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Food Union Group receives EUR 214 mln investment from PAG and meridian capital

Wednesday, February 8, 2017

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Food Union Group, an international group of dairy and ice cream producing companies, and the owner of Romania’s ice cream manufacturer ALPIN57LUX, as well as the leading ice cream manufacturer in the Baltics, has received a combined EUR 214 million (USD 225 million) investment from PAG, one of Asia’s largest private equity firms, and Meridian Capital, an existing investor, a statement sent to ACTMedia ...

CEMACON ended 2016 with a turnover of 20 ml lei

Wednesday, February 8, 2017

Ceramic blocks manufacturer CEMACON ended 2016 with a turnover of 20 ml lei, by 28 pct higher against the previous year, and a net profit of five million lei (rd 1.1 million euro), the company said in a release. "We end a spectacular year, as 2016 was the best on the record for CEMACON. We hit major highs in all business aspects: we doubled our estimated growth target as the turnover went up 28 percent as a result of our capitalizing on domestic and market ...

8,371 of companies entered insolvency în 2016

Wednesday, February 8, 2017

A number of 8,371 of companies entered insolvency last year, decreasing 18.48pct from 2015, according to the data of the National Trade Register Office (ONRC). Most of such cases were registered in Bucharest Municipality, namely 1,771 (-2.48pct compared to the period January-December 2015), the Capital being followed by Bihor county, with 422 (+2.3pct), and Timis county with 406 (+17.81pct). Depending on the activity sector, most of the insolvencies were ...

Publicis Romania/Publicis One, ranked first in Romania on number of awards from 2016

Wednesday, February 8, 2017

Publicis Romania/Publicis One is ranked first in the Romanian top agencies, based on the number of awards received at the international advertising festivals in 2016, according to the Gunn Report, which tracks the most awarded agencies, networks, clients and ads, business-review.eu informs. “Our agency has grown very much in the digital, strategy and creativity areas. I’m very proud of all the Publicis team, which ...

Erik Hageleit appointed Hochland Romania's general director

Wednesday, February 8, 2017

Erik Hageleit has been appointed as the new general manager of Hochland Romania, one of the biggest players on the local dairy market, as of January 1. “I am truly honored to join Hochland Romania as general manager and I am glad to return to Romania. It is a country where I enjoyed working and living, a place filled with first class professionals. I am very impressed with Hochland’s achievements in Romania ...

Japan’s ROKI to enter Romanian market, opening auto filters factory in Arad

Wednesday, February 8, 2017

Tokyo-based auto filters manufacturer ROKI has leased for five years a 5,500 square-meter unit in the CTPark Arad (Western Romania), with extension options, according to a press release. The space will include logistics and offices and social areas. This project is the first in Europe as a production facility for the group and is meant to supply ROKI’s customers and original equipment manufacturers, mainly in the European ...

A factory for auto parts for Germany will be set up in Romania

Wednesday, February 1, 2017

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A factory to supply auto parts to companies in the auto industry in Germany will be set up, in March, in Calafat, city which faces a serious lack of work places. The company which will set up the factory of auto parts was recently founded in Calafat and will have partners in the auto industry in Germany. For the investment, the company acquired five warehouses of a former factory for equipment parts, paying for it almost 300,000 ...

Penny Market rolls out new brand communication in Romania

Wednesday, February 1, 2017

Rewe Romania has launched the concept „de Romania”, through which it communicates the evolution of the Penny Market brand positioning, business-review.eu informs. Moreover, the company has launched Penny FM, the radio station that will greet with hospitality its clients and employees in all the Penny Market stores. „In the context of the extensive standardization and globalization, we chose to concentrate ourselves on the local ...

eMAG forecasts EUR 1 billion revenues in 2017, opening of 800 delivery points

Wednesday, February 1, 2017

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MAG, one of the biggest online retailers in South-Eastern Europe, aims to reach the EUR 1 billion revenues mark by the end of the year, for all markets it operates on, business-review.eu report. Moreover, the retailer hopes to reach 800 delivery points. eMAG CEO Iulian Stanciu recently said he expects the retailer’s business in Romania to grow by 20 percent this year, after last year’s 40 percent ...

Romanian drug distributor Europharm invests 1 mln euro in hybrid vehicles

Wednesday, February 1, 2017

Romanian pharmaceutical wholesaler Europharm Distributie said on Thursday it has invested 1 million euro ($1.4 million) in hybrid vehicles in a step towards making its fleet entirely hybrid, seenews.com informs. Over 80 cars will be replaced by hybrid models by the end of January, Europharm said in a press release. In 2016, the company renewed its freight vehicle fleet, following 1.5 million euro ...

PwC Romania recruits public sector expert Livia Stan

Wednesday, February 1, 2017

Professional services firm PwC Romania has appointed Livia Stan as director in the Tax and Legal Services department, business-review.eu reads. She will also be part of the firm’s  Public Sector Services team. Stan has previously held senior roles in the public sector administration. She was general director in the Ministry of Finance and secretary general in the Ministry of Health. Mihaela ...

Industrial Barometer: Industrial output decreased in December

Wednesday, February 1, 2017

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Industrial output decreased in December, and the number of employees indicator shows that companies have carried out redundancies amidst temporary contract employees, shows the Industrial Barometer in Romania conducted by IRSOP Market Research and The National School of Political Science and Public Administration (SNSPA), sent to ...

Miele sees 56% higher sales in Romania

Wednesday, February 1, 2017

German group Miele, active on Romania’s premium appliance market since 2007, posted a turnover of EUR 5.5 million last year, up 56% compared to 2015. The best-selling product categories were vacuum cleaners, with about 6,000 units, washing machines and dryers (2,000 units), and dishwashers. “We have witnessed a significant increase last year in the local market of home appliances, with a focus on the premium ...

H&M sales in Romania climb 17% in FY 2016

Wednesday, February 1, 2017

The sales of Swedish fashion retailer Hennes&Mauritz (H&M) in Romania increased by 17% to 2.1 billion Swedish crowns ($238 million/222 million euro) in financial year 2016 ended November 30, the company said on Tuesday, seenews.com reports. In the local currency, H&M sales in Romania grew 18% over the review period, the company said in its full-year financial report. In the fourth quarter alone, H&M sales in ...

Farmec to add stores, boost turnover in 2017

Wednesday, February 1, 2017

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Romanian cosmetics producer Farmec said on Tuesday it plans to open 15 new stores in the country and increase sales turnover by 15% in 2017, seenews.com informs. Some of the 15 stores will be located in big shopping centers, Farmec sales manager Codrean Pop said in a press release. Last year, Farmec opened 8 new stores in Romania, taking the total number of units to 11. The company is present in Cluj Napoca, Bucharest, Sibiu, ...

C&A retailer - profit of million euros in Romania, losses in Spain and Portugal

Wednesday, January 25, 2017

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Fashion retailer C&A doubles its net profit in Romania in the last two years. On the other hand, 28 stores closed down in Portugal and Spain because of losses. At present the chain includes 106 stores in this country, the first one opened 34 years ago. El Pais, quoting company sources, shows that the decision was made because of repeated losses recorded by the retailer. In exchange, C&A business in Romania has grown. ...

Skanska starts a new office project in Bucharest

Wednesday, January 25, 2017

Skanska Construction Romania, owned by the Swedish group Skanska, will invest EUR 38 million in the first office building of the Campus 6 project located in Western Bucharest, near the Polytechnic University. The construction of this building, which will have a leasable area of 22,000 sqm, has already begun, and should be completed in the third quarter of 2018. The building, which is located near the Politehnica subway station, ...

Tremend targets 40% turnover increase in 2017

Wednesday, January 25, 2017

Romanian software company Tremend forecasts a 40% turnover increase in 2017, from EUR 3.5 million in 2016, mainly due to the high demand for advanced software solutions. The increase is based on both the consolidation of existing accounts and the expansion of the client portfolio, according to a company statement. “In 2016 we had a balanced growth. We expanded our portfolio, and five new companies entered among the top ten ...

Metro Group sells four Real hypermarkets in Romania

Wednesday, January 25, 2017

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German Metro Group has sold the four Real hypermarkets that it still owned in Romania, five years after selling 20 Real stores to Auchan, business-review.eu informs. The stores were bought by Cyprus-based Terazone Enterprises Limited, according to a company statement ...

Businessman who brought H&M to Romania named State Secretary

Wednesday, January 25, 2017

Harry-Ilan Laufer, founder of Retail Group and the businessman who brought H&M to Romania was named State Secretary in the Ministry for the Business Environment, Commerce and Entrepreneurship, business-review.eu informs. The decision was signed by PM Sorin Grindeanu. Israel-born Ilan Laufer (33) started his career in 2002 at the real estate consultancy CBRE as Senior Broker. Later, in 2004, he became Development ...

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