For third consecutive year, Schneider Electric has been included in the Global 100 index which gathers the most sustainable companies across the world. This year, the French-based company which has also a Romanian branch ranks tenth in the top released by Corporate Knights during the Global Economic Forum held in Davos, Switzerland. At the same time, Schneider Electric is the first amidst companies operating in the industry and capital goods sector, a press release states....more »

The domestic branch of Bearing Point, a leading management and technology consultant in Europe, has seen a major progress in terms of revenues, last year, when the figures increased by over 50 percent, results that supported the company’s general evolution....more »

Nokia Corporation sold all its shares in Nokia Romania to Nokia Finland Oy, a transaction worth nearly 19 million euro, part of the process of preparing the mobile phone division for the transfer towards Microsoft approved last November, Mediafax informs....more »

Recolamp Association collected and recycled 480 tons of lighting equipment waste last year, achieving the European target of 40 percent calculated based on the average put on the market over the past two years by the Romanian producers it collaborate with, according to a media release. ...more »

In the attempt to eventually put an end to the dispute sparked following the introduction of the 7 eurocents excise duty on fuel, the Government has found the solution so as to implement that measure and at the same time, to get signed the Memorandum with the International Monetary Fund by the President....more »

Last year the Romanian accommodation industry recorded a growth in the number of tourists arriving in corresponding establishments, as well as in terms of overnight stays....more »

The European branch of the US based technology manufacturer plans to reorganize and expand its operations in an EU country where aims to establish a facility for the new production line of hydraulic cylinders. Also, the company considers relocating its European Division’s headquarter, Romania being an option, as the Ministry of Economy informs....more »

Jeongwoo Kim is the new president of the Romanian subsidiary of the South-Korean technology manufacturer, hence replacing Young Lak Jung who has managed Samsung Electronics Romania over the past four years. The latter will continue its cooperation with Samsung, being assigned a global position within the company, Mediafax informs...more »

The global specialist in energy management promotes Florentina Toth, currently Vice President of the company’s Energy Division, as Country President of the Romanian subsidiary. Thereby, starting February 1, 2014, Toth replaces Saulo Spaolanse, who has lead Schneider Romania since 2011 and who will take the same position within the group’s Singapore subsidiary....more »

OMV Petrom and ExxonMobil officially got the licence for the deepwater area in the Black Sea’s Midia XV perimeter after the Government’s Decision in that respect was published yesterday in the Official Gazette of Romania, according to an informing sent to the Bucharest Stock Exchange. With the decision in question effective, the contract concluded in October 2012 by ExxonMobil and OMV Petrom, on one side and Sterling Resources and Petro Ventures Europe, on the other, for transferring hydrocarbons exploration and production rights for the said area, came into force....more »