Loading page...

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

Subscribe|Login

Companies

ONRC: Number of insolvencies down by 28.76 per cent in Q1 2019, to 3,196

Wednesday, July 17, 2019

The number of companies and certified natural persons facing insolvency went down by 28.76 per cent in the first quarter of this year, compared with the same period last year, to 3,196, according to data released by the National Trade Register Office (ONRC).Most companies and certified natural persons facing insolvency were recorded in Bucharest, 551 respectively, down by 38.57 per cent, compared with the same period of 2018, followed by the Bihor County - 240 ...

LafargeHolcim to acquire Somaco

Wednesday, July 17, 2019

LafargeHolcim, the leading player on the global construction materials market, has signed an agreement with ORESA for the acquisition of Somaco, one of Romania’s leading precast concrete producers. The transaction will allow LafargeHolcim to develop its position on the Romanian building materials market, where the company is already present in the cement, ready-mix concrete and aggregates segments, according to a statement by the ...

AFI Europe concludes pre-sales agreement for the purchase of the majority stake în Casa Radio Project

Wednesday, July 17, 2019

AFI Europe N.V. announces that it has signed a pre-sale agreement with Plaza Centers N.V. for the acquisition of 75% of the shares in the Casa Radio Project, for the price of ...

Romania posts the second lowest number of active companies in Europe

Wednesday, July 17, 2019

Romania has the second lowest number of active companies per thousand inhabitants in Europe, according an analysis of the financial-banking analysts in Romania. Overall, there are 500,000 active companies on the local market, with their number being relatively constant despite the economic growth in the past decade. Moreover, out of the total 500,000 firms, only 1,000 of them are concentrating about a half of the incomes ...

Competition Council analyzes takeover of Electroplast by Roca Platform

Wednesday, July 10, 2019

The Competition Council announced on this Tuesday that it was analyzing the transaction by which Roca Platform company, specialized in services for revitalization of Romanian business, took over the Romanian electric cable manufacturer Electroplast. At the end of June, Roca announced it had become the largest shareholder of Electroplast. “According to provisions of the Competition Law (no.21/1996), this operation is an economic concentration which exceeds value ...

iHunt Technology Import Export Ploiesti to list on the Bucharest Stock Exchange Aero Market

Wednesday, July 10, 2019

iHunt Technology Import Export Ploiesti, a mobile phone producer and importer, will list on the Aero market of the Bucharest Stock Exchange on Tuesday, thus becoming the first mobile phone online retailer and producer to list on the BVB. iHunt began its activity in 2015 with two employees, and by the end of 2018 it had reached 25 employees and a turnover of RON 24 million. “The company’s strategic objective is to become the largest direct importer of Chinese ...

Damen challenges auction on Multi-Functional Corvettes Programme

Wednesday, July 10, 2019

Dutch Damen has filed a complaint to the National Council for Solving Complaints, challenging the procurement on assigning the multi-functional corvettes programme to French Naval Group, and denouncing ...

Deloitte: The M&A Market regained its pace in the second Quarter of 2019

Wednesday, July 10, 2019

190710101615Mergers_and_acquisitions.jpg

The mergers and acquisitions market in Romania revealed a significant growth in the second quarter of the year, compared to the first quarter and to the same period in 2018 as well. According to Deloitte estimates, the total market value, including transactions with undisclosed value, has been between EUR 1.4 and 1.6 billion, while the value of disclosed transactions reached around EUR 790 million. “In the mergers and acquisitions market, the second quarter of the year has ...

Minister Oprea: Start-up Nation program has positively changed the mentality about entrepreneurs

Wednesday, July 10, 2019

The Start-Up Nation program and the success story of certain companies have changed the society's mentality about entrepreneurs, who were so far perceived as offenders, Minister for the Business Environment, Commerce and Entrepreneurship Stefan Oprea said on Monday, as he attended the opening of the Commercial Diplomacy Days, an event organized by the Ministry for the Business Environment, Commerce and Entrepreneurship in partnership with the Bucharest University of Economic Studies (ASE) ...

Survey: Romanians switch to a lower-paying job for other advantages

Wednesday, July 10, 2019

One out of five Romanians took at least once throughout their career a lower-paying job and two out of five would take a lower-paying job in exchange for other advantages they see as more valuable, a survey conducted by online recruitment platform BestJobs revealed. A more flexible schedule and the option of being able to work from home are the main reasons to switch to a lower-paying job for 22% of the respondents in the survey. A total of 21.7% would take a lower-paying job if they ...

Unilever to take over majority stake in Romanian food brand FruFru

Wednesday, July 10, 2019

 Unilever will take over the majority stake (75 percent) in Romanian premium fresh food company Good People, which sells products under the FruFru brand, according to ZF. FruFru was founded in 2006 by Mihai Simiuc, who will keep his minority stake of 25 percent, while the other investors (Sergiu Negut, Philip Hausmaninger, Johann Heubach, Maria Brujan, Marius Gavril) will exit the company. Unilever is the second largest player on the global ...

Viromet chemical plant resumes operations

Wednesday, July 10, 2019

Local investor Ioan Niculae resumed operations at one of the six chemical plants he owns. He said that the chemical plant Viromet will use imported natural gas, which is cheaper and more reliable compared to what he could have purchased from the domestic ...

Study: Recovery of receivables by Romanian companies takes 85 days on average

Wednesday, July 10, 2019

The average recovery time for accounts receivable for Romanian companies reached 85 days in 2018, according to the most recent data, down from 94 days in 2017, a Termene.ro analysis has found. The study was conducted upon the release of redBill, a tool that provides business transparency ...

BestJobs Survey: Less than half of candidates ask for more money during job interviews

Wednesday, July 3, 2019

Less than half of job candidates negotiate their salary at the interview, even though the amount offered by the company can usually be increased by up to 25 percent. Even fewer negotiate extra-wage benefits, according to the latest BestJobs survey. Almost a quarter of employers say that less than 10 percent of interviewees negotiate the salary they are offered, while nearly 40 percent say that between 10 percent and 50 percent of those interviewed do ...

Companies register 5% more  job applications in June

Wednesday, July 3, 2019

190703102153applicant_filling_online_job_application_450w_221707885.jpg

In June, Romanians continued to look for jobs, the total volume of applications for another job growing by 5% compared to the month of May. Jobs most in demand were in finance-accounting, transport, engineering and Business Process Outsourcing, according to BestJobs. A similar percentage was recorded in comparison to the previous year too. “For three months on a row, jobs in finance-accounting and transport fields hold the ...

Digital transformation to affect 600,000 jobs in Romania over the next decade, PwC report says

Wednesday, July 3, 2019

Over the next ten years, the digital transformation generated by new technologies will affect 600,000 jobs in Romania, according to PwC’s Workforce Disruption Index. According to the report, 325,000 new jobs will be created over the next decade, while another 275,000 workers will need to improve their digital skills, as automation and the introduction of artificial intelligence will gradually eliminate repetitive activities. “The report ...

Over 62,000 companies closed down in Romania by end-May 2019 – a negative record

Wednesday, July 3, 2019

Over 62,500 companies and PFAs (sole traders) were closed down in Romania in the first five months of this year, 75 percent more than last year, according to an analysis conducted by Sierra Quadrant. In the same period, more than 68,200 companies and sole traders were registered, according to the National Trade Registry Office. The number of closed firm is a negative record for the Romanian economy, an alarm signal ...

Medicover Romania opens new clinic in The Bridge office building

Wednesday, July 3, 2019

Private healthcare network Medicover in Bucharest has opened a new clinic in the Grozavesti-Orhideea area, in office building The Bridge, with an investment of EUR 1 million. The new clinic will provide 24 medical specialties and more than 80 experienced physicians, in a building that has a Premium Green certification. “The inauguration of The Bridge clinic is part of the Medicover ...

Thyssenkrupp opens new production plant in Sibiu

Wednesday, July 3, 2019

German industrial group Thyssenkrupp has opened a new automotive components factory in Sibiu, Romania, in which it has invested EUR 60 million. The new plant will produce dampers for automotive companies including Daimler, Jaguar Land Rover and Porsche. Thyssenkrupp has been making dampers in Sibiu since 1996, under the Bilstein brand. The new production unit is an extension of the existing factory and has created over 350 jobs, ...

Goverment passes bill legalising alternative transport services like Uber, Bolt

Wednesday, July 3, 2019

190703102355happy_taxi_driver_showing_mobile_450w_762617656.jpg

Alternative transport services such as Clever, Uber or Bolt have become legal in Romania after the Dancila government adopted an emergency order regulating these types of services, after months of legislative uncertainty faced by drivers using the ridesharing apps and protests by taxi drivers who claimed that the apps were unfairly competing on the passenger transport market. “We will establish a formula that will ...

Premium News

Daily

Monday, October 14, 2019

Financial & Banking

Monday, October 14, 2019

Economic

Tuesday, October 8, 2019

Companies

Wednesday, October 9, 2019

Energy & Environment

Thursday, October 10, 2019