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Romania's Cosmetic Plant raises 2016 turnover forecast

Wednesday, October 26, 2016

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Romanian company Cosmetic Plant said on Monday it expects its 2016 turnover to increase by at least 20% to some 11 million lei ($2.65 million/ 2.44 million euro), driven by expansion of its distribution network, higher exports and new products, seenews.com reports. In February, Cosmetic Plant said it expected turnover to rise by 10% in 2016. The cosmetics producer's turnover rose 20% on the year in the first nine months of 2016 ...

Orange Romania's Q3 revenues rise on strong mobile services performance

Wednesday, October 26, 2016

Orange Romania, the local unit of France Telecom's Internet and mobile arm Orange, said on Tuesday its revenues increased by 3.3% on the year to 251.1 million euro ($273.3 million) in the third quarter of 2016 due to strong performance in mobile services, seenews.com informs. Orange Romania had 10.175 million clients at the end of September, 300,000 more than in the previous quarter, but slightly down from 10.177 million at the end of ...

Court suspends obligation imposed to Vodafone Romania

Wednesday, October 26, 2016

A Bucharest Court of Appeal suspended a retroactive obligation issued by Romania's telecommunications authority Ancom against Vodafone Romania whereby the operator was told to pay back amounts over EUR 60 its customers had paid for data roaming services on alternative tariff plans, writes local paper Ziarul Financiar quoted by telecompapr.com. The court will soon issue the final settlement of Ancom's decision. In its request sent to the court to ...

Airbus Helicopters wants to create in Romania a supplier cluster which will deliver solutions and equipment

Wednesday, October 26, 2016

Airbus Helicopters wants to create in Romania a supplier cluster which will deliver solutions and equipment for Airbus Helicopters, the company's representatives announced on Monday after the meeting with the leaders of the 70 companies interested in this collaboration which was held at the new headquarters of the Gimbav factory, a release ...

IMMOFINANZ brings shopping center brand VIVO! to Romania

Wednesday, October 26, 2016

IMMOFINANZ, one of the real estate investors in Romania, introduces its retail brand VIVO! to the local market and starts the rebranding process for its four existing shopping centres, business-review.eu reads. Polus Center Cluj will become VIVO! Cluj, Maritimo Shopping Center Constanta will be known as VIVO! Constanta, Pitesti Mall will become VIVO! Pitesti and Gold Plaza Baia Mare will be named VIVO! Baia Mare. The rebranding of the fully rented ...

Romania has world's third highest talent shortage - Manpower

Wednesday, October 26, 2016

With 72% of employers reporting difficulty finding the right people to fill jobs, Romania ranks third in the 2016/2017 edition of the global survey on labour shortage conducted by U.S. recruitment firm Manpower quoted by seenews.com. The percentage of Romanian employers who have trouble finding the right employees increased to 72% in 2016 from 61% in 2015, according to the survey released earlier  this week. Moreover, the talent shortage in the ...

Deputy PM Dincu: 33 percent of SMEs say economic environment evolution hinders development

Wednesday, October 26, 2016

Deputy Prime Minister Vasile Dincu stated on Thursday on the occasion of launching a funding programme for SMEs that only 18 percent of the ones who invest in small and medium enterprises want to apply for structural funds, and 33 percent claim that the economic environment in Romania "hinders development." "We have been analyzing in the last years several ...

UK's Argo Capital Property to invest 33 mln euro in Romanian shopping park expansion

Wednesday, October 26, 2016

UK's Argo Capital Property said on Thursday that it plans to invest 33 million euro ($36.1 million) to expand its existing ERA Shopping Park in Romania's northeastern city of Iasi, seenews.com reports. The company plans to add 30,000 sq m to the existing 50,000 sq m of the shopping park, it said in a press release. "The expansion will complement the existing tenant mix with a number of new consecrated fashion retailers. ...

Study: One fifth of the business turnover reported by companies in Romania is related to companies with ties to tax havens

Wednesday, October 26, 2016

One fifth of the business turnover reported by companies in Romania is related to companies with ties to tax havens, according to findings of a KeysFin study released on Thursday. 'Barbados, Dutch Antilles, Bahamas and Belize are some of the favourite destinations of business people, not just for travelling, but particularly for business. Local as well as multinational companies have opened connections in offshore countries, where rates and taxes are very ...

SMEs, start-ups included, could access financing through the Credit Agricole Bank Romania

Wednesday, October 26, 2016

Romania's small and medium-sized enterprises (SMEs), start-ups included, could access financing through the Credit Agricole Bank Romania, up to 80pct guaranteed by the National Credit Guarantee Fund for the SMEs (FNGCIMM SA-IFN), says a release by the non-banking financial body, sent on ...

Romanian fashion retailer FashionUP acquires Click4Fashion

Wednesday, October 26, 2016

The Romanian online fashion retailer FashionUP has taken over Click4Fashion, which is active in Romania, Bulgaria, Slovenia and Hungar, http://ecommercenews.eu/ reads. With the acquisition, FashionUP wants to further expand its business operations in the region. The ...

Ariston Thermo Romania launches smart home application Ariston NET

Wednesday, October 26, 2016

Ariston Thermo has launched today the smart home application Ariston NET, that offers the clients on the local market that own mural boilers the possibility of remotely controlling them, business-review.eu reads. The temperature can be adjusted through a mobile device or from desktop. Moreover, Ariston Thermo says that it can save up to 25 percent the energy consumption. „As our lifestyle ...

Romania has a trade deficit of 1.6 billion Euro in the relation with Poland

Wednesday, October 26, 2016

The close collaboration between the business and the administration environment is very important in attracting European funds, stated on Wednesday Vice-President of the Polish Chamber of Commerce and Industry Marek Kloczko, at the Romania - Poland Bilateral Economic ...

25.4 million euro were contracted for innovation by start-up enterprises

Wednesday, October 19, 2016

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A number of 34 European projects worth 25.4 million euro were contracted for innovation by start-up enterprises, through the 2014-2020 Competitiveness Operational Programme (COP), the data of the Ministry of European Funds (MFE) ...

McDonald’s to reach 25 McCafé units in Romania by year-end

Wednesday, October 19, 2016

McDonald’s plans to expand the McCafé chain to 25 coffee shops until the end of the year and launches the first national communication campaign for this business line. The coffee chain network was developed following total investments of RON 7.5 million, business-review.eu reports. This year, McDonald’s opened four new coffee shops in Bucharest and plans to open another two in Brasov and Timisoara. “The ...

Diverta to open three new stores in Bucharest and the rest of the country

Wednesday, October 19, 2016

Retailer Diverta has expanded its network with three new stores in Targu Mures-Promenada Mall, Severin Shopping Center and Bucharest– Veranda Mall, business-review.eu informs.  „We reached a total number of five stores opened this year, both in Bucharest and within the country, reaching our expanded development for 2016. We are glad to consolidate the relation with the clients from Diverta Bucharest and from Targu Mures and from ...

US startup seeks Romanian specialists in several domains, offering tempting salaries

Wednesday, October 19, 2016

US startup Crossover wants to hire 200 people next year, most specialists in IT, but also engineers, architects and marketing specialists, romaniajournal.ro informs. The employees will apply for a 100 percent remote job, meaning a job that is done away from the office in a remote location. This could be either work done from home, or from anywhere the applicant wants. The salaries range between USD 2,500 and over USD 16,500 monthly, respectively USD ...

Alstom delivers new Coradia Polyvalent regional train for Romania

Wednesday, October 19, 2016

Alstom has built a new Coradia Polyvalent regional train for Romania as part of the Sighisoara-Simeria signalling upgrade project signed in 2014 with Romanian company CFR Infrastructura, railway-technology.com reads. The new Coradia Polyvalent dual-mode train has been designed and produced in France and is fully functional but without interior fittings. The train’s design, configuration and fitting of interiors will be ...

EY study: 89 percent of businesspeople in Romania expect higher turnover for their firms this year

Wednesday, October 19, 2016

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According to an EY study, 89 percent of the businesspeople expect the turnover of their companies to go up this year, while 7 percent expect a reduction of their business results and 4 percent mention a stagnation, business-review.eu reads. Out of those who expect an increase, 41 percent estimate a significantly positive evolution . The expectations regarding the profit evolution are also positive, as 81 ...

Up to 150 Romaero employees to be laid off

Wednesday, October 19, 2016

Romaero, the largest company in the Romanian Aerospace Industry, held by the Ministry of Economy, starts the collective dismissal of 150 employees, to cut spending in order to the financial recovery, according to the information posted by the company on its website quoted by romaniajournal.ro. Sources from the Ministry of Economy told News.ro that a ‘reform’ at executive management level is also ...

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