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Accenture to open new BPO center in Romania in Dec, hire 100 by mid-2018
Wednesday, November 22, 2017
Global management consulting and professional services company Accenture said on Monday it will open a new business process outsourcing (BPO) centr? in Romania's central city of Brasov, in December, seenews.com informs. In the following six months Accenture will employ some 100 people, who will provide customers with business process management services, it said in a press release. Initially, recruitment efforts will focus on university graduates with German language skills, the ...
German group Schieffer buys plot in Romania for new factory
Wednesday, November 22, 2017
The local subsidiary of the German group Schieffer, will build a plastic and rubber factory in Romania, romania-insider.com informs. The company will acquire a plot of over 80,000 sqm in Hunedoara from the city hall, reports ...
Study: Over 50 pct of the most performative Romanian entrepreneurs are in Muntenia
Wednesday, November 22, 2017
The most dynamic entrepreneurial companies in Muntenia were awarded at Bucharest this week at the Gala “Champions in Business”. Over 130 business people from Romania attended this year edition, business-review.eu reads. According to a study of PwC Romania for “Champions in Business”, where were analyzed the biggest 2,850 entrepreneurial companies in Romania according to the turnover from 2016, over a half of them (56 percent) ...
EBRD to back construction of aluminium profile plant in Romania
Wednesday, November 22, 2017
The European Bank for Reconstruction and Development (EBRD) said on Friday it is providing a 25 million euro ($29.5 million) loan to Alu Menziken, a Romanian subsidiary of the Swiss-based industrial group Montana Tech Components, which is expanding production in the country. The EBRD’s funds will finance the construction of a new resource-efficient plant by Romania-registered Alu Menziken, which manufactures aluminium profiles and tubes, and complex extrusion-press ...
Antibiotice Iasi invests in new production unit
Wednesday, November 22, 2017
Romanian state-owned pharma group Antibiotice Iasi will invest in a new production unit, which will be delivered in 2019, romania-insider.com informs. The group recorded sales of RON 243.2 million (EUR 50.5 million) in the first nine months of this year, up 3% year-on-year. The growth was related to portfolio expansion and consolidation on foreign markets. Its sales on foreign markets rose by 26% in the third quarter of this year compared ...
Electroputere has posted a loss of more than 30.3 million lei in the first nine months of 2017
Wednesday, November 22, 2017
Electroputere has posted a loss of more than 30.3 million lei in the first nine months of this year, up 44.9pct compared to the similar period of 2016, according to an unaudited report of the company, posted on the Bucharest Stock Exchange (BVB) website. "On September 30, 2017, the company recorded total revenues of 72.23 million lei, out of which 58.75 million lei by power transforming division, 12.919 million lei - the rotating electric machines division and 563.971 lei - ...
Digi Communications more than doubles net profit
Wednesday, November 22, 2017
Digi Communications, the company that owns Digi Mobil and RCS & RDS, recorded a net profit of over EUR 44.1 million in the first nine months of this year, up 148% over the same period last year, according to the unaudited report the company sent to the Bucharest Stock Exchange (BVB), romania-insider.com reports. Digi Communications saw revenues of EUR 230.1 million between July and September, up 8.4% year-on-year. Its net profit ...
U.S. Ambassador to Romania Visits Greenbrier-Astra Rail Facility
Wednesday, November 15, 2017
GreenbrierEurope hosted U.S. Ambassador to Romania, Hans Klemm, during a visit last week to its Greenbrier-Astra Rail facility in Arad, Romania, businessinsider.com informs. Greenbrier-Astra Rail produces bogies and freight wagons for markets in Western and Eastern Europe. During Ambassador Klemm's visit, he met with management and toured the production facilities. Greenbrier Europe showcased its ...
Ambassador Stella Ronner-Grubacic: There are over 4,600 companies with Dutch capital in Romania
Wednesday, November 15, 2017
The ambassador of The Netherlands in Romania, Stella Ronner-Grubacic, says that Romania hosts over 4,600 companies with Dutch capital that have invested mainly in sectors such as agri-food, IT, transport & logistics and the water segment, business-review.eu reads. Romania is considered to be a rapidly growing market, from the point of view of the Dutch, said the ambassador in ...
Romania’s Green Group to enter the Slovak market, investing EUR 8.5 M
Wednesday, November 15, 2017
The Romanian Green Group, the biggest integrated recycling park in South-Eastern Europe, will invest EUR 8.5 million in building a plant for processing PET bottles and mixed plastics in Slovakia, romaniajournal.ro informs. The news was confirmed recently by the Slovak Environment Minister Laszlo Solymos in a conference, adding that the investment would create 100 new jobs, ...
Survey: Family comes last for over 30% of Romanian business leaders
Wednesday, November 15, 2017
Romanian business leaders are rather self-centered people, they want to do what they like and have financial independence, they read the Bible, and are inspired mainly by Apple founder Steve Jobs and Tesla founder Elson Musk, according to an analysis by market research agency MKOR Consulting quoted by romania-insider.com. Moreover, the conclusions of the study, which was conducted on almost 650 Romanian business leaders, revealed ...
Damen Shipyards acquires Daewoo’s majority stake in Romania's DMHI
Wednesday, November 15, 2017
Dutch group Damen said on Friday it has entered into an agreement with Daewoo Shipbuilding & Marine Engineering (DSME) to buy its majority share in Romania-based Daewoo Mangalia Heavy Industries (DMHI) for an undisclosed sum, seenews.com informs. With the acquisition of the majority share in DMHI, Damen Shipyards Group takes the next step in strengthening its international shipbuilding and ship repair activities, it said in a press release. DMHI ...
Telekom Romania Communications books negative EBIT in Jan-Sept
Wednesday, November 15, 2017
Fixed-line operator Telekom Romania Communications posted negative earnings before interest and taxes (EBIT) of 22.4 million euro ($26 million) in the first nine months of 2017, its parent company, Greece's OTE, said on Thursda,. Seenews.com reads. The company booked a negative EBIT of 46.6 million euro in the corresponding period of last year. "Romanian fixed operations benefited from the continuing high demand for FMC ...
Can-Pack to upgrade facility in Romania with new EBRD investment
Wednesday, November 15, 2017
The European Bank for Reconstruction and Development (EBRD) said on Wednesday Polish-based manufacturer of aluminium cans and can ends Can-Pack aims to introduce resource efficient technologies at its production site in Romania with the help of a new investment from the bank, seenews.com reads. The EBRD has subscribed to 40 million euro ($46 million) in 325 million euro unsecured seven-year corporate bonds issued by Can-Pack in 2016, the bank said in a ...
CBRE: Romania, the most attractive outsourcing market in CEE, after Poland
Wednesday, November 15, 2017
Romania is the most attractive destination in Central and Eastern Europe, after Poland, for business services providers, such as companies specialized in BPO, ITO, R & D or SSC, and this is due to an environment that offers the perfect balance between cost and quality, as well as due to the special linguistic qualities of the Romanian young people, romaniajournal.ro informs. According to CBRE’s Business Services Destinations in Central Europe ...
Competition Council issues EUR 120,000 fine in the car batteries market
Wednesday, November 15, 2017
The Competition Council has issued a fine of around EUR 120,000 for eight companies in the car batteries market (one producer and seven distributors), citing price fixing practices on the reseller segment, business-review.eu reads. The anti-trust watchdog said that during 2010 and 2015 there was a market fixing deal between car battery producer Caranda Baterii and the following distribution firms (Ani Auto Sport S.R.L., ...
Microsoft extends partnership with Romania’s Bitdefender to global level
Wednesday, November 8, 2017
Microsoft has extended its partnership with Romanian cybersecurity and anti-virus software company Bitdefender to a global level, Gabriela Matei, General Manager, Microsoft Romania announced at the 2017 Microsoft Summit in Bucharest, business-review.eu informs. “The strategic partnership with Romanian company Bitdefender to will extend important security features also to non Microsoft devices”, Matei ...
Ambassador Stella Ronner-Grubacic: There are over 4,600 companies with Dutch capital in Romania
Wednesday, November 8, 2017
The ambassador of The Netherlands in Romania, Stella Ronner-Grubacic, says that Romania hosts over 4,600 companies with Dutch capital that have invested mainly in sectors such as agri-food, IT, transport & logistics and the water segment, business-review.eu reads. Romania is considered to be a rapidly growing market, from the point of view of the Dutch, said the ambassador in ...
FONDUL PROPRIETATEA URGES CHAMBER OF DEPUTIES TO ENSURE FAIR AND BALANCED TREATMENT OF ALL STAKEHOLDERS BY PROMOTING HEALTHLY COMPETITION AMONG PORT OPERATORS
Wednesday, November 8, 2017
IF APPROVED, THE DRAFT LAW ON PORTS ADMINISTRATION WOULD BE A GIFT MADE BY THE ROMANIAN PARLIAMENT TO THE PORT OLIGARCHS As a large minority shareholder in ports administrators, Fondul Proprietatea is highly concerned by the latest draft law on ports administration, currently under debate in the Transport and Infrastructure Committee of the Chamber of Deputies, a statement sent to ACTmedia reads. Its latest form ...
MedLife 9-mo net profit surges
Wednesday, November 8, 2017
Romanian privately-owned medical services provider MedLife [BSE: M] said on Monday its net profit surged to 9.55 million lei ($2.41 million/ 2.07 million euro) in the nine months through September from 43,138 lei in the year-ago period, seenews.com reads. The increase was mainly due to a rise in the operating profit, MedLife said in a statement filed with the Bucharest Stock Exchange, BVB. MedLife's operating profit leaped 154% ...