The Romanian Ambassador in France, Luca Niculescu, was elected on Wednesday, February 13, 2019, as the Chairman of the Group of Francophone Ambassadors in France (GAFF), which gathers more than 40 ambassadors from the states that are members, associates and observers to the International Organisation of Francophonie (OIF), accredited in...
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Kingswood Capital Management has signed an agreement to acquire the medical products manufacturer Drive DeVilbiss Healthcare from the private investment firm CD&R. Drive DeVilbiss has been present in Romania since 2005, with a factory in Bistrița, where the company produces its Ticco raised toilet seat, Delphi shower stools and Bellavita Nova bath lifts, according to
The National Agency for the Development of Health Infrastructure (ANDIS) and the Turkish group CCN signed the contract for the construction works on the Iași Regional Emergency Hospital on October 17. The value of the contract amounts to RON 1.69 billion (around EUR 340 million),
Egg producer Toneli has opened a breaker egg factory in Costeştii din Vale, in Dâmboviţa county, following a EUR 5 million investment. “Toneli has been active in this sector (e.n. breaker eggs) for four years, but we were outsourcing this service to a partner in Bulgaria. Now, we have built a factory from scratch,” Florin […]
Compa Group, one of the largest manufacturers of automotive components in the country, has started the second phase of Arsenal Residence, a residential complex located near the Sub Arini Park in Sibiu, in central Romania. The total investment exceeds EUR 30 million, and follows the company decision to diversify into the real estate market,
Mplus, the BPTO vertical of Croatia’s Bosqar Invest (ZSE: BSQR), has concluded its acquisition of Valoris, the Romanian customer experience (CX) and business process outsourcing (BPO) provider. The acquisition of Valoris further strengthens Mplus's position on the Romanian market and expands its delivery capacity for international markets, the company said. The transaction has received the […]
The Constitutional Court of Romania (CCR) ruled on October 20 that the law that modifies the pension rules for magistrates is unconstitutional. The decision on the law follows a complaint of unconstitutionality filed by the High Court of Cassation and Justice. The law, proposed by the government led by Ilie Bolojan as part of several […]
