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KPMG study : Big data needs a big re-think: consumers are more anxious, but businesses can restore trust with greater transparency

Wednesday, December 19, 2018

Global KPMG study of 25,000 consumers reveals that we are embracing new technology, but are concerned about the types of data held by businesses. Three-quarters of consumers are willing to share their data, but over half are concerned with identity theft, and almost three-quarters don’t trust anyone with their social media data. According to a study released recently by KPMG International, consumers are more ...

Vodafone Romania, OMV Petrom, Banca Transilvania and Auchan: Top best employers in 2018

Wednesday, December 19, 2018

Vodafone Romania, OMV Petrom, Banca Transilvania and Auchan are considered the best employers in 2018, according to a survey conducted by the BestJobs recruiting platform, after assessing 100,000 employees. The BestJobs top ranks the employers by the evaluations of their own employees. Romanian employees have granted marks from 1 (lowest level of satisfaction) to 5 (highest level of satisfaction) to the companies they work for, based on criteria such as degree of satisfaction at ...

Deloitte study: What are the expectations of the employees and how can the employers adapt to the new trends?

Wednesday, December 19, 2018

Demographic and technological changes are the two major trends that transform the workforce, according to the Deloitte study “Voice of Workforce in Europe”, which reached out to more than 15,000 people from ten European countries, namely France, Germany, Italy, the Netherlands, Poland, Spain, Sweden, Switzerland, Great Britain and Romania. Demographic trend. The decline in birth rates and the late entry of young people into the labor market lead to a ...

Fondul Proprietatea asks full transparency and safeguards against potential conflict of interest in the board of Portul Constanta

Wednesday, December 19, 2018

Fondul Proprietatea has voiced its disapproval of the lack of transparency from the Ministry of Transport, as majority shareholder who proposed the revocation and appointment of members to the Board of Directors of Portul Constanta, without providing any information or supporting documents to the minority shareholder. Shareholders will express their vote on this proposal during the GSM scheduled on 17 December 2018. FP says that the Ministry of Transport has not disclosed the ...

EY: Economic growth in emerging markets still facing corruption-related challenges

Wednesday, December 19, 2018


In the past five years, emerging markets have seen significant changes and a strong development, having become centres of economic strength and stimulating global development, http://business-review.eu reads. However, changes in regulation and a more intense fight against corruption are changing perspectives when it comes to risks, according to an analysis by Simona Radu, Associate Partner, Forensic & Integrity Services at EY Romania. ...

Blue Air expects 10 pct turnover growth in 2018, to EUR 460 million

Wednesday, December 19, 2018

Blue Air estimates its 2018 turnover at EUR 460 million, a growth of about 10 percent compared to the previous year, according to its latest press release, http://business-review.eu reports. Celebrating its 14thanniversary, the company said it has transported over 26 million passengers since it became operational, making it the largest Romanian airline by the number of passengers transported. To mark Romania’s Centenary, Blue Air ...

Wielpütz Automotive gives up factory in Craiova

Wednesday, December 19, 2018

The Germans had signed a lease of 3 hectares of land in the High-Tech Industry Park, a business platform owned by the County Council, to build a car parts factory, with the investment planned to mount to EUR 10 million. The plant was supposed to start production on September this year. In May, the land take over ceremony marking ...

Survey: Romania’s labor market, more prudent in the first quarter of 2019

Wednesday, December 19, 2018

More than two thirds (70%) of employers in Romania anticipate no changes in the size of their payrolls in the first quarter (Q1) of 2019, the largest percentage in over two years, and this suggests the labor market is more prudent than it has been in recent quarters, according to the ManpowerGroup Employment Outlook Survey for the January-March 2019 interval. About 20% of Romanian employers anticipate adding to their payrolls in the first quarter of 2019, while 9% anticipate ...

WDP extends its investment in Romania by EUR 45m project

Wednesday, December 19, 2018

Belgium-based WDP has signed an agreement for the development and lease of 77,000 m²of logistics warehouse space at its existing site in Bucharest for retailer Auchan. The investment budget amounts to about EUR 45 million. This new development emphasizes WDP’s strategy of creating long-term relationships and cross-border partnerships, a press release informs. After a first collaboration between WDP and the French international retail group Auchan in Luxembourg, WDP will ...

Lenovo to expand its Data Center in Bucharest, double the team by the end of 2019

Wednesday, December 19, 2018


Lenovo is developing a research center in Bucharest, one of the few such centres it has in the world, and looking to hire another 125 people in 2019, doubling the current number of employees, http://business-review.eu reports. Three years after the acquisition of the IBM server division, Lenovo Data Center Group has doubled its market share and is among the top three manufacturers of local data center solutions. Lenovo DCG recorded a 12 ...

Regina Maria Opens EUR18M Hospital in Cluj

Wednesday, December 19, 2018

Regina Maria, the second largest player on the Romanian private medical services market, has opened a 148-bed hospital in Cluj-Napoca, following an investment of EUR18 million. The private hospital will hire 94 doctors at first, ten of whom also work in state hospitals, but its strategy is to hire doctors to work solely for the private network. The hospital will be ready for patients starting January 2019 and company representatives expect the hospital will serve 20,000 ...

Almost 117,000 companies in Romania closed down or got into insolvency in the first 10 months of the year

Wednesday, December 12, 2018

Almost 117,000 companies in Romania closed down or were in difficulty in the first 10 months of the year up by over 5,600 against the same period of 2017, shows a specialty analysis published by the analysts in Sierra Quadrant. Thus, out of the total of 116,952 companies in difficulty between January and October 2018 a number of 7,026 companies got into insolvency, 15,014 suspended their activity, 65,631 were written off and 29,278 ...

Business people: the state budget for 2019 must rely on the freezing of salaries in the budgetary sector

Wednesday, December 12, 2018


The Association of Business People of Romania (AOAR) announced on Monday that the state budget for 2019 should rely on the freezing of the salaries in the budgetary sector as the aggressive increase of salaries in the central administration and local administration is one of the major causes for the attractiveness of the workplaces in this sector as compared to the private sector. AOAR is concerned by the proposals referring to the state budget and the ...

TAP Air Portugal Leaves Romania

Wednesday, December 12, 2018

Portuguese airline TAP Air Portugal will no longer operate direct Lisbon-Bucharest flights starting January 27, 2019, citing lack of profitability for the route, it said Monday. Flight ticket holders will be redirected to other flights or could get their money back, the company said. This is TAP's second attempt to operate direct flights to and from Romania but the route has proved unprofitable ...

Five new companies to benefit from state aid scheme for stimulating investments

Wednesday, December 12, 2018


On Monday, financing agreements were granted to the following companies Automobile Dacia SA, Sogefi Suspensions Eastern Europe SRL, Swoboda Sibiu SRL, Martur Automotive Seating and Interiors SRL, Omnia Europe SA. Minister of Public Finance Eugen Teodorovici on Monday handed over to representatives of five companies financing agreements granted based on the state aid scheme for boosting investments with a major impact in economy, so that the number of ...

Oltchim receives EUR 127 mln payment from Chimcomplex, transfers its assets to new owner

Wednesday, December 12, 2018

Oltchim announced its shareholders that it had received the full EUR 127 million transaction with Chimcomplex S.A. Borzesti, a company controlled by businessman Stefan Vuza, and it completed the transfer of ownership, http://business-review.eu informs. ”It’s an unprecedented success. We demonstrated that a correct reorganization, as the one that has been done for ...

City Grill owner Dragos Petrescu looking to expand to the hospitality industry, buy several hotels

Wednesday, December 12, 2018

Dragos Petrescu, the owner of City Grill restaurant chain in Bucharest, is negotiating the takeover of two boutique hotels in Bucharest. The businessman told Business Review that the expansion of his business into the hospitality industry is inevitable and that a transaction is expected next year. “We know for sure thay we want to enter this industry. We consider it an extension of our current business. We are ...

NEPI Rockastle and Globalworth’s yearly revenues more than EUR 100 million above other players

Wednesday, December 12, 2018

NEPI Rockastle, the major investor on the Romanian real estate market, with a portfolio close to EUR 2 billion comprising mostly retail projects, made around EUR 100 million from rents in the first three quarters of the year, and will probably reach EUR 120 million by the end of the year. Other important investors are AFI Europe with more than EUR 40 million in income in the first 9 months, and Globalworth. Globalworth, with an EUR 1.2 billion ...

CrowdStrike Inc., US cybersecurity technology company opens Centre of Excellence in Bucharest

Wednesday, December 12, 2018

 CrowdStrike Inc., one of the most important US cybersecurity technology companies will open on 11 December A Center of Excellence in Bucharest, Romania's Embassy in the United States of America informs in a press release.According to the cited source, Romanian Ambassador to the US George Cristian Maior had a meeting on Wednesday with Dmitri Alperovitch, co-founder and CTO (Chief Techonology Officer) of CrowdStrike Inc., one of the most important providers of ...

Sportisimo opens 16th store in Romania

Wednesday, December 12, 2018

Sportisimo, an important sports retailer founded almost 20 years ago in the Czech Republic, present on the local market since 2015, will open a new store at Botosani Shopping Center, north-eastern Romania. The store in Botosani will open by the end of the year, will cover an area of over 800 square meters and it will be the retailer’s 16th unit in Romania. Sportisimo is one of the largest retailers of sports articles in ...

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