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Huawei Romania 2018 balance-sheet

Huawei Romania reported revenues from sales worth over USD 400 million in 2018. The acquisitions on the local market mounted to USD 150 million last year, while the taxes paid to the state accounted for USD 75 million. Huawei Romania ...

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Construction of the tallest hotel in Bucharest kicked off. Swissôtel Bucharest to open by end of 2021

Accor hospitality group has announced the opening of the first Swissôtel hotel in Romania, in Bucharest, following the signing of a management contract with the local partner and investor, Business Hotels Investment, a member of the Niro Investment Group. Upon ...

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C&W Echinox takes over the management of Ethos House in Bucharest

The Cushman & Wakefield Echinox real estate consultancy company was appointed to manage the Ethos office building, situated in the Floreasca area, in Bucharest. This is the second mandate for the management of an office building by CWEchinox in 2019, ...

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Waves of food alerts, as supermarkets withdraw products from sale

A wave of food alerts have been noticed in the past two weeks, as supermarkets such as Kaufland, Lidl and Mega Image have withdrawn various products from sale. The products were either infested with Salmonella, or included various ingredients not ...

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Update2: Orange mobile telephony network – back to normal

Wednesday evening Orange posted a new message that assures subscribers that all services have returned to normal and tells them what to do if they still have problems, thanking them all for patience and understanding. “Voice, data, and Orange applications ...

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Cordia Romania eyes medium-term investments worth 100 million euro for residential projects

Cordia Romania takes further steps to strengthen the company`s presence on the local market by acquiring four land-plots located in North Bucharest, with the purpose of developing residential projects destined for medium and medium-high segments. “The total investment in the ...

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Romanian unicorn UiPath opens software robots lab in Bucharest

UiPath has inaugurated  the „Immersion Lab” in Bucharest, a laboratory allowing customers to test various automation scenarios of the administrative processes and to see how the Robotic Process Automation (RPA) and artificial intelligence (AI)  solutions are working. The lab will ...

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Romania-based business executives, more pessimistic than last year, study says

Business executives in Romania are more and more pessimistic about the local workforce environment, a PwC study shows. The main concerns are related to the availability of the key skills and the change of the workforce demography. The study reads ...

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Romania, 4th in the EU in car exports

Despite the legal framework amendments in the economic field, in the past years, the Romanian auto industry has achieved remarkable performances last year. Thus Romania has become the 4th car exporter in the European Union, right behind Germany in the ...

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