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Creation of firms with foreign capital in Romania hits 18-year low in 2016

Wednesday, February 15, 2017

Romania registered in 2016 the smaller number of new firms with foreign capital out of the last 18 years, according to the National Trade Registry Office (ONRC), business-review.eu informs. Thus, 5,348 firms with foreign capital were founded last year, a drop from 5,831 units in 2015. After 1991, the most companies were set up in 2007, of over 15,000 firms with foreign capital. At the opposite side, the fewest firms (3,400) in this category were ...

Orsova Shipyard ended 2016 with a net profit of over 2.79 million lei

Wednesday, February 15, 2017

The Orsova Shipyard ended 2016 with a net profit of over 2.79 million lei, up six times from the previous year, according to data released on the website of the Bucharest Stock ...

Companies in the defence industry can invest 60 percent of the amounts

Wednesday, February 15, 2017

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Economy Minister Alexandru Petrescu announced on Thursday that, according to a normative act adopted by the Government, the companies in the defence industry will be able to invest in modernisation and re-technologisation 60 percent of the amounts obtained by capitalising on ...

‘No comment’ on Romania €1bn deal rumour

Wednesday, February 15, 2017

Reports from Bucharest say OTE may sell Telekom Romania but OTE and potential purchaser Orange refuse to comment, globaltelecomsbusiness.com informs Orange and Greek operator OTE are refusing to confirm or deny a report in a Romanian financial newspaper that Telekom Romania is up for sale.The report says Orange is talking about acquiring the fixed network, while cable operator RCS-RDS is ...

Romanian businesses spent on average 115 euros for the training of an employee în 2016

Wednesday, February 15, 2017

Romanian businesses last year spent on average 115 euros for the training of an employee, up 5 percent from 2015, provider of leadership and human resources solutions HPDI said in a ...

ALD Automotive Romania appoints Daniela Davidescu as operations director

Wednesday, February 15, 2017

Starting January 3, Daniela Davidescu, former director of the Contact Center within BRD, the Romanian subsidiary ofSociete Generale group, was appointed Operations director atALD Automotive Romania, business-review.eu reports. Davidescu will be responsible for the administration of acquisition and delivery services of new cars, post-sales services (maintenance, insurances, assistance, tires, customer care, etc) and sales activities of the used ...

ELCEN, RADET, Polisano, CE Hunedoara and CET Govora, the biggest insolvencies in 2016

Wednesday, February 8, 2017

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Electrocentrale Bucuresti (ELCEN), the Autonomous Company for the distribution of therman energy Bucharest (RADET), Polisano SRL, theEnergy Complex Hunedoara and CET Govora are the biggest companies, according to their fiscal value, which got into insolvency in2016 according to the data announced by Coface Romania. As a whole, the number of big companies, with fiscal value of over one million euro which got into insolvency last year are 333, dropping ...

UNPR: Romania must " urgently open the gates of dialogue” to return to a state of normality

Wednesday, February 8, 2017

The National Union of Romanian Employers (UNPR) requests all responsible and decision-making factors of Romania "to urgently open the gates of dialogue among themselves", because this is the only way the best solution for Romania can be sketched. "We make an appeal to the Romanian Presidency, to Romania's Parliament and Government, the representatives of all the important state institutions, of the business milieu and of civil society to urgently open the ...

ERT’s Benchmarking Report 2016: Innovation, digitisation and integrated, open markets are key to Europe’s future competitiveness.

Wednesday, February 8, 2017

Industry remains the backbone of the European economy, contributing more than 30% of GDP growth and more than 80% of private R&D spending, a press release sent to ACTMedia informs. Current times are challenging both globally and in Europe. Anti-globalisation and protectionism are on the rise; people are increasingly concerned about whether Europe offers prosperity and a fair participation for its ...

Food Union Group receives EUR 214 mln investment from PAG and meridian capital

Wednesday, February 8, 2017

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Food Union Group, an international group of dairy and ice cream producing companies, and the owner of Romania’s ice cream manufacturer ALPIN57LUX, as well as the leading ice cream manufacturer in the Baltics, has received a combined EUR 214 million (USD 225 million) investment from PAG, one of Asia’s largest private equity firms, and Meridian Capital, an existing investor, a statement sent to ACTMedia ...

CEMACON ended 2016 with a turnover of 20 ml lei

Wednesday, February 8, 2017

Ceramic blocks manufacturer CEMACON ended 2016 with a turnover of 20 ml lei, by 28 pct higher against the previous year, and a net profit of five million lei (rd 1.1 million euro), the company said in a release. "We end a spectacular year, as 2016 was the best on the record for CEMACON. We hit major highs in all business aspects: we doubled our estimated growth target as the turnover went up 28 percent as a result of our capitalizing on domestic and market ...

8,371 of companies entered insolvency în 2016

Wednesday, February 8, 2017

A number of 8,371 of companies entered insolvency last year, decreasing 18.48pct from 2015, according to the data of the National Trade Register Office (ONRC). Most of such cases were registered in Bucharest Municipality, namely 1,771 (-2.48pct compared to the period January-December 2015), the Capital being followed by Bihor county, with 422 (+2.3pct), and Timis county with 406 (+17.81pct). Depending on the activity sector, most of the insolvencies were ...

Publicis Romania/Publicis One, ranked first in Romania on number of awards from 2016

Wednesday, February 8, 2017

Publicis Romania/Publicis One is ranked first in the Romanian top agencies, based on the number of awards received at the international advertising festivals in 2016, according to the Gunn Report, which tracks the most awarded agencies, networks, clients and ads, business-review.eu informs. “Our agency has grown very much in the digital, strategy and creativity areas. I’m very proud of all the Publicis team, which ...

Erik Hageleit appointed Hochland Romania's general director

Wednesday, February 8, 2017

Erik Hageleit has been appointed as the new general manager of Hochland Romania, one of the biggest players on the local dairy market, as of January 1. “I am truly honored to join Hochland Romania as general manager and I am glad to return to Romania. It is a country where I enjoyed working and living, a place filled with first class professionals. I am very impressed with Hochland’s achievements in Romania ...

Japan’s ROKI to enter Romanian market, opening auto filters factory in Arad

Wednesday, February 8, 2017

Tokyo-based auto filters manufacturer ROKI has leased for five years a 5,500 square-meter unit in the CTPark Arad (Western Romania), with extension options, according to a press release. The space will include logistics and offices and social areas. This project is the first in Europe as a production facility for the group and is meant to supply ROKI’s customers and original equipment manufacturers, mainly in the European ...

A factory for auto parts for Germany will be set up in Romania

Wednesday, February 1, 2017

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A factory to supply auto parts to companies in the auto industry in Germany will be set up, in March, in Calafat, city which faces a serious lack of work places. The company which will set up the factory of auto parts was recently founded in Calafat and will have partners in the auto industry in Germany. For the investment, the company acquired five warehouses of a former factory for equipment parts, paying for it almost 300,000 ...

Penny Market rolls out new brand communication in Romania

Wednesday, February 1, 2017

Rewe Romania has launched the concept „de Romania”, through which it communicates the evolution of the Penny Market brand positioning, business-review.eu informs. Moreover, the company has launched Penny FM, the radio station that will greet with hospitality its clients and employees in all the Penny Market stores. „In the context of the extensive standardization and globalization, we chose to concentrate ourselves on the local ...

eMAG forecasts EUR 1 billion revenues in 2017, opening of 800 delivery points

Wednesday, February 1, 2017

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MAG, one of the biggest online retailers in South-Eastern Europe, aims to reach the EUR 1 billion revenues mark by the end of the year, for all markets it operates on, business-review.eu report. Moreover, the retailer hopes to reach 800 delivery points. eMAG CEO Iulian Stanciu recently said he expects the retailer’s business in Romania to grow by 20 percent this year, after last year’s 40 percent ...

Romanian drug distributor Europharm invests 1 mln euro in hybrid vehicles

Wednesday, February 1, 2017

Romanian pharmaceutical wholesaler Europharm Distributie said on Thursday it has invested 1 million euro ($1.4 million) in hybrid vehicles in a step towards making its fleet entirely hybrid, seenews.com informs. Over 80 cars will be replaced by hybrid models by the end of January, Europharm said in a press release. In 2016, the company renewed its freight vehicle fleet, following 1.5 million euro ...

PwC Romania recruits public sector expert Livia Stan

Wednesday, February 1, 2017

Professional services firm PwC Romania has appointed Livia Stan as director in the Tax and Legal Services department, business-review.eu reads. She will also be part of the firm’s  Public Sector Services team. Stan has previously held senior roles in the public sector administration. She was general director in the Ministry of Finance and secretary general in the Ministry of Health. Mihaela ...

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