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Only one Romanian company in Deloitte’s Fast 50 ranking 2018

Wednesday, October 17, 2018

Only one Romanian company was included this year in Deloitte’s Technology Fast 50 Central Europe ranking of the most dynamic IT companies in the region, down from three in 2017, four in 2016 and ten in ...

Saint-Gobain reopened the EUR 5 mln. Fiberglass mineral wool from Ploiesti

Wednesday, October 17, 2018

The Saint-Gobain Group in Romania announces the resumption of production at the Fiberglass mineral wool line at the Isover plant in Ploiesti, following an investment of EUR 5 million, http://business-review.eu reports. After a massive technological upgrading, the glass fiber mineral fiber production line re-opened in August almost two years after the temporary cessation of activity, creating 50 new direct jobs and ...

Medicover completes acquisition of Phoenix Medical Center

Wednesday, October 17, 2018

Medicover has completed the acquisition process of the Phoenix Medical Center, a network of eight private medical units offering services in the Oltenia area, http://business-review.eu/ informs. As a result of this transaction Medicover expands its presence in a region with a high potential for growth. This is the third largest transaction of the Swedish group in Romania this year after the Pelican Hospital in Oradea ...

Jumbo reaches EUR 100 million in sales in Romania

Wednesday, October 17, 2018

Greek toys and decorations retailer Jumbo increased its sales in Romania by more than 53 percent in the fiscal year ended on June 30, up to EUR 100.6 million, http://business-review.eu reports. Its Romania activities contributed to about 13.4 percent to the group’s sales. In the 2017-2018 fiscal year, ended in June, Jumbo had a pre-tax profit of EUR 33.45 million – almost 58 percent higher than the profit ...

Women make up slightly more than a third of Romanian shareholders

Wednesday, October 17, 2018


According to data from the National Trade Registry Office (ONRC), there were 496,970 women who were shareholders or associates in Romanian companies – a 37.23 percent share of the total shareholders in the country. In the 904,337 companies in Romania, 837,976 shareholders were men. In terms of regions, the data showed that Tulcea County had the highest share of women shareholders, with 41,25 percent (of the 6,996 companies), while the lowest number of female ...

Number of newly set up foreign capital companies down 5.14 pct, 8 months in

Wednesday, October 17, 2018

 The number of newly set up companies running on foreign capital in Romania went down by 5.14 percent in the first eight months of 2018, compared with the same period of the previous year, to 3,748 units, according to data with the National Companies Registry Office (ONRC).The 3,748 new companies had a paid-up capital of more than 38.8 million US dollars, up 13.8 YoY.According to ONRC, there were 411 startups running on foreign capital, founded in August, most of ...

PwC Survey: No authority in place in Romania directly tasked with coordinated implementation of economy digitization strategy

Wednesday, October 17, 2018

Romania doesn't have an authority in place that is directly responsible for the coordinated and consistent implementation of the economy digitization strategy, concludes a Survey on national digital governance by PricewaterhouseCoopers (PwC) presented on Thursday at a specialist conference organized by the Romanian Banks Association. According to the document, the implementation of digital governance has been negatively influenced by existing legislation gaps, as national ...

Policolor will double production capacity with new factory

Wednesday, October 17, 2018

Policolor, one of the biggest varnishes and paints producers in Romania, will increase its production capacity 2.3 times with the opening of a new factory in Western Bucharest. The new unit, which requires an investment of EUR 5.4 million, should be completed in April 2019. It will be located on a land plot of 2.5 hectares on Timisoara Boulevard, in the western side of the city. The new factory will increase the company’s production capacity from 11,000 tons to 26,000 ...

Over half of the biggest 100 SEE companies are from Romania

Wednesday, October 17, 2018


Romania has 51 companies in the ranking of the biggest 100 companies in Southeastern Europe (SEE), based on 2017 revenues, romania-insider.com informs. Slovenia has 13 companies, Serbia has 12, Croatia – 11, Bulgaria – 10, Bosnia – 2 and Macedonia – 1. Romanian car maker Dacia maintained its top spot in this ranking, with a turnover of EUR 5.02 billion, up by 12% compared to 2016. Dacia has been first in this ranking ...

Delphi Technologies, big producer of auto parts, opens an IT centre in Bucharest

Wednesday, October 10, 2018


A company producing propulsion systems for the automotive industry -Delphi Technologies opened the first IT center in Bucharest, with 150 employees, which will provide services for the company's technology centers, factories and support service divisions of the company. "The Bucharest team will develop innovative technical solutions and services to support more than 20,000 employees worldwide," said Edward Mandic, Vice President and Chief Information ...

The business people in Hong Kong interested in the IT&C sector in Romania

Wednesday, October 10, 2018

The business people in Hong Kong are interested by the IT&C of Romania state the officials of the Chamber of Commerce and Industry of Bucharest (CCIB) which organised in the capital city an economic mission to facilitate an exchange of ideas and information.The economic  mission organised by the Chamber of Commerce Hong Kong of China (HKCCC) was led by Warren Law, executive manager of COV Capital Group, investment company with offices in Beijing Hong ...

Report: About 1.5pct of Romania's economically active population work in outsourcing industry

Wednesday, October 10, 2018


The outsourcing industry is employing approximately 125,000 persons in Romania, which is about 1.5 percent of Romania's economically active population, according to the annual report of the Association of Business Service Leaders Romania (ABSL) released on Tuesday at the sixth edition of the ABSL annual conference "Romania at the Forefront of Innovation".The study conducted by ABSL together with KPMG estimates that the outsourcing industry generated revenues of ...

Dacia increases production in Romania by 4.6 pct in Jan-Sep to 242,602 cars

Wednesday, October 10, 2018

Romanian carmaker Dacia, controlled by French group Renault, has increased its production at the local plant in Mioveni by 4.6 percent in the first nine months of this year compared with the same period of 2017, up to 242,602 vehicles, according to the Association of Automobile Constructors in Romania (ACAROM) quoted by http://business-review.eu. The model with the highest production was Dacia Duster (166,087 units), followed by Dacia Sandero (35,371 ...

Romania is losing its lohn auto and textiles companies în favour to Republic of Moldova, Macedonia or Serbia

Wednesday, October 10, 2018

The companies working in a lohn system have started to leave Romania, and they are choosing The Republic of Moldova, Macedonia or Serbia, says Valentin Malaescu, the CEO of packaging and relocation company Modpack. He believes that under the current wage pressures, in 5-10 years Romania’s lohn industry in automotive and textiles will no longer be competitive.  ”There are many signals that factories working in lohn, generally in the ...

Study: Romanian companies lower forecast regarding turnover, profit and investment in 2018

Wednesday, October 10, 2018

Romanian companies have adjusted downward their estimates regarding turnover, profit and investment in this year as a consequence of higher costs and difficulty to find workers, according to a study released by Valoria. The study is based on answers from 475 managers operating in 14 major sectors. According to the study, 29 percent of companies expect their turnover to increase by 5-10 percent this year against 2017, while 30 ...

Statistics: 1.7 mln people work in agriculture to produce 4.4 pct of GDP while the 200,000 employed in IT&C add over 5 pct to national income

Wednesday, October 10, 2018

Romania’s workforce is severely unbalanced as more than 1.7 million people work in agriculture with very low productivity, while other 200,000 contribute more to the gross domestic product (GDP) by working in high value-added IT&C sector. According to an official report released by the National Institute of Statistics, 1.74 million people, representing 20.8 percent of Romania’s total workforce (8.37 million), worked in agriculture at ...

Alro continues the USD 61 mln investment programme

Wednesday, October 10, 2018

Alro, one of Europe’s largest vertically integrated aluminium producers by capacity, continues its USD 61 million investment programme for 2018, focusing on extending the client portfolio, enhancing the quality of hot rolled products and reducing energy dependency. ”We continue to implement our complex investment strategy, which covers three major areas: products quality and production mix with a focus on sophisticated markets, operational ...

One in four Romanian employers planning to recruit students between October and December

Wednesday, October 10, 2018

One in four Romanian employers are planning to recruit students between October and December 2018, according to the most recent study by HR platform BestJobs, http://business-review.eu informs. Currently, 58 percent of employers say that up to 5 percent of their employees are still students, while in the case of 22 percent of employers, one in five employees is a student. Half of employers estimate that they ...

Vardinogiannis Group Oks social capital increase of Marfin Bank by EUR 30 M

Wednesday, October 10, 2018

Vardinogiannis Group has concluded the process of increasing the social capital of Marfin Bank by EUR 30 million, with the aim of supporting the bank’s growth on the local market. At the same time, the bank has fully paid back the loan subordinated to the Bank of Cyprus, following the go-ahead granted by the National Bank of Romania. “We believe in the local market’s potential and we are determined to ...

Gov't adopted GEO on insolvency procedure: We believe constitutional exigencies were met

Wednesday, October 3, 2018

The Government on Thursday adopted an emergency ordinance (GEO) on the modifications brought to the law regarding the insolvency procedure, Minister of Justice Tudorel Toader has made the announcement at the Victoria Palace, specifying that "the constitutional exigencies were met" by this normative act."We adopted the emergency ordinance regarding the modifications brought to the law regarding the insolvency procedure. (...) The economic, social, cultural life has ...

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