romania, Russia and Morocco, as VP Global Access Industry and VP Industry for Dacia and Lada brands, starting with January 1st. At the same time, Mihai Bordeanu is appointed Managing Director Dacia Brand South Eastern Europe starting with ...

Vrancart invests 17 ml euros in waste recycling project

Wednesday, January 13, 2021

Corrugated cardboard and tissue paper manufacturer Vrancart announced that it is implementing a 17 million euro greenfield waste recycling project."The Vrancart group of companies continues its development strategy in 2021 through a greenfield investment amounting to a total of 17 million euros. For this project, Vrancart applied for and obtained a state aid of 8.3 million euros. The project will be carried out by a new company - Vrancart Recycling - and aims to ...

ONRC: 101,706 natural, legal persons doing business registered in first 11 months of 2020

Wednesday, January 13, 2021

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The number of registrations of individuals and legal entities doing business in Romania decreased in the first 11 months of 2020 by 18.92% from the same period of 2019, to 101,706, of which 72,005 were limited liabilities, according to data centralised by the National Trade Register Office (ONRC).Most registrations occurred in Bucharest, 17,514 (plus 2.63% as against January-November 2019), and in the counties of Cluj - 5,300 (minus 13.27%), Ilfov - 5,054 ...

Dr. Florinela Cirstina is the new GM of Medicover Romania

Wednesday, January 13, 2021

Medicover Romania has appointed dr. Florinela Cirstina as the general manager of the company, starting January 8, 2021.Dr. Florinela Cirstina replaces Dr. Radu L. Gorduza. Cîrstina was previously operational director within Medicover Romania, a company that she has joined five years ago.   Florinela Cirstina, a doctor specialized in vascular surgery, graduated the Medicine University of Timisoara. ...

Number of newly set up foreign capital companies down 27.1 pct over Jan - Nov 2020

Wednesday, January 13, 2021

The number of foreign capital start-ups established in Romania over January - November 2020 dropped by 27.1 percent from the same period of the year before to 3,715 units, according to data centralized by the National Trade Register Office (ONRC).The 3,715 new companies had a paid up share capital of 19.828 million US dollars in all, up 1.7 percent from January - November 2019.A number of 423 companies with foreign participation and with a paid ...

Over 45,915 companies were erased in first 11 months of 2020

Wednesday, January 13, 2021

The number of erased companies, at the national level, has dropped by almost 52% in the first 11 months of 2020, as opposed to the similar period of the previous year, to up to 45,915 deletions, according to the statistics of the National Trade Register Office (ONRC).Regarding activity areas, the highest number of deletions were registered in the retail and wholesale commerce, auto and motorcycle repairs - 12,443 (minus 55.742% reported for January-November 2019), ...

Slovak entrepreneur gets EU grant to develop boutique-winery in Romania

Wednesday, January 13, 2021

Patrick Simek, a Slovak entrepreneur, is developing a boutique winery in Dobrogea, Alira, with part of the financing (RON 2.4 million or EUR 0.5 mln) coming from the European Union’s budget.   Wine production in Romania has developed in recent years, reaching 250 wineries - many of which are boutique wineries. The biggest players today are Cramele Recas, Jidvei, and ...

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