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Trade Register Office : in Romania  there are 1.4 million companies out of which 1.2 million are active

Wednesday, May 24, 2017

In Romania there are 1.4 million companies, out of which 1.2 million are active, the difference of 200,000 being companies  are under dissolution, being written off or closing down, stated on Wednesday for News.ro the general manager of the National Office for Trade Register (ONRC) Valentina Burdescu. The biggest insolvencies or write-off are recorded  in the domain of commerce, constructions, transport as well as among hotels and ...

Ashoka launches in Romania with Top of the Social Innovators

Wednesday, May 24, 2017

Ashoka, the biggest global organization that supports the social entrepreneurs and the social innovation, ranked the social innovators in Romania: over 30 of the most famous names in the social entrepreneurship. Vlad Voiculescu (MagiCamp), Elena Calistru (Funky Citizens), Tica Darie (Made in Rosia Montana), Oana Preda (CeRe) and Cristian Lupsa (Decat o Revista) are among the leaders included in the top.   According to ...

Five Romanian companies among fastest-growing in Europe

Wednesday, May 24, 2017

Five companies in Romania have made it on the list of 1,000 fastest-growing companies in Europe, drawn up by Financial Times, romania-insider.com reads. They are Qubiz, Tremend, Qualitance, Bittnet, and Teamnet, all active in the IT ...

AXA capitalizes its Romanian subsidiary by over RON 90 mln before sale

Wednesday, May 24, 2017

French company AXA injected over RON 90 million its Romanian subsidiary, an operation approved by shareholders before closing the sale to BCR Life and Omniasig, subsidiaries of the Austrian group Vienna Insurance Group (VIG), according to profit.ro quoted by business-review.eu. Out of the total, ...

WIZZ AIR CELEBRATES 13 YEARS OF CONSTANT GROWTH AND REMARKABLE ACHIEVEMENTS

Wednesday, May 24, 2017

  Wizz Air celebrated last Friday the 13th anniversary of its very first flight. In the years that have passed since then, WIZZ has gone on to become the largest low cost airline in Central and Eastern Europe and achieve some remarkable milestones, the company infirms în a press release sent to ACTMedia. Now, Wizz Air customers can join in with the celebration and discover 141 exciting destinations across the Wizz Air low-fare network, with a discount up to 30%* ...

Defense Industry to Show Rapid Growth Due to Increased Defense Expenditure for Modernization of the Armed Forces

Wednesday, May 24, 2017

The modernization of the armed forces to NATO standards and participation in international peacekeeping missions has compelled the Romanian government to increase its defense expenditure, pr.com reports. Thus, the Romanian defense industry has a great future prospect and is the focus of a new research report added to the vast portfolio of Market Research Hub’s online offerings. This research report is titled “Future of the Romanian Defense Industry - Market ...

DPD Romania plans 20% rise in H1 turnover, to invest in IT network

Wednesday, May 24, 2017

Courier services provider DPD Romania said on Thursday it targets a 20% year-on-year rise in turnover to 12.3 million euro ($11.4 million) in the first half of 2017, and plans to invest 2.5 million euro in upgrading its IT network, seenews.com reports. DPD also plans to deliver more than 5 million parcels during the first half of the year, it said in a press release. In 2014, Bulgarian courier services company Speedy bought DPD ...

MARKS & SPENCER ROMANIA CONFIRMS AGREEMENT WITH VOICI LA MODE GROUP

Wednesday, May 24, 2017

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Voici La Mode Group to purchase three M&S owned stores in Romania Remaining three M&S owned stores in Romania will close this autumn Marks & Spencer (M&S) confirms it has signed an agreement with its long-term franchise partner Voici La Mode Group, for the purchase of three M&S owned stores in Romania and to be the ...

Vodafone Romania grows FY revenues 2.7%

Wednesday, May 24, 2017

Vodafone Romania saw its revenues for the fiscal year to 31 March increase 2.7 percent in organic terms to EUR 707.2 million. In the final quarter of the year, service revenue growth slowed to 0.4 percent, to EUR 175 million, telecompaper.com reports. The operator had a total of 8.744 million mobile users at the end of March, down by 19,000 from the end of December. ARPU was EUR 6.0 in the final quarter of the year, down from EUR 6.2 a year ...

Romcarton gets 23.4 mln euro BCR loan for new factory

Wednesday, May 24, 2017

Banca Comerciala Romana (BCR) said on Wednesday it is providing a 23.4 million euro ($25.8 million) loan to cardboard packaging maker Romcarton for construction of a new factory, seenews.com reports. Romcarton, a member of France's Rossmann group, plans to use the proceeds of loan to build a new factory in Popesti-Leordeni, close to capital Bucharest, BCR said in a statement. The construction of the new production unit, which ...

AFI Europe Romania's Q1 net operating income rises

Wednesday, May 24, 2017

Real estate developer AFI Europe Romania said on Tuesday its net operating income rose 12.7% on the year to 12 million euro ($13.5 million) in the first three months of the year, seenews.com informs. AFI Europe Romania is currently developing 80,000 sqm of gross leasable commercial areas, it said in a press release. "The excellent financial results and the continuous improvement in the Romanian economy gives us the opportunity ...

Study Coface: the number of companies who cultivate cereals and have income of over 1 million euro has tripled

Wednesday, May 17, 2017

The number of companies with income higher than 1 million euro out of the cultivation of cereals grew constantly, from 215 in 2008 to 679 in 2015, the share of the market share among them growing from 60% (in 2008) to almost 70% (in 2015) a Coface study shows. According to the financial statements placed at the ministry of public finances for 2015, the number of companies which work in the sector of cereals cultivation (CAEN 0111)is 8,056 out of which ...

Vodafone Romania turnover up by 2.7 percent to over EUR 707.2 mln in FY ending March 2017

Wednesday, May 17, 2017

Vodafone Romania posted a turnover of EUR 707.2 million,up by 2.7 percent year-on-year, in the fiscal year that eneded in March 2017, business-review.eu informs. The company also attracted 320,000 new subscriptions. At the end of the year Vodafone Romania, the second largest local operator of mobile communications counted 9,441,063 users, up by 320,918 year-on-year. Out of the total, 8,744,061 ...

WIZZ AIR CELEBRATES ITS 9TH ANNIVERSARY IN CLUJ: 45% INCREASE YEAR ON YEAR SINCE THE BEGINNING OF 2017

Wednesday, May 17, 2017

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 Wizz Air, the largest low-cost airline in Central and Eastern Europe and Romania’s largest airline, celebrates 9 years of its Cluj-Napoca base and shares the remarkable achievements since the start of its operations at Avram Iancu International Airport, in 2006, the company reports în a press release sent to ACTMedia. Wizz Air, the pioneer of high quality and low-fares air travel in Cluj-Napoca market since 2006, continues expanding ...

Alro registered an adjusted net profit of RON 93 million in Q1 2017

Wednesday, May 17, 2017

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Turnover of RON 634 million, compared to RON 564 million in Q1 2016, up by 12% EBIT of RON 104 million, 4.6 times higher than an EBIT of RON 23 million in Q1 2016 Adjusted net profit of RON 93 million, 2.3 times higher than the one recorded in Q1 2016 Net profit of RON 78 million, compared to RON 27 million in Q1 ...

Antibiotice Iasi registered exports worth 7.1 million dollars in Q1 2017

Wednesday, May 17, 2017

Antibiotice Iasi registered sales on foreign markets worth 7.1 million dollars in the first quarter of this year, 21 pct higher than in the similar period of 2016, according to data provided to the Bucharest Stock Exchange. The exports' rise was mainly due ...

Aerostar Bacau closed Q1 with a 11.06 million lei net profit

Wednesday, May 17, 2017

Aerostar Bacau (aeronautics and defence systems company - ed.n.) closed this year's first semestre with a 11.06 million lei net profit, down by 33.71 pct against the one in the last year's similar period, according to data remitted to the Bucharest Stock ...

Telekom Romania revenues down 1.5% to EUR 229.8 mln in Q1

Wednesday, May 17, 2017

Revenues of Telekom Romania's fixed and mobile units were down 1.5 percent to EUR 229.8 million in Q1, reflecting a solid performance in fixed, driven by the company’s fixed-mobile convergent solution ...

FF Group Romania opens sports store in Baneasa Shopping City following EUR 700,000 investment

Wednesday, May 17, 2017

FF Group Romania has opened a premium multi-brand sports store in Baneasa Shopping City following an EUR 700,000 investment, stocks not included, the company has announced quoted by business-review.eu. Sport Loft is the company’s first store of this kind on the local market. The store covers some 600 sqm and its product portfolio includes brands such as Nike, Jordan, Adidas, Asics, New Balance, Under Armor, Saucony, Mizuno and Reebook. The store ...

German automotive group SHW plans to launch new production unit in Romania

Wednesday, May 17, 2017

German automotive group SHW said on Wednesday it plans to set up a pumps and engine production unit in Romania by the end of 2018, seenews.com informs. "The company is planning high capital expenditure with an estimated range of 29 million - 32 million euro ($31.4 million - 34.8 million) for the fiscal year 2017 and 27 million euro to 30 million euro for the fiscal year 2018 in connection with the development of new markets in China and North America ...

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