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Real estate, banking, energy and retail sectors are the main investors in IoT technologies in Romania

Wednesday, October 3, 2018

Banks, oil and gas companies, retailers, and mall and office developers are the main Romanian investors in IoT technologies, http://business-review.eu informs. They are investing from EUR several thousand and up to over EUR 1 million in the integration of complex security systems infrastructure, according to the Global Technical Group, one of the largest technology integrators in ...

At Romania's Day in Zagreb, BVB discuss with Croation, Slovenian investors

Wednesday, September 26, 2018

Representatives of the most liquid companies listed on the Bucharest Stock Exchange (BVB) main market have discussed investment opportunities with institutional investors from Croatia and Slovenia during Romania's Day in Zagreb, according to a press release posted on the BVB."We are delighted that InterCapital had the opportunity to present the Romanian companies to the local investor community and we hope that the event will contribute to the increase in ...

Prime Kapital buys Teba Industry platform in Iasi

Wednesday, September 26, 2018

Real estate developer Prime Kapital, set up by Martin Slabbert and Victor Semionov, former managers of the South African investment fund NEPI Rockcastle, has acquired Teba Industry’s 10-hectare platform in Iasi, http://business-review.eu informs. According ...

UAE's Al Dahra to invest USD 500m in Romanian agriculture

Wednesday, September 26, 2018

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Al Dahra, a company under the control of the Emir of Abu Dhabi, has paid this summer about EUR 250 million to the Romanian entrepreneur Constantin Dulute to buy the Agricost company to take over the concession of the Braila Grand Island, the larger consolidated farm in Europe. Now, Al Dahra has announced it intends to invest further USD 500 million in Romania in the next five years, in various sectors, capital.ro reports in an exclusive feature. In ...

Apple to open own company in Romania

Wednesday, September 26, 2018

The US technology giant Apple, which in early August became the first American company to reach a capitalization value of a trillion dollars, has founded Apple Sales Romania SRL in August, romaniajournal.ro reports. The newly established company is controlled directly through the subsidiary in Ireland, the center of European affairs for Apple, ‘Ziarul Financiar’ informs. Thus, the US giant will be directly involved in the war on the local ...

AHK: German companies, concerned about the future, ask for investments in education, infrastructure and healthcare

Wednesday, September 26, 2018

The German companies operating in Romania are content with their current activity on the local market, but they are concerned about the developments in the upcoming years, said Dragos Anastasiu, president of the Romanian –German Chamber of Commerce and Industry (AHK) in a press conference on Thursday, quoted by romaniajournal.ro. AHK representatives argued that to be successful abroad, companies need a stable business environment and public ...

Alexandrion Group posts 25 pct turnover growth in the first semester

Wednesday, September 26, 2018

Alexandrion Group recorded an increase by 25 percent in turnover in the first half of the year, http://business-review.eu informs. The company sold over 5.245 million liters in the first semester, up from 4.4 million liters in the same period of 2017. “This spectacular growth in turnover only reflects the results of the long-term development strategy of the group. So, today, the entire company is focusing ...

Savills expects EUR 1 bln in real estate transactions in 2018

Wednesday, September 26, 2018

The year 2018 will most likely attract at least the same volume of investment as the previous year, of EUR 1 billion, according to Savills real estate research company quoted by http://business-review.eu. Investment returns remained roughly the same as in 2017, with office investment returns falling by 0.25 percent, while retail yields rose slightly by 0.25 percent. The fact that the products available on the market are more ...

Fondul Proprietatea concerned about draft proposing the exemption of state-owned companies from corporate governance

Wednesday, September 26, 2018

Fondul Proprietatea expresses significant concerns about a new legal draft, currently discussed in the Commitees of the Chamber of Deputies, which proposes the exemption of 100 major state-owned companies (SOEs) from the enforcement of corporate governance legislation currently in force, http://business-review.eu reads. Some of the most valuable Romanian SOEs, operating in vital sectors, are targeted, including: Hidroelectrica, ...

KeysFin survey: Romanian Insolvencies. Main causes, effects and perspectives for 2018

Wednesday, September 26, 2018

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The economic growth mirage risks blocking the business relations in Romania. The Business Barometer alerts on rising insolvency risks The Romanian economy risks more and more financial bottlenecks as the number of companies facing financial difficulties increases from month to month. This is the opinion of most business representatives questioned by Frames Media Network and KeysFin in a recent survey on local company ...

Brico Depot starts rebranding operations for Praktiker network

Wednesday, September 26, 2018

Brico Depot Romania, part of Kingfisher plc, began the process of rebranding Praktiker’s portfolio, http://business-review.eu informs. The acquisition, in 2017, of Praktiker strengthens Kingfisher’s position on the local home improvement market, becoming the number two in Romania, with a network of 38 stores and growth opportunities on the local market. The rebranding ...

EBRD president signs two loans while on visit in Romania

Wednesday, September 19, 2018

The European Bank of Reconstruction and Development (EBRD) will finance Romanian car rental services provider Autonom with EUR 5 million, romania-insider.com reports. The loan will enable the company to expand its car fleet in order to meet growing demand from Romanian firms, especially SMEs. The loan agreement was signed in Bucharest on Monday, September 17, by EBRD President Suma ...

Bell UH-1Y helicopter that could be built in Romania, presented at

Wednesday, September 19, 2018

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The Bell UH-1Y combat proven utility helicopter that could be built in Romania in the future, at central Ghimbav, near Brasov, was presented in European premiere at the "NATO Days" event organised Saturday and Sunday on the airport near Ostrava, in the Czech Republic.The combat variant AH-1Z is not here, but here it is the multi-role combat version.(...) slated to transport the troops in the conflict area and bring them back in safety from the battle field. (...) ...

Number of Jan - July newly set up foreign capital companies down 4.7 pct YoY

Wednesday, September 19, 2018

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The number of newly set up companies running on foreign capital was 4.7 percent down over Jan - July 2018 compared to the same period of 2017, standing at 3,337, shows National Trade Register Office data.The 3,337 new companies had a paid-up capital worth more than 36.3 million US dollars, up 86 percent YoY.In a YoY comparison, the number of startups this July was 479, most of them being set up in Bucharest - 221, Timis County - 34, and Cluj County - ...

Emirati Sheikh says his country wants to increase investments in Romania

Wednesday, September 19, 2018

Emirati Sheikh Hamdan bin Zayed Al Nahyan made an official visit to Romania during which he had a meeting with president Klaus Iohannis on Monday, September 17, romania-insider.com informs. The two officials talked about the development of the bilateral relations between the two countries, especially in the business area. The Emirati high official said that his country is interested in increasing investments in Romania, according ...

CEO TAROM: Three consecutive months in the plus, TAROM is on right path

Wednesday, September 19, 2018

 Romania's national air carrier TAROM will end the summer season in the plus, given that the company's losses decreased by approximately 40 percent, as compared to the same period of last year, while income went up by over 25 percent, according to the data sent by the company."Three consecutive months in the plus at TAROM. We are on the right path. We are aware of the positive results achieved by TAROM. We have managed to reduce to half losses incurred in ...

Medicover buys Oradea’s Pelican Hopital

Wednesday, September 19, 2018

Medicover, one of the leading private medical services companies in Romania, has completed the acquisition of Pelican Hospital, the main provider of health services in Oradea, http://business-review.eu reads. Following the approval of the Competition Council for this transaction, Medicover has become the ...

Elis Pavaje buys Fruhwald factory in Vintu de Jos

Wednesday, September 19, 2018

Romanian manufacturer of pavements and curbs, Elis Pavaje, controlled by the Gota family in Alba County, took over the Fruhwald vibropressed concrete factory from Vintu de Jos from the Austrian company Frühwald in a EUR 1 million transaction. The Vintu de Jos factory produces pavements and borders for industrial works with a nominal capacity of 1,000 sqm/day and concrete bricks (nominal ...

Deloitte Romania appoints Monica Guminski and Alexandru Aparaschivei as directors

Wednesday, September 19, 2018

Deloitte Romania appointed Monica Guminski and Alexandru Aparaschivei to director roles, http://business-review.eu informs. Monica Guminski, formerly Senior Manager Audit and Assurance, has been promoted to Audit Director, and Alexandru Aparaschivei, formerly Senior Manager Tax, is now Tax ...

Vodafone will lay off 1,700 service center employees in Romania, India and Egypt

Wednesday, September 19, 2018

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Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group’s new CEO Nick Read said in an interview for Financial Times. The ...

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