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AFI Cotroceni sales 10% higher than last year

Wednesday, July 30, 2014


Retailers’ sales from the commercial center AFI Palace Cotroceni, less Auchan hypermarket, grew by 10% in the first 6 months. End of the year estimates made by AFI Europe, the owner of the mall show a 5% advance to 215 million euro.   “Auchan hypermarket has brought us a sale minus of 500,000 euro, after the change of the owner. ...

Agricola Bacau constantly adapts, through innovation, competitive markets

Wednesday, July 30, 2014

Agricola Bacau is currently one of the largest poultry producers of Romania, holding a 15 per cent market share and being the main exporter in this food product category. It is also a leader with a 19 per cent share on the market of half-cooked and ready-meal products and the Sibiu salami produced by the Bacau-based company is on the first place in the segment in question, with a 54 per cent market share in volume and sales.Agricola is the 'fortress' of Romanian ...

Siemens Romania takes over software developer in Brasov

Wednesday, July 30, 2014

Siemens Romania finished the complete takeover of LMS Romania SRL Brasov, local software developer, which will from now on operate under the name Siemens Industry Software SRL. The deal was part of the transaction where Siemens AG took over LMS International (Belgium) at the end of 2012. Prior to the transactions, LMS Romania was controlled by LMS International. “Siemens Industry Software strengthens Siemens’ ...

Orange Romania revenues stagnate in H1 at EUR 448 mln

Wednesday, July 30, 2014

Orange Romania revenues stagnated in the first half of the year at EUR 448.3 million and increased 4.5 percent excluding the impact of termination rate cuts. In the first semester of 2013, Orange Romania posted revenues of EUR 449 million. On June 30 3014, Orange had 10.384.000 clients in Romania, up 184,000 compared to June 30, 2013 and down 10,000 clients month on month. In the second quarter of 2014, mobile traffic ...

Romania's M&A market to grow in coming 18 months, due to transnational transactions (EY)

Wednesday, July 30, 2014


The volume of transactions on the market for mergers and acquisitions /M&A/ in Romania will see a positive trend in the coming 12 to 18 months, especially due to some forecast transnational transactions, such as the sale of some Lafarge-Holcim assets or the sale of Enel distribution and supply companies, shows an analysis made by the EY company. According to the data released on Tuesday by EY, in H1 2014, the market for M&A in Romania reacted positively to ...

Invest Nikarom resumes Braila Rolling Mill production in Aug.

Wednesday, July 30, 2014

The Rolling Mill based in Braila (eastern Romania) will resume production from Aug. 4, after the company had been conserved and no longer operated since Dec. 2012, when it was managed by Mechel, the current Braila Rolling Mill owner Invest Nikarom announced on Monday.During the conservation, only 20 of the 300 Rolling Mill staff have been retained in order to provide maintenance and security.Invest Nikarom decided to re-start the mill at a capacity in ...

Vodafone Romania loses almost 92,000 clients, in past three months

Wednesday, July 30, 2014


Vodafone Romania lost, from April to June 2014, almost 92,000 clients, with their total number being 8,567,752, down by 1.05% compared to the same period of last year, according to the company's financial results, released on Friday. As to the consumption of mobile data, it increased by 57% in the quarter ended on June 30, compared to the same period a year earlier, whereas the coverage rate of smartphones in the users' base went up by 5.4 percentage points. ...

PM approves establishment of IMC tasked with monitoring and implementing GEO on corporate governance

Wednesday, July 30, 2014

Prime Minister Victor Ponta approved the establishment of the interministerial commission (IMC) for the monitoring and implementing of the provisions of GEO 109/2011 on the corporate governance of state-owned enterprises, according to a Prime Minister Decision released in the Official Journal on Friday.The interministerial commission which will be in charge of monitoring and implementing the provisions of GEO 109/2011, approved on July 24, will be headed by the ...

Head of Holcim Romania: We’re selling our assets at a fair price, not a discount

Wednesday, July 30, 2014

Francois Petry, manager for Holcim Romania, says that assets put on the selling block for his company in light of the upcoming merger with Lafarge have already attracted interest. “As I understand it there are several investors interested in buying the groups assets at an international level – from players on the building materials market to investment funds. There are strong signals that there are several interesting buyers so the sale ...

Romania's Blue Air Eyes Cyprus Airways

Wednesday, July 30, 2014

Romanian low cost air carrier Blue Air plans to take part in the privatization of Cyprus Airways together with investment fund Renaissance Capital, Bucharest based media reported on Thursday. Romanian low cost air carrier Blue Air plans to take part in the privatization of Cyprus Airways together with investment fund Renaissance Capital, Bucharest based media reported on ...

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

Wednesday, July 23, 2014


  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


  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


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 ...

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