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French investment community interested in Romania’s sustainable urban development

Wednesday, June 7, 2017

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The development of the urban area in Romania is one of the topics of interest for the French investment community, business-review.eu informs. Thus, the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), has recently organized an event aiming to put out relevant solutions for the urban management of cities in Romania. “A durable city has to provide a satisfying balance between three performance ...

Ascendis Health completes acquisition of Romania's Sun Wave Pharma

Wednesday, June 7, 2017

South African over-the-counter (OTC) healthcare products manufacturer Ascendis Health Limited said it has completed the acquisition of Romanian alternative medicine products distributor Sun Wave Pharma, seenews.com informs. Ascendis Health Limited concluded the acquisition for a total consideration of 16.35 million euro ($18.4 million) on June 2, the South African company said in a filing with the Johannesburg Stock Exchange last ...

Penta-backed pharmacies chain Dr. Max launches in Romania

Wednesday, June 7, 2017

Pharmacies chain Dr. Max pharma, which is present in the Czech Republic, Slovakia, Poland and Serbia, has launched its operations in Romania through its legal entity RockyFarm SRL, business-review.eu reports. RockyFarm SRL will take over pharmacies from the networks of Fastpharm SRL, Iezer  Farm  SRL,  Panpharma Med SRL  and  York Farm  SRL.  Based on these contracts, the pharmacies will operate under the brand Dr. ...

Veolia investigated in France over Romania bribery accusations

Wednesday, June 7, 2017

The French police anti-graft department Oclciff started the investigation in November last year, French multinational Veolia to see if it was aware of alleged corrupt practices by its Romanian subsidiary, Apa Nova, following a tip-off from a whistleblower in the company, http://en.rfi.fr/ informs. Quoted sources ...

Minister Petrescu met representatives of JETRO to discuss development of large-scale infrastructure projects

Wednesday, June 7, 2017

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Romania's Minister of the Business Milieu Alexandru Petrescu discussed on Wednesday with representatives of Japan's External Trade Organization (JETRO) plans of Japanese companies to get involved in the development of large-scale infrastructure projects, the Ministry of Business Milieu, Commerce and Entrepreneurship said in a ...

Michelin - 40 years of development that continues with michelin’s recent investment at the Zalau tyre plant

Wednesday, June 7, 2017

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* 40 years history of plant activity * 33 million euros invested with the new development project * 100 new jobs at Michelin Zalau Tyres The Michelin tyre factory in Zalau is celebrating its 40th anniversary, the company said în a press release sent to ACTMedia. The factory started its activity in 1977 with the production of tyres and air tubes under the Silvania name, ...

Danone Romania posts RON 16 mln profit in 2016

Wednesday, June 7, 2017

Danone, the world’s largest yoghurt maker, posted a  profit of RON 16 million in 2016, in Romania, while its revenues amounted to RON 479 million, business-review.eu informs.  “Danone’s business results in Romania in 2016 offer a basis for sustainable further development of the business and for local investments, including in the Bucharest factory and the development of our local partners delivering our milk. Danone ...

Romanian Post National Corporation has reported a 2016 gross profit of 3.8 million euros

Wednesday, June 7, 2017

The Romanian Post National Corporation (CNPR) has reported a 2016 gross profit of 3.8 million euros (17.2 million lei), on revenues of 1.135 billion lei, compared with a loss in 2015 of 30 million lei following the payment of a fine slapped on the corporation by the Competition Council for unfair trade actions in ...

Vasilescu (BNR): 40% of 600,000 companies have debts higher than their capital

Wednesday, May 31, 2017

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About 40% of 600,000 Romanian companies that present annual reports have debts higher than their assets, from loans that are not made to banks, says Adrian Vasilescu, strategy consultant at the National Bank of Romania (BNR). “Banks are responsible for many things in economy, but they are also financing centres for economy. We have 700,000 companies in Romania, but 100,000 of them do not have annual reports. Therefore they do not exist, What is ...

The trade register office: the Romanians set up 45,345 companies in the first four months of 2017

Wednesday, May 31, 2017

The Romanians set up, in the first four months of this year 45,345 new companies, growing by 6.4% against the same period of 2016, especially as a result of the growth with almost 4% of the  recording of companies  of limited responsibility (SRL) show the statistics published on Wednesday by the National Office of the Trade Register. (ONRC). Between January – April 2016 in Romania were recorded 42,604 new ...

The general manager Renault Romania: we have 500 to recruite this year

Wednesday, May 31, 2017

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The Renault group will continue to hire this year, especially engineers in the context where the company planning includes 500 people to be recruited this  year and the production of parts increased on the Mioveni platform, and the salary increases in the public sector do not pressure recruitment, stated on Wednesday the manager of the Renault group Romania, Yves Caracatzanis, in a meeting with the journalists. The plenary of ...

Japan’s Calsonic to build new plant in Romania

Wednesday, May 31, 2017

Japanese Calsonic Kansei will start the construction of a new plant near the Romanian city of Ploiesti, where the company already has a manufacturing unit since 2006, business-review.eu reads. This is will be greenfield investment in the electronics component plant for the ...

eMAG enters delivery market by acquiring Sameday Courier

Wednesday, May 31, 2017

E-commerce player eMAG, controlled by Naspers, has taken an 80 percent stake in delivery company Sameday Courier, business-review.eu informs. The deal will support the investments of Sameday Courier in technology, the network and the team. The transactions comes more than three months after the delivery firm delisted itself from the Bucharest Stock Exchange (BVB). “We needed a new partner to help manage this fast ...

IMMOFINANZ’s rental income in Romania to EUR 12.2 mln in Q1

Wednesday, May 31, 2017

At the end of the first quarter of the 2017 financial year,IMMOFINANZ’s rental income in Romania totals EUR 12.2 million, accounting for 21.4 percent of the Group’s total rental income, business-review.eu reports. The IMMOFINANZ properties in Romania represent 21.2 percent of the company’s total portfolio (excluding Russia), including 72 properties (17 standing investments, 3 developments, 8 real estate inventories (apartments that ...

Romania's Teraplast gets regulatory nod to acquire 50% of Depaco

Wednesday, May 31, 2017

Romanian plastic products manufacturer Teraplast [BSE:TRP] said on Tuesday the country's competition authority has approved its acquisition of 50% of the capital of local metal roof tiles producer Depaco, seenews.com informs. After the completion of the deal, the founder of Depaco, Dragos Irimescu, will remain an important shareholder of the company, while Valeriu Irimescu will be its CEO, Teraplast said in a filing with the Bucharest Stock ...

Sven Marinus is the new CEO of Sodexo Romania

Wednesday, May 31, 2017

Sven Marinus is the new CEO of Sodexo Benefits & RewardsRomania starting May, business-review.eu informs. In his new position, Marinus will be responsible for the administration and management of the current operations, as well as the strategic and commercial direction of the company in Romania. „I join a team next to whom I will participate to the growth and consolidation of the leader position of the company on local level,” said ...

Austrian companies created over 100,000 jobs in Romania

Wednesday, May 31, 2017

The Austrian direct investments in Romania have reached near EUR 9 billion in 2016, being ranked among the three largest generators of FDI in the country, business-review.eu informs. According to the country’s official trade promotion organization, Advantage Austria, there are approximately 1,500 active Austrian investors in Romania and over 7,200 companies with Austrian capital. The companies active in various sectors ...

Newly set up companies running on foreign capital in Romania increased by 0.38 pct in the first four months of 2017

Wednesday, May 31, 2017

 The number of newly set up companies running on foreign capital in Romania increased by 0.38 pct in the first four months of this year compared to the same period of 2016, reaching 1,825, shows data with the National Trade Register ...

Forum on business opportunities in Romania organised by the Bilbao Chamber of Commerce

Wednesday, May 31, 2017

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Romanian and Spanish companies can lead to an increase in bilateral commercial ties between Romania and Spain as well as in investment footprint, Romania's Minister of Business Milieu, Commerce and Entrepreneurship Alexandru Petrescu told a forum on Friday in Bilbao, Spain, on investment opportunities in ...

McDonald’s investments in Romania reach RON 20 mln in 2016

Wednesday, May 31, 2017

Restaurants chain McDonald’s Romania, owned by Premier Capital, has invested over RON 20 million in its operations last year, while the budget for the expansion of the McCafe chain stood at RON 7.5 million, business-review.eu informs. After taking ...

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