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Analysis: Business ‘for sale’ can be acquired in the big cities of the country starting with 20,000 euro

Wednesday, August 20, 2014

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  A business ‘ for sale’ can be acquired in the big cities of the country starting with 20,000 euro, the most accessible offers having the authorisations and the necessary endowments for operating a business. On the other hand, the offers which include the real estate property get to several million ...

One in five entreprises implemented a new product or process between 2010 - 2012

Wednesday, August 20, 2014

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  One in five entreprises in Romania introduced or implemented a product or a process, an organising method or marketing method which was new or improved between 2010 -2012, announced on Monday the National Institute for Statistics.   According to INS, over half of the innovative entreprises developed their innovations in their ...

Farmec posts H1 turnover of 75.2 mln lei, down 6.13% from H1 2013

Wednesday, August 20, 2014

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Romanian cosmetics producer Farmec Cluj-Napoca recorded a turnover of 75.2 million lei in H1 2014, up by 6.13% from the same period of 2013, according to a company's release issued on Tuesday . In 2014, Farmec allocated an investment budget of 10.7 million lei. 'We invest constantly in the latest technologies and pay close attention to formulating products, but also to their presentation,' said Mircea Tudean, the General Manager of Farmec. ...

Reuters: TT Electronics says move of German manufacturing to Romania delayed

Wednesday, August 20, 2014

British electronic components maker TT Electronics Plc said the transfer of its German manufacturing operations to Romania was taking longer than expected, helping to send its shares down as much as 5.2 percent on Tuesday. The company, which provides electric-vehicle components and electronic sensors to customers such as BMW and Volkswagen, announced an operational improvement plan in its sensing and control business in ...

2.2 times higher net profit in H1 for Transgaz

Wednesday, August 20, 2014

The National Natural Gas Transport Company Transgaz posted 294.37 million lei in net profit in H1 2014, almost 2.2 per cent up from the first half of last year, when its net profit stood at 134.67 million, lei, according to the half-yearly report of the company made available for the Bucharest Stock Exchange (BVB). The company's turnover surged 14.85 per cent in the ...

Bermas Suceava ends H1 with net profit of 234.631 lei

Wednesday, August 20, 2014

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Brewer Bermas Suceava ended H1 of this year with a net profit of 234.631 lei, down by some 11% from the same period in 2013, according to the information sent to the Bucharest Stock Exchange (BVB). The company recorded a turnover of 11.435 million lei, in slight decrease, by 0.4%, compared to that reported in H1 2013 - 11.481 million lei. The company's total ...

Romtelecom and Cosmote to use Telekom Romania brand

Wednesday, August 20, 2014

Romtelecom and Cosmote Romania will change their legal name to Telekom Romania Communication, Telekom Romania Mobile Communications respectively, and will begin to operate on the market under the brand Telekom Romania by the middle of September.“As a result of the shareholders decisions for each of the companies, ...

InterAgro resumes production in Turnu Magurele, Slobozia chemical factories

Wednesday, August 20, 2014

The InterAgro Group is resuming production at the chemical plants Donau Chem of Turnu Magurele and Chemgas of Slobozia (both in southern Romania) starting on Thursday, the group has announced.The decision follows a slight improvement of the international fertilizers market.'Resuming production is also possible owing to ...

Chinese investors, interested in Sanevit syringe factory

Wednesday, August 20, 2014

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Chinese investors interested in Sanevit Arad have paid a visit to the syringe factory, and by end-August they will make a decision regarding the continuation of negotiations for privatizing the company. 'The two Chinese businessmen have visited the factory to learn about facilities, equipment and the technological flow. They requested additional information about the ...

Siemens invests EUR 4.5 million in R&D center in Cluj

Wednesday, August 20, 2014

Siemens announced on this Monday it will expand its local presence in the IT field, by opening a new R&D center in Romania in Cluj, under the brand of its subsidiary Evosoft. By 2017, the company intends to hire over 200 people, who will work on global projects in software and product development for Siemens’ four sectors. The premises are located in ...

The American clothing retailer Brooks Brothers comes to Romania

Wednesday, August 13, 2014

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  The American clothing retailer Brooks Brothers opens the first shop in Romania, in September in Baneasa Shopping City,operated by LT Apparel Romania, a joint venture between FF Group Romania, subsidiary of the international Group Folli Follie and the Greek company LT Apparel. The newly-created company has social capital worth 500,000 euro and is owned 51% by LT Apparel from Greece ...

Mercedes E-Class Gets New 9G-Tronic Transmission, Made In Romania

Wednesday, August 13, 2014

From September the Mercedes-Benz E-Class range will receive a number of changes, including the introduction of a new 9G-tronic transmissions produced in Romania, at the Sebes plant, and new standard equipment, like more powerful engines with lower emissions. As part of Mercedes-Benz’s 2020 growth strategy and increasing production of their vehicles in relation to markets and customers, the powertrain production network is made of ...

Ponta assures local administration will get additional shares in Constanta Port

Wednesday, August 13, 2014

Prime Minister Victor Ponta on Tuesday said that after this November's presidential election a decision will be implemented to transfer to the local administration a new package of shares in the National Constanta Maritime Port Corporation. 'The answer of the European Commission is that it recommends, in accordance with other European experiences, that the Romanian state in ...

Compa Sibiu's net profit, up 15% in H1, to 14.24 mln lei

Wednesday, August 13, 2014

Auto parts maker Compa Sibiu saw a net profit of 14.24 million lei in H1 2014, up by 15% from H1 of last year, when its net profit stood at 12.39 million lei, according to the company' reporting to the Bucharest Stock Exchange /BVB/.Net turnover decreased in the reference period, from 235.45 million lei to 222.3 million lei.Total revenues went down to 244.18 ...

ARISTON launches a new program for the renewal of boilers park

Wednesday, August 13, 2014

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*Romanians, more interested in condensing gas boilers due to the even lower gas consumption   Ariston Thermo România, leader in heating systems on Romanian market, launches, for the fifth year in a row, ‘Double advantage’, the national program dedicated to the renewal of boilers park, by supporting ...

Cosmetic Plant extends the exports by entering the Hungarian market

Wednesday, August 13, 2014

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  Cosmetic Plant products, now available in 9 markets from around the world Consumption differences between the local and Hungarian markets   Cosmetic Plant, one of the best known local cosmetics producers, is planning to extend its ...

Romanian postal service stages European promotion roadshow

Wednesday, August 13, 2014

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The Romanian Postal Service will begin a European promotion tour at the end of August or early in September, to continue talks with potential investors, general manager Alexandru Petrescu said in an interview to AGERPRES.'We have also planned a roadshow, a promotion tour in Europe, and we look at European financial centres - perhaps London, perhaps Frankfurt - to continue ...

CFR Marfa turnover, up 8.4% in H1, to 437.23 mln lei

Wednesday, August 13, 2014

CFR Marfa [state-held rail freight operator] recorded in H1 2014 a turnover of 437.23 million lei, up by 8.4% from the same period in 2013, the company has informed in a press release.CFR Marfa recorded also an increase by 13% in the carried freight volume (from 12.6 million tonnes carried in H1 2013 to 13.63 million tonnes in H1 2014). Due to the increases in these indicators, the company announces a reduction in financial losses by 79% ...

Romtelecom posts 306 million euros net revenues in H1 2014, up year-on-year

Wednesday, August 13, 2014

The Romtelecom Company had net revenues of 150 million euros in Q2 2014, which led to a total of 306 million euros net revenues for H1, up 4 percent year-on-year, according to a release on Thursday.The earnings before interests, taxes, depreciation and amortization (EBITDA) in Q2 were 44 million euros, or 31.6 percent higher year-on-year; for H1, the total was nearly 82 million euros, up 14.4 percent year-on-year.In the TV ...

Star Storage launches the new storage system - Hitachi Virtual Storage Platform (VSP) G1000 in Romania

Wednesday, August 13, 2014

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Star Storage, Romanian top provider for storage, archiving and information management solutions, IT Outsourcing and Cloud services, announces the launch of the new enterprise storage system Hitachi Virtual Storage Platform (VSP) G1000 in Romania, a press release sent to ACTMedia informs.   The storage system - Hitachi Virtual Storage ...

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