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Dragos Anastasiu, re-elected head of the Romanian-German Chamber of Commerce and Industry

Wednesday, October 21, 2020

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Dragos Anastasiu has been re-elected President of the Romanian-German Chamber of Commerce and Industry (AHK Romania), and the new Vice-Presidents are Andreas Lier and Christian von Albrichsfeld.According to a press release of AHK Romania sent to AGERPRES on Thursday, the General Assembly of the members of the Chamber of Commerce took place on Tuesday, and the Romanian-German business community elected its members in the Board of Directors.Along ...

Avi Compact, 10 percent increase in turnover for this year

Wednesday, October 21, 2020

Avi Compact, the most important distributor of Daikin products in Romania for 14 years, announces an increase in the turnover for the first six months of this year. Last year, the company had a turnover of about EUR 7.5 million.   The residential segment contributed with 60 percent to the turnover in the first part of this year. Due to the Covid-19 pandemic, split systems registered a significant ...

Survey: Most of the companies continue to hire people and expect to get in a better shape during 2021

Wednesday, October 21, 2020

Nearly three-quarters of landlords and tenants in the office market believe that the Covid-19 epidemics will continue to affect their operations and the overall business evolution will become satisfactory either in the second half of 2021 or in 2022, according to a survey conducted by Colliers International among more than 100 tenants and landlords on the Romanian office market.   While most tenants expect that at least 50% ...

Competition Council's head: Sanctioned companies to be allowed to participate in tenders, if plead guilty, take measures

Wednesday, October 21, 2020

Companies sanctioned for rigging public tenders can get rid of the ban on participating in such procedures for three years if they plead guilty, cooperate with the competition authority and take measures to stop violating the law in the future, Bogdan Chiritoiu, head of the Competition Council (CC) said on Wednesday.He participated in the online conference "Pria Competition in Constructions.""Public procurement law says that if a company has been ...

PwC’s global survey : 80% of companies anticipate remote work as the new norm on the labour market

Wednesday, October 14, 2020

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Most companies (80%) respondents to PwC’s global survey ”The future of remote work” shows that adopting remote work is the new norm on the labour market, and over 53% currently have created and implemented arrangement policies in this respect. Of the remainder (47%), more than 50% of companies anticipate that they will refine or implement a remote work arrangement policy by the end of 2020. The top three priorities for enabling remote work arrangements are ...

Castrol: 8000 independent services are active on the Romanian market

Wednesday, October 14, 2020

There are 8000 independent services operating on the Romanian market, according to Castrol Romania and the number of services in the Castrol SERVICE network amounts to 220.  According to Castrol, among the biggest needs the entrepreneurs who have a service in Romania face are the need to recruit good staff, especially car mechanics, access to know-how and management systems.  In this context, Castrol has launched a comprehensive engine warranty ...

Employees appreciate companies including self-discovery programs in their benefit mix

Wednesday, October 14, 2020

The consulting company Valoria  has launched the self-discovery program called Experience Clarity. The program runs online and is aimed at people who want to overcome their fears, limitations, procrastination using their own mind mechanisms and emotional intelligence. The decision meets a new trend in employee benefits for employees.  According to a flash survey conducted by the Valoria team between June 22 and September 22, 2020, the personal development ...

Simina Leotescu joins Minthical as Managing Director

Wednesday, October 14, 2020

Minthical, a full-service international communications agency with offices in Switzerland, Romania and The UK, is delighted to announce the appointment  of a key member of its management team. Simina Leotescu has joined ...

Posta Romana conclude financial agreement with EximBank

Wednesday, October 14, 2020

National Company Romanian Post (CNPR) has concluded a financing agreement worth of RON 200 Million with EximBank, which won the competitive procedure organized by the company and entered by several banks. The financing provides the necessary resources for starting the most extensive investment program in the last 40 years aiming at upgrading services and going digital. The ceremony of signing the financing agreement by Horia Grigorescu, General Director of CNP and ...

Sphera Franchise Group appoints Calin Ionescu as Chief Executive Officer

Wednesday, October 14, 2020

Sphera Franchise Group (“Sphera”) announces the appointment of C?lin Ionescu as Chief Executive Officer, for a mandate of two years and seven months, ending on May 1, 2023. C?lin Ionescu had been interim Chief Executive Officer starting with April of this year. The decision to appoint and validate him for a consolidated mandate was made at the October 8 meeting of the Administration Board.   “I am honoured to be appointed as Chief ...

Impact Developer & Contractor continues its national expansion and enters the real estate market in Iasi

Wednesday, October 14, 2020

Impact Developer & Contractor, Romanian real estate developer listed on the Bucharest Stock Exchange, enters the real estate market in Iasi through the acquisition of a 19,068 sqm land plot. The transaction marks a major step in the developer’s strategy for implementing Greenfield and LUXURIA living standards in large cities throughout the country.   The land is located in Copou area, known as one of the most attractive ...

EY Romania has a new partner within the EMEIA tax centre

Wednesday, October 14, 2020

Ana-Maria Voicu Domsa is the new Partner of EY Romania within the EMEIA Fiscal Center (EMEIA Tax Center). In this role, she will coordinate, together with other partners, the work of the reporting and compliance indirect tax team within the EMEIA Fiscal Centre. “Ana Maria’s performance in developing complex solutions for our global customers recommends her for this new role. I am confident that the experience gained will ...

Lion’s Head Investments: Anca Simionescu is the new country manager In Romania

Wednesday, October 14, 2020

Lion’s Head Investments has announced the appointment of Anca Simionescu as Country Manager in Romania, responsible for the implementation of the Group’s strategy in the country.  “I look forward to leading and enabling our team in building a great foundation for our value driven investments on the local market”, said Anca Simionescu, Country Manager Lion’s Head ...

Straumann Group takes over Artis Bio Tech

Wednesday, October 14, 2020

The Swiss company Straumann Group, world leader in dental rehabilitation solutions, present in Romania through it’s local subsidiary Straumann Dental, announces the full takeover of Artis Bio Tech. The value of the transaction was not disclosed. Artis, a reliable partner of Romanian professionals in the field of dental implantology, has 15 years of experience in the distribution and promotion of dental implant ...

iQuest continues its activity in Romania under the Nagarro brand

Wednesday, October 14, 2020

Nagarro, a global leader in digital engineering and technology solutions, and the international software development company based in Romania iQuest have finalized their transition following the merger announced in August this year. Both companies are owned by the German group Allgeier SE. After the transition period started a few months ago, Nagarro Romania will have mixed teams – employees from both iQuest & Nagarro – working on projects, both in engineering ...

Renault relocates Dacia Sandero production to Morocco

Wednesday, October 14, 2020

Renault has confirmed the information according to which the production of Sandero hatchback will be relocated from the Mioveni plant to Morocco, reports Profit.ro. Mark Suss, ...

Competition Council: Trust Motors can purchase company to take over Opel activity in Romania

Wednesday, October 7, 2020

The Competition Council announced on Monday that it had authorized the transaction by which Trust Motors, controlled by businessman Gheorghe Dolofan intended to take over Opel Automotive R SRL, a company set up to take over the entire activity carried out by Opel in Romania.   “Following the analysis, the Competition Council found out that this operation does not raise significant obstacles in front of competition in the Romanian market and there ...

TeraPlast requests state aid for 50% of a 7.9 million euro investment project

Wednesday, October 7, 2020

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TeraPlast, a PVC pipe manufacturer wants to purchase performing equipment and raise new constructions, as part of a 7.9 million euro project for which it requested 50% state aid.   The overall value of the project is 7.9 million euros, of which 50% state aid. The project has in view the extension of manufacture capacity of the Installation business line, the portfolio of pipes and fittings. The implementation of the project will be ...

Study: 57% of small and medium companies in all sectors recorded order or contract cancellations due to pandemic

Wednesday, October 7, 2020

57% of small and medium companies in all sectors recorded order or contract cancellations because of the pandemic, while 35% of small companies showed the pandemic had a significant impact on demand and incomes, a study made by Vodafone Group shows. According to it digitization was a key factor which determined the crisis effect on small companies.   Vodafone recently presented a study which involved 1,200 small and medium companies from several ...

Number of suspended businesses down by almost 27 pct in first eight months of 2020 (ONRC)

Wednesday, October 7, 2020

The number of companies that have suspended their activity decreased, in the first eight months of 2020, by 27.41% compared to the similar period of 2019, reaching 7,104, according to data published by the National Companies Registry Office (ONRC).Most companies that suspended their activity between January and August 2020 were from Bucharest, respectively 734 (down 24.49% compared to the same period in 2019), followed by the counties of Cluj, with 480 suspended companies (down ...

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