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Agricover reached a net profit of RON 17.8 million in the first semester of 2018

Wednesday, August 8, 2018

Agricover Credit IFN, financial institution dedicated to financing the Romanian agriculture, concluded the first semester of 2018 with an operating result of RON 21.2 million and a net profit of RON 17.8 million, up 57.1 percent against the same period of 2017, http://business-review.eu informs. The company granted in the first semester a financing of RON 524 million to 2,970 farmers, ...

Applications for investment incentives state aid scheme can be submitted starting August 27

Wednesday, August 8, 2018

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Prime Minister Viorica Dancila said on Thursday, at the beginning of a government meeting, that applications grants under an investment incentives state aid scheme, designed to stimulate investments with a major impact on the economy, can be submitted starting August 27."Starting August 27, applications for grants under the state aid scheme designed to stimulate investments with a major impact on the economy may be submitted. After approval by the government of ...

Number of deregistered companies goes up 1.19 percent in H1, to 41,748

Wednesday, August 8, 2018

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The number of deregistered companies has gone up, during the first 6 months of 2018, by 1.19 percent, in comparison with the same period of 2017, reaching 41,748, according to the statistics of the National Trade Register Office (ONRC).The most companies that were deregistered were in Bucharest - 6,492 companies (by 10.29 pct fewer as opposed to the first 6 months of 2017) and in Cluj - 1,741 (fewer by 12.29 pct), Iasi - 1,687 (minus 4.53 pct) and Timis - 1,677 ...

Vodafone Romania  recorded income for services of over 178 million euro in the quarter closed on 30th June

Wednesday, August 1, 2018

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Vodafone Romania announced on Wednesday that they had income from  services of 178.2 million euro in the quarter that closed on 30th June,they being constant in  comparison to the same period of the previous year,  despite the negative impact of the interconnection tariffs. ‘The income of services for the quarter closed on 30th June got to 178.2 million euro and were constant as  compared to the same period of the previous ...

Austrian Alpla acquires Greek company Argo with a factory in Romania

Wednesday, August 1, 2018

Plastic packaging producer Alpla acquired the Greek company Argo S.A., which owns a factory in Romania, http://business-review.eu informs.  Austrian Alpla Holding acquired the Egyptian production site of Argo S.A at the end of 2015 and now is planning to purchase all the shares in the Greek company. The Austrian and Romanian competition authorities are currently examining the ...

Insolvencies down 4 pct in H1, suspensions and dissolutions up 26.6 pct, 46.3 pct respectively

Wednesday, August 1, 2018

The number of the commercial companies and authorised individuals (PFAs) in insolvency in the first half of the year went down 4.08 pct, against the similar period of 2017, to 4.486, the National Trade Register Office (ONRC)'s website informs.Most of the companies and the PFAs in insolvency are from Bucharest, namely 897, down 14.73 pct vs the first semester of 2017 and in the counties of Bihor - 293 (plus 16.27 pct), Iasi - 259 (minus 12.79 pct), Constanta - 239 ...

TeraPlast Group has in the first half of 2018, two times the revenue it had in the same period of 2017

Wednesday, August 1, 2018

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TeraPlast Group, one of the main players in the construction industry, has recorded during the first half-year of 2018 a 338 million RON turnover, doubling its turnover as compared to the first half-year of the previous year, when its business amounted to about 172 million RON. The businesses added last year to the Group’s portfolio had the main contribution to this growth: Depaco (Wetterbest), the sandwich panel manufacturer in Serbia and the Politub business. ...

Medicover reports revenues of EUR 42.2 million in Romania in the first half of 2018

Wednesday, August 1, 2018

The international health company Medicover reported a 13.9 percent increase in revenue in the first half of the year over the same period last year, up to EUR 323 million, http://business-review.eu informs. In Romania, the group made EUR 42.2 million. Medicover is present in Romania through Medicover Clinical Medical Network and the Synevo Laboratories and Harvesting ...

Carrefour posts EUR 1 bn revenues in Romania in the first semester of 2018

Wednesday, August 1, 2018

French group Carrefour reached revenues of around EUR 1 billion in Romania in the first half of the year, up 8.1 percent from the same period last year, http://business-review.eu reads. According to Carrefour’s year-on-year financial report, business grew by 5.3 percent, the second largest growth in the markets where the retailer is active. Carrefour has around 328 stores in ...

Continental Anvelope buys former industrial platform UMT in Timisoara

Wednesday, August 1, 2018

Continental has bought 32 hectares of land from the UMT and Prompt companies group, representing most of the former industrial platform UMT in Timisoara, romaniajournal.ro informs. The acquisition will help the company expand the storage capacity of the finished goods and optimize its logistics costs. The transaction has been concluded following negotiations between UMPT-Prompt group and ABA Consulting economic and legal advice ...

Salrom's profit up 8pct in H1 of 2018

Wednesday, August 1, 2018

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The National Salt Corporation Salrom, the only salt producer in Romania, recorded in the first half of 2018 an 8pct increase in turnover compared to the same period of last year, having reached 186.1 million lei, while the total revenues of the company amounted to 197.2 million lei, according to a press release.The estimated financial results for the first half of 2018, before the payment of royalties, also recorded increases over the previous year. Thus, the ...

Start-Up Nation 2018 kicks off in autumn, beneficiaries can sell winning projects

Wednesday, August 1, 2018

 The Start-Up Nation 2018 Programme will kick off this autumn, after the majority of last year's edition will have have received the money, so that the administrative process not be burdened, the Minister for Business Environment, Trade and Entrepreneurship, Radu Stefan Oprea, told a press conference on Thursday."Today, there are more than 6,500 beneficiaries having access to financing, those who applied for funds through the partner banks and those who have ...

BearingPoint expands its Security Advisory Center of Excellence in Romania

Wednesday, August 1, 2018

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* The Management and technology consultancy supports its clients to stay secure in a highly interconnected digital business world Management and technology consultancy BearingPoint announced that it is expanding its Security Advisory Center of Excellence (CoE) in Romania, a press release sent to ACTMedia informs. In the highly interconnected digital business world, the number of security vulnerabilities are multiplying exponentially, and ...

The Competition Council analyses the trading through which Intermediate Capital Group  takes over Echezeaux Groupe

Wednesday, July 25, 2018

The Competition Council analyses the trading through which Intermediate Capital Group plc takes over Echezeaux Groupe SAS,informs the Romanian competition authority. Intermediate Capital Group plc(The UK)is specialised in the management of assets owned by their own and third party investment funds, mainly closed funds. ICG operates on four classes of assets – corporate, capital markets, real estate assets and private capital solutions. ...

Competition Council authorized PIF Industrial and Dedeman to take over Cemacon S.A

Wednesday, July 25, 2018

The Competition Council has authorized the transaction through which PIF Industrial and Dedeman will take over Cemacon S.A. and Cemacon Real Estate. PIF Industrial and Dedeman are part of the same group of companies. PIF Industrial’s main activity is business and management consulting, while Dedeman is the largest construction materials retailer in the country. Cemacon is a manufacturer of bricks, ...

Geze Romania exceeded EUR 4 million as turnover in financial year 2017-2018

Wednesday, July 25, 2018

Geze Romania exceeded EUR 4 million turnover for the financial year 2017-2018, due to the strengthening of the company’s image and the growth of the construction market especially the office and commercial segments, http://business-review.eu reads. “In the financial year 2017-2018 we succeeded in transforming challenges and special requests into ...

RE / MAX Romania's business grew by over 35% in the first semester 2018

Wednesday, July 25, 2018

RE/MAX Romania intermediated more than 1,000 real estate transactions in S1 2018, with a value of EUR 40 million. At the same time, the value of the total commissions received from the real estate intermediation in S1 2018 is 35 % higher compared to the same period of the previous year. “In the first half of 2018, RE/MAX Romania experienced steady growth in business, a ...

TotalSoft finalized the merger with Architected Business Solutions

Wednesday, July 25, 2018

Leading business software solutions provider and integrator TotalSoft, a fully owned subsidiary of Logo Yazilim A.S. (Logo), has finalized the procedures for the acquisition and integration of Architected Business Solutions (ABS), a business management consultancy group with solid expertise in strategy, business process management, technology and outsourcing, romaniajournal.ro informs. TotalSoft thus becomes a unique company in the local IT and ...

Five-month business dissolutions at 15,751, almost 60 pct higher YoY

Wednesday, July 25, 2018

Business dissolutions in the first five months of the year were up 59.49 percent standing at 15,751 compared to 9,876 in the same period of the year before, shows data released on the website of the National Trade Register Office (ONRC).Bucharest tops the list with most company dissolutions - 2,103 (up 50.74 pct compared to January - May 2017), followed by the counties of Cluj with 503 (+65.61 pct), Constanta - 449 (+54.12 pct) and Timis - 408 (+67.07 ...

Romania is the smallest international investor in Europe, with FDI abroad 3 times lower than Bulgaria

Wednesday, July 25, 2018

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Romanian investors made total direct investment of USD 883 million in other countries until the end of 2017, the smallest amount among the 28 European Union member states and similar to the investment abroad registered by countries like Kenya or Cambodia, according to “World Investment Report 2018” released by United Nations Conference on Trade and Development (UNCTAD). International statistics show Romania is the smallest international ...

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