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Infosan achieves EUR 5 million revenue in 2024, marking a 10% year-on-year growth
Wednesday, December 18, 2024
Infosan, the only private pediatric ophthalmology hospital in Romania, reported a turnover of approximately €5 million in 2024, representing a 10% increase compared to the previous year, despite the challenges posed by economic uncertainties. At the same time, the company invested 2.2 million euros this year to develop the medical services provided to its patients. “The ophthalmology services market in Romania has experienced ...
Competition Council Approves Volta Grup’s Acquisition of Electrotehno
Wednesday, December 18, 2024
The Competition Council has authorized the transaction by which Volta Grup S.R.L. intends to take over Electrotehno S.R.L. Volta is active in the distribution of electrical equipment, offering electrical solutions and equipment. Volta specializes in the marketing of certain low-voltage electrical equipment and electrical solutions. Electrotehno S.R.L is active in the production of electrical equipment for the control and distribution ...
DIGI Starts Commercial Operations in Belgium
Wednesday, December 18, 2024
Starting from December 11, 2024, DIGI expands its commercial operations in Europe and launches fiber-optic broadband internet, as well as mobile voice and data services in Belgium. With a strategy focused on user needs and a strong commitment to provide high-performance, affordable, and stable solutions, the company aims to redefine how Belgian consumers will access technology and entertainment. Without hidden fees, complicated promotions, or periodic price increases, customers have ...
Competition Council Reviews Vodafone and Digi’s Acquisition of Telekom
Wednesday, December 18, 2024
The Competition Council is analyzing the transactions through which Vodafone Romania S.A. intends to take over Telekom Romania Mobile Communications S.A., and Digi Romania S.A. will take over certain assets of the same company. The assets of Telekom Romania Mobile Communications SA that Digi Romania SA intends to take over consist of the rights to use certain radio frequencies, part of their towers, infrastructure and equipment, as well as pre-paid ...
Braiconf announces the store relaunch with a new and diversified product portfolio
Wednesday, December 11, 2024
The shop, which can be accessed at https://www.braiconf.ro/, is an online platform that has been re-branded in a modern and simple approach, with an updated visual identity and a diversity of new collections. Romania's iconic men's shirt brand is diversifying its portfolio with products for women and the whole ...
67,116 companies deregistered in first 10 months
Wednesday, December 11, 2024
A total of 67,116 companies were deregistered at the national level in the first 10 months of 2024, which is 25.47% more than the same period in 2023, according to data from the National Trade Register Office (ONRC).The highest number of deregistrations was recorded in Bucharest, with 10,405 cases (a 14.68% increase compared to January-October 2023), followed by the counties of Cluj (3,342, +28.14%), Timis (2,747, +17.24%), Constanta (2,563, +8.97%), ...
UK’s Mpac Group Acquires Two Romanian Subsidiaries of CSi Palletising
Wednesday, December 11, 2024
Mpac Group, a UK-based packaging automation company, has completed a cross-border acquisition of CSi Palletising Group, a provider of end-of-line automation and palletizing solutions. The transaction, worth EUR 56 million, includes the indirect acquisition of two Romanian subsidiaries, CSI Romania and Alpha Las. “We are pleased to announce that the Mpac ...
Franchwise expands its portfolio with a cleaning products franchise – Kimicar
Wednesday, December 11, 2024
Franchwise,the largest consulting company specializing in the field of franchises in Romania, is expanding its portfolio with the launch of a new franchise. Kimicar is an Italian brand with over 20 years of presence in Romania and more than 40 years in Italy, that specializes in the sale and distribution of professional cleaning products for the HoReCa, automotive, and industrial sectors, as well as household ...
Cargus up 32% in November
Wednesday, December 11, 2024
Cargus, one of the largest courier companies in Romania and the region, recorded increasing weekly volumes of deliveries made in November, about 32% higher compared to October weekly averages. The evolution was mainly determined by the Black Friday campaigns carried out in the e-commerce segment. An important trend is that the discount period is no longer focused on a specific day or weekend, but extends over a period of several weeks, starting from the very beginning of the ...
Azitis.com nears EUR 20 million in sales across 600 auctions in less than a year since launch
Wednesday, December 11, 2024
Azitis.com, the first fully digitalized auction platform for distressed assets, has recorded nearly €20 million in sales and conducted over 600 auctions in just 10 months since its launch. The platform currently hosts 350 assets across 11 categories, ranging from land and machinery to turnkey businesses, with a total estimated value exceeding €40 million. All listed assets represent acquisition opportunities for individuals and businesses, sourced from companies in ...
INVL Baltic Sea Growth Fund signs agreement to acquire the Pehart Group in Romania
Wednesday, December 11, 2024
INVL Baltic Sea Growth Fund, the private equity fund in the Baltics, has signed an agreement to acquire shares in Pehart Group, a producer of household and industrial paper products in Romania and owner of the oldest paper factory in Romania with a 187-year tradition. The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025, subject to obtaining the necessary ...
Survey: Companies in Romania estimate an increase in the impact of regulations in the area of circular economy
Wednesday, December 11, 2024
Over two-thirds (67%) of the companies active in Romania expect an increase in the impact of regulations in the circular economy area, with transparent communication and information of shareholders appearing at the top of the transition priorities, shows a survey published on Wednesday by Deloitte.According to the research entitled "Circular Economy. Perception and Implementation Status in Romania 2024," six out of ten companies (59%) say that they have ...
Norwegian innovation - prefabricated energy piles - presented as a first in Oradea
Wednesday, December 11, 2024
A Norwegian innovation in construction - prefabricated energy piles - will be presented for the first time in Romania at a workshop in Oradea on December 10, as part of the international GeoInnovatePile project, which aims to transfer technology to Romania, Horia Ban, president of the Romanian Geoexchange Society (SRG), saidThis knowledge transfer takes place through the SRG's Centre of Excellence for Surface Geothermal Energy for Eastern Europe, based in ...
4,943 foreign-owned companies established in Romania in first ten months
Wednesday, December 11, 2024
A total of 4,943 foreign-owned companies were established in Romania in the first ten months of 2024, a decrease of 15.5% compared to the same period in 2023, according to data collected by the National Trade Registry Office (ONRC).These 4,943 new companies had a total subscribed share capital of nearly 17.5 million dollars, a decrease of 85.53% compared to the subscribed capital of firms registered in the first ten months of 2023, which was 121 ...
Competition Council Approves Mega Image’s Conditional Profi Takeover
Wednesday, December 11, 2024
The Competition Council has authorised, with conditions, the transaction by which Delhaize “The Lion” Nederland B.V. (Mega Image) takes over Profi Rom Food S.R.L. As a result, Mega Image must fulfill a series of structural and behavioural commitments to remove the competition concerns identified both in its relationship with suppliers and on the local market of retail trade of current ...
The French from CDS Groupe are coming to Romania
Wednesday, December 4, 2024
The French company CDS Groupe, a supplier of booking and payment solutions in the hotel business, in full expansion in Europe, ambitious in become a leader on the continent, have come to Romania, data analysed by Profit.ro show. The branch, based in Timisoara, will act as touroperator. In November, CDS Groupe purchased the Italian company SIAP, a supplier of software solutions for traveling and ...
Romania exported cereals and cereal products of 2.39 billion euros
Wednesday, December 4, 2024
Romania exported, in the first 8 months of 2024, cereals and cereal products of 2.398 billion euros, 18% less than in the same period of 2023, according to data centralized by the National Statistics Institute (INS). In the mentioned period, imports of cereals and cereal products amounted to 989.2 million euros (minus 11.2%, against the first 8 months of 2023), with an excess of 1.408 billion euros on that ...
“Rituals” extends to Romania
Wednesday, December 4, 2024
Rituals cosmetic brand, with over 10,000 employees in 43 world countries and a portfolio of 800 products, which entered Romania with its own store in the Fall, is now extending in the local market to a second store in Sun Plaza, Bucharest. The first store opened in the Mega Mall, a commercial center in Bucharest. Until now, products had been sold vis Douglas, Sephora network. The company was set up in 2000 in Amsterdam, and is now present in cities ...
As many as 5,896 companies and authorized individuals become insolvent in first ten months of 2024
Wednesday, December 4, 2024
The number of commercial companies and authorized individuals (PFAs) that became insolvent in the first ten months of this year was 5,896, an increase of 9.63% compared to the similar period in 2023, when 5,378 insolvencies were registered, according to the data on the website of the National Registry Office of Commerce (ONRC).The most companies and PFAs that filed for insolvency between January 1 and October 31, 2024 were registered in Bucharest, respectively 1,053, a ...
Norofert announces 10% increase in revenue and a 24% in net profit in 9M 2024
Wednesday, December 4, 2024
Norofert, the leading producer of organic agricultural inputs and biotechnology provider for agriculture in Romania, listed on the AeRO market of the Bucharest Stock Exchange, recorded a turnover of RON 35.5 million in the first nine months of 2024, marking a 10% increase compared to the same period last year. This growth was driven by the production and commercialization of agricultural inputs, including results from the USA operations. Despite a challenging ...