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Industrial Barometer: Industrial output decreased in December

Wednesday, February 1, 2017

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Industrial output decreased in December, and the number of employees indicator shows that companies have carried out redundancies amidst temporary contract employees, shows the Industrial Barometer in Romania conducted by IRSOP Market Research and The National School of Political Science and Public Administration (SNSPA), sent to ...

Miele sees 56% higher sales in Romania

Wednesday, February 1, 2017

German group Miele, active on Romania’s premium appliance market since 2007, posted a turnover of EUR 5.5 million last year, up 56% compared to 2015. The best-selling product categories were vacuum cleaners, with about 6,000 units, washing machines and dryers (2,000 units), and dishwashers. “We have witnessed a significant increase last year in the local market of home appliances, with a focus on the premium ...

H&M sales in Romania climb 17% in FY 2016

Wednesday, February 1, 2017

The sales of Swedish fashion retailer Hennes&Mauritz (H&M) in Romania increased by 17% to 2.1 billion Swedish crowns ($238 million/222 million euro) in financial year 2016 ended November 30, the company said on Tuesday, seenews.com reports. In the local currency, H&M sales in Romania grew 18% over the review period, the company said in its full-year financial report. In the fourth quarter alone, H&M sales in ...

Farmec to add stores, boost turnover in 2017

Wednesday, February 1, 2017

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Romanian cosmetics producer Farmec said on Tuesday it plans to open 15 new stores in the country and increase sales turnover by 15% in 2017, seenews.com informs. Some of the 15 stores will be located in big shopping centers, Farmec sales manager Codrean Pop said in a press release. Last year, Farmec opened 8 new stores in Romania, taking the total number of units to 11. The company is present in Cluj Napoca, Bucharest, Sibiu, ...

C&A retailer - profit of million euros in Romania, losses in Spain and Portugal

Wednesday, January 25, 2017

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Fashion retailer C&A doubles its net profit in Romania in the last two years. On the other hand, 28 stores closed down in Portugal and Spain because of losses. At present the chain includes 106 stores in this country, the first one opened 34 years ago. El Pais, quoting company sources, shows that the decision was made because of repeated losses recorded by the retailer. In exchange, C&A business in Romania has grown. ...

Skanska starts a new office project in Bucharest

Wednesday, January 25, 2017

Skanska Construction Romania, owned by the Swedish group Skanska, will invest EUR 38 million in the first office building of the Campus 6 project located in Western Bucharest, near the Polytechnic University. The construction of this building, which will have a leasable area of 22,000 sqm, has already begun, and should be completed in the third quarter of 2018. The building, which is located near the Politehnica subway station, ...

Tremend targets 40% turnover increase in 2017

Wednesday, January 25, 2017

Romanian software company Tremend forecasts a 40% turnover increase in 2017, from EUR 3.5 million in 2016, mainly due to the high demand for advanced software solutions. The increase is based on both the consolidation of existing accounts and the expansion of the client portfolio, according to a company statement. “In 2016 we had a balanced growth. We expanded our portfolio, and five new companies entered among the top ten ...

Metro Group sells four Real hypermarkets in Romania

Wednesday, January 25, 2017

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German Metro Group has sold the four Real hypermarkets that it still owned in Romania, five years after selling 20 Real stores to Auchan, business-review.eu informs. The stores were bought by Cyprus-based Terazone Enterprises Limited, according to a company statement ...

Businessman who brought H&M to Romania named State Secretary

Wednesday, January 25, 2017

Harry-Ilan Laufer, founder of Retail Group and the businessman who brought H&M to Romania was named State Secretary in the Ministry for the Business Environment, Commerce and Entrepreneurship, business-review.eu informs. The decision was signed by PM Sorin Grindeanu. Israel-born Ilan Laufer (33) started his career in 2002 at the real estate consultancy CBRE as Senior Broker. Later, in 2004, he became Development ...

Romanian CEOs among most optimistic worldwide about 2017 revenue growth

Wednesday, January 25, 2017

Romanian CEOs ranked as the third most optimistic business leaders worldwide in terms of growth prospects before their companies, according to the results of a survey conducted by global consultancy PricewaterhouseCoopers (PwC), seenews.com iforms. About 52% of Romanian CEOs say they are very confident about the revenue growth prospects before their companies over the next 12 months, up from 50% last year, according to the results of PwC Global ...

Erik Hageleit is Hochland Romania 's new general director

Wednesday, January 25, 2017

Cheese producer Hochland Romania has appointed the German-born Erik Hageleitas new general director starting January 1 this year. He replaced Sabin Paul Geger, who has managed the company since March last year, according to data published in the Official Gazette. Erik Hageleit was previously the general director of German cosmetics company Maria Galland, according to his LinkedIn profile. In Romania, he led ...

Romania's mergers and acquisition market is estimated to 3.4 - 4 billion Euros in 2016

Wednesday, January 25, 2017

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Romania's mergers and acquisition market is estimated to 3.4 - 4 billion Euros in 2016, increasing by 23 percent, from approximately 2.7 billion Euros in the previous year, Financial Advisory Partner with Deloitte Romania Ioana Filipescu stated on last ...

Romanian company Vector Watch was taken over by Fitbit, the biggest company for portable devices

Wednesday, January 18, 2017

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The Romanian producer of smart watches Vector Watch was taken over by Fitbit, the American leader on the market for fitness portable devices, without making known the value of the trading, according to an announcement published on the site of the company. The Romanian company announces that they want to combine technology with the expertise and global community of Fitbit, the watches keeping their functions and their ...

Romania on 38th place from 50 in the top most innovative economies of the world

Wednesday, January 18, 2017

Romania is placed on the 38th place from 50 in the top of the most innovative economies of the world, while the Northern countries are on the first positions of the Bloomberg Innovation Index, a ranking of economies based on research and development (R&D) expenses and technology companies concentration owned by the state, says Bloomberg cited by business-review.eu. With a score of 57.06 points, Romania perfoms ...

IKEA to open a second store în Bucharest

Wednesday, January 18, 2017

Swedish retailer Ikea announced it plans total investments of EUR 500 million to reach a number of nine stores in Romania. The company currently has one store open in the Baneasa area of Bucharest, with a second one set to open in the capital, on Theodor Pallady boulevard, in 2018. “Romania is the country with the highest development potential in the South East Europe region and we are taking new steps in the expansion process throughout the ...

Bitdefender to purchase French company Profil Technology

Wednesday, January 18, 2017

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Romanian Internet security software company Bitdefender will purchase French company Profil Technology in what represents its biggest deal so far, business-review.eu reads. Bitdefender announced the takeover of Profil Technology, its partner on the French market, as part of the company’s expansion strategy on the large companies segment. This is the biggest acquisition conducted by Bitdefender and comes to strengthen the ...

CPI acquires Felicia Mall in Iasi

Wednesday, January 18, 2017

Czech-based CPI Property Group has agreed to acquire 11 shopping centers and other retail businesses from two funds managed by CBRE Global Investors in the Czech Republic, Hungary, Poland and Romania, the company announced on Tuesday. The transaction will be completed in the first quarter of this year. As regards the local market, the company will buy Felicia Mall in Iasi. A CPI spokesman declined to ...

60 million products delivered in 10 years by Continental

Wednesday, January 18, 2017

The electronic components plant in Timisoara of German automotive group Continental has supplied 60 million units in its 10 years of activity. 2 million parts enter the production line daily and 45,000 products are manufactured every day, a press release informs. “In this period, Continental completes the factory’s third expansion and the products and new lines, which will be installed, as well as the announced large volumes by customer, ...

InterContinental Bucharest has a new General Manager (GM)

Wednesday, January 18, 2017

InterContinental Bucharest appoints Lior Bebera as the new General Manager (GM), replacing Stefan Frank, after being more than four years in this position. According to a press release, in this role, Lior Bebera will be primarily responsible for managing the hotel operations and maintaining the service excellence that is synonymous with the InterContinental Brand, creating “great hotels guests love”. “I am a ...

Companies sold in 2016

Wednesday, January 11, 2017

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The sale of Profi store network, of the tourist complex Amfiteatru-Panoramic-Belvedere in Olimp seaside resort and the takeover of Covalact and Albalact factories by French company Lactalis were some of the most important transactions concluded in 2016. The Competition Council authorised 59 transactions in 2016, according to data supplied by the Competition Authority. Among these transactions we find the takeover of La Fantana shares by Oresa Ventures ...

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