Business (11)

The details of the forthcoming exposition of the Romanian pavilion of the world specialized exhibition Astana EXPO 2017 became known. This was announced by the press service of the Ministry of Foreign Affairs of Kazakhstan.

"The presentation of the Romanian pavilion at the international specialized exhibition EXPO 2017 was held at the site of the Research Center for Laser Technologies in Romania in Bucharest. The event was organized with the participation of the Horia Hulubei National Scientific Research Institute of Physics and Nuclear Engineering and the bilateral Chamber of Commerce and Industry of Kazakhstan and Romania", - the press service reported.

Romanian soap-brand Cheia, established more than 130 years ago, is looking to add Australia as an export market, local reports.

The brand, which was taken over by investor Alin Lazlo in 2012, already retails in Germany, France, Switzerland, Norway, Spain, Italy, UK, and Ireland as a natural product.

Three years after opening in Bucharest, the local Arthur Murray dance studio is getting ready for a consolidation year and ponders adding a second location.

The school takes its name after founder Arthur Murray, a US ballroom dance instructor and entrepreneur who opened his own dance studio in New York. During the 1930s, the studio offered such dances as the Lambeth Walk and the Big Apple, widely popular at the time. The first franchised Arthur Murray studio was set up in 1938 and in April 2014 Bucharest joined the network of more than 280 studios worldwide.

The trade volume between Romania and the US reached USD 2.67 billion in 2016. Romania’s exports to the US reached USD 1.96 billion while the American exports to Romania were USD 714 million, according to US customs statistics centralized by Romania’s Embassy in Washington.

Romania exported to the US computers and electronics worth USD 388 million, transport equipment worth USD 225 million, machinery worth USD 205 million, and plastic and rubber products worth USD 195 million.

Monday, 26 June 2017 13:50

Damen launches new Platform Supply Vessel

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Damen Shipyards has launched another Platform Supply Vessel in its yard in Galati, Romania.

Romanian offshore service provider GSP Holding is eyeing expansion in Nigeria, Africa’s largest oil producer. GSP said Wednesday it was in the process of entering the Nigerian oil & gas market, targeting projects worth over $500 million.

The Dacia plant in Mioveni has restarted its activity after dealing with the effects of last week’s WannaCry cyber-attack, the company announced.

ocal car producer Dacia launched yesterday the new Duster model equipped with EDC automatic transmission, which was taken over from Renault, reports local Ziarul Financiar.

Work has started on expanding Bucharest – based shopping mall AFI Palace Cotroceni, which will reach 82,000 sqm, from about 80,000, and plans are ongoing for another 8,000-sqm expansion phase, the mall owners have announced.

The current expansion work will start close to the Galaxy entrance, and will see the Reserved store reach the anchor size of 2,000 sqm. The same retailer which runs Reserved, LPP Fashion, will bring some other brands in its portfolio, Mohito and Sinsay.

Coffee shop Starbucks will also reopen under a new concept, covering more space, and including both a summer, and a winter terrace.

OMV Petrom, the most valuable local company listed on the Bucharest Stock Exchange, announced the appointment of Stefan Waldner as financial director and member of the company’s management starting July 1, following the resignation of Andreas Matje from that position.


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