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Avicola Crevedia, put up for sale

Wednesday, April 12, 2017

The farms and factories of Avicola Crevedia, part of Agroli group, have been put up for sale, together with the company’s headquarters via a Dutch public tender, reports ...

Ford starts recruiting close to 1,000 people in Romania

Wednesday, April 12, 2017

American car maker Ford has kicked off a massive recruitment campaign in Romania, business-review.eu informs. The company will create 976 new jobs at its plant in Craiova, southern Romania, where it manufacturers the B-max model and the engine 1.0 EcoBoost. The company will make in Craiova the small-SUV model EcoSport, which required additional investments of EUR 200 million. In total, Ford has invested EUR 1.2 billion in its Romanian ...

Romania's Libra Internet Bank profit rises 35% in 2016

Wednesday, April 12, 2017

Romania's Libra Internet Bank said on Wednesday it posted a 32.5 million lei ($7.6 million/7.1 million euro) net profit in 2016, up 35% from the previous year, seenews.com informs  Net assets rose 41% to 3.39 billion lei, the bank said in a press release. Deposits reached 3.04 billion lei, up by 38% on the year, while loans amounted to 2.09 billion lei, up 60% on the year. The bad loans ...

DNA Ploiesti asked ban on the dissolution or liquidation of companies SC Asesoft International and SC Teamnet International SA

Wednesday, April 12, 2017

Prosecutors of the National Anticorruption Directorate (DNA) Ploiesti branch asked the Prahova Tribunal, as a preventive measure, to instate a 60-day ban on the dissolution or liquidation of companies SC Asesoft International and SC Teamnet International SA, controlled by controversial politician and businessman Sebastian Ghita, or - where appropriate - to suspend ...

JLL’s transactions with industrial spaces of 100,000 sqm in Q1

Wednesday, April 12, 2017

JLL intermediated transactions with industrial and logistics spaces of 100,000 sqm overall in the first quarter, for companies such as Profi, NOD, Tibbett Logistics, KLG and Kuehne + Nagel, business-review.eu informs. The most important intermediations as leasable surface was the rental of 30,000 sqm by Profi in Roman and by NOD of 30,000 sqm in Bucharest. As a result, the Belgian developer WDP is building a new warehouse ...

Romanian Post Service will get a capital injection of 170 million lei

Wednesday, April 5, 2017

The Romanian Post Service will get a capital injection of 170 million lei, Communications Minister Augustin Jianu told a specialist conference on Tuesday, adding that the service's fortunes can improve by providing parcel and financial services. "The Romanian Post has a phenomenal potential, especially as far as the parcel market is concerned. The Post has proved it can and it has indeed run on a profit teamed up with eMag. In order to benefit the most, we ...

Minister Petrescu: prevention law tries to eliminate the perception of invasive control

Wednesday, April 5, 2017

The prevention law tries to eliminate the perception of invasive control, this being the first step towards the next stage, which is the trust stage, Minister for Business Environment, Trade and Entrepreneurship Alexandru Petrescu stated on Tuesday at the forum regarding the "Start-Up Nation- Romania" Programme. "The Prevention Law tries to eliminate the perception of invasive control. It tries to eliminate the individual who sits in front of your business ...

CCIR vicepresident, Vasile Bar: Private business worried by salary increases in public sector

Wednesday, April 5, 2017

Vasile Bar, the vicepresident of Romania’s  Chamber of Commerce and Industry (CCIR), who is also president of Chamber of Commerce and Industry Bistrita Nasaud, declared on Thursday at a press conference that private businesses worry about salary increases granted in the state budget system,” because an exodus had started from the private to the state sector, where salaries are two or three times higher than in the private ...

CAPACITY INCREASE IN MICHELIN’S STEEL-CORD FACTORY IN ZALAU

Wednesday, April 5, 2017

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- 60 million euros invested in the Michelin Zalau Steel-Cord plant - 140 new jobs to be created - 50% increase of steel cord production The Michelin Group is investing 60 million Euros in its Steel-Cord factory in Zalau to increase the production capacity by 50% until 2019, the companu informs în a press release sent to ACTMedia. Thanks to the investment project, 140 new ...

Albalact has a new general director, deputy general director

Wednesday, April 5, 2017

Giampaolo Manzonetto, 45, has been appointed as the new general director of Albalact Romania, the dairy producer, which is controlled by Lactalis Group, business-review.eu informs. Manzonetto is the general director of Lacatlis Romania and Parmalat Romania and following the most recent appointment he will manage all the operations of the group in Romania. “I have a long management experience ...

APS Romania’s turnover up 35 pct to over EUR 14.4 mln in 2016

Wednesday, April 5, 2017

APS Romania, the company specialized in investments and claims management, registered a turnover over EUR 14.4 million in 2016, a growth by 35 percent compared with 2015, after 10 years of presence in Romania, business-review.eu reports.  The company also estimates a profit growth of 10-15 percent in 2017. „In the 10 years of presence on the market, we have a year to year exponential ...

Romanian companies are bracing up for a though year; 1 in 5 firms forecasts lower turnover in 2017

Wednesday, April 5, 2017

Amid the political turmoil at the beginning of this year, companies’ growth forecasts are quite reserved, romaniajournal.ro reads. According to ’Business evolution in 2017’ survey on the Romanian business environment, no less than 19 percent of the companies expect their turnover to dwindle this year, whilst 43 percent forecast an increase of only 1-10 percent in 2017. ”Even though the realities of each industry are particular, ...

8 out of 10 CHOs are facing difficulties finding suitable workforce

Wednesday, April 5, 2017

Over 80 percent of CHOs (Chief Human Resources Officer) struggle due to a talent shortage – finding and hiring the right professionals, particularly in the industry, services and trade sectors, romaniajournal.ro reports. Consequently this becomes a key trigger for outsourcing, GfK’s Insight Into Multi-Country Outsourced Services Trendsresearch, commissioned by TMF Group, reveals. The quoted research seeks to identify trends in ...

Founding for SMEs under the European Fund for Strategic Investment (EFSI) is seen by Romania as a priority

Wednesday, April 5, 2017

Funding for small and medium-sized enterprises (SMEs) under the European Fund for Strategic Investment (EFSI) is seen by Romania as a priority for key areas such as agriculture, forestry and tourism, Minister-delegate for European Funds Rovana Plumb said Thursday after a meeting on Brussels with European Commission Vice-President for Jobs, Growth, Investment and Competitiveness ...

US companies offered Prime Minister Sorin Grindeanu a roadmap on the rule of law

Wednesday, April 5, 2017

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A delegation of US companies offered Prime Minister Sorin Grindeanu a roadmap, written by experts from Washington, with provisions on the rule of law, transparency and efficiency that US business people consider as priorities for the business development between the two ...

Romanian M&A market down 3 pct to USD 3.54 bln in 2016

Wednesday, April 5, 2017

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The Romanian market for mergers&acquisitions slowly went down by 3 percent in 2016 compared with 2015 to USD 3.54 billion, according to a report by professional services firm EY. The number of transactions also decreased from 123 in 2015 to 113 in 2016. Only three countries from Central and South Eastern (CSE) region registered a growth in 2016 in the number of transactions: Czech Republic, Croatia and Greece. The most ...

Epson study: only half of companies are implementing new IT systems

Wednesday, April 5, 2017

Each employee in Romania loses more than a work week annually due problems caused by IT systems and equipment, Epson Europe study reveals, a press release informs. This is equivalent to a productivity cost of EUR19 billion. Of this amount, more than half is attributed to printers, namely EUR 9.7 billion. While the feedback from the 100 employees surveyed in the study suggests that they lose an average of 10 minutes daily, the role of printers continues ...

Coface Romania to open IT development centr? in April

Wednesday, April 5, 2017

The Romanian unit of French credit insurance agency Coface said on Wednesday it will open an IT development centre in Bucharest in early April, seenews.com informs. The centre will employ 80 people and will allow the company to make better use of its expertise, Coface Romania said in a press release. "Creating the new IT development centre based in Bucharest is part of our strategic plan to become the most agile global ...

"Start-up Nation Romania" government programme will be launched in May

Wednesday, April 5, 2017

The majority of the potential beneficiaries (84.3 pct) of the "Start-up Nation Romania" government programme, which will be launched in May this year, want to obtain the maximum amount provided for, 200,000 lei, being willing to hold two jobs, shows a statistical study conducted by a consulting company, released on ...

Government plans simplified acquisitions bill for strategic sectors

Wednesday, March 29, 2017

The new draft bill that would regulate the strategic acquisitions of the state in key sectors such as large infrastructure and defense is close to completion and will be put up for debate in the Parliament in one month, said the social-democrat head ( PSD), Liviu Dragnea, business-review.eu. “We want simplified procedures and to have guarantees that a decision that is made and the financing that is identified become investments. We don’t ...

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