The manufacturer of household appliances Arctic opens in southern Arges county a regional spare parts hub that will supply 23 countries, as part of the Arcelik group's development strategy in Romania and the region, according to a company release.Located in Cateasca, Arges county, near the Pitesti-Bucharest highway (A1), the new warehouse has an area of 10,000 square meters and a storage capacity of 11,500 cubic meters. It became fully operational at the end of March and includes offices and functional areas for new employees.The hub will serve in the first phase 15 countries in the European Union and 8 outside the community bloc. The network will expand to include other European countries."The new regional hub established in Arges is still a proof of our commitment to Romania and of the special position it enjoys within the Arcelik group. Romania has a strategic role, at the intersection of three major markets, which makes it ideal both as a production hub and as an important center for coordinating logistics activities. At the same time, the opening of this warehouse is in line with our sustainability strategy, focused on reliable products with a high degree of repairing and on reducing the carbon footprint," said Murat Buyukerk, Arctic's Chief Executive Officer.The center will provide spare parts for all products sold by Arctic and Arcelik, mainly for the categories of refrigerators, washing machines, dishwashers and air conditioners.The pieces come from the two Arctic factories in Romania, Gaesti and Ulmi, from five Arcelik factories in Turkey and in China.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
