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Outsourced project management services market to grow by over 20pct in 2018

Wednesday, July 25, 2018

The outsourced project management services market will grow by over 20pct in 2018, and this trend will be maintained in the future because investing in professional project management services generates savings covering several times the fees of the consultants involved, shows an analysis of a real estate consulting company and issued on last Wednesday."Outsourced project management services have long been considered a luxury in Romania. The situation has now ...

Romania is half-way from Hungary, Poland in terms of companies with 1M euro turnover per 1M inhabitants (INACO)

Wednesday, July 25, 2018

Romania is half-way from Hungary and Poland in terms of number of companies whose turnover goes over one million euros per one million inhabitants, says Ioana Arsenie, a member of the INACO (Initiative for Competitiveness) think-tank, an expert in strategic and financial consulting.According to Arsenie, despite the 8th constant economic growth year in Romania, we do have an obvious imbalance against our neighbours as regards the ability to develop Romanian ...

Gov’t approves draft emergency ordinance allowing minority shareholder Damen to take over the management of Mangalia Shipyard

Wednesday, July 25, 2018


The Government approved on Tuesday a draft emergency ordinance allowing an exception from the current legal framework on corporate governance for companies having the state regaining the majority shareholder status after being minority shareholder, romaniajournal.ro reads Actually, according to the document, the state, as majority shareholder, can grant the management of the company to the minority shareholder, if the latter has the technical and financial capability. It is ...

AROBS Transilvania Software buys Dutch and Belgian companies

Wednesday, July 25, 2018

Romanian IT solutions provider AROBS Transilvania Software, founded and controlled by local investor Voicu Oprean, has bought two companies in the Netherlands and Belgium valued at EUR 1.3 million, ...

Good results in 2017 for Danone Romania support the strong business plans and investments in 2018

Wednesday, July 18, 2018


Last year Danone Romania recorded strong business results, consolidating a profitable position which allows the company to continue investing in the Romanian market in 2018, a press release sent to ACTMedia informs. Revenues amounted to 497 million lei, increasing by approx. 3% compared to 2016. The positive evolution in the past several years is a consequence of Danone’s focus on the yogurt segment where it delivers on the market incremental ...

Xerox Helps SMBs Get More Work Done with New Cost Effective Monochrome Multifunction Printers

Wednesday, July 18, 2018


Today’s small- and medium-sized businesses need efficient printing options that maximize productivity, reduce costs and simplify daily work processes. Xerox answers with the Xerox B1022/B1025 Multifunction Printers (MFPs), the company infomrms în statement sent to ACTMedia. The affordable all-in-one devices combine the functions of a duplex copier, printer, color scanner and fax1. The B1022/B1025 allows users to produce output on paper ...

Porsche Engineering Romania moves to new HQ in Cluj-Napoca

Wednesday, July 18, 2018

Porsche Engineering Romania, the local subsidiary of global engineering services provider Porsche Engineering Group GmbH, relocated its headquarters to the Vivido Business Center in Cluj-Napoca, romania-insider.com informs. The headquarters cover 2,200 sqm and include offices, testing and simulation rooms, and a large terrace and relaxation areas. The new offices have been equipped with the latest technologies meant to accommodate work on a variety of ...

Teraplast wants to open new factories in the Central European region

Wednesday, July 18, 2018

Romanian investor Dorel Goia, the controlling shareholder of local building materials producer Teraplast Bistrita, wants to open new factories in the Central European region. Last year, the group opened a thermal insulation panels factory in Serbia. “We are looking at the countries in the region for new factories. We would prefer to open one in Poland because it’s a big country that has created an important business ...

Telekom Romania replaces two top-managers

Wednesday, July 18, 2018

Telekom Romania group of companies announces that Andreas Elsner will be appointed Chief Residential Marketing and National Sales Officer, effective 1st of September 2018, replacing Frantisek Mala in this role, http://business-review.eu informs. Andreas Elsner will be responsible for the coordination of all residential customer-facing commercial efforts and initiatives. He will focus on product simplification and self-service ...

Romania's Dacia posts record sales in H1

Wednesday, July 18, 2018

Groupe Renault Romania said on Monday its worldwide sales under the Automobile Dacia brand rose 13.4% on the year in the first half on 2018, reaching record-high 378,095 units, seenews.com informs. In Europe, Dacia posted a first-half sales record with 281,225 vehicle registrations, up 14.6% on the year and equivalent to a 2.9% market share, up 0.3 points, Renault said in a statement. The increase was driven by the ...

TAROM acquires five new Boeing aircraft; Technical Division becomes official Boeing partner

Wednesday, July 18, 2018

The acquisition by Romania's national air carrier TAROM of five Boeing 737-MAX 8 aircraft is part of a wider contract that also provides for the commencement of procedures for the Technical Division of TAROM to become an official Boeing partner, the Transport Ministry said Monday in a press statement.Transport Minister Lucian Sova participated in the contract signing ceremony in London on Monday under which TAROM acquires five Boeing 737-MAX 8 aircraft customised ...

Jumbo to open 3 more hyper stores in Romania in the next year

Wednesday, July 18, 2018

The Greek toys retailer Jumbo will open three more hyper stores in Romania until June 2019, according to a statement of the company quoted by http://business-review.eu. “The investment in Romania continues and three more hyper stores are expected to open in the country until June 2019,” the company said. Jumbo operates today 75 stores, 51 of which are located in Greece, 10 in Romania, 9 in Bulgaria and 5 in Cyprus. ...

Dacia remains the most valuable Romanian brand, worth EUR 1.2 billion

Wednesday, July 18, 2018

Automotive brand Dacia remains the most valuable Romanian brand in 2018, and still the only one so far worth over EUR 1 billion, according to the latest report by Brand Finance, http://business-review.eu informs. With an increase in sales worldwide through the Renault network (as over 90 percent of the brand’s local production is sold abroad), Dacia is unlikely to be overtaken soon. Valued at EUR 1.24 billion, slightly up ...

Synevo Romania GM to coordinate five SEE markets

Wednesday, July 18, 2018


Laurentiu Luca, the general manager of Synevo Romania, has been appointed managing director for South Eastern Europe of the medical laboratories network, romania-insider.com reads. He will coordinate the company’s activity in five markets, namely Romania, Bulgaria, Moldova, Serbia and Georgia. Luca has been the GM of Synevo Romania since 2016. He joined the company in 2010 as regional and development ...

Reynaers Aluminium business went up 15 pct in the first 6 months of 2018

Wednesday, July 18, 2018


Reynaers Aluminium registered 15 percent more business in the first half of 2018 compared to the same period in 2017, http://business-review.eu informs. The first 6 months of 2018 brought to Reynaers Aluminum in Romania a growing business as a result of the delivery of a large volume of joinery and sliding doors for the completion of large projects in the market as well as for starting work for new notoriety projects ...

Mapei brings inspiration in construction, alongside Armada agency

Wednesday, July 11, 2018


Mapei announces the launch of a new communication campaign in Romania. Named "Inspiration," the new product campaign created by Armada, starts from the idea that inspiration means for each of us something else. It gets all sorts of shapes and colors, depending on what we want or what we need at that moment, the company informs în a press stateme t sent to ACTMedia. And, in construction, inspiration means Mapei! „The ...


Wednesday, July 11, 2018

- Dorel Goia, Chairman of TeraPlast’s Board of Directors: ‘We want to keep proving our investors that we are a solid company, which they can trust in the long run. Our focus is to increase the market shares for each of the Group divisions without losing sight of our responsibility towards people and environment’ - Adrian Tanase, BVB’s CEO: ‘After the model of the TeraPlast Group we hope to see as many ...

Medicover concludes acquisition of Academica medical center

Wednesday, July 11, 2018

Medicover, one of the main private medical services providers in Romania, has concluded the acquisition procedure of Academica Medical Center. The transaction is consolidating the private healthcare player’s presence in Bucharest, where the company already has a hospital, a maternity hospital and ten clinics. The transaction consists of taking over all shares of the two Academica clinics in Bucharest, both located in premium  residential ...

Hili Properties steps up development activity following revenue growth in 2017

Wednesday, July 11, 2018

Hili Properties plc has registered an operating profit of €4.4 million for the year ended December 31, 2017, up from €3 million the previous year, following a 31% increase in revenue. Hili Properties, part of Hili Ventures, holds and manages a strategic collection of commercial property for lease in Latvia, Lithuania, Estonia, Malta and Romania. Its diverse portfolio, valued at €100 million, includes four dedicated business blocks, nine ...

Slovene retailer Vitapur Home enters Romania

Wednesday, July 11, 2018

Vitapur Home, a brand developed in Slovenia which manufactures and sells products for premium homes, sports or travelling, enters the local market by opening a 120 square meter store within the Mega Mall in Bucharest, owned by the South-Africa based NEPI Rockcastle company, romaniajournal.ro informs. Vitapur currently has a network of approximately 90 stores in shopping centers and galleries in Slovenia, Croatia, Montenegro, Serbia, Bosnia and ...

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