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Miele reported EUR 272 mln. investment and EUR 4.1 bn. turnover in 2017-2018 fiscal year

Wednesday, August 22, 2018

In spite of a declining market and a stronger euro, Miele Group, the largest premium home appliance manufacturer in the world, exceeded for the first time the EUR 4 billion threshold, http://business-review.eu reads. Specifically, with an increase of EUR 167 million euros ( 4.3 percent over the previous fiscal year), Miele closed the fiscal year 2017/2018 with a total of EUR 4.1 billion. Almost half of the ...

Globalworth received a financing loan worth 46 million Euro

Wednesday, August 22, 2018


Globalworth real estate investment company announces on Monday that it has received a financing loan worth 46 million Euro from the Romanian Commercial Bank (BCR, Banca Comerciala Romana), to be invested in developing the Renault Bucharest Connected office project.According to the company's representatives, Renault Bucharest Connected is one of the most important projects they are currently developing.Renault Bucharest Connected, the next headquarters ...

Studio Moderna business at RON 262 million last year

Wednesday, August 22, 2018


The omnichannel Slovenian company Studio Moderna, which owns in Romania 42 Dormeo and Top Shop stores and a portfolio of over 3,500 products, recorded a net turnover of RON 261 million last year in Romania, 15 percent above 2016. This is the largest turnover registered by the company since its entry into the local market in 2002. According to the officials of the companym, even if the number of ...

Eight of the fastest-growing tech companies in the world have offices in Romania

Wednesday, August 22, 2018

Technology companies have become the strongest players in the global economy over the past few decades, while their products have become more and more embedded into our everyday lives http://business-review.eu reads.  Below are the 15 fastest-growing tech companies in the world, of which eight have offices in Romania: Apple Founded in 1976 and ...

The Oltchim turnover increased by 20% in Q1

Wednesday, August 15, 2018


The Oltchim turnover increased by 20.2% in Q1 up to 577.2 million lei, the export  had growth of over 20% up to 98.7 million euro and the gross profit of 102.7 million lei increased 2.8 times,  a report published on Monday by the company says. The report published for investors says that the economic results of Q1 of 2018 for Oltchim SA were growing. The company announces that the value of the exports made between ...

Only 10 pct of Romanian companies are involved in innovative activities

Wednesday, August 15, 2018

According to a report by the National Institute of Statistics (INS), only 10 percent of Romanian companies had innovative activities in the 2014-2016 period, but the figure includes unfinished and/or abandoned projects, http://business-review.eu informs. The data analysed showed that of the total of 28,809 enterprises, only 2,925 (10.2 percent) of them had any innovative activities, of which 2,795 were ...

Impact lost 40 percent of the sales and almost all profit in the first half of the year

Wednesday, August 15, 2018

The sales of Impact Developer & Contractor, controled by businessman Gheorghe Iaciu in a proportion 49.48 percent, decreased 40 percent in the first half of the year and net profit almost completely dissolved, according to the last report of the company quoted by http://business-review.eu. Instead, the average value of an apartment sold in the first half of this year was about RON 459,000, while in the first 6 months of ...

Digi Communications’ net profit doubles over past 6 months to EUR 32 million

Wednesday, August 15, 2018

Digi Communications’ net profit has doubled over past 6 months to EUR 32 million, up by 37.5 percent year-on-year, http://business-review.eu informs. Total revenues stood at EUR 453.97 million, down 4.6 percent, compared to the January-June 2017 period, Profit.ro writes. On the Romanian ...

ALRO Group posts consolidated net profit of RON 154 M in H1 2018

Wednesday, August 15, 2018

ALRO S.A., one of the largest vertically integrated aluminium producers, by capacity, in Europe, announces today its consolidated financial results for the first half year of 2018, romaniajournal.ro reads. ALRO Group registered a net profit of RON 154 million, in H1 2018, compared to a net profit of RON 187 million, in H1 2017. The Group’s turnover increased in H1 2018 to RON 1.56 billion, compared RON 1.38 billion, in H1 2017. “We ...

Romania’s largest airline Blue Air becomes joint venture, changes name to Blue Air Aviation

Wednesday, August 15, 2018


The largest Romanian airline, Blue Air, has changed its legal status, from limited liability company to joint venture. The company also changed its name to Blue Air Aviation. “As a natural continuation of our efforts to align our organizational structure to the current operating level, we are happy to announce that Blue Air has changed its legal status from S.R.L. to S.A. by means of a decision of the extraordinary general meeting of shareholders ...

Telekom Romania revenues post slight drop to EUR 464 mln in H1

Wednesday, August 15, 2018


Telekom Romania said its revenue fell by 0.4 percent to EUR 464 million in the first half of the year compared to the same period of last year, while in the second quarter the revenue gained 0.8 percent to EUR 238 million. The company’s mobile customer base gained 0.9 percent to 5.27 million, while in fixed-network line the number of customers fell by 6.2 percent to 1.8 million. Revenues generated by fixed voice decreased by 21.1 percent ...

UPC Romania, 978,400 customers and 4.3 pct. growth in revenues

Wednesday, August 15, 2018

UPC Romania reported 978,400 customers at the end of the second quarter of this year, apparently less than last period because starting with this quarter, Liberty Global reports customers and subscribers (RGUs) only for UPC Romania’s cable division without DTH customers, http://business-review.eu reads. In T2 2018, UPC Romania recorded an annual ...

Ciprian-Sorin Vlad becomes the new general manager of Braiconf

Wednesday, August 15, 2018

Braiconf Braila textile producer announced that Dan Simionescu, chairman of the board of directors, general manager and manager of the company with 23 million lei capitalization, concluded amicably the mandates and will be replaced by Ciprian-Sorin Vlad, http://business-review.eu reports. Recently, Electroarges Curtea de Arges become the main shareholder ...

Iulius Holding profit in 2017, RON 787 million, 330 times larger than 2016

Wednesday, August 15, 2018

Iulius Holding, the company that subsumes all the firms that manages and develops the real estate projects of Iulian Dascalu, recorded an income of RON 833 million in 2017, 330 times larger than the figure published in 2016, http://business-review.eu reports. Probably the huge figure is the result of the relationship with south african investment fund Atterbury, who bought last year ...

Net profit of RON 13.7 million for Cemacon in the first half of the year

Wednesday, August 15, 2018

For the first half of the year construction materials producer, Cemacon recorded a net turnover increase of 41 percent compared to the similar period of 2017, marked an operating profit of RON 21 million and a net profit of RON 13.7 million. The very positive market context and robust business strategy have led to a record high for the ...

The Zentiva profit dropped with 16.5% in Q1

Wednesday, August 8, 2018


The pharma producer Zentiva ( SCD on BVB) reported in Q1 a profit of 35.95 million lei, with 16.5 % less than the result of the previous period of last year, of 43.04 million lei, according to the non-audited report published at BVB. The turnover of the first six months dropped with approximately 3% at 222.12 million lei from 228.56 million lei at the end of June 2017. The total debt was at the end of Q1 was 160,66 million lei ...

Vodafone Romania names new HR director from Greece

Wednesday, August 8, 2018

Vodafone Romania said that Fragiski Melissa, human resources director for Vodafone Greece, has been appointed as Vodafone Romania’s HR Director and member of the executive management team, reporting to Vodafone Romania’s CEO, Murielle Lorillou, http://business-review.eu reads. She will replace Florin Petrescu, who decided to leave Vodafone at the end of September 2018, upon completion of his mandate. ...

Six-month business dissolutions at 18,570, roughly 46 pct higher YoY

Wednesday, August 8, 2018

Business dissolutions in the first six months of the year were up 46.36 percent YoY, standing at 18,570 compared to 12,688 in the same period of the year before, shows data centralized by the National Trade Register Office (ONRC).Bucharest tops the list with most company dissolutions - 3,757 (up 40.87 pct compared to H1 2017), followed by the counties of Cluj with 958 (+54.27 pct), Timis - 969 (+49.77 pct) and Constanta - 958 (+54.27 pct).The counties ...

Joel Best (Bell Helicopter): In Romania, the conditions for success are here

Wednesday, August 8, 2018

In Romania, the conditions for success exist and, in case the agreement with Bell will be accepted by the Romanian and US governments, our country will be the only place outside the United States where the AH-1Z and the UH-1Y aircraft will be produced, said, in an interview granted to AGERPRES, Joel Best, director for Global Business Development Europe with Bell Helicopter."There are some other production facilities for commercial aircraft, we do some partnering ...

Dedeman acquires The Bridge office project

Wednesday, August 8, 2018

Forte Partners, one of the most active office real estate developers, has signed the acquisition of the office project The Bridge to Dedeman Group, producing the largest real estate transaction of the year. The Bridge project, to be developed in three phases that will create approximately 80,000 sqm, will be taken over by Dedeman Group. The first phase was rented to tenants such as BCR and IBM, the second phase is under construction and was pre-leased ...

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