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Cosmetic Plant: Two-thirds of business is generated by skin care products

Wednesday, July 23, 2014

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  Romanians aremore and more interested in skin careproducts, which is why CosmeticPlant,oneof the best knownlocal producersof ...

Strauss Coffee, second on the soluble coffee market in Romania, after taking over Amigo

Wednesday, July 23, 2014

Strauss Coffee, the producer of Doncafe is second on the market of soluble coffee in Romania, after Nestle, once they took over for 20 million dollars the coffee brand Amigo, from the Brasilian company Cia Iguacu de Café Soluvel.   ‘The most important ...

Perfect Tour, business on the rise by 23%. Investments in Travel Boutique

Wednesday, July 23, 2014

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  Perfect Tour travel agency registered a 23% business increase in the first 6 months, compared to the same period of 2013. At the same time the company announces an investment of over 1 million euro in a new concept of travel agents called Travel Boutique.   According to the company ...

EY Romania appoints new partner

Wednesday, July 23, 2014

Valeriu Binig has joined EY Romania as a partner in the advisory services practice where he will be focusing on the energy industry, the company announced today. In this capacity he will be responsible for expanding the firm’s market share, client portfolio and range of ...

Alten Romania opens a new office in Timisoara

Wednesday, July 23, 2014

French group Alten expands its footprint on the Romanian technical consultancy suppliers’ market by opening a new office in Timisoara. The consultancy opened its first office in Bucharest in 2006. The Timisoara office will be managed by Florentina Barbulescu (in picture). Her responsibility is to develop the branch, and create teams of technical specialists ready to provide consultancy services to local companies ...

Romanian companies in search of business opportunities on Hungarian market

Wednesday, July 23, 2014

Several representatives of companies that wish to extend their partnerships to the Hungarian market have participated, between July 14-15, in an economic mission organized in Hungary by the Chamber of Commerce and Industry of the City of Bucharest (CCIB), according to a CCIB release .The delegation led by CCIB chairman Sorin Dumitriu was composed of representatives of companies in the energy industry, the extractive industry, furniture production, industrial and ...

Transport Minister asks TAROM to quickly improve balance

Wednesday, July 23, 2014

Minister of Transport Ioan Rus asked the managers of Romanian airline TAROM to come with a plan of immediate steps towards the improvement of the company's balance, given the fact that it operates among strong competition, a ministry's release informed on Tuesday.Rus paid a working visit to TAROM and to the Air Traffic Services Administration Romatsa and met the representatives of the private management and of the trade unions on Tuesday, in an effort to pinpoint ...

Debenhams could return to Romania

Wednesday, July 16, 2014

A Debenhams store could be opened in the Bucuresti Mall in the capital, about a year after local businessman Octavian Radu gave up on the franchise. The retailer is presently negotiating to lease space in the mall, according to the same source. Radu, who before the crisis owned several retail franchises through Rafar, the fashion franchise division of ...

Farmec opens first brand store abroad in Thessaloniki

Wednesday, July 16, 2014

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Farmec Cluj-Napoca Romanian cosmetics producer opens its first brand store abroad in Thessaloniki, Greece, the company informs.'The Farmec products are appreciated among Greek consumers and Thessaloniki is the second largest city of Greece, an important university centre and former European Capital of Culture in 2007. These are valuable arguments determining us to believe that Thessaloniki is very suitable for hosting the first exclusive Farmec product store of ...

Last documents regarding finalization of Automobile Craiova (Ford Romania) privatization process signed

Wednesday, July 16, 2014

President of the the State Assets Administration Authority (AAAS) Nicolae Minea and representatives of the Ford company have signed at the AAAS headquarters the last documents regarding the finalization of Automobile Craiova's (currently named Ford Romania) privatization process.According to a release of AAAS, the mechanisms of the process instituted through the privatization contracts, the later additional documents regarding the process and the specific ...

State Assets Authority forecasts 194 million lei income in 2014

Wednesday, July 16, 2014

The State Assets Administration Authority (AAAS) forecasts incomes amounting to 195 million lei in 2014, according to its 2014 budget published in the Official Gazette. (1 euro=4.4 lei)Most of the revenues should come from the privatization and administration of state-owned assets - 154.973 million lei; the realization of state assets should contribute 39.027 million lei.AAAS budget includes expenditures of 194 million lei, mostly for payments of ...

TAROM cuts losses by 44 percent in 2013, to 130 million lei

Wednesday, July 16, 2014

The Romanian airline TAROM cut its losses by 44 percent in 2013, on a 2012 basis; the losses were 100 million below the previous year level, and 30 percent (56 million lei) below the approved budget for 2013. The net balance of TAROM in 2013 was 130.168 million lei, down from 230.618 million lei in 2012.A company release on Monday states a 2013 balance 9 percent above the estimate of the management plan estimate, which was 143 million lei in the red. ...

Over 2,050 foreign-owned companies registered in four months of 2014

Wednesday, July 16, 2014

As many as 2,053 foreign-owned commercial companies were registered in Romanian in the first four months of 2014, with the underwritten capital totalling 3.339 billion lei (742.136 million euros), show figures centralized by the National Institute for Statistics released on Monday.Since 1991 till this April 30 there have been 194,469 foreign-owned firms registered in Romania, with underwritten share capital totalling 132.824 billion lei (38.434 billion ...

Auction for 28.66 million lei overhaul of Brasov Airport

Wednesday, July 16, 2014

The authorities of Brasov County (central Romania) have posted on the Public Purchase Electronic System (SEAP) an open auction for works at the Brasov-Ghimbav International Airport, of an estimate value of 28.66 million lei, VAT not included.(1 Romanian leu = 4.42 euros approximately, at current quotations)Ten percent of the amount or roughly 2.5 million lei are 'other and unforeseen expenses?; the bidders must include this percent in their ...

Ambassador: French investors trust Romania, youth training an issue

Wednesday, July 16, 2014

French investors trust Romania, but face the issue of the professional training of youth, French ambassador Francois Saint-Paul declared on Friday in Sibiu (central Romania). 'French investors have a major role. They are roughly 8-9 percent of all the investors, not taking into account the investments through other channels, such as Dutch companies. The share of French investments in Romania has increased before the crisis and after it, which means French ...

Beginner entrepreneurs, to benefit from same facilities, regardless of age, starting Friday

Wednesday, July 16, 2014

All beginner entrepreneurs, regardless of age, who want to conduct an economic activity through a small enterprise starting July 11, 2014, will benefit from the same facilities for joining the programmes of the Department for Small and Medium-Sized Enterprises, Business Environment and Tourism, the institution informs.Law no 97/2014 on the amendment and completion of Government Emergency Ordinance No 6/2011 for stimulating the establishment and development of ...

Coface Romania expands in Timisoara

Wednesday, July 16, 2014

Credit insurer Coface has opened a new office in Timisoara in a bid to tap into the high business potential in western Romania. Coface said it has identified a segment of 1,500 companies as business potential for its credit risk management services in this region. An analysis by Coface shows that there are around 68,000 active companies with registered offices in this region, out of which 1,800 generate over 80 ...

Romania awards network licence

Wednesday, July 16, 2014

  Romania’s Ministry of Information Society (MCSI) has awarded Romtelecom and Cosmote a licence to build a telecom network in more disadvantaged parts of the country. The contract to construct what is known as ‘RO-NET’ is worth RON365.8 million (€83.1 million) including VAT,Mediafax reports ...

EcoMin Nita: Daewoo-Mangalia Naval Yards must become most important in Europe

Wednesday, July 16, 2014

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Minister of Economy Constantin Nita wants the Daewoo-Mangalia Heavy Industries Naval Yards to become the most important on the Black Sea and in Europe, according to a release of the Ministry of Economy.'Even if we are minority shareholders, we have a duty to help the company become the most powerful naval construction company on the Black Sea and in Europe', said Constantin Nita, during a visit conducted on Thursday to the Daewoo-Mangalia Heavy Industries Naval ...

Cosmote Romania launches mobile marketing app

Wednesday, July 16, 2014

Cosmote Romania partnered with Wallet Buzz and announced Buzz powered by Cosmote, a mobile marketing application that brings commercial offers directly on the mobile phone. Wallet Buzz powered by Cosmote is a new way for Cosmote residential customers, prepaid and post-paid, to find great deals among a wide range of commercial offers organised in seven different categories, namely ...

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