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 Bosch washing machines to be made in Romania

Wednesday, November 14, 2018

Household Appliance Producer BSH Hausgeräte, a company part of the Bosch German group, will invest about EUR 110 million in a new washing machine factory in Simeria, as the building permit was signed on Monday, http://business-review.eu informs. ”The investment will generate over 700 local jobs,” said the mayor of Simeria, Emil Risteiu, according ...

APRIL: our costs increased very much, which means that dairy products will get more expensive

Wednesday, November 14, 2018


The dairy products will get more expensive due to the increase of the transport costs,lack of road infrastructure and the increase of the minimum salary,which anyway was not budgeted for 2018,announced on Friday the chairman of the Employers’ Association in the Milk Industry (APRIL) Dorin Cojocaru, without mentioning a certain percentage.He sent a message to those who want to invest now in the milk industry: ‘think well and analyse the market,depending ...

Sanjeev Gupta’s Liberty Steel pledges EUR 300 mln investment in Galati Steelworks

Wednesday, November 14, 2018


British industrialist Sanjeev Gupta met with several government members and pledged to invest EUR 300 million to upgrade the Galati steelworks plant, which he recently bought through Liberty Steel in a transaction expected to be completed in early 2019. Gupta also pledged to create programmes to review investing into developing new industrial skills among young people to fuel economic growth, particularly in manufacturing heartlands, such as the Galati ...

Aerostar Bacau reports double net profit after first 9 months

Wednesday, November 14, 2018

Aerostar Bacau has reported a doubling of the net profit in the first 9 months of this year, to 59.82 million lei, as opposed to 26.98 million lei in the similar period of last year, according to a report sent by the company to the Bucharest Stock Exchange.In the period of January-September, the company recorded a turnover growth of 6.4 percent, from 223.79 million lei in the first 9 months of the previous year, to 238.16 million lei. Export sales were cut to ...

Telekom Romania reports performance indicators for Q3 2018

Wednesday, November 14, 2018

Telekom Romania group announced key performance indicators in the third quarter of 2018, ended September 30, 2018, as reported today by OTE Group. Consolidated revenues of Telekom Romania group in Q3 2018 reached EUR 226.7 million, down by 5.3% yoy, while adjusted EBITDA amounted to EUR 41.2 million, down by 4.2% yoy. Mobile revenues were up by 6.1% yoy to EUR 117.9 million in Q3 2018, largely reflecting higher revenues from ...

MedLife three-quarter turnover up 32 pct YoY

Wednesday, November 14, 2018

Private health service provider MedLife closed the first 9 months of 2018 with a pro forma turnover of 606.16 million lei, up 32 percent YoY; for 2019 the group management expects the figure to exceed 200 million euro, the company said in a release on Thursday.Based on an exchange rate of 4.6617 lei / euro, MedLife's three-quarter turnover amounts to approximately 130 million euro.The clinics and hospitals were the most dynamic, with these business ...

Fujitsu Siemens Gmbh is the Austrian company DNA prosecutors claim bribed Calin Popescu Tariceanu in the Microsoft licensing case

Wednesday, November 14, 2018

Calin Popescu Tariceanu’s fresh bribery acusations are related to the Austrian company Fujitsu Siemens Computers, which was a distributor of Microsoft licenses, according ...

Airbus signs 15-year collaboration contract with IAR

Wednesday, November 14, 2018


French group Airbus and IAR Ghimbav signed in Paris the definitive contract for an exclusive collaboration for a period of 15 years, a document whose principles were established in an initial agreement on August 2017, in Bucharest. Under the Definitive Collaboration Agreement, the IAR is the lead contractor for the H215M for any future order from the Romanian Defence Ministry aimed at replacing the aging fleet. Airbus was dissatisfied from time to time ...

Ford Romania seeking 1,700 new employees around Craiova

Wednesday, November 14, 2018

The management team of Ford Romania will meet with mayors of several localities in Dolj county, on a radius of up to 35 km from Craiova, to inform them that they will soon begin a new hiring campaign for the production of a new model, seeking a total of 1,700 new employees for the Craiova plant. Ford’s Craiova factory currently makes the EcoSport SUV, and the company announced in May that it will start working on a new model in ...

Microsoft Romania CEO: 80 percent of companies are having trouble with workforce

Wednesday, November 7, 2018

Microsoft’s Business Summit opened with the speech of Philippe Rogge, vice-president for the CEE region, who talked about the future of business in Romania and in the world, http://business-review.eu reports. Digitization and Artificial Intelligence are the determining pillars of change and it is very important for everybody to follow and adopt the changes if they are not to be left behind. The use of ...

Competition Council approves transaction between Unilever and Betty Ice

Wednesday, November 7, 2018

Unilever announced that the Romanian Competition Council approved the agreement for Betty Ice on the basis of its commitments, making Betty Ice became the newest member of the Unilever family. The Betty Ice Company was founded in 1994 by Romanian entrepreneur Vasile Armenean and has become the most important local ice cream producer in Romania with a total turnover of EUR 30 ...

Dr. Leahu Clinics to invest EUR 10 mln in network expansion over the next three years

Wednesday, November 7, 2018

Doctor Ionut Leahu, a dental implant specialist and owner of Dr. Leahu Clinics, is planning to allocate over EUR 10 million over the next three years to extend his clinic network in the country. The investment will target the opening of 20 new clinics and the purchase of the necessary equipment stock, but it could double if we take into account the acquisitions of ...

Insolvencies fall by 5.56pct, Jan.-Sept. 2018; suspensions, dissolutions up 13.11pct, 26.49pct

Wednesday, November 7, 2018


The number of firms and individuals facing insolvency fell by 5.56pct in the first nine months of this year compared with the similar period of 2017, to 6,083, according to data posted on the website of the National Companies Register Office (ONRC).Most of them are in Bucharest, 1,167, down 16.22pct over the same period of 2017. The next largest such insolvencies were reported for the counties of Bihor - 414 insolvencies (+ 17.95pct), Timis - 323 (+ 21.89pct), ...

Deloitte Consulting: Romanian companies are too shy in investing abroad

Wednesday, November 7, 2018

The Romanian companies are rather shy on going international, including state owned companies, and they should take advantage of opportunities like the sale of the port of Giurgiulesti, Moldova’s main gate for oil products, Razvan Nicolescu, a former Energy minister and currently energy consultant at Deloitte said at BR’s Foreign Investors Summit. “Romanian companies are rather shy on going international, including state owned ...

Food & beverages, entertainment to become the new anchors of retail centers

Wednesday, November 7, 2018

There are two new changes happening on the retail market. This is the second consecutive year without a new project in Bucharest and the anchor of a retail project is no longer the hypermarket, but the F&B (food and beverages) and entertainment areas. According to real estate consultant JLL, the total stock of modern retail space reached approximately 3.1 million sqm, resulting in a density of 151 sqm/1,000 inhabitants and more than 1.1 million sqm ...

Ceetrus Romania invests EUR 10 mln in expanding mall in North-Western Romania

Wednesday, November 7, 2018

Ceetrus Romania, the local subsidiary of French real estate investor Ceetrus, the former Immochan, will invest EUR 10 million in expanding its shopping center in Satu Mare, North-Western Romania. The new shopping gallery will have an area of 9,000 sqm and will help the project increase its number of tenants from 24 to 40. The work on this expansion should be completed at the end of the third quarter of 2019, ...

PepsiCo leases 27,000 sqm of new warehouses in Romania

Wednesday, November 7, 2018

Soft drinks and snacks producer PepsiCo has leased two new warehouses totaling 27,000 sqm of logistics space in Southern Bucharest, according to real estate consultancy firm Dunwell, which brokered the deal, quoted by romania-insider.com. The negotiations started in June and ended in October. The spaces were leased in logistics parks owned by CTP Romania and Helios Phoenix Group. The first transaction included 10,000 ...

Romania loses seven places in the World Bank’s Doing Business 2019 ranking

Wednesday, November 7, 2018

Romania went down seven places to 52nd in the World Bank’s Doing Business 2019 ranking, which analyzes the ease of doing business in 190 countries worldwide. Romania has a score of 72.3 points in the new ranking, down 0.53 points compared to last year, when it ranked 45th. “Romania made ...

Big companies in Arad use workers from India,  due to the crisis of the qualified work force

Wednesday, October 31, 2018


Several companies in Arad use, over the last year, workers from India, to complete their personnel schedule as there is no qualified workforce on the local market.A local company for recruitment specialised exclusively on bringing Indians to the western part of the country, especially for companies in the automotive domains and constructions which ‘work at catastrophe level’ due to the lack of employees. In Arad only,  on Monday there ...

Teraplast 9-mo net profit jumps 40%

Wednesday, October 31, 2018

Romanian plastic products manufacturer Teraplast Group [BSE:TRP] said on Tuesday its consolidated net profit rose by 40% on the year to 22.2 million lei ($5.4 million/4.7 million euro) in the first nine months of 2018. The company's consolidated operating result for the first three quarters of 2018 was 32.5 million lei, up from 19.2 million lei in the like period of 2017, Teraplast said in a financial statement. Teraplast's ...

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