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Articles - companies

Romanian managers worried about taxes

92% of Romanian managers are worried about the fiscal burden growing heavier, according to a PwC study. Romania’s managers rank second in the world for their “fiscal” fears, after France’s managers, and way above the global average of 70%.

H&M passes the EUR 100 mln sales mark in Romania

The H&M Group’s sales including VAT increased in local currencies by 9 percent during the financial year. Sales in comparable units were unchanged. Converted into SEK, sales excluding VAT amounted to SEK 128,562 m (120,799), an increase of 6 percent.

Holcim Romania has a new CEO

Francois Petry is the new CEO of the Romanian subsidiary of cement manufacturer Holcim. He is replacing Daniel Bach who has been recently appointed area manager for South-East Asia.

Saint-Gobain Romania moves to new headquarters

The Bucharest office of construction materials producer Saint-Gobain has been relocated to Floreasca Park, in the northern part of the capital, the company has announced.

Over 22,000 firms suspend activity in 2013

The total number of the Romanian firms having suspended activity last year dropped by 8.30 per cent from 2012, i.e. from 24,078 firms to 22,079 firms, according to figures centralized by the National Trade Register Office.

Endava pre-leased 40% of the third office building in AFI Park

AFI Europe Romania signed the first lease in the third building in the office project AFI Park. The IT company Endava rented 40% of the rentable area in the office building AFI Park 3.

Intesa SanPaolo Bank rented 3,500 sq. m in Art Business Center

Intesa SanPaolo Bank relocated its offices to Art Business Center 6 building, with the help of BNP Paribas Real Estate.

The relocation of the year started in Bucharest: Oracle transfers 2,500 employees in Floreasca Park

The American IT giant Oracle, which has reached 2,500 employees in Bucharest and EUR 105 million turnover in 2012, has started the relocation process of its activity in Floreasca Park from Northern Bucharest, representing the biggest move of this type from Bucharest.

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