Loading page...

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

Subscribe|Login

Companies

Alina Georgescu takes helm at IDC Romania

Wednesday, September 7, 2016

International Data Corporation (IDC), the provider of data and consultancy services for the IT sector, has announced the appointment of Alina Georgescu as country manager for Romania, business-review.eu informs. In her new role, Georgescu will oversee the commercial strategy for the development of all business lines including market research, consultancy services and conferences. “I am sure that Alina’s expertize in ...

Braas Monier buys Elpreco concrete tile plant in Romania for 33 mln lei

Wednesday, September 7, 2016

Luxembourg-based pitched roof products manufacturer Braas Monier told SeeNews on Tuesday it has signed an agreement to acquire Romanian concrete tile factory Elpreco for 33 million lei ($8.2 million/ 7.4 million euro). "The acquired plant has been part of Elpreco," Braas Monier group communications and investor relations director Achim Schreck told SeeNews in an email, complementing the information provided in a press release issued by the company on ...

TPA Romania to open a new office in Cluj-Napoca

Wednesday, September 7, 2016

Starting September, the TPA Group will be expanding its operations in Romania by opening a new office in Cluj-Napoca city, business-review.eu reads. By integrating the Cluj-based firm, now rebranded as TPA Transilvania, the professional services firm is broadening its national reach by adding a regional office and 22 professionals to its team. Sorana Cernea, founding partner of IAS Expert, will be the partner in charge of the TPA Transilvania ...

Universal Alloy Corporation Europe to receive a loan worth 25 million euro from EBRD

Wednesday, September 7, 2016

An aluminum aircraft part manufacturer in northern Romania's Maramures, namely Universal Alloy Corporation Europe (UACE), is to receive a loan worth 25 million euro from the European Bank for Reconstruction and Development (EBRD), a release of this financial institution sent on Monday ...

Ambassador Maior: Big American companies interested to invest in Romania

Wednesday, September 7, 2016

Romania’s ambassador to Washington, George Maior, said that there is fresh interest of big American companies to invest in Romania, business-review.eu reports. He underlined the fact that investors need a clear economic legislation and an environment without corruption. „The American investors need predictability regarding the economic legislation, fiscal regime, they need a less bureaucratic regime regarding the communication on ...

Coface:63 Romanian companies listed in Central and Eastern Europe Top 500

Wednesday, September 7, 2016

Romania has 63 companies listed in Central and Eastern Europe Top 500 according to their turnover, while the country ranks fourth in the region, according to international credit insurance company Coface. The highest ranked Romanian company, ...

Lanidor opens first store in Romania following EUR 200,000 investment

Wednesday, September 7, 2016

The Lanidor store opened this Thursday in the ParkLake Plaza mall in eastern Bucharest estimates that it will post sales worth EUR 300,000 in the first of year of activity,business-review.eu reads. The store was opened following a franchise agreement between the Portuguese fashion retailer and local company QAZ Fashion Retail. Some EUR 200,000 were invested in the opening the unit, said Adrian Dumitrescu, managing partner and co-founder of QAZ Fashion ...

Eugen Suman, named executive creative director at MullenLowe Romania

Wednesday, September 7, 2016

Eugen Suman has been appointed the new executive creative director at MullenLowe Romania, business-review.eu informs. ”During one of our long talks, I had a moment of wow after realizing how many things we actually have in common: we appreciate honesty, love advertising, can’t live without humour, and are firmly convinced that the best and happiest people deliver the best ideas for the happiest clients. We even share a DNA which is slightly ...

Romania's RCS&RDS seeks 600 mln euro for debt

Wednesday, September 7, 2016

Romanian telecoms group RCS&RDS is looking for a 600 million euro ($670 million) 10-year financing for debt restructuring, seenews.com reports. The company's shareholders will decide on October 3 on the financing method, RCS&RDS said in an announcement published in Romania's official gazette on Tuesday. Such funding can be obtained both through the international and/or local capital market, including but not limited ...

30 companies with Syrian capital have been registered during the first seven months of 2016

Wednesday, September 7, 2016

The National Trade Register Office (ONRC) reports that 30 companies with Syrian capital have been registered during the first seven months of 2016, their joint stock amounting to a total of 126,400 euros. At the end of July Romania hosted 5,979 companies with 34.4 million euro worth of joint stock coming from Syria. Three companies, with a joint stock of 89.3 euros, were registered only in July. In terms of bilateral trade, Romanian exports ...

Leroy Merlin opens 15th Romanian store in Timisoara

Wednesday, August 31, 2016

LEROY MERLIN, a major DIY retailer will open its 15thRomanian store in Timisoara, marking the end of the development, modernizing and rebranding process of bauMax stores, business-review.eu informs. The store, the first to be opened in the western part of the country, has a total surface of over 13,400 square meters. The store, featuring with a 4,000 square meters drive-in, offers over 28,000 products to be used for the building and ...

Six companies selected to grant them state aid for new investment projects

Wednesday, August 31, 2016

160831101754State_Aid_Romania_cloud.jpg

Romania’s Finance Ministry has selected six companies out of 36 applicants to grant them state aid for new investment projects that would positively impact the local economy. All six companies are part of foreign groups. Pirelli Tyres Romania, Arctic, Clariant Products Ro, Robert Bosch, Safe Med International and Alu Menziken are the companies selected on the Finance Ministry’s short list for getting state aid. They have come up with investment projects worth almost EUR ...

ONRC reported 444,493 female shareholders or partners in companies at the end of July

Wednesday, August 31, 2016

The Romanian Office of National Trade Registry (ONRC) reported 444,493 female shareholders or partners in companies across the Romania, accounting for 36.64 percent of the ownership at the end of July. The number of male shareholders and partners was 768,641, amounting to ...

Romania offers to extend Ford production target deadline, conditional on 130

Wednesday, August 31, 2016

Romania's finance ministry said on Friday that it is proposing to extend to 2025 from 2017 the deadline by which U.S. carmaker Ford's local plant should meet the production volume target envisaged in the plant's privatisation contract, provided that the company invests 130 million euro ($146.8 million) in it by 2019, seenews.com informs. The production target of 810,000 cars and 1.5 million engines will be pushed to 2025 from December 31, 2017 if Ford invests 100 million euro in ...

Insolvencies by 22.54pct in the first seven months of 2016

Wednesday, August 31, 2016

Some 5,058 companies have become insolvent in the first seven months of 2016, dropping by 22.54pct against the same period of 2015, a release by the National Trade Register Office (ONRC) ...

ONRC registered 68,685 individuals and companies in the first seven months of 2016

Wednesday, August 31, 2016

The Romanian National Trade Register Office (ONRC) registered 68,685 individuals and companies in the first seven months of 2016, down by 4.56 percent against the same period of last year, when it reported 71,966, according to centralized ...

Adina Ionescu is the new EXECUTIVE Communication Director of Group Renault Romania

Wednesday, August 31, 2016

160831101943adina_ionescu_renault.jpg

Adina Ionescu is nominated as Communication and Social Responsibility Director of Renault Group Romania. She replaces Anca Oreviceanu, who will be assigned to another position within Renault Group. Consistently to Renault standard countries communication organization, Renault Group Romania Communication department will cover internal and external communications perimeter as well Corporate Social Responsibility activities of all Renault Group brands and units in ...

Entersoft Romania appoints Erica Voivozeanu as Implementation Manager

Wednesday, August 31, 2016

Entersoft Romania has appointed Erica Voivozeanu asImplementation Manager, business-review.eu informs. With 15 years of experience in business and consultancy software, she will lead a team tasked with implementing Entersoft solutions. According to a press release, the company is looking to double its team and hire experienced business and technical consultants. “I regard joining Entersoft as a very important stage for me personally, as well ...

Reuters: Romania's Oltchim launches assets sale, to pick winner by year-end

Wednesday, August 31, 2016

Romania's largest chemicals exporter, state-controlled Oltchim, launched an assets sale on Tuesday and set a Sept. 30 deadline for expressions of interest from investors, Reuters correspondent reports. Oltchim, which expects to pick a buyer by the end of the year, has been in insolvency proceedings since 2013 and is managed by administrators BDO Business Restructuring and Rominsolv. It has three main business units ...

Starbucks operator AmRest reports 25 pct gross earnings increase in Romania in Q2

Wednesday, August 31, 2016

Starbucks operator AmRest has reported a 25 percent increase in gross earnings in Romania, the highest among countries where AmRest operates the Starbucks brand, business-review.eu reports. The company also posted an EUR 17 million net profit in H1 as part of its financial results for the first half of the year. AmRest, the largest group of restaurants listed in Central Europe, has been operating the Starbucks ...

Premium News

Daily

Wednesday, March 22, 2017

Financial & Banking

Monday, March 20, 2017

Economic

Tuesday, March 21, 2017

Companies

Wednesday, March 22, 2017

Energy & Environment

Thursday, March 16, 2017