BUSINESS
Romania may lose 275k jobs due to automation - PwC About 600,000 jobs in Romania would be affected by digital changes caused by new technologies, according to the PwC Workforce Disruption Index. Of these, 275,000 may be replaced by automation, the report says.
Up to 400 employees of UiPath unicorn company facing layoffs Some 400 employees of Romanian unicorn UiPath are facing layoffs which would impact business areas which are not aligned to the main focus of the company, an UiPath spokesperson told Romanian website StartupCafe.ro. He thus reacted to information first published in international media that the company is about to fire personnel.
​​INTERVIEW Airbus Vice President: There is a risk of moving helicopter factory from Brasov to another country / Why helicopter model remained on paper only despite potential Why keep something that does not exist - or the building exists, but is not producing helicopters? So asks Airbus Vice President Olivier Michalon in an interview with HotNews.ro, regarding the factory Airbus opened near the city of Brasov, Central Romania. The factory was due to produce the H215M helicopter model both for the Romanian Army and for export. But the project remained on paper only as Romania did not issue any order.
Romania's nation brand drops in value but scores better in Brand Finance ranking The value of Romania's country brand has dropped in the Brand Finance ranking of nation brands this year, but the country scored better, advancing its rating, it was announced on Friday.
Romania's OMV Petrom reports new gas discovery in Oltenia, South Romania Energy company OMV Petrom has reported the discovery of a new hydrocarbon deposit in Gorj county in the Southern Romanian region of Oltenia. The resources are located in the proximity of the producting field at Totea.
Ford starts production of Puma SUV in Craiova, South Romania Ford Puma, the new city SUV from Ford, has entered series production in Craiova, South Romania. It is the first time that the factory there produces two models simultaneously under Ford ownership, 0-100.ro reports.
Romania may become gas hub following deal between Transgaz and Austrian CEGH Romanian gas transmission company Transgaz informed its shareholders and investors on Tuesday that it has signed a deal with Austrian Central European Gas Hub AG (CEGH) to cooperate for the establishment of a Romanian Gas Hub, a joint venture to operate the Romanian Virtual Trading Point.
​Romania Energy Ministry risking destruction of major profit-making energy company through fusion with burdened colossus Romania's Energy Ministry is trying to save the Oltenia Energy Complex (CE Oltenia), a colossus facing major financial issues, by pushing for a merger: CE Oltenia to be absorbed by Hidroelectrica, a major energy company with considerable profit. That might mean that the whole Hidroelectrica profit be passed to cover due payments amounting to billions of RON in the name of CE Oltenia, a company which will close within years anyway.
​Four Romanian entrepreneurs living in UK on their expectations about Brexit As the date of October 31 when the United Kingdom is expected to leave the EU is getting nearer, startup news webiste StartupCafe.ro has spoken with four entrepreneurs of the 500,000 Romanians living in Britain about their Brexit-related feelings.
Bucharest Stock Exchange promoted to Secondary Emerging status in "historic decision" FTSE Russel has promoted the Bucharest Stock Exchange from Frontier to Secondary Emerging Market, a move which was hailed by Romanian authorities and market representatives. "It's the news of the year", the president of the Romanian Investor Relations Association (ARIR) told HotNews.ro. "A historic decision", the Finance minister said for his part.​
DT-OTE group reportedly agreed to sell Telekom Romania fixed-line operations to Orange / Government, intelligence services officials summoned to analyse situation The Deutsche Telekom - OTE group has reportedly agreed to sale stake in Telekom Romania to Orange, but they still need green right from the Romanian state, which would have pre-emption rights, sources close to the talks have told HotNews.ro. Romanian Communications minister Alexandru Petrescu offered PM Viorica Dancila on July 22 to create and coordinate a inter-ministerial group uniting representatives of multiple ministries and intelligence service and a first session of the group was called for Wednesday, September 25.
Top executive of Romanian energy company Transelectrica dismissed over diploma forgery suspicions The top executive of Romanian major energy company Transelectrica, which is consider a strategic company, was dismissed on Thursday morning over allegations that he forged his faculty diploma. The decision to remove executive Marius Danut Carasol from office was made by the Transelectrica supervisory board.
Romanian authorities alerted by major companies' plans to sell assets, planned regulation shows All companies in the enegy sector may be forced to notify Romania's energy market regulator ANRE with a minimum 12 months in advance about any intention to change their judicial statute, a draft order of the ANRE which has been submitted for public consultation says. The bill comes at a delicate time for the local energy market.
UiPath to host first global event for RPA community in Las Vegas Daniel Dines, the Romanian who is CEO and founder of UiPath company, will talk on relations between man and robot at the first global event for experts and users of the Robotic Process Automation technology, due to take place in Las Vegas, a company press release says.
Romanian startup selected in Techstars Montreal AI accelerator MorphL, a Romanian startup developing AI technologies capable of learning and anticipating client behaviour, was admitted in a Canada-based accelerator, Techstars Montreal AI, less than two years since the company was established.
​Mistery company becomes one of Romania's biggest gas importers Gas market stakeholders have been watching the spectacular evolution of a limited company with only two employees which has become one of the biggest gas importers in Romania. In April this year, it even became the biggest importer, temporarily, with over 50% of total imports. Voices on the market claim the strings behind the company may lead to Moscow.
​Huawei calls US official statements about Chinese company in Bucharest "unfounded" and "politically motivated" Huawei on Tuesday reacted to statements made by US Ambassador to Europe Gordon Sondland in Bucharest last week, in which he urged Romania to become "Huawei-free". The company issued its own statement calling Sondland's position "unfounded" and "politically motivated".
CEZ Group tests sale of assets in Romania CEZ Group has launched a market test for the sale of assets in Romania, including its wind farm in the region of Dobrogea and distribution operations in Oltenia region, a company press release says.
​Romania a step away from European sanction over restrictions on gas exports Romania's energy market regulator has launched an emergency process over changes related to a government ordinance applying restrictions to gas trades. The emergency is caused by the fact that later this month the European Commission may bring Romania to justice over the said restrictions.
Romanian OMV branch attempts to take over several of Russian oligarch's gas stations Romania's Competition Council is analysing a deal by which a local branch of OMV Petrom, OMV Petrom Marketing SRL, takes over Art-branded gas stations controlled by a company called Art Petrol SRL. The company is controlled by Russian oligarch Rishat Safin, who years ago served as top executive at Lukoil and headed the Lukoil Europe Holdings.

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