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Retailer Auchan to open its first supermarket in Bucur-Obor

Wednesday, August 9, 2017

Auchan Retail will open its first supermarket in Romania in a historic location – Bucur Obor Shopping Center, a commercial landmark for Bucharest, near the Obor market were peasants sell fresh organic vegetables and fruits from the villages near the Capital, producers also sell meat and fish, in a Turkish style bazaar atmosphere. According to a press release, the first Auchan supermarket in Romania will be open until the end of the year and will ...

Tremend to hire 10 engineers for new Brasov R&D centre

Wednesday, August 9, 2017

Software company Tremend will hire engineers for its new R&D centre, to open in Bra?ov, business-review.eu informs.  By the end of the year the company plans to hire 10 software engineers with experience in PSP (Drupal and Magento), Java, JavaScript, C++, Android, Front End, QA. The new development centre of the company has 240 square meters and will soon become operational. The company, which was included last year by ...

Selgros launches the Selgros Travel platform in partnership with TUI Travel Center

Wednesday, August 9, 2017

Retailer Selgros Cash&Carry Romania launches the Selgros Travel platform, operated by TUI Travel Center, business-review.eu informs. The platform is developed together with the partner TUI TravelCenter, one of the most important tourism players at global level and will present monthly 10 touristic packages to popular and exotic destinations at special prices. Also, the platform offers the possibility of hotels booking ...

141 firms registered with the internationalisation programme, two hours into existence

Wednesday, August 2, 2017

As many as 141 companies joined the internationalisation programme launched on Monday morning by the Ministry of Business, Trade and Entrepreneurship (MMCCA), with a sign-up average of three per minute, Business, Trade and Entrepreneurship Minister Ilan Laufer announced at a news conference Monday. "Today, at 10:00hrs, the Ministry of Business, Trade and ...

Metallic tiles producer Bilka turnover up by 54 pct to RON 147 mln in H1

Wednesday, August 2, 2017

Metallic tiles producer Bilka, owned by the Romanian entrepreneur Horatiu Tepes, increased its turnover by 54 percent to RON 147 million in the first semester, compared with the same period of 2016, business-review.eu reads. The growth is due to the evolution of constructions market, but also to the investments made by the company for the production development. „The growth was determined on one side, by the higher demand for roofs, which is ...

79,251 new companies were established in Romania in H1 of 2017

Wednesday, August 2, 2017


As many as of 79,251 new companies were established in Romania in the first six months of 2017, up 31.23 percent from H1 2016, of which over 15,000 in June alone, according to a press statement released on Wednesday by the National Council of Romania's Privately-Owned Small and Medium-Sized Enterprises (CNIPMMR). Data with the National Companies Registry, a total of 15,877 companies were set up in June, the month when a Start-Up Nation programme was ...

Cosmetic Plant’s turnover up by 15 pct in H1 close to RON 6.8 mln

Wednesday, August 2, 2017

Cosmetic Plant, one of the main local producers of cosmetics, registered a turnover by around 15 percent higher in the first semester of 2017 than the same period of 2016, to RON 6.8 million, business-review.eu informs.  „The main factors that contributed to this evolution were the facelift of the hair care products made at the beginning of the year, as well as the international prizes gained by LiftUp. Also, the expansion of the partners ...

FrieslandCampina Romania invests EUR 1.3 mln in new production line

Wednesday, August 2, 2017

Dairy producer FrieslandCampina Romania has opened a new production line for cheese in Cluj-Napoca following a EUR 1.3 million investment, which will triple its output, business-review.eu reports. The company has a yearly investments program of over EUR 3 million to enhance production at its plants in Cluj-Napoca and Targu Mures and to develop new products under the Napolact brand. Cornel Caramizaru, the general director of ...

Teraplast group’s turnover down by 11 pct to RON 171.6 mln in H1

Wednesday, August 2, 2017

Teraplast group, the Romanian PVC operator and one of the main materials producers for constructions market, registered a turnover fall of 11 percent to RON 171.6 million in the first semester of the year, compared with the same period of 2016, and continues to be profitable, despite the unfavorable context of the blockage of environment infrastructure and the insolvency of some clients, reaching a net profit of RON 7.8 million, business-review.eu ...

Memoranda signed for between Romania and Egypt:Agriculture and the SMEs the main sectors

Wednesday, August 2, 2017

Agriculture and the SMEs (small and medium-sized companies) were among the main sectors which cooperation memoranda were signed for between Romania and Egypt, on Friday announced the Minister for the Business Milieu, Commerce and Entrepreneurship, Ilan Laufer after a meeting within the Romanian-Egyptian Joint Economic Cooperation Committee, revived after seven years of stagnation. "We want to have a relationship based on our common experience, and ...

eMAG Marketplace reports sales worth RON 350 mln in H1, targets RON 800 mln by year-end

Wednesday, August 2, 2017

The eMAG Marketplace platform has exceeded 4,000 partner stores this first semester, up by over 74 percent y-o-y and generated RON 350 million sales, according to company data quoted by business-review.eu. The eMAG offer comprises over 2.4 million products from 1,600 categories from a wide range, from household items, to toys, garden products and auto products. “The eMAG platform ensures the ...

Gov't decided to postpone for five months the enforcement of the Law on the Insolvency Procedure for Individuals

Wednesday, August 2, 2017


The Government decided on Thursday, through an Ordinance, to postpone for five months the enforcement of the Law on the Insolvency Procedure for Individuals, so as to rigorously prepare its enforcement mechanism. According to a press release of ...

Romania's anti-trust body fines Siveco, Intrarom for rigging public tender

Wednesday, August 2, 2017

Romania's anti-trust regulator said on Thursday it has fined IT companies Siveco and Intrarom 8 million lei ($2.03 million/1.75 million euro) for rigging a public tender procedure organized by the Paying and Intervention Agency for Agriculture in 2008. The services that were to be procured envisaged information system expansion and development services and had an estimated value of 12 million euro ($13.9 million), excluding VAT, the Competition Council ...

Orange Romania's revenues rise 11% y/y in Q2

Wednesday, August 2, 2017

Orange Romania said on Thursday its revenues rose by an annual 11% to 267 million euro ($310.4 million) in the second quarter of 2017, led by stronger mobile equipment sales and increased fixed and mobile traffic, seenews.com informs. Orange Romania, a unit of France Telecom's Internet and mobile arm Orange, had 10.08 million clients at the end of June, down from 10.38 million at the end of 2016. Mobile Internet ...

The tenth year in a row of negative results for TAROM

Wednesday, August 2, 2017

Romania’s flagship carrier TAROM estimates losses of RON 41.2 million this year, down 12.3 percent year-on-year, to total revenues of RON 1.32 billion, according to the draft budget debated by the Ministry of Transport, the majority shareholder, romaniajournal.ro reports. The company’s budget shows that 2017 would be the 10th year of loss for TAROM, as the company has not recorded any profit since 2007. On end-May, ...

Starting with August, the companies with income under half a million euro will have a unitary fiscal regime

Wednesday, July 26, 2017

The judicial persons who have income under half a million euro will have, starting with August, a unitary fiscal regime, by applying tax on the income of the micro-entreprises with a view to bringing in the system those who under under specific tax, a press release of the ministry of public finances shows (MFP). MFP says that among these measures there is the creation of a unitary fiscal regime for judicial persons who have income under 500,000 euro by ...

The governmental programme in support internationalisation to start Monday, July 31 at 10:00hrs, EEST

Wednesday, July 26, 2017


Romanian companies interested in being promoted on foreign markets can sign up for a governmental programme in support internationalisation starting Monday, July 31 at 10:00hrs, EEST; funds will be allocated on a first-come, first-served basis, Minister for the Business Environment, Trade and Entrepreneurship Ilan Laufer said on ...

Philip Morris to invest EUR 490 mln in Otopeni factory, hire 300 by end 2018

Wednesday, July 26, 2017

Philip Morris announced Tuesday plans to invest EUR 490 million in transforming its Otopeni factory into one that produces exclusively HEETS for its heat-not-burn product IQOS by 2018, business-review.eu reports. The company will also hire 300 new staff for the factory, the group’s best performing worldwide.  The announcement was made in the presence of Romanian PM Mihai Tudose. “What Philip Morris did for Romania stresses something ...

Romanian Digi buys Hungarian telecom operator

Wednesday, July 26, 2017

Romanian telecom operator Digi Communications will buy Invitel Tavkozlesi, one of the key operators on Hungary’s telecom market, with EUR 140 million, romania-insider.com reads. The transaction will be carried out through Digi’s Hungarian subsidiary. The two parts signed the contract on Friday. Invitel Tavkozlesi is part of the Hungarian group Invitel, and its main customers are residential clients, as well as small ...

EximBank and Canah International, 1 million lei financial agreement

Wednesday, July 26, 2017

EximBank and Canah International, one of the main producers of hemp seed natural products have signed a one million lei financial agreement, aimed at continuing the company's investments meant to achieve its business goals, reads a press release issued by the bank. "This cooperation is a special one, as far as we are concerned, given that we have a partner that stands as a real model of entrepreneurship. A model that demonstrates that great ideas can ...

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