Business

• 22 Jun 2012 | Business

  Allview tablets come into Germanos offer

  Two of the most performant tablets brought in Romania by Visual Fan, Allview AllDro 2 Speed HD and Allview AllDro Speed are now available in all Germanos Telecom Romania stores at the best price offer on the market, together with Connect MF60 modem and Connect 3G subscription.

• 22 May 2012 | Business

  Germanos introduces in its portfolio the Navon GPS brand, with the fastest navigation system, iGo8

  Germanos Telecom Romania introduces in its portfolio a new brand of navigation systems, which benefits of the most appreciated soft of this kind, iGo8, famous for its functional and usage performance. From this new range of Navon GPSs, Germanos brings the model N490, equipped with this latest navigation system, very easy to transport and with an ultra-thin design.

• 15 May 2012 | Business

  Call for Entries for Deloitte Central Europe Technology Fast 50 2012

  Deloitte launched the registration session for Technology Fast 50, an annual competition which recognises and ranks the fastest-growing technology companies in Central Europe. Registration for this high-profile regional and industry awards competition is open until July 13.

• 07 Feb 2012 | Business

  COSMOTE Romania advises parents to keep their children safe on the internet, for the 4th year in a row

  COSMOTE Romania gets involved in promoting a safe internet for children, for the fourth year in a row. With the occasion of the Safer Internet Day, on February 7th, the company wil launch a complex communication campaign thus contributing to the largest national campaign aiming to protect children and youngsters against inadequate digital content.

• 31 May 2011 | Business

  New CEO Announced for Aon in Romania

  Aon Corporation (NYSE:AON) announced today that Valentin Tuca will join the insurance broking operation as the new CEO for Aon Romania. He replaced Karina Rosu after her departure on May 1st.

• 02 Jul 2010 | Business

  Hungary wants to extend its agreement with the IMF

  The Hungarian Government intends to obtain a new loan from the IMF next year, and does not want to access the last six billion Euro of the 20 in the loan provided to it in 2008. Hungary is seeking to obtain a new loan from the International Monetary Fund (IMF), a "safety" loan meant to consolidate trust in the Hungarian market and to ensure a low interest rate in case there will be a need for another loan

• 05 May 2010 | Business

  Over 10,000 April orders for Dacia Duster

  Duster, the first Dacia SUV, recorded this April over 10,000 orders on the French market, reaching an average of more than 500 units daily, according to Dacia Group's website. At the same time, over the same month, Dacia Sandero ranked sixth among the best selling models in France, up by 300 percent

• 05 May 2010 | Business

  11 million euros invested in Romania's biggest industrial mill

  The ATON Transilvania group of companies inaugurated the biggest industrial mill in Romania at Carani, Timis Country (western Romania), on an investment worth 11 million euros. "The Carani 5 Mill is currently the most important flour producer in western Romania, with a production capacity of 500 tonnes/24 hours. The 11-million-euro investment was supported under a SAPARD project"

• 28 Apr 2010 | Business

  Nick Anstee: The investment of the 4,000 British companies to Romania are over 4 billion euro

  The mayor of London financial city Nick Anstee accompanied by a delegation of business people from the UK will start tomorrow a commercial mission to Bucharest with the view to promoting the private sector in the UK and to developing business between the two countries

• 22 Apr 2010 | Business

  IGD acquires remaining 10% stake in Winmarkt

  Italy-based Immobiliare Grande Distribuzione (IGD), that already held 90% stake in Winmarkt store chain in Romania, said it has acquired the remaining 10% interest in the company, for which the real estate company has paid Euro 21 million

• 15 Apr 2010 | Business

  Petrom invests 100 mln euros in wind energy production

  Petrom has bought the entire Wind Power Park SRL, holder of a power generating project based on wind turbines, the company informs in a release remitted AGERPRES. Total investments in the implementation of wind energy generating project held by Wind Power Park SRL is up to some 100 million euros

• 15 Apr 2010 | Business

  Eurocopter participates in the 'Black Sea Defense & Aerospace 2010' international exhibition

  More than 200 companies from 17 countries present their engineering and technology for defense, in Bucharest, for three days, at the third edition of the International Exhibition devoted to the Defence, National and Private Security and Aviation Industry - the 'Black Sea Defense & Aerospace 2010' (BSDA 2010)

• 15 Apr 2010 | Business

  TotalSoft opens branch in Bulgaria with 300,000 euro

  Total Soft, the regional producer of business software, with businesses of 20 million euro in 2009, is opening a 300,000 euro investments in a branch in Bulgaria, company officials announce. The opening of the Sofia office is part of the strategy of international expansion which Total Soft

• 13 Apr 2010 | Business

  Insurers pay more than 1 bn euros in car accidents

  Insurers pay more than 1 billion euros last year in car accidents, a two-digit growth, in the context of premiums collected from Casco and RCA (civil auto liability) policies stagnated, reads Ziarul Financiar daily on Tuesday. Thus, total compensations paid by insurance companies for Casco and RCA policies reached 4.48 billion lei (1.06 billion euros)

• 09 Apr 2010 | Business

  WESEE contemplating building infrastructure for Fantanele wind farm

  Romania's Electrogrup SA and Germany's Montage GmbH and Windenergy Service GmbH have established a Romanian-German joint venture called Wind Energy Service East Europe (WESEE) to build the infrastructure for the Fantanele wind farm in the Romanian south-eastern province of Dobrogea

• 08 Apr 2010 | Business

  Murad: First three months pointing to growth trend

  Lebanese-born Mohammad Murad, chairman of Perla Majestic group of firms, which mainly operates in the tourism sector, says that after the first quarter the businesses he runs "are faring better" compared with the same period of last year. "There was no more room for worse on the market as the bottom was hit last year

• 08 Apr 2010 | Business

  NetMedia buys Romanian online travel websites

  NetMedia, with operations in the online travel, acquired 70 percent of the Romanian company, C & D Solutions, the owner of AllSeasons.ro and TourismGuide.ro travel websites in Romania. The deal is NetMedia's first ever global acquisition, the Poland-based company said in a release

• 08 Apr 2010 | Business

  Nearly 2pc of Romanians ordered goods and services on line in 2009

  More than one third of Europeans ordered goods and services on line in 2009, but there are significant differences between the EU27 member states, with the percentage of such acquisitions varying between 2 percent in Romania and 66 percent in the UK, according to the spring edition of the Consumer Markets Scoreboard

• 07 Apr 2010 | Business

  SMEs want lump-sum tax only for big companies

  The members of the National Council of Small and Medium-sized Private Enterprises in Romania (CNIPMMR) express their total disagreement with the establishment of the lump-sum tax and with maintaining the minimum tax, given the significant difficulties generated by the financial crisis, the excessive taxation and the effects caused by the minimum tax on the business

• 01 Apr 2010 | Business

  Alro forecasts double profit in 2010

  The largest aluminium producer in the Central and Eastern Europe, Alro Slatina (south-west of Bucharest) estimates 57 million dollars net profit in 2010, almost double as 30.7 million dollars in 2009, according to a news release sent Bucharest Stock Exchange

• 01 Apr 2010 | Business

  P&G sells Romanian professional haircare business to Interbrands

  Interbrands, Romania's largest distribution company has agreed to handle the distribution operations of Salon Profesional products in Romania, held by Procter & Gamble and buy Wella professional haircare products business. The deal will be subject to antitrust scrutiny, and a final decision is due to be made public over the next few months

• 30 Mar 2010 | Business

  Mark Mobius, on the listing of Fondul Proprietatea

  Mark Mobius , the chief executive of Franklin Templeton Investment Management, the investment manager of Fondul Proprietatea equity assets, said Fondul Proprietatea would go public this year, most likely in September. Mark Mobius, who was invited to ring the opening bell at the Bucharest Stock Exchange

• 25 Mar 2010 | Business

  Smithfield Romania: moderate growth

  Smithfield Romania, a subsidiary of the US pork giant, is counting on a moderate growth for 2010, the German agricultural magazine Top Agrar reports.Bogdan Mihail, Smithfield Romania's general manager, told the Bucarest information service zr.ro that investments are currently being reconsidered

• 25 Mar 2010 | Business

  Kraft Foods to keep staffing levels stable in 2010

  Kraft Foods, one of the largest confectioners in Romania, said it planned to freeze recruitment this year, according to human resources director Dorin Grigorescu, after moderate hiring in 2009 subsequent to the shutdown of its plant in Brasov. "We plan on keeping staffing levels stable for the remainder of the year"

• 24 Mar 2010 | Business

  Egypt wants 30% more Romanian tourists this year

  ETA, the Egyptian Tourist Authority, a government institution promoting Egypt as tourist destination in Romania, is counting on a 30% increase of the number of Romanian tourists in 2010.At the end of 2009, the tourist market dropped by 25-30% in Poland, Czech Republic and Romania but we succeeded to cope with the dropping rate

• 24 Mar 2010 | Business

  National vegetable production grew in 2009

  The national production of vegetables grew last year for tomatoes, cabbage, cucumbers, egg plants, water melons and dropped for beans and onion, according to date supplied by the Ministry of Agriculture. Production increases were also registered for cabbage and water melons as a result of the use of new varieties and hybrids with high production potential and due to climate conditions of 2009 favorable to those cultures, the ministry shows.

• 24 Mar 2010 | Business

  Local wine production dropped by 7.6% in 2009

  The wine production obtained last year by local producers was 4.96 million hl, on the drop by 7.6% against 2008 when 5.37 million hl were produced, the Ministry of Agriculture and Rural Development (MADR) informs.The 2009 wine production is smaller than in 2008

• 23 Mar 2010 | Business

  Trade exchanges between Romania and Hong Kong amount to 93 million dollars in November 2009

  Trade exchanges between Romania and Hong Kong amounted to 93.38 million dollars over January-November 2009, the balance being favourable to Romania, with exports of 78 million dollars, adviser with the Ministry of Economy Anca Turcea told the conference organized by the Hong Kong Trade Association on Friday

• 22 Mar 2010 | Business

  Dacia: 80 percent of orders for Duster are for most expensive version

  Approximately 80 percent of the orders received by Dacia for the new Duster model are for the most expensive version, 15,000 euros, with the largest number of options, Dacia trading manager Fabrice Cambolive said on Thursday when Duster was launched in Romania

• 17 Mar 2010 | Business

  Bucharest goes up to two places in the top most expensive industrial locations

  Bucharest took the 36th spot in the Cushman & Wakefield's list of most expensive prime industrial locations in the world by rents, up ten places from last year. In Bucharest a company pays a rent of €57/sqm/annum for prime industrials spaces, or €4.75/sqm/month