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Profi reaches 468 stores in Romania

Wednesday, November 2, 2016

Profi opened last week week six new stores in Timisoara, Matasari, Buzau, Alexandria and Telciu, reaching a network of 468 operational units across the country, business-review.eu reports. In Timisoara, the Profi network has two new stores, both in City format. One has a sale surface of 160 square meters and the other one has a surface of 200.61 sqm. Profi has also launched a new store in Matasari, Gorj county,  in the ...

Mirela Iordan named new country manager of Pfizer Romania

Wednesday, November 2, 2016

Drugsmaker Pfizer Romania will have a new head as of November 1, business-review.eu reports. Mirela Iordan, the former HR head of the company, will become the new country manager, replacing Nolan Townsend, who was named president of the rare disease division for developed markets. In her new management role, Iordan will work with key stakeholders on the local market to make sure that Romanian patients have access to the latest treatments, according to ...

PM Ciolos: If necessary, the Government will step in to solve the situation at Posta Romana

Wednesday, November 2, 2016

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If necessary, the Government will step in to solve the situation at Posta Romana, Prime Minister Dacian Ciolos on Monday told employees of the Romanian Post who were waiting for him to come out of the USAMV Cluj-Napoca to voice their dissatisfaction in connection with the denial by the company to raise salaries of the postal ...

Romania's AdePlast 9-mo turnover up 17%, exports grow strongly

Wednesday, November 2, 2016

Romanian building materials producer AdePlast said on Wednesday its nine-month turnover increased 17% to 277 million lei ($67.1 million/ 61.5 million euro, as exports surged, seenews.com reports. "This is an extremely good result for a company of our size and for the market we operate on. For this year we aimed to maintain our market share, but we did much more than that," AdePlast owner Marcel Barbut said. Exports rose 55% ...

Romanian business sentiment improves in manufacturing, worsens in construction

Wednesday, November 2, 2016

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Company managers in Romania expect growth in manufacturing, services and retail in November and December, and contraction in construction, the national statistics office (INS) said on Friday quoted by seenews.com. Managers from the manufacturing sector expect moderate growth in production volumes, up to 6%, with a sharp increase in pharmaceuticals, INS said in a monthly business sentiment survey. Managers also expect a 21% ...

ONRC: 5,987 companies entered in insolvency in the first nine months of 2016

Wednesday, November 2, 2016

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A number of 5,987 companies entered in insolvency in the first nine months of 2016, declining by 20.96 percent compared to the same period of 2015, the data of the National Trade Register Office (ONRC) ...

Services rank second in top insolvencies after opening procedures for RADET and Hidroserv (analysis)

Wednesday, November 2, 2016

The insolvency of RADET and Hidroserv determined the advance of services to the second place in the top of insolvencies in Romania, after industry, which represents 55% of total, according to an analysis made by the Insolvency House Transylvania (CITR). In the first half of the year, services represented 18% of insolvencies in Romania, according to the value of immobilised shares and ranked third in the top next to real estate and when RADET and ...

ArcelorMittal will continue to invest in the steel production in Galati

Wednesday, October 26, 2016

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ArcelorMittal will continue to invest in the steel production in the unit in Galati, after the investments of 400 million euro from 2009 to the present, a letter addressed to the employees in Galati says sent by Lakshmi Mittal, chairman and general manager of the siderurgy unit. ‘October 2016 represents an important moment in the history of ArcelorMittal Galati. 50 years ago, the first thick sheet was produced here and delivered to the client. As ...

Romania's Cosmetic Plant raises 2016 turnover forecast

Wednesday, October 26, 2016

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Romanian company Cosmetic Plant said on Monday it expects its 2016 turnover to increase by at least 20% to some 11 million lei ($2.65 million/ 2.44 million euro), driven by expansion of its distribution network, higher exports and new products, seenews.com reports. In February, Cosmetic Plant said it expected turnover to rise by 10% in 2016. The cosmetics producer's turnover rose 20% on the year in the first nine months of 2016 ...

Orange Romania's Q3 revenues rise on strong mobile services performance

Wednesday, October 26, 2016

Orange Romania, the local unit of France Telecom's Internet and mobile arm Orange, said on Tuesday its revenues increased by 3.3% on the year to 251.1 million euro ($273.3 million) in the third quarter of 2016 due to strong performance in mobile services, seenews.com informs. Orange Romania had 10.175 million clients at the end of September, 300,000 more than in the previous quarter, but slightly down from 10.177 million at the end of ...

Court suspends obligation imposed to Vodafone Romania

Wednesday, October 26, 2016

A Bucharest Court of Appeal suspended a retroactive obligation issued by Romania's telecommunications authority Ancom against Vodafone Romania whereby the operator was told to pay back amounts over EUR 60 its customers had paid for data roaming services on alternative tariff plans, writes local paper Ziarul Financiar quoted by telecompapr.com. The court will soon issue the final settlement of Ancom's decision. In its request sent to the court to ...

Airbus Helicopters wants to create in Romania a supplier cluster which will deliver solutions and equipment

Wednesday, October 26, 2016

Airbus Helicopters wants to create in Romania a supplier cluster which will deliver solutions and equipment for Airbus Helicopters, the company's representatives announced on Monday after the meeting with the leaders of the 70 companies interested in this collaboration which was held at the new headquarters of the Gimbav factory, a release ...

IMMOFINANZ brings shopping center brand VIVO! to Romania

Wednesday, October 26, 2016

IMMOFINANZ, one of the real estate investors in Romania, introduces its retail brand VIVO! to the local market and starts the rebranding process for its four existing shopping centres, business-review.eu reads. Polus Center Cluj will become VIVO! Cluj, Maritimo Shopping Center Constanta will be known as VIVO! Constanta, Pitesti Mall will become VIVO! Pitesti and Gold Plaza Baia Mare will be named VIVO! Baia Mare. The rebranding of the fully rented ...

Romania has world's third highest talent shortage - Manpower

Wednesday, October 26, 2016

With 72% of employers reporting difficulty finding the right people to fill jobs, Romania ranks third in the 2016/2017 edition of the global survey on labour shortage conducted by U.S. recruitment firm Manpower quoted by seenews.com. The percentage of Romanian employers who have trouble finding the right employees increased to 72% in 2016 from 61% in 2015, according to the survey released earlier  this week. Moreover, the talent shortage in the ...

Deputy PM Dincu: 33 percent of SMEs say economic environment evolution hinders development

Wednesday, October 26, 2016

Deputy Prime Minister Vasile Dincu stated on Thursday on the occasion of launching a funding programme for SMEs that only 18 percent of the ones who invest in small and medium enterprises want to apply for structural funds, and 33 percent claim that the economic environment in Romania "hinders development." "We have been analyzing in the last years several ...

UK's Argo Capital Property to invest 33 mln euro in Romanian shopping park expansion

Wednesday, October 26, 2016

UK's Argo Capital Property said on Thursday that it plans to invest 33 million euro ($36.1 million) to expand its existing ERA Shopping Park in Romania's northeastern city of Iasi, seenews.com reports. The company plans to add 30,000 sq m to the existing 50,000 sq m of the shopping park, it said in a press release. "The expansion will complement the existing tenant mix with a number of new consecrated fashion retailers. ...

Study: One fifth of the business turnover reported by companies in Romania is related to companies with ties to tax havens

Wednesday, October 26, 2016

One fifth of the business turnover reported by companies in Romania is related to companies with ties to tax havens, according to findings of a KeysFin study released on Thursday. 'Barbados, Dutch Antilles, Bahamas and Belize are some of the favourite destinations of business people, not just for travelling, but particularly for business. Local as well as multinational companies have opened connections in offshore countries, where rates and taxes are very ...

SMEs, start-ups included, could access financing through the Credit Agricole Bank Romania

Wednesday, October 26, 2016

Romania's small and medium-sized enterprises (SMEs), start-ups included, could access financing through the Credit Agricole Bank Romania, up to 80pct guaranteed by the National Credit Guarantee Fund for the SMEs (FNGCIMM SA-IFN), says a release by the non-banking financial body, sent on ...

Romanian fashion retailer FashionUP acquires Click4Fashion

Wednesday, October 26, 2016

The Romanian online fashion retailer FashionUP has taken over Click4Fashion, which is active in Romania, Bulgaria, Slovenia and Hungar, http://ecommercenews.eu/ reads. With the acquisition, FashionUP wants to further expand its business operations in the region. The ...

Ariston Thermo Romania launches smart home application Ariston NET

Wednesday, October 26, 2016

Ariston Thermo has launched today the smart home application Ariston NET, that offers the clients on the local market that own mural boilers the possibility of remotely controlling them, business-review.eu reads. The temperature can be adjusted through a mobile device or from desktop. Moreover, Ariston Thermo says that it can save up to 25 percent the energy consumption. „As our lifestyle ...

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