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Articles

Job vacancies up 11% in Romania in fourth quarter of 2016

The number of job vacancies in the economy, an indicator of the shortage of labor at national level, increased by 11% in the fourth quarter of last year compared to the same period in 2015, reaching 60,700.

One of the biggest cable producers in Romania enters insolvency

Romanian cable producer Romcab Targu Mures, a company with a turnover of RON 1 billion (EUR 221 million) in 2016, officially entered insolvency as the Mures Court approved the company’s insolvency request on Monday, February 21. The company has over EUR 200 million worth of debts to banks, state, and suppliers.

Ford Craiova installs 190 new robots and hires 900 for production of EcoSport SUV model

US car maker Ford will install 190 new robots at the Ford Craiova plant, which will produce the EcoSport SUV model starting this fall. For this purpose, the company will also hire 900 extra staff.

Romania’s machinery and automotive exports go up by 2.2 billion

Romania exported machinery and transport equipment worth EUR 22.48 billion in the first ten months 2016, up EUR 2.2 billion over the same period of 2015, according to the National Statistics Institute (INS).

Romanian companies, three times more profitable than multinationals

Private companies with Romanian capital were three times more profitable than multinationals in 2015, with an overall net result of RON 27 billion (EUR 6.07 billion) at a total turnover of RON 551 billion (EUR 124 billion).

Drug producer Zentiva Bucharest’s profit increases by more than half

Local drug producer Zentiva Bucharest (SCD), which is part of French group Sanofi, increased its turnover by 5% to EUR 92.3 million last year.

Airbus Helicopters to make a Romanian center of excellence for production of H215 aircraft

Airbus Helicopters, which inaugurated last year the new helicopter plant from Ghimbav, Brasov, for an EUR 52 million investment will make Romania a center of excellence for the production of H215 aircraft, said Olivier Michalon, senior vice president for Europe region at Airbus Helicopters on Tuesday to the Romanian PM Sorin Grindeanu during a meeting at the Government in Bucharest.

Romanian car parts manufacturer ups profit 90% despite higher personnel costs

Compa Sibiu, a Sibiu-based plant which produces components for motor vehicles and car engines, posted a turnover of RON 655 million (EUR 145.4 million) last year, up 33% over the previous year. The net profit rose by 90% to some EUR 11.4 million.

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