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Romania's Romexpo will resume its 10 million euro expansion

Wednesday, March 25, 2015

Romania's Romexpo will resume the expansion and upgrading works and will invest EUR 10 million over the next two years. Through the expansion and upgrading project, the gross interior exhibit area will increase with 36,000 sqm by building two new pavilions. The new pavilions will operate both as exhibiting areas and as events and congress center to host meetings and conferences. The works on Romexpo expansion and upgrading started in 2008, ...

Deutsche Telekom incubator finances Romanian startup

Wednesday, March 25, 2015

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Romanian startup, DeviceHub.net, which provides cloud services for the Internet of Things communication, has received EUR 80,000 financing from hub:raum Krakow, the Innovation Hub for the CEE region of Deutsche Telekom Group (DT). After OmniPaste, DeviceHub.net is the second Romanian start-up which receives financing from ...

Sarantis posts EUR 40 mln turnover in 2014

Wednesday, March 25, 2015

Greek Sarantis Group, which includes in its portfolio Elmiplant cosmetics, last year reported a 10.5 percent increase in turnover on the Romanian market, from EUR 39.6 million, and an over 26 percent increase of EBIT profit to EUR 2.72 million.   In 2013, the company’s turnover stood at EUR 35.8 million and EBIT at EUR 2.15 million. Romania is the third market for ...

Tarom has new board of directors

Wednesday, March 25, 2015

Tarom has appointed a new board of directors which includes Christian Heinzmann, the airline’s CEO, Valentin Iordache, the communications director of the Bucharest Airports National Company and Marcel Bolos, former head of AM POST.   The other directors are Dan Aurel Machita, Dragos Andrei, Tiberiu Ticlea and Radu Francis ...

Strong Start to the Year for Prologis in Hungary : 76,250 Square Metres Leased in Just Two Months

Wednesday, March 25, 2015

Prologis, Inc., the global leader in industrial real estate, today announced it has signed lease agreements totalling more than 76,250 square metres in Hungary, the company informs.   The agreements, which include 13,250 square metres of new leases and 63,000 square metres of lease extensions, comprise: 28,600 square metres at Prologis Park Budapest-Batta, which is a lease extension, with ...

Mondelez Romania appointed Ivaylo Naydenov as general manager

Wednesday, March 25, 2015

As of March 2015, Ivaylo (Ivo) Naydenov was appointed as general manager for Mondelez Romania, Bulgaria and East Adriatic markets. He succeeds Gerard Chandran, who decided to leave the company.    Ivo Naydenov ...

15 Romanian companies awarded for promoting sustainable energy

Wednesday, March 25, 2015

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15 Romanian companies awarded for promoting sustainable energy. A cereal grower, a car-servicing company, a manufacturer of antique-style furniture, a fruit and vegetable processor, several bakeries, a paper producer, and south-eastern Europe’s largest oil and gas producer are among the 15 Romanian companies honoured by the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) for promoting energy ...

H&M Romania opens second store in Brasov

Wednesday, March 25, 2015

Swedish clothing retailer Hennes & Mauritz (H&M) will open next week a new store in Brasov, located in Coresi Shopping Resort, this being the 39th H&M store in Romania.The store has a selling area of over 2,400 sqm and will include collections for women, men, teenagers and children.   In fiscal year 2014, ended November 30, H&M Romania sales increased by 43 percent to EUR 138 million VAT included last fiscal ...

DPD Romania’s business up 14 pct in 2014 to EUR 17 mln

Wednesday, March 25, 2015

DPD Romania courier company, owned by French group GeoPost, registered RON 75.5 million (EUR 17 million) in turnover last year, up 14 percent compared to the previous year, one of the main factors of supporting the increase being represented by the increase in online orders.   DPD recorded in 2014 a profit of RON 3.7 million (EUR 830.000), a 27 percent increase against 2013, reads a DPD ...

More ups and fewer downs on a difficult market

Wednesday, March 25, 2015

Andreas Feichtlbauer, executive director at agricultural player Biso Romania, tells Business Review how the company has overcome challenges such as adverse weather and low cereal prices and shares the results of an HR study conducted to shed light on its employer branding.   What do ten years on the Romanian market mean for Biso Romania?For Biso, ten years of presence on ...

Romanian roads and railways need full reforms of their public procurement

Wednesday, March 25, 2015

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 The National Company of Motorways and National Roads (CNADNR) and the Romanian Railways (CFR) need full reforms of their public procurement by creating separate units subordinate to the transport minister to deal with these purchases and with contract management, European Funds Minister Eugen Teodorovici said on Friday. 'The two big beneficiary companies - the greatest beneficiaries of European funds, and I think also of public funds - CNADNR and CFR, ...

Study: Romania has a fast increase in the IT and business services exports

Wednesday, March 25, 2015

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 Romania registered in 2014 a surplus in the commercial exchanges of goods and services, determined mainly by the fast increase in the IT and business services exports, according to a study remitted on last Wednesday. 'A great advantage Romania has is its position in the region and the well-trained labour force. This makes us very competitive and ranks us as an important player for the companies wanting to outsource their activity to neighbour ...

PM Ponta encouraged the German companies to expand and diversify their investments in Romania

Wednesday, March 18, 2015

Prime Minister Victor Ponta met, on Wednesday, at the seat of the Government, with members of the parliamentary friendship group Romania - Germany, led by MP Rainer Arnold, a context in which he encouraged the German companies to expand and diversify their investments in Romania. According to ...

Romania wishes to draw a larger number of Polish investments

Wednesday, March 18, 2015

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President Klaus Iohannis said on Thursday that Romania wishes to draw a larger number of Polish investments, and a greater presence of the Romanian companies on the Polish market, as well. He said he has also approached in his discussion with the Polish President Bronislaw Komorowski the ...

Romania's RegioTrans suspends operations

Wednesday, March 18, 2015

ROMANIA's second-largest regional passenger operator RegioTrans suspended all operations on March 17 after the Romanian Rail Safety Authority (ASFR) revoked the company's Part B safety certificate following a spate of incidents in recent weeks.   RegioTrans employs around 1000 staff and carried 7.9 million passengers (392.92 million passenger-km) in 2013. The company operates a number of routes across Romania, including ...

Romania’s AdePlast eyes higher sales and IPO

Wednesday, March 18, 2015

Romanian construction materials manufacturer AdePlast is aiming to increase its sales by 5% this year. In 2014, the company reported revenues of LEU 300m (€67.5m). Other plans by the manufacturer, whose product portfolio includes expandable polystyrene (EPS), include launching its initial public offering on the Bucharest Stock Exchange (BSE), reports local business daily Ziarul Financiar.   The optimistic forecast by ...

Carrefour Romania to move headquarters to Green Court Bucharest

Wednesday, March 18, 2015

  Project development and construction group Skanska signed a rent agreement with French retailer Carrefour Romania, for an area of 6,850 sqm in the second building of Green Court Bucharest. The new contract brings the B building an occupancy rate of 61.2 percent.   According to a press release, the deal was brokered by CBRE and Carrefour’s headquarters ...

Bosch to open in Blaj research-development centre for automotive technology, to hire 300 specialists

Wednesday, March 18, 2015

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Bosch Group will open this year in Blaj, where the company has three factories, a research-development centre for automotive technology, with the total number of Bosch employees in the town of Blaj to be over 1,500 by the year's end.   In order to promote career opportunities within the largest ...

Romania’s Izotec forecasts 50% rise in PVC window exports

Wednesday, March 18, 2015

Romanian PVC window and door maker Izotec Group has announced plans to significantly expand its exports to Western Europe in 2015, following the release of the company’s improved financial results for last year, reports local business daily Ziarul Financiar.   “The development of our exports department is a natural consequence of the higher demand [for our products] coming from Italy, France, Germany, the ...

Orange buys 0.92% stake in Orange Romania for EUR 10 mln

Wednesday, March 18, 2015

The French telecom group Orange acquired in 2014 a 0.92 percent stake in its Orange subsidiary in Romania from a Romanian minority shareholder and increased its shareholding from 96.82 percent to 97.74 percent, writes local paper Ziarul Financiar citing a 2014 report of the group.   The purchase of the 0.92 percent stake was signed in March 2014 and the transaction exceeded EUR 10 million, according to market ...

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