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Minister Vosganian: Eight investors interested in Cupru Min, out of which four are top companies
Wednesday, June 19, 2013
A number of eight letters of intent were filed for the privatisation procedure of Cupru Min SA, half of the bidders being companies ranked among the top ten companies worldwide, Economy Minister Varujan Vosganian told a specialist conference on Tuesday.'Eight letters of intent were filed for Cupru Min, half of the bidders being companies ranked in the top ten companies worldwide. Unfortunately, a processing area cannot be planned unless the copper ...
11 Romanian companies in airplane industry attend 'Le Bourget' Paris Air Show
Wednesday, June 19, 2013
A number of 11 Romanian companies in the airplane industry area attend the 50th jubilee edition of 'Le Bourget' Paris Air Show, which had its official opening on June 17, 2013, according to an Economy Ministry release sent on Tuesday.'Romania is present for the fifth time in a row in 'Le Bourget' Air Show, with a national pavilion with the following exhibitors: Aero Care, Aerofina, Aerospace Services, Aerostar, Alro Slatina, GMT&International, ...
PM Ponta: Keeping close contact with EBRD, CFR's only chance at modernisation
Wednesday, June 19, 2013
The only chance at restructuring and modernisation of Romania's CFR national railway carrier is close cooperation with the European Bank for Reconstruction and Development (EBRD), Prime Minister Victor Ponta said Monday, mentioning that Romania needs EBRD's support and co-funding under the cohesion and structural funds for the restructuring of the Government-run companies and the carrying out of local projects.'The most important ...
ArcelorMittal invests EUR 200 ml in Galati facility, boosts market share by 20 pct
Wednesday, June 19, 2013
ArcelorMittal's 2009-to-date investments in its Galati-based steel mill amount to over 200 million euros, which resulted in a 20 percent rise in its local market share compared to 2010, said Galati plant CEO Bruno Riboi in an interview to Agerpres.According to Ribo, ArcelorMittal Galati operates in a highly competitive international business environment. In such markets, production costs are key to maintaining market share. Given that ...
Women who want to start a business can benefit of an aid of 10,000 euros
Wednesday, June 19, 2013
Women with ideas, who want to start a business, can benefit from the state of an aid in value of 10,000 euros, under the 'Woman Entrepreneur' program, which will debut at the end of June, announced on Friday, in Deva, Minister for SMEs, Business Environment and Tourism Maria Grapini.The program is a first for the business milieu, given that women who can file for funds must submit a business plan that will be evaluated electronically, ...
Romanian-Israeli dialogue on privatisation of Mangalia Military Shipyard
Wednesday, June 19, 2013
Minister of Economy, Varujan Vosganian, on Wednesday discussed with a delegation of Israeli businessmen about the Romanian authorities' intention to put up for privatisation the Mangalia (southeastern Romania, the Black Sea shore) Military Shipyard, according to a release of the Ministry of Economy remitted to Agerpres.According to the abovementioned release, on Wednesday, June 12, 2013, Varujan Vosganian received a delegation ...
Ernst & Young study: Navigating today’s complex business risks
Wednesday, June 19, 2013
Between November and December 2012, Ernst & Young researchers conducted 3,459 interviews with employees in 36 countries, divided into 34 result groups, covering Europe, Middle East, India and ...
Coca-Cola Romania posts first business growth since 2008
Wednesday, June 19, 2013
Coca-Cola Romania recorded its first growth in business since 2008 last year, with turnover up 12 percent, or 6 percent when expressed in euros, to EUR 435 million. Profits were also up, by some 8 percent, to reach EUR 33 million, according to local economic news publication Ziarul Financiar.The profit margin ...
Malin Stefanescu buys stake in CarsCup online game founder
Wednesday, June 19, 2013
Malin Stefanescu, the founder of EEU Software, recently purchased 11.5 percent stake in online gaming company Green Horse Games, which developed the CarsCup online game. The value of the investment was not revealed. However, the money will be used to further improve the CarsCop concept and for developing future online games. Last year, George Lemnaru – founder of Green Horse Games – presented his CarsCup project at Venture Connect, an event addressing projects in ...
Promenada Mall in Focsani enters insolvency
Wednesday, June 19, 2013
Romania's Bucharest Court has approved the request to enter insolvency filed by Belgian developer Belrom through the Bel Rom Sapte company, for its Promenada Mall in Focsani, eastern Romania.Bel Rom Sapte’s own insolvency request comes after several other companies have filed similar requests. ...
Americans from Lufkin ready to open 130 million euro factory in Prahova county
Wednesday, June 12, 2013
The American company Lufkin Industries, one of the most important manufacturers of oil equipment will inaugurate by mid June, a factory in Aricestii Rahtivani, Prahova county, an investment of 130 million euro. About 300 employees will work in the factory manufacturing mainly oil equipment. The American supplier of equipment and services for the oil and gas industry began the construction of the ...
Romanian Railroad Group gets 54 million euro credit line from Eximbank
Wednesday, June 12, 2013
The Romanian Railroad Group (GFR), a member of Grampet Group received a 54 million euro credit line from Eximbank, funds to be used for investments made by the company for privatizations in which it is involved in Bulgaria and Croatia, a press release reads. GFR is on the short list of investors interested in privatizing the goods ...
German Group Daimler to inaugurate investment project in Sebes on July 29
Wednesday, June 12, 2013
German multinational automotive corporation Daimler is going to inaugurate an investment project in Sebes (Alba County, central Romania) on July 29, Minister Delegate for Infrastructure Projects of National Interest and Foreign Investments, Dan Sova, who payed a visit to Germany on Monday and Tuesday, alongside Prime Minister Victor Ponta, made the announcement.Daimler plans to have 300 employees in the first stage of its investment, with the ...
Victor Ponta: Another German company will invest in Romania
Wednesday, June 12, 2013
Prime Minister Victor Ponta, during his visit to Germany, on Monday evening announced that another German company is going to invest a large sum of money in Romania in this year's autumn at the latest.The head of the Romanian government had a meeting on Monday at the Deutsche Bank, the most important German bank, with a large number of German investors whom he invited to bring their money in Romania, while saying that the government in Bucharest will ...
ManpowerGroup research : Labor market in Romania expected to move at a slightly slower pace
Wednesday, June 12, 2013
North-West region and Manufacturing employers report the strongest Outlooks for Q3/2013: Manpower Employment OutlookSurvey Optimism among Romanian employers remains resilient in the face of continuing uncertainty through much of the Eurozone. In accordance with the ...
Foreign Minister Corlatean invites Egyptian investments to Romania
Wednesday, June 12, 2013
During a meeting with representatives of the Egyptian business environment and Romanian-Egyptian associations, Foreign Minister Titus Corlatean encouraged Egyptian companies to invest in Romania.The Romanian top diplomat, currently on an official visit to the Arab Republic of Egypt, made a brief presentation on the recent developments in Romania and of the opportunities offered by the domestic economic, financial and investment ...
Bosch Concern to open 3rd production unit in Blaj
Wednesday, June 12, 2013
Bosch Concern that owns two factories in Blaj (Alba County) will open its 3rd production unit in this town, on Saturday June 8. The investment supplies 320 new jobs for a start, and the number of employees is planned to go up to almost one thousand by 2017.Bosch Concern the world top auto technology supplier holds two other Bosch Rexroth factories in Blaj, built in 2007 and 2009 respectively, the investments here amounting to 30 million ...
Potential investors in Cupru Min could receive part of production, in exchange
Wednesday, June 12, 2013
Economy Minister Varujan Vosganian said on Wednesday that he had done an experiment at Baita, which he wants to apply also at Cupru Min, consisting in signing a contract with a company that offers money in exchange for a part of the production.'We have done a little experiment at Baita [an ore extraction and processing company] in Bihor County (west). The experiment is the following: in April we signed a contract with two companies, ...
Cugir Weapon factory reaches agreement allowing double capacity and 300 more employees
Wednesday, June 12, 2013
Cugir Armament Factory (Alba County- central) reached an agreement on supplying weapons to a NATO member country, which allows it to double its production capacity and to hire 300 more employees, Economy Minister Varujan Vosganian announced o[n Wednesday June 5. 'The Cugir Armament Factory numbers over 600 employees and it has recently concluded an agreement which makes it double production (Cugir puts out light weapons),' Minister ...
An analysis of INS about where, who and what new companies are set up in Romania
Wednesday, June 12, 2013
At the beginning of last year in Romania there were recorded and were still active, approximately 140,083 new entreprises excluding agricultural ones, an analysis made by the National Institute of Statistics (INS) informs. Three quarters are companies with headquarters at the residence of the manager, and Moldova seems to be avoided. The capital city is favoured but a look over the official figures is not optimistic. There is ...