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Ten Romanian companies were included in the report ‘ A thousand companies to inspire Europe 2017’

Wednesday, September 13, 2017

  All View, B&B Collection, Complet  Electro Serv, Elbi Electric&Lighting, Fan Courier, Gradinariu Import Export, Medist Group, Microfruits, Neptun and Vox Carrier are the ten Romanian companies included in the report ‘ A thousand  companies to inspire Europe 2017’ made by the Stock Exchange London. According to the report made public on Monday 11 September the ten Romanian companies have 3615 ...

Ambassador Karsten Vagn Nielsen: Danish businesspersons operating in Romania will continue investments in technology and know-how to develop the companies

Wednesday, September 13, 2017

Romania has a huge potential in agriculture and the Danish businesspersons operating in Romania will continue investments in technology and know-how to develop the companies and become more profitable from one year to another, said Ambassador of Denmark in Bucharest, Karsten Vagn ...

Firms with suspended activity in Romania down by 17.36 pct in the first 7 months

Wednesday, September 13, 2017

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The number of firms with suspended activity went down by 17.36 percent in the first 7 months of this year, while the number of dissolved companies decreased by 19.88 percent compared with the same period of 2016, according to the data of the National Trade Registry Office (ONRC), business-review.eu reports. During the mentioned period, 8.690 firms suspended their activity. Bucharest is on the first place based suspensions of the firms’ activity, ...

Projects approved in the Start-up Nation program, sold on ad sites

Wednesday, September 13, 2017

Entrepreneurs who have not received funding for the projects submitted in this year’s Start-up Nation Romania session have the opportunity to buy a ready-approved project and the financing agreement signed, romaniajournal.ro informs. Those who got the funding are willing to sell their newly established firms, avocatnet.ro informs. Thus, the owners of several businesses selected in Start-up Nation Romania posted ads on online platforms and are ...

Atos Romania expects revenues to grow 35% in 2017

Wednesday, September 13, 2017

French group Atos plans to reach a turnover of over RON 320 million (about EUR 72 million) in 2017 in Romania, up 35 percent from 2016, according to local paper Ziarul Financiar citing estimates of local subsidiary Atos IT Solutions' representatives. In the first half of this year, Atos IT Solutions and Services raised its revenue by 42 percent to RON 162.504 million. Increases were recorded  all business lines, Country Manager for the local ...

Evadix to sell flexible packaging business in Romania to Bemis

Wednesday, September 13, 2017

Belgian polymer printing services group Evadix said it will sell its Romanian subsidiaries Labels and MPI to US-based plastic packaging manufacturer Bemis for 3.3 million euro ($3.98 million), seenews.com informs. The transaction is expected to be completed in the fourth quarter of 2017, Evadix said in a press release on Sunday. The acquisition will enable Bemis to increase its ability to produce and process packaging films in ...

Communications ministry's Control Body sent to the Romanian Post National Company

Wednesday, September 13, 2017

Minister of Communications and Information Society Lucian Sova on Monday morning requested the resignation of all members of the Romanian Post Company's Board of Directors, as well as of Post acting managing director Andrei Stanescu, due to last year's bad management, reads a release of the relevant ministry ...

PM Tudose after meeting Ford officials: Romania is a favorable environment for investments’ growth

Wednesday, September 13, 2017

PM Mihai Tudose met this Friday with a delegation of Ford company led by the vice-president Andrew McCall, business-review.eu informs. The meeting is part of the constant dialogue between the Government and the business environment representatives, according to a Government release. According to the source, McCall discussed about the implementation stage of Ford’s investment at Craiova, including the creation of 1,700 new jobs announced ...

ENEL IN TOP 20 OF FORTUNE’S “CHANGE THE WORLD” LIST

Wednesday, September 13, 2017

The Group is the only utility and only Italian company in the list Enel ranks 20th in Fortune’s 2017 “Change the World” list, a ranking of the top 50 businesses in the world that had a positive social impact through activities that are part of their business strategy and operations, the company informs în the pressrelease sent to ACTMedia. The Group is the only utility ...

Coface: Romania ranks 4th, with 65 companies in Top 500 large companies in Eastern Europe

Wednesday, September 13, 2017

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Automobile Dacia, OMV Petrom Marketing and OMV Petrom are the Romanian companies on the highest positions among the ones listed in the Top 500 Companies in Central and Eastern Europe (13th, 22nd and 31st positions respectively), presented on Wednesday by Coface and based on the turnover criterion, romaniajournal.ro reads. In the top rank first PKN Orlen (Poland), Skoda and MOL (Hungary), and the countries with most companies in the rankings are Poland ...

Turkish telecom operator Euroweb ups turnover 20% in Romania

Wednesday, September 13, 2017

Telecom operator Euroweb Romania, the local subsidiary of the Turkish group Turk Telekom International, recorded a 20% increase in its turnover in the first six months of this year compared to the same period in 2016, romania-insider.com reports. The company estimates that it will exceed its EUR 9 million sales target for this year, ...

Opportunity costs of potential investments, foreigners main concern

Wednesday, September 6, 2017

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Fiscal instability that has been mastering Romania in the past months significantly contribute to the deterioration of the foreign investors confidence, in a global context in which the confidence of emerging economies is dropping, following modest evolutions of global economic activities, and of political uncertainties and geopolitical tensions, says Ruxandra Popescu, policy expert on credit risk at European Banking Authority (EBA). The present ...

Postal services market goes up 8% in Romania

Wednesday, September 6, 2017

The postal services market went up by 8% last year, reaching RON 2.6 billion (EUR 570 million), according to the local telecom regulator ANCOM, romania-insider.com reports. Some 236 companies operated on this market last year. The top ten players had a share of 87% of the turnover on this market. The volume of postal items processed in Romania went down by 15% last year, to 554 million. The number of items ...

Study: Romanian SMEs trading internationally have more confidence in the economy

Wednesday, September 6, 2017

Romanian SMEs trading internationally have more confidence in the economy and could create additional jobs, reads a research conducted by Facebook, the Organization for Economic Cooperation and Development (OCDE) and the World Bank. "Small businesses ...

Chinese ambassador's visit to the County of Dambovita spearheads Chinese investments at local level

Wednesday, September 6, 2017

 The Chinese ambassador in Bucharest Xu Feihong on Tuesday said in a press statement in Targoviste (northwest of Bucharest) that he talked with the local authorities about the cooperation in agriculture, home appliances manufacturing, stressing that his visit to the County of Dambovita spearheads Chinese investments at local ...

Immofinanz made income out of rent of 24,6 million euro in Romania in Q1

Wednesday, September 6, 2017

Immofinanz, one of the most important players on the real estate market in Romania reported for Q1 income out of rent in Romania worth 24,6 million euro which represents 21.4% of the income of total rent at the level of the group, according to the data reported by the group on Wednesday. The Immofinanz properties of Romania represent 20.7% of the total portfolio of the company, without the assets of Russia. ‘The 72 ...

New Move at Tactical Missile Sphere

Wednesday, September 6, 2017

The European missile systems manufacturer MBDA has signed a Memorandum of Understanding (MoU) with Romanian defence group Romarm and its subsidiary Electromecanica Ploiesti that permits them to define and present the best French proposal for tactical missile systems, i-hls.com informs. The MoU was signed in response to the operational requirements of the Romanian Armed Forces for land based air defense systems. The MoU was signed during the visit of ...

Renault’s future Bucharest HQ to be ready by 2019

Wednesday, September 6, 2017

Representatives of French car producer Group Renault Romania and real estate developer Globalworth officially kicked off the construction of Renault’s future headquarters in Bucharest, romania-insider.com informs. Renault Bucharest Connected (RBC) will bring together all the group’s activities in Bucharest. The future seven-floor headquarters will be located in Western Bucharest. It will cover ...

Coface Romania: Insolvencies in H1, at the minimum of the last 10 years, losses – at the highest level

Wednesday, September 6, 2017

The number of insolvencies in the first half of the current year is at the minimum of the last ten years, but the losses generated to the creditors are at the highest level in the period analysed, Coface informs in a press release quoted by romaniajournal.ro. Although the number of insolvencies in the first semester of 2017 is similar to that of the last year, namely 4,442 new proceedings, the companies with a turnover of more than EUR 1 million which ...

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