Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Companies

Bell Helicopter signs Memorandum of Understanding with IAR - Ghimbav Brasov

Wednesday, November 16, 2016

161116101501311_AH_1ZViperd.jpg

* Romanian aerospace manufacturer will engage with American manufacturer to discuss potential collaboration on AH-1Z Viper attack helicopter  Bell Helicopter, a Textron Inc. (NYSE: TXT) company, is pleased to announce the signing of a Memorandum of Understanding ...

Carrefour hypermarket opens  31st store in Romania

Wednesday, November 16, 2016

Carrefour Romania opened a new hypermarket in the Veranda shopping centre, Bucharest, internationalsupermarketnews.com reads. The Veranda Carrefour hypermarket is Bucharest’s 12th, and the country’s 31st overall. The new store, opened on 27 October,  boasts a sales area of 7500 m² and a car park with space for 1200 cars. It employs 330 people. Carrefour Veranda has a number of new features – including a special Snack area where customers can relax while ...

Romania's antitrust body approves Swiss MET Group's takeover of Repower

Wednesday, November 16, 2016

Romania's anti-trust regulator said on Thursday it had approved the takeover of the local business of Swiss energy group Repower by Switzerland-based natural gas and power supplier MET Group, seenews.com reads. At the end of July, Repower said it had sold its Romanian operations to Swiss MET Group for an undisclosed sum. "Following a review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in ...

Romania business services sector might reach 200,000 jobs by 2020

Wednesday, November 16, 2016

The business services sector in Romania could reach 200,000 jobs in 2020, according to an estimate included in the Europe’s Business Services Destination, the report published by the Association of Business Service Leaders in Poland, quoted by business-review.eu. According to the report, Romania currently has 265 business services centers, including business process outsourcing (BPO), IT and R&D. ABSL Romania estimates that 109,000 employees ...

Three out of four companies in FMCG sector risk insolvency in next 12 months (study)

Wednesday, November 9, 2016

16110910591306fmcg.jpg

Three out of four companies in the consumer goods sector (FMCG) have above average insolvency risk in the next 12 months, according to a market analysis presented by Coface and EY. According to the document “Analysis of consumer goods with big circulation speed (FMCG)”made by the international credit insurance company Coface and the consulting and audit company EY, in partnership with the Academy of Economic Studies, over the last 7 years ...

Improved business climate, personal freedom keep Romania in top 50 in Legatum Prosperity Index

Wednesday, November 9, 2016

An improved business environment, more personal freedom and efforts to improve governance have helped Romania keep its 50th position in the 2016 Legatum Prosperity Index issued in November, seenews.com reports. "Since joining the EU in 2007, Romania has seen a gradual improvement in its delivery of prosperity, outperforming Bulgaria, who joined the EU in the same year," the Legatum Institute said in a summary of its annual global ranking which includes ...

MARKS & SPENCER ANNOUNCES PROPOSALS TO CLOSE ITS STORES IN ROMANIA

Wednesday, November 9, 2016

161109110011Mands.gif

Marks & Spencer announces this Tuesday that it will be entering into consultation with its employees regarding proposals to close its six stores in Romania, a statement sent by the company informs. The proposals have been developed by Marks & Spencer following a comprehensive review of its 466 International stores in order to build a clear picture of its business today and what is driving results. The review has looked at the performance and ...

Polish players gain prominence in Romania – close to EUR 500 mln in FDI

Wednesday, November 9, 2016

A growing number of Polish companies have been venturing into Romania in the past few years. Close to 450 firms have launched local operations in search of new growth avenues outside their home market, business-review.eu reads. The local business environment already has some key figures of Polish origin, especially on the capital market. For instance, the head of the Bucharest Stock Exchange (BVB), Ludwik Sobolewski, came to Bucharest in 2013 after ...

Active dealmakers on the local market

Wednesday, November 9, 2016

The financial and retail sectors have seen some deals that have involved Polish players in the past few years. For instance, last year AmRest Holdings took over the Starbucks franchise in Romania and Bulgaria, in move estimated at EUR 16 million. This summer, the Polish operator of the franchise reported a 25 percent increase in gross earnings in Romania, the highest among countries where AmRest operates the coffee shop ...

EY: Romania exits Top 40 on most attractive renewable investment destinations

Wednesday, November 9, 2016

Romania is not among the 40 most attractive destinations for renewable investments, according to a report by professional services firm EY, quoted by business-review.eu. The country has lost its 34 place that it had last year and is not among the most attractive markets for new green energy investments. “The drastic correction of the support scheme for electricity produced from renewable sources and the uncertainties ...

Newly established companies on foreign capital in the first nine months of 2016 went down 11.6 percent

Wednesday, November 9, 2016

161109110142958_companies_with_foreign_capital_registered_in_January_February_2014_business_news_rbex.jpg

The number of newly established companies on foreign capital in the first nine months of 2016 went down 11.6 percent, compared with the similar period of last year, to 3,946 companies, according to the National Trade Registry Office (ONRC) ...

Sanofi head in Romania says company remains committed to local market despite planned sale of Zentiva plant

Wednesday, November 9, 2016

The French group Sanofi has announced that until theZentiva plant in Bucharest will be sold, as part of the strategy to spin-off its generics drugs operations in Europe, the company will continue to operate as usual, business-review.eu reports.  Emmanuelle Valentin, general ...

RE/MAX Romania opens first office in Constanta

Wednesday, November 9, 2016

RE/MAX Romania has entered the Constanta real estate market by opening its first office following an investment that exceeds EUR 20,000, business-review.eu informs. Opened in October, the RE/MAX Prestuge office is owned by Nicoleta Mihai. According to Mihai, at beginning 2016 in Constanta the supply of properties put up for sale, namely 3,000 properties, exceeded the demand. “That is why, the real estate market ...

Renault Group to have new HQ building in Bucharest by 2019

Wednesday, November 9, 2016

Renault Romania Group has announced that it will relocate its employees in a new office building in the western part of Bucharest by 2019, business-review.eu informs. „When we chose the location we took into account both the daily mobility of our colleagues towards other locations of the Group, the industrial platform from Mioveni and the technical center Titu through the exit on the Bucharest- Pipera highway,” said Yves Caracatzanis, ...

Netherlands company 3D Hubs acquires Romania printing startup Printivate

Wednesday, November 9, 2016

Dutch 3D printing marketplace giant 3D Hubs is buying Transylvanian startup Printivate, the companies announced last week, geektime.com informs. Printivate Founder and CEO Adrian Muresan will become 3D Hubs’ ...

Olympus milk factory in Romania works at 60 percent of total capacity

Wednesday, November 9, 2016

Dairy maker Olympus uses its milk factory from Halchiu, Brasov, at 60 percent of its total capacity, since opening it five years ago, business-review.eu reports. The milk factory constructions from Halchiu was finished in 2011 with a greenfield investments estimated at EUR 55 million. The factory has a surface of 25,000 square meters and has a modern technology for the reception and processing of milk at European ...

Greg Konieczny: Hidroelectrica, Bucharest airport, Constanta Harbour and Salrom should be on the stock exchange as soon as possible

Wednesday, November 2, 2016

Hidroelectrica, Bucharest airport, Constanta harbour and Salrom should get on the stock exchange as soon as possible, stated on Monday Greg Konieczny, the vice chairman of Templeton Emerging Markets Group and manager for portfolio of the Fond Proprietatea in a press conference. ‘We had an increase of the net assets of 1% and the main contribution came from the non-listed state-run companies Hidroelectrica, Bucharest airport and Constanta harbour, ...

The rate of new companies will increase by at least 30-35 percent following the elimination of some fees and duties

Wednesday, November 2, 2016

The new companies setting up rate will grow on average by 30-35 percent following the elimination of fees approved by Parliament at the end of October, a release of the National Council of Private SMEs in Romania (CNIPMMR) remitted on Tuesday ...

Billa supermarkets will disappear from Romanian market by next year

Wednesday, November 2, 2016

By the end of 2017, Billa supermarket brand will disappear from Romanian market, internationalsupermarketnews.com reports. Jean Baptiste Dernoncourt, Executive director of the French group Carrefour in Romania said that the Billa stores will operate under the Carrefour brand. Carrefour took over the Billa network of 86 supermarkets from its previous owner German group Rewe in 2015. Supermarkets Billa Romania has a turnover of EUR 300 million and 3,000 ...

Lidl increases wages in Romania and Slovakia

Wednesday, November 2, 2016

German discounter Lidl has increased its minimum wage by 30% in Romania, internationalsupermarketnews.com informs.  The supermarket has also increased its salaries in Slovakia which would benefit its 3,800 work force in the country. Lidl Romania has about 4,000 employees in the country. Lidl increased the minimum wage in Romania with effect from 1st of October. Any full-time employee, whether working in shops or warehouses earns at least ...

Premium News

Daily

Thursday, May 25, 2017

Financial & Banking

Monday, May 22, 2017

Economic

Tuesday, May 23, 2017

Companies

Wednesday, May 24, 2017

Energy & Environment

Thursday, May 25, 2017