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Damen challenges auction on Multi-Functional Corvettes Programme
Wednesday, July 10, 2019
Dutch Damen has filed a complaint to the National Council for Solving Complaints, challenging the procurement on assigning the multi-functional corvettes programme to French Naval Group, and denouncing ...
Deloitte: The M&A Market regained its pace in the second Quarter of 2019
Wednesday, July 10, 2019
The mergers and acquisitions market in Romania revealed a significant growth in the second quarter of the year, compared to the first quarter and to the same period in 2018 as well. According to Deloitte estimates, the total market value, including transactions with undisclosed value, has been between EUR 1.4 and 1.6 billion, while the value of disclosed transactions reached around EUR 790 million. “In the mergers and acquisitions market, the second quarter of the year has ...
Minister Oprea: Start-up Nation program has positively changed the mentality about entrepreneurs
Wednesday, July 10, 2019
The Start-Up Nation program and the success story of certain companies have changed the society's mentality about entrepreneurs, who were so far perceived as offenders, Minister for the Business Environment, Commerce and Entrepreneurship Stefan Oprea said on Monday, as he attended the opening of the Commercial Diplomacy Days, an event organized by the Ministry for the Business Environment, Commerce and Entrepreneurship in partnership with the Bucharest University of Economic Studies (ASE) ...
Survey: Romanians switch to a lower-paying job for other advantages
Wednesday, July 10, 2019
One out of five Romanians took at least once throughout their career a lower-paying job and two out of five would take a lower-paying job in exchange for other advantages they see as more valuable, a survey conducted by online recruitment platform BestJobs revealed. A more flexible schedule and the option of being able to work from home are the main reasons to switch to a lower-paying job for 22% of the respondents in the survey. A total of 21.7% would take a lower-paying job if they ...
Unilever to take over majority stake in Romanian food brand FruFru
Wednesday, July 10, 2019
Unilever will take over the majority stake (75 percent) in Romanian premium fresh food company Good People, which sells products under the FruFru brand, according to ZF. FruFru was founded in 2006 by Mihai Simiuc, who will keep his minority stake of 25 percent, while the other investors (Sergiu Negut, Philip Hausmaninger, Johann Heubach, Maria Brujan, Marius Gavril) will exit the company. Unilever is the second largest player on the global ...
Viromet chemical plant resumes operations
Wednesday, July 10, 2019
Local investor Ioan Niculae resumed operations at one of the six chemical plants he owns. He said that the chemical plant Viromet will use imported natural gas, which is cheaper and more reliable compared to what he could have purchased from the domestic ...
Study: Recovery of receivables by Romanian companies takes 85 days on average
Wednesday, July 10, 2019
The average recovery time for accounts receivable for Romanian companies reached 85 days in 2018, according to the most recent data, down from 94 days in 2017, a Termene.ro analysis has found. The study was conducted upon the release of redBill, a tool that provides business transparency ...
BestJobs Survey: Less than half of candidates ask for more money during job interviews
Wednesday, July 3, 2019
Less than half of job candidates negotiate their salary at the interview, even though the amount offered by the company can usually be increased by up to 25 percent. Even fewer negotiate extra-wage benefits, according to the latest BestJobs survey. Almost a quarter of employers say that less than 10 percent of interviewees negotiate the salary they are offered, while nearly 40 percent say that between 10 percent and 50 percent of those interviewed do ...
Companies register 5% more job applications in June
Wednesday, July 3, 2019
In June, Romanians continued to look for jobs, the total volume of applications for another job growing by 5% compared to the month of May. Jobs most in demand were in finance-accounting, transport, engineering and Business Process Outsourcing, according to BestJobs. A similar percentage was recorded in comparison to the previous year too. “For three months on a row, jobs in finance-accounting and transport fields hold the ...
Digital transformation to affect 600,000 jobs in Romania over the next decade, PwC report says
Wednesday, July 3, 2019
Over the next ten years, the digital transformation generated by new technologies will affect 600,000 jobs in Romania, according to PwC’s Workforce Disruption Index. According to the report, 325,000 new jobs will be created over the next decade, while another 275,000 workers will need to improve their digital skills, as automation and the introduction of artificial intelligence will gradually eliminate repetitive activities. “The report ...
Over 62,000 companies closed down in Romania by end-May 2019 – a negative record
Wednesday, July 3, 2019
Over 62,500 companies and PFAs (sole traders) were closed down in Romania in the first five months of this year, 75 percent more than last year, according to an analysis conducted by Sierra Quadrant. In the same period, more than 68,200 companies and sole traders were registered, according to the National Trade Registry Office. The number of closed firm is a negative record for the Romanian economy, an alarm signal ...
Medicover Romania opens new clinic in The Bridge office building
Wednesday, July 3, 2019
Private healthcare network Medicover in Bucharest has opened a new clinic in the Grozavesti-Orhideea area, in office building The Bridge, with an investment of EUR 1 million. The new clinic will provide 24 medical specialties and more than 80 experienced physicians, in a building that has a Premium Green certification. “The inauguration of The Bridge clinic is part of the Medicover ...
Thyssenkrupp opens new production plant in Sibiu
Wednesday, July 3, 2019
German industrial group Thyssenkrupp has opened a new automotive components factory in Sibiu, Romania, in which it has invested EUR 60 million. The new plant will produce dampers for automotive companies including Daimler, Jaguar Land Rover and Porsche. Thyssenkrupp has been making dampers in Sibiu since 1996, under the Bilstein brand. The new production unit is an extension of the existing factory and has created over 350 jobs, ...
Goverment passes bill legalising alternative transport services like Uber, Bolt
Wednesday, July 3, 2019
Alternative transport services such as Clever, Uber or Bolt have become legal in Romania after the Dancila government adopted an emergency order regulating these types of services, after months of legislative uncertainty faced by drivers using the ridesharing apps and protests by taxi drivers who claimed that the apps were unfairly competing on the passenger transport market. “We will establish a formula that will ...
IKEA Pallady, officially opened
Wednesday, July 3, 2019
The second IKEA store in Romania has opened its gates, welcoming the first customers on the beats of “We will rock you” hit on Monday morning, June 24. This is the largest IKEA store in Southeastern Europe and the 431st one in the world. “We are happy to continue our journey here in Romania, and to celebrate today the opening of IKEA Pallady, the largest IKEA store in Southeastern Europe and the second one in Romania. We are ...
Insolvencies down by over 28pct, Jan.-May 2019, to 2,636
Wednesday, July 3, 2019
The number of companies and individuals facing insolvency declined by 28.49 percent in the first five months of 2019 compared to the same period of 2018, to 2,636 insolvencies, according to data posted on the website of the National Companies Register Office (ONRC).Most of them were in Bucharest, 468, down 36.5 percent from the same period of 2018. The ranking continues with the counties of Bihor, 211 insolvencies (-10.97 percent), Constanta, 147 (-24.23 percent) ...
Regina Maria, McCann PR & McCann Bucharest win Silver award at Cannes Lions 2019
Wednesday, July 3, 2019
The “Internet’s residency exam”, the Regina Maria Health Network’s campaign created along with McCann PR and McCann Worldgroup, has won a Silver award in the PR category at Cannes Lions 2019. The category recorded 1,857 entries from 67 countries, of which 242 arrived on the shortlist announced one evening before the award ceremony. “We boldly – some would even say insanely – approached an idea that could only ...
FIC elected a new Board of Directors
Wednesday, July 3, 2019
The Foreign Investors Council – FIC elected on 13 June its new executive team after having had elections for a new Board of Directors at the end of May. Ramona Jurubi??, Country Managing Partner KPMG Romania ...
The Renault Romania group will inaugurate the new headquarters in Bucharest on 28th June
Wednesday, June 26, 2019
The Renault Romania group will inaugurate on 2th June its new headquarters in Bucharest, in the presence of Viorica Dancila as well as Thierry Bollore, CEO of the Renault Group, stated on Wednesday for News.ro Christophe Dridi, general manager of Automobile Dacia and of Groupe Renault Romania, while mentioning that all 3,200 employees in the capital city will work in the same place. ‘We have a new headquarters, which is at the metro station ...
The Competitiveness Council won definitely in the court the trial with Parmalat Romania
Wednesday, June 26, 2019
The High Court of Cassation and Justice (ICCJ) confirmed definitely the breach of law of competence by Parmalat Romania, shows a press release of the Competitiveness Council.The Competitiveness Council showed that Parmalat took part in an anti-competition agreement with the purpose of fixing prices between retailers and their suppliers.At the same time, the High Court mentioned the fine applied to the company worth 269,852 lei (61,330 euro).In ...