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Mapei brings inspiration in construction, alongside Armada agency

Wednesday, July 11, 2018

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Mapei announces the launch of a new communication campaign in Romania. Named "Inspiration," the new product campaign created by Armada, starts from the idea that inspiration means for each of us something else. It gets all sorts of shapes and colors, depending on what we want or what we need at that moment, the company informs în a press stateme t sent to ACTMedia. And, in construction, inspiration means Mapei! „The ...

THE VALUE OF TERAPLAST GROUP HAS TREBLED AFTER 10 YEARS OF TRADING ON BUCHAREST STOCK EXCHANGE

Wednesday, July 11, 2018

- Dorel Goia, Chairman of TeraPlast’s Board of Directors: ‘We want to keep proving our investors that we are a solid company, which they can trust in the long run. Our focus is to increase the market shares for each of the Group divisions without losing sight of our responsibility towards people and environment’ - Adrian Tanase, BVB’s CEO: ‘After the model of the TeraPlast Group we hope to see as many ...

Medicover concludes acquisition of Academica medical center

Wednesday, July 11, 2018

Medicover, one of the main private medical services providers in Romania, has concluded the acquisition procedure of Academica Medical Center. The transaction is consolidating the private healthcare player’s presence in Bucharest, where the company already has a hospital, a maternity hospital and ten clinics. The transaction consists of taking over all shares of the two Academica clinics in Bucharest, both located in premium  residential ...

Hili Properties steps up development activity following revenue growth in 2017

Wednesday, July 11, 2018

Hili Properties plc has registered an operating profit of €4.4 million for the year ended December 31, 2017, up from €3 million the previous year, following a 31% increase in revenue. Hili Properties, part of Hili Ventures, holds and manages a strategic collection of commercial property for lease in Latvia, Lithuania, Estonia, Malta and Romania. Its diverse portfolio, valued at €100 million, includes four dedicated business blocks, nine ...

Slovene retailer Vitapur Home enters Romania

Wednesday, July 11, 2018

Vitapur Home, a brand developed in Slovenia which manufactures and sells products for premium homes, sports or travelling, enters the local market by opening a 120 square meter store within the Mega Mall in Bucharest, owned by the South-Africa based NEPI Rockcastle company, romaniajournal.ro informs. Vitapur currently has a network of approximately 90 stores in shopping centers and galleries in Slovenia, Croatia, Montenegro, Serbia, Bosnia and ...

Karaca, the largest Turkish household appliance retailer, enters Romanian market

Wednesday, July 11, 2018

Karaca, Turkey’s largest household appliance retailer, has entered the Romanian market by opening a branch and has already begun signing contracts for stores in major shopping centers in Bucharest, such as AFI Cotroceni and Mega Mall, http://business-review.eu informs. Karaca Europe, headquartered in Istanbul, includes the Karaca, Karma Home, Emsan, Cookplus & Apricot brands and has its main stores in ...

Electroarges reaches 60.5 percent stake in Brainconf Braila shares

Wednesday, July 11, 2018

The home appliance manufacturer Electroarges announced that it has become the majority shareholder in textile manufacturer Braiconf, with a 60.5 percent stake, http://business-review.eu informs. At the same time, the New Carpathian Fund has publicly announced that it is no longer a shareholder in the textile company, after it sold the 33 percent of Braiconf’s shares it owned. Braiconf’s market value ...

Dacia increases production in Romania by 3.2 pct in H1 to 175,992 cars

Wednesday, July 11, 2018

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Carmaker Dacia, controlled by French group Renault, has increased its production at the local plant in Mioveni by 3.2 percent in the first half of this year compared with the same period of 2017, up to 175,992 vehicles, according to the Association of Automobile Constructors in Romania (ACAROM) quoted by http://business-review.eu. The model with the highest production was Dacia Duster (118,156 units), followed by Dacia Sandero (27,066 units), Dacia ...

Wienerberger drops plan to buy Romanian brick producer Brikston

Wednesday, July 11, 2018

Austria's Wienerberger has abandoned its plan to acquire Romanian brick producer Brikston Construction Solutions International from private equity fund ADM Capital in order to grow its Romanian business organically, Wienerberger said on Friday, quoted by seenews.com. The Austrian-based building materials producer has also withdrawn the application submitted to the Romanian anti-trust authority, it said in a press release. The ...

Francisca Hogescu-Lebrun is the new General Manager of Xerox Romania

Wednesday, July 11, 2018

  Francisca Hogescu-Lebrun was appointed as the new General Manager of Xerox Romania, replacing Gabriel Pantelimon at the head of the business operations as of the start of July, the company informs in a statement sent to ACTMedia. Gabriel Pantelimon, who has managed the Xerox business in Romania since 2010, for the past 8 years, will take over the position of General Manager of Xerox Corporation’s Turkish subsidiary. For the ...

Carrefour brings new expat to manage operations in Romania

Wednesday, July 11, 2018

French executive Jean-Baptiste Dernoncourt will leave the helm of retailer Carrefour Romania after five years during which he almost doubled its business, to EUR 2 billion, romania-insider.com reads. The French group will name another French executive in his place, Jean Richard de Latour, 36, who has been working in the group since 2013, according to sources quoted ...

Deliveries of retail, industrial and office projects, to increase by 53 pct in 2018

Wednesday, July 11, 2018

The real estate market is registering a significant growth in pipeline volumes at the half of the year, the announced deliveries of new retail, offices and industrial space for 2018 being 53 percent larger compared to the previous year at national level, according to a study of Activ Property Services consultants, http://business-review.eu reads. „The retail, office and industrial markets are developing on ...

BearingPoint opens in Iasi its fourth Romanian office

Wednesday, July 11, 2018

Management and technology consulting company BearingPoint continues its development on European markets by opening a fourth office in Romania, in Iasi, http://business-review.eu informs. The move is aligned with the company’s strategic development initiatives. Iasi, one of the largest ...

EAU-based Al Dahra aquired Agricola Braila, the largest agricultural producer in Romania

Wednesday, July 4, 2018

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Investment Fund Al Dahra Holding took over Agricola Braila, the largest agricultural producer in Romania, owned by the entrepreneur Constantin Dulute, in a deal announced from the beginning of the year and estimated at over EUR 230 million euros, http://business-review.eu informs. According ...

CBRE, the first real estate consultant in Romania to exceed EUR 10 million turnover after 2009

Wednesday, July 4, 2018

The real estate consultant CBRE is the first real estate consultant in Romania to exceed the EUR 10 million turnover threshold after 2009, http://business-review.eu reads. At the end of 2017, the company registered business worth EUR 12.6 million, RON 57 million, and a profit of about EUR 1.5 million, almost RON 7 million. The turnover of the company grew more than 33 percent compared ...

Tripsta suspends activity, almost 100 employees affected in Romania

Wednesday, July 4, 2018

Greek tourism group Tripsta, which controls air ticket selling agencies Travelplanet24 and Airtickets, will suspend its activity after it accumulated over EUR 70 million debts to airlines. The group will close its office in Romania, leaving close to 100 employees without jobs, market sources told ...

Only 10% of Romania’s SMEs are eligible for bank loans

Wednesday, July 4, 2018

Only 10% of the small and medium enterprises (SMEs) in Romania are eligible to contract bank loans, but the situation could improve if they increase productivity, said Florin Danescu, president of the Romanian Banks Association (ARB), quoted by romania-insider.com. About 80,000 local SMEs have contracted loans so far, whereas only 45,000 (10.4% in total) currently qualify for a credit, Danescu pointed out. The Romanian SMEs are ...

Number of insolvencies up 12pct, Jan.-May; suspensions and dissolutions up 30.81pct, 59.49pct, respectively

Wednesday, July 4, 2018

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The number of companies and registered sole traders (PFA) facing insolvency increased by 11.97 percent in the first five months of this year, compared to the similar period of 2017, reaching 3,686 units, the data published on the site of the National Trade Register Office (ONRC) reveals.Most of the companies and registered sole traders facing insolvency are from Bucharest, namely 737 (+2.50 percent compared to the same period of 2017), followed by Bihor County ...

Competition Council fines MedLife for competition breaches

Wednesday, July 4, 2018

Romania’s Competition Council has fined the biggest local healthcare service provider, MedLife, with RON 865,000 (EUR 186,000) for breaching competition rules. The amount represents about one fifth in the group’s net profit in the first ...

Eurostat is asking: How many people work in small enterprises?

Wednesday, July 4, 2018

Only 0.2 % of enterprises in the EU are large… In the EU in 2015, a total of 23.5 million non-financial enterprises existed, 98.7 % of which were small (0-49 employed persons), 1.0 % were medium (50-249 employed persons) and only 0.2 % were large (250 employed persons and over). Among small enterprises, the ones that had less than 10 persons employed accounted for 93 % of the total number of enterprises. Among the ...

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