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CAPACITY INCREASE IN MICHELIN’S STEEL-CORD FACTORY IN ZALAU

Wednesday, April 5, 2017

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- 60 million euros invested in the Michelin Zalau Steel-Cord plant - 140 new jobs to be created - 50% increase of steel cord production The Michelin Group is investing 60 million Euros in its Steel-Cord factory in Zalau to increase the production capacity by 50% until 2019, the companu informs în a press release sent to ACTMedia. Thanks to the investment project, 140 new ...

Albalact has a new general director, deputy general director

Wednesday, April 5, 2017

Giampaolo Manzonetto, 45, has been appointed as the new general director of Albalact Romania, the dairy producer, which is controlled by Lactalis Group, business-review.eu informs. Manzonetto is the general director of Lacatlis Romania and Parmalat Romania and following the most recent appointment he will manage all the operations of the group in Romania. “I have a long management experience ...

APS Romania’s turnover up 35 pct to over EUR 14.4 mln in 2016

Wednesday, April 5, 2017

APS Romania, the company specialized in investments and claims management, registered a turnover over EUR 14.4 million in 2016, a growth by 35 percent compared with 2015, after 10 years of presence in Romania, business-review.eu reports.  The company also estimates a profit growth of 10-15 percent in 2017. „In the 10 years of presence on the market, we have a year to year exponential ...

Romanian companies are bracing up for a though year; 1 in 5 firms forecasts lower turnover in 2017

Wednesday, April 5, 2017

Amid the political turmoil at the beginning of this year, companies’ growth forecasts are quite reserved, romaniajournal.ro reads. According to ’Business evolution in 2017’ survey on the Romanian business environment, no less than 19 percent of the companies expect their turnover to dwindle this year, whilst 43 percent forecast an increase of only 1-10 percent in 2017. ”Even though the realities of each industry are particular, ...

8 out of 10 CHOs are facing difficulties finding suitable workforce

Wednesday, April 5, 2017

Over 80 percent of CHOs (Chief Human Resources Officer) struggle due to a talent shortage – finding and hiring the right professionals, particularly in the industry, services and trade sectors, romaniajournal.ro reports. Consequently this becomes a key trigger for outsourcing, GfK’s Insight Into Multi-Country Outsourced Services Trendsresearch, commissioned by TMF Group, reveals. The quoted research seeks to identify trends in ...

Founding for SMEs under the European Fund for Strategic Investment (EFSI) is seen by Romania as a priority

Wednesday, April 5, 2017

Funding for small and medium-sized enterprises (SMEs) under the European Fund for Strategic Investment (EFSI) is seen by Romania as a priority for key areas such as agriculture, forestry and tourism, Minister-delegate for European Funds Rovana Plumb said Thursday after a meeting on Brussels with European Commission Vice-President for Jobs, Growth, Investment and Competitiveness ...

US companies offered Prime Minister Sorin Grindeanu a roadmap on the rule of law

Wednesday, April 5, 2017

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A delegation of US companies offered Prime Minister Sorin Grindeanu a roadmap, written by experts from Washington, with provisions on the rule of law, transparency and efficiency that US business people consider as priorities for the business development between the two ...

Romanian M&A market down 3 pct to USD 3.54 bln in 2016

Wednesday, April 5, 2017

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The Romanian market for mergers&acquisitions slowly went down by 3 percent in 2016 compared with 2015 to USD 3.54 billion, according to a report by professional services firm EY. The number of transactions also decreased from 123 in 2015 to 113 in 2016. Only three countries from Central and South Eastern (CSE) region registered a growth in 2016 in the number of transactions: Czech Republic, Croatia and Greece. The most ...

Epson study: only half of companies are implementing new IT systems

Wednesday, April 5, 2017

Each employee in Romania loses more than a work week annually due problems caused by IT systems and equipment, Epson Europe study reveals, a press release informs. This is equivalent to a productivity cost of EUR19 billion. Of this amount, more than half is attributed to printers, namely EUR 9.7 billion. While the feedback from the 100 employees surveyed in the study suggests that they lose an average of 10 minutes daily, the role of printers continues ...

Coface Romania to open IT development centr? in April

Wednesday, April 5, 2017

The Romanian unit of French credit insurance agency Coface said on Wednesday it will open an IT development centre in Bucharest in early April, seenews.com informs. The centre will employ 80 people and will allow the company to make better use of its expertise, Coface Romania said in a press release. "Creating the new IT development centre based in Bucharest is part of our strategic plan to become the most agile global ...

"Start-up Nation Romania" government programme will be launched in May

Wednesday, April 5, 2017

The majority of the potential beneficiaries (84.3 pct) of the "Start-up Nation Romania" government programme, which will be launched in May this year, want to obtain the maximum amount provided for, 200,000 lei, being willing to hold two jobs, shows a statistical study conducted by a consulting company, released on ...

Government plans simplified acquisitions bill for strategic sectors

Wednesday, March 29, 2017

The new draft bill that would regulate the strategic acquisitions of the state in key sectors such as large infrastructure and defense is close to completion and will be put up for debate in the Parliament in one month, said the social-democrat head ( PSD), Liviu Dragnea, business-review.eu. “We want simplified procedures and to have guarantees that a decision that is made and the financing that is identified become investments. We don’t ...

IT&C distributor Network One Distribution rents warehouse space in CTPark Bucharest West

Wednesday, March 29, 2017

IT&C distributor Network One Distribution (NOD), owned by eMAG’s Iulian Stanciu, rented a warehouse space in CTPark Bucharest West of over 30,000 square meters, business-review.eu reads. NOD is conducting operations on the Romanian market and that of Moldova and, with a customer portfolio of over 3,000 resellers, is an important provider of local retail networks. Last year the company had RON 930.9 million turnover, 0.06 ...

Damen Shipyards Galati launches vessel for UK client

Wednesday, March 29, 2017

 Damen Shipyards Galati said on Friday it has launched to sea a vessel for UK's Bibby Marine Services Limited, part of Bibby Line Group, seenews.com reports. The pioneering Bibby WaveMaster 1 is the first of Damen’s purpose-built service operations vessels with walk-to-work capability, Damen said in a statement. The 90 m long vessel is built specifically for the transfer and accommodation of offshore personnel and ...

Draxlmaier to slash 800 jobs in Romanian plant

Wednesday, March 29, 2017

German car parts maker Draxlmaier will fire 800 employees from its plant in Pitesti after losing a major client in the automotive sector that decided to move its production from Europe to Mexico, according to a release of the German company, cited by ePitesti.ro, business-review.eu reports. The German company will keep its Engineering and IT development Center in Pitesti and will continue to invest in the dual investment support, according to the ...

Austria's Constantia Flexibles to close Romanian plant by July

Wednesday, March 29, 2017

Austria-based packaging group Constantia Flexibles said it will close down its production plant in Calarasi county, Romania, as part of a plan to optimize its film-based flexible packaging and manufacturing footprint in Europe, seenews.com informs. The closure of the plant is expected to be finalized by July 2017 and will affect about 90 employees, Constantia Flexibles said in a press release on Thursday. Located near Romania's ...

ONRC: 17,251 registrations of individuals and companies was recorded in the first two months of 2017

Wednesday, March 29, 2017

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A number of 17,251 registrations of individuals and companies was recorded in the first two months of 2017, lower by 11.3 percent compared to the similar period of last year when the number of registrations stood at 19,447, according to the centralized data of the National Trade Register Office ...

Nestle Romania sees turnover go up by 13 pct in 2016

Wednesday, March 29, 2017

The Romanian subsidiary of FMCG giant Nestle has reported a turnover approximately RON 750 million (aprox. EUR 167 million) for 2016 which was up 13 percent on the previous year, according to company data quoted by business-review.eu.  “Last year has been a good year for us, an exceptional year, actually,” commented Herve de Froment, head of Nestle’s local operations during a press conference this Tuesday. Moreover, Romania ...

Number of deregistered companies decreased in the first two months of 2017, by 50.81 pct

Wednesday, March 29, 2017

The number of deregistered companies decreased in the first two months of 2017, by 50.81 pct, to 12,792 companies, as compared to 26,006 in the same period last year, according to the statistics of the National Trade Register ...

Logicom’s turnover reaches RON 76.3 mln in 2016

Wednesday, March 29, 2017

Logicom, one of the main distributors of IT solutions and services that recently became Microsoft Cloud Solution Provider, registered a turnover of RON 76.3 million in 2016 and aims to expand its business this year, business-review.eu reports. The company plans to invest in the team’s skills development and wants to attract new brands in the portfolio, as well as to get involved in mergers and acquisitions. The company ...

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