Business Review

Government has announced a memorandum that approves the project for a public private partnership on the implementation of the general cadastre, the Ministry for Regional Development and Tourism (MDRT) has announced.

Simona Bazavan

37 national roads (DN) and 80 county roads (DJ) as well as the A1 and A2 highways are blocked this morning due to heavy snow fall in the past 24 hours and blizzard, informs Mediafax. Air traffic was also affected with 13 flights from the Henri Coanda International Airport and three form the Baneasa airport being cancelled.

Simona Bazavan

Part of its strategy to expand its local operations, DB Schenker Romtrans has leased 5,200 sqm of warehouse space in Phoenix Logistics Center. The transport and logistics company is part of the giant DB Schenker, one of the world’s logistics and transportation providers which bought Romtrans, the largest Romanian transports company, in 2008.

Simona Bazavan

Protests against austerity and poor living conditions enter their second week. People continued to gather in the main cities of Romania, but the University Square in Bucharest remained the central gathering point for people disillusioned with the status quo.

Ovidiu Posirca

The first online store operated by a local cash & carry retailer was launched this week by Metro Cash&Carry under the Metro Office Direct name (www.metro.ro/direct). The store targets companies and will sell a total of about 4,500 office stationery products and various electronic appliances.

Simona Bazavan

Romanian Marius Persinaru, formerly vice-president of DMO Channel Operations, was appointed chief commercial officer- general manager for technology and services for Central and Eastern Europe, Israel and Turkey (CIT).

Otilia Haraga

Italian electronic appliances producer De’ Longhi has signed an agreement with Nokia Corporation regarding the acquisition of the production unit in Jucu, Cluj, announced the Finnish company confirming rumors on the media market.

Otilia Haraga

Euroweb Romania has made new changes in its managerial structure, as Stuart Evers has been appointed the new CEO of the company.

Otilia Haraga

After inaugurating a nearshore center in Bucharest last year, German company SAP announced that it has started the process for hiring specialists in a new such center in Timisoara, where it will employ 60 specialists by the end of the year, the center already having at this point 22 specialists.

Otilia Haraga

Romanian meat producer Agricola Bacau saw total sales reach RON 508.5 million (approximately EUR 119 million) in 2011, up 20 percent y-o-y.

Simona Bazavan