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Number of Italian companies operating in Romania has continued to grow over the past year

Wednesday, May 25, 2016

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 Italy's Ambassador Diego Brasioli said last week in Iasi that the number of Italian companies operating in Romania has ...

Most entrepreneurs are former workers: Annually, only 3.5% of the new businesses are set up by former managers

Wednesday, May 25, 2016

Approximately two thirds (62%) of the newly set up businesses in a year are created by former qualified and non-qualified workers, a third (34.5%)are set up by engineers and only 3.5% belong to the former managers, according to the data published by the National Institute for Statistics. ‘We have multiple examples of employees who have their own business; a worker has a boarding house and a shop, a former trade union leader, a technician has a ...

Ford should think about electric cars investment in Romania, suggests PM Ciolos

Wednesday, May 25, 2016

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Romanian PM Dacian Ciolos has invited US car maker Ford to expand its investments in Craiova, suggesting that innovative production facilities could be hosted in the country, business-review.eu informs. “We want the plant in Craiova to be expanded on the manufacturing targets that are agreed with the Romanian state, in the interest of the American producer and that of the local economy. The Romanian state will provide all the support enshrined in ...

German Huf Haus breaks into Romanian market with EUR 700,000 house

Wednesday, May 25, 2016

German manufacturer of high-end prefabricated timber and glass houses Huf Haus will open this September two show houses in northern Bucharest, following an investment of approximately EUR 1 million, the company has announced, quoted by business-review.eu. This is the first step in a plan to sell between six and 10 such houses per year on the local market, say company representatives. The two showhouses are presently being built in northern Bucharest ...

Competition Council in 2015 authorised 37 business concentrations

Wednesday, May 25, 2016

Romania's Competition Council in 2015 authorised 37 business concentrations for authorisation fees of nearly 2.062 million lei (460,000 euros), reads the 2015 activity report of the Competition Council released on ...

Competition Council penalized 202 entities in 2015

Wednesday, May 25, 2016

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The Competition Council penalized 202 entities in 2015, up 3.8 times from 2014, while slapping fines in excess of 239.6 million lei (53.9 million euros), according to the 2015 activity report of the ...

New public procurement legislation, signed into law by president Iohannis

Wednesday, May 25, 2016

Romanian president Klaus Iohannis has signed into law a package of bills which bring major changes to the existing public procurement legislation,business-review.eu reports. Iohannis said the legislation package included the public procurement law, the sectorial procurement law, the law for the award of concession for constructions and services and the law for challenging public procurement contracts in court. “Now we will ...

Orange Romania steps into fixed services territory

Wednesday, May 25, 2016

Orange Romania launched fibre-optic internet services, fixed voice and digital cable television services in the cities of Cluj-Napoca, Iasi and Timisoara, telecompapr.com informs. Coverage will be extended to other urban areas around the country by the end of 2016. The fixed services are offered following a networking sharing deal entered into with Telekom Romania in 2015. The new Orange Home services  'Orange Home Net' fibre internet with ...

Telekom Romania expands LTE coverage

Wednesday, May 25, 2016

Telekom Romania extended coverage for its LTE services to 96 percent of the urban population of Romania, telecompaper.com says. This was possible after the company entered into network sharing deals with Orange Romania in 2015. The extended coverage is available to  and new customers of mobile service subscriptions or MagentaOne offers who have 4G/LTE services included in their price plan. Telekom Romania offers a wide portfolio of mobile ...

Ambassador Klemm: to draw investments,Romania needs to have a fiscal framework, politically and economically predictable and stable

Wednesday, May 25, 2016

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Romania needs to have a fiscal framework, politically and economically stable and predictable to draw investments, stated recently the ambassador of the United States to Bucharest Hans Klemm. ‘To draw attention,Romania must have a fiscal framework politically and economically stable and predictable especially in the way the economy is managed. The governmenthas the responsibility towards the companies, to the investors. When you intend to change ...

Minister Borc: The reputation of Romanian companies suffers from the association with corruption

Wednesday, May 25, 2016

Vice Prime Minister and Minister of Economy, Commerce and Relations with the Business Environment Costin Borc sees the professionalisation of state-owned companies as critical for the private business, too, as the reputation of Romanian companies suffers from the association with corruption, which occurs mostly in public enterprises; it makes skilled individuals choose working in ...

InvestRomania launches web platform for foreign investors

Wednesday, May 25, 2016

InvestRomania on Wednesday launched a web platform for foreign investors interested in Romania in order to provide information about the ecosystem of the Romanian economy and investment opportunities, InvestRomania reports. "We have considered the portal a priority of the InvestRomania team, given that it is our responsibility to provide investors as much information as possible about ...

Norwegian shipping company GC Riebero to perform 3D seismic surveys in the Romanian Black Sea area

Wednesday, May 25, 2016

Norwegian shipping company GC Rieber announced on Wednesday that its subsidiary Dolphin Geophysical has won a contract to perform 3D seismic surveys in the Romanian Black Sea area, informs a press ...

Vocational Schooling Decline Causes Romania Skills Shortage

Wednesday, May 18, 2016

Companies in Romania say they are suffering from a lack of qualified workers because fewer teenagers are attending vocational schools which provide job-specific skills. Only 1.4 per cent of Romanian pupils are currently enrolled in vocational schools, which is not enough to supply the labour market with skilled workers, human resources experts and company representatives have warned, balkaninsight.com ...

ONRC: companies that suspended their activity increased by 42.7 per cent in Q1

Wednesday, May 18, 2016

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The number of companies that suspended their activity increased by 42.7 per cent, that of dissolved ones went up by 92.6 per cent and the number of those in insolvency decreased by 20.11 per cent in the first quarter of this year compared same period of the previous year, according to the National Office of Trade Registry ...

RAFO initiatied the bankruptcy procedure, together with the signing of a contract for the sale of shares

Wednesday, May 18, 2016

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RAFO presented at the Tribunal Bacau the documents for the bankruptcy procedure, at the same time with the signing of a sale contract of shares to an Austrian company was started on Friday only for Agerpres Ion Marian, PR adviser to the company destined for oil refinement in Onesti ‘ The Bacau tribunal will decide with regards to the request of starting bankruptcy’ Ion Marian said. According to him, the majority shareholder Petrochemical ...

Vodafone Romania service revenues up 8% in March quarter

Wednesday, May 18, 2016

Vodafone Romania saw its service revenues increase by 7.7 percent in the fourth fiscal quarter to 31 March, telecompaper.com reports . Its customer base reached 9.120 million customers at the end of March, an increase of 18,853 from the previous quarter. Of the total number of customers, 8.461 million were users of mobile services. Vodafone subscribers accounted for 41.1 percent of the customer base, while prepaid  represented 58.9 percent. ...

Samsung Romania's revenues up 19%, profit up 1% in 2015 

Wednesday, May 18, 2016

The Romanian subsidiary of South Korean company Samsung posted revenues up 19 percent to RON 3.3 billion (EUR 744 million) in 2015, writes local paper Ziarul Financiar quoted by telecompaper.com. Net profit was up 1 percent in 2015 to RON 61 million. The increase comes as Samsung managed to sell no less than 41 percent of the total number of smartphones sold in Romania in 2015. The company sold 1.3 million of the 3.2 million total number of ...

Nike to launch online shop in Romania

Wednesday, May 18, 2016

Nike Inc., the world’s largest sportswear maker by revenues, is set to launch its online shop in Romania, according an announcement posted of the firm’s website quoted by business-review.eu. “This May Nike.com will offer you the largest assortment of Nike and Jordan products ...

Electrica Group posted profits of 142 million lei inQ1 of 2016

Wednesday, May 18, 2016

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The Electrica Group posted net consolidated profits of 142 million lei in the first quarter of 2016, up by 12 per cent year on year, according to a company's release on ...

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