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Austrian furniture retailer XXXLutz to open three stores in Romania – report

Wednesday, March 22, 2017

Austrian furniture retailer XXXLutz will open in the autumn its first store in Romania, in the western city of Timisoara, and is considering expansion to other cities, online news portal Opinia Timisoarei reported on Wednesday, seenews.com informs. The 6,500 sq m store in Timisoara will be branded as MOMAX, the company's medium premium brand. After Timisoara, XXXLutz will open two other stores - in Bucharest and ...

Apa Nova Bucharest becomes Apa Nova - Bucharest Water Company

Wednesday, March 22, 2017

Apa Nova Bucharest becomes Apa Nova - Bucharest Water Company in order to convey a message of responsibility to Bucharest people, declared on Tuesday the general manager of Apa Nova Bucharest, Madalin Mihailovici, in a press ...

Industry, the highest insolvency risk in 2017 (analysis)

Wednesday, March 15, 2017

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Industry and constructions become more and more vulnerable, 54% and 15% of overall immobilized active stock of companies with insolvency applications registered this year coming from these sectors, according to a study made by CITR specialists in analysis and prognosis. At the end of February, 120 companies, each with active stock of over 1 million euros, already had insolvency applications in court. The accumulated number of employees from these ...

Study: One out of three Romanian companies will hire people in second quarter, 2017

Wednesday, March 15, 2017

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About a third (32%) of employers in Romania anticipate an increase of the number of employees in the second quarter of 2017, while only 7% of company representatives foresee a drop of personnel, according to a study made by human resource group ManpowerGroup, about prospects of employing labour force, published on Tuesday. Labour force demand is higher in Central and North-Western Transylvania, which includes developed and dynamic counties like Cluj, Sibiu or Brasov, while ...

Mobile loyalty&payments specialist Warply enters Romanian market

Wednesday, March 15, 2017

Europe’s Mobile loyalty&Mobile payments leader Warplyentered the Romanian market, where it offers loyalty B2C and B2B solutions. With a vast experience in Mobile Loyalty, in the banking, telecom and retail industries, Warply aims to become the first option as a partner in creating loyalty programs in Romania, business-review.eu informs. Warply offers three main pillars of services, namely loyalty, mobile ...

Sonaca Aerospace Transilvania opened in Moldovenesti - north-western Cluj County

Wednesday, March 15, 2017

 A Belgian company opened on Friday in Moldovenesti - north-western Cluj County a facility for the production of Airbus hi-tech wing components, an investment worth a total of approximately 12 million euro, said Sonaca Aerospace Transilvania General Manger Laurent ...

Continental Romania to hire 180 at Brasov factory

Wednesday, March 15, 2017

German automotive parts supplier Continental said on Friday it plans to hire over 180 people at its fuel pump production unit in the Industrial Park Ghimbav in Brasov county, in central Romania, seenews.com reports. Continental plans to expand its staff in Romania by the end of April, it said in a press release. With the consolidated production team, the company aims to reach its full production capacity of 10 million fuel pumps ...

Diverta opens new store in Constanta, reaching network of 27 stores

Wednesday, March 15, 2017

The retail network Diverta will open the first store from this year, within City Park from Constanta, reaching 27 stores at national level, business-review.eu informs. The launch will take place on March 15. The store has a surface of 200 square meters and offers a mix of personal development products and entertainment for the entire family, from books from several fields, to toys and tech and non-tech gadgets, stationary items and ...

Carrefour network reaches 298 units in Romania at end-2016

Wednesday, March 15, 2017

The French retailer Carrefour reached a network of 298 stores in Romania at the end of 2016, according to a company report quoted by business-review.eu. At the end of 2015 the group recorded 192 stores in Romania, out of which 29 hypermarkets, 110 supermarkets and 53 stores, according to News.ro. According to the presentation regarding the results from 2016, Carrefour said it increased its network in 2016 by three hypermarkets ...

Florin Jianu: the lack of the support of entrepreneurship is the real drama of the Romanian society

Wednesday, March 8, 2017

The lack of support of entrepreneurship is the real drama of the Romanian society, drama which the representatives of the authorities must be aware of in order to bring adequate measures to encourage the setting up of new companies and the extension of the development of the existing ones, considers the former minister of the business environment, commerce and entrepreneurship Florin Jianu. According to a press release of the National Council of the ...

Dutch companies open centers of excellence in research and laboratories at UPB

Wednesday, March 8, 2017

One of the most known Dutch companies on an international level, namely Fokker, Philips and Ortec, will open at the Polytechnic University of Bucharest (UPB) centers of excellence and laboratories, Rector of the higher education institution Mihnea Costoiu stated. "Today, Fokker together with Philips, the colleagues from the Embassy of the Netherlands sign the agreement which opens the collaboration in areas of aerospace engineering, electronics, ...

Romania's Arabesque invests 10 mln euro in first MatHaus retail store

Wednesday, March 8, 2017

Romanian construction materials distributor Arabesque said on Friday that it has invested 10 million euro ($10.5 million ) into the first retail store under its new MatHaus brand, which will open on March 9, seenews.com reports. The DIY store is located in the northeastern town of Iasi and will employ 100 people, Arabesque said in a press release. The 23,000 sq m store will sell a range of 25,000 products - from building ...

Mitsubishi Motors ponders investment in Romanian plant

Wednesday, March 8, 2017

Japanese car maker Mitsubishi Motors is exploring the option of making a green-field investment of around EUR 200 million in an engine plant in Romania, according to government sources quoted by ProTV, business-review.eu informs. The representatives of the ...

Holzindustrie Schweighofer Romania names Luciana Petrescu as communication director

Wednesday, March 8, 2017

Communication expert Luciana Petrescu joins Holzindustrie Schweighofer Romania, part of the Schweighofer Group, one of the top players in the European wood processing market, business-review.eu reads. Petrescu will work as communication director of the firm. “This appointment underlines our dedication towards open and clear communication, accessible to both specialists and non-specialists,” said Dan Banacu, general manager of Holzindustrie ...

Metrorex plans to switch to profit in 2017

Wednesday, March 8, 2017

Operator of the Bucharest metro system Metrorex plans to switch to profit in 2017, given that the company's own revenues in 2016 amount to 254 million lei, 5-6 percent higher compared to the previous year, while subway ridership rose to 179.1 million, company CEO Marin Aldea said in an interview with Agerpres. According to the Metrorex director, the 2016 ridership was by 5 million higher from 2015, reaching 179.1 million, ...

Over 150 US companies to promote their offer in large-scale economic mission to Romania this October

Wednesday, March 8, 2017

The Embassy of Romania to the US and the US Department of Commerce have started preparations for the Trade Winds event taking place in Bucharest between October 18 - 20 this year, the Romanian Embassy to the US informs in a release  Trade Winds is an annual US government-led trade mission, organized together with partner countries that represent an ...

Telekom Romania reported in 2016 revenues 0.14 pct higher

Wednesday, March 8, 2017

Telekom Romania reported in 2016 revenues 0.14 pct higher on the segment of landline-mobile integrated services, TV and wholesale, while the mobile services increased by 4.2 pct compared to the previous year, show the financial reports of the company, released on Thursday. The Communications Division of Telekom Romania recorded in 2016 revenues worth 602.5 million euro, up 0.14 pct against 2015. According to the source, the EBITDA adjusted ...

Profructta juice manufacturer doubled its revenue in 2016

Wednesday, March 8, 2017

The Premium Fruct juice factory in Campulung, manufacturer of the Profructta brand, saw 2016 come to a close with 110,000 Euro in revenue, which is double the figure achieved in the previous year, freshplaza.com reports. Nearly half of this revenue comes from the sale of apple juice. Business partners Marius and Criana M?c?rescu explain that this is the result of increased product diversification and the expansion to more distribution points - ...

Ford Romania to increase the number of jobs at the factory in Craiova

Wednesday, March 8, 2017

 Minister of Labor and Social Justice Lia Olguta Vasilescu had on Friday a meeting with a delegation of the Ford Romania company, run by General Manager John Oldham, at the Ministry headquarters. The discussions tackled the possibility to increase the number of jobs at the Ford factory in Craiova, according to a release of the Ministry of Labor and Social Justice (MMJS). "The discussions targeted the possibility to increase the number of jobs at the Ford ...

Cost structure, technology, new services development - magical cocktail for modernising Romanian post

Wednesday, March 8, 2017

Postal operators must accommodate the new trends, deriving from the expansion of the online environment and the Romanian Post can be more efficient by providing modern services whether it remains state-owned or it is privatized, declared Botond Szebény, Secretary General of the European Association of National Postal Operators (PostEurop), in an interview for the Agerpres National News Agency. He considers that a postal operator must be ...

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