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Google, first desirable employers In Romania
Wednesday, March 11, 2020
The IT sector is the most sought-after in Romania, while tech giants like Google or Amazon are the most desirable employers by the Romanian employees. Around 200,000 Romanians already have a coding career. Google ranked first, followed by Porsche and Amazon in the preferences of the Romanian job seekers, according to a recent study conducted by Universum Globum, an Employer Branding company in partnership with eJobs recruitment platform. Google is most ...
Proper workforce skills for Industry 4.0 remains a challenge, while climate change climbs in the top of the executives’ concerns
Wednesday, March 11, 2020
Workforce skills for Industry 4.0 remain a challenge for organizations globally, as executives still don’t fully understand the competences necessary to succeed in the current ever-changing 4.0 world, according to Deloitte’s latest Industry 4.0 Readiness Report Workforce skills for Industry 4.0 remain a challenge for organizations globally, as executives still don’t fully understand the competences ...
Draxlmaier to expand its IT division in Timisoara
Wednesday, March 11, 2020
The IT center operated by German automotive group Draxlmaier in Timisoara (western Romania) rented a new space in the office building ISHO ...
Aegean buys 25% stake in Romanian niche carrier Animawings
Wednesday, March 11, 2020
Greek airline Aegean has bought a 25% stake in the Romanian niche airline Animawings, which was launched earlier this year by the owner of tour operator Christian Tour founded by Cristian Pandel and is specialized in charter flights toward popular tourist ...
Vivre Deco raises EUR 3.5 mln in bonds
Wednesday, March 11, 2020
Romania-based Vivre Deco, one of the largest online retailers of furniture and decorations in Central and Eastern Europe, successfully completed a private bond placement and raised EUR 3.5 million. The bonds are maturing in 2025 and carry a 5.25% annual coupon, according to a statement of the Banca Transilvania Financial Group, which has managed the placement. Subsequently, the bonds will be listed on the AeRO platform of the ...
Flanco, net profit increase of 87 pct in 2019 over 2018
Wednesday, March 11, 2020
The net profit recorded by the company Flanco Retail in the year 2019 clocked in at 40 million lei, an increase of 87 pct over the figure of 21.4 million lei recorded as profit in the previous year, according to the information presented on Tuesday by the director general of the company, Dragos Sirbu.The investment in development conducted in 2019 reached the sum of 14.3 million lei, meaning 67 pct of the profit recorded in 2018.Flanco recorded sales ...
Alro Slatina risks closure unless helped, trade union warns
Wednesday, March 11, 2020
Romania’s only aluminum producer Alro Slatina, controlled by Russian group Vimetco, accumulated losses of USD 40 million in the first months of the year and risks being closed because of the high energy cost, according to the trade unions quoted ...
STADA and Walmark to join forces in Romania
Wednesday, March 11, 2020
STADA Romania, the Romanian subsidiary of STADA Arzneimittel AG, announces the beginning of the integration process of Walmark Romania, aiming to become one of the fastest-growing pharmaceutical companies on the Romanian market, with a portfolio of RX and OTC products. STADA Romania – Key figures Stada Romania estimates an increase of more than 20% in turnover for 2019. The ...
Alro records losses due to energy prices and LME quotations
Wednesday, March 4, 2020
Alro Group ended the year 2019 with a turnover of RON 2,777,801 thousand (down by 7% compared to 2018), an EBIT of RON 99,223 thousand (by RON 262,617 thousand lower than in 2018) and a net loss of RON 68,339 thousand compared to the previous year’s consolidated profit of RON 235,327 thousand. At a global scale, the aluminium market was affected in 2019 by a 15% London exchange (LME) decrease year on year, by international politics, such as the US tariffs on imports, ...
Agricover Credit IFN had net profit 21% higher in 2019
Wednesday, March 4, 2020
Agricover Credit IFN recorded a net profit of 40.168 million lei in 2019, representing an increase by 21% compared to 2018, the company informed on Tuesday. The value of credits granted in 2019 was 1.88 billion lei (+16%), while the number of active customers was 3,434, on the rise by 23% against 2018. “We have backed Romanian agriculture for 12 years and we have become the farmers' first option when they consider ...
ONRC: Number of newly registered foreign capital companies drops by 10.8 pct, in January 2020
Wednesday, March 4, 2020
The number of newly registered companies with foreign capital dropped, in January 2020, by 10.8 pct, compared to January 2019, to 387 units, according to data centralized by the National Office of the Trade Register (ONRC).The 387 new companies had a social capital totalling 790.4 million dollars, a drop of 15.1 pct over January 2019.On January 31, 2020, the highest number of foreign capital companies featured investors from Italy, namely 48,892, but ...
JTI Romania, Top Employer for the seventh year in a row
Wednesday, March 4, 2020
JTI Romania is Top Employer for the seventh year in a row, the company said in a press released sent to ACTMedia. This certification highlights JTI’s excellent employment conditions and best-in-class HR practices, assessed by the Top Employers Institute. Evgeny Nikolsky, General Manager JTI Romania, Moldova and Bulgaria stated: “I would like to dedicate this prestigious award to each and every one of our 1,200 employees. Above all, our ...
Gral Medical's 2019 turnover reaches 35 mln euros
Wednesday, March 4, 2020
Gral Medical's turnover reached 35 million euros last year, up 13pct from 2018, show the company's results published on Monday. According to the quoted source, in 2019, the medical services company invested 6 million euros in two oncological hospitals in Pitesti and Bucharest.Starting with the fourth quarter of 2019, the Gral Medical laboratory network has grown with a laboratory in Bucharest, reaching 15 such units. For 2020, the company has set a target of 40 ...
UPC Romania to become Vodafone Romania effective March 31
Wednesday, March 4, 2020
Vodafone Romania will become UPC Romania's provider of fixed telecommunication services starting March 31, 2020 following the merger of the two companies, the telecom operator announced on Monday."Vodafone Romania and UPC Romania have started the merger project, with March 31, 2020 being the effective date of the merger. This represents a stage of the integration process begun in 2019, immediately after the approval by the European Commission of UPC's takeover. As ...
ONRC: Number of individuls and legal entities registered in January 2020 down 37.29pct
Wednesday, March 4, 2020
The number of registrations of natural and legal persons decreased in January 2020 by 37.39 per cent, compared to the similar period of 2019, to 9,792, of which 6,897 (70.4 per cent) registered as SRLs, according to the data centralized by the National Trade Register Office (ONRC).Most registrations were registered in Bucharest, 1,596, respectively (plus 14.24 per cent, compared to January 2019), and in the counties of Cluj - 489 (minus 7.03 per cent), Iasi - 479 ...
Winemaker Purcari, 19% higher net profit in 2019
Wednesday, March 4, 2020
Bucharest-listed Purcari Wineries, one of the largest wine producers in Central and Eastern Europe (CEE), announced its revenues increased by 18% year-on-year to RON 199 million (EUR 42 mln) in 2019, while its EBITDA and normalised IFRS net income surged by 25% and 19% respectively, to RON 68.2 mln (EUR 14.3 mln) and RON 44.5 mln (EUR 9.4 mln) respectively. “We continued to deliver on our ambitious growth plans and we look forward to sustaining ...
ONRC: Company dissolutions down over 29 pct this January
Wednesday, March 4, 2020
The number of dissolved companies decreased in January 2020 by 29.06 pct compared to the same period of last year, reaching 4,878, according to the statistics of the National Trade Register Office (ONRC).Most dissolutions were registered in Bucharest - 714 companies (39.59 pct less than in January 2019) and in the counties of Cluj - 211 (minus 51.83 pct), Constanta - 210 (minus 3.23 pct) and Iasi - 198 (minus 3.41 pct).At the opposite end, the fewest ...
UiPath could launch IPO early next year
Wednesday, March 4, 2020
UiPath, the first tech unicorn launched in Romania, could launch an initial public offering (IPO) early next year, depending on market conditions, the company’s co-founder and CEO Daniel Dines ...
Eurostat: One in two EU enterprises use social media
Wednesday, February 26, 2020
More and more enterprises in the European Union (EU) are using social media. In 2019, one in two enterprises (50%) reported that they were using at least one type of social media, which means an increase of 16 percentage points since 2014 (34%), Eurostat data show. Use of social media highest in Malta, lowest in Romania The use of social media was most popular among enterprises in Malta (84%), followed ...
Anti-trust body approves takeover of Sabon's local ops by Yves Rocher
Wednesday, February 26, 2020
Romania's competition authority said on Monday that it has approved the agreed takeover of the local operations of Israeli cosmetics products manufacturer Sabon by French personal care products company Yves Rocher. "Following a review of the transaction, the Competition Council has found that it does not raise significant obstacles to effective competition in the market, in particular by establishing or strengthening of a dominant position," the ...