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Labour Minister: Romania among five countries with deficit of talents

Wednesday, December 14, 2016

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According to Labour Minister Dragos Pislaru, Romania is among the first five countries in the world with a deficit of talents, with qualified workers and engineers being some of the hardest to fill positions, business-review.eu reports. “The perception of 626 major Romanian employers Romania is placing us at an urban level among the first five countries with a deficit of talents. Moreover, compared to 2014, the perception that we have a deficit ...

The activity of enterprises from industry, construction, trade and market services, in 2015

Wednesday, December 7, 2016

43.8% of the total active enterprises had as main activity market services The highest average number of employees was registered in Industry, representing 35.5% of ...

Romanian courier firm DPD invests 1 mln euro in new logistics centre

Wednesday, December 7, 2016

Courier services provider DPD Romania has invested 1 million euro ($1.07 million) in a new logistics centre in the city of Sibiu, the company said on Thursday, quoted by seenews.com. The 4,400 sq m logistics centre in central Romania will have a sorting capacity of 50,000 parcels per day and will employ 60 people, the company said in a press release. "The decision to open a new hub in Sibiu, where DPD Romania's central hub is ...

Oechsler invests €2.5m to expand Romanian plant

Wednesday, December 7, 2016

Technical component manufacturer Oechsler is gearing up to respond to potential business growth in Romania with an expansion project at its local production plant at Lipova in the west of the country, prw.com reads. The plastics injection moulder, based in Ansbach, Germany, is enlarging its Romanian site with the addition of 4,000 sq metres of extra production and logistics capacity to meet expected demand from customers ...

Mid Europa Partners buys Profi from EI for EUR 533 mln in historic retail deal

Wednesday, December 7, 2016

Private equity fund Mid Europa Partners has taken over retail chain Profi from Polish Enterprise Investors in a deal worth EUR 533 million, business-review.eu reports. The buyer said this was the largest deal ever completed by a private equity firm in Romania and the largest retail deal in the country’s history. The transaction is pending regulatory approvals and should be finalized in the first quarter of ...

South Africa's Growthpoint to buy 26.9% of Globalworth Real Estate Investments

Wednesday, December 7, 2016

South Africa-listed real estate investment trust (REIT) Growthpoint Properties said on Thursday it will subscribe for an initial 26.9% stake in London Stock Exchange-listed Globalworth Real Estate Investment Limited, a real estate investment company targeting opportunities in Romania, following a 186.4 million euro ($197.5 million) investment, seenews.com informs. "With its subscription for new shares, Growthpoint’s significant capital injection ...

Tosmur Group Expand Footprint in Romania

Wednesday, December 7, 2016

Turkish company, Tosmur Group have announced its first project outside Turkey, the setup of a modern state of the art crystalline fructose and maltodextrin plant in Romania to be commissioned in early 2019, foodingredientsfirst.com reads. The new plant, Omnia Europe, is planned to produce 60,000 tons of maltodextrin to satisfy current and future market growing demand for high quality grades (baby food grade), and 40,000  tons crystalline fructose. ...

FCB Bucharest signs Nivea campaign featuring unconventional exhibition of portraits in Kika

Wednesday, December 7, 2016

At the start of November, the visitors of the Kika showroom in Bucharest had the surprise of an unconventional exhibition of portraits created from make-up, in the bedroom area, business-review.eu informs. The exhibition was part of the campaign #operatiuneademachierea (operation cleansing), through which Nivea attracts the attention to the importance of taking care of the skin in the right way.   Alongside the ...

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 ...

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