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Colt included Bucharest in the expansion of its IQ Network in the CEE region

Wednesday, December 12, 2018

Colt Technology Services has announced on Thursday the expansion of the Colt IQ Network in Central and Eastern Europe, further ...

Hiring subsidies of about 480 euro per job for companies taking in jobless, young graduates

Wednesday, December 12, 2018

 The companies hiring jobless people or young graduates will receive a monthly subsidy of about 480 euro (2,250 lei) for each such employee for 12 months, the Ilfov Employment Agency (AJOFM) said in a release on last Wednesday.These incentives are intended for businesses that hire for an indefinite period unemployed aged over 45, single parents who are the family's sole breadwinners, long-term unemployed or young people who are not in education, employment or ...

P3 Logistic Parks buys plot for new logistics park near Bucharest

Wednesday, December 12, 2018

Pan-European logistics developer P3 Logistic Parks has purchased a 16 hectare land plot near Bucharest, in Dragomiresti Vale – a prime location for logistics activity on the north-western outskirts of the capital city. A new 80,000 sqm logistics park, which will be named P3 Bucharest NW Ring Road, will be developed on this land. It will have immediate access to Bucharest’s new ring road and will allow for easy connections with all parts of ...

Competition watchdog slaps EUR 53 ml worth of fines on nine insurers, trade association UNSAR

Wednesday, December 5, 2018

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The Competition Council handed down fines worth a total of 246.74 million lei (approximately 53 million euro) to nine insurers and the National Union of Romania's Insurers and Reinsurers (UNSAR) for having coordinated their market behavior in order to trigger the increase of RCA mandatory civil liability insurance fees."Following the conducted investigation, the competition authority found that insurers Allianz - Tiriac Asigurari SA, Asigurarea Romaneasca - Asirom ...

Start-Up Nation 2018: Business plans online registration platform to open in second half of December

Wednesday, December 5, 2018

The government will adopt at this week's sitting the Ordinance on the Start-Up Nation Program, and the business plans online registration platform will open in the second decade of December, the Ministry for Business Environment, Trade and Entrepreneurship said in a release.The updated version of the procedural documents required for the online registration with the 2018 edition of the Start-Up Nation Program was released on the Ministry's website, the business ...

Analysis: 17,000 companies in the Romanian software industry generate EUR 5.4 billion in turnover and employ 106,000 people

Wednesday, December 5, 2018

There are over 17,000 companies active in the Romanian the software industry today, nearly 3,000 more than in 2012. Last year, their turnover went up to EUR 4.9 billion, and this year it will exceed EUR 5.4 billion, according to an analysis conducted by KeysFin cited by http://business-review.eu.  Compared to 2007, software business grew by 150 percent, and compared to 2016 by 5.4 percent, a sign that the market has ...

Decathlon opens its 23th store in Romania in Veranda Mall

Wednesday, December 5, 2018

Decathlon, the leading European sporting goods retailer, opened the fifth store in Bucharest and its 23rd in Romania in Veranda Mall, http://business-review.eu reads.  By implementing the new Borna Plus service, shop visitors have the ability to order online products from several points on-site, other than those available in the commercial space, which ...

Dent Estet posts a turnover of almost RON 35 mln for the first three quarters of the year

Wednesday, December 5, 2018

Dent Estet ended the first nine months of 20Analysis: 17,000 companies in the Romanian software industry generate EUR 5.4 billion in turnover and employ 106,000 people18 with a turnover of almost RON 35 million, a 19-percent increase over the same period of last year, http://business-review.eu reports. The highest shares in the nine-month turnover were represented by their dental prosthesis and implantology ...

Regina Maria opens a new medical center in Brasov

Wednesday, December 5, 2018

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The Regina Maria Health Network has opened a new medical center, Civic Center Brasov, following an EUR 600,000 investment. The new clinic is located in the proximity of the Brasov Medical Campus. Since the opening of the first Regina Maria clinic in Brasov, the healthcare network has invested over EUR 6 million in state-of-the-art technology and equipment. ”We started our business in Brasov in 2011 when we opened the first ...

Ford’s turnover in the first half of 2018 exceeded the whole of last year

Wednesday, December 5, 2018

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Ford Romania exceeded its total 2017 turnover in the first half of 2018, which was up 122 percent at about RON 5.4 billion, meaning that the company could soon become the second biggest exporter in Romania and one of the top five biggest companies at the local level, up from 17th place, http://business-review.eu informs. The American company has already started an investment program of ...

Maple Bear Canadian School to enter Romania with a new type of educational franchise

Wednesday, November 28, 2018

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Preparing children for lifelong learning, success and being global citizens has become the foundation of Canadian educational methodology, which makes Canada one of the world`s leader in education, romaniajournal.ro reports. This concept is becoming available for the first time in our region through Maple Bear Canadian schools and its new educational franchise model. They are designed to educate the whole child – physically, intellectually, emotionally, and ...

The top best employers of 2018 in Romania

Wednesday, November 28, 2018

The IT&C industry continues to top the employers ranking in Romania, with Microsoft Romania, Oracle Romania and Zitec ranking the first, second and third among the most appreciated companies by employees, romaniajournal.ro informs. Compared to last year, Microsoft Romania is climbing up one position, reaching the first position, while Oracle is climbing down on the second one. Zitec, a Romanian IT company, sees a remarkable rise in the employers’ ranking. Last year, the ...

Magurele laser project to attract researchers from around the world

Wednesday, November 28, 2018

The completion of the work on the ELI-NP (Extreme Light Infrastructure – Nuclear Physics) project, which involves the installation of the world’s most powerful laser in Magurele (Ilfov County) and its inclusion in a technical-scientific park, will lead to the creation of an international scientific research center and it will attract numerous high tech firms, according ...

Chicco Romania is relocating its street stores to malls

Wednesday, November 28, 2018

Chicco Romania has opened its eighth store in the country and its second one in a shopping centre, after changing their business strategy of relocating its street stores to the malls, romaniajournal.ro informs. So, the second Chicco store opened in a shopping centre is located in Bucuresti Mall, Vitan area and comes following a EUR 120,000 investment. The store is practically relocated from the former unit in 7 Ceaikovski street. The first Chicco unit opened in a mall is in Iulius ...

Volkswagen is considering Romania, Bulgaria and Turkey for the new factory for Skoda Karoq and Seat Ateca

Wednesday, November 28, 2018

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Volkswagen is planning to open a new factory in the Eastern Europe and the potential locations are Bulgaria, Turkey and Romania, according to Automobilwoche, cited by Agerpres, http://business-review.eu informs. The Volkswagen trade union in Germany is fighting for control over the new factory with Skoda, the Czech division that wants control since the new factory will produce Skoda Karoq and Seat Ateca. On November 18, Volkswagen AG head ...

EY Romania: About third of companies sponsor NGOs with over 100,000 lei in 2017

Wednesday, November 28, 2018

About a third of the Romanian companies (37pct) directed 2017 amounts in the form of sponsorship to non-governmental organizations (NGOs) worth over 100,000 lei, while 45pct ranging from 5,000 to 100,000 lei, according to a study by EY Romania, in partnership with the Association for Community Relations (ARC) and Hospice Casa Sperantei, presented on Thursday in a press conference.The study also shows that of the total number of companies that transferred over 100,000 lei to NGOs, ...

Aquila transport company could hit RON 1 bln business threshold this year

Wednesday, November 28, 2018

Aquila transport company, owned by Prahova county-based businessmen Alin Dociu ?i Catalin Vasile, could reach the RON 1 billion threshold this year after posting a turnover of RON 906.7 million last year. The company, with around 2,250 employees, posted a net profit of RON 10.1 million in 2017. During the first half of this year, the company registered a turnover of RON 441 million and could benefit from large end-year retail activity to enter into the RON 1 billion-league of ...

EU report: Romania’s SMEs haven’t yet recovered from the financial crisis

Wednesday, November 21, 2018

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Romania’s small and medium enterprises (SME) didn’t recover following the financial crisis as their employment is still bellow the level reached in 2008 and the number of major deals involving SMEs is negligible, according to the annual report on European SMEs released by the European Commission quoted by http://business-review.eu. EU-wide developments of SMEs are not evenly reflected in member states. In six member states the 2017 level of ...

Competition Council suspects atypical situation for cement producers in Romania

Wednesday, November 21, 2018

The Competition Council’s analysis of the cement production and marketing sector in Romania indicates an atypical situation, in which cement producers maintain their market shares approximately equal and stable over time, thus increasing the risk of emerging forms of activity coordination. Cement producers have already been fined almost EUR 30 million in 2005 for concerted practices of setting prices for cement ...

ARIR: 11 capital market representatives set up the Romanian Investor Relations Association

Wednesday, November 21, 2018

Companies listed at the Bucharest Stock ...

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