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Dent Estet posts a turnover of almost RON 35 mln for the first three quarters of the year

Wednesday, December 5, 2018

Dent Estet ended the first nine months of 20Analysis: 17,000 companies in the Romanian software industry generate EUR 5.4 billion in turnover and employ 106,000 people18 with a turnover of almost RON 35 million, a 19-percent increase over the same period of last year, http://business-review.eu reports. The highest shares in the nine-month turnover were represented by their dental prosthesis and implantology ...

Regina Maria opens a new medical center in Brasov

Wednesday, December 5, 2018

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The Regina Maria Health Network has opened a new medical center, Civic Center Brasov, following an EUR 600,000 investment. The new clinic is located in the proximity of the Brasov Medical Campus. Since the opening of the first Regina Maria clinic in Brasov, the healthcare network has invested over EUR 6 million in state-of-the-art technology and equipment. ”We started our business in Brasov in 2011 when we opened the first ...

Ford’s turnover in the first half of 2018 exceeded the whole of last year

Wednesday, December 5, 2018

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Ford Romania exceeded its total 2017 turnover in the first half of 2018, which was up 122 percent at about RON 5.4 billion, meaning that the company could soon become the second biggest exporter in Romania and one of the top five biggest companies at the local level, up from 17th place, http://business-review.eu informs. The American company has already started an investment program of ...

Maple Bear Canadian School to enter Romania with a new type of educational franchise

Wednesday, November 28, 2018

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Preparing children for lifelong learning, success and being global citizens has become the foundation of Canadian educational methodology, which makes Canada one of the world`s leader in education, romaniajournal.ro reports. This concept is becoming available for the first time in our region through Maple Bear Canadian schools and its new educational franchise model. They are designed to educate the whole child – physically, intellectually, emotionally, and ...

The top best employers of 2018 in Romania

Wednesday, November 28, 2018

The IT&C industry continues to top the employers ranking in Romania, with Microsoft Romania, Oracle Romania and Zitec ranking the first, second and third among the most appreciated companies by employees, romaniajournal.ro informs. Compared to last year, Microsoft Romania is climbing up one position, reaching the first position, while Oracle is climbing down on the second one. Zitec, a Romanian IT company, sees a remarkable rise in the employers’ ranking. Last year, the ...

Magurele laser project to attract researchers from around the world

Wednesday, November 28, 2018

The completion of the work on the ELI-NP (Extreme Light Infrastructure – Nuclear Physics) project, which involves the installation of the world’s most powerful laser in Magurele (Ilfov County) and its inclusion in a technical-scientific park, will lead to the creation of an international scientific research center and it will attract numerous high tech firms, according ...

Chicco Romania is relocating its street stores to malls

Wednesday, November 28, 2018

Chicco Romania has opened its eighth store in the country and its second one in a shopping centre, after changing their business strategy of relocating its street stores to the malls, romaniajournal.ro informs. So, the second Chicco store opened in a shopping centre is located in Bucuresti Mall, Vitan area and comes following a EUR 120,000 investment. The store is practically relocated from the former unit in 7 Ceaikovski street. The first Chicco unit opened in a mall is in Iulius ...

Volkswagen is considering Romania, Bulgaria and Turkey for the new factory for Skoda Karoq and Seat Ateca

Wednesday, November 28, 2018

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Volkswagen is planning to open a new factory in the Eastern Europe and the potential locations are Bulgaria, Turkey and Romania, according to Automobilwoche, cited by Agerpres, http://business-review.eu informs. The Volkswagen trade union in Germany is fighting for control over the new factory with Skoda, the Czech division that wants control since the new factory will produce Skoda Karoq and Seat Ateca. On November 18, Volkswagen AG head ...

EY Romania: About third of companies sponsor NGOs with over 100,000 lei in 2017

Wednesday, November 28, 2018

About a third of the Romanian companies (37pct) directed 2017 amounts in the form of sponsorship to non-governmental organizations (NGOs) worth over 100,000 lei, while 45pct ranging from 5,000 to 100,000 lei, according to a study by EY Romania, in partnership with the Association for Community Relations (ARC) and Hospice Casa Sperantei, presented on Thursday in a press conference.The study also shows that of the total number of companies that transferred over 100,000 lei to NGOs, ...

Aquila transport company could hit RON 1 bln business threshold this year

Wednesday, November 28, 2018

Aquila transport company, owned by Prahova county-based businessmen Alin Dociu ?i Catalin Vasile, could reach the RON 1 billion threshold this year after posting a turnover of RON 906.7 million last year. The company, with around 2,250 employees, posted a net profit of RON 10.1 million in 2017. During the first half of this year, the company registered a turnover of RON 441 million and could benefit from large end-year retail activity to enter into the RON 1 billion-league of ...

EU report: Romania’s SMEs haven’t yet recovered from the financial crisis

Wednesday, November 21, 2018

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Romania’s small and medium enterprises (SME) didn’t recover following the financial crisis as their employment is still bellow the level reached in 2008 and the number of major deals involving SMEs is negligible, according to the annual report on European SMEs released by the European Commission quoted by http://business-review.eu. EU-wide developments of SMEs are not evenly reflected in member states. In six member states the 2017 level of ...

Competition Council suspects atypical situation for cement producers in Romania

Wednesday, November 21, 2018

The Competition Council’s analysis of the cement production and marketing sector in Romania indicates an atypical situation, in which cement producers maintain their market shares approximately equal and stable over time, thus increasing the risk of emerging forms of activity coordination. Cement producers have already been fined almost EUR 30 million in 2005 for concerted practices of setting prices for cement ...

ARIR: 11 capital market representatives set up the Romanian Investor Relations Association

Wednesday, November 21, 2018

Companies listed at the Bucharest Stock ...

AdePlast’s turnover reached RON 373 mln in the first three quarters

Wednesday, November 21, 2018

Building materials manufacturer AdePlast registered a 9 percent growth on a 9-month period compared to the same period last year, with a turnover of RON 373 million, http://business-review.eu informs. The same positive trend was also found in exports, which maintained a share of 8 percent of the total turnover. All these growths are coupled with the development of the company as a ...

DONA recruits senior European pharmaceutical executive as Chief Marketing & Digital Officer and Member of the Board of Directors

Wednesday, November 21, 2018

Thomas Hofmann led Alphega network of independent pharmacies in Germany for five years, romaniajournal.ro informs. DONA pharmacy chain is strengthening its top management team by appointing Thomas Hofmann in the Management Committee. As Chief Marketing & Digital Officer, he will drive the marketing strategy and will coordinate the communication, branding and digital activities, in line with the business ...

Cumulated value of fines imposed by Competition Council exceed 1.2 million lei in January-June

Wednesday, November 21, 2018

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The Competition Council in the first six months of this year has a rich activity, with investigations in almost all the economy sectors, the cumulated value of the fines imposed by this authority accounting for approximately 1.226 million lei, according to the Report on the evolution of Competition in Key Sectors.In the first half of 2018, the Competition Council initiated eight investigations into possible violations of the competition law, as follows: horizontal ...

Vodafone Romania ups service revenues by 4.8% in Q3

Wednesday, November 21, 2018

Vodafone Romania, the second-biggest mobile carrier on the local market, recorded service revenues of EUR 183.6 million in the third quarter of this year, up by 4.8% compared to the same period of 2017, romania-insider.com informs. The organic service revenues decreased compared to the same quarter of the previous year by 0.8% as a result of the termination rate cut from 0.96 eurocents/minute, to 0.84 ...

US unicorn Tradeshift says its IT expansion will be headed from Romania as it plans to triple its local team

Wednesday, November 21, 2018

Tradeshift, a startup headquartered in San Francisco which became a unicorn earlier this year with a valuation of USD 1.1 billion, is planning a major expansion of its Romania IT center, according to Ziarul Financiar ...

Telekom Romania invests EUR 100,000 in ten local start-ups

Wednesday, November 21, 2018

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Telekom Romania announced the winners of WeAccelerate, the programme through which the company is supporting ten Romanian start-ups through benefits for business acceleration, worth EUR 100,000 in total, romania-insider.com informs. A total of 121 start-ups from various business areas joined the competition, and the ten winning start-ups were designated following a thorough selection process, the company said in a press ...

Vodafone Romania: Total revenues grew by 4.8% in the quarter 3

Wednesday, November 14, 2018

Vodafone Romania announced the key performance indicators for the quarter ended September 30th, 2018, as reported on Tuesday by Vodafone Group Plc. Vodafone Romania had 9,730,487 total customers at September 30th, 2018, remaining flat compared to the same period of last year. Out of the total number of customers, 8,990,849 were mobile customers. Vodafone Romania’s mobile ARPU is maintained at Euro 6.1 over the three months ...

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