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Anghel (BVB): the Romanians doubled investment in five years: we are second out of 14 analysed markets

Wednesday, March 22, 2017

The investors on the capital market doubled in euro the investments in five years, the gross yield being 97% out of 14 markets analysed, Romania being second from this point of view stated on Saturday at the Forum for individual investors Lucian Anghel the chairman of the BVB. ‘The Romanians doubled in euro their investments in five years, the yield is 97% in euro taking into account the dividends as well. We analysed 14 regional indicators, ...

Small entrepreneurs could receive the amount of 50,000 lei, as of May, to create a visual identity

Wednesday, March 22, 2017

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Small entrepreneurs could receive the amount of 50,000 lei, as of May, in order to create a visual identity and participate in international fairs, Minister for Business Environment, Trade and Entrepreneurship Alexandru Petrescu told a press conference dedicated to problems which Romanian producers are confronted ...

 Crossrider buys Romania’s CyberGhost for EUR 9.2 mln

Wednesday, March 22, 2017

Israeli company Crossrider has bought cyber security software-as-a service (SaaS) provider Romanian company CyberGhost for EUR 9.2 million, according to SeeNews. According to Crossrider representatives, the acquisition is expected to enhance the earnings of the Israeli online distribution and digital product company. The deal is part of Crossrider’s strategy to broaden its ...

Oltenia Energy Complex to lay off thousands of employees in 2017

Wednesday, March 22, 2017

The General Meeting of Shareholders of energy complex Oltenia approved this Tuesday the company’s new plans, among which is the layoff of 1,000 employees in 2017, according to Hotnews quoted by business-review.eu. The initial plan was to lay off 2,000 staff. Fondul Proprietatea, the minority shareholder, requested the layoff of 2,000 employees, while the Energy Ministry, the majority shareholder, approved the proposal of the ...

Teamnet files for insolvency

Wednesday, March 22, 2017

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Romania's Teamnet, which has been involved in a corruption scandal over contracts for IT services, has filed for insolvency on Monday, according to data posted on the justice ministry's website quted by seenews.com. The IT company filed for insolvency at Prahova county court, data showed. "At this moment we are working on a reorganization plan. We made this decision in order to be able to maintain ourselves as a business and ...

Samsonite Romania aims to reach 100 stores in five years

Wednesday, March 22, 2017

Samsonite Romania’s turnover went up by 7 percent in 2016 compared with 2015, reaching EUR 6.88 million and aims to reach 100 stores in five years, as well as a turnover of over EUR 18 million, business-review.eu reads. Also in 2015 the company registered a growth by 15 percent compared with 2014. Samsonite Romania has already 25 stores at country level and has been present on the local market ...

Bucharest Court to start trial in Romanian Post impairment case

Wednesday, March 22, 2017

Bucharest Court can start the trial of the case concerning the Romanian Post impairment by businessman Nelu Iordache and former manager of Blue Air company, Gheorghe Racaru, the Bucharest Court of Appeal ruled on Thursday. The decision was made after the National Anti-corruption Directorate (DNA) contested the Bucharest Courthouse's decision to withdraw some ...

EY: Family businesses in Romania are still in the pioneering stage

Wednesday, March 22, 2017

Family businesses in Romania are still in the pioneering stage, something that is going to change in the upcoming years, when we expect a boost of solid family businesses, with an international development potential, that would place Romania on the world's family business orbit, stated Gabriel Stincu, executive director and family business counselor for the Transaction Advisory ...

K.O.C. has launched a 270 pumping units order from Vulcan SA

Wednesday, March 22, 2017

On 12.03.2017, at the headquarter of Kuwait Oil Company, has been signed the most important contract related to pumping units production, of Vulcan’s history, namely over 110 years of existence. The beneficiary of the 270 pumping units is the State oil company of Kuwait. The Kuwait Oil Company was founded in 1934 and it is one ...

Austrian furniture retailer XXXLutz to open three stores in Romania – report

Wednesday, March 22, 2017

Austrian furniture retailer XXXLutz will open in the autumn its first store in Romania, in the western city of Timisoara, and is considering expansion to other cities, online news portal Opinia Timisoarei reported on Wednesday, seenews.com informs. The 6,500 sq m store in Timisoara will be branded as MOMAX, the company's medium premium brand. After Timisoara, XXXLutz will open two other stores - in Bucharest and ...

Apa Nova Bucharest becomes Apa Nova - Bucharest Water Company

Wednesday, March 22, 2017

Apa Nova Bucharest becomes Apa Nova - Bucharest Water Company in order to convey a message of responsibility to Bucharest people, declared on Tuesday the general manager of Apa Nova Bucharest, Madalin Mihailovici, in a press ...

Industry, the highest insolvency risk in 2017 (analysis)

Wednesday, March 15, 2017

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Industry and constructions become more and more vulnerable, 54% and 15% of overall immobilized active stock of companies with insolvency applications registered this year coming from these sectors, according to a study made by CITR specialists in analysis and prognosis. At the end of February, 120 companies, each with active stock of over 1 million euros, already had insolvency applications in court. The accumulated number of employees from these ...

Study: One out of three Romanian companies will hire people in second quarter, 2017

Wednesday, March 15, 2017

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About a third (32%) of employers in Romania anticipate an increase of the number of employees in the second quarter of 2017, while only 7% of company representatives foresee a drop of personnel, according to a study made by human resource group ManpowerGroup, about prospects of employing labour force, published on Tuesday. Labour force demand is higher in Central and North-Western Transylvania, which includes developed and dynamic counties like Cluj, Sibiu or Brasov, while ...

Mobile loyalty&payments specialist Warply enters Romanian market

Wednesday, March 15, 2017

Europe’s Mobile loyalty&Mobile payments leader Warplyentered the Romanian market, where it offers loyalty B2C and B2B solutions. With a vast experience in Mobile Loyalty, in the banking, telecom and retail industries, Warply aims to become the first option as a partner in creating loyalty programs in Romania, business-review.eu informs. Warply offers three main pillars of services, namely loyalty, mobile ...

Sonaca Aerospace Transilvania opened in Moldovenesti - north-western Cluj County

Wednesday, March 15, 2017

 A Belgian company opened on Friday in Moldovenesti - north-western Cluj County a facility for the production of Airbus hi-tech wing components, an investment worth a total of approximately 12 million euro, said Sonaca Aerospace Transilvania General Manger Laurent ...

Continental Romania to hire 180 at Brasov factory

Wednesday, March 15, 2017

German automotive parts supplier Continental said on Friday it plans to hire over 180 people at its fuel pump production unit in the Industrial Park Ghimbav in Brasov county, in central Romania, seenews.com reports. Continental plans to expand its staff in Romania by the end of April, it said in a press release. With the consolidated production team, the company aims to reach its full production capacity of 10 million fuel pumps ...

Diverta opens new store in Constanta, reaching network of 27 stores

Wednesday, March 15, 2017

The retail network Diverta will open the first store from this year, within City Park from Constanta, reaching 27 stores at national level, business-review.eu informs. The launch will take place on March 15. The store has a surface of 200 square meters and offers a mix of personal development products and entertainment for the entire family, from books from several fields, to toys and tech and non-tech gadgets, stationary items and ...

Carrefour network reaches 298 units in Romania at end-2016

Wednesday, March 15, 2017

The French retailer Carrefour reached a network of 298 stores in Romania at the end of 2016, according to a company report quoted by business-review.eu. At the end of 2015 the group recorded 192 stores in Romania, out of which 29 hypermarkets, 110 supermarkets and 53 stores, according to News.ro. According to the presentation regarding the results from 2016, Carrefour said it increased its network in 2016 by three hypermarkets ...

Florin Jianu: the lack of the support of entrepreneurship is the real drama of the Romanian society

Wednesday, March 8, 2017

The lack of support of entrepreneurship is the real drama of the Romanian society, drama which the representatives of the authorities must be aware of in order to bring adequate measures to encourage the setting up of new companies and the extension of the development of the existing ones, considers the former minister of the business environment, commerce and entrepreneurship Florin Jianu. According to a press release of the National Council of the ...

Dutch companies open centers of excellence in research and laboratories at UPB

Wednesday, March 8, 2017

One of the most known Dutch companies on an international level, namely Fokker, Philips and Ortec, will open at the Polytechnic University of Bucharest (UPB) centers of excellence and laboratories, Rector of the higher education institution Mihnea Costoiu stated. "Today, Fokker together with Philips, the colleagues from the Embassy of the Netherlands sign the agreement which opens the collaboration in areas of aerospace engineering, electronics, ...

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