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Articles - companies

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).

Car producers plan to relocate R&D centers to Romania, Bulgaria

European car producers intend to relocate their research centers to Eastern Europe following the UK vote in favor of Brexit, to decrease their costs and to preserve free access to the European market, reports The Guardian.

Swedish group IKEA makes first step towards furniture manufacturing in Romania

iKEA România, the company controlling the Bucharest store of the IKEA network, has expanded its range of activity with several fields, including the “Manufacturing of furniture for offices and stores”, according to the Romanian official gazette Monitorul Oficial.

63 Romanian companies in Coface’s CEE Top 500; Romania, ranked fourth in the region

Romania has 63 companies listed in Central and Eastern Europe Top 500 according to their turnover, while the country ranks fourth in the region, according to international credit insurance company Coface.

Firms in Romania can get state aid for investments over EUR 1 mln

Companies will be able to receive state aid for investments over EUR 1 million in their production units, said the Economy Minister Costin Borc.

Offshore becomes major shareholder of the largest shirt manufacturer in Romania

Romanian Investment Fund, an offshore company registered in one of the most popular tax havens, the Cayman Islands, with registered office at mailbox 30745 Camana Bay, bought from the Swiss bank Julius Baer a stake of 25.1% in Romanian shirt manufacturer Braiconf Braila (BRCR ).

Rockwell Automation expands with offices at Bucharest and Budapest

Rockwell Automation, the world's largest company dedicated to industrial automation and information, expands its business in East and Central Europe and has opened two new offices in Bucharest, Romania and Budapest, Hungary.

Logistics solutions supplier CHEP Romania relocates to Floreasca Tower

CHEP Romania, local subsidiary of the worldwide leader in pallets rental solutions, part of the Brambles group, relocated in the first quarter of this year to the office building Floreasca Tower.

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