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Top of most dynamic IT&C companies. Romania ranks third

Wednesday, October 22, 2014

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Romania ranks third in the Deloitte CE Technology Fast 50, 2014 with 6 companies in the competition of the most dynamic companies in the technological field, based on the increase of incomes over 2009-2013.   Four of the companies in the classification are new , but the average increase registered by Romanian companies in the top is 589%. Five companies are software developers, and one is an internet company. Two of them ...

Trade Registry: 11,016 firms suspend activity in the eight months of this year

Wednesday, October 22, 2014

The number of the Romanian firms having suspended activity in the eight months of this year dropped by 29.62 percent from Jan.-Aug. of 2013 to 11,016 firms from 15,652, show figures centralised by the National Trade Registry Office released on Sunday. Most of the companies that ended operations were recorded in Bucharest - 1,375 and ...

Vodafone Romania mulls entering TV market

Wednesday, October 22, 2014

Vodafone Romania's management team is considering the possibility of entering Romania’s TV market and offering customers packages of multi-play services, the company’s CEO Vittorio Colao told local paper Ziarul Financiar during an interview. The operator also plans to offer fixed voice and data for residential customers.   The Group takes into account all the variants, including an acquisition or a merger, but ...

UPC Romania hires 20% of internship participants 

Wednesday, October 22, 2014

UPC Romania announced that 20 percent of the 20 students who took part in its third internship programme will become part of its team. The programme took place in the summer of 2014 and was addressed to students from the capital Bucharest's main universities. The students have been selected from approximately 150 candidates. The 20 interns worked for 5 of the company's departments.(Source: ...

Orange Romania launches My Network app 

Wednesday, October 22, 2014

Orange Romania launched My Network, an app for smartphones powered by Android which enables end-users surf the web at the best available internet speeds by accessing Orange's mobile network at 4G+, 4G, 3G+ or 3G speeds, available Orange Wi-Fi networks or preferred Wi-Fi networks. With My Network, end-users can choose favorite Wi-Fi networks to which they connect to automatically when these are in their coverage area, can see available networks in their area and the network ...

Three quarters of family business in Romania grew in last financial year

Wednesday, October 22, 2014

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Three quarters of family businesses in Romania recorded business figure growths in the last financial year, but the competition is more intense and the pressure on prices is higher, according to a PwC Family Business Survey.   “74% of family businesses in Romania registered an increase of the business figure in the last financial year, but Romanian entrepreneurs are more cautious about the future than their world ...

Cluj IT Cluster is best represented in the export of IT services

Wednesday, October 22, 2014

 The state should get involved in Romanian research and the IT sector would want the profit reinvested in research to be offered tax break, Alexandru Tulai, president of the Cluj IT Cluster Board of directors told the Foreign Investors Summit 2014 in ...

Celestica aims to expand in Romania

Wednesday, October 22, 2014

Canada-based electronics manufacturer Celestica, which operates a manufacturing plant in Oradea, western Romania, is looking to increase its portfolio by expanding into the solar energy sector and the automotive industry, said Cristian Gulicska, general manager of the company, during the second day of the Foreign ...

Telekom Romania promotes Tsokanis to director of operations

Wednesday, October 22, 2014

Telekom Romania's IT director Timos Tsokanis will be promoted and will take over the attributions of Bob Konstantinidis, the director for operations and technology of the group, writes local paper Ziarul Financiar citing market sources. Konstantinidis will leave the company. Tsokanis was recruited by Romtelecom in August 2010 for the IT director position. In 2013, when Nikolai Beckers named the first joint team for Romtelecom and Cosmotre Romania, Tsokanis was named director ...

Accor could sell 46 hotels, including from Romania

Wednesday, October 22, 2014

French Accor has offered Polish hotel operator Orbis 46 hotels in Central and South-Eastern Europe, including in Romania, for EUR 142 million, according to Reuters cited by Mediafax. The offer was made exclusively to Orbis which said that it will announce its decision over the following weeks, according to the same source.   Accor’s offer is in line with the Polish group’s ...

EY: Romanian M&A market down 24 pct to USD 578 mln In January-June

Wednesday, October 22, 2014

The Romanian mergers and acquisitions market totaled USD 578 million in the first six months of 2014, down 24 percent from USD 756 million in January-June 2013, with 61 deals, compared with 75 in the first half of last year, according to EY M&A Barometer Romania.   Only 23 deals went public with the value of transactions, meaning 38 percent of total, down 6 percent from the first semester of 2013. Unlike ...

The idea of a business forum Romanian-Uzbek, discussed in a meeting with Bogdan Aurescu

Wednesday, October 15, 2014

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 The State Secretary for strategic affairs in the ministry of foreign affairs (MFA) Bogdan Aurescu received on Tuesday the chairman of the Commission for Foreign Policy of the Senate of the Republic of Uzbek,Sadik Safaev with whom he discussed about the idea of a business forum Romanian –Uzbek, informs a press release of MFA. The guest, former minister of foreign affairs of the Republic of Uzbek (1993, 2003-2005) pays a visit to Romania accompanied by a parliamentary ...

Study:Romania could obtain 8.4 billion euro by the selling of its shares in the biggest state-run companies

Wednesday, October 15, 2014

 Romania could obtain 8.4 billion euro out of the selling of shares owned at the most important state-owned companies thus covering 6.3% of the public debt, according to a study made by the Institute for Economic Research of Austria. The sale of bonds for state-run companies listed on the stock exchange would bring 4.6 billion euro according to the quoted source which takes in consideration Romgaz, OMV Petrom, Nuclearelectrica, Transgaz, Rompetrol, ...

Alro: We don’t see much future for the aluminium industry in Romania

Wednesday, October 15, 2014

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 The costs with energy of Alro Slatina were 66 million dollars last year, and the company cannot afford to have such expenditure for another year, stated,recently Gheorghe Dobra, CEO of Alro Slatina in a conference on energy issues.According to him, the expenditure with the energy, including ecotaxes surpassed 1,000 dollars per ton. The quotations of the aluminium were on Thursday of 1,886 dollars per ton. ‘The costs for energy got to over 1,000 ...

Government strategy: the number of SMEs should increase until 2020 by approximately 200,000 companies

Wednesday, October 15, 2014

 The governmental strategy for the development of the SMEs sector until 2020 includes the growth of the number of active entreprises from 474,000 – the number which was recorded at the end of last year, - to 670,000 companies, with growth of the number of employees from 2.6 million to 3.2 million. The minister delegated for SMEs, Business Environment and Tourism, Florin Jianu announced that the government adopted on Tuesday the Governmental Strategy ...

Holcim Romania is launching the new range of special concretes EX3

Wednesday, October 15, 2014

  Holcim Romania, one of the world’s leading producers of cement, ready-mix concrete and aggregates, is launching the new range of special concretes EX3, specially designed for the most innovative construction projects, the company informs. The EX3 range comprises concretes which have been specially designed to meet the future challenges in constructions, whether we speak about skyscrapers that are hundreds of meters high, which require high-strength ...

Kingfisher reopens six former Bricostore units under Brico Depot brand on Friday

Wednesday, October 15, 2014

British DIY retailer Kingfisher has finished remodeling six more former Bricostores, which it will reopen Friday as Brico Depot stores.“Brico Depot announces the inauguration of six new “depots”, that began their transformation in August, thereby reaching a total network of 8 units on the local market. The stores are part of the 15 Bricostore units bought in June, last year, and they were designed after the famous Brico Depot model” according to a ...

Flanco 9-month sales up 10 percent y-o-y to RON 480 mln

Wednesday, October 15, 2014

Romanian electronics retailer Flanco Retail registered sales of RON 480 million in January-September 2014, up 10 percent on the year.“Our stake in 2014 was to deliver a greater volume of sales in healthy conditions: profitability and operational efficiency. On a price-sensitive market promotions and discount can lead to a short-term increase in market share but they also lead to a long-term consumer behavior which damages healthy development”, said Dragos Sirbu, ...

Margineni, a good example of a project funded by EU funds of the National Local Development Programme

Wednesday, October 15, 2014

 Prime Minister Victor Ponta said at Margineni, the eastern Bacau county on Monday that the project on the public lighting by using sun energy to be implemented in the rural town is a first for Romania that 'can stimulate the development of an area of using the non-conventionally made electric ...

Firms controlling Bucuresti Mall and Plaza Romania to merge

Wednesday, October 15, 2014

  Two firms that are part of Turkish group Anchor and own shopping centers Bucuresti Mall and Plaza Romania will merge. The two companies have combined assets of over EUR 200 million.“As a result of the merger’s approval/registration, Plaza Mall Development and Management, under its status of absorbed society, is dissolved without liquidation and will ease to exist, while Bucuresti Mall Development and Management will take over ...

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