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Clothing factories of Botosani work for world\\\'s top fashion houses

Wednesday, April 23, 2014

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The clothing factories of Botosani County (northeastern Romania) have dressed top world personalities; they currently work for the greatest fashion houses in Europe and the United States, supplying luxury garments for haute couture brands like Armani, Ralph Lauren, Prada, Zara, Zenia, Margiela, Massimo Dutti, Vivienne Westwood, Versace or Hugo Boss.VIPs like Barack Obama, Vladimir Putin, Dmitri Medvedev or members of the British royal family wore clothes sewn ...

GEFCO Romania\'s turnover grows to nearly 48 M euros in 2013

Wednesday, April 23, 2014

GEFCO Romania transport and services logistics group, subsidiary of the GEFCO Group, posted a turnover of nearly 48 million euros in 2013, up over 12 percent compared to 2012, the company informs.The development of the Romania-based branch is also visible as regards the increase of the turnover achieved with the out-of-group clients (not part of the GEFCO network), up about 15 percent compared to 2012.'The main investment in 2013 of the group was in the IT ...

FAN Courier reports more than 62.3 M euros in 2013 turnover

Wednesday, April 23, 2014

FAN Courier ended 2013 with more than 280 million lei (62.3 million euros) in turnover, up 16 percent from the prior year and reported profit accounting for 11 percent of its turnover, the company Development Manager Adrian Mihai has announced.According to Felix Patrascanu, FAN Courier CEO, the company exceeded the budget it had set at the beginning of the year for investments, as it attained 6 million euros. The company is thus consolidating its domestic courier market leader's ...

6,800 companies entered insolvency in Q1, by 10 per cent less than in 2013

Wednesday, April 23, 2014

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The number of companies that entered insolvency dropped by 9.75 per cent, down to 6,800 companies, in the first quarter of 2014, compared with the same interval last year, according to data centralized by the National Trade Register Office.The ONRC recorded 29,295 individuals and legal persons nationwide in the first three months of 2013, compared with 30,035 in the same interval last year.In January-March 2014, most companies were recorded in Bucharest - 4,810, Cluj - ...

Over 50 companies establish Romanian Exporters\' Association

Wednesday, April 23, 2014

Over 50 companies established the Romanian Exporters' Association (AREX), which supports and represents the interests of Romanian companies conducting international trade transactions, according to a release of the newly established Association.The AREX establishment project was initiated at the end of last year and was supported in a first stage by over 50 companies which chose to be founding members: AAGES, Adrem Invest, Alro Slatina, Asam, Astra ...

Bosch Cluj factory to open on May 9

Wednesday, April 23, 2014

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A Bosch factory in the central Romanian county of Cluj will open on May 9. It is already the recipient of an \'Automotive Electronics Speed Award\' for the record time in which it was built, according to a press release of the group.The Bosch team that took part in the construction of the Cluj factory was made up of employees from Romania (Bucharest and Cluj), Germany ( the Bosch factory at Ansbach), France (the Bosch production facility at Mondville) and Hungary (the Bosch ...

A former manager with Graffiti/BBDO, Prima TV, IRS and Protan named at the leadership of CFR Marfa

Wednesday, April 16, 2014

  CFR Marfa has a new general manager, Dan Valentin Belcea, former manager with Graffiti/BBDO advertisement company, the Prima TV and the International Railway Systems (IRS) and Protan with activities in the railway domain, and waste management respectively.   Belcea is a graduate of the Pennsylvania- Philadelphia University PA ...

Offers for the privatisation of the Posta Romana could come between June- August 2014

Wednesday, April 16, 2014

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The process of privatisation of the Posta Romania will be resumed immediately after the agreement from the European Commission on the conversion in shares of the debt of over 242.5 million lei ( approximately 56 million euro) which Posta Romana has to the state budget, which is expected immediately after Easter, and the preliminary offers could be presented in the period June – August 2014, Razvan Cotovelea , the miniter for Information ...

Black Sea SMEs encouraged to set up clusters to boost competitiveness

Wednesday, April 16, 2014

The set-up of clusters is one of the best opportunities for the small and medium-sized enterprises (SMEs) to become competitive with the big corporations - such is the message sent by several of the participants in an international conference on the Cooperation between Clusters for Information and Communication Technologies (ICT) for the Black Sea Development, Competitiveness and Prosperity having opened debates in the Bulgarian capital on ...

Prime Minister Victor Ponta met Tenaris group CEO, at Victoria Palace

Wednesday, April 16, 2014

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Prime Minister Victor Ponta on Thursday, at the Victoria Palace, received Tenaris Group CEO Paolo Roca. During the meeting, the two approached topics related to the stage of the projects for the development of the activity at the production units of Zalau (north-western Romania), and Calarasi (southern Romania), as well as to the funding by the Italian investor of a local development programme of technical education for the youth of the counties where the company operates, ...

ME: Companies in Romania must be more active in exports and promote common platform

Wednesday, April 16, 2014

The companies of Romania must be more active in exports and this can only be done through a good cooperation between the employers' associations in the constructions sector, through a common platform, Director with the Economy Ministry Costin Lianu said on Thursday, at the opening of Construct Expo international exhibition.'The exhibitions organised by Romexpo are, from Romania's exports viewpoint, a very good sectoral branding for the constructions area. ...

De minimis scheme, part of gov't funding of up to 0.4 pct of GDP

Wednesday, April 16, 2014

The Government will allot 0.4 percent of Romania's GDP to the small and medium-sized enterprises (SMEs), with the de minimis scheme being part of this project, Minister-delegate for SMEs, Business Milieu and Tourism, Florin Jianu said on Tuesday. The first 33 companies that have accessed funding through the de minimis scheme signed the funding agreements on Tuesday, in the presence of Prime Minister Victor Ponta and Minister Florin Jianu.The ...

The Sadu Arsenal, one of Romania's leading defence corporations

Wednesday, April 16, 2014

Uzina Mecanica Sadu (U.M. Sadu), the Sadu weapons making corporation, one of Romania's leading defence corporations, was established 75 years ago under a royal decree signed after insistent demarches by then Prime Minister Gheorghe Tatarescu, the document sent by Agerpres informs. Decades later, it reached its business apogee and also had to put up with troubles while making and delivering weapons and ammunitions for the US troops deployed in Afghanistan and Iraq. ...

EUR 75,000 Investment in plotareonline.ro, the first online printing service

Wednesday, April 9, 2014

*The plotting leader on the Romanian extends at national level using an online platform   Eurocom, a company with an experience of over 20 years in the field of digital printing and a turnover in 2013 of approximately EUR 4.5 million, invested about EUR 75,000 in ...

Reuters: Cement makers Lafarge, Holcim agree merger plan

Wednesday, April 9, 2014

The world's two largest cement makers, France's Lafarge and Holcim of Switzerland, have agreed the terms of a merger that would create a company with a market value of around $55 billion, a source close to the deal said on Sunday. Such a merger, achieved by Holcim buying Lafarge, would be the industry's biggest-ever tie-up and create an entity with combined sales of over ...

Corlatean: We want to encourage presence of Romanian companies in Mauritania

Wednesday, April 9, 2014

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Romanian Foreign Affairs Minister Titus Corlatean after the talks with his counterpart of the Republic of Mauritania Ahmed Ould Teguedi on Monday said that Romania wanted to encourage the development of bilateral relations with this country, with a more consistent economic component.He pointed out that before 1989 there had been very good relations and a significant level ...

Over 3,600 companies suspend operation in first two months of 2014

Wednesday, April 9, 2014

The total number of companies which suspended their operation decreased in the first two months of this year by 25.8% compared to the same period of 2013, from 4,860 companies to 3,606 ones, according to the data centralized by the National Office of Trade Registry. The largest number of companies that suspended their operation was recorded in Bucharest - 425, and in the ...

Orange Romania announces LTE offer 

Wednesday, April 9, 2014

Orange Romania launched its LTE network in over 1,000 localities across the country and released an offer aimed at customers who are living in areas covered by LTE. The operator launched new add-ons with supplementary data traffic and increased average speeds to up to 60 Mbps. With a subscription for a 'Pantera' tariff plan, for instance, customers have access to LTE internet at average speeds of 30 Mbps and can use included traffic across the country on a second device, ...

Endava continues strategic expansion and opens a sales and consultancy office in Atlanta, USA

Wednesday, April 9, 2014

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Endava, one of the leading IT service companies in the region, opened a new sales and consultancy office in Atlanta, USA, the press release sent to ACTMedia informs. This is part of Endava’s global expansion strategy, which focuses on strengthening its presence in Eastern Europe through development and support centres in Romania, Moldova and ...

PM Ponta, Germany's Ambassador inaugurate building site for new Daimler plant in Sebes

Wednesday, April 9, 2014

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Prime Minister Victor Ponta on Friday in Sebes (north-west of Bucharest) attended the opening ceremony for the construction works on a new production unit making Star Assembly auto components, an event that marks the beginning of a new phase of an investment worth more than 300 million euros carried out in Romania by the Daimler company, with the project to generate over 500 jobs. During the ceremony, Victor Ponta, Germany's Ambassador ...

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