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EBRD president signs two loans while on visit in Romania

Wednesday, September 19, 2018

The European Bank of Reconstruction and Development (EBRD) will finance Romanian car rental services provider Autonom with EUR 5 million, romania-insider.com reports. The loan will enable the company to expand its car fleet in order to meet growing demand from Romanian firms, especially SMEs. The loan agreement was signed in Bucharest on Monday, September 17, by EBRD President Suma ...

Bell UH-1Y helicopter that could be built in Romania, presented at

Wednesday, September 19, 2018

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The Bell UH-1Y combat proven utility helicopter that could be built in Romania in the future, at central Ghimbav, near Brasov, was presented in European premiere at the "NATO Days" event organised Saturday and Sunday on the airport near Ostrava, in the Czech Republic.The combat variant AH-1Z is not here, but here it is the multi-role combat version.(...) slated to transport the troops in the conflict area and bring them back in safety from the battle field. (...) ...

Number of Jan - July newly set up foreign capital companies down 4.7 pct YoY

Wednesday, September 19, 2018

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The number of newly set up companies running on foreign capital was 4.7 percent down over Jan - July 2018 compared to the same period of 2017, standing at 3,337, shows National Trade Register Office data.The 3,337 new companies had a paid-up capital worth more than 36.3 million US dollars, up 86 percent YoY.In a YoY comparison, the number of startups this July was 479, most of them being set up in Bucharest - 221, Timis County - 34, and Cluj County - ...

Emirati Sheikh says his country wants to increase investments in Romania

Wednesday, September 19, 2018

Emirati Sheikh Hamdan bin Zayed Al Nahyan made an official visit to Romania during which he had a meeting with president Klaus Iohannis on Monday, September 17, romania-insider.com informs. The two officials talked about the development of the bilateral relations between the two countries, especially in the business area. The Emirati high official said that his country is interested in increasing investments in Romania, according ...

CEO TAROM: Three consecutive months in the plus, TAROM is on right path

Wednesday, September 19, 2018

 Romania's national air carrier TAROM will end the summer season in the plus, given that the company's losses decreased by approximately 40 percent, as compared to the same period of last year, while income went up by over 25 percent, according to the data sent by the company."Three consecutive months in the plus at TAROM. We are on the right path. We are aware of the positive results achieved by TAROM. We have managed to reduce to half losses incurred in ...

Medicover buys Oradea’s Pelican Hopital

Wednesday, September 19, 2018

Medicover, one of the leading private medical services companies in Romania, has completed the acquisition of Pelican Hospital, the main provider of health services in Oradea, http://business-review.eu reads. Following the approval of the Competition Council for this transaction, Medicover has become the ...

Elis Pavaje buys Fruhwald factory in Vintu de Jos

Wednesday, September 19, 2018

Romanian manufacturer of pavements and curbs, Elis Pavaje, controlled by the Gota family in Alba County, took over the Fruhwald vibropressed concrete factory from Vintu de Jos from the Austrian company Frühwald in a EUR 1 million transaction. The Vintu de Jos factory produces pavements and borders for industrial works with a nominal capacity of 1,000 sqm/day and concrete bricks (nominal ...

Deloitte Romania appoints Monica Guminski and Alexandru Aparaschivei as directors

Wednesday, September 19, 2018

Deloitte Romania appointed Monica Guminski and Alexandru Aparaschivei to director roles, http://business-review.eu informs. Monica Guminski, formerly Senior Manager Audit and Assurance, has been promoted to Audit Director, and Alexandru Aparaschivei, formerly Senior Manager Tax, is now Tax ...

Vodafone will lay off 1,700 service center employees in Romania, India and Egypt

Wednesday, September 19, 2018

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Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group’s new CEO Nick Read said in an interview for Financial Times. The ...

Liviu Tudor, elected president of the European Property Federation

Wednesday, September 19, 2018

Liviu Tudor, one of the biggest real estate investors in Romania, was elected president of the European Property Federation (EPF) an organization that represents real estate investors and advises EU institutions in their real estate policy-making. Liviu Tudor is the CEO of Genesis Property, a company that owns two business parks in Bucharest, Novo Park and West Gate, with some 150,000 sqm of office space. He is also president of the Romanian ...

Ambassador Klemm: Romanian start-up ecosystem, more and more dynamic, but expansion is still difficult

Wednesday, September 12, 2018

The Romanian start-up ecosystem is becoming more and more dynamic, but its expansion is still difficult, in the context in which some regulations "can generate unintended, but disproportionate burdens," declared, on Monday, the United States ambassador in Romania, Hans Klemm, at the opening of "Startup Path 2018".In order for entrepreneurs to put their ideas into practice, they need true "ecosystems", formed since college, environments where the latest ...

Romania has 56 companies in Coface’s Top 500 CEE

Wednesday, September 12, 2018

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The international credit insurance company Coface has presented its tenth annual study on the biggest 500 companies in Central and Eastern Europe – the Coface CEE Top 500, http://business-review.eu informs. It ranks the businesses by their turnover and additionally analyses further facts such as the number of employees, the framework of the companies, sectors and markets as well as the new Coface company credit assessments. The ...

Serge Durand(Airbus): We've been here for five decades; if Romania wants, we stay five more

Wednesday, September 12, 2018

Airbus has been in Romania for five decades and "should Romania wish so", it can stay for another 50 years, Serge Durand, the head of Airbus Romania told an interview granted to AGERPRES.The head of Airbus Romania also talked about the threshold of 16 helicopters that Romania should order so that the assembly activity of the aircraft in the Airbus plant in Brasov can begin. Thus, he referred to what former French President Francois Hollande had said at the ...

Bitdefender takes over Australian partner SMS eTech

Wednesday, September 12, 2018

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Bitdefender has announced on Tuesday the takeover of its Australian partner SMS eTech, as part of its global business expansion strategy, http://business-review.eu informs. The acquisition strengthens the company’s position in the Asia-Pacific region and globally by creating its own subsidiary, Bitdefender Australia, headquartered in Melbourne. The value of the acquisition was not disclosed. By integrating ...

Xerox Helps Global Channel Partners Accelerate Revenue Growth with New Sales and Marketing Program

Wednesday, September 12, 2018

 Xerox Global Partner Program is now available in Romania to help authorized partners drive revenue and strengthen client relationships, particularly in the lucrative and growing small- and medium-size business market, a press release sent to ACTMedia informs. With this ...

Dacia’s production up 4 pct to 211,963 vehicles in the first 8 months

Wednesday, September 12, 2018

According to the the Association of Automobile Manufacturers in Romania (ACAROM), in the first eight months of 2018, Dacia’s Mioveni plant production was 211,962 vehicles, representing a 4 percent increase over the same period in 2017 (203,876 units), http://business-review.eu informs. An increase of 27.3 percent was recorded in August 2018 compared to August 2017, thus confirming the positive trend of the ...

Romanian companies are the most optimistic in the EU in terms of employment perspectives

Wednesday, September 12, 2018

The Romanian companies are the most optimistic in the European Union in terms of employment perspectives, according to a ManpowerGroup study released on Tuesday, http://business-review.eu informs. The employers in the Sud-Muntenia region are the most optimistic in Romania, with the number of companies that want to increase their staff exceeding by 28 percent the number of firms that prepare ...

L'Oréal Romania welcomes Vanya Panayotova as its new Country General  Manager

Wednesday, September 12, 2018

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The L'Oréal Group has appointed Vanya Panayotova as Country General Manager for L’Oreal Romania, effective starting January 2019, the company informs in a statement sent to ACTMedia. Vanya was nominated following Mr. Gilles Antoine’s appointment into a new position in the Group. Between now and January 2019, Javier Labarta, with an extended experience as General Manager within L'Oréal, will ensure the transition period, as Interim Country General ...

ONRC: 10,948 companies suspend activity between January-July 2018

Wednesday, September 5, 2018

The total number of companies that suspended their business increased by 25.98 percent in the first seven months of this year compared to the similar period in 2017, from 8,690 companies to 10,948 companies, according to the statistics of the the National Trade Register Office (ONRC).The largest number of companies that suspended their business was recorded in Bucharest - 1,301 and in the following counties: Bihor - 586, Cluj - 509 and Prahova - ...

AVON marks 21 years in Romania

Wednesday, September 5, 2018

AVON is marking 21 years on the Romanian beauty products market, a market that it is leading, boasting a turnover of over EUR 140 million in 2017 and a portfolio of over 1,000 cosmetics and fashion &home products, romaniajournal.ro informs. AVON story in Romania started in 1997. It now has an operational center here serving five markets in Europe, set up in Chiajna in 2006 following an investment of over USD 12 million. At ...

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