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Orange Romania wins new customers on TV and fixed internet in Q3
Wednesday, November 1, 2017
For the July – September period, Orange Romania recorded a turnover of EUR 277.2 million, up 10.4 percent over the same period last year, according to the financial Q3 report of French telecom group, a press release informs, romaniajournal.ro reads The growth was mainly driven by the positive developments in mobile data usage and the consolidation of customer number. On 30 September 2017, Orange Romania offered mobile and fixed services to ...
The road ahead: Romanian companies need to make swift and sustained steps to catch up with worldwide leaders on corporate responsibility reporting
Wednesday, November 1, 2017
Almost three quarters (72 percent) of large and mid-cap companies worldwide do not acknowledge the financial risks of climate change in their annual financial reports, according to the KPMG Survey of Corporate Responsibility Reporting 2017 published last week. Of the minority that do acknowledge climate-related risk, less than one in 20 (4 percent) provides investors with analysis of the potential business value at ...
Litens Automotive opens factory in Western Romania
Wednesday, November 1, 2017
Canadian group Litens Automotive Group, which provides technical solutions for the car industry, opened yesterday its second factory in Europe, in the village of Giarmata, Timis county, romania-insider.com reads. The factory, which covers 7,500 sqm, will initially have 30 employees. Their number will grow to about 250 by 2019. The Timis factory will take over new original equipment ...
Bucharest hosts almost a quarter of all companies in Romania
Wednesday, November 1, 2017
Over 125,000 local firms have their headquarters in Bucharest. This represents 23.4% of all companies active in Romania, according to data collected by the Bucharest Chamber of Trade and Industry (CCIB), reports ...
FIC: Romania’s economy is growing, investors’ confidence is deteriorating
Wednesday, November 1, 2017
The results of the September 2017 survey of the Foreign Investors Council (FIC) tell that more than 60 percent of respondents expect their revenues and business to grow in the next year, considering the economic growth of this year and the forecasts for next year, business-review.eu informs. At the same time, FIC’ members believe that the business environment in Romania is deteriorating considerably, especially on the predictability of the legislative ...
Himoinsa opens logistics centre in Romania
Wednesday, November 1, 2017
Multinational power generators and lighting towers manufacturer Himoinsa on Tuesday opened a logistics centre in Romania following a 500,000 euro ($587,878) investment, seenews.com informs. The 1,500 sq m logistics centre is located near capital Bucharest, in Chiajna, and will serve the domestic market, as well as the markets of Albania, Bulgaria, Croatia, Greece, Moldova, Serbia and Slovakia, the company said in a press ...
U.S. AMBASSADOR HANS KLEMM’S REMARKS AT THE TRADE WINDS FORUM OPENING CEREMONY
Wednesday, October 25, 2017
There is the US Ambassador Hans Klemm speech at the Trade Winds opening ceremony, Bucharest, October 19, 2017. Trade Winds is the largest annual US government organized trade mission designed to match US and foreign businesses to create business partnerships. Mr. Prime Minister, Counselor, distinguished guests, colleagues, friends, ladies and gentlemen, I will try to be brief ...
Investment boost în Romania: circular economy project under Junker Plan, three agreements under SME Initiative
Wednesday, October 25, 2017
Last Thursday, the European Investment Fund (EIF) signed three new SME Initiative guarantee transactions with BRD-Groupe Société Générale, with ING Bank (Bucharest Branch) and Libra Internet Bank acting as partners. The agreements with the three banks aim to facilitate access to finance for Romanian SMEs by providing a 60% guarantee on each loan and by lowering the interest rates charged by banks. These transactions are expected to benefit ...
IKEA obtains building permit for second store in Romania
Wednesday, October 25, 2017
Swedish furniture retailer IKEA said on Wednesday it has obtained a building permit for its second store in Romania, seenews.com informs. Construction works are set to begin this month and the inauguration of the store is expected to take place by the end of 2018, IKEA said in a press release. "Because we already received the authorization for land and fencing in September, the general builder began preparing the ground and ...
DS Smith to buy Romania’s EcoPack and EcoPaper in EUR 208 M deal
Wednesday, October 25, 2017
UK-based packaging DS Smith Plc has entered into an agreement to acquire Romania’s EcoPack and EcoPaper, a leading integrated packaging and paper group on the domestic market, for an enterprise value of about EUR 208 million, a press release informs quoted by romaniajournal.ro. ”We continue to grow very strongly throughout Eastern Europe. This exciting acquisition will ...
EximBank lends EUR 14 M to Maschio Gaspardo Romania to support investments in agricultural equipment
Wednesday, October 25, 2017
EximBank and Maschio Gaspardo Romania signed a financial agreement of almost EUR 14 million for current activity and for supporting the investment program of the manufacturer of agricultural equipment in order to reach its business targets, a press release informs, romaniajournal.ro reads. ”Romanian agriculture has a significant development potential but its harnessing as well as increasing the competition in the ...
State Assets Management Authority had 504 companies under administration as of June 30
Wednesday, October 25, 2017
The State Assets Management Authority (AAAS) had 504 companies under administration as of June 30, by 8.2 percent less from the 549 registered on June 30, 2016, shows data made available by the institution at the request of ...
Increase of the share capital, important step towards strengthening the Romanian Post company
Wednesday, October 25, 2017
The increase of the share capital is an important step towards strengthening the Romanian Post, the company's acting CEO Elena Petrascu said on Monday on the occasion of a new meeting with representatives of personnel from all the company's activity sectors, which also had Minister of Communications and Information Society Lucian Sova ...
Libra Internet Bank to grant 47.7 ml euro loans for SMEs, through FEI agreement
Wednesday, October 25, 2017
Libra Internet Bank will grant loans worth up to 47.7 million euro to small and medium-sized enterprises (SMEs), on favourable terms, following the signing of an agreement with the European Investment Fund (FEI) within the programme titled "The SME Initiative", reads a press release of the bank sent on Monday. "We are glad for the extension of the agreement ...
Companies and registered sole traders (PFA) facing insolvency went up by 7.58 per cent January through September 2017
Wednesday, October 25, 2017
The number of companies and registered sole traders (PFA) facing insolvency went up by 7.58 per cent January through September this year, compared with the same period of 2016, reaching 6,441 units, the data published on the site of the National Trade Register Office (ONRC) reveals. Most of the companies and registered sole traders facing insolvency are from ...
Franchise market in Romania to double in five years
Wednesday, October 25, 2017
The franchise market in Romania, which includes over 400 business concepts, is heading towards EUR 3 billion in revenues this year and has the potential to double in the next five years, ...
Kestral International opens office in Romania
Wednesday, October 25, 2017
Kestral International, specialized in providing solutions for industry, has opened an office in Romania to strengthen access for its OEM clients to South East Europe, the company informs în a statement sent to ACTMedia. Bucharest, October 19th 2017 - Kestral announces its expanison in Europe, as part of its international growth plan. The Romanian office will be key to the company’s development in South Eastern Europe. In this ...
Wirtek opens third office in Bucharest
Wednesday, October 25, 2017
Wirtek expands its partnership with Romania by opening the third office in Bucharest, business-review.eu informs. The announcement was made during the celebration of eleven years since they opened their first office in Cluj-Napoca. The second office was opened three years ago also in Cluj-Napoca. Wirtek doubled their employees number in the last two years and now it’s planning to start a strategic partnership with Mark ...
Euroweb Romania estimates revenues growth by 50 pct from cloud solutions in 2017
Wednesday, October 18, 2017
Euroweb Romania, one of the main local suppliers of telecom and IT services for business clients, estimates a growth of revenues by 50 percent from cloud solutions in 2017, business-review.eu reads. Euroweb launched the cloud clients portfolio a year ago, based on Cisco solutions, EMC and VMWare, and currently the cloud has an important share in the business. The company ...
Ford Plant in Craiova launched the production of the new EcoSport SUV for Europe
Wednesday, October 18, 2017
The Ford Plant in Craiova on Tuesday launched the production of the new EcoSport SUV for Europe, in order to cover for the growth in demand from clients on this segment, according to the ...