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Deloitte: Costs of dismissal in Romania among lowest in Europe

Wednesday, April 11, 2018

Romania is among the countries with the lowest costs of dismissal for employers in Europe, either due to individual or economic reasons, according to a survey by Deloitte Legal, represented in Romania by Reff & Associates, business-review.eu informs. The analysis compares six costs of dismissal in 45 countries. The survey data represents three separate cases with different seniority and remuneration packages. Florentina ...

Survey: Romanian youngsters would rather work for themselves, than for a company

Wednesday, April 11, 2018

Romania ranks first in terms of percentage of youngsters who would rather work for themselves/be an entrepreneur than for a company, with 51 percent expressing this preference, according to Vodafone survey quoted by romaniajournal.ro. Thus, Romanian 18-24 year-olds seem to be among the best prepared in the 15 countries to embrace digital-focused jobs. 27 percent of participants would prefer to work as coders, 23 percent as game designers, 22 percent as ...

Romanian software group expands to Bulgaria

Wednesday, April 4, 2018

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Romanian group Global Technical Systems, which specializes in software development and providing technological solutions for building efficiency and security infrastructures, aims to double its turnover this year, to EUR 35 million, romania-insider.com informs. The business growth will mainly be driven by the group’s expansion to Bulgaria and Serbia. “Global Technical Systems group comprises three companies with ...

Investors accuse mayor Firea’s companies of distorting the competitive environment

Wednesday, April 4, 2018

Coalitia pentru Dezvoltarea Romaniei (CDR) asks the Bucharest City Hall to respect the principles of free competition, the principle of transparency and legal provisions in the award of public service contracts to municipal companies set up last year, as a press release informs quoted by romaniajournal.ro. “Looking at how the 22 companies set up in 2017 under the City Hall umbrella operated, we have found that there is a deep gap between the principles of action ...

Ebury goes for growth with new office in Romania

Wednesday, April 4, 2018

London-based Ebury, one of the fastest growing fintechs for corporate global transaction services, opens its first office in Romania., romaniajournal.ro informs According to a press release, Trandafir & Associates has assisted Ebury for entering the domestic market. The office in Bucharest will be led by the former banker Johan Gabriëls, now Country Manager Romania. “When entering a new market, Ebury requires from their legal partner to apply the highest ...

Romanian takes over as country manager Unilever Baltics

Wednesday, April 4, 2018

Romanian Ana-Maria Paslaru, the Marketing Director of Unilever South Central Europe, will take over as Country Managing Director of Unilever Baltics, romania-insider.com informs. The Baltics make a separate business unit within Unilever Central and Eastern Europe (CEE), the region which also includes Unilever South Central Europe (USCE). Ana-Maria Paslaru has been Marketing Director Home & Personal Care USCE & CEE Home ...

Expo Market Doraly invests EUR 1 mln in launch of e-commerce platform Doraly.ro

Wednesday, April 4, 2018

Expo Market Doraly, one of the most important commercial parks specialized in household appliances and good products in Romania, invests EUR 1 million in the launch of e-commerce platform Doraly.ro, through which its tenants will sell also online the products that they sell in physical stores, business-review.eu reports. “Currently there are 550 importers, producers and distributors who sell approximately 550,000 products. The creation of an online platform where they ...

High Court of Cassation and Justice reduces fine for Orange Romania to RON 110 mln

Wednesday, April 4, 2018

The High Court of Cassation and Justice has decided against mobile operator Orange Romania in the case opened against Competition Council, business-review.eu informs. Therefore, Orange is still forced to pay a fine for abusing its dominant position in the market in relation to Netmaster Communications, but the value of the fine has been reduced from RON 147.9 million to RON 110.9 million. The mobile operator was fined by the Competition Council in February 2011 after Netmaster ...

New luxury fashion brand opens store in Romania

Wednesday, April 4, 2018

Luxury fashion brand DSQUARED2 will have its first mono-brand store in Romania, at the ground floor of the JW Marriott Grand Hotel in Bucharest, romania-insider.com reports. The store will be located at the hotel’s entrance, close to the Louis Vuitton store. It will have a retail surface of some 100 sqm and display fashion collections both for men and women, ...

Study: 55 pct of the social entrepreneurs in Romania are limited by the lack of financing opportunities

Wednesday, April 4, 2018

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Ashoka Romania has launched the results of the National report on the Social Entrepreneurship, made in partnership with Red Bull Amaphiko, business-review.eu informs. The report reveals that  55 percent of the social entrepreneurs in Romania are limited by the lack of financing opportunities. The second biggest ...

No investor interested in Romanian state-owned syringe factory

Wednesday, April 4, 2018

No investor showed interest in the privatization of the state syringe factory Sanevit 2003 Arad, ...

French group Saint-Gobain expands production capacity in Romania

Wednesday, April 4, 2018

French construction materials producer Saint-Gobain is upgrading and expanding its production line for stone wool at the Isover plant in Ploiesti, some 60 km away from the capital, romania-insider.com reports. The expanded line will be operational beginning with the second semester of 2019. Its upgrade will increase the plant’s production capacity to 30,000 tons per year and expand the range of products available on the local and ...

BSH Hausgeräte GmbH buys land in Romania to build washing machine factory

Wednesday, April 4, 2018

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BSH Hausgeräte GmbH has announced that it will invest around EUR 110 million in a new location in Romania in the next few years. The German home appliances manufacturer has bought a 40-hectare lot in Simeria, Romania to build a washing machine factory. The price of the acquisition remains confidential as per the parties’ agreement. The construction of a production hall, a logistic centre and administrative buildings should begin this year. BSH aims to begin washing machine ...

TAROM CEO Wolff: We want to re-connect Western Romania with Chisinau, Constanta; New York, Beijing next

Wednesday, March 28, 2018

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Romania's TAROM national air carrier plans to reconnect the western part of the country with Chisinau on Moldova and also Constanta in the east, and there are prospects for flights to New York and Beijing, TAROM Director General Wolff Werner-Wilhelm told Agerpres on Sunday."On the domestic level, we want to re-connect the western part of the country with Chisinau, we want to reconnect also Constanta to the western part of the country so that people can reach the ...

Smartree Romania posts revenue growth of 20 pct in 2017 to EUR 14.5 mln

Wednesday, March 28, 2018

Smartree, one of the leaders from Romania on the HR outsourcing processes market, posted revenues in increase by 20 percent in 2017 to EUR 14.5 million, due to the increase in the temporary work services segment, as well as on the salary calculus outsourcing and software apps for HR resources, business-review.eu reads. Thus, in 2017 the company posted a turnover of EUR 14.5 million, higher by 20 percent than in 2017, when the revenues reached around ...

Pirelli plans to expand tire factory in Southern Romania

Wednesday, March 28, 2018

Italian tire producer Pirelli will and a new production unit to its tire factory in Slatina, Southern Romania, on a 6-hectare land plot,romania-insider.com informs. The land first needs to be included within the city’s build-up area before the Italian investor can build on it. A decision in this sense is on the Slatina Local Council’s agenda, ...

Timisoara to host IKEA’s third unit in Romania

Wednesday, March 28, 2018

The Swedish furniture retailer IKEA plans to build the third store in Romania, romaniajournal.ro informs. In this respect, the company has notified a commune’s town hall in Timisoara county in order to build a roundabout for access to the future store, local ...

Shopping City Satu Mare, NEPI’s 18th mall in Romania

Wednesday, March 28, 2018

NEPI Rockcastle, one of the largest real estate investors in Central and Eastern Europe, officially announced on Monday the start of construction works for the 18th commercial center in the Romanian portfolio, romaniajournal.ro reports. According to a press release, Shopping City Satu Mare is an investment of EUR 40 million and is scheduled for inauguration this year-end. The new mall will have a leasable area of 29,000 ...

Number of foreign-owned start-ups, up 6.3pct; share capital, down, Jan.-Feb. 2018

Wednesday, March 28, 2018

 The number of newly established companies running on foreign capital in Romania advanced 8.3 percent in the first two months of 2018, compared with the same period of the previous year, according to data with the National Companies Registry Office (ONRC).The 848 new companies had a subscribed capital in excess of 3.59 million US dollars, down 57.9 percent from January-February 2017.In 2017, 5,837 such firms started up in Romania, 9.1 percent over ...

Halewood Wines becomes part of Alexandrion Group

Wednesday, March 28, 2018

Alexandrion Group, the largest alcoholic beverages producer in Romania, signed an agreement for the acquisition of the Romanian wine portfolio of the Halewood group, one of the leading players on the domestic wine market, a press release informs, romaniajournal.ro reads. The transaction awaits the approval of the Competition Council and is scheduled to take place in the next three months. Thus, Alexandrion takes over the ...

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