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Cemacon reports 37 percent increase in nine-month turnover

Ceramic blocks producer Cemacon reported a 37 percent increase for the first none months of the year, compared to the same period of the previous year. The company posted for the first nine months of the year a net result of RON 3.76 million and a gross turnover of over RON 51 million.

Romania has 20 times fewer manufacturing companies than Estonia and Portugal

The Romanian economy has only three small and medium companies active in the manufacturing area per 1,000 inhabitants, while trade companies are three times more numerous, which shows that local business cannot surpass the survival stage with only companies which do not bring VAT.

Cement producer Holcim increases sales in Romania

Swiss cement producer Holcim increased its sales in Romania by 4.3% in the first nine months of this year compared to the same period of 2013, but the cement price declined by 1.1% in the same period, according to the group’s report.

Manufacturing industry will see a moderate growth trend in Q4 2014

Trading company managers estimate the manufacturing industry will see a moderate growth trend in Q4 2014, that there will be relative stability in the sectors of retail trade and services, whereas the construction sector will decline compared to the previous three months, shows data released on Tuesday by the National Statistics Institute (INS), based on short-term surveys.

Siemens restructures business in Romania

Siemens announced a new local structure on October 16, one of the most important changes being the consolidation of the company’s business around three poles: electrification, automation and digitization, which are also the main long-term growth directions.

Siemens finalizes Romanian software producer takeover

Siemens Romania has finalized the takeover of software producer LMS România SRL Braşov, which will be re-branded as Siemens Industry Software.

Frigoglass relocate its production from Turkey to its factory in Timisoara

Frigoglass, one of the most important companies on the glass pack and beverages cold stock systems market will relocate its production lines from the factory in Silivri, Turkey, to the unit owned in Timisoara.

Chinese companies willing to invest in Romanian IT

The Chinese companies are willing to invest in several Romanian sectors such as the information technology, steel-making, engineering, trade and infrastructure, said Shi Guangliang, deputy managing director of the Commerce Department of Chinese Shandong Region, who attended a seminar organised by Ernst&Young on Friday, Agerpres reports.

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