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Romanian companies are the most optimistic in the EU in terms of employment perspectives
Wednesday, September 12, 2018
The Romanian companies are the most optimistic in the European Union in terms of employment perspectives, according to a ManpowerGroup study released on Tuesday, http://business-review.eu informs. The employers in the Sud-Muntenia region are the most optimistic in Romania, with the number of companies that want to increase their staff exceeding by 28 percent the number of firms that prepare ...
L'Oréal Romania welcomes Vanya Panayotova as its new Country General Manager
Wednesday, September 12, 2018
The L'Oréal Group has appointed Vanya Panayotova as Country General Manager for L’Oreal Romania, effective starting January 2019, the company informs in a statement sent to ACTMedia. Vanya was nominated following Mr. Gilles Antoine’s appointment into a new position in the Group. Between now and January 2019, Javier Labarta, with an extended experience as General Manager within L'Oréal, will ensure the transition period, as Interim Country General ...
ONRC: 10,948 companies suspend activity between January-July 2018
Wednesday, September 5, 2018
The total number of companies that suspended their business increased by 25.98 percent in the first seven months of this year compared to the similar period in 2017, from 8,690 companies to 10,948 companies, according to the statistics of the the National Trade Register Office (ONRC).The largest number of companies that suspended their business was recorded in Bucharest - 1,301 and in the following counties: Bihor - 586, Cluj - 509 and Prahova - ...
AVON marks 21 years in Romania
Wednesday, September 5, 2018
AVON is marking 21 years on the Romanian beauty products market, a market that it is leading, boasting a turnover of over EUR 140 million in 2017 and a portfolio of over 1,000 cosmetics and fashion &home products, romaniajournal.ro informs. AVON story in Romania started in 1997. It now has an operational center here serving five markets in Europe, set up in Chiajna in 2006 following an investment of over USD 12 million. At ...
Regina Maria takes over 4 Hiperdia centers in a transaction imposed by Competition Council
Wednesday, September 5, 2018
Affidea, formerly Euromedic, has transferred four of the 23 Hiperdia diagnostic centers in Romania, taken over last year in a conditional transaction Competition Council (CC) imposed, to the Regina Maria health network, http://business-review.eu reports. Affidea is controlled by Swiss billionaire Ernesto Bertarelli, and the sold clinics are from Arad, Orastie and Cluj-Napoca ...
Swiss Ameropa to buy a base of Comcereal Fundulea
Wednesday, September 5, 2018
Swiss Ameropa Group, the owner of Azomure, prepares to acquire the Sarule?sti base from Comcereal Fundulea, company controlled by Constantin Dumitru, in a deal estimated of around EUR 3-4 million, http://business-review.eu reports. The base includes a total land area of almost 86,000 sqm, warehouses, silos, dwellings and offices. Ameropa, one of the largest grain traders and chemical ...
Fondul Proprietatea, still not willing to invest in the Romanian Post
Wednesday, September 5, 2018
Johan Meyer, Fondul Proprietatea (FP) Portfolio Manager and CEO of Franklin Templeton Investments Ltd, has stated on Tuesday during the press conference following FP’s General Shareholders Meeting that FP is still not willing to invest the Romanian Post company, while contesting the capital increase, arguing „they have not been presented with a credible plan to develop the business”, romaniajournal.ro reports. In March this year, the ...
ONRC: 48,532 companies radiated between Jan. -July of 2018, up 2.04pct
Wednesday, September 5, 2018
The number of radiated companies increased by 2.04 percent in the first seven months of 2018 compared to the same period of 2017, reaching to 48,532, according to the statistics of the the National Trade Register Office (ONRC).Most of the radiations were registered in Bucharest - 7,500 companies (9.29 percent less than the first seven months of 2017), and in Cluj - 2,063 (minus 8.07 percent), Timis - 1,981 (plus 11.04 percent) and Iasi - 1,951 (minus 5.29 ...
Competition Council starts probing into the market of non-prescription medicines and food supplements
Wednesday, September 5, 2018
The Competition Council has launched an investigation into the production and sale of non-prescription medicines and of food supplements, romaniajournal.ro informs. The inspectors will probe into the structural conditions of the markets, the existing contracts in this sector, while also conducting a detailed analysis of the enforceable legislative framework. If malfunctions which affect the competition environment are identified, the Council will ...
Business Environment Ministry launching online Business Romania platform to promote Romanian companies
Wednesday, September 5, 2018
The Business Environment Ministry launched on Thursday the online Business Romania platform, where business people and companies can join and interact to exchange information and create partnerships, Paula Pirvanescu, senior official with the Ministry of Business Environment, Commerce and Entrepreneurship (MMACA), said Thursday.She attended the opening of the International Business Forum, which takes place at Parliament Palace in Bucharest, August ...
Immofinanz reports EUR 23.6 mln rental income in Romania
Wednesday, September 5, 2018
Austrian real estate investor Immofinanz’s rental income in Romania totalled EUR 23.6 million, which represents 19.8 percent of total rental income at group level, in the first half of the 2018 financial year, http://business-review.eu informs. The company’s properties in Romania have a value of EUR 807.7 million and represent 19 percent of the company’s total ...
ONRC: Insolvencies drop by 2.39pct, suspensions up 25.98pct, dissolutions up 35.33pct, Jan.-July, 2018
Wednesday, August 29, 2018
Commercial and individual insolvencies in Romania dropped by 2.39 percent in the first seven months of 2018 from the same period of 2017, to 5,237, according to data posted on the website of the National Trade Registry Office (ONRC).Most of the insolvencies, or 1,034, were reported in Bucharest city, down 13.33 percent over the same period of 2017. The count continues with the counties of Bihor - 349 insolvencies (+ 17.91 percent); Iasi - 286 (-14.63 percent); ...
Six economic sectors in Romania shrank by over 50 pct in the last decade
Wednesday, August 29, 2018
An analysis by Iancu Guda, the president of the Association of Financial-Banking Analysts in Romania (AAFBR), shows that holding activities is the economic sector in Romania that had the largest drop in revenues in the past decade, of over 70 percent, reaching just RON 149 million, http://business-review.eu informs. The sectors with the second largest drop in revenues are construction demolitions and the growing ...
Bucharest airports posts 19 pct increase of operational profits in H1
Wednesday, August 29, 2018
The National Company Bucharest Airports (CNAB), the administrator of airports Baneasa and Henri Coanda, said it recorded a turnover of RON 425 million (EUR 91.6 million) in the first semester, up 10 percent compared to the same period of last year, http://business-review.eu informs. In the same period, the operation profit grew by 19.1 percent to RON 269.3 million (EUR 57.9 million). The company said the result ...
Deloitte CIO Survey: The interest in emerging technologies is growing in Romania
Wednesday, August 29, 2018
According to Deloitte’s CIO Survey, the demand for cyber security specialists and data analysts is growing. In Romania, both local companies and service centers of major global corporations are competing for these two types of resources. Over one third of the respondents build their budgets in Euro, and almost half of them are based in Europe, the survey said. Moreover, approximately 10 percent of the organizations surveyed differentiate ...
INSOLVENCIES ARE THE MINIMUM LEVEL OF THE LAST TEN YEARS, BUT THE LEVEL OF LOSSES GENERATED TO CREDITORS IS CLOSE TO THE MAXIMUM IN THE LAST DECADE
Wednesday, August 29, 2018
The number of large companies with the turnover over EUR 1 M becoming insolvent registered a growth of almost 5%, reaching 189 insolvent companies in the first semester of the current year. Increasing insolvency among large companies is a systemic problem as they spread greater financial and social shock in the already highly polarized business environment. Although the number of insolvencies registered in the first semester of the current year is at the lower level of the ...
Gral Medical H1 revenues up 24 pct to 71 ml lei
Wednesday, August 29, 2018
H1 revenues of privately-owned medical services group Gral Medical amounted to 71.1 million lei, up 24 percent compared to the same period of the previous year, and past budget projections based on an organic growth of 20 percent.All service categories saw double-digit growth, while growth for Gral Laboratories and the OncoFort Hospital was above initial estimates at 27 percent and 30 percent, respectively, compared to the year before. The Gral Laboratories ...
Investments doubled Carmistin Group’s profits in the first six months of 2018
Wednesday, August 29, 2018
After hefty investments in new production capacities and technology, Carmistin’s Group EBITDA rose significantly in H1 2018, says a press release from the company quoted by http://business-review.eu. Carmistin Group, one of the biggest players in the Romanian agribusiness sector, owned by the Paraschiv family, consists of more than 10 companies including Avicarvil, Avicarvil Foods, Avirom, Porcellino and Pajo Holding. The group registered an operational profit of over ...
Valcov: Draft ordinance on tightening insolvency legislation, under discussion at Government
Wednesday, August 22, 2018
Darius Valcov, Prime Minister's economic advisor, has announced that a draft ordinance on tightening of the legislation for insolvency filing is under discussion in the Government.He told Antena 3 TV station that the tax amnesty is "being done," "it is not discussed," and if a decision is made in this respect, it was however included in the governance program. "In terms of insolvency - it is a compulsory and there is a draft discussed in the Government, so that in ...
Romaero says it could become profitable next year
Wednesday, August 22, 2018
State-owned company Romaero Bucuresti, which specializes in production, services and R&D services in the field of aeronautics for the civil and military sector, both for pasengers and freight, reported losses of RON 14.13 million in the first semester, http://business-review.eu reads. This is half the amount approved as ...