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Renault gets European money in Romania for the systems of virtual reality

Wednesday, October 12, 2016

Renault contracted a European project for systems of virtual reality for the development of the new models of vehicles, say the data of the ministry of European funds (MFE). In Action 1.1.1.Big infrastructures of Research, Development in the Operational Programme Competitiveness (POC) were contracted 14 projects of almost 35.2 million euro for the creation and equipment of new research centres or the modernisation of the existing ones and the development of innovation ...

Universum Student Research Romania 2016: Professional training and secure employment make companies attractive

Wednesday, October 12, 2016

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Romanian students would most like to work in the manufacturing industry. For students of economics, Apple, Google and BMW are the most attractive employers. BMW, Continental and Volkswagen, on the other hand, are top ranking among aspiring engineers, a press release sent to ACTMedia by Universum reads. Employers are particularly attractive to students when they offer professional training and further education. These are the results of Student Research ...

Google names new CEO of Romanian subsidiary

Wednesday, October 12, 2016

The Romanian subsidiary of US technology giant Google said on Tuesday it had named Elisabeta Moraru as its new CEO, seenews.com informs. Elisabeta Moraru is replacing Dan Bulucea, who took an international role as Google’s new business manager for the Asia-Pacific (APAC) region in June, Google Romania said in a press release. Moraru has been working for Google Romania since April 2012 as industry manager and has 15 years ...

Jumbo's net profit in Romania soars, to open two stores by end-2017

Wednesday, October 12, 2016

Greek toy retailer Jumbo on Tuesday reported a 151% rise in FY 15/16 net profit of its Romanian unit and said it would add two stores in Romania by the end of 2017. Jumbo posted a net profit of 13.9 million euro ($15.6 million) in Romania for the financial year 2015-2016 that ended on June 30, up from 5.53 million euro in the previous year, the company said in an annual financial report published on Monday. The net sales of ...

Greece's Yioula agrees sale of Romanian glass maker Stirom to Portuguese group BA Vidro

Wednesday, October 12, 2016

Romanian glass maker Stirom [BSE:STIB] has said its Greek parent Yioula has entered into an agreement to sell the company to Portuguese group BA Vidro for an undisclosed sum, seenews.com informs. The transaction is expected to be closed by the end of the year subject to approval from Romania's anti-trust body, Stirom said in a statement filed with the Bucharest Stock Exchange, BVB, on Monday. Yioula is selling substantially all ...

Xerox launches DocuShare 7.0, an ECM solution, at Internet & Mobile World 2016

Wednesday, October 12, 2016

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 Xerox Romania launched Xerox® DocuShare® 7.0, the latest version of the company’s Enterprise Content Management (ECM) platform, at Internet & Mobile World 2016, the company informs în a statement sent to ACTMedia. The solution enables companies to implement a powerful content management mechanism, in order to better administer documents and for improved productivity. ”We are pleased to begin ...

Amazon revamps Romanian development centre, to hire 400 by 2019

Wednesday, October 12, 2016

US online retailer Amazon said on Thursday it has revamped its development and technology centre in the eastern Romanian city of Iasi, and that it plans to hire some 400 people in the next three years, seenews.com reports. The 13,000 sq m centre now includes four departments - Technology Development, Compliance Operations, Retail Services and Digital Imaging - involved in developing, innovating and consolidating operations Amazon's website, the company ...

German car parts maker Eberspaecher opens plant in Romania

Wednesday, October 12, 2016

German car parts maker Eberspaecher Group opened on Thursday an exhaust technology plant in the Romanian northwestern city of Oradea following an investment of 14 million euro ($15.6 million), seenews.com reports. The plant will produce catalytic converters and exhaust silencers for European automobile manufacturers, Eberspaecher said in a press release. The group plans to bring the final investment at Oradea to 32 million ...

ABB introduces its dual arm robot YuMi to Romania

Wednesday, October 12, 2016

ABB, the leading power and automation company,  announced on October 5 that YuMi, the world’s first truly collaborative robot, will be showcased at Magi*k, an interactive exhibition which opened this Thursday and runs through November 15, 2016 at the Sala Dalles in Bucharest, business-review.eu informs. Magi*k is part of “Creative Sweden,” an event focused on design, technology, science, education, authenticity and innovation and ...

Romania has 100,000 out of 600,000 outsourcing employees in the CEE

Wednesday, October 12, 2016

Romania hosts over 100,000 of the 600,000 employees in the outsourcing industry in Central and Eastern Europe, according to data released by the real estate consultancy Colliers International, business-review.eu informs. „The perception about Romania among outsourcing companies has changed considerably in the past years, and our country has shown that it is a successful destination, both in terms of human resources quality and cost with ...

Ana Dumitrache becomes co-country head of CTP Romania

Wednesday, October 12, 2016

CTP has appointed Ana Dumitrache as co-country head for CTP Romania, business-review.eu reports. She will coordinate operations with CTP CEO, Remon L. Vos. Dumitrache has a experience in real estate and finance, with a career in banking. She worked in Romania banks and she cooperated with top developers in the CEE. As co-country head, she will be responsible for funding, finance & accounting, focusing on business ...

Bogdan Nitu named director of business division at UPC Romania

Wednesday, October 12, 2016

UPC Romania, the cable communications operator, announced on Tuesday that starting from October, the new director of the business division is Bogdan Nitu, a manager with 20 years’ worth of experience in companies such asOrange and Philips, business-review.eu reads. Nitu started his career in sales and then got into top management positions and coordinated the entire financial, commercial, marketing, production, quality, logistics and HR in ...

200 SMEs will be granted funds through the "Scale Up" state aid program

Wednesday, October 12, 2016

Approximately 200 beneficiaries will be granted funds through the "Scale Up" state aid program, worth 900 million lei, destined to the SMEs, State Secretary with the Economy Ministry Claudiu Vranceanu estimates. The "Scale Up" program was discussed on ...

Top 10 the biggest companies in insolvency in the last five years

Wednesday, October 5, 2016

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The top of the ten biggest companies in insolvency between 2011 – 2015 is led by the electricity producer Hidroelectrica, followed by the Roment industrial group and the chemical unit Oltchim, says Ziarul Financiar. Out of the ten companies in the top, three are already bankrupt and one is written out so that almost 5,000 work places disappeared from the economy. One company, Hidroelectrica managed to get out of the payment incapacity, according ...

Top 300 of the biggest companies in Romania with business of over 1 billion lei annually

Wednesday, October 5, 2016

The first 300 companies in Romania had last year a turn over of 440 billion lei (100 billion euro) up by 4% against 2014. The result represents a third of the total turnover of the local companies (1,222 billion lei in 2015) and the growth of the big companies is in line with the total business growth. Automobile Dacia was in 2015 for the third time in a row the biggest company in Romania according to the turnover surpassing OMV Petrom SA. Dacia had ...

KPMG in Romania announces trio of new appointments

Wednesday, October 5, 2016

KPMG in Romania is pleased to announce a trio of new appointments with effect from 1 October 2016, as René Sch?b joins the firm as Partner and Tracey Walker and Ionut Mastacaneanu are promoted to Directors, a statement sent to ACTMedia informs. René Sch?b, Partner, Taxation Services With more than 17 years’ experience, out of which nine as Managing Partner of other international ...

First national forum dedicated to Smart systems

Wednesday, October 5, 2016

The Diplomat-Bucharest magazine organized on Thursday, the 29 of September, in Bucharest – Hotel InterContinental Bucharest-Ronda Hall, starting at 8.30 am, the first national forum dedicated to Smart systems. The conference was encouraged by: Platinum partner CEZ Group, Gold partners ETA-2U, ORANGE, TEAMNET and UBER, having AMR, ANCOM, ANRE as institutional partners and being supported by ACUE, AFEER, ...

Polish KRUK has 600 employees in Romania

Wednesday, October 5, 2016

The general director of  KRUK Romania, the debt collection firm, said during the first Polish Investors Forum organized by Business Review on Monday, that the company employs 600 people locally, business-review.eu informs. „Romania was the first foreign ...

Vodafone Romania fined RON 50,000 by consumer body

Wednesday, October 5, 2016

Romania's national authority for consumer protection (ANPC) fined Vodafone Romania with RON 50,000 (EUR 11,200) for using deceitful commercial practices for two prepaid offers, telecompaper.com informs. The first of these included a fixed number of calls,  and MB and was available for 28 days. ANPC concluded after an analysis that end-users' calling services were unjustly restricted while they were in the product's availability period because ...

Insolvency in the first eight months of this year, down by 20.65 percent

Wednesday, October 5, 2016

A number of 5,455 companies entered insolvency in the first eight months of this year, decreasing by 20.65 percent compared to the same period of 2015, the National Trade Register Office (ONRC) data reveal. Most of the cases were recorded in Bucharest, namely 1,113 (-12.36 percent compared to the period January-July 2015), the capital being followed by Bihor County with 379 (+2.16 percent) and by Iasi County with 330 (+17.86 percent). Depending on the ...

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