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IFC Supports Sustainable Food Production with Loan to Smithfield Romania

Wednesday, July 1, 2015

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 IFC, a member of the World Bank Group, will lend US$60 million to Smithfield Romania, one of the leading pork producers and processor, to support the company’s plans to expand its farms and processing facilities in Romania. The investment will promote employment in the agribusiness sector and the spread of environmental, food safety, and animal husbandry best practices in Romania. Smithfield Romania, which adheres to U.S. and E.U. standards ...

Robert Redeleanu is UPC Romania’s new general director

Wednesday, July 1, 2015

Starting July 1, UPC Romania will have Robert Redeleanu as the new general director, announces a company press release. He has been chief marketing officer for UPC since 2013, being in charge of the marketing, sales and client service departments. The change comes as Severina Pascu, the UPC’s general director until now, has moved on to Liberty Global’s Central and Eastern Europe (CEE) region management. According to ...

Terapia Cluj leads the local pharmaceutical market in 2014

Wednesday, July 1, 2015

 Terapia based in Cluj kept leading the local pharmaceutical market in 2014, according to the rankings drawn up by RisCo.ro including the activity of the top-10 local companies dealing in the production of basic pharmaceutical products and ...

Launch of the White Paper of the SMEs in Romania - the 2014 Edition

Wednesday, July 1, 2015

The chairman of the National Council for the Private Small and Medium-Sized Enterprises in Romania says the value-added tax (VAT) should be cut to 19 percent from 24 percent, since this move would speed up investment and implicitly improve the business ...

CEZ Romania Group recorded 2014 losses of 871.685 million lei

Wednesday, July 1, 2015

CEZ Romania Group recorded 2014 losses of 871.685 million lei, compared to a net profit of 220 million lei in 2013, Karel Kral, the company's Chief Financial Officer, said on on ...

4,758 firms declared insolvency in the first five months of 2015

Wednesday, July 1, 2015

The number of the Romanian firms having declared insolvency in the first five months of this year plunged by 56.86 percent as compared to the same period in 2014, down to 4,758 units, according to figures released by the National Trade Registry Office on ...

Processing industry, construction, trade and services managers anticipate growths in their sectors

Wednesday, July 1, 2015

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The managers in the processing industry, construction, retail trade and services anticipate growths in their respective activities over June-August, the National Institute for Statistics announced on Monday. According to the short-term inquiry for this June, the managers in the processing industry anticipate moderate increase in the production volume (+7pct short-term balance) in the next three months. There will be a growing trend for some activities, ...

Japan's Panasonic taps into Romanian market of electrical products

Wednesday, July 1, 2015

According to an estimation by Kazuhito Takahashi, member of the Panasonic and Panasonic Eco Solutions Board, the Romanian market of electrical products amounts to 20 million euros. The Romanian market of electrical products stands at 20 million euros, and the segment of switches and extension cords is worth 10 million euros, Takahashi told a press conference ...

H&M sales in Romania up by 50 pct in first fiscal semester

Wednesday, July 1, 2015

Sales of Swedish clothing retailer Hennes & Mauritz (H&M) in Romania amounted to SEK 826 million (EUR 89.65 million) for the period December  – May (first financial semester), according to company data. This was up by half compared to the same period last year. Calculated in the national currency the increase was of about 42 percent. In the period March 1 – May 31 (second fiscal quarter), ...

STEP2SUCCESS project - the Promotion of Equal Chances for Women in the Job Market

Wednesday, July 1, 2015

By this October, 1,100 women in Romania can benefit from free training programmes by means of the project called STEP2SUCCESS - the Promotion of Equal Chances for Women in the Job Market implemented by the National Council of the Small and Medium-Sized Private Businesses of Romania in partnership with Market Scope ...

KPMG: More companies aim to drive growth with global assignments

Wednesday, July 1, 2015

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Worldwide, more companies are relying on global mobility assignments to develop business in new locations – with the biggest increases in the Nordic countries, Latin America and the Asia Pacific region. Most participants in a KPMG International survey say their use of international assignees will stay the same or increase over the next five years. This is especially true for European ...

The "BIZ UP Project !" to encourage young people to stay and do business in Romania

Wednesday, July 1, 2015

The "BIZ UP Project !" is aimed at encouraging young people to stay and do business in Romania, as the country presents opportunities that deserve to be capitalised on, Liviu Rogojinaru, Vice-President of the National Council of Private Small- and Medium-Sized Enterprises of Romania (CNIPMMR), said at Thursday's conference for signing the financing agreements necessary to implement ...

Pancake truck owner crowned June Entrepreneur of the Month by US embassy

Wednesday, July 1, 2015

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 Businesswoman Alexandra Lipovan, the owner of a pancake truck in Satu Mare, is the June 2015 Entrepreneur of the Month - a title awarded by the United States Embassy in Bucharest. "The U.S. Embassy applauds Ms. Lipovan for her success with Clatitaria ClaTos. She reminds us all that business opportunities, both big and small, are plentiful in the ...

Entersoft expands operations to the Moldova Republic

Wednesday, July 1, 2015

Entersoft Romania, part of Entersoft company, will expand its operations to the Moldova Republic, following a partnership with the firm Wippo IT from Chisinau. Founded in 2008, Wippo IT is specialized in IT consultancy and services, offering integrated business solutions for customers in the Moldova Republic. “This is the first partnership sealed by Entersoft Romania in the Moldova ...

Share capital of Chinese companies operating in Romania declined 0.17 per cent in the last year

Wednesday, July 1, 2015

The total value of the share capital of Chinese companies operating in Romania declined 0.17 per cent in the last year, to nearly RON 1.034 billion at end-April 2015, according to data with the National Companies Registry Office ...

The total share capital of companies running on Japanese money in Romania dropped 2.5 per cent

Wednesday, June 24, 2015

The total share capital of companies running on Japanese money in Romania dropped 2.5 per cent from April 2014 until the end of the same month this year, down to 694 million lei, shows data released by the National Trade Register Office ...

Romanian business environment lacks ethics

Wednesday, June 24, 2015

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The President of Young Entrepreneurs (PTIR) Vasile Priceputu said on Monday, in Braila, that the Romanian business environment lacks ethics, an aspect that should be ...

Negotiations advance for takeover of Billa Romania by Carrefour

Wednesday, June 24, 2015

For several months, negotiations between Carrefour Romania and Rewe’s supermarket network Billa have been stalling, but according to Ziarul Financiar they are now in an advanced state. During this time, other contenders rumoured to have an interest in the investment, such as Mega Image, have withdrawn from the bidding. The ...

To relaunch the economy , Romania needs at least 0.4pct of GDP to finance the small and medium enterprises (SMEs)

Wednesday, June 24, 2015

The allocation of at least 0.4pct of the Gross Domestic Product (GDP) to finance the small and medium enterprises (SMEs) and the expansion of the guaranteeing and counter guaranteeing services are two of the 12 urgent measures the Romanian authorities should endorse to relaunch the economy and the SMEs sector, National Council for Small and Medium Enterprises of Romania (CNPIMMR) ...

Transport Ministry official: We consider preparing CFR Marfa for privatization

Wednesday, June 24, 2015

The Transport Ministry is considering the preparation of the rail freight operator CFR Marfa for privatization, after it went through an extensive restructuring process in 2014, State Secretary Iulian Matache of the Transport Ministry told a Thursday's conference organized by the Association of European Rail Industry - UNIFE. He said the company was considering this year the upgrading of seven locomotives and 40 freight cars and repairing 2,500 freight ...

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