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The first three countries in the top of the foreign investors in Romania in 2017

Wednesday, October 3, 2018

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The first three countries in the top of foreign investors in Romania had 51.3%of the balance of direct foreign investments (FDI) since the end of last year up to38.917 billion euro, a growth of 12.3% against the previous year, says the study presented by the BNR quoted by ‘Ziarul financiar’ daily news. In the top of the FDI balance on 31 December 2017 the first country is the Netherlands – with a share of 25.9% growing from 24.3% in ...

ONRC: 12,168 companies suspended their activity in the first eight months of 2018

Wednesday, October 3, 2018

The total number of companies which suspended their activity increased in the first eight months of this year with 21.16% against the similar period of 2017 from 10.043 companies to 12,168 companies according to the data centralised by the National Office of the Trade Register.The biggest number of companies which suspended their activity was registered in Bucuresti – 1,413 and in Bihor county – 657, Cluj – 557 and Prahova – ...

42,139 companies SRL-D functioned at the end of August

Wednesday, October 3, 2018

The number of limited liability companies, start-ups (SRL-D) in operation at the end of August amounted to 42 139, with 3.56% more than the same period last year, says the statistics published on The web the National Trade Register Office (NTC). In August this year were established 141 such companies, most in Cluj (18). Regarding all SRL-D set up in Romania were in August, 45 788 such companies, of which 3.649 radiated. Also, 1,342 companies ...

Competition Council authorised takeover of Argo Greece and Argo Romania by Alpla Pharmaholding

Wednesday, October 3, 2018

The Competition Council announced on Tuesday that it had authorised the transaction by which pharmaceutical distributor Alpla Pharmaholding, a member of Alpla Group, took over the manufacturer of rigid plastic packings Argo Commercial and Industry, Anonymous Society of Plastics from Greece (Argo Greece) and Argo Rom Plastics (Argo Romania). The decision will be published on the site of the competition authority, after eliminating confidential ...

Smart Start USA is launched, with USD 500 M for Romanian companies

Wednesday, October 3, 2018

The Smart Start USA programme with a 500-million USD budget to finance the Romanian companies that wish to extend to the US market was launched on Tuesday, the initiator and coordinator of the programme, Ilan Laufer, also Vice President for the relation with the US of the National Coalition for Romania's Modernization (CNMR) told a news conference.The said programme's main target is to create Romania's first ecosystem dedicated to the increase of the export and ...

German-Romanian Chamber of Commerce and Industry inaugurates in Cluj a branch for Transylvania region

Wednesday, October 3, 2018

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Problems related to the human resource, bureaucracy and lack of predictability are the most important facing the German investors in Romania, according to the President of the German-Romanian Chamber of Commerce and Industry AHK Romania, Dragos Anastasiu.He participated on Friday in Cluj Napoca in the inauguration of an AHK branch in Transylvania.According to the AHK representatives in Romania, Germany is one of the most important economic partners of ...

ONRC:About 24,000 companies dissolved Jan.-Aug. 2018, up 31.75 pct

Wednesday, October 3, 2018

The number of dissolved companies in Romania increased by 31.75 percent in the first eight months of 2018, to 23,958 companies, compared with 18,185 in the same period of 2017, according to data with the National Companies Registry Office (ONRC).Most dissolutions were recorded in Bucharest - 4,799 companies (plus 31.05 percent as against the first eight months of 2017) and in the counties of Timis - 1,256 (plus 38.63 percent), Cluj - 1,241 (plus 45.49 percent) and ...

Abris to sell Urgent Cargus, the #2 courier business in Romania

Wednesday, October 3, 2018

Abris Capital Partners, the Central & Eastern European private equity fund manager, has sold 100% of its shares in its Romanian portfolio company, Urgent Cargus S.A., to Mid Europa Partners, romaniajournal.ro informs. Abris CEE Mid-Market Fund II acquired Cargus in 2013, attracted by the growth potential of both the company and the sector in which it was operating. Two years later, Abris merged Cargus with one of its direct competitors, Urgent ...

Insolvencies fall by 2.48pct, Jan.-Aug. 2018; suspensions, dissolutions up 21.16pct, 31.75pct

Wednesday, October 3, 2018

The number of firms and individuals facing insolvency fell by 2.48 percent in the first eight months of 2018 compared with the similar period of 2017 to 5,615, according to data posted in the on the website of the National Companies Register Office (ONRC).Most of them are in Bucharest - 1,105, down 10.02 percent over the same period of 2017. The next largest such insolvencies were reported for the counties of Bihor - 386 insolvencies (+ 21 percent), Timis - 300 (+ ...

Real estate, banking, energy and retail sectors are the main investors in IoT technologies in Romania

Wednesday, October 3, 2018

Banks, oil and gas companies, retailers, and mall and office developers are the main Romanian investors in IoT technologies, http://business-review.eu informs. They are investing from EUR several thousand and up to over EUR 1 million in the integration of complex security systems infrastructure, according to the Global Technical Group, one of the largest technology integrators in ...

At Romania's Day in Zagreb, BVB discuss with Croation, Slovenian investors

Wednesday, September 26, 2018

Representatives of the most liquid companies listed on the Bucharest Stock Exchange (BVB) main market have discussed investment opportunities with institutional investors from Croatia and Slovenia during Romania's Day in Zagreb, according to a press release posted on the BVB."We are delighted that InterCapital had the opportunity to present the Romanian companies to the local investor community and we hope that the event will contribute to the increase in ...

Prime Kapital buys Teba Industry platform in Iasi

Wednesday, September 26, 2018

Real estate developer Prime Kapital, set up by Martin Slabbert and Victor Semionov, former managers of the South African investment fund NEPI Rockcastle, has acquired Teba Industry’s 10-hectare platform in Iasi, http://business-review.eu informs. According ...

UAE's Al Dahra to invest USD 500m in Romanian agriculture

Wednesday, September 26, 2018

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Al Dahra, a company under the control of the Emir of Abu Dhabi, has paid this summer about EUR 250 million to the Romanian entrepreneur Constantin Dulute to buy the Agricost company to take over the concession of the Braila Grand Island, the larger consolidated farm in Europe. Now, Al Dahra has announced it intends to invest further USD 500 million in Romania in the next five years, in various sectors, capital.ro reports in an exclusive feature. In ...

Apple to open own company in Romania

Wednesday, September 26, 2018

The US technology giant Apple, which in early August became the first American company to reach a capitalization value of a trillion dollars, has founded Apple Sales Romania SRL in August, romaniajournal.ro reports. The newly established company is controlled directly through the subsidiary in Ireland, the center of European affairs for Apple, ‘Ziarul Financiar’ informs. Thus, the US giant will be directly involved in the war on the local ...

AHK: German companies, concerned about the future, ask for investments in education, infrastructure and healthcare

Wednesday, September 26, 2018

The German companies operating in Romania are content with their current activity on the local market, but they are concerned about the developments in the upcoming years, said Dragos Anastasiu, president of the Romanian –German Chamber of Commerce and Industry (AHK) in a press conference on Thursday, quoted by romaniajournal.ro. AHK representatives argued that to be successful abroad, companies need a stable business environment and public ...

Alexandrion Group posts 25 pct turnover growth in the first semester

Wednesday, September 26, 2018

Alexandrion Group recorded an increase by 25 percent in turnover in the first half of the year, http://business-review.eu informs. The company sold over 5.245 million liters in the first semester, up from 4.4 million liters in the same period of 2017. “This spectacular growth in turnover only reflects the results of the long-term development strategy of the group. So, today, the entire company is focusing ...

Savills expects EUR 1 bln in real estate transactions in 2018

Wednesday, September 26, 2018

The year 2018 will most likely attract at least the same volume of investment as the previous year, of EUR 1 billion, according to Savills real estate research company quoted by http://business-review.eu. Investment returns remained roughly the same as in 2017, with office investment returns falling by 0.25 percent, while retail yields rose slightly by 0.25 percent. The fact that the products available on the market are more ...

Fondul Proprietatea concerned about draft proposing the exemption of state-owned companies from corporate governance

Wednesday, September 26, 2018

Fondul Proprietatea expresses significant concerns about a new legal draft, currently discussed in the Commitees of the Chamber of Deputies, which proposes the exemption of 100 major state-owned companies (SOEs) from the enforcement of corporate governance legislation currently in force, http://business-review.eu reads. Some of the most valuable Romanian SOEs, operating in vital sectors, are targeted, including: Hidroelectrica, ...

KeysFin survey: Romanian Insolvencies. Main causes, effects and perspectives for 2018

Wednesday, September 26, 2018

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The economic growth mirage risks blocking the business relations in Romania. The Business Barometer alerts on rising insolvency risks The Romanian economy risks more and more financial bottlenecks as the number of companies facing financial difficulties increases from month to month. This is the opinion of most business representatives questioned by Frames Media Network and KeysFin in a recent survey on local company ...

Brico Depot starts rebranding operations for Praktiker network

Wednesday, September 26, 2018

Brico Depot Romania, part of Kingfisher plc, began the process of rebranding Praktiker’s portfolio, http://business-review.eu informs. The acquisition, in 2017, of Praktiker strengthens Kingfisher’s position on the local home improvement market, becoming the number two in Romania, with a network of 38 stores and growth opportunities on the local market. The rebranding ...

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