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Romania reports close to 168,000 ICT employees in 2016

Wednesday, July 26, 2017

Close to 168,000 were employed in the Information and Communication Technologies (ICT) sector in 2016 in Romania, meaning 2 percent of the overall employment level, compared with 2011, when there were close to 125,000 people employed in the field, according to Eurostat, the statistical office of the European Union. Out of the overall people employed in ITC in 2016, 73.7 percent were men, business-review.eu informs. In the European Union ...

Companies and PFA that entered insolvency has increased in H1 of 2017 by 4.68 pct

Wednesday, July 26, 2017

The number of companies and registered sole traders (PFA) that entered insolvency has increased in the first semester of 2017 by 4.68 pct compared to the similar period of 2016, to 4,677 units, according to data published on the website of the National Trade Register Office ...

Sodexo becomes majority shareholder of Romania's Benefit Seven

Wednesday, July 19, 2017

French-owned catering and corporate services provider Sodexo Romania said on Tuesday it has become the majority shareholder of corporate sport and wellness subscriptions provider Benefit Seven, seenews.com informs. Sodexo Romania acquired 40% of Benefit Seven for an undisclosed sum, after buying another 20% in February last year, it said in a press release. The three co-founders of Benefit Seven - Andrei Cretu, Iulian Carciumaru ...

Telekom Romania appoints Karoly Borbely as Public Affairs Director

Wednesday, July 19, 2017

Telekom Romania has appointed Karoly Borbely as public affairs director. He took over the position on 4 July 2017, business-review.eu reports. With an experience of over 12 years in the institutional environment, Karoly Borbely is responsible with the coordination of public affairs strategy for the Telekom Romania group of companies. His role will be that of developing and implementing the public affairs strategy of Telekom Romania group of companies, ...

Catinvest, Carrefour Romania invest EUR 2 million to modernize TOM Carrefour Constanta

Wednesday, July 19, 2017

French group Catinvest, which owns a network of four commercial centers in Romania and several others internationally, together with Carrefour Romania,completed the modernization of TOM Carrefour in Constanta, following an EUR 2 million investment, business-review.eu informs. The capital was used to modernize interior spaces and adapt the project to the current consumer demands. Works started in January and are divided in two stages. In the ...

Over 19,000 business plans have been registered with the Start-Up Nation program

Wednesday, July 19, 2017

 Over 19,000 business plans have been registered with the Start-Up Nation program, 70 pct of which have been filed in the last five days to the deadline; a new session will be scheduled for 2018, Minister for the Business Milieu Ilan Laufer told a press conference on Monday. "Let me begin by thanking those who worked to unlock the ANAF system. With sometimes as many as 7,000 concomitant requests the system could not handle such a high workload. Figures ...

Bucharest, Oradea, Ploiesti and Timisoara, cities where is easier job starting a business

Wednesday, July 19, 2017

Romanian tentative business people have an easier job starting a business in Bucharest, Oradea, Ploiesti and Timisoara than attempting to do the same in Constanta or Craiova, because VAT registration takes less, a survey by Doing Business ...

BearingPoint Romania aims to reach over 1,000 employees in the next years

Wednesday, July 19, 2017

BearingPoint Romania celebrates 10 years of existence and aims to reach over 1,000 employees in the next years, business-review.eu informs. Christian Gurny, country leader BearingPoint Romania said : “After I founded BearingPoint Romania in 2017, I enjoyed the celebration of the 10th anniversary with a few hundred colleagues. I aim to reach over 1,000 employees in the next years.” Currently the company ...

IT domain, the most attractive for Romanians abroad wishing to return to the country

Wednesday, July 19, 2017

Romanians abroad wishing to return to the country could be attracted by the IT domain, and more precisely the software development branch, according to a study conducted by Smartree company sent on ...

Deloitte: M&A market amounted to 889 million euro in Q2

Wednesday, July 19, 2017

Romania's mergers and acquisitions market amounted to 889 million euro in Q2, according to public sources, more than twice the figure registered in Q1, but following an analysis of the concluded deals, Deloitte estimates the actual value lies somewhere in the range of 950 million - 1 billion ...

Competition Council authorizes Schlumberger and Weatherford oil groups to set up two companies

Wednesday, July 12, 2017

  The Competition Council announced on Tuesday that it had authorised Schlumberger and Weatherford oil groups to set up together two companies operating in US and Canadian markets. The two groups are present in Romania by means of their subsidies which offer products and services regarding oil and natural gas production. The competition authority evaluated the operation of economic concentration in point of its ...

ALEF Distribution enters Romanian market, targets EUR 100 million turnover in 5 years

Wednesday, July 12, 2017

ALEF Group, a major distributor of IT systems andequipment with a turnover of over EUR 160 million, entered the Romanian market by purchasing Romanian company Likeit Solution,business-review.eu ...

Reuters: Jumbo annual sales up 6.8 pct, seen rising further next year

Wednesday, July 12, 2017

Greek retailer Jumbo posted on Tuesday a 6.8 percent rise in sales for its fiscal year to the end of June, thanks to strong growth in Romania and Bulgaria, Reuters.com reports. It said it expected sales to rise by 6 percent to 9 percent in the next twelve months. Jumbo has fared well because of its low-cost products and foreign operations despite seven years of austerity in ...

Holcim Romania launched a new cement terminal in Roman

Wednesday, July 12, 2017

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 Holcim Romania launched the new cement terminal in eastern Roman town, Neamt county, an investment worth 12.5 million lei , according to a press release of the company. The new terminal meant to supply cement ...

Healthcare provider Medicover buys Romanian medical network Iowemed

Wednesday, July 12, 2017

Medical services provider Medicover Group said on Monday it has acquires local peer Iowemed for an undisclosed sum, seenews.com informs. The transaction will help Medicover expand its network in the eastern part of Romania, the company said in a press release. Iowemed medical network is located in Constanta county and includes five medical centres, of which two are located in the Black Sea port city of Constanta."We ...

DB Global Technology aims to have 1,000 employees in Romania by end-2017

Wednesday, July 12, 2017

DB Global Technology, Deutsche Bank’s technology center in Bucharest, has reached 800 employees, with over 150 people joining the team in 2017, business-review.eu reads. The company will continue to expand its team, and aims to reach 1,000 employees by the end of the year. Currently, over 75 percent of the center’s employees are part of the millennial generation and are producting software used by the bank across the world. “The first ...

Elmiplant wants 5% turnover growth

Wednesday, July 12, 2017

Romanian cosmetics brand Elmiplant, owned by Greek company Sarantis, has introduced a new skin care line with which it plans to increase its turnover by 5% yearly. The new line, called Elmiplant Care Lab, will retail exclusively in pharmacies. The Elmiplant Care Lab line is made up of three segments: sensitive skin products, solar protection products, and pregnancy and post-pregnancy products. The latter is a novelty in the ...

Massive TV purchases bring IT&C retailer Altex its highest ever turnover

Wednesday, July 12, 2017

Romanian IT&C retailer Altex posted last year its highest ever turnover, exceeding the increase it previously forecasted, romania-insider.com informs. House buyers and bar owners preparing for the European football championship fueled the growth as they purchased TVs, according ...

Alexandrion Group plans USD 100 mln distillery in State of New York

Wednesday, July 12, 2017

Alcoholic beverages maker Alexandrion Group will build in the State of New York a distillery that will require an investment of around USD 100 million, according to Nawaf Salameh, the president of the group, cited by business-review.eu Salameh explained that the company will replicate in the United States the investments it has in Romania, where it already controls a distillery. “In Romania we ...

Romania’s Salrom targets 30% rise in gross profit in 2017

Wednesday, July 12, 2017

Romanian salt producer Salrom said on Friday it targets a 30% higher gross profit in 2017 and a 10% rise in turnover, based on projects for technical upgrades and improved management of resources, seenews.com reports. Salrom expects a gross profit of 39.2 million lei ($9.7 million/ 8.5 million euro) in 2017 and a turnover of 325.7 million lei, the company said in a press release. "We are aware of the major role our company has ...

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