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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD AUGUST – OCTOBER 2015

Wednesday, September 2, 2015

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* Growth tendency of the activity in retail trade Relative stability in the number of employees in industry, construction and services Relative stability of prices in all economic sectors The managers of ...

COFACE: Number of Romanian companies in CEE Top 500, up to 59; Romania ranked 4th in CEE

Wednesday, September 2, 2015

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Romania is ranked fourth, after Poland, Hungary and the Czech Republic, in terms of the number of companies included in the top 500 companies in Central and Eastern Europe - Coface CEE Top 500 ranking.In the 2014 edition of the Coface CEE Top 500 ranking, Romania is represented by 59 companies, compared with 56 in 2013. The ranking leader, Poland, is represented by 176 companies, down from 177 in 2013; Hungary is represented by 73 companies (compared with 70 in 2013) and the Czech Republic ...

The Government passed an ordinance on the right of for-profit companies to be accepted as social service providers

Wednesday, September 2, 2015

The Government passed on Wednesday an ordinance expanding the right of for-profit companies to be accepted as social service providers, shows a release of the Government's Press ...

Ameropa builds EUR 44 mln terminal in Romania’s Constanta port

Wednesday, September 2, 2015

Swiss agri-business group Ameropa will build a new grain export terminal in Romania’s Black Sea port of Constanta. The total investment amounts to EUR 44 million and will take 24 months to complete, according to the group’s representatives. “The new world-scale terminal will add handling capacity of more than 2 million tons of grain per annum in the port of Constanta, which has become an important hub for the increasing production of grains in the Danube ...

Orange Romania announces two new members of BoD

Wednesday, September 2, 2015

Christophe Naulleau, first VP for Europe at Orange group, and Xavier Neouze, responsible for financing subsidiaries in the French group, were appointed in July as members of the board of directors of Orange Romania, writes local paper Ziarul Financiar citing a document published by the company in the official gazette. Naulleau joined the Orange group in 1997 while Neouze was recruited by the group in 2013. The appointments were made after one of the members of the BoD, Kais Ben Hamida, ...

The number of companies that became insolvent, down by 56.82pct in the first seven months of 2015

Wednesday, September 2, 2015

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The number of companies that became insolvent has dropped by 56.82pct to 6,530 in the first seven months of 2015, as compared to the similar period of 2014, according to data released by the National Trade Register Office (ONRC), published on ...

Palletways expands into Bulgaria and Romania

Wednesday, September 2, 2015

Palletways has added Romania and Bulgaria to its pan-European network. This latest expansion means that Palletways now delivers to 20 European countries. Palletways’ pan-European network currently handles more than 30,000 pallets across Europe every day and cross border volume growth is predicted to reach 50% this year. As previously reported by Post&Parcel, Palletways recently added Poland and the Baltic states to its operations and ...

SME Guarantee Fund wants to back farm businesses' access to credit

Wednesday, August 26, 2015

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The National Fund for Guaranteeing Credits to the Small and Medium-Sized Enterprises is ready to back the access to credits for the entrepreneurs in the farming sector and the rural area by its guarantee offer for the measures and sub-measures under the 2014-2020 National Rural Development Programme, the Fund said in a release. The National Agency for Rural Investment Funding (AFIR) announced the opening, by this Oct. 30 of the new annual sessions for submitting the ...

Two guarantee schemes dedicated to the newly created SMEs, submitted to the Public Finances Ministry

Wednesday, August 26, 2015

The National Credit Guarantee Fund for Small and Medium Sized Enterprises (FNGCIMM) has initiated and submitted to the Public Finances Ministry (MFP) two guarantee schemes on behalf of the state, dedicated to the newly created SMEs and the ones temporarily in ...

DCH International Holding have invested rd 23 million euros in the Compound Feed Plant of Sibioara

Wednesday, August 26, 2015

The Danes with the DCH International Holding have invested rd 23 million euros in the Constanta County's Sibioara-based Compound Feed Plant, a release by the Premium Porc Group Company reads. The opening of the Compound Feed Plant of Sibioara is part of a ...

ALRO Slatina Company's CEO: Romania is currently much underinvested yet

Wednesday, August 26, 2015

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Romania is currently much underinvested yet, much unused, yet with significant potential resources, in the high qualified labour force's area, included, said in an interview to ...

Nespresso opens its first brand dedicated boutique in Romania

Wednesday, August 26, 2015

Nespresso announced the opening of its first brand dedicated boutique in Bucharest Romania, at 210 Calea Dorobantilor. Open from Monday to Saturday between 10:00 and 20:00, the luxury retail boutique offers an exclusive brand experience, designed according to global standards by an international team of architects and designers, in close collaboration with Nespresso core team of Lausanne. Nespresso ...

LIDL CHALLENGES COMPETITORS IN THE BALKANS

Wednesday, August 26, 2015

Lidl is promoting consistent pricing across its stores in Romania and Croatia, while expanding its store network in the Balkans thanks to a loan from the World Bank. Consistent pricing Lidl has launched a new advertising campaign in Croatia and Romania, aimed to enhance price perceptions. In Romania, Lidl also publishes the prices of its 1,600 permanently listed products daily at ...

Holzindustrie Schweighofer starts operations at its sawmill in Reci, Romania

Wednesday, August 26, 2015

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Holzindustrie Schweighofer has started the operation at its newest sawmill in Reci, Covasna County, Romania, after receiving all the permits required to function, as the company said in the press release received by Lesprom Network. With an area of around 70 hectares and a cutting capacity of 800,000 cubic meters of round wood per year, sourced from sustainably managed forests, the new factory will represent a Euro ...

Luxoft expands Romanian team

Wednesday, August 26, 2015

Luxoft Holding, Inc., software and IT solutions provider, announced it is expaning its Romanian team by employing 20 IT specialists in the division of Data Services, dedicated to projects in the financial area. Prospective employees will join the team of over 350 engineers who develop IT solutions for investment banking clients in the financial sector. The Data Services division provides technology solutions and support for global operations of ...

Cocor SA saw a H1 turnover of 6.249 million lei

Wednesday, August 26, 2015

Real estate renting and subletting company Cocor SA saw a H1 turnover of 6.249 million lei, down by 4.6pct from H1 2014, and a profit of 701,772 lei, up by 214pct, according to the data released for the Bucharest Stock Exchange ...

Aerostar Bacau celebrates 20 years since inaugural flight of upgraded MiG-21 LanceR aircraft

Wednesday, August 26, 2015

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The Bacau-based Aerostar Company celebrates this weekend 20 years since the inaugural flight of its first prototype of the upgraded MiG-21 LanceR supersonic jet fighter; the military aircraft was subsequently introduced in the fabrication and research units of this specialized aircraft manufacturing and maintenance company. "By defining the specifications and the design and implementation concept in a partnership of Aerostar with the ...

Agricover Credit IFN posted in H21 2015 an operating profit up by 28pct

Wednesday, August 26, 2015

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Agricover Credit IFN posted in H21 2015 an operating profit of 14.070 million lei, up by 28pct from the same period of 2014, and a net profit of over 10.225 million lei, by 27pct higher than that in H1 2014, the non-banking financial institution specializing exclusively in financing agriculture informed on ...

Mega Image opened three new Shop&Go shops

Wednesday, August 19, 2015

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The chain of supermarkets Mega Image inaugurated three shops Shop&Go in Popesti Leordeni, Sinaia and Bucuresti, getting to 429 shops in the whole country, announced the company on Monday. The three units opened on St.Ppesti Vesti, no15 (Popesti Leordeni), Bd.Republiciii no20 Sinaia and Edgar Quinet 8-10 Bucuresti. The units have about 90 square metres and 118 square metres. Founded in 1995, Mega Image ...

Nuclearelectrica (SNN) posted a H1 net profit of 2.9 million lei

Wednesday, August 19, 2015

Romania's nuclear power producer Nuclearelectrica (SNN) posted a H1 net profit of 2.9 million lei, down by 81.21pct from the same period of last year, when it stood at 15.45 million lei, according to a company's report issued on ...

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