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Lactalis to control almost a quarter of Romanian dairy market

Wednesday, December 21, 2016

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French group Lactalis is in position to control 23 percent of the local dairy market, estimated at EUR 800 million, business-review.eu reads. This year Lactalis purchased two of its biggest competitors on the Romanian market – Albalact and Covalact. After completing the first transaction, the company will reach an EUR 182.3 turnover (RON 820 million), Profit.ro reports. The company ...

Immofinanz reports 3 pct rental income increase in H1 for Romanian properties

Wednesday, December 21, 2016

Austrian real estate company Immofinanz has seen its rental income increase by 2.9 percent in the first half of the abbreviated 2016 financial year, totaling EUR 22.9 million, according to company data quoted by business-review.eu. This represents a 14.9 percent share of the group’s total rental income, according to company data. The properties that ...

Five dairy producers, fined for fake bids

Wednesday, December 14, 2016

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The Competition Council sanctioned five companies producers of dairy products with fines worth 8.6 milion lei for the faking of bids, the highest fine being taken by Albalact, 5 million lei respectively,a press release of the institution says. ‘The fined companies are: Albalact SA, almost 5 million lei, Simultan SRL – 2.2 million lei, Dorna SA -1.02 million lei, Lacta SA – 261,306 lei and Deltalact SA – 139,860lei’ the ...

Summit of Integrity for Prosperity:two thirds of the companies consider that they have an ethical code (survey)

Wednesday, December 14, 2016

Two thirds of the companies in the Romanian business environment consider that they have an Ethical Code and approximately half say that they have procedures for the insurance of transparency in the decision-making process, shows a research presented on Friday at the Summit for Integrity for Prosperity, organised by Transparency International Romania. The survey where 300 companies in the Romanian business environment was made to identify values which ...

Two in three companies in Romania won’t make new hirings in Q1 2017, says study

Wednesday, December 14, 2016

In the first quarter of 2017, 66 percent of the Romanian employers don’t anticipate any change in the employees number, while 19 percent of the companies’ representatives expect increases in the number of employees, according to the study of the HR consultancy Manpower, published on Tuesday and quoted by business-review.eu. The workforce demand is higher in Western region, which includes the developed counties, such as Timis and Arad, while Oltenia is the region ...

GoodMills to Close Titan Baking Factory in Romania

Wednesday, December 14, 2016

Austrian group GoodMills will close the Titan baking factory from Pantelimon, Ilfov county, Romania, worldbakers.com reads. Some of the assets have already been sold to a local company, Bake Expert, who also took over  the bread and pasty stores of the group this year. Thus, having given up the retail business, the Austrians also give up the local production of bread and remain only with the milling business in ...

Companies choose to invest a large amount of their budget in business events

Wednesday, December 14, 2016

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Business events are important for the image of the company and contribute to your company’s development. Knowing that PRIA Conferences is acting like an extension of your marketing, sales and development departments. In the press release sent to ACTMedia, the company says that events represent perfect opportunities to keep your company’s reputation, or to grow it. Also events are good for increasing sales. Through events you can launch a ...

Coface: Romania ranks second in region for lowest ratio of companies per 1000 inhabitants

Wednesday, December 14, 2016

Romania ranks second in Central and Eastern Europe for the lowest ratio of number of companies per 1000 inhabitants, according to a study carried out by Coface Romania regarding the maturity level of the Romanian business environment. "After Serbia, Romania records the lowest ratio of companies per 1000 inhabitants in Central and European Europe, ...

Number of companies to go bankrupt during 2016 will increase to approximately 160,000

Wednesday, December 14, 2016

The number of companies to go bankrupt during 2016 will increase to approximately 160,000, on the rise by 6.5 pct as compared to last year, reads a press release of Coface, sent on ...

Labour Minister: Romania among five countries with deficit of talents

Wednesday, December 14, 2016

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According to Labour Minister Dragos Pislaru, Romania is among the first five countries in the world with a deficit of talents, with qualified workers and engineers being some of the hardest to fill positions, business-review.eu reports. “The perception of 626 major Romanian employers Romania is placing us at an urban level among the first five countries with a deficit of talents. Moreover, compared to 2014, the perception that we have a deficit ...

The activity of enterprises from industry, construction, trade and market services, in 2015

Wednesday, December 7, 2016

43.8% of the total active enterprises had as main activity market services The highest average number of employees was registered in Industry, representing 35.5% of ...

Romanian courier firm DPD invests 1 mln euro in new logistics centre

Wednesday, December 7, 2016

Courier services provider DPD Romania has invested 1 million euro ($1.07 million) in a new logistics centre in the city of Sibiu, the company said on Thursday, quoted by seenews.com. The 4,400 sq m logistics centre in central Romania will have a sorting capacity of 50,000 parcels per day and will employ 60 people, the company said in a press release. "The decision to open a new hub in Sibiu, where DPD Romania's central hub is ...

Oechsler invests €2.5m to expand Romanian plant

Wednesday, December 7, 2016

Technical component manufacturer Oechsler is gearing up to respond to potential business growth in Romania with an expansion project at its local production plant at Lipova in the west of the country, prw.com reads. The plastics injection moulder, based in Ansbach, Germany, is enlarging its Romanian site with the addition of 4,000 sq metres of extra production and logistics capacity to meet expected demand from customers ...

Mid Europa Partners buys Profi from EI for EUR 533 mln in historic retail deal

Wednesday, December 7, 2016

Private equity fund Mid Europa Partners has taken over retail chain Profi from Polish Enterprise Investors in a deal worth EUR 533 million, business-review.eu reports. The buyer said this was the largest deal ever completed by a private equity firm in Romania and the largest retail deal in the country’s history. The transaction is pending regulatory approvals and should be finalized in the first quarter of ...

South Africa's Growthpoint to buy 26.9% of Globalworth Real Estate Investments

Wednesday, December 7, 2016

South Africa-listed real estate investment trust (REIT) Growthpoint Properties said on Thursday it will subscribe for an initial 26.9% stake in London Stock Exchange-listed Globalworth Real Estate Investment Limited, a real estate investment company targeting opportunities in Romania, following a 186.4 million euro ($197.5 million) investment, seenews.com informs. "With its subscription for new shares, Growthpoint’s significant capital injection ...

Tosmur Group Expand Footprint in Romania

Wednesday, December 7, 2016

Turkish company, Tosmur Group have announced its first project outside Turkey, the setup of a modern state of the art crystalline fructose and maltodextrin plant in Romania to be commissioned in early 2019, foodingredientsfirst.com reads. The new plant, Omnia Europe, is planned to produce 60,000 tons of maltodextrin to satisfy current and future market growing demand for high quality grades (baby food grade), and 40,000  tons crystalline fructose. ...

FCB Bucharest signs Nivea campaign featuring unconventional exhibition of portraits in Kika

Wednesday, December 7, 2016

At the start of November, the visitors of the Kika showroom in Bucharest had the surprise of an unconventional exhibition of portraits created from make-up, in the bedroom area, business-review.eu informs. The exhibition was part of the campaign #operatiuneademachierea (operation cleansing), through which Nivea attracts the attention to the importance of taking care of the skin in the right way.   Alongside the ...

Stabilus, Draxlmaier look at joint projects in Bulgaria, Serbia, Romania

Wednesday, December 7, 2016

German gas springs producer Stabilus and car electronics manufacturer Draxlmaier are interested in launching joint cooperation projects in Bulgaria, Serbia and Romania, the Bulgarian agency for promotion of small and medium-sized enterprises said, quoted by seenews.com. Stabilus sees enormous potential for growth and development in Bulgaria both for the company and the country's economy, the government agency said in a press release on Friday following ...

Listing the Romanian Post Company requires cleaning up the past

Wednesday, December 7, 2016

  Listing the Romanian Post Company requires cleaning up the past and a good regulation of postal services, and decision makers need to coordinate the measures taken to help the institution prosper again, the company's CEO Alexandru Petrescu said on Tuesday on the occasion of the Golden Telecom Day debate organized by the ...

Romania's anti-trust body conditionally approves eMag takeover of online IT&C retailer PC Garage

Wednesday, December 7, 2016

Romania's anti-trust regulator said it conditionally approved the takeover of online IT&C retailer PC Garage Store by local online general retailer eMag, seenews.com informs. eMag, operated by Dante International, said in April it is taking over PC Garage Store for an undisclosed price. "Following the analysis, the Competition Council found that the transaction leads to strengthening the market position of Dante ...

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