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More than 21,000 jobs created last year under Start-Up Nation program

Wednesday, June 27, 2018

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The Start-Up Nation program created last year more than 21,000 jobs, with 16,000 unemployed, fresh graduates or disadvantaged persons thus finding employment, Minister for the Business Milieu, Commerce and Entrepreneurship Stefan-Radu Oprea told a specialist conference on Friday. "The major mission of the Ministry for SMEs and the Business Milieu is to develop public policies aimed also at the growth of the digital capacity of small and medium-sized ...

Deloitte survey: Millennials’ confidence in business takes a sharp turn, as they feel unprepared for Industry 4.0

Wednesday, June 27, 2018

Millennials have become more skeptical overall of motivation and ethics in business and also of political leaders’ positive impact on society, according to Deloitte’s Millennial Survey 2018, which records a sharp turn of the views expressed in the previous two issues. Millennials call for business leaders to positively impact the broader world and consider ...

Röchling expands auto production in Romania

Wednesday, June 27, 2018

Röchling Automotive has completed a second significant plant expansion project in Romania which will allow it to supply advanced components to leading global vehicle manufacturers, plasticsnews.com informs. With its sister injection molder Röchling Precision Components and Italian joint venture partner, Errecinque , the company officially launched a 7,500-square-meter production hall near Pite?ti, Romania. Opening for ...

Tarom sold  airplanes to Armenia Airways  Aircompany and got 5.48 million dollars

Wednesday, June 27, 2018

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The National Air Transport Company Tarom announces,in a press release on Monday the sale of two airplanes AIRBUS 310 to the airway company Armenia Airways Aircompany for which they got 5.48 million US dollars. Werner Wolff, the general manager of  Tarom stated that this trading represents ‘ a strategic decision through which we draw a significant profit for our company, coming from the effective sale of the aircraft and the elimination of ...

INACI: În Romania, only 7pct of the GDP is dedicated to public procurement

Wednesday, June 27, 2018

Europe must manage the new global competition more intelligently in Revolution 4.0, while Romania allocates only 7pct of GDP for public procurement, half of the European Union average, Andreea Paul, President of the Competitiveness Initiative - INACO, told a Friday's specialist conference."There is a digital competitiveness report released last week, which shows us that the US is leading the world rankings of this segment, followed by Singapore and European ...

New coffee shop franchise enters Romanian market

Wednesday, June 27, 2018

Esquires Coffee, an international coffee shop franchise from New Zealand, opened its first unit in Bucharest, in Veranda Mall, romania-insider.com informs. This is the first of a planned network of 25 units the company plans to open in Romania in the next five years. Cooks Global Foods, a company from New Zealand, owns the Esquires Coffee brand, which operates on 12 international markets. In Romania, the franchise will be ...

Gedeon Richter’s activity in Romania was suspended

Wednesday, June 27, 2018

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Hungarian pharma group Gedeon Richter’s activity in Romania was suspended for having breached distribution ...

Lockheed Martin To Supply Tactical Missile Systems To Romania For $364 Million

Wednesday, June 27, 2018

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Lockheed Martin was awarded a $364.6 million sales contract for Army Tactical Missile System (ATACMS) and Launching Assembly Service Life Extension program to US Army and Romania, defenseworld.net reports. One bid was solicited with one bid received. Work is expected to be completed by March 26, 2020, the US department of defense said in a statement. ATACMS is a long-range guided missile packaged in a MLRS look-alike launch pod ...

JSW Steel interested in buying ArcelorMittal’s biggest plant in Romania

Wednesday, June 27, 2018

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JSW Steel, the biggest steel producer in India, will submit an offer for taking over ArcelorMittal’s steel plant at Galati in Romania, according to sources quoted ...

Zitec relocates to new unconventional HQ inspired by science fiction

Wednesday, June 27, 2018

Zitec, IT leader in Romania, specialized in developing customized software solutions and services, has marked its 15th anniversary by relocating to a new office hosted within Timpuri Noi Square office ensemble. The new premise, stretching on an area of 1,700 square meters and concluded after an investment of roughly EUR 425,000, is inspired by some design themes which are quite familiar among IT developers: science fiction, outer space and rock ...

Dynamic Selling concludes purchase of Oltchim’s PVC division Ramplast for EUR 2.6 million

Wednesday, June 20, 2018

Dynamic Selling Group has finalized the takeover of Ramplast, Oltchim’s PVC production arm, in a deal valued at EUR 3 million euros, including VAT, http://business-review.eu informs. Dynamic Selling Group participated in the tender initiated on August 23, 2016 by Rominsolv and BDO Business Restructuring, legal administrators of Oltchim, and was declared the winner of the sixth ...

Alro shareholders looking for investors for the aluminum plant in Slatina

Wednesday, June 20, 2018

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The only aluminum producer in Romania has announced on Monday that its shareholders, Vimetco Group (registered in the Netherlands and controlled by Russian magnate Vitaly Machitski) and Conef SA, intend to launch a public offering of shares in the Compan, romaniajournal.ro informs.. The Slatina-based producer’s intention to launch a secondary public offer of its shares has been reported to the Financial Regulating ...

Romanian companies falling behind the rest of Europe in digital transformation

Wednesday, June 20, 2018

* Romania has the lowest rate of digital integration in Europe – a scenario that is holding Romanian businesses back from increasing profits, according to the 2018 Barometer of Digitalisation of Companies in Romania, consultancy.eu informs.  Digital advancement is driving economies all across the European Union, with the continent's economic stalwarts positioned at the top of both the Digital Economies and Society Index (DESI) and ...

AkzoNobel to buy Romania's Fabryo Corp

Wednesday, June 20, 2018

Dutch global paints and coatings maker AkzoNobel said on Monday it has signed an agreement to acquire Romanian decorative paints maker Fabryo Corporation for an undisclosed sum. The transaction includes two production facilities and six distribution centres for decorative paints, adhesives and mortars, including one of the largest decorative paints factories in the region, with capacity for further expansion, AkzoNobel said in a press ...

AdePlast opens new industrial platform

Wednesday, June 20, 2018

AdePlast, one of the biggest building materials producers in Romania, will open a new industrial platform close to Craiova, in Southern Romania, on a 20-hectare land plot. The company has invested EUR 22 million in this project, which includes the production facilities, equipment, the auto fleet and logistics. The company will start the polystyrene factory on this platform in July and the dry plasters factory in August. The two ...

Hungarian company Terran opens first factory in Romania following EUR 5 M investment

Wednesday, June 20, 2018

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Hungarian-owned building materials group Terran, one of the main leaders on the roof tiles market in Eastern Europe, has inaugurated a concrete tiles factory in Campia Turzii, Cluj county on Wednesday, the first one in Romania, following an investment mounting to around  EUR 5 million. The plant in Campia Turzii is the fourth unit that Terran owns, next to the ones in Hungary and Slovakia. The first Terran factory in ...

Catalin Radu was appointed head of Bayer Pharmaceuticals Romania and Moldova

Wednesday, June 20, 2018

Romanian Catalin Radu was appointed to coordinate starting this month the operations of Bayer Pharmaceuticals in Romania and the Republic of Moldova, replacing Dr. Gerhard Waltl. With 15 years of experience in the pharma sector and many national and international roles, Radu proposes for his mandate a strategic approach with ambitious prospects for the future, the company said. Catalin Radu joined ...

ONRC: Almost 29,000 companies deregistered into April 2018

Wednesday, June 20, 2018

The number of the deregistered companies in the January-April 2018 period has grown by 4.91 pct versus the same period of 2017, parking at 28,787, according to the data released by the National Trade Register Office (ONRC).Most of the deregistrations were recorded in Bucharest: 4,309 companies (by 2.75 pct less than in January-April 2017) and in the counties of Cluj: 1,223 (minus 9.94 pct), Iasi: 1,171 (minus 1.18 pct) and Timis: 1,159 (plus 24.62 ...

Oltchim wraps up 2.6 mln euro sale of Ramplast

Wednesday, June 20, 2018

Romanian chemicals group Oltchim [BSE:OLT] said on Thursday it has finalised the sale of its construction materials division Ramplast to Dynamic Selling Group for 12.1 million lei ($3.0 million/2.6 million euro). Oltchim received the full transaction price on June 13, the company said in a bourse filing. In October 2017, Oltchim said it would sell six bundles of assets worth 590.6 million lei to Romanian chemicals producer ...

Cosmetic Plant estimates business figure of 12.2 million lei until the end of the year

Wednesday, June 20, 2018

Cosmetic Plant, one of the main local cosmetic producer, ended 2017 with a business figure of about 11.1 million lei (2.4 million euro), over 1.2 million products sold, and intends to exceed 12.2 million lei (2.6 million euro) by the end of the year, an increase of 10% against the previous year. According to estimates of company representatives, the increase of Cosmetic Plant business will be about 10% in 2018, maintaining the growing trend of the last ...

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