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Romanians set up 23 pct more firms in first five months of 2017

Wednesday, June 21, 2017

Romanians set up 63,374 firms in the first five months of 2017, up by 23 percent compared with the same period of 2016, especially due to the increase by almost 24.2 percent of limited liability companies (SRL), according to the statistics published on Friday by the National Trade Registry (ONRC), business-review.eu informs.During January-May, in Romania there were 51,510 newly registered firms, according to News.ro. In the first ...

FrieslandCampina Romania’s turnover up 4 pct to RON 331 mln in 2016

Wednesday, June 21, 2017

FrieslandCampina Romania registered a turnover of RON 331 million, a growth by 4 percent compared with 2015 and recorded a profit, business-review.eu reports. This was due to the finalization of  production operations consolidations and implementation of extensive investments program in the two factories from Cluj-Napoca and Targu Mures. The results of the company were supported by ...

Continental will hire 1500 people in Romania this year

Wednesday, June 14, 2017

Continental wants to increase the number of employees in Romania by 1,500 people, this year. The company announces that they need software experts. The representatives of Continental say that this year they will hire 1,500 people in the seven units of production and four centres of research and development in Romania. ‘The sector automotive is under continuous change.It is  necessary to have software experts, as well ...

Romanian ops of KFC, Pizza Hut, Pizza Hut Delivery move under Sphera Franchise Group

Wednesday, June 14, 2017

US restaurants chains KFC, Pizza Hut and Pizza Hut Delivery units in Romania will operate under Sphera Franchise Group, the newly created company said on Monday, seenews.com informs. The new group will also include fast food chain KFC's operations in Moldova and in the northeastern part of Italy, Sphera Franchise Group said in a press release. Prior to the creation of the new company, the three fast-food chains were part of the ...

Avangate to hire 45 IT specialists for its office in Romania

Wednesday, June 14, 2017

Avangate (soon 2Checkout), the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, with Romanian roots, which recently acquired the 2Checkout global payment processor, will hire 45 IT specialists for the Romanian office in the next two months, romaniajournal.ro informs. According to a press release, most of the positions target young professionals who want to specialize in activities such as risk analysis and ...

GlaxoSmithKline to invest EUR 10 million in Romania

Wednesday, June 14, 2017

According to GlaxoSmithKline Romania General Manager Andre Vivan da Silva, the company will invest EUR 10 million in Romania over the next couple of years, business-review.eu informs. “Our company has a strong footprint in Romania,” da ...

FONDUL PROPRIETATEA WARNS ON THE ‘BLACK LIST’ OF SOEs THAT MAY BE EXEMPTED FROM THE LAW ON CORPORATE GOVERNANCE

Wednesday, June 14, 2017

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 On June 6th, 2017, the Senate voted for a list of Romanian state-owned companies, including CE Oltenia (a supplier of one third of the country’s electricity needs), to be exempted from the law on corporate governance, a statement sent by Fondul Proprietatea reads. At the time of writing, the draft law was on its way to the Chamber of Deputies which is the final decision-making body approving this exemption. In addition, we are legitimately concerned that the list ...

Turkish Exporters' Assembly: 14,000 Romanian-Turkish joint ventures in Romania

Wednesday, June 14, 2017

 Turkey is Romania's top-ranking extra-EU trading partner, which is why we attach special attention to the economic partnership with your country, Secretary of State with the Ministry of Business Milieu, Commerce and Entrepreneurship Stelica Fudulea said on Tuesday, attending the conference organized by the Turkish Exporters' ...

Romania's Teraplast acquires Serbian sandwich panel maker

Wednesday, June 14, 2017

Romanian plastic products manufacturer Teraplast [BSE:TRP] said on Wednesday it has acquired Serbian sandwich panel producer Interlemind for 4.3 million euro ($4.8 million), seenews.com reports.  "Teraplast will invest this year 11 million euro in Serbia, amount that includes the value of the plant acquisition, investments of 2.7 million euro in development and working capital of 4 million euro," the Romanian company said in a ...

Turnover of Romania's software and IT services sector increased 11.3 pct în 2016

Wednesday, June 7, 2017

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The turnover of Romania's software and IT services sector last year increased 11.3 pct to 3.6 billion euro from 2015 and forecasts show that in 2017 the industry will exceed 4 billion euro, shows the 4th edition of the Software and IT Services in Romania report released on Tuesday by the Software and Services Industry Association ...

Dedeman buys AFI Park for EUR 164 M

Wednesday, June 7, 2017

AFI Europe signed a pre-agreement to sell AFI Park 1-3 office buildings to Dedeman, the leading company in Romania in the DIY retail segment, a press release informs. The agreement also includes an option to sell AFI Park 4&5. The total price for AFI 1-5 is approx. EUR 164 million. “Once this transaction is completed, it will be AFI Europe’s first sale transaction in Romania. An important milestone from our point of view as an ...

CEO of ArcelorMittal Galati : We can produce the entire amount of steel necessary to carry out the BRUA gas inter-connector

Wednesday, June 7, 2017

ArcelorMittal can produce at southeastern Galati the entire amount of steel necessary to carry out the BRUA gas inter-connector (Bulgaria-Romania-Hungary-Austria), Bruno Ribo, CEO of ArcelorMittal Galati told ...

60 pct of Romanian companies plan to increase their cybersecurity budget in the next financial year

Wednesday, June 7, 2017

About 60 pct of Romanian companies plan to increase their cybersecurity budget in the next financial year, 20 pct want to maintain their budget at the current level and 23 pct don't yet have a clear idea of their future budget, found the Security in the Digital World survey by PwC Romania and Microsoft Romania released on ...

French investment community interested in Romania’s sustainable urban development

Wednesday, June 7, 2017

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The development of the urban area in Romania is one of the topics of interest for the French investment community, business-review.eu informs. Thus, the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), has recently organized an event aiming to put out relevant solutions for the urban management of cities in Romania. “A durable city has to provide a satisfying balance between three performance ...

Ascendis Health completes acquisition of Romania's Sun Wave Pharma

Wednesday, June 7, 2017

South African over-the-counter (OTC) healthcare products manufacturer Ascendis Health Limited said it has completed the acquisition of Romanian alternative medicine products distributor Sun Wave Pharma, seenews.com informs. Ascendis Health Limited concluded the acquisition for a total consideration of 16.35 million euro ($18.4 million) on June 2, the South African company said in a filing with the Johannesburg Stock Exchange last ...

Penta-backed pharmacies chain Dr. Max launches in Romania

Wednesday, June 7, 2017

Pharmacies chain Dr. Max pharma, which is present in the Czech Republic, Slovakia, Poland and Serbia, has launched its operations in Romania through its legal entity RockyFarm SRL, business-review.eu reports. RockyFarm SRL will take over pharmacies from the networks of Fastpharm SRL, Iezer  Farm  SRL,  Panpharma Med SRL  and  York Farm  SRL.  Based on these contracts, the pharmacies will operate under the brand Dr. ...

Veolia investigated in France over Romania bribery accusations

Wednesday, June 7, 2017

The French police anti-graft department Oclciff started the investigation in November last year, French multinational Veolia to see if it was aware of alleged corrupt practices by its Romanian subsidiary, Apa Nova, following a tip-off from a whistleblower in the company, http://en.rfi.fr/ informs. Quoted sources ...

Minister Petrescu met representatives of JETRO to discuss development of large-scale infrastructure projects

Wednesday, June 7, 2017

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Romania's Minister of the Business Milieu Alexandru Petrescu discussed on Wednesday with representatives of Japan's External Trade Organization (JETRO) plans of Japanese companies to get involved in the development of large-scale infrastructure projects, the Ministry of Business Milieu, Commerce and Entrepreneurship said in a ...

Michelin - 40 years of development that continues with michelin’s recent investment at the Zalau tyre plant

Wednesday, June 7, 2017

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* 40 years history of plant activity * 33 million euros invested with the new development project * 100 new jobs at Michelin Zalau Tyres The Michelin tyre factory in Zalau is celebrating its 40th anniversary, the company said în a press release sent to ACTMedia. The factory started its activity in 1977 with the production of tyres and air tubes under the Silvania name, ...

Danone Romania posts RON 16 mln profit in 2016

Wednesday, June 7, 2017

Danone, the world’s largest yoghurt maker, posted a  profit of RON 16 million in 2016, in Romania, while its revenues amounted to RON 479 million, business-review.eu informs.  “Danone’s business results in Romania in 2016 offer a basis for sustainable further development of the business and for local investments, including in the Bucharest factory and the development of our local partners delivering our milk. Danone ...

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