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Orange Romania loses 163,000 customers in Q2, revenues up 3%

Wednesday, July 27, 2016

Orange Romania saw its revenues increase 3.3 percent year-on-year in the second quarter to EUR 240.5 million, telecompaper.com reads. The company continued to shed customers and reached 9.846 million  30 June, that's 163,000 less than in Q1. Mobile data traffic continued its upward trend, being 4 times higher in the first half compared to the same period last year due to higher interest in LTE handsets and advantageous offers to purchase ...

Cosmetic Plant: Over 20% business growth in the first semester and new export destinations for the company

Wednesday, July 27, 2016

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* Cosmetic Plant launched exports to France and Cyprus * Business will grow by 10% for the full year Cosmetic Plant, a leading local manufacturers of cosmetics, reported in the first six months of this year an increased turnover, up by over 20% compared to the same period of the last year, a press release to ACTMedia informs. Also, in the first semester of 2016 the company both expand exports to countries where ...

Elefant retailer raises EUR 5.5 mln from Axxess Capital-backed fund and Catalyst Romania

Wednesday, July 27, 2016

Online retailer Elefant.ro, controlled by businessman Ion Sturza, has attracted a new round of financing worth EUR 5.5 million from Emerging Europe Accession Fund (EEAF), which is advised by Axxess Capital, and Catalyst Romania, which is already a shareholder in the company, business-review.eu reads. Following the deal, the EEAF has become a minority shareholder in the e-commerce player. The deal is pending the approval of the Competition ...

Work productivity in industry dropped by 1.9% in Q1

Wednesday, July 27, 2016

The work productivity in industry dropped in Q1this year by 1.9% as compared to the similar period of 2015 and against the previous quarter by 3.8% a publication of the National Commission of Prognosis says.(CNP) ‘In accordance with the evolution of the industrial production and the number of employees in industry, the work productivity dropped both in Q1 2016 against the corresponding quarter of 2015 (-1.9%) and against ...

Prysmian invests EUR 43 mln in Romania, Slovakia plants

Wednesday, July 27, 2016

Prysmian will open two new plants for the production of telecommunications and data cables in Europe. The plants are being built as extensions on already existing factories located in Slatina, Romania, and Presov, Slovakia and will be opened in the coming months. Both plants will reach full capacity at the beginning of 2017. Official inauguration ceremonies will take place in early 2017. The Slatina factory started its manufacturing activity in 1973 ...

Lidl to open new store in Bucharest and reach 196 units in Romania

Wednesday, July 27, 2016

Lidl continues its investments in Romania by launching a new store in Bucharest on July 28, reaching 196 stores all over the country, business-review.eu infor. This will be the 21 th store in Bucharest. Over 20 new jobmss will be created in the new location. The store will have a surface of 1,200 sqm and almost 100 parking lots. The functioning schedule will be 7:30- 22:00 from Monday to Saturday and Sunday from 8:00 to ...

Orange CEO says Romania is key player in mobile money plans

Wednesday, July 27, 2016

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Romania will play an important role in Orange's strategic plans to expand  the mobile financial services market, Orange's president and CEO Stephane Richard told local paper Ziarul Financiar during an interview, telecompaper.com reports. The first step of the French giant on this segment in Romania is the launch of Orange Money on the local market, which is imminent. Richard was in the capital Bucharest during a short visit whose aim was the ...

Vodafone Romania service revenues up 4% in June quarter

Wednesday, July 27, 2016

Vodafone Romania reported service revenues in the fiscal quarter to 30 June up 4.2 percent from the previous year in organic terms to EUR 173.9 million. Mobile data consumption in the quarter increased by 105.3 percent compared to the same period last year to 15,480 TB. This growth was generated by an increase in the rate of penetration of smartphones in the user base by 6.4 percent year-on-year. At 30 June, Vodafone subscribers represented 41 percent of the customer base, ...

 Romania salaries in retail and IT up by 10 pct in H1

Wednesday, July 27, 2016

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The private sector salaries in retail & logistics and IT, as well as in private medical sector grew by 10 percent in the first half of this year compared with the same period of 2015, business-review.eu informs. The  bonuses went up by 16 percent  in the same period. On the other side the oil and bank industries reported a reduction of salaries. According to a study made by Smartree Workforce Index, the salaries had an increase ...

UAE group to build oil recycling plant in Romania

Wednesday, July 27, 2016

Engineering and project management company, Chemie-Tech, will invest $62 million (AED226m) in a plant that recycles the oil used in the automotive industry in Oltenita, Romania, constructionweekonline.com informs. The factory in Romania will have the capacity to recycle 73,000 tonnes of used oil annually. The plant is the first investment of this kind in Romania, and Central and Eastern Europe, ...

Apemin Zizin Romania shareholders invest EUR 500,000 in DermaCare Clinique skincare center

Wednesday, July 27, 2016

The biggest shareholders of Apemin Zizin have invested EUR 500,000 in a new skincare center called DermaCare Clinique, business-review.eu informs. The spa center offers clients various procedures meant to improve the appearance of the skin and body, such as full-body remodeling (Body Farm by Eximia), body wraps, permanent laser hair removal procedures or facials (OxyJet Leo DeLuxe), using high-tech equipment. “The idea for ...

ACCIONA Ingenieria secures rail modernisation project in Romania

Wednesday, July 20, 2016

 CFR SA has awarded ACCIONA Ingenieria S.A – Baicons Impex consortium the contract for updating the feasibility study for the electrification and modernisation of Cluj Napoca – Oradea – Episcopia Bihor railway line, think-railways.com reports. The consortium submitted a EUR 1 million bid.The specific objective of the investment project is the upgrading of the existing 157.9 ...

ALD Automotive Romania has a new general director

Wednesday, July 20, 2016

ALD Automotive announces the appointment of Frederic Banco as the new general director of ALD Automotive Romania starting from September 1, business-review.eu informs. Having an experience of over 20 year in operational leasing field, Banco was previously the general director of ALD Automotive Marocco. He will lead the operations of the Romanian subsidiary, having as objective the fleet growth, the customers portofolio development and partnerships ...

Entersoft Romania registers 40 pct revenue growth in H1 2016

Wednesday, July 20, 2016

Entersoft Romania, local branch of the business software and services provider Entersoft, has registered a revenue growth of 40 percent in the first semester of 2016 compared to the same interval of the previous year,business-review.eu reads. “We’ve had a very good start this year, with new projects that were considered to be promising since last year like the ones from Meritstahl, BioEnergy, Presto Construct or Imperial Tobacco. The growth ...

Catalin Emilian takes helm at RTB House Bulgaria, in addition to Romanian operations

Wednesday, July 20, 2016

Catalin Emilian has been appointed country director of  RTB House in Bulgaria because of his success of the growth in RTB House in Romania,business-review.eu informs. He will manage both countries, Romania being one of the almost 40 markets where RTB House already launched  its activity. The company has been present in the Bulgarian market for two years, using new technologies in digital advertising for stores, advertisers and producers who ...

Tzoulas's manager mandate of NextGen gets prolonged

Wednesday, July 20, 2016

Anastasios Tzoulas was appointed for another four years as administrator of Telekom Romania's cable company NextGen Communications, writes local paper Ziarul Financiar citing a decision signed on 21 June by Telekom Romania CEO Miroslav Majoros. The decision was published in the country's official gazette. His new four-year mandate started on 2 July. Tzoulas joined Telekom Romania Communications (former Romtelecom) in 2001 and is also the CFO of Telekom ...

Porsche Engineering Romania to enlarge team, develop Master’s program in Cluj-Napoca

Wednesday, July 20, 2016

Porsche Engineering Romania has announced plans to grow its Cluj-based team to up to 20 staff by the end of the year, business-review.eu reports. Moreover, the company has partnered with the Technical University of Cluj-Napoca to develop a Master’s program. The newest subsidiary of the German global engineering services provider Porsche Engineering Group GmbH plans to hire ...

The White Paper of SMEs present an entrepreneurial environment characterized by pessimism

Wednesday, July 20, 2016

 The results of the White Paper of SMEs present an entrepreneurial environment characterized by pessimism about the development of the economic environment, which accuses difficulties in overcoming bureaucratic problems and lack of interest in accessing the programmes with European financing, Florin Jianu, President of the National Council of Private Small- and Medium-Sized Enterprises in Romania (CNIPMMR), said Thursday at the launching of the ...

Romania records biggest decrease in insolvencies among CEE countries

Wednesday, July 20, 2016

Romania has recorded the strongest decrease in the number of insolvencies among countries in Central and Eastern Europe, a study by Coface reveals, business-review.eu. The almost – 50 percent decrease was due to several favorable conditions, such as the fiscal stimuli the country benefitted from. Overall, the number of insolvencies decreased over the course of 2015 in 9 out of 13 countries. In the region, Lithuania and Ukraine recorded a ...

GfK: Slight increase for economic expectations in Q2 in Romania

Wednesday, July 20, 2016

In Romania in Q2, the overall economic perspective registered a minimum increase (0.9 points) to 4.2 percent in June, business-review.eu reads. The indicators have recorded a slight increase over the long term average, from 0 percent, according to a GfK survey. The reluctancy of spending is in contrast with the economic growth registered in the last years. The expectations regarding the incomes slightly decreased in Q2 with 3 points, until 18.5 points. ...

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