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Savills expects EUR 1 bln in real estate transactions in 2018

Wednesday, September 26, 2018

The year 2018 will most likely attract at least the same volume of investment as the previous year, of EUR 1 billion, according to Savills real estate research company quoted by http://business-review.eu. Investment returns remained roughly the same as in 2017, with office investment returns falling by 0.25 percent, while retail yields rose slightly by 0.25 percent. The fact that the products available on the market are more ...

Fondul Proprietatea concerned about draft proposing the exemption of state-owned companies from corporate governance

Wednesday, September 26, 2018

Fondul Proprietatea expresses significant concerns about a new legal draft, currently discussed in the Commitees of the Chamber of Deputies, which proposes the exemption of 100 major state-owned companies (SOEs) from the enforcement of corporate governance legislation currently in force, http://business-review.eu reads. Some of the most valuable Romanian SOEs, operating in vital sectors, are targeted, including: Hidroelectrica, ...

KeysFin survey: Romanian Insolvencies. Main causes, effects and perspectives for 2018

Wednesday, September 26, 2018


The economic growth mirage risks blocking the business relations in Romania. The Business Barometer alerts on rising insolvency risks The Romanian economy risks more and more financial bottlenecks as the number of companies facing financial difficulties increases from month to month. This is the opinion of most business representatives questioned by Frames Media Network and KeysFin in a recent survey on local company ...

Brico Depot starts rebranding operations for Praktiker network

Wednesday, September 26, 2018

Brico Depot Romania, part of Kingfisher plc, began the process of rebranding Praktiker’s portfolio, http://business-review.eu informs. The acquisition, in 2017, of Praktiker strengthens Kingfisher’s position on the local home improvement market, becoming the number two in Romania, with a network of 38 stores and growth opportunities on the local market. The rebranding ...

EBRD president signs two loans while on visit in Romania

Wednesday, September 19, 2018

The European Bank of Reconstruction and Development (EBRD) will finance Romanian car rental services provider Autonom with EUR 5 million, romania-insider.com reports. The loan will enable the company to expand its car fleet in order to meet growing demand from Romanian firms, especially SMEs. The loan agreement was signed in Bucharest on Monday, September 17, by EBRD President Suma ...

Bell UH-1Y helicopter that could be built in Romania, presented at

Wednesday, September 19, 2018


The Bell UH-1Y combat proven utility helicopter that could be built in Romania in the future, at central Ghimbav, near Brasov, was presented in European premiere at the "NATO Days" event organised Saturday and Sunday on the airport near Ostrava, in the Czech Republic.The combat variant AH-1Z is not here, but here it is the multi-role combat version.(...) slated to transport the troops in the conflict area and bring them back in safety from the battle field. (...) ...

Number of Jan - July newly set up foreign capital companies down 4.7 pct YoY

Wednesday, September 19, 2018


The number of newly set up companies running on foreign capital was 4.7 percent down over Jan - July 2018 compared to the same period of 2017, standing at 3,337, shows National Trade Register Office data.The 3,337 new companies had a paid-up capital worth more than 36.3 million US dollars, up 86 percent YoY.In a YoY comparison, the number of startups this July was 479, most of them being set up in Bucharest - 221, Timis County - 34, and Cluj County - ...

Emirati Sheikh says his country wants to increase investments in Romania

Wednesday, September 19, 2018

Emirati Sheikh Hamdan bin Zayed Al Nahyan made an official visit to Romania during which he had a meeting with president Klaus Iohannis on Monday, September 17, romania-insider.com informs. The two officials talked about the development of the bilateral relations between the two countries, especially in the business area. The Emirati high official said that his country is interested in increasing investments in Romania, according ...

CEO TAROM: Three consecutive months in the plus, TAROM is on right path

Wednesday, September 19, 2018

 Romania's national air carrier TAROM will end the summer season in the plus, given that the company's losses decreased by approximately 40 percent, as compared to the same period of last year, while income went up by over 25 percent, according to the data sent by the company."Three consecutive months in the plus at TAROM. We are on the right path. We are aware of the positive results achieved by TAROM. We have managed to reduce to half losses incurred in ...

Medicover buys Oradea’s Pelican Hopital

Wednesday, September 19, 2018

Medicover, one of the leading private medical services companies in Romania, has completed the acquisition of Pelican Hospital, the main provider of health services in Oradea, http://business-review.eu reads. Following the approval of the Competition Council for this transaction, Medicover has become the ...

Elis Pavaje buys Fruhwald factory in Vintu de Jos

Wednesday, September 19, 2018

Romanian manufacturer of pavements and curbs, Elis Pavaje, controlled by the Gota family in Alba County, took over the Fruhwald vibropressed concrete factory from Vintu de Jos from the Austrian company Frühwald in a EUR 1 million transaction. The Vintu de Jos factory produces pavements and borders for industrial works with a nominal capacity of 1,000 sqm/day and concrete bricks (nominal ...

Deloitte Romania appoints Monica Guminski and Alexandru Aparaschivei as directors

Wednesday, September 19, 2018

Deloitte Romania appointed Monica Guminski and Alexandru Aparaschivei to director roles, http://business-review.eu informs. Monica Guminski, formerly Senior Manager Audit and Assurance, has been promoted to Audit Director, and Alexandru Aparaschivei, formerly Senior Manager Tax, is now Tax ...

Vodafone will lay off 1,700 service center employees in Romania, India and Egypt

Wednesday, September 19, 2018


Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group’s new CEO Nick Read said in an interview for Financial Times. The ...

Liviu Tudor, elected president of the European Property Federation

Wednesday, September 19, 2018

Liviu Tudor, one of the biggest real estate investors in Romania, was elected president of the European Property Federation (EPF) an organization that represents real estate investors and advises EU institutions in their real estate policy-making. Liviu Tudor is the CEO of Genesis Property, a company that owns two business parks in Bucharest, Novo Park and West Gate, with some 150,000 sqm of office space. He is also president of the Romanian ...

Ambassador Klemm: Romanian start-up ecosystem, more and more dynamic, but expansion is still difficult

Wednesday, September 12, 2018

The Romanian start-up ecosystem is becoming more and more dynamic, but its expansion is still difficult, in the context in which some regulations "can generate unintended, but disproportionate burdens," declared, on Monday, the United States ambassador in Romania, Hans Klemm, at the opening of "Startup Path 2018".In order for entrepreneurs to put their ideas into practice, they need true "ecosystems", formed since college, environments where the latest ...

Romania has 56 companies in Coface’s Top 500 CEE

Wednesday, September 12, 2018


The international credit insurance company Coface has presented its tenth annual study on the biggest 500 companies in Central and Eastern Europe – the Coface CEE Top 500, http://business-review.eu informs. It ranks the businesses by their turnover and additionally analyses further facts such as the number of employees, the framework of the companies, sectors and markets as well as the new Coface company credit assessments. The ...

Serge Durand(Airbus): We've been here for five decades; if Romania wants, we stay five more

Wednesday, September 12, 2018

Airbus has been in Romania for five decades and "should Romania wish so", it can stay for another 50 years, Serge Durand, the head of Airbus Romania told an interview granted to AGERPRES.The head of Airbus Romania also talked about the threshold of 16 helicopters that Romania should order so that the assembly activity of the aircraft in the Airbus plant in Brasov can begin. Thus, he referred to what former French President Francois Hollande had said at the ...

Bitdefender takes over Australian partner SMS eTech

Wednesday, September 12, 2018


Bitdefender has announced on Tuesday the takeover of its Australian partner SMS eTech, as part of its global business expansion strategy, http://business-review.eu informs. The acquisition strengthens the company’s position in the Asia-Pacific region and globally by creating its own subsidiary, Bitdefender Australia, headquartered in Melbourne. The value of the acquisition was not disclosed. By integrating ...

Xerox Helps Global Channel Partners Accelerate Revenue Growth with New Sales and Marketing Program

Wednesday, September 12, 2018

 Xerox Global Partner Program is now available in Romania to help authorized partners drive revenue and strengthen client relationships, particularly in the lucrative and growing small- and medium-size business market, a press release sent to ACTMedia informs. With this ...

Dacia’s production up 4 pct to 211,963 vehicles in the first 8 months

Wednesday, September 12, 2018

According to the the Association of Automobile Manufacturers in Romania (ACAROM), in the first eight months of 2018, Dacia’s Mioveni plant production was 211,962 vehicles, representing a 4 percent increase over the same period in 2017 (203,876 units), http://business-review.eu informs. An increase of 27.3 percent was recorded in August 2018 compared to August 2017, thus confirming the positive trend of the ...

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