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Huawei Romania 2018 balance-sheet

Wednesday, April 3, 2019

Huawei Romania reported revenues from sales worth over USD 400 million in 2018. The acquisitions on the local market mounted to USD 150 million last year, while the taxes paid to the state accounted for USD 75 million. Huawei Romania had 2,053 employees at the end of 2018, with 81% of them being Romanians. The products and telecommunication services provided by Huawei Romania reach over 72% of the Romanian population, also serving over 35 European ...

Swissôtel Bucharest to open by end of 2021

Wednesday, April 3, 2019

Accor hospitality group has announced the opening of the first Swissôtel hotel in Romania, in Bucharest, following the signing of a management contract with the local partner and investor, Business Hotels Investment, a member of the Niro Investment Group. Upon completion, the development operated under the Swissôtel brand will feature 225 rooms distributed on 18 floors, restaurants, a pool, a Spa & Sport facility and a designated area ...

Six out of ten Romanians want to have own business, youth stand for 77pct

Wednesday, April 3, 2019

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Six out of 10 Romanians, namely 63 percent want to have their own business, the percentage being significantly higher among men (72 percent), 18-23 year old youth (77 percent) and adults aged between 24 and 38 (75 percent), according to a study carried out by a market research company.The data were collected in January this year and are representative at urban level.Also, for 8 out of 10 Romanians, being independent means not being financially dependent on ...

Over 13,5k companies removed from Trade Register in Jan-Feb 2019

Wednesday, April 3, 2019

The number of the companies removed from the Trade Register dropped in the first two months of 2019 by 11.16pct against the same period of 2018, reaching 13,551 operators, according to the National Trade Register Office (ONRC).By activity fields, the highest number of deregistered companies was recorded in the wholesale and the retail trade, the motor vehicles and motor bikes' repairing, agriculture, forestry, fishing and constructions.February 2019 ...

Regina Maria put up for sale by Polish investment fund Mid Europa

Wednesday, April 3, 2019

Polish investment fund Mid Europa is looking to sell the second-largest private healthcare provider in Romania, Regina Maria, in a process that should be finalised this year, according to sources cited ...

AHK Romania's General Manager: We want to contribute to Romania's competitiveness, friendlier business environment

Wednesday, March 27, 2019

 A country's improved competitiveness results in a friendlier business environment for both Romanian and foreign companies, Sebastian Metz, General Manager of the Romanian - German Chamber of Commerce and Industry (AHK Romania) told the conference "Cities of Tomorrow" on Tuesday."Cities of Tommorow" has proven its top efficiency for the business milieu, in short for all stakeholders in urban development. The common goal of this conference, in its seven years ...

Octagon, a major Romanian construction firm, goes insolvent

Wednesday, March 27, 2019

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Octagon, one of the major construction companies in Romania, has filled last week for court protection against its creditors due to growing costs, http://business-review.eu informs. Octagon is owned by two Greek citizens, Alexandros Ignatiadis and Paschalis Paganias. Octagon is currently working as construction contractor on several real estate projects in Bucharest.Constructions and real ...

Lactag recorded a turnover of RON 59 million in 2018

Wednesday, March 27, 2019

Lactag, the largest milk processor in Romania, recorded a net turnover of RON 59 million in 2018, up 36 percent compared to 2017. The Romanian company, now under the judicial administration of CITR, registered an operating profit of RON 800,000. “We are delighted that the financial restructuring strategy is starting to pay off and Lactag’s figures are improving as we expected for the first reorganization trimesters. We will continue to ...

Huercasa to open new factory in Romania, investment of EUR 3m

Wednesday, March 27, 2019

Spanish food company Huercasa is planning to open a new factory in Romania to increase its sales in Central and Eastern European countries, a region that has earned 80% of its revenues in 2018, ‘Fresh Plaza’ reports on Friday. Huercasa, part of the Anecoop fruit and vegetable producer, plans to develop a new organic product category, ‘Express Slow Food’, for the European market. The new factory will be ...

Study: Consulting services market in Romania reached 200 million euro in 2018

Wednesday, March 27, 2019

The consulting service market in Romania grew by 6% to 200 million euro in 2018 against the previous year and the trend will maintain the same this year too, a market study released on last Thursday shows. According to results reported by the main consulting companies in the area, Romania ranks second after Poland, as value of consulting services offered by the most important players in the world, in 2018. Thus, in the Polish market, consulting ...

 Florin Susanu , TAROM's interim director general

Wednesday, March 27, 2019

 Florin Susanu was appointed on Thursday by the TAROM Board of Directors as interim director general and accountable manager of the company, the air operator informs in a press release ."The Board of Directors of the National Company TAROM has appointed in today's meeting, 21 March, a new interim director general and accountable manager in the person of the commanding flight instructor Florin Susanu who is currently director of the national company's Flight ...

eMAG is expanding to 5 countries following merger with Hungarian e-commerce company

Wednesday, March 27, 2019

eMAG Hungary and Extreme Digital from Hungary has announced their merger, with eMAG thus expanding in five other countries: Czechia, Slovakia, Slovenia, Croatia and Austria. eMAG Hungary aims sales of EUR 1 billion on the Hungarian market through the merger with Extreme Digital. „This partnership represents an acknowledgement of technologies’ quality eMAG has developed in the past ten years. We are sure that eMAGs expansion in the ...

Chinese rail vehicle company CRRC Sifang to submit bid in Bucharest City Hall’s tender for new trams

Wednesday, March 27, 2019

With a sales figure of over USD 5 billion in 2018 and more than 32,000 rail vehicles sold worldwide, the Chinese at CRRC Sifang want to capture the Romanian market as well. CRRC Sifang, the core subsidiary of CRRC Corporation, the largest supplier of rail transit vehicles in China, joins hands with Astra Vagoane Calatori, a renowned Romanian car-builder, to attend the bidding for a tram project issued by the Bucharest ...

Thales opens a center of excellence in Bucharest

Wednesday, March 27, 2019

French software company Thales has inaugurated a center of excellence in engineering in Bucharest, where more than 750 engineers will be hired over the next three years, said Silviu Agapi, the CEO of Thales Romania. The company now has over 250 engineers employed. “Thales already has a solid presence in Romania as a partner of the Romanian Armed Forces for more than 40 years and with industrial operations established here since 2007. The group ...

A&D Pharma buys 46 Belladonna pharmacies

Wednesday, March 27, 2019

A&D Pharma Group continues strengthening their position on the retail pharma market after buying and integrating 46 Belladonna pharmacies, http://business-review.eu reads. The pharmacies will be rebranded as Punkt, the retail chain operated by the company along Sensiblu, the other pharma retail chain.   The announcement came right after ...

Aroundtown acquires 11.8 pct stake in Globalworth, the largest office owner in Romania

Wednesday, March 27, 2019

German Aroundtown has acquired an 11.8 percent stake in Globalworth real estate investor and developer. Aroundtown is a real estate company with a focus on properties with added value potential in central locations in top tier cities, primarily in Germany and the Netherlands. With a commercial real estate portfolio worth more than EUR 13 billion, Aroundtown is the largest and highest rated commercial real estate company in Germany and the 4th largest ...

John Stynes appointed as Bitdefender's new CFO

Wednesday, March 27, 2019

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Cybersecurity solutions provider Bitdefender has announced the appointment of John Stynes as its new CFO. Stynes is Irish and has almost two decades of experience as a CFO of technology companies. Previously, Stynes was the CFO of Verifone for Europe and Russia, where he had a key role in the financial department’s transformation, the strategic supervision of the business and relations with European investors. His activity allowed the company to ...

eJobs recorded a turnover of EUR 9.6 million in 2018, up 20 percent

Wednesday, March 27, 2019

eJobs, the online recruitment platform part of Ringier Romania, ended 2018 with a turnover of EUR 9.6 million, up 20 percent over the previous year, http://business-review.eu informs. For the third consecutive year, the company remains the industry leader, with a market share of over 50 percent and a base that exceeded the threshold of 4 million candidates. The main growth engine of last year was job listings, ...

Labour force deficit reduces productivity: seven out of ten employers affected

Wednesday, March 20, 2019

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About seven out of ten employees say they had smaller profits and business figures, because of the labour force deficit and the shortage of specialists, data of the latest opinion poll made by BestJobs recruiting site. The impossibility of finding and recruiting the best employee in due time does not only lead to rising  pressure on the other employees, but also to losing important contracts with certain clients, productivity stagnation or reduction, restricting company ...

Eurostat: Romania, among the EU states with low job vacancy rates despite claims of workforce crisis

Wednesday, March 20, 2019

The impressive economic growth Romania has been experiencing during the last few years has put increasing pressure on employers to find skilled workers in order to expand their businesses, but recent official data show Romania is far from being considered to be in a “workforce crisis” situation. The job vacancy rate in Romania fell 0.1 percentage point in the last quarter of 2018 compared with the previous quarter, to 1.2 percent, the eighth lowest rate among the 28 EU ...

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