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The taking over of the  group Halewood by Alexandrion Holdings was authorised by the Competition Council

Wednesday, June 6, 2018

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The competition council announced on Thursday that they authorised the trading through which The Alexandrion Holdings Limited took over the group of Halewood companies. ‘The competition authority analysed this operation and decided that there are no significant obstacles in the effective competition on the Romanian market or any substantial part of it, especially through the creation or the consolidation of a dominating position’ the ...

Bitdefender names American Michael Gable as Vice President of its Data Center Group

Wednesday, June 6, 2018

Bitdefender, a world known cybersecurity-technology company, founded and owned by Romanian IT entrepreneur Florin Talpes, which protects 500 million users worldwide, has appointed American Michael Gable as Vice President of its Data Center Group, a new division focused solely on cloud and data center security, romaniajournal.ro reports. According to a company’s press release, the focus on the security market for data center will generate ...

Number of insolvencies, up over 17pct in first four months

Wednesday, May 30, 2018

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The number of commercial companies and authorized individuals in insolvency increased by 17.38pct in the first four months of the year, compared to the same period of 2017, to 2,965, according to the data posted on the website of the National Office of Trade Registry (ONRC).Most of the companies and authorized individuals in insolvency are in Bucharest, 572 respectively (plus 12.82pct over the same period in 2017) and in the counties of Bihor - 192 (plus ...

Romania considered the 49th most competitive nation in the world in 2018

Wednesday, May 30, 2018

Romania ranks 49th in the World Competitiveness Rankings 2018 published by the Swiss IMD business school, up one place from the previous report, business-review.eu informs. The report analyses nations by four main criteria: economic performance, government efficiency, business efficiency and infrastructure. Romania, with a score of 64.9 (out of 100), ranks 49th in 2018, up one ...

MedLife finalised the acquisition of Ghencea Medical Centre

Wednesday, May 30, 2018

MedLife,the leader on the private medical services market in Romania announced that they finalised the acquisition of the 90% package of shares of the company Ghencea Medical Centre ofBucharest. Ghencea Medical Center with an activity of ten years on the market registered during last year a turnover of 8.7 million lei and this year they expect a growth of 20%.  The supplier of medical services has two clinics in Bucharest ...

Kaufland Romania posts EUR 2.2 bn in turnover for 2017, remains leader of local retail market

Wednesday, May 30, 2018

Kaufland Romania ended 2017 with a turnover of RON 10.09 billion (around EUR 2.2 billion) and maintains its position as a leader on the Romanian retail market, business-review.eu informs. It has become the third strongest company in Romania. In comparison, its competitor Carrefour had net sales of EUR 1.78 billion in 2017, an 18.7 percent growth from 2016. Kaufland has 119 ...

Oracle surpasses EUR 200 million turnover threshold in Romania

Wednesday, May 30, 2018

The Romanian division of software producer Oracle exceeded the RON 1 billion turnover threshold in 2017 (some EUR 219 million), 13.3% higher than in the previous year. Its profit, however, went down by 4.1%, to RON 22.81 million – some EUR 5 million, ...

US Ambassador to Romania Hans Klemm recommends transfer of technology developed in universities to SMEs

Wednesday, May 30, 2018

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The US Ambassador to Romania, Hans Klemm, recommends that the managers of small and medium-sized companies transfer to the private sector the technology developed in universities.Attending on Friday the National Forum of Small and Medium Enterprises in Cluj, which is taking place at the University of Agricultural Sciences and Veterinary Medicine, the American diplomat believes that this kind of collaboration may be beneficial for both sides. He explained that the ...

Pirelli hires at Slatina factory: 50 people recruited every month

Wednesday, May 30, 2018

The Italian group Pirelli hires people for Slatina factory 50 persons recruited every month, until the end of the year. Wolfgang Meier, the Pirelli Romania CEO, declared in Slatina, on Thursday, that the tire producer needs all categories of personnel, starting with operators to specialists in all activity sectors. “The recruiting campaign we carry out is a permanent one, as we announced at the beginning of the year, we continue to create new ...

Nidec inaugurated the largest electric motor factory in Romania

Wednesday, May 30, 2018

Japanese Nidec has inaugurated on Thursday, in Stefanesti, Arges County, the largest electric motor facility in Romania. ”One reason we decided to open a production capacity here was that we believe that it is a good business environment in Romania. The second reason was to find the right space to grow the business,” said Valter Taranzano, CEO of Nidec Global Appliance Division, during the inauguration ceremony of new production ...

Elefant.ro partnerships with Intershop to develop operations in the coming years

Wednesday, May 30, 2018

Elefant.ro inks a deal with the German company Intershop, meaning a new eCommerce platform that will allow the development of Romanian online retailer in the coming years, both locally and internationally, a press release informs quoted by romaniajournal.ro. ”We value a lot every one and a half million customers we have, and the security of their personal data and the experience they have when deciding to buy their favorite products on elefant.ro ...

PayPoint reports 96.4 mln transactions in Romania last year, up 29 pct

Wednesday, May 30, 2018

PayPoint plc, the main payment operator in the United Kingdom of Great Britain and Northern Ireland, reports growing results in Romania for the financial year 2017-2018, business-review.eu informs. Thus, during the analyzed period, PayPoint Romania recorded a total volume of 96.4 million transactions on the local market, increased by 28.6 percent compared to the previous year; the result includes Payzone’s ...

Continental to hire 250 at engineering centre in Iasi

Wednesday, May 30, 2018

Automotive parts supplier Continental Romania said on Wednesday it plans to hire 250 engineers and IT specialists at its engineering centre in Iasi, in northeastern Romania, seenews.com informs. As a result of the increase in the number of employees to over 1,800 starting  March, Continental's research and development center in Iasi has expanded its activity in a fourth rented building, the company said in a press ...

Romania, talks in Brussels about ArcelorMittal’s acquisition of Ilva

Wednesday, May 23, 2018

Deputy Prime Minister Viorel Stefan met with Commissioner Margrethe Vestager, in charge of competition policy in Brussels, the discussions at the meeting being related to the implications of the European Commission’s decision on conditional approval of the acquisition of Ilva by ArcelorMittal, as gov.ro informs in a press release quoted by romaniajournal.ro. In this context, Deputy Prime Minister Viorel Stefan reiterated the special attention ...

Sometra invests USD 40 million in new plant in Romania

Wednesday, May 23, 2018

Sometra, a zinc oxides and clinker producer in Sibiu county, will invest USD 40 million in a new, environment-friendly production facility in Copsa Mica, the company announced quoted by romania-insider. com. The new facility will be built from scratch on the site of the existing nonferrous metals plant. The greenfield investment will deploy technology that allows ecological recycling and the transformation of the landfill slag into two saleable ...

Bosch Romania sales up by 26 pct in 2017, to RON 1.9 bln

Wednesday, May 23, 2018

Bosch, the global leader in technology and service provision, ended the fiscal year 2017 with consolidated sales of RON 1.9 billion (EUR 416 million) in Romania, which represents an increase of 26 percent over the year previous, http://business-review.eu informs. Net sales of RON 4.2 billion (EUR 931 million), including sales of ...

Russians want to sell part of Alro Slatina shares

Wednesday, May 23, 2018

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Vimetco Group, registered in the Netherlands, which holds the majority stake in the Slatina-based Alro, and controlled by Russian magnate Vitaly Machitski, is exploring strategic options for a potential decrease of its ownership stake in the only Romanian aluminium producer, romaniajournal.ro informs. “The company has been informed by its majority shareholder – Vimetco N.V., which currently holds 84.1898 percent of the company’s share ...

RCS & RDS, called in front of Vienna Arbitral Centre by the former Czech subsidiary

Wednesday, May 23, 2018

In March 2018, Yolt Services, the former Czech subsidiary of RCS&RDS, filed against the Romanian company a claim for indemnification in front of the Vienna International Arbitral Centre (VIAC), the the parent company Digi Communications announced in the financial ...

Romanian Post to trade government securities to the public

Wednesday, May 23, 2018

The Romanian Post will be authorized by the Government to trade sovereign bond to the public, and the conditions for the sale and payment of maturity obligations for these securities will be similar to those in force for Treasury units, Ministry of Public Finance (MFP) announced, romaniajournal.ro reads. The indicative loan ceiling for this year is about RON 4 billion. The bond issues have been conducted so far under the FIDELIS program, through the ...

Romaero to train with drones provided by Israel’s Aeronautics Group

Wednesday, May 23, 2018

State-owned company Romaero has signed a memorandum of understanding with Israel’s unmanned aerial systems (UAS) company Aeronautics Group for maintaining UAS on Romanian soil and cooperate in training and instruction.  According to the Israeli company, it will provide the Romanian company with the most advanced technological systems in the world. “Aeronautics Group presents highly efficient and cost-effective aerial solutions. We are ...

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