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Study: "The Romanian Entrepreneur face to face with the modern consumer"

Wednesday, November 30, 2016

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Over one third of Romanian companies (34 pct) still resort to leaflets and brochures to promote their business and only nearly a quarter (22 pct) promote themselves through smartphones, although it is considered the most efficient promotion channel by the companies using it, shows a specialized study, released on ...

Insolvencies in the first 10 months of 2016 , 21 percent down from the similar period of 2015

Wednesday, November 30, 2016

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The number of companies undergoing insolvency procedures in Romania in the first 10 months of 2016 was 21 percent down from the similar period of the year before, according to official data with the National Trade Register Office (ONRC). Most of the insolvencies were registered in Bucharest, specifically 1,363 (down 10.45 pct from Jan - Oct. 2015), followed by Bihor County with 468 insolvency instances (1.52 percent) and Iasi County, with 409 instances (15.21 ...

Registrations of self-employed persons and businesses over January - October 2016 , down 6.99 percent

Wednesday, November 30, 2016

Registrations of self-employed persons and businesses over January - October 2016 stood at 92,567, down 6.99 percent from the 99,521 registered in the same period of the year before, shows data released by the National Trade Register Office (ONRC). Most registrations were recorded in Bucharest: 15,290 (down 5.67 percent from Jan - Oct 2015) and in the counties of Cluj - 4,993 (down 4.92 percent), Timis - 4,109 (+ 0.49 percent) and Ilfov - 3,854 (down 7.75 ...

Bulgarian companies took part in trade conference in Romania

Wednesday, November 30, 2016

Sixteen Bulgarian companies took part in an international trade conference on electronics, metal, cable and cable protection parts, plastics & rubber, equipment services, logistics and packaging in Bucharest, Romania, focus-fen.net infoms.  The event was organised by the Association for Supply Chain Management, Procurement and Logistics (BME), the press office of the Bulgarian Small and Medium Enterprises Promotion Agency. ...

Uber expands services in Romania to Timisoara

Wednesday, November 30, 2016

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US-based multinational online transportation network company Uber Technologies Inc. announced  it expanded its services in Romania to the city of Timisoara, seenews.com informs. Timisoara, with population of some 320,000, is the fourth largest city in the country. The city is visited by more 280,000 tourists a year, the company said on its website. Uber launched its ride-sharing service in Bucharest ...

Orange Romania launches winter holiday promotion

Wednesday, November 30, 2016

Orange Romania launched a winter promotion whereby customers can subscribe to Orange Me or Orange Net mobile subscriptions between 22 November 2016 and 31 January 2017 and get smartphones at no extra cost, MB bonuses, access to 'Movie Go Unlimited' or Deezer as well as Orange VR glasses at a special price of EUR 19, telecompaper.com informs. Those customers who sign an agreement for a tariff plan and get a smartphone and Orange VR glasses also get the ...

Top 100 SEE 2016 ranking: Romania – 56 entrants with combined revenue of EUR 55.2 bln

Wednesday, November 23, 2016

The  100  biggest companies from southeast Europe had an increase in their combined revenues to EUR 102.5 billion, up by some 2 percent as compared to the revenues of the entrants in last year’st top and slightly below the region’s 2.5 percent average economic expansion, according to the 2016 ranking launched by SeeNews quoted by business-review.eu. At the same time their aggregate earnings were just 1.3 percent higher than the ...

Romania's anti-trust body approves Immofinanz takeover of Austria's CA Immo local business

Wednesday, November 23, 2016

Romania's anti-trust regulator said on Monday it approved the takeover by Austrian real estate investor and developer Immofinanz Group of the local business of real estate rental company CA Immobilien Anlagen Aktiengesellschaft (CA Immo), seenews.com informs. "Following a review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in particular by establishing or ...

Bitdefender 17th largest emerging market software company in the world

Wednesday, November 23, 2016

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Bitdefender was ranked 17th largest emerging market software company in the world by turnover in a recent PwC study, business-review.eu reports. The study, conducted in conjunction with International Data Corp., surveyed 30 software companies in emerging markets. The list is topped by Kaspersky Labs, followed by TOTVS, Neusoft and ESET. According to the study, the companies have certain common ...

TPA Romania to open new EU Subsidies and State Grants department

Wednesday, November 23, 2016

TPA Romania is expanding its line of consulting services through the launch of a new EU Subsidies and State Grants department this month, business-review.eu informs. With the integration of the firm Becker Consult from Bucharest, now re-branded as TPA Becker Consult, TPA is adding seven new specialists in EU subsidies and state grants to its team. Johannes Becker, founding partner of Becker Consult and an Austrian citizen ...

Strategic consultant for the restructuring of TAROM will be announced by the end of November

Wednesday, November 23, 2016

The strategic consultant for the restructuring of Romania's flag carrier TAROM will be announced by the end of November, as the company's Board of Directors is scrutinizing the six submitted bids, Transport Minister Sorin Buse told Agerpres on ...

Fashion retailer H&M to reach 51 units in Romania

Wednesday, November 23, 2016

The Swedish fashion retailer H&M opens on November 24 the third store from Ploiesti, in the commercial center Winmarkt,this also being the 51th unit that will be opened by the company in Romania, business-review.eu reports. H&M owns stores also in the commercial centers AFI Ploiesti and Ploiesti Shopping City. The retailer is present in Romania since 2011 and had sales worth of SEK 1.51 billion (EUR 161.7 ...

Statistics: Companies registered in 2015 more than 49.9 billion lei in gross profit

Wednesday, November 23, 2016

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Companies registered in 2015 more than 49.9 billion lei in gross profit, a figure by 42.8 percent higher than in the previous year, according to a release the National Institute of Statistics (INS) sent on ...

Government to reduce guarantee requirement for public procurement contracts under EUR 25 mln

Wednesday, November 23, 2016

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The participation guarantee for the public acquisitions with a value lower than EUR 25 million won’t exceed one percent of the contract value, said the Romanian government, business-review.eu reads. The decision comes after the cut in the guarantees ...

Romania's anti-trust body looks into Radu Group takeover of Postmaster, Zoto Investments

Wednesday, November 23, 2016

Romania's anti-trust regulator said on Friday it is looking into the recent takeover of Postmaster and Zoto Investments by local Radu Group of companies to establish whether the deal complies with competition rules, seenews.com informs. "In order to determine whether the concentration is compatible with normal competitive environment, the Competition Authority will consider the notified transaction under the merger regulation," the Council said in ...

SMEs to get aid for developing innovation projects

Wednesday, November 23, 2016

In a memorandum on Wednesday, the Government approved a de minimis state aid scheme in the form of ''innovation cheques'' for the economic, budgetary and financial policies of the Romanian Government. The Government reports in a press statement that the cheques are financial grants to the SMEs to fund highly innovative projects provided from the allocations ...

Romania's Albalact cons 9-mo net profit doubles on new products, cost management

Wednesday, November 23, 2016

Romanian dairy producer Albalact [BSE:ALBZ], part of French group Lactalis, said on Wednesday its consolidated net profit more than doubled to 23.8 million lei ($5.6 million/5.2 million euro) in the first nine months of the year from 9.98 million lei in the same period of 2015, seenews.com reports. The company's turnover grew 17% on the year to 367 million lei in the January-September period, Albalact said in a press ...

Alro reports an adjusted net profit of RON 94 million, in the first nine months of 2016

Wednesday, November 16, 2016

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Turnover of RON 1.58 billion, as compared to RON 1.77 billion in Q1-Q3 2015 Increased sales volume by 4% Primary aluminium production of 205,400 tonnes, from 203,100 tonnes Processed aluminium production of 57,500 tonnes, from 59,800 ...

Rompetrol continues the partnership with SMURD Foundation to save lives

Wednesday, November 16, 2016

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KMG International, through its member companies Rominserv and Rompetrol Gas, continues to support in 2016 – 2017 the medical emergency interventions of SMURD, at national level, the company informs în a press release sent to ACTMedia. Through this partnership, the Group donates to the Emergency and ICU unit of Floreasca Emergency Hospital, an extracorporeal membrane oxygenation device (ECMO), as well as uniforms for SMURD medical volunteers. “We understand the needs ...

Reuters:British American Tobacco expands Romanian production

Wednesday, November 16, 2016

British American Tobacco Plc (BAT) plans to expand output at its Ploiesti factory in Romania by 20 percent in 2017 after a German facility closure and to invest 1.0 billion euros over the next five years, http://uk.reuters.com/ reports BAT's operations in Romania include a nationwide distribution company and a regional services ...

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