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IT&C distributor Network One Distribution rents warehouse space in CTPark Bucharest West

Wednesday, March 29, 2017

IT&C distributor Network One Distribution (NOD), owned by eMAG’s Iulian Stanciu, rented a warehouse space in CTPark Bucharest West of over 30,000 square meters, business-review.eu reads. NOD is conducting operations on the Romanian market and that of Moldova and, with a customer portfolio of over 3,000 resellers, is an important provider of local retail networks. Last year the company had RON 930.9 million turnover, 0.06 ...

Damen Shipyards Galati launches vessel for UK client

Wednesday, March 29, 2017

 Damen Shipyards Galati said on Friday it has launched to sea a vessel for UK's Bibby Marine Services Limited, part of Bibby Line Group, seenews.com reports. The pioneering Bibby WaveMaster 1 is the first of Damen’s purpose-built service operations vessels with walk-to-work capability, Damen said in a statement. The 90 m long vessel is built specifically for the transfer and accommodation of offshore personnel and ...

Draxlmaier to slash 800 jobs in Romanian plant

Wednesday, March 29, 2017

German car parts maker Draxlmaier will fire 800 employees from its plant in Pitesti after losing a major client in the automotive sector that decided to move its production from Europe to Mexico, according to a release of the German company, cited by ePitesti.ro, business-review.eu reports. The German company will keep its Engineering and IT development Center in Pitesti and will continue to invest in the dual investment support, according to the ...

Austria's Constantia Flexibles to close Romanian plant by July

Wednesday, March 29, 2017

Austria-based packaging group Constantia Flexibles said it will close down its production plant in Calarasi county, Romania, as part of a plan to optimize its film-based flexible packaging and manufacturing footprint in Europe, seenews.com informs. The closure of the plant is expected to be finalized by July 2017 and will affect about 90 employees, Constantia Flexibles said in a press release on Thursday. Located near Romania's ...

ONRC: 17,251 registrations of individuals and companies was recorded in the first two months of 2017

Wednesday, March 29, 2017


A number of 17,251 registrations of individuals and companies was recorded in the first two months of 2017, lower by 11.3 percent compared to the similar period of last year when the number of registrations stood at 19,447, according to the centralized data of the National Trade Register Office ...

Nestle Romania sees turnover go up by 13 pct in 2016

Wednesday, March 29, 2017

The Romanian subsidiary of FMCG giant Nestle has reported a turnover approximately RON 750 million (aprox. EUR 167 million) for 2016 which was up 13 percent on the previous year, according to company data quoted by business-review.eu.  “Last year has been a good year for us, an exceptional year, actually,” commented Herve de Froment, head of Nestle’s local operations during a press conference this Tuesday. Moreover, Romania ...

Number of deregistered companies decreased in the first two months of 2017, by 50.81 pct

Wednesday, March 29, 2017

The number of deregistered companies decreased in the first two months of 2017, by 50.81 pct, to 12,792 companies, as compared to 26,006 in the same period last year, according to the statistics of the National Trade Register ...

Logicom’s turnover reaches RON 76.3 mln in 2016

Wednesday, March 29, 2017

Logicom, one of the main distributors of IT solutions and services that recently became Microsoft Cloud Solution Provider, registered a turnover of RON 76.3 million in 2016 and aims to expand its business this year, business-review.eu reports. The company plans to invest in the team’s skills development and wants to attract new brands in the portfolio, as well as to get involved in mergers and acquisitions. The company ...

1,165 companies entered insolvency in the first two months of 2017

Wednesday, March 29, 2017

A number of 1,165 companies entered insolvency in the first two months of this year, lower by 19.71 percent compared to the similar period of 2016, according to the data of the National Trade Register Office (ONRC). Most of these cases were recorded in ...

SMEs in Romania call for reduction of red tape, shows new survey

Wednesday, March 29, 2017

Around 87 percent of the Romanian SMEs say they were challenged with barriers and administrative drawbacks as start-ups, according to a survey of the National Council of SMEs from Romania (CNIPMMR) that was carried out in March among the members of the association, business-review.eu informs. Among the administrative drawbacks that affected them the most were the long and complicated authorization procedures, the high administrative costs and the ...

Alro registered a net profit of RON 67 million, in 2016

Wednesday, March 29, 2017


Alro Group Net profit of RON 71.5 million, in 2016, from a net loss of RON 18 thousand, in 2015 EBITDA of RON 292 million, in 2016, compared to RON 306 million, in 2015 Adjusted net profit of RON 100 million, in 2016, from RON 77 million, in 2015 Turnover of RON 2.3 billion, in 2016, compared to ...

Anghel (BVB): the Romanians doubled investment in five years: we are second out of 14 analysed markets

Wednesday, March 22, 2017

The investors on the capital market doubled in euro the investments in five years, the gross yield being 97% out of 14 markets analysed, Romania being second from this point of view stated on Saturday at the Forum for individual investors Lucian Anghel the chairman of the BVB. ‘The Romanians doubled in euro their investments in five years, the yield is 97% in euro taking into account the dividends as well. We analysed 14 regional indicators, ...

Small entrepreneurs could receive the amount of 50,000 lei, as of May, to create a visual identity

Wednesday, March 22, 2017


Small entrepreneurs could receive the amount of 50,000 lei, as of May, in order to create a visual identity and participate in international fairs, Minister for Business Environment, Trade and Entrepreneurship Alexandru Petrescu told a press conference dedicated to problems which Romanian producers are confronted ...

 Crossrider buys Romania’s CyberGhost for EUR 9.2 mln

Wednesday, March 22, 2017

Israeli company Crossrider has bought cyber security software-as-a service (SaaS) provider Romanian company CyberGhost for EUR 9.2 million, according to SeeNews. According to Crossrider representatives, the acquisition is expected to enhance the earnings of the Israeli online distribution and digital product company. The deal is part of Crossrider’s strategy to broaden its ...

Oltenia Energy Complex to lay off thousands of employees in 2017

Wednesday, March 22, 2017

The General Meeting of Shareholders of energy complex Oltenia approved this Tuesday the company’s new plans, among which is the layoff of 1,000 employees in 2017, according to Hotnews quoted by business-review.eu. The initial plan was to lay off 2,000 staff. Fondul Proprietatea, the minority shareholder, requested the layoff of 2,000 employees, while the Energy Ministry, the majority shareholder, approved the proposal of the ...

Teamnet files for insolvency

Wednesday, March 22, 2017


Romania's Teamnet, which has been involved in a corruption scandal over contracts for IT services, has filed for insolvency on Monday, according to data posted on the justice ministry's website quted by seenews.com. The IT company filed for insolvency at Prahova county court, data showed. "At this moment we are working on a reorganization plan. We made this decision in order to be able to maintain ourselves as a business and ...

Samsonite Romania aims to reach 100 stores in five years

Wednesday, March 22, 2017

Samsonite Romania’s turnover went up by 7 percent in 2016 compared with 2015, reaching EUR 6.88 million and aims to reach 100 stores in five years, as well as a turnover of over EUR 18 million, business-review.eu reads. Also in 2015 the company registered a growth by 15 percent compared with 2014. Samsonite Romania has already 25 stores at country level and has been present on the local market ...

Bucharest Court to start trial in Romanian Post impairment case

Wednesday, March 22, 2017

Bucharest Court can start the trial of the case concerning the Romanian Post impairment by businessman Nelu Iordache and former manager of Blue Air company, Gheorghe Racaru, the Bucharest Court of Appeal ruled on Thursday. The decision was made after the National Anti-corruption Directorate (DNA) contested the Bucharest Courthouse's decision to withdraw some ...

EY: Family businesses in Romania are still in the pioneering stage

Wednesday, March 22, 2017

Family businesses in Romania are still in the pioneering stage, something that is going to change in the upcoming years, when we expect a boost of solid family businesses, with an international development potential, that would place Romania on the world's family business orbit, stated Gabriel Stincu, executive director and family business counselor for the Transaction Advisory ...

K.O.C. has launched a 270 pumping units order from Vulcan SA

Wednesday, March 22, 2017

On 12.03.2017, at the headquarter of Kuwait Oil Company, has been signed the most important contract related to pumping units production, of Vulcan’s history, namely over 110 years of existence. The beneficiary of the 270 pumping units is the State oil company of Kuwait. The Kuwait Oil Company was founded in 1934 and it is one ...

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