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The idea of a business forum Romanian-Uzbek, discussed in a meeting with Bogdan Aurescu

Wednesday, October 15, 2014

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 The State Secretary for strategic affairs in the ministry of foreign affairs (MFA) Bogdan Aurescu received on Tuesday the chairman of the Commission for Foreign Policy of the Senate of the Republic of Uzbek,Sadik Safaev with whom he discussed about the idea of a business forum Romanian –Uzbek, informs a press release of MFA. The guest, former minister of foreign affairs of the Republic of Uzbek (1993, 2003-2005) pays a visit to Romania accompanied by a parliamentary ...

Study:Romania could obtain 8.4 billion euro by the selling of its shares in the biggest state-run companies

Wednesday, October 15, 2014

 Romania could obtain 8.4 billion euro out of the selling of shares owned at the most important state-owned companies thus covering 6.3% of the public debt, according to a study made by the Institute for Economic Research of Austria. The sale of bonds for state-run companies listed on the stock exchange would bring 4.6 billion euro according to the quoted source which takes in consideration Romgaz, OMV Petrom, Nuclearelectrica, Transgaz, Rompetrol, ...

Alro: We don’t see much future for the aluminium industry in Romania

Wednesday, October 15, 2014

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 The costs with energy of Alro Slatina were 66 million dollars last year, and the company cannot afford to have such expenditure for another year, stated,recently Gheorghe Dobra, CEO of Alro Slatina in a conference on energy issues.According to him, the expenditure with the energy, including ecotaxes surpassed 1,000 dollars per ton. The quotations of the aluminium were on Thursday of 1,886 dollars per ton. ‘The costs for energy got to over 1,000 ...

Government strategy: the number of SMEs should increase until 2020 by approximately 200,000 companies

Wednesday, October 15, 2014

 The governmental strategy for the development of the SMEs sector until 2020 includes the growth of the number of active entreprises from 474,000 – the number which was recorded at the end of last year, - to 670,000 companies, with growth of the number of employees from 2.6 million to 3.2 million. The minister delegated for SMEs, Business Environment and Tourism, Florin Jianu announced that the government adopted on Tuesday the Governmental Strategy ...

Holcim Romania is launching the new range of special concretes EX3

Wednesday, October 15, 2014

  Holcim Romania, one of the world’s leading producers of cement, ready-mix concrete and aggregates, is launching the new range of special concretes EX3, specially designed for the most innovative construction projects, the company informs. The EX3 range comprises concretes which have been specially designed to meet the future challenges in constructions, whether we speak about skyscrapers that are hundreds of meters high, which require high-strength ...

Kingfisher reopens six former Bricostore units under Brico Depot brand on Friday

Wednesday, October 15, 2014

British DIY retailer Kingfisher has finished remodeling six more former Bricostores, which it will reopen Friday as Brico Depot stores.“Brico Depot announces the inauguration of six new “depots”, that began their transformation in August, thereby reaching a total network of 8 units on the local market. The stores are part of the 15 Bricostore units bought in June, last year, and they were designed after the famous Brico Depot model” according to a ...

Flanco 9-month sales up 10 percent y-o-y to RON 480 mln

Wednesday, October 15, 2014

Romanian electronics retailer Flanco Retail registered sales of RON 480 million in January-September 2014, up 10 percent on the year.“Our stake in 2014 was to deliver a greater volume of sales in healthy conditions: profitability and operational efficiency. On a price-sensitive market promotions and discount can lead to a short-term increase in market share but they also lead to a long-term consumer behavior which damages healthy development”, said Dragos Sirbu, ...

Margineni, a good example of a project funded by EU funds of the National Local Development Programme

Wednesday, October 15, 2014

 Prime Minister Victor Ponta said at Margineni, the eastern Bacau county on Monday that the project on the public lighting by using sun energy to be implemented in the rural town is a first for Romania that 'can stimulate the development of an area of using the non-conventionally made electric ...

Firms controlling Bucuresti Mall and Plaza Romania to merge

Wednesday, October 15, 2014

  Two firms that are part of Turkish group Anchor and own shopping centers Bucuresti Mall and Plaza Romania will merge. The two companies have combined assets of over EUR 200 million.“As a result of the merger’s approval/registration, Plaza Mall Development and Management, under its status of absorbed society, is dissolved without liquidation and will ease to exist, while Bucuresti Mall Development and Management will take over ...

JTI could relocate part of its production to Romania

Wednesday, October 15, 2014

Japan Tobacco International (JTI) could close its production units in Northern Ireland and Belgium, citing a challenging economic environment and excise tax pressure, and is looking into relocating manufacturing to other facilities, potentially in Poland and Romania, writes Mediafax.   The Japanese company presented a proposal for rearranging its production activities in a series of European countries, in a bid to improve ...

China , interesting in joint business projects in Maramures County

Wednesday, October 8, 2014

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People's Republic of China Ambassador to Romania Huo Yuzhen at the end of last week paid a visit to Maramures County and talked with County Council (CJ) Vice President Emil Marinescu about joint business projects, shows a release on Monday. Within the meeting CJ Maramures President presented the main development ...

Government approved the 'Government Strategy for the development of small and medium-sized enterprises and the improvement of the Romanian environment - Horizon 2020'.

Wednesday, October 8, 2014

The Government approved under a resolution this Tuesday the 'Government Strategy for the development of small and medium-sized enterprises and the improvement of the Romanian environment - Horizon ...

Greek toy retailer is planning on opening more Romanian stores

Wednesday, October 8, 2014

Greek toy retailer Jumbo is planning on opening two more stores in Romania by the end of the year: one in Bucharest and one in Oradea, with another opening scheduled in the first half of 2015 in Arad, writes Mediafax. Currently, the retailer, is present on the market with two stores, in Bucharest and Timisoara. According to the company’s data, the three new stores will cover 12,000 square meters each.The first Jumbo store in Romania, ...

Number of insolvencies in Romania could exceed 30,000 this year

Wednesday, October 8, 2014

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There were around 28,000 new insolvency procedures in Romania last year, and this year this figure could reach or even exceed 30,000, said Valentina Burdescu, director of the Bulletin of Insolvency Procedures (BPI), during the second National Insolvency Conference.   She said that companies in the services, commerce, constructions, HORECA (hotels, restaurants, cafees) and ...

Ruukki closes down Bolintin Deal factory

Wednesday, October 8, 2014

Ruukki Romania, part of Swedish steel producer SSAB, will close its factory in Giurgiu county, the result of a EUR 35 million investment completed in 2008.“We will stop production this winter, when the season is over, and we will relocate the roofing department in two locations belonging to Plannja Romania, in Bacau and Tunari, afterwards we will figure out what to do in Bolintin Deal. SSAB will decide, through the real-estate department. Our main options are renting, ...

Telekom Romania will sell off real estate portfolio at auction

Wednesday, October 1, 2014

A real estate portfolio consisting of three assets- Palatul Telefoanelor, the Tandem building and a land plot in Matei Millo, were taken out for sale by telecom operator Telekom Romania Communications, with a starting price of EUR 21.6 million. The market value of the portfolio was established by independent evaluators.The properties will be sold at auction, and the winner must come up with the best price offer as well as comply with ...

Renault moves UK Duster production from India to Romania

Wednesday, October 1, 2014

Renault has moved production of its Duster SUV for the UK market from India to Romania. The Economic Times said the move was made to reduce waiting time for the Duster in India. Renault India country chief ...

Ericsson to reach 3,300 staff in Romania by 2014 end

Wednesday, October 1, 2014

Ericsson Romania will reach approximately 3,000 employees at the end of 2014 from 2,800 at present, according to local paper Ziarul Financiar. In 2015, 300 more employees will be hired by the group.   Ericsson entered into a seven-year agreement with Deutche Telekom's operators in Romania, Romtelecom and Cosmote which were recently rebranded as Telekom Romania, through which the company will provide integrated support ...

Ford Romania announces car registrations up 51 percent

Wednesday, October 1, 2014

Ford said on last Thursday it saw a 51 percent rise of Ford cars registered in Romania, to 4,601 vehicles in the first 8 months of the year, compared to 3,048 units in the same period last year. The general market increase was 23.4 percent, according to the company’s press release. Best sold models in the first nine months of the year were Ford Fiesta (1,787 units), Ford Focus (1,084 units) and Ford Mondeo (329 ...

Orange Romania reaches 110,000 satellite TV subs

Wednesday, October 1, 2014

Orange Romania announced that its satellite TV services attracted over 110,000 subscribers since being launched in June 2013, according to local paper Ziarul Financiar citing Orange Romania CEO Jean Francois Fallacher. He was speaking during a special edition of the paper's ZF Live TV show transmitted from the International Digital Forum 2014 conference.   Fallacher said that end-users are increasingly accessing TV services ...

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