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EFESO Management Consultants launches new office in Romania
Wednesday, October 2, 2024
EFESO Management Consultants has launched a new office in Romania, its second in Central and Eastern European, https://www.consultancy.eu/ informs. The new office in Bucharest will spearhead the company’s expansion plans in the Romanian market, and serve as a hub for its services to clients across the Central and Eastern Europe (CEE) region. The Romanian team will focus ...
Global Vision launches New Technology and Innovation Division
Wednesday, October 2, 2024
Global Vision, a leader in the Central and Eastern European real estate and energy sectors, proudly announces the launch of its new Technology and Innovation Division. This strategic initiative aims to implement custom AI solutions to enhance sustainability, operational efficiency, and innovation across the company’s diverse portfolio of real estate and green energy projects. The Technology and Innovation Division will focus on deploying ...
Cargus launches International Service, facilitating the expansion of Romanian businesses into foreign markets
Wednesday, October 2, 2024
As of October 1, Cargus’ Romanian customers can ship to Bulgaria and Greece. Additional countries will follow in the coming months, positioning Cargus as a pan-European courier. Cargus allows businesses to expand their reach and to accelerate their growth by facilitating cross-border trade in an easy and risk-free fashion. Romanian customers can continue to use ...
LIFE Group invests over EUR 1 million in specialized children’s dental clinics in Romania
Wednesday, October 2, 2024
LIFE Group, a brand under which LIFE Dental Spa and VivoDental clinics operate, continues its local expansion after recently opening its first dental center dedicated to children, specialized in orthodontics, in the Doroban?i neighborhood in Bucharest. At the same time, the first dental clinic in the western part of the country – in Timisoara – was officially opened, both clinics requiring investments exceeding 1 million euro. The new LIFE Dental Spa clinic ...
Damen to deliver two ferries to Toronto, ships will be built in Galati
Wednesday, October 2, 2024
The international company Damen signed a contract with the municipality of Toronto, Canada, for the delivery of two ferries, which will be built in Romania, at the Naval Shipyard in Galati, according to a press release from Damen Shipyards Galati.The fully electric ships will significantly contribute to increasing sustainability in the region. They will sail between the Jack Layton Ferry Terminal in downtown Toronto and the Toronto Islands, a major tourist destination ...
Michelin To Move Jobs From UK Operations To Romania And Poland
Wednesday, October 2, 2024
The French tire manufacturer Michelin has chosen to move dozens of positions related to the Service & Solutions division from Great Britain to Romania. Thus, several teams will work from the Shared Services Center in Bucharest until the end of this year, according ...
Catalyst Romania Invests €2 Million In ADAPTA Robotics
Wednesday, October 2, 2024
Catalyst Romania is announcing a €2 million investment in ADAPTA Robotics, a Romanian robotics development company that has consistently demonstrated its capacity for rapid innovation. Adapta Robotics provides state-of-the-art solutions across various industries, including automotive, consumer electronics, medical, manufacturing, R&D, electronics refurbishment, wearables, and gaming. This investment marks the eight investment from Catalyst ...
Competition Council Fines OKI Europe Limited 3.35 Million Lei
Wednesday, October 2, 2024
The Competition Council fined the peripheral equipment manufacturer OKI Europe Limited with a fine of 3.35 million lei, for limiting exports and fixing resale prices, as well as their monitoring, between October 2015 and March 2020. The competition authority found, following an investigation, that OKI Europe Limited adopted a strategy of imposing differentiated resale prices according to the countries in which it operated, ...
Nokian Tyres opens world's first full-scale zero CO2 emission tyre factory in Oradea
Wednesday, September 25, 2024
Nokian Tyres on Thursday opened its passenger car tyre factory in Oradea, north-western Romania, with the company's executives saying that it is world's first full-scale tyre factory with zero CO2 emissions.The factory was built under an investment project worth EUR 650 million euros, the largest investment in Romania in recent years, including state aid from the Romanian government worth some EUR 100 million."We are very pleased to be ...
Coface study: Insolvencies in Romania increased by 8.32% in H1 2024 compared to H1 2023
Wednesday, September 25, 2024
The latest Coface Romania study shows that in H1 2024, 3,684 new insolvency proceedings were opened, an increase of 8.32% compared to the same period of last year. There is also a deterioration in the payment behavior of companies, the number of payment incidents being 29% higher compared to the same period in 2023. The data also indicate a 73% increase in the number of insolvencies among companies with business over EUR 5 million, compared to the same period of ...
Danco Vision - The Go-To SEO Provider for the iGaming World at SBC Summit Lisbon 2024
Wednesday, September 25, 2024
Danco Vision, a recognized leader in providing complete SEO solutions for the iGaming industry, is attending the SBC Summit Lisbon 2024, one of the most important international events dedicated to technology and gaming. Consistently present at all conferences and trade fairs specialized in this industry, Danco Vision brings more than 18 years of expertise, with 4 million euros worth of SEO service contracts signed and demonstrates each time how customized SEO can ...
Schneider Electric collaborates with GR3N to tackle plastic recycling challenges and drive circularity in chemical sector
Wednesday, September 25, 2024
Schneider Electric, the world’s most sustainable company and ...
INFINEXA Restructuring confirmed by the court as the judicial administrator of Angst company
Wednesday, September 25, 2024
INFINEXA Restructuring, a Romanian entrepreneurial company specializing in the restructuring of distressed firms, with assets of over 130 million euros under management, has been confirmed by the Ilfov Court as the judicial administrator, in consortium with Prime Insolv Practice SPRL. "Our strategy involves a capital infusion from the new shareholder, the operational restructuring of the company, and the realization of non-essential ...
Competition Council Approves Paccor Acquisition By Seet Investment
Wednesday, September 25, 2024
The Competition Council authorized the transaction by which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova Mladenova, through Goodpack SarL, intend to take over Paccor Romania SRL. Goodpack holds interests in companies active in the production and marketing of rigid plastic packaging for food products. SEET Investment Holdings SarL is active on the rigid plastic packaging market in ...
Gebrüder Weiss Inaugurates The Second Logistics Hub Near The Capital
Wednesday, September 25, 2024
The international transport and logistics company Gebrüder Weiss has expanded its network of logistics terminals in Romania. In the southeast of Bucharest, in Popesti-Leordeni, the logistics provider has officially launched operations at a new hub following a major investment of 20 million euros. “The new location complements the already existing facilities in the western part of the capital, in Bolintin-Deal, thus facilitating even more ...
Fabrica De Lapte Brasov Opens New Logistics Center After €40M
Wednesday, September 25, 2024
Fabrica de Lapte Brasov, the company behind the Olympus brand and one of the largest dairy producers in Romania and the region, is setting a new standard in logistics with the inauguration of a new logistics center in Halchiu, Brasov County. This project, backed by an investment exceeding 40 million euros, covers a total area of 13,500 square meters and is designed to optimize logistics processes. Among numerous features, the new center also houses ...
Rituals Cosmetics Open Its First Store In Romania
Wednesday, September 25, 2024
At the end of September, Rituals Cosmetics, the international brand specializing in natural body and skin care products, home fragrances and home apparel, opens its first store in Romania. On September 25, starting at 11:00 am, Rituals will launch its first store in Romania in the Mega Mall shopping center in district 2, Bucharest. The first 150 customers who visit the store on opening day and purchase a product, regardless of value, ...
Packeta Romania enters a partnership with Diverta and expands its pick-up point network
Wednesday, September 25, 2024
Packeta Romania, a global digital platform for eCommerce, announces a new partnership with the office and stationery retail chain, Diverta, adding 17 new pick-up points to its national network. This collaboration marks an important step in Packeta’s development strategy, providing customers with a broader and more flexible network of locations for collecting online orders in key cities across Romania. The new pick-up points in the Diverta network will ...
Competition Council Reviews Autoklass Center’s Acquisition Of VW Services
Wednesday, September 25, 2024
The Competition Council is analyzing the transaction by which Autoklass Center SRL intends to take over from Tess SRL the distribution, service and agency activities for the brands Volkswagen Autoturisme, Volkswagen Commercial Vehicles and DasWelt Auto. Thus, Autoklass Center will take over the activities of retail sales of Volkswagen brand cars and light vans, respectively used cars, the activity of sales of original Volkswagen brand spare parts and ...
Pentest Copilot Has Become Pentra And Will Launch Its Product In October
Wednesday, September 25, 2024
Pentra is a cybersecurity start-up founded by high school students, the youngest team EGV has ever invested in Pentest Copilot, a cybersecurity startup finalist at the Innovation Labs 2024 and selected by Early Game Ventures to receive funding, has become Pentra. The company, founded by 3 high school students, two of whom have not turned 18 yet, is preparing the public launch of its first security product in ...