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Articles - companies

Logistics properties manager names new Country Head in Romania

Cora Stolz, 39, has become Country Head for the company PointPark Properties Romania (P3), a specialized investor, developer and manager of logistics properties in Europe.

For the first time in the company’s history, Dacia sales surpass 500,000 units in 2014

Romania has all the chances to move up on third place in Eastern Europe, behind Czech Republic and Slovakia

Continental completed EUR 6.5 million R&D centre in Sibiu

Continental Automotive Romania, the electronic parts manufacturing division of Continental, completed an investment of EUR 6.5 million in a new building on two floors within the research and development centre from Sibiu.

eMAG.ro expands into Poland

South-African group Naspers has decided to extend eMAG.ro’s sales platform into Poland. Dante International will be taking over Agito, one of Poland’s biggest online stores.

US Quintana shows interest in CE Hunedoara, as electricity producer nears insolvency

Andrei Gerea, the new SME’s and Energy minister said on Monday that Hunedoara Energy Complex (CE Hunedoara) is close to insolvency and needs to increase efficiency, while there is some interest in its privatization, writes Mediafax.

Bosch to open new research and development office in Cluj in 2015

Germany’s Bosch on Wednesday said it will open a new office in Cluj-Napoca (north-western Romania), at the beginning of 2015, where it will develop software solutions for new products.

Cemacon reports 37 percent increase in nine-month turnover

Ceramic blocks producer Cemacon reported a 37 percent increase for the first none months of the year, compared to the same period of the previous year. The company posted for the first nine months of the year a net result of RON 3.76 million and a gross turnover of over RON 51 million.

Romania has 20 times fewer manufacturing companies than Estonia and Portugal

The Romanian economy has only three small and medium companies active in the manufacturing area per 1,000 inhabitants, while trade companies are three times more numerous, which shows that local business cannot surpass the survival stage with only companies which do not bring VAT.

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