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Cosmetic Plant’s turnover up by 15 pct in H1 close to RON 6.8 mln

Wednesday, August 2, 2017

Cosmetic Plant, one of the main local producers of cosmetics, registered a turnover by around 15 percent higher in the first semester of 2017 than the same period of 2016, to RON 6.8 million, business-review.eu informs.  „The main factors that contributed to this evolution were the facelift of the hair care products made at the beginning of the year, as well as the international prizes gained by LiftUp. Also, the expansion of the partners ...

FrieslandCampina Romania invests EUR 1.3 mln in new production line

Wednesday, August 2, 2017

Dairy producer FrieslandCampina Romania has opened a new production line for cheese in Cluj-Napoca following a EUR 1.3 million investment, which will triple its output, business-review.eu reports. The company has a yearly investments program of over EUR 3 million to enhance production at its plants in Cluj-Napoca and Targu Mures and to develop new products under the Napolact brand. Cornel Caramizaru, the general director of ...

Teraplast group’s turnover down by 11 pct to RON 171.6 mln in H1

Wednesday, August 2, 2017

Teraplast group, the Romanian PVC operator and one of the main materials producers for constructions market, registered a turnover fall of 11 percent to RON 171.6 million in the first semester of the year, compared with the same period of 2016, and continues to be profitable, despite the unfavorable context of the blockage of environment infrastructure and the insolvency of some clients, reaching a net profit of RON 7.8 million, business-review.eu ...

Memoranda signed for between Romania and Egypt:Agriculture and the SMEs the main sectors

Wednesday, August 2, 2017

Agriculture and the SMEs (small and medium-sized companies) were among the main sectors which cooperation memoranda were signed for between Romania and Egypt, on Friday announced the Minister for the Business Milieu, Commerce and Entrepreneurship, Ilan Laufer after a meeting within the Romanian-Egyptian Joint Economic Cooperation Committee, revived after seven years of stagnation. "We want to have a relationship based on our common experience, and ...

eMAG Marketplace reports sales worth RON 350 mln in H1, targets RON 800 mln by year-end

Wednesday, August 2, 2017

The eMAG Marketplace platform has exceeded 4,000 partner stores this first semester, up by over 74 percent y-o-y and generated RON 350 million sales, according to company data quoted by business-review.eu. The eMAG offer comprises over 2.4 million products from 1,600 categories from a wide range, from household items, to toys, garden products and auto products. “The eMAG platform ensures the ...

Gov't decided to postpone for five months the enforcement of the Law on the Insolvency Procedure for Individuals

Wednesday, August 2, 2017

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The Government decided on Thursday, through an Ordinance, to postpone for five months the enforcement of the Law on the Insolvency Procedure for Individuals, so as to rigorously prepare its enforcement mechanism. According to a press release of ...

Romania's anti-trust body fines Siveco, Intrarom for rigging public tender

Wednesday, August 2, 2017

Romania's anti-trust regulator said on Thursday it has fined IT companies Siveco and Intrarom 8 million lei ($2.03 million/1.75 million euro) for rigging a public tender procedure organized by the Paying and Intervention Agency for Agriculture in 2008. The services that were to be procured envisaged information system expansion and development services and had an estimated value of 12 million euro ($13.9 million), excluding VAT, the Competition Council ...

Orange Romania's revenues rise 11% y/y in Q2

Wednesday, August 2, 2017

Orange Romania said on Thursday its revenues rose by an annual 11% to 267 million euro ($310.4 million) in the second quarter of 2017, led by stronger mobile equipment sales and increased fixed and mobile traffic, seenews.com informs. Orange Romania, a unit of France Telecom's Internet and mobile arm Orange, had 10.08 million clients at the end of June, down from 10.38 million at the end of 2016. Mobile Internet ...

The tenth year in a row of negative results for TAROM

Wednesday, August 2, 2017

Romania’s flagship carrier TAROM estimates losses of RON 41.2 million this year, down 12.3 percent year-on-year, to total revenues of RON 1.32 billion, according to the draft budget debated by the Ministry of Transport, the majority shareholder, romaniajournal.ro reports. The company’s budget shows that 2017 would be the 10th year of loss for TAROM, as the company has not recorded any profit since 2007. On end-May, ...

Starting with August, the companies with income under half a million euro will have a unitary fiscal regime

Wednesday, July 26, 2017

The judicial persons who have income under half a million euro will have, starting with August, a unitary fiscal regime, by applying tax on the income of the micro-entreprises with a view to bringing in the system those who under under specific tax, a press release of the ministry of public finances shows (MFP). MFP says that among these measures there is the creation of a unitary fiscal regime for judicial persons who have income under 500,000 euro by ...

The governmental programme in support internationalisation to start Monday, July 31 at 10:00hrs, EEST

Wednesday, July 26, 2017

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Romanian companies interested in being promoted on foreign markets can sign up for a governmental programme in support internationalisation starting Monday, July 31 at 10:00hrs, EEST; funds will be allocated on a first-come, first-served basis, Minister for the Business Environment, Trade and Entrepreneurship Ilan Laufer said on ...

Philip Morris to invest EUR 490 mln in Otopeni factory, hire 300 by end 2018

Wednesday, July 26, 2017

Philip Morris announced Tuesday plans to invest EUR 490 million in transforming its Otopeni factory into one that produces exclusively HEETS for its heat-not-burn product IQOS by 2018, business-review.eu reports. The company will also hire 300 new staff for the factory, the group’s best performing worldwide.  The announcement was made in the presence of Romanian PM Mihai Tudose. “What Philip Morris did for Romania stresses something ...

Romanian Digi buys Hungarian telecom operator

Wednesday, July 26, 2017

Romanian telecom operator Digi Communications will buy Invitel Tavkozlesi, one of the key operators on Hungary’s telecom market, with EUR 140 million, romania-insider.com reads. The transaction will be carried out through Digi’s Hungarian subsidiary. The two parts signed the contract on Friday. Invitel Tavkozlesi is part of the Hungarian group Invitel, and its main customers are residential clients, as well as small ...

EximBank and Canah International, 1 million lei financial agreement

Wednesday, July 26, 2017

EximBank and Canah International, one of the main producers of hemp seed natural products have signed a one million lei financial agreement, aimed at continuing the company's investments meant to achieve its business goals, reads a press release issued by the bank. "This cooperation is a special one, as far as we are concerned, given that we have a partner that stands as a real model of entrepreneurship. A model that demonstrates that great ideas can ...

ARIES Transilvania launches a research on the IT market situation in Cluj-Napoca

Wednesday, July 26, 2017

A research on the IT market's situation in Cluj-Napoca as compared to the one in other 8 large urban centres in Romania has been kicked off by ARIES Transilvania (Romanian Association for Electronic Industry and Software in Romania), a press release sent on Monday reads. The research aims to analyse the evolution of the industry and the specific needs of the IT companies and staff. The survey project's goal is to provide an up-to-date image for Cluj-Napoca ...

Vodafone Romania have reached EUR 178.6 million revenues in April through June 2017

Wednesday, July 26, 2017

 The revenues from services of Vodafone Romania have reached EUR 178.6 million in April through June 2017 (first quarter of British fiscal year), up 2.9pct as compared to the same period of 2016, while the customers' number made it to 9.57 million, reads a release by the company sent on ...

Monza hospital to take over the Cardoscan center from Constanta

Wednesday, July 26, 2017

Monza hospital, an important cardiovascular and intervention cardiology hospital, part of the group “Policlinico di Monza” from Italy, will take over the Cardoscan center from Constanta, business-review.eu informs. “We are glad to offer the necessary treatments in a shorter time. A part of our patients came from Constanta, so that the decision to expand in this city was a natural one. In the near future we’ll open other ...

Number of new registered companies with foreign capital up 9.3pct in first semester

Wednesday, July 26, 2017

The number of new registered companies with foreign capital has increased in the first semester of 2017 by 9.34 pct compared to the similar period of 2016, to 2,938 units, according to data of the National Trade Register Office (ONRC). The 2,948 new companies had a subscribed share capital accounting for over 18.1 million US dollar, declining by 7.72 pct ...

Competition Council approves take over of part of Astra Zeneca’s assets by Recordati

Wednesday, July 26, 2017

The Competition Council approves the take over of a part of Astra Zeneca’s assets by Recordati in order to sell pharma products Betaloc and Betaloc ZOK in Romania, business-review.eu informs. „The objective of the economic concentration operation is represented by assets and exclusive rights on the sale of three pharma products for cardio-vascular diseases, Betaloc, Betaloc ZOK and Logimax in certain European countries and Israel. ...

ONRC: Romanians set up 79,251 firms in H1, 31 pct more than in 2016

Wednesday, July 26, 2017

Romanians set up 79,251 firms in the first semester of this year, up by 31 percent versus 2016, especially due to the growth by 37.2 percent of limited liability companies (SRL), according to the data published this Wednesday by the National Trade Registry (ONRC), business-review.eu informs. In the first semester of this year, the number of new SRLs increased by 37.2 percent compared with the same period of 2016, to 56,304, according to ONRC. The SRLs ...

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