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Vodafone Romania launched 20 years’ brand campaign

Wednesday, March 8, 2017

Telecom operator Vodafone Romania has launched its 20 years brand campaign called „You have the power to make your future”, business-review.eu reports. The TV spot presents the story of a child from a Romanian isolated village whose dream of becoming a teacher is marked in key-moments when he was helped by the innovations in technology and the services offered by Vodafone Romania during the 20 years. The campaign will be present on TV, ...

Minister Petrescu: I will seek to turn efficient the entire network of commercial attachés

Wednesday, March 8, 2017

Romanian companies have difficulties setting up shop on foreign markets, the culture of exports is insufficiently developed and in this context I will seek to turn efficient the entire network of commercial attachés, fresh Minister for the Business environment Alexandru Petrescu said on Thursday upon taking office. "I am perfectly familiar with the business milieu 99 percent of which is made up SMEs. There are stringent issues and here I'd point out ...

Orange reported a business turnover in Romania of nearly 260 million euros for Q4 2016

Wednesday, March 8, 2017

 Telecom operator Orange has reported a business turnover in Romania of nearly 260 million euros for Q4 2016, up 3.8 percent from Q4 2015, while its customer base reached 10.338 million at the end of the year, according to the company's financial reports released on Thursday. October-December 2016, Orange Romania posted a business turnover of 259.7 million euros, up 3.8 percent from the same period of the year before, with this being the seventh ...

Gov't approved 74.052 million euro a for the financing of the Management Authority for the Operational Program SME Initiatives

Wednesday, March 8, 2017

 The government approved at its Thursday sitting 74.052 million euro as temporary allocation for the financing this February of the Management Authority for the Operational Program SME Initiatives under which financial instruments for SMEs are being implemented, the government informs. "The amount allocated by the government will provide the necessary funding for the Management Authority of the Operational Program SME Initiatives to perform the payment ...

A Romanian company included in the Inc.5000 Europe of the America magazine Inc.

Wednesday, March 1, 2017

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Qualitance, a global company for technology set up in Romania in 2007 was included for the second time in the ranking Inc.5000 Europe due to the increase of its income with 165% from 2012 to 2015 The Inc.Magazine designated Qualitance as one of the European private companies with the most rapid growth, including it in its annual list which contains the biggest success companies which developed extremely quickly from 2012 to 2015. The top Inc.5000 ...

512 commercial companies initiated insolvency procedures in January 2017

Wednesday, March 1, 2017

As many as 512 commercial companies initiated insolvency procedures in January 2017, down 22.66 percent from January 2016, according to data with the National Registrar of Companies Office (ONRC). The lowest such instances were reported in Bucharest City, just 97, down 39.38 percent y-o-y. Bihor County was next, 34 (-32 percent) followed by Prahova County, 31 (+6.9 percent). The most insolvency instances were recorded in retail trade, repair ...

BCR net profit of 1.045 billion lei (232.9 million euro) for 2016

Wednesday, March 1, 2017

Banca Comerciala Romana (BCR) announced a net profit of 1.045 billion lei (232.9 million euro) for 2016, backed by business development and an improved quality of the portfolio, up from the 913.2 million lei posted in 2015, the financial institution said in Tuesday ...

Chiritoiu: Romania must implement the European Directive on compensating the victims of unfair competition until March 24

Wednesday, March 1, 2017

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Romania must implement the European Directive on compensating the victims of unfair competition until March 24, 2017 and the transposition Ordinance was completed by the Competition Council, which also included in the project the possibility for compensations to be paid based on the sanctioning decision of the Council, not only in ...

TRENDS IN THE EVOLUTION OF THE ECONOMIC  ACTIVITY IN THE PERIOD FEBRUARY ? APRIL 2017

Wednesday, March 1, 2017

Moderate growth of activity in manufacturing, constructions and services Tendency of moderate decrease in the number of employees in retail trade Moderate growth of prices in industry, constructions and&n ...

JLL Romania appoints Silviana Badea as Managing Director

Wednesday, March 1, 2017

Silviana Badea was appointed Managing Director of JLL Romania, a position she will occupy starting 1 March 2017. Badea joined JLL Romania in 2015, as head of Capital Markets, business-review.eu informs. During this period, Badea contributed to the expansion and evolution of the team, but also of the range of services offered to clients. In the past two years, JLL operations in Romania were conducted by Andrew Peirson, who, in ...

Fairfax gets EC approval to buy AIG's Romanian, Bulgarian business

Wednesday, March 1, 2017

The European Commission said on Tuesday it has approved the acquisition of the insurance business of the American International Group (AIG) in Bulgaria and Romania by Canada-based Fairfax Financial Holdings, seenews.com reports. "[...] the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement," the Commission said in a filing. In ...

Reuters: Greek retailer Jumbo six-month profit up 12 pct on strong foreign growth

Wednesday, March 1, 2017

Jumbo, Greece's biggest listed toy retailer, posted on Tuesday a 12 percent rise in net profit for the six months to December last year, thanks to a double-digit percentage growth in Bulgaria and Romania, Reuters reports. Net profit for the six-months came in at 81.4 million euros, up from 72.5 million euros in the year ago period. Jumbo has fared well thanks to its low-cost ...

RDI public spending may increase in stages to 1 percent of GDP by 2020

Wednesday, March 1, 2017

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The targets in Romania's National Research, Development and Innovation ...

COTAR: to set up a joint taxi dispatch office managed by the municipality is a form of nationalizing operating private businesses

Wednesday, March 1, 2017

The decision of the Bucharest City Hall (PMB) to set up a joint taxi dispatch office managed by the municipality is a form of nationalizing legally operating private businesses that will generate chaos in the market and will produce unemployment, representatives of the Confederation of Licensed Romanian Operators and Hauliers (COTAR) said ...

Romanian Post National Company had gross profit of 12.3 million lei in 2016

Wednesday, February 22, 2017

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The Romanian Post National Company recorded in 2016 gross profit of 12.3 million lei. That was possible thanks to a continuous, sustained effort of stimulating increase and diversification of incomes obtained by the company in 2016, correlated with a lower level of overall preliminary expenses, a company press release shows. 2016 incomes were 1,124,093 million lei, 1.9% higher than in 2015, when they were 1,102,975 million ...

Romanian healthcare services provider Regina Maria invests 2 mln euro in expansion

Wednesday, February 22, 2017

Romanian private healthcare services provider Regina Maria said on Monday it has invested 2 million euro ($2.1 million) since the beginning of 2017 in a new polyclinic in Bucharest and in the acquisition of local peers Al-Medica Berlin and Ixia Medical,seenews.com reads. Regina Maria opened a new clinic in the central area of Victoria Square in Bucharest and plans to open another one in the northern part of the city, the company said in a press ...

Romania's eMAG acquires minority stake in IT firm Zitec

Wednesday, February 22, 2017

Romanian online retailer eMag said on Friday it has invested 1.7 million euro ($1.8 million) in Romanian software company Zitec, acquiring a minority stake in the company, seenews.com informs. Zitec will use the capital infusion to increase its headcount, to expand into other cities in Romania and to create a department dedicated to European funds and grants, it said in a press release. Also, the company aims to grow its client portfolio in Western ...

Ryanair targets 40% rise in passenger numbers on Romanian routes in FY 2018

Wednesday, February 22, 2017

Irish low-cost air carrier Ryanair aims to connect Bucharest with all top European business capitals and expects to carry 40% more passengers to and from Romania in fiscal year 2018, sales and marketing  executive for Central and Eastern Europe Denis Barabas said for seenews.com. With 13 new routes in the pipeline for 2017 summer season, Ryanair expects to carry some 2.6 million passengers to and from the four airports which it operates in ...

WIZZ AIR ANNOUNCES UK BASE AT LONDON LUTON THREE NEW ROUTES TO OPERATE FROM JUNE 2017

Wednesday, February 22, 2017

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 Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced în a press release sent to ACTMedia that it will open its 28th base on 18 June 2017 at London Luton Airport in the United Kingdom with one new Airbus A320 aircraft. London Luton has operated Wizz Air flights for over twelve years; this will be the airline’s first UK airport with base operations. Establishing this base will strengthen Wizz Air’s ...

UPC Romania adds 48,000 RGUs in Q4

Wednesday, February 22, 2017

UPC Romania had 2.887,700 million homes passed in Q4, higher by 76,300 compared to the previous quarter, telecompaper.com informs. The number of two-way homes passed grew by 86,000 to 2.838 million. The total number of customer relationships rose 36,600 to 1.296 million and total revenue-generating units (RGUs) rose 47,800 to 2.274 million. UPC Romania's number of analog TV subscribers fell by 8,700 to 263,400, while its number of digital TV ...

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