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Diverta opens new store in Constanta, reaching network of 27 stores

Wednesday, March 15, 2017

The retail network Diverta will open the first store from this year, within City Park from Constanta, reaching 27 stores at national level, business-review.eu informs. The launch will take place on March 15. The store has a surface of 200 square meters and offers a mix of personal development products and entertainment for the entire family, from books from several fields, to toys and tech and non-tech gadgets, stationary items and ...

Carrefour network reaches 298 units in Romania at end-2016

Wednesday, March 15, 2017

The French retailer Carrefour reached a network of 298 stores in Romania at the end of 2016, according to a company report quoted by business-review.eu. At the end of 2015 the group recorded 192 stores in Romania, out of which 29 hypermarkets, 110 supermarkets and 53 stores, according to News.ro. According to the presentation regarding the results from 2016, Carrefour said it increased its network in 2016 by three hypermarkets ...

Florin Jianu: the lack of the support of entrepreneurship is the real drama of the Romanian society

Wednesday, March 8, 2017

The lack of support of entrepreneurship is the real drama of the Romanian society, drama which the representatives of the authorities must be aware of in order to bring adequate measures to encourage the setting up of new companies and the extension of the development of the existing ones, considers the former minister of the business environment, commerce and entrepreneurship Florin Jianu. According to a press release of the National Council of the ...

Dutch companies open centers of excellence in research and laboratories at UPB

Wednesday, March 8, 2017

One of the most known Dutch companies on an international level, namely Fokker, Philips and Ortec, will open at the Polytechnic University of Bucharest (UPB) centers of excellence and laboratories, Rector of the higher education institution Mihnea Costoiu stated. "Today, Fokker together with Philips, the colleagues from the Embassy of the Netherlands sign the agreement which opens the collaboration in areas of aerospace engineering, electronics, ...

Romania's Arabesque invests 10 mln euro in first MatHaus retail store

Wednesday, March 8, 2017

Romanian construction materials distributor Arabesque said on Friday that it has invested 10 million euro ($10.5 million ) into the first retail store under its new MatHaus brand, which will open on March 9, seenews.com reports. The DIY store is located in the northeastern town of Iasi and will employ 100 people, Arabesque said in a press release. The 23,000 sq m store will sell a range of 25,000 products - from building ...

Mitsubishi Motors ponders investment in Romanian plant

Wednesday, March 8, 2017

Japanese car maker Mitsubishi Motors is exploring the option of making a green-field investment of around EUR 200 million in an engine plant in Romania, according to government sources quoted by ProTV, business-review.eu informs. The representatives of the ...

Holzindustrie Schweighofer Romania names Luciana Petrescu as communication director

Wednesday, March 8, 2017

Communication expert Luciana Petrescu joins Holzindustrie Schweighofer Romania, part of the Schweighofer Group, one of the top players in the European wood processing market, business-review.eu reads. Petrescu will work as communication director of the firm. “This appointment underlines our dedication towards open and clear communication, accessible to both specialists and non-specialists,” said Dan Banacu, general manager of Holzindustrie ...

Metrorex plans to switch to profit in 2017

Wednesday, March 8, 2017

Operator of the Bucharest metro system Metrorex plans to switch to profit in 2017, given that the company's own revenues in 2016 amount to 254 million lei, 5-6 percent higher compared to the previous year, while subway ridership rose to 179.1 million, company CEO Marin Aldea said in an interview with Agerpres. According to the Metrorex director, the 2016 ridership was by 5 million higher from 2015, reaching 179.1 million, ...

Over 150 US companies to promote their offer in large-scale economic mission to Romania this October

Wednesday, March 8, 2017

The Embassy of Romania to the US and the US Department of Commerce have started preparations for the Trade Winds event taking place in Bucharest between October 18 - 20 this year, the Romanian Embassy to the US informs in a release  Trade Winds is an annual US government-led trade mission, organized together with partner countries that represent an ...

Telekom Romania reported in 2016 revenues 0.14 pct higher

Wednesday, March 8, 2017

Telekom Romania reported in 2016 revenues 0.14 pct higher on the segment of landline-mobile integrated services, TV and wholesale, while the mobile services increased by 4.2 pct compared to the previous year, show the financial reports of the company, released on Thursday. The Communications Division of Telekom Romania recorded in 2016 revenues worth 602.5 million euro, up 0.14 pct against 2015. According to the source, the EBITDA adjusted ...

Profructta juice manufacturer doubled its revenue in 2016

Wednesday, March 8, 2017

The Premium Fruct juice factory in Campulung, manufacturer of the Profructta brand, saw 2016 come to a close with 110,000 Euro in revenue, which is double the figure achieved in the previous year, freshplaza.com reports. Nearly half of this revenue comes from the sale of apple juice. Business partners Marius and Criana M?c?rescu explain that this is the result of increased product diversification and the expansion to more distribution points - ...

Ford Romania to increase the number of jobs at the factory in Craiova

Wednesday, March 8, 2017

 Minister of Labor and Social Justice Lia Olguta Vasilescu had on Friday a meeting with a delegation of the Ford Romania company, run by General Manager John Oldham, at the Ministry headquarters. The discussions tackled the possibility to increase the number of jobs at the Ford factory in Craiova, according to a release of the Ministry of Labor and Social Justice (MMJS). "The discussions targeted the possibility to increase the number of jobs at the Ford ...

Cost structure, technology, new services development - magical cocktail for modernising Romanian post

Wednesday, March 8, 2017

Postal operators must accommodate the new trends, deriving from the expansion of the online environment and the Romanian Post can be more efficient by providing modern services whether it remains state-owned or it is privatized, declared Botond Szebény, Secretary General of the European Association of National Postal Operators (PostEurop), in an interview for the Agerpres National News Agency. He considers that a postal operator must be ...

Vodafone Romania launched 20 years’ brand campaign

Wednesday, March 8, 2017

Telecom operator Vodafone Romania has launched its 20 years brand campaign called „You have the power to make your future”, business-review.eu reports. The TV spot presents the story of a child from a Romanian isolated village whose dream of becoming a teacher is marked in key-moments when he was helped by the innovations in technology and the services offered by Vodafone Romania during the 20 years. The campaign will be present on TV, ...

Minister Petrescu: I will seek to turn efficient the entire network of commercial attachés

Wednesday, March 8, 2017

Romanian companies have difficulties setting up shop on foreign markets, the culture of exports is insufficiently developed and in this context I will seek to turn efficient the entire network of commercial attachés, fresh Minister for the Business environment Alexandru Petrescu said on Thursday upon taking office. "I am perfectly familiar with the business milieu 99 percent of which is made up SMEs. There are stringent issues and here I'd point out ...

Orange reported a business turnover in Romania of nearly 260 million euros for Q4 2016

Wednesday, March 8, 2017

 Telecom operator Orange has reported a business turnover in Romania of nearly 260 million euros for Q4 2016, up 3.8 percent from Q4 2015, while its customer base reached 10.338 million at the end of the year, according to the company's financial reports released on Thursday. October-December 2016, Orange Romania posted a business turnover of 259.7 million euros, up 3.8 percent from the same period of the year before, with this being the seventh ...

Gov't approved 74.052 million euro a for the financing of the Management Authority for the Operational Program SME Initiatives

Wednesday, March 8, 2017

 The government approved at its Thursday sitting 74.052 million euro as temporary allocation for the financing this February of the Management Authority for the Operational Program SME Initiatives under which financial instruments for SMEs are being implemented, the government informs. "The amount allocated by the government will provide the necessary funding for the Management Authority of the Operational Program SME Initiatives to perform the payment ...

A Romanian company included in the Inc.5000 Europe of the America magazine Inc.

Wednesday, March 1, 2017


Qualitance, a global company for technology set up in Romania in 2007 was included for the second time in the ranking Inc.5000 Europe due to the increase of its income with 165% from 2012 to 2015 The Inc.Magazine designated Qualitance as one of the European private companies with the most rapid growth, including it in its annual list which contains the biggest success companies which developed extremely quickly from 2012 to 2015. The top Inc.5000 ...

512 commercial companies initiated insolvency procedures in January 2017

Wednesday, March 1, 2017

As many as 512 commercial companies initiated insolvency procedures in January 2017, down 22.66 percent from January 2016, according to data with the National Registrar of Companies Office (ONRC). The lowest such instances were reported in Bucharest City, just 97, down 39.38 percent y-o-y. Bihor County was next, 34 (-32 percent) followed by Prahova County, 31 (+6.9 percent). The most insolvency instances were recorded in retail trade, repair ...

BCR net profit of 1.045 billion lei (232.9 million euro) for 2016

Wednesday, March 1, 2017

Banca Comerciala Romana (BCR) announced a net profit of 1.045 billion lei (232.9 million euro) for 2016, backed by business development and an improved quality of the portfolio, up from the 913.2 million lei posted in 2015, the financial institution said in Tuesday ...

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