06.26.2024

Huawei, Ericsson and Nokia Networks, three of the largest global producers of equipment and services suppliers for the telecom industry, reported declining turnovers in Romania for 2023. more

09.14.2023

Nokian Tyres, a major player on the global tire market, operated a RON82 million capital increase this July, a sum added to the capital of Nokian Tyres Europe Operations SRL, in line with Trade more

03.08.2018

HMD Global, the Finnish company that revived the historic mobile phone brand Nokia, has become a top five smartphone vendor in Romania in only one year from the launch of its new feature phones and more

06.20.2017

Nokia on Tuesday said it will be expanding its campus in Romanian western city of Timisoara with the biggest research and development (R&D) center in the Romanian telecom industry and the total more

09.28.2015

De’Longhi, which bought the plant of mobile phone manufacturer Nokia in Jucu (Cluj) in 2012, is now the second largest exporter in the county after Emerson, three years after starting an about EUR30 more

04.28.2014

The Windows Phone operating system has registered strong growth in Romania, where it has become the second software platform on the market, ahead of Apple iOS and BlackBerry OS, stated the more

02.05.2014

Nokia Corporation sold its Romanian unit to Nokia Finland Oy for EUR18.84 million, part of the process of selling the Finnish group’s mobile phone business to technology giant Microsoft, Nokia more

10.05.2012

The European Commission approved Romania’s request for financial support to help the employees made redundant after Finnish mobile phone maker Nokia closed its local plant find new jobs or acquire more

07.09.2012

The Romanian subsidiary of Samsung last year posted turnover of EUR361 million, up 63% on the preceding year, shows data obtained by ZF from the Trade Registry. The net profit reported by the company more

02.20.2012

Finnish mobile giant Nokia, which had become no. 1 on the Romanian mobile phone market from the first few years of GSM technology, lost its leading spot in 2011 to South Korea’s Samsung, whose sales more

02.10.2012

Romanian companies exported a record EUR45 billion in 2011, 20% more than the previous year. Yet shipments abroad showed signs of a slowdown in the last quarter. more

01.25.2012

Household appliances producer De'Longhi will buy the Nokia factory in Cluj, Romania, having signed an agreement to this end with the Finnish communications company. more

01.23.2012

Italian home appliances manufacturer De Longhi, with global revenues of over EUR1.6 billion and 7,083 employees in 2010, is in advanced talks with representatives of the Cluj County Council to take more

01.13.2012

Nokia's departure was one of the worst news of 2011, as Romania loses one of its largest exporters and a major temporary work provider. But the worst may be yet to come. more

01.12.2012

Finnish company Nokia, the world’s largest cell phone maker, which has recently closed down its research and development division and the phone manufacturing plant in Cluj, also made in 2011 some more

12.08.2011

The Romanian unit of mobile phone maker Nokia on Thursday announced it has appointed Marcus Storkel as chief executive officer, replacing Razvan Petrescu at the completion of his three-year mandate. more

11.25.2011

Five hundred of the 1830 employees in Nokia’s Romanian production unit are leaving the company Friday and the rest will be leaving gradually by Wednesday, November 30, when the plant shuts down for more

11.11.2011

Officials with Nokia Romania said Friday they are working with authorities to analyze the situation and reach a satisfying outcome after the tax authority impounded its assets over a $10 million debt more

11.11.2011

Finnish mobile giant Nokia breached legislation by requiring tax exemptions for imports of electronic parts although the products were already assembled and came from outside the EU from countries more

11.11.2011

Romania’s tax authority ANAF impounded Nokia’s assets in Jucu, northwestern Romania, for a $10 million debt the Finnish mobile giant has amassed in unpaid custom taxes, ANAF chief Sorin Blejnar more

11.03.2011

The employees laid off from Nokia's plant in Romania will receive severance pay, as well re-employment counseling, training and development packages and support for entrepreneurs, the company more

10.21.2011

Regardless of why Nokia is leaving Romania, the effects of its departure will be strongly felt both at macroeconomic level and especially at local level. more

10.19.2011

U.S. giant Microsoft will not buy mobile phones maker Nokia, mainly because it is a software company, Microsoft Romania chief executive officer Ronald Binkofski said Wednesday, adding this is his more

10.18.2011

Romanian pharmaceutical company Terapia Ranbaxy and ZTE, one of the largest Chinese producers of telecom equipment, are interested in taking over Nokia's production halls at Jucu, once the plant more

10.11.2011

The decision of Nokia, the second largest exporter in Romania, to close the plant in Cluj will not affect the local international shipping market, as volumes continue to increase, especially in the more