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Digi Romania maintained its market leading position during the last three months

Wednesday, July 1, 2020

Confronted with the pandemic crisis during the last three months, Digi Communications operations in Romania, Spain and Hungary – three of the four countries where the Group operates – have focused on driving forward technological advances, delivering quality services to clients at the same levels as those before the emergency state, consolidated its market share and selling mix optimization. Digi Romania ...

Posta Romana seeks EUR 40 mln long-term loan

Wednesday, July 1, 2020

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Romania's state postal services operator Posta Romana (Romanian Post) "is preparing to borrow" some EUR 40 million for 10 to 15 years, according ...

82% of employees expected to return to the office in 12-18 months, Xerox Future of Work Survey reveals

Wednesday, June 24, 2020

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* 600 IT leaders across five countries disclose post-COVID-19 priorities in support of a flexible work environment A new global business survey commissioned by Xerox Holdings Corporation shows an estimated 82% of the workforce in ...

Romania below global automation average with 15 industrial robots per 10,000 workers

Wednesday, June 24, 2020

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The development potential of projects with industrial robots is high in Romania, where there are now 15 industrial robots per 10,000 workers, below the level recorded in Poland and Hungary, according to data of the International Robotics Federation quoted by the designer of multi-technical solutions IMSAT Groupe SNEF. In this context, the Group announces the development of the robotic integration systems and becomes single official partner of Kawasaki ...

Vodafone Romania CTO wins Gamechanger of the Year Award 2020

Wednesday, June 24, 2020

Romanian Catalin Buliga, the CTO of Vodafone Romania, won the Mobile Europe & European Communications CTO of the Year Award 2020, in the Gamechanger category, the company announced. The award is offered by the prestigious publication Mobile Europe & European Communications. This year, the competition had two categories: Gamechanger and Trailblazer. The Trailblazer of the Year Award 2020 went to Micha Berger, CTO of ...

Kandia suspends operations as workers test positive for COVID-19

Wednesday, June 24, 2020

Romanian chocolate and sweets maker Kandia announced that 20 of its employees have tested positive for COVID-19. Thus, Kandia temporarily closed its factory, located in ...

ESSA to reach EUR 14.7 million turnover in 2020, up 3 percent

Wednesday, June 24, 2020

The emergency amid pandemic COVID-19, instituted in early March in Romania, created numerous financial problems among most of the entrepreneurs. It wasn’t the case for Eugen Saulea, the founder of the personnel leasing company ESSA, which recorded a turnover increase of 6 percent in the first quarter of this year, compared to the same period of the previous year, from EUR 3.1 million, to EUR 3.3 million. By the end of the year, Eugen Saulea is expecting the business to ...

Nestle, new investments and initiatives, supporting health, nutrition and sustainability

Wednesday, June 24, 2020

Nestlé, one of the most important players in the global food and beverage industry, announces short and medium-term local plans for involvement in the development of Romanian communities. In a difficult context, which generates a major impact on communities, the company remains not only a reliable partner of communities, a solid employer and business partner, but also an important voice commited to create, support and implement solutions to prepare the ...

More than 4,750 companies receive approval for loans under IMM Invest programme

Wednesday, June 17, 2020

Prime Minister Ludovic Orban has stated that today's data show that more than 4,750 companies have already received approval for their loans under the IMM Invest programme (SME Invest)."You know very well that we were under attack over the functioning of the IMM Invest. However, the data show that more than 4,750 companies have already received approval for their loans, with a total of 3.8 billion [lei - editor's note] granted until now under the IMM Invest programme. There are ...

Rockwool keeps hiring at its new Romanian factory

Wednesday, June 17, 2020

Danish producer of thermal insulation materials Rockwool will expand its activity in Romania by launching the first products made by "Dual Density" technology in Romania, and a new "Monodensity" range. The company will also hire more people at its factory in Prahova, according to an official statement. At the end of last year, Rockwool opened its first factory in Romania after a EUR 50 mln investment. The factory has a capacity of approximately 45,000 tons per year, ...

Number of citizens with employment agreements down by 14,000 in May against same month of 2019

Wednesday, June 17, 2020

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Prime Minister Ludovic Orban on Tuesday stated that the number of persons with employment agreements dropped by 14,000 in May 2020 compared with the same period last year."Very many analysts, political leaders from the Opposition predicted the apocalypse in the employment field: a scary unemployment. We have even been accused of not taking measures for it. But I will just give you a few data in exchange. In May, the number of citizens with employment agreements - and not the ...

Bonami opens its first physical retail store

Wednesday, June 17, 2020

Bonami, the furniture and decorations store, which most customers know from the online environment, has opened its first physical store in the shopping area of Cerny Most, in Prague, Czech Republic. Interior design lovers thus have the opportunity to see the ranges to try out the products, but also to order, return, exchange or buy directly, all in one place. In an area of approximately 200 square meters, there is a selection of accessories, lighting fixtures, as well as furniture, ...

Support measures for employees of companies whose activities are still restricted to be extended

Wednesday, June 17, 2020

The support measures granted to employees of companies whose activities are still restricted will be extended while restrictions are being maintained, Labour and Social Protection Minister Violeta Alexandru announced on Friday."Employees of the companies whose activities are still restricted, namely the activities in restaurants, entertainment and activities with a large crowd, theater performances, enclosed playgrounds, for all these areas where persons on childcare leave or ...

Eurostat: Romania, among the states with a high percentage of hairdressers and beauticians

Wednesday, June 17, 2020

In 2019, 1.7 million people aged over 15 were employed as hairdressers and beauticians in the European Union (EU), representing 0.9% of total employment. With their profession often ...

CXO Research: Legacy Technology & Lack of Skills Hindering Digital Transformation and IT Modernization

Wednesday, June 17, 2020

* Veeam 2020 Data Protection Trends Report indicates global businesses are embracing Digital Transformation, but struggle with antiquated solutions to protect and manage their data; data protection must move to a higher state of intelligence to support transformational needs and hybrid/multi cloud adoption. As organizations look to transform their business operations and revolutionize customer service, Digital Transformation (DX) is at the top of most CXOs’ agendas; in ...

Dr. Bock Industries closes factory in central Romania

Wednesday, June 17, 2020

German company Dr. Bock Industries recently announced that it decided to close the RHM Pants factory in Covasna, central Romania, due to fewer orders amid the COVID-19 pandemic, Business ...

BVB: Companies' financing costs can only be minimized through capital market

Wednesday, June 17, 2020

The main purpose of any company operating in the energy sector is to minimize financing costs, and this minimisation will only happen on the capital market, the managing director of the Bucharest Stock Exchange (BVB), Adrian Tanase told the Online Energy Forum ."I don't think we are where we have to be, but we are on the right track in terms of capital market infrastructure. We will be promoted to emerging market status in September this year. Only two companies - Banca ...

AmCHam: Maintaining Romania in the category of countries recommended for investments must be a priority of the economic policy

Wednesday, June 17, 2020

AmCham Romania believes that Standard & Poor’s maintaining of Romania’s sovereign rating at “BBB- with a negative perspective” reflects the realities faced by the national economy after the shock generated by the COVID-19 pandemic. The decision was based on a number of factors, including low levels of public debt and external debt, Romania’s ability to borrow, the NBR’s monetary policy and the programs announced by the European Union. On the ...

German investor sells stake in Romania’s largest air carrier

Wednesday, June 17, 2020

German Airways group sold its 10% stake in Blue Air, the largest Romanian air carrier and the second-largest player on the local market, after Wizz Air. The stake, acquired by the German company at the beginning of last year, has been transferred to Blue Air's majority shareholder, Romanian investor Teodor Cristian ...

Aerostar Bacau estimates sales drop by 100 million lei, to 278 million lei this year

Wednesday, June 10, 2020

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Aerostar Bacau, a company specialized in manufacturing aviation products, maintenance for commercial planes and defence systems, estimates a sales drop by 100 million lei to 278 million lei this hyear and a net profit drop by 33 million lei to 10 million lei, according to a report sent to Bucharest Stock Exchange (BVB) which shows that the return to the 2019 situation will last a few years, after the unprecedented economic crisis affected the aviation ...

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