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First European Ford innovation projects incubator to open in Craiova
Wednesday, June 20, 2018
Ford Romania will open this September in Craiova, in partnership with the local authorities, the first Ford Resource and Engagement Centre in Europe, for students and recent graduates to use.Dubbed Ford Resource and Engagement Center, the hub is part of the projects of Ford Motor Company Fund, Ford Motor Company's philanthropic arm, and will focus on social entrepreneurship."The FREC Craiova is a collaboration with the Asociatia Pentru Educatie SV ...
Romania's MedLife acquires information platform SfatulMedicului.ro
Wednesday, June 20, 2018
Romanian medical services provider MedLife [BSE:M] said on Wednesday it has acquired 100% of medical information platform Sfatulmedicului.ro for an undisclosed price, seenews.com informs. "Aside from this acquisition, we will make other investments in digitalisation, which will configure new behaviour among Romanian patients," Mihai Marcu, MedLife's CEO and president, said in a statement. The platform has a monthly average of ...
Canadians from CGI open first consulting and development centre in software field in Romania
Wednesday, June 13, 2018
CGI, a Canadian company and the fifth independent world actor in the field of IT services, announces the opening of its first consulting and development centre in the field of software in Bucharest, Romania, where 300 specialists will be hired in the next three years. The centre, which will serve exclusively French customers of CGI, will be included in the existing network of production centres from France, Spain and Morocco. By setting up this centre, ...
In IT&C industry only 33.4% employees think they are correctly paid
Wednesday, June 13, 2018
IT&C industry is facing big challenges of labour force availability and retention, when 55% of employees consider they could receive more money for the same position with competitor companies and only 33.4% think they are paid correctly by the company and more than they would be paid in other companies, the study “Barometer of IT&C human resource market - How do IT&C companies succeed to motivate employees?”. “Over 100,000 ...
Dunwell and VGP finalised one of the biggest tradings of land in Romania
Wednesday, June 13, 2018
The Dunwell agency specialised in the industrial sector of the real estate market and the developer of industrial parks VGP signed a trading of230,000 sqmetre land in Brasov,informs a press release. The trading is one of the biggest land acquisition for industrial developments outside Bucharest over the last five years. Dunwell has been present on the market for less than one year and finalised several tradings with ...
Manpower Group: 27 percent of employers will increase their workforce in Romania
Wednesday, June 13, 2018
Twenty seven percent of Romanian employers expect an increase in the number of employees between July and September 2018, and only 8 percent expect reductions, resulting in a seasonally adjusted Net Employment Outlook, up 13 percent, according to Manpower Group, http://business-review.eu. The situation is improved by 2 percentage points compared to the second quarter and remains relatively stable compared to July-September ...
Romanian Post has new general manager
Wednesday, June 13, 2018
Mircea Tudosie, the head of the Bucharest Postal Office, is the new interim general manager of the Romanian Post after the previous GM, Costin Tudor, resigned just two months into his mandate. Tudosie is the Posts fourth interim GM this year, after Elena Petrascu, Ovidiu Ioan Secara and Costin Tudor. The company, which is 75% controlled by the Communications Ministry, owns the widest distribution network in Romania, covering 7.5 ...
BAT announces EUR 800 mln investments in Romania until 2022
Wednesday, June 13, 2018
British American Tobacco (BAT), the biggest tobacco group in Romania, will invest EUR 800 million at its factory in Ploiesti in the next five years, the company announced on Monday, romania-insider.com informs. The investment will generate 200 new jobs in the first phase and will allow the ...
Romanian companies can obtain at least USD 50,000 to do business in the US through the Smart Start USA programme
Wednesday, June 13, 2018
Smart Start USA, a programme that will officially start in September 2018, aims to ease access for 10,000 small and medium Romanian companies and entrepreneurs annually on the North American market, business-review.eu informs. They will be able to promote their products and services, to become foreign investors on the US market, and therefore contribute to the ...
Policolor invests EUR 5.4 mln in new factory in Bucharest
Wednesday, June 13, 2018
Policolor, one of the biggest paint producers in Romania, will build a new factory on a 2.5-hectare land plot in Western Bucharest, romania-insider.com informs. The new unit will produce paint, plasters, varnishes and auxiliary products. The company’s investment in the new factory amounts to EUR 5.4 million. The new factory will also include new research labs and will allow ...
Swiss investor opens private medical clinic in Constanta
Wednesday, June 13, 2018
Swiss investor Phillippe Jacobs, co-president of Jacobs Holdings, in partnership with investment management company Ascenta Management, entered the local medical services market by launching a radiotherapy center in Constanta under the MedEuropa brand, romania-insider.com reports. The clinic required an investment of some EUR 5 million. “We chose Constanta to open the first ...
AHK Romania : Work force is Romania's biggest issue
Wednesday, June 13, 2018
The biggest issue Romania is facing at this moment is the work force, along with the lack of predictability and bureaucracy, Dragos Anastasiu, Chair of the Romanian-German Chamber of Commerce (AHK Romania) declared on Wednesday."The Romanian-German Chamber of Commerce is coordinating the Coalition for Romania's Development and in this position we periodically meet with authorities, the government factor, and we tell them the following: the biggest issue Romania is ...
Oltchim puts three petrochemical plants on sale
Wednesday, June 13, 2018
Oltchim Ramnicu-Valcea, the biggest chemical producer in Romania, which has been in insolvency since early 2013, has put three of its production units on sale. The assets include a PVC plant in Ramnicu Valcea, a petrochemical plant near Pitesti and a phthalic anhydride plant in Ramnicu Valcea. Oltchim’s judicial administrator hasn’t announced a price for this sale. Last year, Oltchim’s most important assets ...
Two German families control 2.5% of the business in Romania
Wednesday, June 13, 2018
Two of the richest families in Germany, Schwarz and Schaeffler, are the biggest private employers in Romania, with over 43,000 jobs created, romania-insider.com reads. Their companies reached a combined turnover of EUR 7 billion in Romania last year, representing about 2.5% of the total turnover of the companies in the country, ...
Carmistin Group business grew by 9% last year
Wednesday, June 6, 2018
Carmistin Group, one of the biggest player in the food market in Romania intends to double pork meat output from 200,000 pigs/year to 400,000 pig/year at the end of 2019, by completing investments of two new production units. At group level, the business figure grew by 8.6% last year, to 676.4 million lei (over 148 million euros), from 623.1 million lei in 2016. Carmistin Group recorded a profit of 59.8 million lei (13 million euro) in 2017, according ...
Vodafone Romania concludes accord with Telekom Romania for fixed Internet and TV services
Wednesday, June 6, 2018
Vodafone Romania announced on Tuesday that it concluded an accord with Telekom Romania for wholesale services through which Vodafone will be able to launch fixed Internet and TV services, by using the optic fibre network of Telekom Romania in urban areas. The accord will allow Telekom to better exploit its fixed infrastructure. The two companies announced they will continue to compete in the market independently, each of them ...
Dedeman posts record EUR 1.4 bln turnover in 2017
Wednesday, June 6, 2018
The largest DIY retailer in Romania and one of the biggest businesses with Romanian owners, Dedeman, posted an impressive 20.5 percent increase in turnover last year, to RON 6.33 billion (EUR 1.39 billion), and a net profit of RON 889.1 million (EUR 194.6 million), according to the Finance Ministry data. Dedeman, specialized in trading building materials and offering interior design solutions, is owned by the brothers Dragos and Adrian Paval, and is ...
Lower profits for TOP 4 largest Telecom operators in Romania in 2017
Wednesday, June 6, 2018
The net turnovers of the largest telecom operators in Romania (Vodafone Romania, Orange Romania, RCS&RDS, Telekom Romania*) all increased in 2017 – Vodafone Romania had the highest turnover hike, 30 percent over their 2016 result, business-review.eu reports. However, all the telecom operators posted lower net profits in 2017 than in 2016, with Vodafone Romania again registering the largest difference from 2016, with a 62 ...
Ikea’s searching for 350 employees for the new store in East Bucharest
Wednesday, June 6, 2018
Furniture retailer Ikea is searching for 350 employees for the new store in Bucharest, located in the Eastern part of the city on Theodor Pallady Boulevard, business-review.eu informs. The 37,000 sqm store will be opened at the end of this summer following a total investment of euro 80 million. Ikea has available positions in home furnishings sales, interior design/visual merchandising, ...
Paval brothers and Dan Sucu among founders of ROCA platform aiming to help Romanian distressed firms
Wednesday, June 6, 2018
The founders of DIY chain Dedeman, Paval brothers, and the owner of Mobexpert, Dan Sucu, are among the founders of a new investment and management platform that aims to support financially distressed Romanian companies, business-review.eu reads. Aside from the Romanian entrepreneurs, the platform called ROCA has as associates CITR Group, through its investment division CIT Resources and Astra Rail Management ...