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Polish KRUK has 600 employees in Romania

Wednesday, October 5, 2016

The general director of  KRUK Romania, the debt collection firm, said during the first Polish Investors Forum organized by Business Review on Monday, that the company employs 600 people locally, business-review.eu informs. „Romania was the first foreign ...

Vodafone Romania fined RON 50,000 by consumer body

Wednesday, October 5, 2016

Romania's national authority for consumer protection (ANPC) fined Vodafone Romania with RON 50,000 (EUR 11,200) for using deceitful commercial practices for two prepaid offers, telecompaper.com informs. The first of these included a fixed number of calls,  and MB and was available for 28 days. ANPC concluded after an analysis that end-users' calling services were unjustly restricted while they were in the product's availability period because ...

Insolvency in the first eight months of this year, down by 20.65 percent

Wednesday, October 5, 2016

A number of 5,455 companies entered insolvency in the first eight months of this year, decreasing by 20.65 percent compared to the same period of 2015, the National Trade Register Office (ONRC) data reveal. Most of the cases were recorded in Bucharest, namely 1,113 (-12.36 percent compared to the period January-July 2015), the capital being followed by Bihor County with 379 (+2.16 percent) and by Iasi County with 330 (+17.86 percent). Depending on the ...

Saint-Gobain Building Glass Romania – Balance after 10 years: 180 million euros investment and permanent business growth

Wednesday, October 5, 2016

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? The company owns one of the largest greenfield investments in Romania after '90 ? Company’s business will reach more than 80 million euros this year ? 60% of the company's business goes to exports ? 50% of the company’s turnover directed to the residential ...

Pirelli celebrated ten years of presence in the Romanian industry

Wednesday, October 5, 2016

The Italian Group Pirelli celebrated on Friday ten years of presence in the Romanian industry and due to this occasion the company's representatives announced new investments for the next years, including the fact that "they are thinking" about constructing a new bicycle tires ...

Government prepares a state aid scheme with budgetary allocation of approximately 900 million RON

Wednesday, October 5, 2016

The Government prepares the introduction of a state aid scheme with budgetary allocation of approximately 900 million RON, starting 2017 until 2020, that will aim at medium investments, Prime Minister Dacian Ciolos announced on Friday during a visit to the Pirelli factory in ...

Gov't endorsed the methodology of enforcement of the Emergency Ordinance on the Corporate Governance of public enterprises

Wednesday, October 5, 2016

The government on Wednesday endorsed the methodology of enforcement of the Emergency Ordinance on the Corporate Governance of public enterprises, informs a release sent ...

Telekom Romania, in talks with 10 municipalities for smart cities pilot projects

Wednesday, October 5, 2016

Telecom operator Telekom Romania is currently looking to replicate the first pilot project rolled out under the smart cities concept in Bucharest this spring, business-review.eu reads. “We are talking with 10 municipalities on doing similar pilot projects,” said Timos Tsokanis, chief technology and information officer, Telekom ...

Companies with assets of over 600 million euro in industry got into insolvency in 2016

Wednesday, September 28, 2016

The industry occupies the first place in the top of economic sectors marked by the procedure of insolvency between January – August 2016 they accumulating approximately 45% of the total of insolvencies recorded at national level, according to an analysis made by CITR. The society with a portfolio of over 850 procedures, made an analysis of the dominating sectors on the market of insolvency among the companies with impact in economy ( companies ...

Atos opens new security operations centre in Romania

Wednesday, September 28, 2016

 Atos, through its commercial brand Bull, opened a new 'Security Operations Center (SOC)' in Romania, which is its 13th SOC worldwide, telecompaper.com reads. The opening of the Security Operations Center in Timisoara, Romania, will support significantly the rapid growth of Atos global customer base. The new SOC already provides protection, detection and response security services to over 20 global customers, completing furthermore assistance ...

CCIFER celebrates 20 years of existence in Romania

Wednesday, September 28, 2016

The French Trade and Industry Chamber in Romania (CCIFER) celebrated 20 years of existence in Romania on September 24 during a special gala, with the theme “Pas-de-deux”, business-review.eu reports. “CCIFER is a French-Romanian business community, organized around a common value and common interest. We are preparing for the next 20 years in Romania and we started two weeks ago a French-Romanian business meeting “Rencontres ...

Over 60,000 employees on the Romanian outsourcing market

Wednesday, September 28, 2016

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Over 60,000 employees work in the local outsourcing sector, on a market estimated at EUR 1.2 billion, which increases by at least 20 percent every year, even if the salaries are still at a low level, according to Smartree, one of the outsourcing company from the Romanian market, business-review.eu reports. The local outsourcing market is represented by Shared Service Centers (SSC) offices, which cover the outsourcing activities of several business ...

Debts of the Romanian companies to the state budget increased 5.6 times in the last year

Wednesday, September 28, 2016

The debts of the Romanian companies to the state budget increased 5.6 times in the last year, from 13 billion RON to 84 billion RON, according to a study by Creditinfo, presented in a press ...

Competition Council approves Polisano pharmacies takeover by Sensiblu

Wednesday, September 28, 2016

Romania’s Competition Council has approved the transaction according to which Sensiblu took over 78 pharmacies owned by Sibpharmamed SRL, part of Polisano group, according to the institution’s Facebook page quoted by business-review.eu. The Council has evaluated this operation from the compatibility point of view with the competition environment and has concluded that it doesn’t bring significant obstacles in the competition from the ...

Continental invests EUR 6 M in a new R&D center in Brasov

Wednesday, September 28, 2016

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Continental AG, the leading German automotive manufacturing, inaugurated on Tuesday a new center for research and development (R&D) in Romania at Brasov, following a EUR 6 million investment, a press release informs, romaniajournal.ro reads. “Continental has invested in a new engineering center because we develop software and innovative products in Romania for the automotive industry. We have 5,000 engineers in Romania which develop products ...

Turkish Arçelik Group appoints Nihat Bay?z as new CEO for Arctic

Wednesday, September 28, 2016

Turkey’s Arçelik Group appointed Nihat Bay?z as the new CEO of Arctic, home appliance market leader in Romania as of September 2016. Bay?z will be taking the helm from Hasan Ali Yardimci, who was promoted to president, Beko USA Inc. position at Arçelik Group, the parent company of Arctic. Bay?z has been part of the Arçelik Group for 22 years assuming leadership positions in R&D, product, factory ...

PM Ciolos: Romanian economy forecasted to grow by 4.8 percent in 2016

Wednesday, September 21, 2016

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According to forecasts, the Romanian economy will grow by4.8 percent in 2016. Romanian PM Dacian Ciolos is presenting to the Parliament the outlook of the Romanian economy at the request of Social Democratic Party (PSD)chair Liviu Dragnea, business-review.eu reports. In 2016 the Romanian economy will grow by 4.8 percent,exceeding the initial forecast of 4.2 percent, PM Ciolos told the plenum of the ...

Government and Proprietatea Investment Fund are to capitalize Romanian Postal Company at 50 million euros

Wednesday, September 21, 2016

Romanian Government and Proprietatea Investment Fund are to capitalize Romanian Postal Company at 50 million euros, in order to pay its outstanding taxes and debt and sell a minority stake on the stock market, Chair of the Competition Council Bogdan Chiritoiu said on ...

Brexit consequences: the auto companies intend to move their development centres to Romania, Bulgaria and Hungary

Wednesday, September 21, 2016

The car producers intend to move their research centres to Eastern Europe after the vote in favour of Brexit in the UK to decrease costs and to keep free access to the European market, says the Guardian. Recruitment companies look for qualified personnel and executive managers who could lead research and development teams in Bulgaria, Hungary and Romania. The change of direction to Eastern Europe of the last years intensified ...

Linde Gaz investments in Romania total EUR 315 mln in 20 years

Wednesday, September 21, 2016

Linde Gaz Romania, the industrial gases company, has invested more than EUR 315 million since 1996 and now has a team of almost 500 specialists in sectors including chemicals, glass, energy, food, pharmaceutical and medical, petrochemical and refining, hydrogen, steel and metal fabrication, business-review.eu reports. In 2015 Linde Romania recorded a turnover of RON 531.6 million (about 118 million EUR). “At the time of ...

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