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Automobile Dacia posts all-time high profit in 2018

Wednesday, May 29, 2019

Romanian carmaker Automobile Dacia, a subsidiary of France’s Renault group, has registers a all-time high profit last year of EUR 162 million, up 40 percent compared to 2017. The group posted a total turnover of EUR 5.3 billion in 2018, an increase by 5 percent compared to the previous year. The results include only the Romanian businesses, excluding the Morocco factory that produces cars under Dacia ...

Analysis: 7 out of 10 companies in Romania postpone invoice payment, 53pct have no financial resources

Wednesday, May 22, 2019

Seven out of 10 companies in Romania postpone the payment of their invoices, while the average duration to cash an invoice at the level of the economy reached almost 120 days, a poll-based select analysis says.According to the data by Frames & Train Your Brain, 68pct of the managers of the companies operating in Romania have admitted that they postpone the payment of their invoices to the maximum limit, to ensure their cash flow necessary to continue their ...

Turkish company Martur increases production capacity of Arges factory

Wednesday, May 22, 2019


The Turkish manufacturer of parts for Martur Automotive Seating and Interiors has inaugurated works for capacity extension of the factory în Oarja, Arges county, where 481 jobs will be created following an investment of 82.85 million lei. The investment is co-financed by state aid, according to a press release of the Ministry for Business, Trade and Entrepreneurship. The company increases its present production capacity for the manufacture of new ...

Analysis: Romanian economy needs 1 million workers, 10,000 industrial robots

Wednesday, May 22, 2019

Romania’s economy needs 1 million more workers as well as 10,000 industrial robots, according to an analysis by Frames on the country’s workforce needs, in the context of many industries facing a significant labour crisis, news.ro reports. “As in western countries, beyond recruiting and training employees, companies are seeking solutions that can reduce ...

Adobe Romania reaches 600 employees, wants 100 more

Wednesday, May 22, 2019

Adobe Romania, with 13 years of presence on the local market, exceeded the 600-employee milestone this month and has 100 more open positions for new team members. The current available roles are mostly related to software engineering. “The Romanian team has grown constantly over the last few years and our objective is to permanently reach out to the best people available for hire, the top 5 percent. The products we work on have global impact, ...

Cemacon’s turnover up by 48 percent in Q1 2019, to RON 31.8 million

Wednesday, May 22, 2019

The ceramic blocks producer Cemacon, owned by Dedeman, recorded a 48 percent increase in turnover in the first quarter compared to he same period of 2018, to over RON 31.8 million, while operating profit amounted to RON 17.38 million.   “The market context continued to be positive in the first quarter of 2019, with a good demand for masonry materials and a positive evolution in sales prices, also driven by ...

Digi Communications NV posts 20.8 pct revenue growth in Q1

Wednesday, May 22, 2019

Digi Communications NV published its financial results for the first quarter of 2019, announcing a 20.8 percent revenue growth compared to the same period of 2018, to EUR 281.2 million. Adjusted EBITDA was EUR 90.7 million, a 17.1 percent growth compared to Q1 2018. However, the company also reported a net loss of EUR 17.6 million, compared to a net profit of EUR 14.8 million in the first quarter of last year. The group’s total spending increased in Q1 2019 by 30.3 ...

Purcari Wineries closed Q1 with a net profit of 8.7 million lei

Wednesday, May 22, 2019

Purcari Wineries registered, in Q1 this year,  a growth of income with 29% as compared to the similar period of 2018 at 42.2 million lei, while EBITDA and net profit increased by 37% and 46% respectively up to 13.9 million lei and 8.7 million lei, according to a press release. ‘We are happy with the beginning of 2019. While Romania stays our biggest market and continues to register an excellent growth, we are especially encouraged by the ...

The profit of SIF OItenia in Q1 is 2.5 times higher than the similar period  of 2018

Wednesday, May 22, 2019


The society for financial investment Oltenia registered in Q1 this year a net profit of 7.513 million lei, 2.5 times higher than the similar period of last year, 2.95 million lei, according to the data sent on Wednesday to the BVB.The income from dividends of the society went up to 4.2 million lei ( 2.013 million lei in Q1 2018) and net gain of the differences of exchange rate was 6.418 million lei.On 31 March 2019, SIF Oltenia had total assets worth ...

JYSK to open 15 new stores per year, aiming to reach 135 units in Romania

Wednesday, May 22, 2019

Danish furniture producer and retailer JYSK is planning to open 15 stores per year on the Romanian market and eventually reach 135 stores across the country, according to economica.net. “Ever since we were taken over by JYSK Nordic and went from the franchise system to the parent company, in 2013, our strategy has been to be present in as many Romanian cities as possible. We currently aim to open ...

Dedeman set up equity fund to invest in SMEs

Wednesday, May 22, 2019

Brothers Dragos and Adrian Paval, the owners of Dedeman, a company estimated to be worth about EUR 2 billion, have announced that they are launching a new private equity fund called Equiliant Capital, which will invest in SMEs in Romania. The fund will be fully backed by Paval Holding, which has a social capital of EUR 1 billion and represents the largest direct ownership by Romanian entrepreneurs (60 percent by Dragos Paval and 40 percent by his ...

ALRO posts a consolidated turnover of over RON 767 M in Q1 2019 despite lower aluminium quotations

Wednesday, May 15, 2019

ALRO S.A., the vertically integrated aluminium producer, has announced its consolidated financial results for the first quarter of 2019, romaniajournal.ro informs. The Group’s turnover increased by 2.4% to RON 767.4 million in Q1 2019 compared to RON 749.2 million in Q1 2018. In the first quarter of 2019, ALRO Group registered a gross profit of RON 105 million (Q1 2018: RON 167 million) and an operating result (EBIT) of RON 59 million in Q1 2019 (Q1 2018: RON 101 ...

Vodafone Romania announced indicators for the year ended March 31st, 2019

Wednesday, May 15, 2019

Vodafone Romania has announced the key performance indicators for the year ended March 31st, 2019, as reported today by Vodafone Group Plc.The Service Revenue is at EUR 715.3 million and continues to grow on an underlying basis. The reported service revenues ...

Teraplast buys another 32 pct of Depaco-Wetterbest for EUR 5.1 million

Wednesday, May 15, 2019

TeraPlast Group, the largest construction materials manufacturer with Romanian capital, has paid EUR 5.1 million to increase its stake in Depaco by 32 percent, reaching a total of 99 percent. Depaco is a top player on the roof system market through its Wetterbest brand. As a result of the new contract, the total investment by TeraPlast into Depaco will exceed EUR 17 million. The EUR 5.1 million price for the additional 32 ...

In Romania,the 20-29 age group decreased by 33.6 percent between 1990 and 2018

Wednesday, May 15, 2019

In the context of a dramatic drop of Romania’s active population during 1990-2018, the workforce availability as well as access to public transportation are critical factors for developing industrial hubs. According to a study done by the Academy of Economic Studies at the request of Element Industrial, the age groups of 20-29 and 30-39 years old have registered a decrease of 33.6 percent and 19.6 ...

Survey: Salary, benefits - most important criteria for 70pct of Romanians when applying for job

Wednesday, May 15, 2019


The Chinese with Huawei and the Americans with IBM and Ford are the most wanted employers in Romania, and the most important criterion for Romanians in case of an employment decision is salary and extra-salary benefits, reveals the Randstad Employer Branding 2019 survey released on Friday.According to the cited source, depending on industries, the most desirable employers are: ING Bank (financial and banking industry), Coca-Cola (FMCG), Valeo (industrial ...

Telekom Romania posts decreasing revenues to 216.6 mln euro in Q1

Wednesday, May 15, 2019

The consolidated revenues of Telekom Romania Group decreased by 4.4pct in the first quarter of the year, compared to the same period in 2018, to 216.6 million euro, according to the company's financial data, published on Thursday.Earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 20.8pct to 26.2 million euro over the reference period.Telekom Romania's fixed service revenues dropped 12.2pct to 57.8 million euro, and voice ...

Deloitte 2019 Global Human Capital Trend report for Romania:Leaders need to understand new technologies

Wednesday, May 15, 2019

The most important things for Romanian employers are lifelong learning, developing leaders and improving employee experience, according to Deloitte 2019 Global Human Capital Trend report for Romania.  “The main concerns of Romanian employers are lifelong learning (90 percent of respondents) and developing leaders (84 percent), followed by improving the employee experience (78 percent). These results reflect the current challenges of the ...

Newly-established companies running on foreign capital, up 9.1pct in Q1; share capital, up 27.3pct

Wednesday, May 8, 2019

The number of newly-established companies running on foreign capital increased in the first quarter of 2019 by 9.1%, compared with the same period of the previous year, to 1,496 units, according to data centralized by the National Trade Register Office (ONRC).The 1,496 new companies had a subscribed share capital of 3.941 million dollars, up 27.3% over the January-March 2018 period.According to the cited source, between 1991 and 2018, 221,334 companies ...

În 2018, Zentiva Romania increased production capacity by 12.5%

Wednesday, May 8, 2019

Zentiva Romania has increased its production capacity by 12.5% at the factory in Bucharest last year, delivering over 100 million commercial units, a press release of the company announced. In 2018, the company reported a turnover of RON 461.4 million and a profit of RON 262.6 million, higher than the one obtained in 2017 due to Zentiva’s split from Sanofi. Zentiva also invested RON 27.72 million in the production and ...

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