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Alternus Energy buys another PV park in Romania

Wednesday, January 6, 2021

China's ReneSola Energy is selling its two photovoltaic parks in Romania, with a total capacity of 15.4 MW, to Alternus Energy, an investor from the United States. The buyer already operates locally solar energy projects totaling 6.1 MW. Alternus Energy is an American company that entered Romania by acquiring two solar parks with a total capacity of 6.1 MW, in 2016. It later expanded in Germany, Italy, and the Netherlands.   The ...

MedLife takes over six pharmacies in Bucharest hospitals

Wednesday, January 6, 2021

Romania's biggest private medical services provider, MedLife Medical System, has signed a contract for taking over CED Pharma, which owns six pharmacies located within or close to hospitals.   This is MedLife's second acquisition in the pharma segment, after Pharmachem, announced within two weeks. The transactions are pending approval by the Competition Council.   CED Pharma is part of a group of companies, which ...

Wipro takes over METRO Systems Romania after signing strategic digital and IT deal with METRO AG

Wednesday, January 6, 2021

Wipro Limited, a leading global information technology, consulting, and business process services company, today announced a significant strategic digital and IT partnership deal with METRO AG, the leading global wholesale company that is redefining the food service distribution industry.   As a part of this transaction, Wipro will take over the IT units of METRO AG — METRO-NOM GMBH in Germany and METRO Systems Romania S.R.L. Through this ...

General Manager of Microsoft Romania, appointed to lead Microsoft’s operations in the Czech Republic and Slovakia

Wednesday, January 6, 2021

Violeta Luca, General Manager of Microsoft Romania, has been appointed to lead Microsoft’s operations in the Czech Republic and Slovakia, starting with January 2021.   “It is an opportunity that makes me happy and honors at the same time, through which I aim to add value to the new capacity, to further develop and support digital transformation projects on a large scale. I strongly believe that technology is more than ever the solution to ...

Steel mill Liberty Galati completes EUR 13 mln investment

Wednesday, January 6, 2021

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Romanian integrated steel mill Liberty Galati, part of British group Liberty, has completed an investment project worth EUR 13.5 million for modernizing the air preheater at one of its blast furnaces. The project will improve the operating performance and reduce costs, the company announced in a press release.   The GFG Alliance, led by Indian billionaire Sanjeev Gupta, which owns the Galati plant, announced that it plans EUR 1 billion investments ...

Vifrana Vineyard gets RON 9.5m financing, plans to invest in technology, cosmetics

Wednesday, January 6, 2021

Vifrana, a Romanian producer of organic wine by cultivated area, wants to repay a bank loan worth 8.2 million lei, to invest in technology, but also to expand abroad and on new business segments after recently obtaining financing of 9.5 million lei through a private placement of shares.   The offer, which was attended by 83 investors, was made with the support of the brokerage company Goldring, “the intermediary of Romanian entrepreneurial ...

Tesla is preparing to open its office in Bucharest

Wednesday, December 23, 2020

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Electric car producer Tesla is close to opening its office in Bucharest as it announced several open positions on the company's official website.For the beginning, Tesla wants to hire five people, including a store manager, two service technicians, a service manager, and a sales consultant, according ...

Crikle raises EUR 0.5 mln on Romanian crowdfunding platform

Wednesday, December 23, 2020

Crikle, the first British startup listed on the Romanian crowdfunding platform Seedblink, has reached its EUR 0.5 million financing target in just a few days after launching the campaign. Crikle decided to increase the target to EUR 0.6 mln and officially close the campaign after reaching this sum.   Crikle has raised this round at a pre-money valuation of EUR 4.4 million.The company had already received ...

Redis Labs will open R&D center in Bucharest in partnership with local firm

Wednesday, December 23, 2020

US-based tech group Redis Labs, which develops database management system software, will open a research and development (R&D) center in Bucharest in partnership with Romanian firm Tellence.   Tellence will work in partnership with Redis Labs’ Research & Development leadership to build a significant cloud services R&D center in Romania staffed with developers who are experienced in full ...

SoftOne Romania takes over Greek software integrator Orosimo

Wednesday, December 23, 2020

Cloud ERP solutions provider SoftOne Romania, a member of the Olympia investment group owned by businessman Panos Germanos, has taken over Greek software integrator Orosimo Software.The acquisition is part of SoftOne Romania's development strategy to expand its network of national partners and its customer portfolio, which has already reached over 600 companies.   Orosimo Software is a developer of ERP, ...

UiPath, the most valuable startup ever born in Romania, files for IPO

Wednesday, December 23, 2020

UiPath, the leader of the robotic process automation (RPA) industry, has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (SEC) for a proposed public offering (IPO) of its Class A common stock. The company made the announcement on Thursday evening, December 17.   The number of shares of Class A common stock to be sold and the price range for ...

Frisbo expands its European operations across 5 new countries

Wednesday, December 23, 2020

Romanian startup Frisbo, the smart e-fulfillment solution with the widest European coverage, taking on warehousing, packing and delivery of online orders on behalf of online shops, is announcing that it’s expanding operations in 5 new countries: Moldova and Bulgaria – where it has already started serving e-stores – in addition to Spain, Italy and Belgium, where Frisbo is in the process of integrating partner warehouses. In 2021, the company plans to grow the ...

EBRD:Tremend and Vivre Deco pioneer digitalisation in Romania

Wednesday, December 23, 2020

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* New Blue Ribbon members adapt to coronavirus pandemic conditions   The year 2020 has been a challenging one for SMEs ...

Smart infrastructure integrator Datacor launches new visual identity

Wednesday, December 23, 2020

* Datacor launches the new branding celebrating the company’s 18th anniversary    Datacor, one of the biggest Romanian providers of intelligent infrastructure solutions, has a new visual ...

International Property Awards Impact Developer & Contractor Company

Wednesday, December 23, 2020

Impact Developer & Contractor won two awards in the Property Development section and one in the Architecture section, in the European region, within the prestigious International Property Awards 2020 - 2021. The prizes obtained are: 5 Star Award - Best Developer Website Romania for the ...

Over 41,000 companies were deregistered in the first ten months of 2020

Wednesday, December 16, 2020

The number of companies deregistered nationwide decreased by almost 54% in the first ten months of 2020 compared to the same period last year, to 41,119 deregistrations, shows the statistical data of the National Trade Register Office (ONRC).Most deregistrations were registered in Bucharest - 6,652 (almost 38% fewer than in January-October 2020) and in the counties of Cluj - 1,907 (-44.06%), Constanta - 1,818 (-31.63%) and Timis - 1,792 ...

TeraPlast sells its window profiles business

Wednesday, December 16, 2020

Romanian TeraPlast Group (TRP) has sold its plastic window profiles business to Dynamic Selling Group, a local producer and distributor of window profiles for thermal insulating carpentry.   The two sides agreed on a value of around EUR 4.5 mln, which will be adjusted based on the working capital level when the transfer will occur. This is TeraPlast's second deal this ...

Instant factory expands to Serbia after EUR 750,000 financing round

Wednesday, December 16, 2020

Instant Factoring, the first Romanian fintech to offer online factoring to Romanian entrepreneurs, has closed a round of equity financing worth EUR 750,000. The round was subscribed by Instant Factoring’s current shareholders to fuel its fast expansion.   The company will use EUR 350,000 of the new funds to launch its operations in Serbia and the remaining EUR ...

eMAG launches venture fund for tech startups

Wednesday, December 16, 2020

The online retailer, eMAG, has launched an acceleration program for tech startups. With this program, called eMAG Ventures, the group aims to use the expertise gained during the development and expansion of various projects, such as eMAG Marketplace, and companies that have grown rapidly, such as Sameday (courier), Conversion (digital marketing), Fashion Days (fashion marketplace), Tazz by eMAG (delivery) or Zitec (online ...

RTPR advises 123FormBuilder on a new investment

Wednesday, December 16, 2020

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RTPR has advised 123FormBuilder and its shareholders, Catalyst Romania, Florin Cornianu and Adrian Gheara, in relation to the investment of 212, a venture capital fund specialised in tech companies. 123FormBuilder is an online platform that helps individuals and businesses create forms, surveys, quizzes, and polls online, without requiring coding skills.   The RTPR team ...

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