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Highest global risks for Romanian businessmen

Wednesday, January 28, 2015

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Romanian businessmen consider that the most important global risks are fiscal crises in key economies, cash crises and the major failure of financial systems, according to the Global Risks report made by Marsh.   Other global risks identified by businessmen in Romania are political and social instability, neglecting infrastructure and interstate conflicts with regional consequences.“These risks are some of the most ...

By 30.05 per cent less companies entered insolvency last year

Wednesday, January 28, 2015

The number of companies having entered insolvency last year dropped by 30.05 per cent, down to 20,696 companies, compared with 2013, according to data centralised by the National Trade Register Office ...

 Frigoexpres Oradea’s overseas contracts up 10%

Wednesday, January 28, 2015

According to Florian Mihu?, general manager and shareholder of the freight carrier Frigoexpres Oradea, which had been declared insolvent in the summer of 2013, new contracts have been signed in Germany, France and Switzerland which will increase the company's business by 10% this year.   "Last year, the firm made 43.2 million lei (about 10 million EUR) in turnover with 174 employees," said Mihu?, stating that this year 30 ...

CNAB estimates it will end 2015 with a gross profit of 52.728 million lei

Wednesday, January 28, 2015

 The Bucharest Airports National Company (CNAB) estimates it will end 2015 with a gross profit of 52.728 million lei, up by 60.41% compared to that estimated in 2014, of 32.87 million lei, according to the draft Government Decision on the approval of the CNAB's 2015 budget of revenues and expenditures. The accounting profit of ...

PwC survey : 44 percent of the Romanian CEOs say they are very optimistic

Wednesday, January 28, 2015

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 More than half the Romanian CEOs (54 percent) say they are very confident in their business growth prospects in the next three years, as compared to a global average of 49 percent, show the results of PwC Global CEO Survey 2015 made public during the World Economic Forum in Davos, Switzerland on ...

Lars Wiechen joins Deloitte Romania as partner

Wednesday, January 28, 2015

Lars Wiechen has joined Deloitte Romania as a Partner in Financial Advisory Services. From this position, Lars is primarily responsible for leading the Valuation and Modelling service line in Romania. "I am confident that Lars will be a strong addition to our Romanian leadership", said Ahmed Hassan, Country Managing Partner Deloitte Romania. "In the current business environment leading businesses acknowledge the necessity for transparent and reliable ...

National Company Constanta Maritime Ports Administration estimates an accounting profit of 39.841 million lei for 2015

Wednesday, January 28, 2015

The National Company Constanta Maritime Ports Administration has estimated for this year an accounting profit of 39.841 million lei, higher compared to that estimated in 2014, of 31.024 million lei, with total revenues having been set at 306.155 million lei, and expenditures at 257.100 million lei, according to the draft Government Decision on ...

M&A worth recorded 1.2 billion euros in 2014

Wednesday, January 28, 2015

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The market in Romania recorded mergers and acquisitions worth some 1.2 billion euros in 2014, a level similar to that in 2013, according to a PwC Romania analysis released on Monday.The total value of Romania's mergers and ...

RAR estimates a 2015 gross profit of 67.788 million lei

Wednesday, January 28, 2015

The 'Romanian Auto Registry' Public Corporation has forecast a 2015 gross profit of 67.788 million lei for, with estimated total revenues of 293.092 million lei and total expenditures of 225.304 million lei, according to its draft budget of revenues and expenditures, made public by the Ministry of Transport. The accounting profit to ...

JLL appoints business development director

Wednesday, January 28, 2015

Viorel Opait has been appointed business development director with the local office of real estate services firm JLL. He will be focusing mostly on the office and industrial segments.   Opait graduated from the Bucharest University of Economic Studies (ASE Bucharest) and has over 10 years of professional experience in the real estate industry. During his career he has been involved in ...

Endava opens new development center in Pitesti

Wednesday, January 28, 2015

IT company Endava has opened its fourth development center in Romania where it plans to bring onboard more than 100 IT specialists over the next three years.The new headquarters spans on two floors, covering a total space of 600 sqm, being located in the center of the city, in a modern office building close to a commercial centers.   The company chose to open a new headquarters in Pitesti ...

Two telecom companies fined by the Competition Council

Wednesday, January 28, 2015

The Competition Council has fined telecom companies Avenir Telecom and Euronet Services for failure to respect the commitments they assumed following an investigation they had been subjected to, according to a press release of the institution, quoted by Mediafax.   The penalty summed up approximately EUR  156,340. “It is for the first time when we ...

Survey: Romania - the last place in the EU28 in terms of density of active SMEs

Wednesday, January 21, 2015

The added value of the Small and Medium-Sized Enterprises /SMEs/ in the European Union /EU/ will increase, in 2015, by over 3%, which will lead to creating more than 600,000 jobs , with Romania's growth rate being estimated at 7.8%, according to survey conducted by the Post-Privatization Foundation /FPP/ and made public on Monday. 'In the European landscape, the role of the SMEs in Romania is a minor one, if we consider the last place in the EU28 in terms of density of ...

Profi and Mega Image are interested in taking over Romania's Succes store

Wednesday, January 21, 2015

Local retailer Succes, owned by the businessman Nicolae Sarcina, recently filed for insolvency. The company which posted a EUR 350 million turnover in 2013 and has 1,600 employees, will receive the court decision on its insolvency request on January 27, reports ...

Alina Necula is the new head of marketing of Immofinanz Romania

Wednesday, January 21, 2015

Alina Necula has been appointed head of marketing of Immofinanz Group’s local branch, the ...

Advanced technology to modernize water metering system at Romania's largest water utility

Wednesday, January 21, 2015

   Itron, Inc. (NASDAQ: ITRI), a technology and services company, announced that Apa Nova Bucure?ti (ANB), the largest water utility in Romania, has selected the company's services to help modernize its water ...

Lenovo Romania reaches 160 employees after absorbing IBM’s local server division

Wednesday, January 21, 2015

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  The local subsidiary of Chinese PC maker Lenovo has completed the takeover of the x86 servers division and the transfer of teams from IBM Romania, raising Lenovo Romania’s staff numbers to 160 from just 12, said Aurel Netin, head of Lenovo Romania. “We’ve finalized the integration of IBM’s x86 server division and now Lemovo has a larger team. We are ready for our grand entrance on the server segment. (…) We’re setting our sights on ...

KAUFLAND APPOINTS NEW CEO IN GERMANY

Wednesday, January 21, 2015

Kaufland in Germany has received support from Romania to improve its performance with Kaufland Romania's CEO Adrian Viman and CFO Patricia Dragan taking on new positions in Germany. Adrian Viman as new CEO Adrian Viman will lead Kaufland network operations in Germany from March 2015, while Patricia Dragan has been appointed member of the management of HR for the entire German group. Kaufland Romania has appointed a new CEO to replace Viman, Marco Hossl who was previously ...

The privatisation of Oltchim still represents a solution

Wednesday, January 21, 2015

 The privatisation of the chemical plant Oltchim still represents a solution, but this has to take a back seat to re-organizing the company before the sale, Minister of Economy, Commerce and Tourism Mihai Tudose said in a Thursday's meeting with a delegation of Oltchim employees, led by Cristian Cornescu, president of the Victoria Union, and Dumitru Marin, president of Unirea Union. According to a press release from the Ministry of Economy, Commerce and Tourism /MECT/, ...

The court prolongs arrest for people involved in MediaPro and Mediafax files

Wednesday, January 21, 2015

The persons withheld in the MediaPro and Mediafax files in December, under money laundry and fiscal evasion charges, will continue to remain under arrest for another month, after the measure was prolonged by the court, according to Paginademedia,ro. In the MediaPro file, 11 people charged with fiscal evasion and money laundering were taken into custody in December for a total period of thirty days. The persons ...

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