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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 ...

Renault Romania names new director for informational systems direction

Wednesday, October 1, 2014

French carmaker Renault has appointed Cornel Tascu, 47, as the new executive director of the informational systems direction of Renault Romania and Turkey, as of September 1. He is replacing Olivier Mougin, who was named director of new product data at the test and services engineering direction of the Renault Nissan alliance.   Tascu is a graduate of the Technical ...

Romania’s hike in minimum wage puts more pressure on SMEs, says survey

Wednesday, October 1, 2014

The increase of the minimum wage from RON 850 to RON 900 this July has triggered an increase in all wages, exerting additional pressure on SMEs that are already grappling with lackluster demand and little access to bank loans, reveals a survey published Friday by the National Council of Small and Medium Sized Companies in Romania (CNIPMMR).   Four out of five respondents to the survey said that they had ...

Orange Romania reports 110,000 DTH subs

Wednesday, October 1, 2014

Orange’s Romanian satellite DTH pay-TV service says it has won 110,000 television subscribers since launch in June 2013.Orange Romania CEO Jean Francois Fallacher, speaking at a local conference organised by the Ziarul Financiar newspaper, said end-users are increasingly accessing TV services from their smartphones, tablets and computers, as well as the TV set.   Orange TV in Romania is beaming out 111 channels, 48 of ...

Radu Enache replaced with Marius Georgescu at the helm of HP Romania

Wednesday, October 1, 2014

HP Romania’s sales director, Marius Georgescu, was appointed general director on Monday, replacing Radu Enache who was revoked from the position on July 1, as per a shareholders’ decision. Enache was appointed general director of HP Romania in May, 2000. Marius Georgescu joined the team in April 2008.   HP Romania posted a RON 236.8 million turnover last year, down 30 percent ...

Gefco Romania wants to grow business to EUR 50 mln this year, looks at acquisitions

Wednesday, October 1, 2014

The Romanian subsidiary of logistics operator Gefco estimates it will increase its turnover to about EUR 50 million this year from approximately EUR 47.5 million in 2013, said Christophe de Korver, the GM of Gefco Romania, this Tuesday, during a press conference.   The increase will come from the automotive sector which generates about 70 percent of the company’s ...

Spanish companies test the Romanian market: extension or new entries in retail

Wednesday, September 24, 2014

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If in 2009 in Romania there were 22 Spanish franchises and 36 units, last year the number of franchisors reached 30, and the number of units recorded an increase, reaching 191, Jose Miuel Vinalgs, the honorary consul of Spain to Timisoara says. “An important component of franchises is the number of units, namely the opened locations as a ...

Wizz Air to expand capacity in Romania by 29% in 2015

Wednesday, September 24, 2014

Central and Eastern Europe-based Wizz ...

CRH interested in buying Lafarge’s assets, including properties in Romania

Wednesday, September 24, 2014

  Irish concrete producer CRH has expressed interest in taking over Lafarge’s assets, after a part of the companies’ properties have been placed on sale in order to allow for their merger, writes Mediafax. CRH is interested in Lafarge’s properties in Romania: two cement factories in Medgidia and Hoghiz and a grounding station in Targu Jiu.   Four ...

Improper administration of EU funds worries German investors

Wednesday, September 24, 2014

Romania’s faulty management of European Union money is damaging the economy’s growth potential, according to the Romanian-German Chamber of Commerce and Industry (AHK Romania).   The biggest bilateral chamber of commerce in the country, it currently has around 530 members. “For the construction and adaptation of economic structures at the level of the European Union, the EU funds ...

Former eMag co-founder invests in ad and film production company

Wednesday, September 24, 2014

Radu Apostolescu, former co-founder of online retailer eMag, has invested in Abis Studio, a company specialized in the production of advertising and film. The value of the transaction is confidential.  “This investment is a very important stage and a sign of confidence ...

Subway Romania sets up online ordering service with included mobile app

Wednesday, September 24, 2014

Clients will soon be able to Subway products from www.subwayro.com, according to wall-street.ro. The sandwich chain will charge RON 5 for orders under RON 50, RON 2 for orders under RON 100 and transport will be free for orders over RON 100.Subway also announced on Tuesday it will launch a free mobile app for ordering and delivering products.   In an initial phase, the app ...

Topp Textile Group, Ploucquet Form Strategic Alliance At Brasov, Romania, Site

Wednesday, September 24, 2014

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Gerhard Topp GmbH, based in Durach, close to Kempten, will take over the European waistband production of Ploucquet GmbH at the Brasov production site in Romania. Selling this site is the beginning of a long-term production cooperation between the two long-established companies.   From now on, Ploucquet GmbH will focus on the treatment and the finishing of linings for the fashion textiles sector, which are produced in the ...

Companies from Austria invest 10.9 bn euros in Romania

Wednesday, September 17, 2014

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Austrian companies' investments in Romania total 10.9 billion euros and represent 18.5% of the total foreign direct investments made in Romania, Rudolf Lukavsky, commercial advisor with Austria's Embassy in Bucharest, told a Tuesday's relevant conference. 'Over 1,000 Austrian investors are active in Romania, through 6,794 Austrian-owned companies, totalling over 100,000 employees, taking into account the jobs created directly,' said Lukavsky. He ...

DefMin: Cugir-based weapons factories get manufacturing orders from Army

Wednesday, September 17, 2014

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National Defence Minister Mircea Dusa said in this central Romanian city on Monday that two weapons factories based in nearby Cugir have received manufacturing orders aimed to equip the Army, following the additional money the ministry had received on the budget revision, but he failed to cite how much the closed contracts are worth.When asked whether the two weapons factories based in Cugir - the Mechanical Works and the Weapons Factory respectively - have ...

Vodafone might consider acquiring UPC Romania’s mother company, “for the right price”

Wednesday, September 17, 2014

The CEO of the Vodafone Group, Vittorio Colao, when asked whether Liberty Global might be a good fit for the U.K. wireless carrier, said he would consider it “for the right ...

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