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Simina Leotescu joins Minthical as Managing Director

Wednesday, October 14, 2020

Minthical, a full-service international communications agency with offices in Switzerland, Romania and The UK, is delighted to announce the appointment  of a key member of its management team. Simina Leotescu has joined ...

Posta Romana conclude financial agreement with EximBank

Wednesday, October 14, 2020

National Company Romanian Post (CNPR) has concluded a financing agreement worth of RON 200 Million with EximBank, which won the competitive procedure organized by the company and entered by several banks. The financing provides the necessary resources for starting the most extensive investment program in the last 40 years aiming at upgrading services and going digital. The ceremony of signing the financing agreement by Horia Grigorescu, General Director of CNP and ...

Sphera Franchise Group appoints Calin Ionescu as Chief Executive Officer

Wednesday, October 14, 2020

Sphera Franchise Group (“Sphera”) announces the appointment of C?lin Ionescu as Chief Executive Officer, for a mandate of two years and seven months, ending on May 1, 2023. C?lin Ionescu had been interim Chief Executive Officer starting with April of this year. The decision to appoint and validate him for a consolidated mandate was made at the October 8 meeting of the Administration Board.   “I am honoured to be appointed as Chief ...

Impact Developer & Contractor continues its national expansion and enters the real estate market in Iasi

Wednesday, October 14, 2020

Impact Developer & Contractor, Romanian real estate developer listed on the Bucharest Stock Exchange, enters the real estate market in Iasi through the acquisition of a 19,068 sqm land plot. The transaction marks a major step in the developer’s strategy for implementing Greenfield and LUXURIA living standards in large cities throughout the country.   The land is located in Copou area, known as one of the most attractive ...

EY Romania has a new partner within the EMEIA tax centre

Wednesday, October 14, 2020

Ana-Maria Voicu Domsa is the new Partner of EY Romania within the EMEIA Fiscal Center (EMEIA Tax Center). In this role, she will coordinate, together with other partners, the work of the reporting and compliance indirect tax team within the EMEIA Fiscal Centre. “Ana Maria’s performance in developing complex solutions for our global customers recommends her for this new role. I am confident that the experience gained will ...

Lion’s Head Investments: Anca Simionescu is the new country manager In Romania

Wednesday, October 14, 2020

Lion’s Head Investments has announced the appointment of Anca Simionescu as Country Manager in Romania, responsible for the implementation of the Group’s strategy in the country.  “I look forward to leading and enabling our team in building a great foundation for our value driven investments on the local market”, said Anca Simionescu, Country Manager Lion’s Head ...

Straumann Group takes over Artis Bio Tech

Wednesday, October 14, 2020

The Swiss company Straumann Group, world leader in dental rehabilitation solutions, present in Romania through it’s local subsidiary Straumann Dental, announces the full takeover of Artis Bio Tech. The value of the transaction was not disclosed. Artis, a reliable partner of Romanian professionals in the field of dental implantology, has 15 years of experience in the distribution and promotion of dental implant ...

iQuest continues its activity in Romania under the Nagarro brand

Wednesday, October 14, 2020

Nagarro, a global leader in digital engineering and technology solutions, and the international software development company based in Romania iQuest have finalized their transition following the merger announced in August this year. Both companies are owned by the German group Allgeier SE. After the transition period started a few months ago, Nagarro Romania will have mixed teams – employees from both iQuest & Nagarro – working on projects, both in engineering ...

Renault relocates Dacia Sandero production to Morocco

Wednesday, October 14, 2020

Renault has confirmed the information according to which the production of Sandero hatchback will be relocated from the Mioveni plant to Morocco, reports Profit.ro. Mark Suss, ...

Competition Council: Trust Motors can purchase company to take over Opel activity in Romania

Wednesday, October 7, 2020

The Competition Council announced on Monday that it had authorized the transaction by which Trust Motors, controlled by businessman Gheorghe Dolofan intended to take over Opel Automotive R SRL, a company set up to take over the entire activity carried out by Opel in Romania.   “Following the analysis, the Competition Council found out that this operation does not raise significant obstacles in front of competition in the Romanian market and there ...

TeraPlast requests state aid for 50% of a 7.9 million euro investment project

Wednesday, October 7, 2020

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TeraPlast, a PVC pipe manufacturer wants to purchase performing equipment and raise new constructions, as part of a 7.9 million euro project for which it requested 50% state aid.   The overall value of the project is 7.9 million euros, of which 50% state aid. The project has in view the extension of manufacture capacity of the Installation business line, the portfolio of pipes and fittings. The implementation of the project will be ...

Study: 57% of small and medium companies in all sectors recorded order or contract cancellations due to pandemic

Wednesday, October 7, 2020

57% of small and medium companies in all sectors recorded order or contract cancellations because of the pandemic, while 35% of small companies showed the pandemic had a significant impact on demand and incomes, a study made by Vodafone Group shows. According to it digitization was a key factor which determined the crisis effect on small companies.   Vodafone recently presented a study which involved 1,200 small and medium companies from several ...

Number of suspended businesses down by almost 27 pct in first eight months of 2020 (ONRC)

Wednesday, October 7, 2020

The number of companies that have suspended their activity decreased, in the first eight months of 2020, by 27.41% compared to the similar period of 2019, reaching 7,104, according to data published by the National Companies Registry Office (ONRC).Most companies that suspended their activity between January and August 2020 were from Bucharest, respectively 734 (down 24.49% compared to the same period in 2019), followed by the counties of Cluj, with 480 suspended companies (down ...

Manuel Fernandez Amezaga is the new CEO of Sodexo Romania

Wednesday, October 7, 2020

Sodexo Romania, leader in extra-salary benefits in Romania, announces the appointment of Manuel Fernandez Amezaga as CEO of the company, starting with November 2020. He will replace Sven Marinus, the leader who coordinated the process of digitalization of the extra-salary benefit vouchers offered by the company in Romania. Manuel Fernandez Amezaga is a manager with more than 20 years’ experience, specialized in payment technologies. He has joined Sodexo in 2010 and held ...

Eurostat: Only 5pct of Romanian enterprises have insurance against IT&C incidents

Wednesday, October 7, 2020

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Romania is among the countries with the lowest weight of companies that have insurance against IT&C security incidents, show data published by Eurostat on Friday.In 2019, 21 per cent of EU enterprises with 10 or more persons employed reported having insurance against ICT security incidents. The Member State with the highest share of enterprises with insurance against ICT security incidents was Denmark (56 per cent of all enterprises), followed by Ireland, France and ...

Digital platform Code of Talent obtains non-reimbursable financing of almost 1 million euros

Wednesday, October 7, 2020

The Romanian Code of Talent platform, specialized in digitizing the "Learning & Development" and "Business Execution" processes, obtained a non-reimbursable financial assistance of almost 1 million euros from European funds, the company announced, in a statement sent on last Thursday.The total value of the project "Code of Intelligent Talent - innovation in microlearning through the use of artificial intelligence" (MySmis Code: 129112) is about 1.4 million euros (6,816,925.11 ...

Safetech Innovations SA to be listed on BVB’s AeRO market

Wednesday, October 7, 2020

Safetech Innovations SA, a Romanian cybersecurity company, has announced intention to list on the AeRO market of the Bucharest Stock Exchange (BVB). Before the listing, Safetech Innovations will carry out a private placement for new shares to raise 2.5 million lei from BVB investors. The placement for new ordinary shares of Safetech Innovations will take place in fall 2020, and it will be brokered by Tradeville. Cornerstone Communications will be the company’s Authorized Advisor ...

Trade Register: Over 32,000 companies deregistered in first 8 months

Wednesday, October 7, 2020

The number of companies deregistered nationwide decreased by 59.03% in the first eight months of 2020 compared to the same period of last year, to 32,255 deregistrations, according to statistics from the National Trade Register Office (ONRC).Most deregistrations were recorded in Bucharest - 5,076 (44.05% less than in January-August 2019) and in the counties of Cluj - 1,491 (minus 49.63%), Constanta - 1,428 (minus 35.47%) and Timis - 1,330 (minus 46.63%).At the ...

Up to EUR 37.5 M non-reimbursable funds can be accessed till 2023

Wednesday, September 30, 2020

The Ministry of Public Finance has announced a three-year extension of the GD 807/2014 financing measure,  between 500,000 EUR to 37.5 million EUR of EU funds for Start-ups, SMEs and big companies, the deadline being set to  December 31st, 2023.   According to the 4th revision from ...

Sorin Preda is the new BAT commercial manager

Wednesday, September 30, 2020

British American Tobacco (BAT) has appointed Sorin Preda as commercial manager for Romania and Republic of Moldova. In his new capacity, Sorin Preda will lead a team of 600 people, by coordinating the sales and promotion activities in Romania and in R. Moldova.   Sorin Preda has been working within BAT for over 20 years and he had recently returned home after he was Country Manager in Bulgaria. In 2016 he ...

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