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Cemacon’s turnover up by 48 percent in Q1 2019, to RON 31.8 million

Wednesday, May 22, 2019

The ceramic blocks producer Cemacon, owned by Dedeman, recorded a 48 percent increase in turnover in the first quarter compared to he same period of 2018, to over RON 31.8 million, while operating profit amounted to RON 17.38 million.   “The market context continued to be positive in the first quarter of 2019, with a good demand for masonry materials and a positive evolution in sales prices, also driven by ...

Digi Communications NV posts 20.8 pct revenue growth in Q1

Wednesday, May 22, 2019

Digi Communications NV published its financial results for the first quarter of 2019, announcing a 20.8 percent revenue growth compared to the same period of 2018, to EUR 281.2 million. Adjusted EBITDA was EUR 90.7 million, a 17.1 percent growth compared to Q1 2018. However, the company also reported a net loss of EUR 17.6 million, compared to a net profit of EUR 14.8 million in the first quarter of last year. The group’s total spending increased in Q1 2019 by 30.3 ...

Purcari Wineries closed Q1 with a net profit of 8.7 million lei

Wednesday, May 22, 2019

Purcari Wineries registered, in Q1 this year,  a growth of income with 29% as compared to the similar period of 2018 at 42.2 million lei, while EBITDA and net profit increased by 37% and 46% respectively up to 13.9 million lei and 8.7 million lei, according to a press release. ‘We are happy with the beginning of 2019. While Romania stays our biggest market and continues to register an excellent growth, we are especially encouraged by the ...

The profit of SIF OItenia in Q1 is 2.5 times higher than the similar period  of 2018

Wednesday, May 22, 2019


The society for financial investment Oltenia registered in Q1 this year a net profit of 7.513 million lei, 2.5 times higher than the similar period of last year, 2.95 million lei, according to the data sent on Wednesday to the BVB.The income from dividends of the society went up to 4.2 million lei ( 2.013 million lei in Q1 2018) and net gain of the differences of exchange rate was 6.418 million lei.On 31 March 2019, SIF Oltenia had total assets worth ...

JYSK to open 15 new stores per year, aiming to reach 135 units in Romania

Wednesday, May 22, 2019

Danish furniture producer and retailer JYSK is planning to open 15 stores per year on the Romanian market and eventually reach 135 stores across the country, according to economica.net. “Ever since we were taken over by JYSK Nordic and went from the franchise system to the parent company, in 2013, our strategy has been to be present in as many Romanian cities as possible. We currently aim to open ...

Dedeman set up equity fund to invest in SMEs

Wednesday, May 22, 2019

Brothers Dragos and Adrian Paval, the owners of Dedeman, a company estimated to be worth about EUR 2 billion, have announced that they are launching a new private equity fund called Equiliant Capital, which will invest in SMEs in Romania. The fund will be fully backed by Paval Holding, which has a social capital of EUR 1 billion and represents the largest direct ownership by Romanian entrepreneurs (60 percent by Dragos Paval and 40 percent by his ...

ALRO posts a consolidated turnover of over RON 767 M in Q1 2019 despite lower aluminium quotations

Wednesday, May 15, 2019

ALRO S.A., the vertically integrated aluminium producer, has announced its consolidated financial results for the first quarter of 2019, romaniajournal.ro informs. The Group’s turnover increased by 2.4% to RON 767.4 million in Q1 2019 compared to RON 749.2 million in Q1 2018. In the first quarter of 2019, ALRO Group registered a gross profit of RON 105 million (Q1 2018: RON 167 million) and an operating result (EBIT) of RON 59 million in Q1 2019 (Q1 2018: RON 101 ...

Vodafone Romania announced indicators for the year ended March 31st, 2019

Wednesday, May 15, 2019

Vodafone Romania has announced the key performance indicators for the year ended March 31st, 2019, as reported today by Vodafone Group Plc.The Service Revenue is at EUR 715.3 million and continues to grow on an underlying basis. The reported service revenues ...

Teraplast buys another 32 pct of Depaco-Wetterbest for EUR 5.1 million

Wednesday, May 15, 2019

TeraPlast Group, the largest construction materials manufacturer with Romanian capital, has paid EUR 5.1 million to increase its stake in Depaco by 32 percent, reaching a total of 99 percent. Depaco is a top player on the roof system market through its Wetterbest brand. As a result of the new contract, the total investment by TeraPlast into Depaco will exceed EUR 17 million. The EUR 5.1 million price for the additional 32 ...

In Romania,the 20-29 age group decreased by 33.6 percent between 1990 and 2018

Wednesday, May 15, 2019

In the context of a dramatic drop of Romania’s active population during 1990-2018, the workforce availability as well as access to public transportation are critical factors for developing industrial hubs. According to a study done by the Academy of Economic Studies at the request of Element Industrial, the age groups of 20-29 and 30-39 years old have registered a decrease of 33.6 percent and 19.6 ...

Survey: Salary, benefits - most important criteria for 70pct of Romanians when applying for job

Wednesday, May 15, 2019


The Chinese with Huawei and the Americans with IBM and Ford are the most wanted employers in Romania, and the most important criterion for Romanians in case of an employment decision is salary and extra-salary benefits, reveals the Randstad Employer Branding 2019 survey released on Friday.According to the cited source, depending on industries, the most desirable employers are: ING Bank (financial and banking industry), Coca-Cola (FMCG), Valeo (industrial ...

Telekom Romania posts decreasing revenues to 216.6 mln euro in Q1

Wednesday, May 15, 2019

The consolidated revenues of Telekom Romania Group decreased by 4.4pct in the first quarter of the year, compared to the same period in 2018, to 216.6 million euro, according to the company's financial data, published on Thursday.Earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 20.8pct to 26.2 million euro over the reference period.Telekom Romania's fixed service revenues dropped 12.2pct to 57.8 million euro, and voice ...

Deloitte 2019 Global Human Capital Trend report for Romania:Leaders need to understand new technologies

Wednesday, May 15, 2019

The most important things for Romanian employers are lifelong learning, developing leaders and improving employee experience, according to Deloitte 2019 Global Human Capital Trend report for Romania.  “The main concerns of Romanian employers are lifelong learning (90 percent of respondents) and developing leaders (84 percent), followed by improving the employee experience (78 percent). These results reflect the current challenges of the ...

Newly-established companies running on foreign capital, up 9.1pct in Q1; share capital, up 27.3pct

Wednesday, May 8, 2019

The number of newly-established companies running on foreign capital increased in the first quarter of 2019 by 9.1%, compared with the same period of the previous year, to 1,496 units, according to data centralized by the National Trade Register Office (ONRC).The 1,496 new companies had a subscribed share capital of 3.941 million dollars, up 27.3% over the January-March 2018 period.According to the cited source, between 1991 and 2018, 221,334 companies ...

În 2018, Zentiva Romania increased production capacity by 12.5%

Wednesday, May 8, 2019

Zentiva Romania has increased its production capacity by 12.5% at the factory in Bucharest last year, delivering over 100 million commercial units, a press release of the company announced. In 2018, the company reported a turnover of RON 461.4 million and a profit of RON 262.6 million, higher than the one obtained in 2017 due to Zentiva’s split from Sanofi. Zentiva also invested RON 27.72 million in the production and ...

Medicover Romania posts 41.2 pct revenue growth in Q1 2019

Wednesday, May 8, 2019

Swedish private healthcare provider Medicover, which operates in Romania through the Medicover clinic and Synevo laboratory networks, posted a global revenue growth of 23.3 percent in the first quarter of 2019 compared to the first quarter of the previous year, to EUR 199.7 million.  At group level, in Q1 2019, the Medical Services Division recorded a 28.1 percent revenue growth to EUR 102.9 million and 1.2 million subscriptions, a 14.5 percent ...

Romanian companies become more indebted and lose cash

Wednesday, May 8, 2019


Romanian companies have borrowed more money in March despite higher interest rates while their bank deposits declined, official data show. Compared to February, the bank loans granted to individuals and corporate clients in Romania rose by 1.2 percent in March up to RON 254.9 billion (EUR 53.6 billion), central bank data show. Both households and companies borrowed more money from banks last month. Bank ...

As of May, Governmen will start signing the contracts for Start-up Nation 2018

Wednesday, May 8, 2019

 The Government will start, in the first part of May, to sign the contracts with the first 200 companies that have already been checked within the Start-up Nation 2018 programme, Business Environment, Trade and Entrepreneurship Minister Stefan-Radu Oprea stated on Thursday at the Victoria Palace."The current situation of the Start-up Nation 2018: 6,688 projects and business plans have already been checked, 5,302 projects have been accepted so far, 458 ...

Deloitte: Romanian key employees can benefit from more fiscally favorable incentive plans compared to other countries in the region

Wednesday, May 8, 2019

The long term incentive plan called Stock Option Plan, based on which the employer grants equity in the company to its key employees, in certain conditions, is more favorable from a tax perspective than similar plans implemented in other countries from Central ...

More than 1.38 million entrepreneurs were registered in February this year

Wednesday, May 8, 2019

The number of shareholders and partners of companies in Romania has reached a historical all time high in early this year, more precisely counting for over 1.38 million entrepreneurs, according to findings provided by REGnet.ro for the National Trade Register Office, based on statistics conducted during January-February 2019. So, in February there were 1,380.391 entrepreneurs recorded in Romania, with 863,214 men and 517,777 women, which means more by ...

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