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Stabilus, Draxlmaier look at joint projects in Bulgaria, Serbia, Romania

Wednesday, December 7, 2016

German gas springs producer Stabilus and car electronics manufacturer Draxlmaier are interested in launching joint cooperation projects in Bulgaria, Serbia and Romania, the Bulgarian agency for promotion of small and medium-sized enterprises said, quoted by seenews.com. Stabilus sees enormous potential for growth and development in Bulgaria both for the company and the country's economy, the government agency said in a press release on Friday following ...

Listing the Romanian Post Company requires cleaning up the past

Wednesday, December 7, 2016

  Listing the Romanian Post Company requires cleaning up the past and a good regulation of postal services, and decision makers need to coordinate the measures taken to help the institution prosper again, the company's CEO Alexandru Petrescu said on Tuesday on the occasion of the Golden Telecom Day debate organized by the ...

Romania's anti-trust body conditionally approves eMag takeover of online IT&C retailer PC Garage

Wednesday, December 7, 2016

Romania's anti-trust regulator said it conditionally approved the takeover of online IT&C retailer PC Garage Store by local online general retailer eMag, seenews.com informs. eMag, operated by Dante International, said in April it is taking over PC Garage Store for an undisclosed price. "Following the analysis, the Competition Council found that the transaction leads to strengthening the market position of Dante ...

Austria's A-Heat invests 10 mln euro in Romanian wellness centre expansion

Wednesday, December 7, 2016

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Austria's A-Heat group said it has invested 10 million euro ($10.6 million) in a round of expansion of its Therme Bucharest wellness centre, seenews.com informs. The investment added some 4,000 sq m to the centre's Galaxy zone, which will be able to receive 2,000 visitors at once starting December 1, the company said in a press release on Monday. The total capacity of the wellness centre is 4,000 people. A-Heat opened Therme ...

More Polish and Turkish fashion retailers to enter Romania in 2017

Wednesday, December 7, 2016

Fashion retailers have continued to expand on the local market in 2016 and the trend is expected to maintain 2017 as well, according to data from real state services firm Colliers International quoted by business-review.eu. One reason for last year’s expansion has been the delivery of some 200,000 sqm of new modern retail space in Romania the highest level since 2009, according to company data. About half of this was ...

AFI Europe Romania’s Net Operating Income (NOI) of Romanian portfolio up to over EUR 34 mln in 9 months

Wednesday, November 30, 2016

AFI Europe Romania published its Q3 and first nine months of 2016 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of EUR 12 million in Q3 and more than EUR 34 million during the first 9 months of the year, representing 17 percent for Q3 and 14 percent for 9 months higher results compared to the same periods in 2015, business-review.eu reads. AFI Europe ...

Telekom Romania launches GigaWinter prepaid offer

Wednesday, November 30, 2016

Telekom Romania Mobile announced the new GigaWinter prepaid offer that consists  a monthly bonus of 8 GB data traffic. Moreover, customers have the chance to win daily and weekly prizes, telecompapwr.com informs. In addition, customers who recharge a minimum of EUR 5 credit will be automatically included in the prize contest with the chance of winning weekly and daily prizes such as Hyundai i20 cars, Sony PlayStation 4 consoles and Sony and ...

Lidl opens 20 mln euro logistics centre in western Romania

Wednesday, November 30, 2016

German discount supermarket chain Lidl said it opened a new logistics center in Lugoj, Timis county, in western Romania, following a 20 million euro ($21.2 million) investment, seenews.com informs. The new logistics centre has a total built-up area of over 45,000 sq m, a land surface of 160,000 sq m and employs some 200 people, the company said in a press release on Thursday. Lidl partnered with construction firm Bog'Art in the ...

Smartphones seen as most effective promo channel in Romania

Wednesday, November 30, 2016

Over 60 percent of companies in Romania see the internet as the main channel of promotion, according to a study by iSense Solutions, telecompapr.com reports. While 34 percent prefer brochures, 34 percent participate in fairs and conferences, and only 22 percent use smartphones to promote themselves. However, smartphones are considered the most effective promotional channel for the companies that use it, with 62 percent of the companies saying they ...

Orange Romania reaches deal on smart city project in Alba

Wednesday, November 30, 2016

Orange Romania entered into a cooperation agreement with the city of Alba Iulia's authorities for a smart city pilot project named Alba Iulia 2018, telecompaper.com informs. Orange Romania's Smart City concept comes in response to the initiative of the Ministry of Communications and Information Society (MCSI) and concerns the Digital Agenda for Romania for 2020. The costs related to the development and implementation of products for the smart city ...

RCS&RDS revenue, profit up in Q3 on mobile expansion

Wednesday, November 30, 2016

Cable Communications Systems, the parent company of Romania-based operator RCS&RDS, reported revenues up in Q3 to EUR 212.2 million from EUR 189.3 million a year ago, telecompaper.com reports. Growth came ...

Marco Pannunzio named managing director of Total Romania

Wednesday, November 30, 2016

French multinational Total, the oil and gas integrated company, has appointed Marco Pannunzio, 53, as the new managing director of the firm’s operations in Romania as of December 1, business-review.eu informs. He is replacing Franck Haettel, who will take over the global position of security coordinator for the marketing & service branch of Total in Paris. Pannunzio joined the group in 1985 and held various key positions, both in Italy and ...

Study: "The Romanian Entrepreneur face to face with the modern consumer"

Wednesday, November 30, 2016

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Over one third of Romanian companies (34 pct) still resort to leaflets and brochures to promote their business and only nearly a quarter (22 pct) promote themselves through smartphones, although it is considered the most efficient promotion channel by the companies using it, shows a specialized study, released on ...

Insolvencies in the first 10 months of 2016 , 21 percent down from the similar period of 2015

Wednesday, November 30, 2016

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The number of companies undergoing insolvency procedures in Romania in the first 10 months of 2016 was 21 percent down from the similar period of the year before, according to official data with the National Trade Register Office (ONRC). Most of the insolvencies were registered in Bucharest, specifically 1,363 (down 10.45 pct from Jan - Oct. 2015), followed by Bihor County with 468 insolvency instances (1.52 percent) and Iasi County, with 409 instances (15.21 ...

Registrations of self-employed persons and businesses over January - October 2016 , down 6.99 percent

Wednesday, November 30, 2016

Registrations of self-employed persons and businesses over January - October 2016 stood at 92,567, down 6.99 percent from the 99,521 registered in the same period of the year before, shows data released by the National Trade Register Office (ONRC). Most registrations were recorded in Bucharest: 15,290 (down 5.67 percent from Jan - Oct 2015) and in the counties of Cluj - 4,993 (down 4.92 percent), Timis - 4,109 (+ 0.49 percent) and Ilfov - 3,854 (down 7.75 ...

Bulgarian companies took part in trade conference in Romania

Wednesday, November 30, 2016

Sixteen Bulgarian companies took part in an international trade conference on electronics, metal, cable and cable protection parts, plastics & rubber, equipment services, logistics and packaging in Bucharest, Romania, focus-fen.net infoms.  The event was organised by the Association for Supply Chain Management, Procurement and Logistics (BME), the press office of the Bulgarian Small and Medium Enterprises Promotion Agency. ...

Uber expands services in Romania to Timisoara

Wednesday, November 30, 2016

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US-based multinational online transportation network company Uber Technologies Inc. announced  it expanded its services in Romania to the city of Timisoara, seenews.com informs. Timisoara, with population of some 320,000, is the fourth largest city in the country. The city is visited by more 280,000 tourists a year, the company said on its website. Uber launched its ride-sharing service in Bucharest ...

Orange Romania launches winter holiday promotion

Wednesday, November 30, 2016

Orange Romania launched a winter promotion whereby customers can subscribe to Orange Me or Orange Net mobile subscriptions between 22 November 2016 and 31 January 2017 and get smartphones at no extra cost, MB bonuses, access to 'Movie Go Unlimited' or Deezer as well as Orange VR glasses at a special price of EUR 19, telecompaper.com informs. Those customers who sign an agreement for a tariff plan and get a smartphone and Orange VR glasses also get the ...

Top 100 SEE 2016 ranking: Romania – 56 entrants with combined revenue of EUR 55.2 bln

Wednesday, November 23, 2016

The  100  biggest companies from southeast Europe had an increase in their combined revenues to EUR 102.5 billion, up by some 2 percent as compared to the revenues of the entrants in last year’st top and slightly below the region’s 2.5 percent average economic expansion, according to the 2016 ranking launched by SeeNews quoted by business-review.eu. At the same time their aggregate earnings were just 1.3 percent higher than the ...

Romania's anti-trust body approves Immofinanz takeover of Austria's CA Immo local business

Wednesday, November 23, 2016

Romania's anti-trust regulator said on Monday it approved the takeover by Austrian real estate investor and developer Immofinanz Group of the local business of real estate rental company CA Immobilien Anlagen Aktiengesellschaft (CA Immo), seenews.com informs. "Following a review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in particular by establishing or ...

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