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Danone Romania plans to invests millions in new technology

Wednesday, April 22, 2015

Danone Romania, the local yogurt market leader, announced on Thursday in a press conference, the upgrade and implementation of a new technology in the Danone plant in Bucharest, following a RON 10 million (EUR 2.3 million) investment, which will facilitate the packaging makeover. The Danone plant in Bucharest processes approximately 50 million liters of milk every year, part of this quantity coming from Romanian farms with which Danone is partner since ...

EESC's Malosse: Threatening with relocating Renault's production in Romania exaggerated

Wednesday, April 22, 2015

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European Economic and Social Committee (EESC) President Henri Malosse says the threat of relocating Renaults' car production from Romania is exaggerated; in a press conference at the end of his visit to Romania, he pointed out the infrastructure nevertheless needs a faster improvement. "The Government reassured the Renault Group that the [Pitesti-Sibiu] motorway will be ready in 2020, although the initial term was 2018. I'm not the representative of ...

Tenaris inaugurates investment worth 14 million dollars in Zalau

Wednesday, April 22, 2015

Tenaris, a leading supplier of tubes, reconfirmed its interest for Romania through a new investment of 14 million dollars into a training centre for its 1,700 employees, inaugurated on Saturday in Zalau. Tenaris CEO Paolo Rocca, Prime Minister Victor Ponta, Transport Minister Ioan Rus, and local and county authorities attended the event. "Tenaris is exactly the type of company any country, any local community, any government ...

PM Ponta: the tax alleviations should persuade foreign investors to come to Romania

Wednesday, April 22, 2015

Prime Minister Victor Ponta says the tax alleviations decided by his government should persuade foreign investors to come to Romania. Ponta declared on Thursday, on the inauguration of a production facility of a German company in Codlea: "I absolutely wanted to be here today, to send a message to companies (...) to tell them that besides the measures already taken - the abatement of social contribution and the tax exemption for reinvested profits - and ...

Bittnet Systems, listed on AeRO

Wednesday, April 22, 2015

Bittnet Systems, a local IT training provider, will be listed today on AeRO, an alternative trading system for SMEs and start-ups of the Bucharest Stock Exchange (BVB), BVB reports in a press release. The company's main business focuses on IT trainings and delivering end-to-end IT infrastructure services and solutions from market leaders like Cisco, Microsoft, Dell, VMware, HP etc. Bucharest Stock Exchange (BVB) will be streaming live the ...

Inteva Products Expands its Global Presence

Wednesday, April 22, 2015

* Inteva Opens New Facilities in Romania and China, while Relocating a Facility to Solingen, ...

Mobile marketing, ready to rise on the Romanian digital industry

Wednesday, April 22, 2015

Despite last year’s predictions, 2015 will not be the year of mobile marketing in Romania, say pundits. Still, the sector has been described as the “little star” of the digital industry. The innovations and the people are in place and the agencies are ready, players told BR, it only remains for the clients to have more courage, invest bigger budgets and be ready to take the industry to a new level. Mobile ...

CIS: almost 40%of the companies consider that the capital investments in Romania are not competitive

Wednesday, April 15, 2015

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Over 60% of the companies are expected to have an increase of the income by almost 15%, advance supported by the domestic market rather than by exports, and on the other hand 40% consider that the capital investments in Romania are not competitive, shows a study of the Council of Foreign Investors (CIS). ‘62% of the interviewees expect ...

Eric Olsen, Lafarge vicepresident will be CEO of Lafarge Holcim after merge

Wednesday, April 15, 2015

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Administration boards of Lafarge and Holcim approved the appointment of Eric Olsen, the executive vicepresident of the French group in the position of CEO at Lafarge Holcim after the merger between the two building material producers. Olsen (aged 51) is now Lafarge vicepresident in charge of operations in several states like France, the US, Brazil and Egypt. He joined the French group in 1999 and has been a member of Lafarge ...

Online store evoMAG.ro counts on sales increase of 20 million euros this year

Wednesday, April 15, 2015

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The online store evoMAG.ro estimates a business figure of over 20 million euros this year, on the rise by 20% compared to 2014, an evolutions backed by investments, product portfolio diversification and order increase. According to the company, the evoMAG advance will be superior to the evolution of the IT&C online retail market, with an estimated advance of 10-15%. evoMAG.ro had a business figure of 17 million euros in ...

37% of small companies in Romania have in view moderate activity expansion in next two years

Wednesday, April 15, 2015

36.7% of small and medium companies in Romania have in view a moderate expansion of their activity in the next two years, while 54.11% intend to maintain their business at the present dimension, while a rapid business expansion is wanted by 4.81% of companies. According to data from the latest issue of the White Book of Small and Medium Companies, 2.15% of companies take into account to reduce their business , 1.83% intend to close down their business while the sale of ...

French companies showcasing their offer in Romania and Poland

Wednesday, April 15, 2015

BUSINESS FRANCE, the French Agency for International Business Development, is organizing, in partnership with DACHSER, a trade promotion mission for a group of French companies in Bucharest and Warsaw  from April 27 to 30. The event, organized every 2 years, is designed to provide in-depth understanding of local opportunities within the Romanian and Polish markets in the sectors of finishings, second fix and ...

Regiotrans restarts operations

Wednesday, April 15, 2015

Private passenger operator Regiotrans hopes to resume all its previous services this month, after regaining an operating certificate on March 30 and repairing enough rolling stock to reinstate one-third of its previous routes on April 1. National safety agency ASFR had withdrawn the company’s operating certificate on March 16, after inspections found defects in 29 of its diesel multiple-units. Regiotrans is Romania’s ...

Suretank takes part in UKTI trade mission to Romania and Bulgaria

Wednesday, April 15, 2015

Co Louth company Suretank has taken part in the largest ever UK Trade & Investment trade mission to Romania and Bulgaria to promote its range of offshore tanks and containers for the oil and gas industry. The delegation was received by Romanian Prime Minister Victor Ponta and the Bulgarian President Rosen Plevneliev in Bucharest.  Suretank sales manager Mark Pett-Ridge said: “It was a great opportunity to share ...

ForMin Aurescu suggests a meeting in 2015 of the Romanian-Jordanian Business Council

Wednesday, April 15, 2015

 Romanian Foreign Minister Bogdan Aurescu has suggested a meeting in 2015 of the Romanian-Jordanian Business Council, a suggestion that was welcomed by Deputy Prime Minister and Minister of Foreign Affairs and Expatriates of Jordan Nasser ...

RWA Conglomerate Enters Romania, Revenues & Profit Down in 2014

Wednesday, April 15, 2015

Austrian warehouse operator and conglomerate Raiffeisen Ware Austria (RWA) launched a unit in Romania, Raiffeisen Agro Romania, completing its presence in CEE and SEE. Romanian market has a good potential, despite some risks, managers Reinherd Wolf and Stefan Mayerhofer said at the annual press conference. In 2014, RWA consolidated revenues sank by 7.3 percent y/y to EUR 2.5 billion (USD 2.6 billion) as agriculture products and ...

Number of companies set up by students amounted to 19,294 units at end-February

Wednesday, April 8, 2015

The number of companies set up by students amounted to 19,294 units at end-February, up by 1.89% compared to the same period in 2014, according to the National Office of Trade Registry ...

Ford Romania appoints Valerio Brenciaglia as CEO

Wednesday, April 8, 2015

Ford Romania National Sales Company has, as of April 1, a new CEO – Valerio Brenciaglia -, who replaced Zoltan Brassai, the latter having joined the Ford Europe team, as brand director – Large Cars, the company said. Brenciaglia, 45,  is familiar with the market in Romania, in the period July 2012 – September 2013 having held ...

SYMMETRICA: 8% increase in turnover in 2014

Wednesday, April 8, 2015

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*The company’s plans for the current year – to increase the capacity of production and the overall business Symmetrica, the local leader on the paving bricks and vibropressed curbs market and the largest local producer, reported an 8% increase in business in 2014, reaching a turnover of 74 million RON (16, 5 million Euros). The increase in 2014 was mostly determined ...

Bucharest Stock Exchange's Sobolewski: Romania needs American investors to advance to emerging market

Wednesday, April 8, 2015

The Romanian capital market needs American corporate investors and their global network to get the liquidity and development necessary to attain the status of emerging market, says Bucharest Stock Exchange (BVB) CEO Ludwik Sobolewski. "The Bucharest Stock Exchange has the fastest growth pace in Europe and the investors' interest in Romania is increasing, as ...

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