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Romanian Post National Corporation has reported a 2016 gross profit of 3.8 million euros

Wednesday, June 7, 2017

The Romanian Post National Corporation (CNPR) has reported a 2016 gross profit of 3.8 million euros (17.2 million lei), on revenues of 1.135 billion lei, compared with a loss in 2015 of 30 million lei following the payment of a fine slapped on the corporation by the Competition Council for unfair trade actions in ...

Vasilescu (BNR): 40% of 600,000 companies have debts higher than their capital

Wednesday, May 31, 2017

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About 40% of 600,000 Romanian companies that present annual reports have debts higher than their assets, from loans that are not made to banks, says Adrian Vasilescu, strategy consultant at the National Bank of Romania (BNR). “Banks are responsible for many things in economy, but they are also financing centres for economy. We have 700,000 companies in Romania, but 100,000 of them do not have annual reports. Therefore they do not exist, What is ...

The trade register office: the Romanians set up 45,345 companies in the first four months of 2017

Wednesday, May 31, 2017

The Romanians set up, in the first four months of this year 45,345 new companies, growing by 6.4% against the same period of 2016, especially as a result of the growth with almost 4% of the  recording of companies  of limited responsibility (SRL) show the statistics published on Wednesday by the National Office of the Trade Register. (ONRC). Between January – April 2016 in Romania were recorded 42,604 new ...

The general manager Renault Romania: we have 500 to recruite this year

Wednesday, May 31, 2017

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The Renault group will continue to hire this year, especially engineers in the context where the company planning includes 500 people to be recruited this  year and the production of parts increased on the Mioveni platform, and the salary increases in the public sector do not pressure recruitment, stated on Wednesday the manager of the Renault group Romania, Yves Caracatzanis, in a meeting with the journalists. The plenary of ...

Japan’s Calsonic to build new plant in Romania

Wednesday, May 31, 2017

Japanese Calsonic Kansei will start the construction of a new plant near the Romanian city of Ploiesti, where the company already has a manufacturing unit since 2006, business-review.eu reads. This is will be greenfield investment in the electronics component plant for the ...

eMAG enters delivery market by acquiring Sameday Courier

Wednesday, May 31, 2017

E-commerce player eMAG, controlled by Naspers, has taken an 80 percent stake in delivery company Sameday Courier, business-review.eu informs. The deal will support the investments of Sameday Courier in technology, the network and the team. The transactions comes more than three months after the delivery firm delisted itself from the Bucharest Stock Exchange (BVB). “We needed a new partner to help manage this fast ...

IMMOFINANZ’s rental income in Romania to EUR 12.2 mln in Q1

Wednesday, May 31, 2017

At the end of the first quarter of the 2017 financial year,IMMOFINANZ’s rental income in Romania totals EUR 12.2 million, accounting for 21.4 percent of the Group’s total rental income, business-review.eu reports. The IMMOFINANZ properties in Romania represent 21.2 percent of the company’s total portfolio (excluding Russia), including 72 properties (17 standing investments, 3 developments, 8 real estate inventories (apartments that ...

Romania's Teraplast gets regulatory nod to acquire 50% of Depaco

Wednesday, May 31, 2017

Romanian plastic products manufacturer Teraplast [BSE:TRP] said on Tuesday the country's competition authority has approved its acquisition of 50% of the capital of local metal roof tiles producer Depaco, seenews.com informs. After the completion of the deal, the founder of Depaco, Dragos Irimescu, will remain an important shareholder of the company, while Valeriu Irimescu will be its CEO, Teraplast said in a filing with the Bucharest Stock ...

Sven Marinus is the new CEO of Sodexo Romania

Wednesday, May 31, 2017

Sven Marinus is the new CEO of Sodexo Benefits & RewardsRomania starting May, business-review.eu informs. In his new position, Marinus will be responsible for the administration and management of the current operations, as well as the strategic and commercial direction of the company in Romania. „I join a team next to whom I will participate to the growth and consolidation of the leader position of the company on local level,” said ...

Austrian companies created over 100,000 jobs in Romania

Wednesday, May 31, 2017

The Austrian direct investments in Romania have reached near EUR 9 billion in 2016, being ranked among the three largest generators of FDI in the country, business-review.eu informs. According to the country’s official trade promotion organization, Advantage Austria, there are approximately 1,500 active Austrian investors in Romania and over 7,200 companies with Austrian capital. The companies active in various sectors ...

Newly set up companies running on foreign capital in Romania increased by 0.38 pct in the first four months of 2017

Wednesday, May 31, 2017

 The number of newly set up companies running on foreign capital in Romania increased by 0.38 pct in the first four months of this year compared to the same period of 2016, reaching 1,825, shows data with the National Trade Register ...

Forum on business opportunities in Romania organised by the Bilbao Chamber of Commerce

Wednesday, May 31, 2017

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Romanian and Spanish companies can lead to an increase in bilateral commercial ties between Romania and Spain as well as in investment footprint, Romania's Minister of Business Milieu, Commerce and Entrepreneurship Alexandru Petrescu told a forum on Friday in Bilbao, Spain, on investment opportunities in ...

McDonald’s investments in Romania reach RON 20 mln in 2016

Wednesday, May 31, 2017

Restaurants chain McDonald’s Romania, owned by Premier Capital, has invested over RON 20 million in its operations last year, while the budget for the expansion of the McCafe chain stood at RON 7.5 million, business-review.eu informs. After taking ...

Trade Register Office : in Romania  there are 1.4 million companies out of which 1.2 million are active

Wednesday, May 24, 2017

In Romania there are 1.4 million companies, out of which 1.2 million are active, the difference of 200,000 being companies  are under dissolution, being written off or closing down, stated on Wednesday for News.ro the general manager of the National Office for Trade Register (ONRC) Valentina Burdescu. The biggest insolvencies or write-off are recorded  in the domain of commerce, constructions, transport as well as among hotels and ...

Ashoka launches in Romania with Top of the Social Innovators

Wednesday, May 24, 2017

Ashoka, the biggest global organization that supports the social entrepreneurs and the social innovation, ranked the social innovators in Romania: over 30 of the most famous names in the social entrepreneurship. Vlad Voiculescu (MagiCamp), Elena Calistru (Funky Citizens), Tica Darie (Made in Rosia Montana), Oana Preda (CeRe) and Cristian Lupsa (Decat o Revista) are among the leaders included in the top.   According to ...

Five Romanian companies among fastest-growing in Europe

Wednesday, May 24, 2017

Five companies in Romania have made it on the list of 1,000 fastest-growing companies in Europe, drawn up by Financial Times, romania-insider.com reads. They are Qubiz, Tremend, Qualitance, Bittnet, and Teamnet, all active in the IT ...

AXA capitalizes its Romanian subsidiary by over RON 90 mln before sale

Wednesday, May 24, 2017

French company AXA injected over RON 90 million its Romanian subsidiary, an operation approved by shareholders before closing the sale to BCR Life and Omniasig, subsidiaries of the Austrian group Vienna Insurance Group (VIG), according to profit.ro quoted by business-review.eu. Out of the total, ...

WIZZ AIR CELEBRATES 13 YEARS OF CONSTANT GROWTH AND REMARKABLE ACHIEVEMENTS

Wednesday, May 24, 2017

  Wizz Air celebrated last Friday the 13th anniversary of its very first flight. In the years that have passed since then, WIZZ has gone on to become the largest low cost airline in Central and Eastern Europe and achieve some remarkable milestones, the company infirms în a press release sent to ACTMedia. Now, Wizz Air customers can join in with the celebration and discover 141 exciting destinations across the Wizz Air low-fare network, with a discount up to 30%* ...

Defense Industry to Show Rapid Growth Due to Increased Defense Expenditure for Modernization of the Armed Forces

Wednesday, May 24, 2017

The modernization of the armed forces to NATO standards and participation in international peacekeeping missions has compelled the Romanian government to increase its defense expenditure, pr.com reports. Thus, the Romanian defense industry has a great future prospect and is the focus of a new research report added to the vast portfolio of Market Research Hub’s online offerings. This research report is titled “Future of the Romanian Defense Industry - Market ...

DPD Romania plans 20% rise in H1 turnover, to invest in IT network

Wednesday, May 24, 2017

Courier services provider DPD Romania said on Thursday it targets a 20% year-on-year rise in turnover to 12.3 million euro ($11.4 million) in the first half of 2017, and plans to invest 2.5 million euro in upgrading its IT network, seenews.com reports. DPD also plans to deliver more than 5 million parcels during the first half of the year, it said in a press release. In 2014, Bulgarian courier services company Speedy bought DPD ...

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