Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Companies

 Impaq Spolka of Poland takes over Romanian software company Vauban

Wednesday, January 30, 2019

A minority, nearly insignificant shareholder in Romanian software company Vauban, Impaq Spolka of Poland, purchased the stakes of ten other shareholders and increased its stake to 99.9%, ...

Arctic to hit EUR 1 bln in revenues

Wednesday, January 30, 2019

Romania’s home appliance manufacturer Arctic, controlled by Turkish group Arcelik, will start the production of washing machines this year at its new factory in Ulmi, near Targoviste, which might help the company double its turnover toward EUR 1 billion according to estimates ...

PwC Report: 38% managers in Romania consider global economy will slow down growth

Wednesday, January 23, 2019

190123094641slow_down.jpg

About 30% of business leaders consider that the global economic growth rate will drop in the next 12 months, 6 times more than the 5% recorded last year, a record jump of pessimism, according to a report published on Tuesday by PwC. In Romania, 38% of managers consider that global economy will slow down its growth. The annual CEO Survey was carried out by PwC at global level, on a sample of over 1,300 managers and launched at the annual meeting of the ...

Study: 5 out of 10 employers eye lay-offs

Wednesday, January 23, 2019

190123094730termination_110302_960_720.jpg

Almost 5 out of 10 employers would proceed to lay-offs, according to a survey conducted by the National Council for Small and Medium Sized Companies (CNIPMMR). The managers say they cannot pay the minimum wages increased since January 1, whereas the managers of hotels and restaurants contemplate increasing the tariffs. CNIPMMR President Florin Jianu says the employers cannot go further because they don’t have where to transfer the higher costs. ...

ManPower: Robots will be your colleague but also your replacement in Romania

Wednesday, January 23, 2019

Robots will not replace humans at global scale with the exception of a few countries including Romania, according to a ManPower report quoted by http://business-review.eu. The report “Humans Wanted: Robots need you” indicates that more employers than ever anticipate increasing or maintaining their workforce as a result of automation – up from 83 percent to 87 percent in three years. At the same time, the share ...

Six companies, including a big Japanese group , fined by the Competition Council for rigging tender

Wednesday, January 23, 2019

The Competition Council has fined six companies for anti-competitive practices in Romania, including a Japanese world communication technology group, romaniajournal.ro reads. The fine, worth RON 9 million (around EUR 2 million), has been applied following an investigation kicked off at the end of 2015, after Ancom 96 company had filed a complaint. The Competition Council determined that six companies had struck a deal with the aim of restricting the ...

Bulgarian businessman says he’s in talks to take over Telekom Romania

Wednesday, January 23, 2019

The main shareholder of Bulgarian Telecommunications Company (BTC), Spas Rusev, and the Bulgarian entrepreneur Elvin Guri will buy Telekom Albania, according to capital.bg, who also writes that Rusev intends to buy Telekom Romania. The Albania transaction will cost EUR 50 million and it is financed by the Albanian branch ...

Gov't: Garantees cap for 2019 "Invest in Yourself" programme - 1 billion lei

Wednesday, January 23, 2019

The maximum level of guarantees that can be issued this year within the programme "Invest in Yourself" will be of 1 billion lei, according to a decision of the Government approved on Thursday.According to this project's substantiation note, the maximum level of guarantees to be issued in 2019 will be of 1 billion lei, as decided "after the consultations with the National Commission of Strategy and Prognosis and considering the expected success of the programme in ...

Construction firms to register up to 28 pct higher costs due to new wage regulation

Wednesday, January 23, 2019

The Romanian construction companies will register higher costs due to the emergency ordinance 114/2018 addopted by the government at the end of last year, as their wage costs will significantly increase, according to a study released by consultant firm Cromwell Evan Global. The costs of construction companies will increase with 5 percent up to 28 percent starting from the begining of this year, depending on the number of employees and the share of ...

Bittnet founders sell 14% of the company to complete takeover

Wednesday, January 23, 2019

The founders of local software company Bittnet Systems, Cristian and Mihai Logof?tu, sold 14% of the company’s shares in special deals on the Bucharest Stock Exchange’s alternative trading system AeRO on Wednesday, January 16. They made RON 8.05 million (EUR 1.72 million ) from the sale, which translates into a valuation of EUR 12.1 million for the whole company. According to the notification they sent to the market, ...

Daimler to start production of new type of gearbox at Romanian plant

Wednesday, January 23, 2019

German Daimler Group, which has a gearbox factory in Romania, will begin production of a new, eight-speed gearbox for Mercedes-Benz cars at its local subsidiary Star Assembly in Sebes. Star Assembly is Romania’s second largest exporter. The group launched the 9G-Tronic gearbox factory in Sebes, central Romania in 2016, after a EUR 300 million investment. The company’s representatives will celebrate the new stage in ...

Dacia car registrations in Europe, up 12% in 2018

Wednesday, January 23, 2019

The number of Dacia cars registered in the EU increased by 12% last year to 519,088 units amid weak market, with the brand reaching a market share of 3.4% (up from 3.1% in 2017), according to the Romanian Automobile Manufacturers Association (ACAROM) and the European Automobile Manufacturers Association (ACEA). In December, 39,692 Dacia cars were registered in Europe, down 2.9% compared to the same month in 2017, but the decline was lower than that of ...

Study: More and more Romanian employees want to change their job over wage discontent

Wednesday, January 23, 2019

190123094929career_change.jpg

Two in five Romanian employees say they are discontent with their current professional situation and that they consider to change their job this year. One in five employees even consider a career change, admitting they work in a totally unfit field, reads a BestJobs poll, as quoted ...

Deloitte: Intense activity on the Romanian M&A market in 2018

Wednesday, January 23, 2019

The Romanian M&A market neared EUR 2 billion in 2018, according to Deloitte Romania research, based on public sources and disclosed deal values, romaniajournal.ro reads. If estimates for deals whose value was not disclosed were factored in, Deloitte estimates that the Romanian M&A market was somewhere between 3.8 and EUR 4.3 billion, slightly below the previous year. “We witnessed a slight diminution of M&A activity in 2018, after ...

Romanian constructors hit probably the worst post-crisis year in 2018

Wednesday, January 23, 2019

The construction works volume in Romania decreased by 4.9% last November, compared to the same month in 2017, the statistics office INS informed. In the January-November period, the volume of construction works contracted by 4.1%. The activity of the construction companies will therefore decline for the third year in a row and hit the lowest level post-recession, after their output contracted by 5.6% in 2017 and 4.4% in ...

Insolvencies - down 6.5pct, Jan.-Nov. 2018

Wednesday, January 16, 2019

1901161046419_iasi_conexiuni_la_autostrada.png

Insolvencies of trading companies and self-employed persons declined by 6.54 percent between 1 January and 30 November 2018 to 7,716, compared to the similar period of 2017, shows data published on the website of the National Trade Register Office (ONRC).Bucharest tops the list with most insolvencies - 1,514, down 16.68 percent compared to the same period of 2017, followed by Bihor County with 521 (+ 11.90 percent), Timis County with 412 (+16.38 percent), Iasi ...

EIB and Garanti Bank join forces to support businesses run by women in Romania

Wednesday, January 16, 2019

The European Investment Bank (EIB) is lending EUR 22.3m to Garanti Bank Romania to support businesses in Romania. EUR 5m of the loan amount is devoted to female entrepreneurs, matched by another EUR 5m from Garanti Bank.  This transaction is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, or “Juncker Plan”. It is expected that the overall loan will benefit some 260 SMEs and mid-caps and ...

Molex USA consolidates its presence on the Romanian market

Wednesday, January 16, 2019

Molex Electronic Technologies, LLC, a leading global manufacturer of electronic solutions, acquired in a multi-jurisdictional transaction the Connected Vehicle Solutions (CVS) Division of Laird Limited, with offices in Bucharest. bpv Grigorescu Stefanica business law firm acted as local counsel for Molex USA, one of the most successful global manufacturers of electronic components, in the acquisition of Laird Group’s Romanian subsidiary, ...

Amazon to add 5,000 sqm of office space in Iasi

Wednesday, January 16, 2019

Giant online retailer Amazon will expand its Iasi offices by another 5,000 sqm starting the end of 2020, reaching a total of 18,000 in the city, according to zf.ro quoted by http://business-review.eu. As it awaits ...

TeraPlast names Marian Pîrvu as General Manager of Depaco

Wednesday, January 16, 2019

Marian Pîrvu has taken over the position of general manager of Depaco as of January 2019. Depaco is  one of the local leaders on the metal tile market, known as Wetterbest brand, romaniajournal.ro reports. TeraPlast Group, the largest processor of PVC in Romania and one of the main manufacturers on the constructions and installations ...

Premium News

Daily

Friday, April 19, 2019

Financial & Banking

Monday, April 15, 2019

Economic

Tuesday, April 16, 2019

Companies

Wednesday, April 17, 2019

Energy & Environment

Thursday, April 18, 2019