MCR 2015 PDF

MAJOR COMPANIES IN ROMANIA
2015
EDITION
EDITED BY IBP WWW.DOINGBUSINESS.RO
2400 COMPANIES ANALYZED

BANKING & FINANCE ENERGY CHEMICALS PHARMACEUTICALS GLASS & CERAMICS METAL MACHINERY
ELECTRIC & ELECTRONIC EQUIPMENT IT&C INDUSTRIAL ENGINEERING CONSTRUCTIONS REAL ESTATE
WOOD, PAPER & FURNITURE TEXTILE & LEATHER AGRICULTURE FMCG TRADE TRANSPORT & CARGO
AUTOMOTIVE PROFESSIONAL SERVICES BUSINESS SERVICES MEDIA & ADVERTISING HEALTHCARE
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2015
EDITION
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MCR CONTENT 2015 EDITION
006 EXCEPTIONAL PLAYERS, OUTSTANDING RESULTS

By Bogdan Ion, Country Managing Partner, EY Romania
009 RANKING METHODOLOGY FOR MAJOR
COMPANIES IN ROMANIA
By EY Romania & doingbusiness.ro
010 A GOOD YEAR
By Radu Soviani, Economic Analyst and Journalist
013 BANKING & FINANCE

STRONGER BANKS MEAN MORE FINANCIAL RESOURCES
FOR THE REAL SECTOR
By Ella Kallai, Chief Economist, Alpha Bank
THE NEW NORMAL MEANS A NEED FOR FINANCIAL
SERVICES INNOVATION
By Ufuk Tandogan, CEO, Garanti Bank Romania
PRUDENTIAL APPROACH AND FINANCIAL STABILITY,
MAIN CONTRIBUTORS TO SUCCESS
By Remi Vrignaud, CEO, Allianz-Tiriac Asigurari
VOLUNTARY PENSION FUNDS, A SMART MOVE FOR OUR
FUTURE
Interview with Melania Mirea, Executive Director, BCR Pensii
FINANCIAL LEASING A FLEXIBLE PRODUCT, ADAPTABLE
TO A DYNAMIC MARKET
By Jan Kotik, General Manager, BRD Sogelease
CONSTANT EVOLUTION FOR THE OPERATIONAL
LEASING MARKET
By Shane Dowling, General Manager, ALD Automotive Romania
TOP MCR:
Banking
Insurance
Pension Funds Administrators
Financial Leasing
Operational Leasing
Capital Market Intermediaries
Fund Management
045 ENERGY
ENERGY MARKET SEEN THROUGH THE EYES OF CEZ
ROMANIA
By Martin Zmelik, Country Manager & President of the Board,
CEZ Romania
003-005 cuprins.indd 3
TOP MCR:
Retail Trade of Fuels, Gas Stations
Wholesale of Electricity and Fuels
Oil & Gas Extraction and Distribution
Power Generation and Distribution
053 CHEMICALS
TOP MCR:
Waste Management
Wholesale of Chemical Products
Plastic and Rubber, Except Tires
Manufacture of Chemicals
Paints, Varnishes, Inks and Mastics
059 PHARMACEUTICALS
TOP MCR:
Retail Trade of Pharmaceuticals
Wholesale Trade of Pharmaceuticals
Manufacture of Pharmaceuticals
063 GLASS & CERAMICS

TOP MCR:
Manufacture of Ceramic and Ceramic Products
Manufacture of Glass and Glass Products
067 METAL
TOP MCR:
Wholesale of Metal and Metal Ores
Manufacture of Primary Metal Products
Manufacture of Metal Products
073 MACHINERY
CREATING VALUE FOR CUSTOMERS WHILE KEEPING A
CLOSE EYE ON EFFICIENCY
By Liviu Chelaru, Country Manager, Atlas Copco Romania
TOP MCR:
Wholesale of Machinery, Industrial Equipment, Ships and
Aircrafts
Manufacture of Machinery, Industrial Equipment, Ships and
Aircrafts
081 ELECTRIC & ELECTRONIC EQUIPMENT

TOP MCR:
Trade of Electric and Electronic Equipment
Manufacture of Domestic Appliances
Manufacture of Electric and Electronic Equipment
10/28/15 3:34 PM
085 IT&C
SELF-SERVICE DATA VISUALIZATION AND EXPLORATION,
A GROWING TREND
By Daniel Pana, Country Manager, SAS Analytical Solutions
TOP MCR:
Computer Programming, Consultancy and Related Activities
Manufacture and Sale of Computers and Peripheral Equipment
Manufacture and Sale of Communication Equipment
Telecommunications
097 INDUSTRIAL ENGINEERING

TOP MCR
Industrial Engineering
099 CONSTRUCTIONS
TOP MCR
Architects
Residential and Industrial Buildings
Hydro-Technical Constructions
Equipment for Constructions
Utility Projects for Electricity and Telecommunications
Roads, Railways, Bridges and Tunnels
Electricity Infrastructure Projects
Building Materials
107 REAL ESTATE

NEW DEVELOPMENT PROJECTS ON A GROWING LOCAL
MARKET
By Sorin Visoianu, Country Manager Office & Logistics Romania
& Bulgaria, IMMOFINANZ Group
ROMANIA HAS A TRUSTWORTHY ECONOMY AGAIN
By Adrian Crivii, General Manager, Darian DRS SA
TOP MCR:
Agencies
Developers
Evaluation Companies
Asset Managers
Property & Facility Management
119 WOOD, PAPER & FURNITURE

TOP MCR:
Retail Trade of Furniture, Carpets and Lighting Equipment
Manufacture of Paper and Paper Products
Manufacture of Furniture
Manufacture of Wood and Wooden Products
125 TEXTILE & LEATHER

TOP MCR:
Retail Trade of Clothing in Specialised Stores
Retail Trade of Footwear and Leather Goods
Manufacture of Wearing Apparel
Manufacture of Footwear and Leather Goods
Manufacture of Textile Fibers and Textiles
131 AGRICULTURE
TOP MCR:
Farming and Processing
Crops and Processing
Fruit and Vegetables
137 FMCG
2016 BRINGS FOOD INDUSTRY GROWTH, FOLLOWING
THE EXPECTED GENERAL VAT CUT
By Khaled el Solh, CEO, Caroli Foods Group
TOP MCR:
Water and Soft Drinks
Beer
Wine
Spirits
Coffee and Tea
Cocoa, Chocolate and Confectionery
Sugar
Condiments and Seasoning
Oils and Fats
Dairy Products
Grain Mill Products and Starches
Tobacco
Home and Personal Care
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149 TRADE
MAXIMIZING SALES BY BRINGING INNOVATION,
OPTIMISING EFFICIENCY AND CONFIDENCE
By Alexandru Chiru, Country Manager, HL Display
TOP MCR:
Cash & Carry
Hypermarkets
Supermarkets
Malls and Shopping Centers
Do-It-Yourself
Distribution Companies
Miscellaneous, Distribution Companies
E-Commerce
159 TRANSPORT & CARGO

DEMAND FOR INTERNATIONAL EXPRESS REMAINS
BUOYANT IN 2016 AND BEYOND
By Daniel Kearvell, Managing Director, DHL Romania
SPECTACULAR EXPORTS SET OFF FREIGHT TRANSPORT
GROWTH
By Catalin Putineanu, Managing Director, IB Cargo
CUSTOMERS REMAIN THE CORE OF OUR BUSINESS, IN
THE AIR AND ON THE GROUND
By Alexandru Dobrescu, Country Manager, AIR FRANCE KLM
ROMANIA
TOP MCR:
Postal and Courier Companies
Road Transport
Rail Transport
Freight
Maritime and River Transport
Air Transport
177 AUTOMOTIVE
COMPANIES, THE MAIN DRIVERS FOR GROWTH ON THE
AUTOMOTIVE MARKET
By George Kyriazis, Toyota Romania, Managing Director Balkans
(Romania, Bulgaria, Macedonia, Albania)
TOP MCR:
Automotive Producers and Importers
Car Dealers
Automotive Parts Producers
Automotive Parts Distributors
187 PROFESSIONAL SERVICES

BUSINESS CONSULTING A CATALYZER FOR INNOVATION
AND ECONOMIC CHANGES
By Christian Gurny, Country Leader, BearingPoint Romania
EXPERIENCE ON ONE MARKET. TRANSFER OF

KNOW-HOW. TACKLING ISSUES ON OTHER MARKETS.
FINDING INTEGRATED SOLUTIONS.
By Prof. Dr. Jrg K. Menzer, Partner, Noerr
WHY PERSONAL DEVELOPMENT IS ESSENTIAL FOR
SUCCESSFUL CORPORATE CULTURES
By Dana Tudor Tanase, Managing Partner, Creative & Bright
TOP MCR:
Management Consulting Companies
Audit, Accounting, Fas and Tax Companies
Outsourcing
Executive Search
Training & Professional Qualification
HR Management and Recruitment
Pay-roll
Certification Companies
Market Research Companies
Legal

205 BUSINESS SERVICES

SKILLS, EXPERIENCE AND PASSION THE KEYS TO A
SUCCESSFUL BUSINESS
By Raluca Gavrilescu, General Manager, Central Travel
FURTHER GROWTH AND VARIETY IN THE AREA OF
EMPLOYEE BENEFITS
By Vianney du Parc, General Manager, Edenred Romania
TOP MCR:
Meal Vouchers & Gift Cards
Travel Agencies
Hotels
Printing
Security Companies
217 MEDIA & ADVERTISING

TOP MCR:
Media Agencies & Publishing Houses
Advertising Agencies
PR Agencies
221 HEALTHCARE
HIGHER EXPECTATIONS FROM PATIENTS TRIGGER
DENTISTRY MARKET GROWTH
By Oana Taban, Ceo & Founder DENT ESTET
TOP MCR:
Dental Centers
Medical Centers
10/28/15 3:34 PM
MCR FOREWORD
006-007 Foreword bogdan.indd 6
10/27/15 4:20 PM
EXCEPTIONAL PLAYERS,
OUTSTANDING RESULTS
By Bogdan Ion, Country Managing Partner, EY Romania
EY ROMANIA IS
HONORED TO
BE PART OF THIS
MAJOR PROJECT
for International Business
Promotion, an important analysis
that any business environment
needs to engage in each year.
We speak many times at
macroeconomic level about GDP
growth and market trends when
comparing the evolution of
Romanian economy year on year
and sometimes we do not stress
enough the performance of
individual firms. However, it is fair
to say that some of the economic
players have outstanding results that
change the game of the industry
they are active in and set the
benchmark for the other firms. They
are the top performers that, at
microeconomic level, weave the
entrepreneurial and business
environment of Romania. We need
to celebrate their achievements in
order to inspire future success in
our business community. That is
why I want to congratulate
International Business Promotion
for this incredible 18th edition of
Major Companies. Last year
Romania saw better economic
conditions which stimulated further
economic growth. However, foreign
direct investment (FDI) in Romania
006-007 Foreword bogdan.indd 7
entered a negative territory in 2014,

after increased FDI levels in 2012
and 2013. The FDI level stood at
EUR 2.43 billion in 2014, according
to National Bank, 11% less than in
2013 and well below the 2008
record of EUR 9.5 billion.
In the same time, with 24 SMEs per
thousand inhabitants, Romania has
the second lowest SME density in
the European Union, well below the
European average of 40 SMEs and
the average in countries like
Hungary (57 SMEs per thousand
inhabitants) and Bulgaria (41).
And the trend was not positive in
2014, when the number of newly
established companies was 101,000,
almost 19% lower than in 2013,
representing the lowest number of
companies created in the last seven
years in Romania. We now know
that 2015 was a much better year for
FDI and the business creation rate,
both entering positive territory.
However, it is still true that
Romanias economy is heavily
reliant on the contributions of large
players, making the more important
for us the endeavor to recognize
their role in the lives of their
employees and their community.
Coming back to entrepreneurship
activity in 2015, I want to note that
Romanian business leaders are
focusing on growth, while business
sentiment is on the rise. 55% of
business leaders show confidence in

the current economic direction of
the country, according to our
business outlook barometer A
vision for growth. The outlook for
turnover growth is also positive:
40% of companies foresee a
significant growth of +10% to +31%
of turnover in H2 2015. 44% report
increase in the capital expenditure,
while 9% say they will register a rise
in investments, exceeding +30% this
year, compared to 2014. This trend
is set to continue in the following
year, with 27% of entrepreneurs
feeling very confident in the growth
of their own company. This
progression will likely be the effects
of 2014 investments, as well as focus
on productivity increase (28%) and
diversified production (20%). Cost
reduction, the first reaction to the
economic crisis in 2009, still
remains in the top three strategies
for raising competitiveness.
The financial results of the top
performers of Romanian economy
should be seen in this largest
context. In the end, I would like to
say that we look forward to support
the International Business
Promotion initiative and challenge
Romanian top players to undertake
the reflexive endeavor of
benchmarking their performances
against the competitors, in the years
to come.
10/27/15 4:20 PM
008 R EY.indd 8
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RANKING
METHODOLOGY
FOR MAJOR
COMPANIES
IN ROMANIA
Developed by EY Romania and doingbusiness.ro
EY ROMANIA AND
DOINGBUSINESS.RO
DEVELOPED THE
PRESENT STUDY
by analyzing a composite mix of
indicators based on the results
reported by companies registered in
Romania for 2014. EY Romania,
together with doingbusiness.ro,
have put together an in-depth
assessment algorithm, which
balances the most relevant business
performance indicators, factoring in
the particular conditions of todays
economic context. The ranking
methodology includes a scoring
system by which each company is
assessed, based on turnover,
financial and non-financial aspects,
all considered by separate weights
which reflect our insights regarding
the specifics of doing business in the
local market.
The most important criteria taken
into consideration by our
methodology was the turnover
reported by companies. This was
further weighted alongside other
financial and non-financial
performance aspects. The indicators
included in this methodology are
computed based on public
information disclosed either by
009 Ranking methodology.indd 9
authorized bodies and institutions

or by the companies themselves.
The analysis of non-financial
indicators was applied to aspects
such as average number of
employees, type of company (listed,
unlisted, large companies, SMEs or
microenterprises), corporate social
responsibility and environmental
initiatives developed in Romania as
well as the contribution to
developing a local brand.
The financial indicators were
computed based on information
extracted from annual financial
statements as at 31 December 2014.
A number of financial indicators
were selected, such as Total assets
turnover, Earnings before Interest,
Taxes, Amortization and
Depreciation (EBITDA) growth,
Current Ratio, Return on Equity
Ratio, Debt to Equity Ratio and
Interest Coverage Ratio.
Each indicator has been assessed
based on a scoring grid from 1 to 5
allotted for specific value intervals, 1
being the value assigned for the
lowest performance and 5 being
assigned for the highest
performance.
We have developed a separate
methodology for the banking sector.
Apart from Total Assets, which
represent the major size measure,
we have considered other indicators

such as: Net Banking Income
growth, Return on Equity, Cost/
Income Ratio, Net Interest Income/
Income Bearing Assets, Loans/
Deposits Ratio. Furthermore, for
insurance companies we have
considered the Gross Written
Premiums (GWP), while for leasing
companies we have considered
annual turnover.
With this revised approach,
Major Companies looks at the
performance of companies
registered in Romania that have
filed the financial statements for the
year ended 31 December 2014 with
the Trade Register. Companies that
have not submitted their financial
statements for 2014 were not
included in this analysis.
EY Romania was pleased to bring its
contribution to Major Companies
drawing upon its significant
experience in serving leading
companies and investors across
various industry sectors. Our 20
years of experience on the local
market allowed us to thoroughly
customize the research algorithm in
order to reflect the particular aspects
of doing business in Romania.
You may access the ranking
methodology at mcr.doingbusiness.ro.
10/27/15 4:19 PM
10
MCR EDITORIAL
A GOOD YEAR
By Radu Soviani, Economic Analyst and Journalist
2014 WAS
DEFINITELY A
GOOD YEAR IF WE
ARE LOOKING AT
THE ECONOMY AS
A WHOLE
(this is, in simple words, the

definition of macroeconomics). We
had another year of GDP growth,
the fiscal deficit was cut, the
current account deficit or the
external deficit became modest
(this is basically the difference
between how much money is
invested in an economy and how
much is saved) and the public debt
rose modestly. It is hard to define
the dimension of a good year in
terms of employment in 2014, while
there are still doubts about how
many people are employed (there
are big discrepancies, from the
National Institute of Statistics, to
the Ministry of Labor), but
definitely, we did not have a bad
year: the economy produced jobs.
It is easy to see that the private
sector learnt its lesson: never miss a
good crisis for adjusting. Before the
crisis, the negative private sector
contribution to the external deficit
was 78%, while now it has a positive
contribution (the external deficit
would have been higher if it had not
been diminished by the savings of
the private sector). So, we are able to
conclude that the private sector is
more prudent after acknowledging
its vulnerabilities during the crisis.
A look at the consumers and their
employment perspective shows us
010-011 editorial.indd 10
that, from the employment side,

2014 looked better compared to the
bottom phase. In 2011, the average
number of employees was 4.34
million (yes, the crisis slashed 700
thousand jobs from the peak of 5
million jobs in 2008), while the
official statistics reported 4.42
million as the average number of
employees for 2014 (+80,000 jobs
compared to 2011).
A different look at the jobs market
from the good, the bad and the
ugly perspective shows that the
good is that the economy is
recovering while producing jobs.
The bad is that the job recovery
leads to a total employment still
half a million lower compared to
the pre-crisis level. The ugly is that
the 2014 number is even lower
than in 2004. The sum of all this
news is rather positive for the
business environment which
generated in 2014 the same GDP as
in 2008, while using less human
resources and less money: the
compensation of employees in
2014 stood at 31.3% of GDP
(compared to 39.3% of GDP in
2008). That means efficiency for
the companies and a lower share of
the GDP distributed to the work
force. There is also a good side for
the consumers: while the economy
has a lot of room recovering in
terms of employment, the jobs
might be easy to find in the future
(and 2015 proved this). So, the
macroeconomics tells to the
consumers that it was easier to find
work in 2014 (and further on), the
inflation numbers show them the

goods and services will become
more expensive at a moderate rate,
while the monetary policy and the
interest rates show that it is less
expensive to borrow money.
Therefore, for the consumers, in
terms of macroeconomics, 2014
was a good year.
Secondly, we take a look at the
businesses. They use
macroeconomics to find out if the
market will welcome their
expanding production. In 2014, the
economic recovery was triggered by
the consumption and the forecasts
predict that consumers will have
more money to buy goods and
services from the companies.
Additionally, some more disposable
income was signaled through a
VAT decrease for food and nonalcoholic beverages and we know
for sure now that further cuts will
be implemented in 2016. In other
words, we have a huge stimulus for
the companies to increase their
production: while the 2014 GDP
already recovered to its 2008 level,
and so did the consumption (and it
is worth mentioning as a negative
contribution the decrease of the
public investment to 60% of the
2008 level).
Thirdly, we take a look at
macroeconomics through its utility
for the government: clues for
budgeting, creating or modifying
taxes and making policy decisions
on the fiscal side. From the
monetary point of view,
macroeconomics helps decide on
10/28/15 1:47 PM
11
interest rates, so it influences the

availability of credit in the
economy. Monetary speaking, the
interest rates in 2014 were at
record lows and on the fiscal side,
taxes were created or adjusted in a
favorable external environment
(huge amounts of money pumped
in by the central banks and lower
prices for oil and energy). So, the
fiscal intervention was not able to
distort the macroeconomic
equilibrium, even if it showed its
propensity for this. The public
spending showed that the
administration chose to achieve
fiscal consolidation by decreasing
the investments, even if it had
plenty of scope for improvement as
a consequence of the extra cash
provided by an increased economic
activity. That contoured a deceptive
foreplay for what is happening in
2015 in terms of public
infrastructure.
But even so, there was some good
news for the companies: the
diverted cash from investments to
consumers through budgetary
policy gave legitimate reasons for
companies to forecast more
production, more profits and,
finally, additional expectations for
good years in the short term. In the
long term, we have a different story,
briefly a demonstrated recipe for a
deterioration of the public finances,
which I argue, will bring a brand
new budgetary crisis until 2018.
And we already know what a
budgetary crisis means: high
inflation, a devaluated exchange
010-011 editorial.indd 11
rate, higher interests in order to

fight inflation and, finally, zero
economic growth, or even negative.
Meanwhile, the business
environment chooses to be
optimistic and defines 2014 just as
it was: a good year. As long as the
stakeholders of the companies have
positive results, those firms will
have a good year in terms of
financial stability and capacity to
fulfill their commitments for their
stakeholders and for their partners,
while maintaining potential for
further growth. For instance, the
assessment of the insurance
industry for the current state of the
industry shows that, on a scale of 1
to 10 (where 10 is the highest
convergence with the EU average),
Romania stands at 3. For the
professional services companies,
you will see that a good year is
defined by not suffering any loss of
quality of the services provided,
while enhancing the internal
development. The advisors will
generate business even if they have
as clients companies planning new
investments or looking for
adjusting their investment plans
due to an unpredictable tax burden,
but they prefer the first category.
Other managers perceive a demand
for some of their customers to
relocate production from Western
Europe and Asia to Eastern Europe,
as long as the economic growth
remains healthy.
For some of the companies, 2014
was a good year because targets
were achieved. But now, they aim
for an excellent year defining it as

a period when the market evolves
within the anticipated parameters,
they wish to overachieve their
targets by being innovative and to
see a stable legal framework.
Reading a CEOs assessment, you
will be able to see the
characteristics of a good year:
having new clients, using
innovative digital solutions, high
profitability and retention of the
employees, in other words, a
growth which needs to be
celebrated, as enjoying success is
planting the seeds of future growth.
Finally, I try to spot a major
difference between a good year
and a Goodyear. I coined the
second one from the American
inventor Charles Goodyear, who is
credited for the invention of
vulcanized rubber (the chemical
process for converting natural
rubber into more durable
materials). That is the challenge for
2016 and beyond: to make the
economic growth more durable. I
would be pleased to entitle my
opening article in 2016 as A
Goodyear, as I see that the business
environment is now ready for this.
Unfortunately, so many times the
political decisions distorted the
business climate and this is the
greatest danger for 2016, coming
from the public finances one time
too many, they have generated selforiginated vulnerabilities by not
respecting any fiscal rules instead
of planting the seeds for durable
growth.
10/28/15 1:47 PM
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BANKING & FINANCE

BANKING
INSURANCE
PENSION FUNDS ADMINISTRATORS
FINANCIAL LEASING
OPERATIONAL LEASING
CAPITAL MARKET INTERMEDIARIES
FUND MANAGEMENT
013 garda banking.indd 13
10/26/15 12:31 PM
14
MCR BANKING & FINACE
INTERVIEW
STRONGER BANKS
MEAN MORE FINANCIAL
RESOURCES FOR THE
REAL SECTOR
Ella Kallai, Chief Economist, Alpha Bank
1.
Banking in Romania is favoured by

unprecedented conditions of low interests.
How are these conditions reflecting in the
credit market?
The average interest rate on new
RON loans granted by credit institutions
to non-government sector declined by
1.3pp between July 2014 and July 2015,
following closely the decline in the
monetary policy interest by 1.5pp in the
same period. Thus, the interest rate
reduction judged suitable by the Central
Bank for the current economic
conditions was transmitted in the
economy.
Is the credit market still
constrained by the nonperforming loans? Please
detail the current market conditions.
The non-performing loans ratio was
12.82% in July 2015, down by 4.9pp
compared to July last year. It is a
considerable improvement and it is
reflected in the rising amount of the
new loans, but not yet in the amount of
the stock of loans, which remained flat.
Which economic sectors are
very attractive for banking in
2015-2016?
Any project deemed profitable and
acceptable from the risk point of view is
attractive for banking. For more specifics, the changes
in the structure of loans granted and commitments
2.
3.
014-015 opinie alpha bank.indd 14
assumed by credit institution are a good source of

information. According to this indicator, it appears
that the shares of industry and of financial
intermediation and insurance are
higher now compared to one year ago.
What makes Alpha Bank
unique on the Romanian
banking market in terms of
customer relations or other aspects?
Our more than 20 years of experience
on the Romanian market gives us a
valuable comparative advantage in
terms of knowing the customers and
their needs in different economic
circumstances.
As a banker, how do you see
the normal path: first you
have to see the economic
growth gathering steam and then the
credit market amplifies the tendency
or vice-versa?
The history of financial intermediation
shows that the financial business cycle is
longer than the real business cycle.
Therefore, the credit is extended after
the economy enters into recession and
amplifies after the economy starts its
cyclical expansion.
A major problem of Romania
has been the euroization of bank
portfolios. Do you see the risk of
foreign currency portfolios amplifying again in the
future? Please detail.
A SUSTAINABLE
CONVERGENCE
TOWARDS HIGHER
LIVING STANDARD
SHOULD BE THE
CONCERN FOR
NOW, RATHER
THAN THE
ADOPTION OF
EURO.
4.
5.
6.
10/26/15 7:08 PM
15
The euroization of loans was needed in order to be

affordable, given the large interest rate differential
between the rates in euro loans and RON loans. The
interest rate differential disappeared and it is likely not to
return. The driving force for euroisation of loans is gone.
Do you see a consolidation tendency of the
banking sector in 2015-2016 (less banks,
mergers and acquisitions, etc.)? What is
your view on the consolidation and what will this
represent for the Romanian market?
The banking sector will consolidate further for the
benefit of the Romanian economy, since stronger
banks mean more financial resources for the real
sector.
Is the banking system prepared for Romania
joining the eurozone? Do you think that the
euro adoption should happen rather sooner
or later? Please detail.
Banking means financial intermediation which does
not depend on the type of the currency. If Romania
adopts the euro, the Romanian banking system will be
part of the Banking Union, coordinated by the
European Central Bank. Of course, joining the
Banking Union is possible prior to the euro adoption.
The results of the asset review and stress test, when
7.
8.
014-015 opinie alpha bank.indd 15
concluded, will show how prepared the Romanian

banking system is for this step. A sustainable
convergence towards higher living standard should be
the concern for now, rather than the adoption of euro.
It turns out that convergence towards higher living
standard occurs faster outside the euro zone than
within.
The credit/ deposit ratio is under 100%
after a long time. How has the deleveraging
process developed? What are the
consequences?
Deleveraging was gradual. The loan/ deposits ratio
declined from the highest value reached in the
beginning of 2009 (1.34) to 1 in December 2013 and
0.9 in December 2014, the value around which the
ratio fluctuated up to July this year. The main
consequence of deleveraging is that the dynamics of
loans is more correlated with the dynamics of domestic
savings. Therefore, stimulating domestic savings
means stimulating lending.
What constitutes a good year for
Alpha Bank?
A good year for Alpha Bank means
satisfied stakeholders: clients, employees and
shareholders.
9.
10.
10/26/15 7:08 PM
16
MCR BANKING & FINANCE
016-018 opinie Garanti.indd 16
10/26/15 3:36 PM
17
INTERVIEW
THE NEW NORMAL MEANS

A NEED FOR FINANCIAL
SERVICES INNOVATION
Ufuk Tandogan, CEO, Garanti Bank Romania
1.
What is the new normal in banking in

2015, after an intense deleveraging process?
Prudence has become a keyword post-crisis.
Banks have now tighter risk policies, especially in
commercial lending. Consumer-wise, indebtedness is
still high and new retail lending is going on a different
path after the law changed in 2012. Operational
expenses of banks are also in focus as they will be
decreased and new restructurings will be seen, as well
as consolidations.
On the other hand, despite the deleveraging process,
clients are now more careful when talking about making
financial decisions, so banks have to bring
new and high-quality products to gain
and maintain consumers confidence.
Therefore, the new normal also means a
need for innovation in terms of financial
services that meet clients needs.
How does the higher-thanexpected economic growth
reflect on the Romanian
banking system? How does the growth
reflect on your bank?
It should be mentioned that there are
some important factors that have put a
lag between the evolution of the banking sector and the
economy. Just to mention a few, the dominance of
multinationals in the economy that relies first of all on
financing from abroad, infrastructure projects that are
still suffering, low urbanization and discrepancies
between the income level of urban-rural population
all these are slowing down the growth of the banking
system.
However, we started seeing the light at the end of the
tunnel. Considering the fact that the economic growth
reflects in a significant way on the banking system and
2.
vice versa, we are expecting a positive growth in the

near future in banking, while we foresee a 3% increase
of GDP, and of 3.5% for 2016.
Despite all of the above, Garanti Bank has had a very
good first half of the year. Lending and customer
deposits have registered and continue to register
remarkable evolutions. The second quarter has played
an important role in our overall results and we expect
the rest of the year to continue to be very dynamic.
After the crisis, as a defense measure against
NPL, the banks in Romania looked for less
risk, so less banking. Is credit back on the
market?
NBRs measures regarding NPLs were
taken for the systems wellbeing. Though
it has been contracting for a while, now
that the market is back on the rise,
lending is picking up as well. Last year,
new loans have increased by 15%
compared with 2013, amounting to RON
51 billion. In the first semester of this
year, the new loans volumes increased by
18%, compared to the similar period last
year, up to RON 29 billion, heavily
supported by housing loans in local
currency. Our overall loan volume stock in all segments
(SME, corporate and retail) reached, in the first
semester, RON 6.27 billion, representing a 27.8%
increase year-on-year.
We are currently in the lowest interest rate
environment ever registered for loans in
the local currency. Do you see the possibility
of a further decrease?
The key interest has diminished gradually in the past
two years. Every reduction of the monetary policy
interest rate of National Bank of Romania usually
3.
INNOVATION WILL
ALWAYS BE THE
HOT TOPIC FOR
THE NEW
BANKING, IN THE
ERA OF INTERNET
OF THINGS.
4.
10/26/15 3:36 PM
18
translates into a diminishing of banks loan interests in

lei, thus encouraging this specific type of lending and
supporting the local economy.
The reduction of bank interest rates, nonetheless,
depends on more than just one factor. They depend on
every banks clients, their needs of specific product and
their businesses. It is a complex topic and must be
addressed from all angles.
If we are to talk about the near future, by the end of
2015, we might still see a decreasing trend. A slight
upward adjustment of interest rate is expected by 2017,
when the monetary policy rate is expected to be hiked.
But overall, the low interest rate environment is
expected to persist, driven by the anticipated loose
monetary conditions, both in Romania and the EU,
until the end of 2016.
What are the risks for 2015-2016?
Nationwide, the main risks are related to
further modest dynamics of
loans to companies, despite the
sustainable growth potential and lower
risk associated with loans in foreign
currency, amid the widening share of
domestic currency loans.
Internationally speaking, there is some
uncertainty surrounding global economic
growth, driven by the expected reversal
of the downward trend in interest rates
worldwide, and by the slowdown of the
Chinese economy, which is already
heated up.
Is there any room for
innovation in banking in 2015?
Banking is, first of all, a service industry. And
when you talk about a service business, you have to
integrate the technology in your speech. Good service
means you have to be exactly at the right place, at the
right time, whenever your customers need, and even
before they know that they need you. This is only
possible with technology and, of course, innovation,
which is the implementation of technology at the
service of customers. Now a bank is in the pockets of
people. And I can say that there is still a distance to
cover, even when we are at the closest distance to a
customer. Innovation will always be the hot topic for
the new banking, in the era of Internet of Things.
I am comfortable to say this, being a member of one of
the most innovative Banking groups in Europe.
5.
6.
7.
Garanti Group has put a lot of effort in

raising capital from international financial
institutions like IFC or EIB and directing
the funds towards SMEs. How has this strategy
worked? And why has it worked?
Partnerships with international financial organizations
play a highly important role in supporting the local
business community, as we join forces to help stimulate
economic growth and internal production.
For example, the agreement we have signed last year
with the IFC, member of the World Bank Group, has
translated into great funding opportunities for SMEs,
amounting to EUR 35 million.
EUR 20 million out of this total amount was dedicated
to women entrepreneurs, assuring a significant increase
of their appetite for investment and equilibrating their
cash-flow. The strategy was based on offering tailor
made complex financial solutions, customized analysis
of customer needs and support for
successful completion of projects initiated
by small and medium enterprises.
You have been in Romania for
a while now. In your opinion,
regarding banking, what will
2015-2016 look like (similar to what
banking year in Romania)?
Every year has its own traits. Last year
for example, the key interest rate has been
reduced considerably, which subsequently
had a positive impact on lending in the
local currency. This year, the systems
NPL ratio dropped a few percentage
points. Next year, we might see some bank exits from
the market and possibly some mergers or portfolio
acquisitions.
What constitutes a good year for Garanti
Group?
Every year in which we manage to satisfy our
clients needs, maintain a balanced portfolio and
contribute to the development of the local economy, is
a good year for Garanti Group.
2015 has been great thus far for us. Earlier this year,
the international rating agency Fitch Ratings has
upgraded our long-term IDR to BBB-, (Outlook stable),
our short-term IDR to F3, our Support Rating to 2,
and our Viability Rating to b+. Our strategy is to
continue to grow sustainably on the long-term and
Fitchs decisions confirm that we are on the right track.
LENDING AND
CUSTOMER
DEPOSITS HAVE
REGISTERED AND
CONTINUE TO
REGISTER
REMARKABLE
EVOLUTIONS.
8.
9.
10/26/15 3:36 PM
019 R Garanti.indd 19
10/26/15 1:10 PM
20
BANKING
RANK BY
MCR
SCORING
RANK BANK NAME
PEERS MORE THAN 4% MARKET SHARE

1 BANCA COMERCIALA ROMANA (BCR)
2 BRD - GROUPE SOCIT GNRALE
3 BANCA TRANSILVANIA
4 RAIFFEISEN BANK
5 UNICREDIT BANK
6 CEC BANK
7 ING BANK N.V., AMSTERDAM - SUCURSALA BUCURESTI
ALPHA BANK ROMANIA

8
MCR
SCORING
TOTAL ASSETS
2014 (RON)
3.8000
59,037,134,171
16.46% -2,629,568,499
3.9000
45,179,978,453
12.60%
43,239,842
4.3000
35,619,511,776
9.93%
434,329,895
4.2000
28,734,585,249
8.01%
501,366,835
3.8000
28,698,394,956
8.00%
80,293,321
3.7000
27,988,487,757
7.80%
7,726,560
3.6000
18,738,467,088
5.22%
280,009,185
RANKING BY MCR SCORING: 8

TOTAL ASSETS 2014 (RON): 16,955,118,343
MARKET SHARE: 4.73%
PROFIT/ LOSS 2014 (RON): -139,657,933
GARANTI BANK
5
PROFIT/ LOSS
2014 (RON)
Bucuresti, Sector 1
www.alphabank.ro
SERGIU OPRESCU
Executive President
MCR SCORING: 3.2000
PEERS BETWEEN 1% AND 4% MARKET SHARE

1 VOLKSBANK ROMANIA
2 BANCPOST
3 PIRAEUS BANK ROMANIA
4 CITIBANK EUROPE PLC, DUBLINV - SUCURSALA ROMANIA
MARKET
SHARE
3.0000
12,360,831,390
3.2000
11,535,182,611
3.22%
-268,970,203
3.0000
8,998,223,964
2.51%
16,431,637
3.0000
8,704,472,342
2.43%
280,915,239
3.45% -1,899,398,316
Bucuresti, Sector 2
www.garantibank.ro
UFUK TANDOGAN
CEO
MCR SCORING: 2.9000

TOTAL ASSETS 2014 (RON): 8,224,784,870
MARKET SHARE: 2.26%
PROFIT/ LOSS 2014 (RON): 1,222,412
BANCA ROMANEASCA - MEMBRA A GRUPULUI NATIONAL BANK OF

GREECE
2.8000
6,773,636,051
1.89%
-46,976,720
7
8
9
10
OTP BANK ROMANIA
2.7000
4,740,762,561
1.32%
-74,909,680
2.6000
4,585,984,553
1.28%
-166,436,389
BANCA COMERCIALA INTESA SANPAOLO ROMANIA
10
2.4000
4,447,560,139
1.24%
-264,106,881
BANCA DE EXPORT-IMPORT A ROMANIEI EXIMBANK
2.5000
3,869,409,826
1.08%
46,586,277
14
1.5000
3,250,453,950
0.91%
-169,504,965
2.5000
2,739,505,202
0.76%
29,210,756
2.3000
2,392,731,056
0.67%
-107,095,507
2.0000
2,314,124,735
0.65%
-216,420,503
2.6000
1,687,064,302
0.47%
-4,268,731
2.7000
1,592,475,132
0.44%
-36,255,100
VENETO BANCA SCPA ITALIA MONTEBELLUNA SUCURSALA BUCURESTI
PEERS LESS THAN 1% MARKET SHARE

1 BANCA COMERCIALA CARPATICA
2 BCR BANCA PENTRU LOCUINTE
3 BANCA MILLENNIUM
4 MARFIN BANK (ROMANIA)
5 LIBRA INTERNET BANK
6 BANK OF CYPRUS PLC NICOSIA - SUCURSALA ROMANIA
7 PROCREDIT BANK
8 CREDIT AGRICOLE BANK ROMANIA
9 BANK LEUMI ROMANIA
10 NEXTEBANK
11 IDEA BANK
12 BNP PARIBAS FORTIS SA/NV BRUXELLES SUCURSALA BUCURESTI
13 BLOM BANK FRANCE SA PARIS SUCURSALA ROMANIA
14 RAIFFEISEN BANCA PENTRU LOCUINTE
15 BANCA COMERCIALA FEROVIARA
16 TBI BANK EAD SOFIA - SUCURSALA BUCURESTI
020 tabele Banking.indd 20
3.0000
1,530,035,059
0.43%
9,400,269
10
2.0000
1,280,920,656
0.36%
-39,663,282
-52,199,337
2.4000
1,231,306,335
0.34%
12
1.6000
1,039,559,068
0.29%
-28,560,701
15
1.2000
919,286,713
0.26%
-30,834,042
16
1.2000
790,840,079
0.22%
-4,815,851
13
1.6000
567,035,069
0.16%
5,819,699
11
1.9000
527,369,501
0.15%
1,762,132
2.1000
493,258,115
0.14%
560,871
2.3000
409,385,591
0.11%
-1,320,211
10/26/15 7:12 PM
021 R Generali 3.indd 21
10/26/15 1:09 PM
22
022-025 opinie Alianz.indd 22
10/26/15 10:29 PM
23
INTERVIEW
PRUDENTIAL APPROACH
AND FINANCIAL STABILITY,
MAIN CONTRIBUTORS
TO SUCCESS
Remi Vrignaud, CEO, Allianz-Tiriac Asigurari
1.
Was 2014 a milestone year for the Romanian

insurance industry? Please detail.
The landscape of the Romanian insurance
market demonstrates that 2014 was a milestone for the
insurance industry. Now it all depends on how well we
have learned our lessons and on the next steps made by
every actor on the market in order to maintain the
customers trust in the insurance industry. I have said
this in numerous other occasions: the clients trust is
essential for the insurance industry. In
order to maintain that trust we, all the
actors on the market have to act with
responsibility and to promote a fair and
accurate image of the insurance market.
This is, in my opinion, the main issue we
have to focus on. 2014 was indeed a
turning point, a strong signal that the
market cannot continue on the same
path and some changes have to be done.
As the leader of the Romanian
insurance industry, how was
2014 for Allianz-Tiriac Asigurari?
2014 was a year with positive results for
the company Allianz-Tiriac confirmed
the profitable growth trend of its insurance
business. The GWP (gross written premiums) increase
was accompanied by the increase of the operational
profit these are results that confirm we are on the right
track and our strategy based on the idea of profitable
growth works. To put it simple: we managed to grow
profitably, to keep our promises to our customers and to
remain a stable partner for our clients. Allianz-Tiriac
ended 2014 with 990.8 GWP (line and non-life), posting
2.
an increase of 7% as compared to the previous year. The

positive evolution of the gross written premiums was
doubled by the improvement of the operational profit
from insurance business, which posted an increase of
RON 21.6 million as compared to 2013.
The stability of the company was also confirmed by
the BSR (Balance Sheet Review) a test carried out by
the Financial Supervisory Authority, meant to evaluate
the assets and equity and liabilities of the insurance
companies which showed the
companys financial strength to fulfill any
promises and obligations towards our
partners in any given moment. The
company is also fully prepared for the
implementation of Solvency II starting
with January 1st 2016.
2014 was also a year in which the clients
and the market confirmed to us that our
strategy pays out and that we are
considered a trustworthy partner at the
beginning of the year we received the
Insurer of the year award from Xprimm
and we were awarded the distinction
The most trusted insurance company in
Romania by Readers Digest within the
Trusted Brands Study. These two awards we received,
together with the fact that, for the 8th year, AllianzTiriac remained loyalty leader represent important
achievements for our company this year, because they
are directly linked to the quality of the products and
services we provide to our customers and confirm it
once again.
The secret of our success in 2014? The main factor
WE MANAGED TO
GROW
PROFITABLY, TO
KEEP OUR
PROMISES TO OUR
CUSTOMERS AND
TO REMAIN A
STABLE PARTNER
FOR OUR CLIENTS.
10/26/15 10:29 PM
24
which has a great contribution to the success of an

insurance business is and should be the prudential
approach and the financial stability of the company.
This prudential approach means that we engage in
business we can efficiently manage to our and our
clients highest satisfaction.
What are the major vulnerabilities of the
Romanian insurance industry? What are the
main strengths?
We can certainly point out some vulnerabilities of the
insurance industry that have to be addressed as quickly
as possible. First of all, there is the lack of trust of the
clients in insurance companies, a phenomenon mainly
due to the fight for market share at any cost, that
generated the events of the past years. This problem has
to be quickly addressed in order to restore the customers
trust in the insurance market and it is the
responsibility of all the actors involved.
The second biggest challenge the
insurance market has to cope with is
represented though by the implementation
of Solvency II starting from January 1st.
From this perspective, Allianz-Tiriac is
prepared for the implementation of
Solvency II, capable to fulfill all its
commitments towards its clients.
When was the turning point of
the
Romanian
insurance
industry after the crisis? Do
you rather see a fast recovery and
growth or a sluggish growth? What are the reasons?
In 2008, the Romanian insurance market reached a
historical peak. The decrease of the market has begun in
2009 and since then, every year came with new
challenges. We are also talking about a market
dominated by motor insurance, a market that has been
constantly recording losses for nine years. This is a
reality we have to deal with. One of the factors that
contributed to the contraction of the market was also
the collapse of the leasing market in 2009, which also
influenced the insurance market, since it is dominated
by motor. Moreover, the car fleet was getting older, a
trend which influenced the Casco segment evolution.
Counterbalancing this decrease was not a simple thing
to do. I would say that we can expect a sluggish growth
rather than a fast recovery. We could notice an increase
on certain lines on the market, for example on the
health and life insurance segment if certain fiscal
incentives are granted. In 2015 we were glad to see the
increase of the deductibility limit for the private health
insurance up to EUR 400. This was an important step,
3.
4.
but, in our opinion, there is much more to do in this

respect in order to stimulate the growth of other
insurance lines of business.
How do you see the competition on the
insurance market?
The insurance market is still a soft market,
dominated by a high price competition, especially on
Motor. The customers are still looking for the lowest
price, especially for the mandatory insurance. This is
good, as long as the companies are providing a service
which satisfies the customers. The quality counts as
well. We have to strive to educate the customers to take
into consideration the entire picture, namely the price
and the quality (coverage and services). Taking the
actual situation into consideration, we have to strive for
quality, namely, for better products and services. All
regulations and laws need to be fully
respected and with this, the future will
bring even more transparency for the
customers. This is good and absolutely
contributing to a fair and transparent
competition. With Solvency II, the innercompanys financial will be communicated
much stronger. Clients should know
about wording, prices, commissions and
the financial situation of their insurance
company much more when they take
their
purchasing
decision.
The
competition should be about coming up
with the best possible product or with an
innovative service which makes the clients life easier.
We have to struggle to remain a stable and trustworthy
partner. This is a joint responsibility, on the long term.
Singular activities are not enough, there has to be a
constant effort to educate the market, the clients. For
years, Allianz-Tiriac has been promoting the idea of the
right price for the services provided and this is a strategy.
According to official statistics, the disposable
income in Romania has increased in 2014
and in 2015, as well. Have you seen more
appetite for insurance products? Furthermore, we
are expecting a major tax shift regime from 2016 (the
VAT decrease). Do you expect some of the disposable
income to be redirected to insurance products?
Normally, an increase of income should reflect in the
amounts spent on other services, such as the insurance
product. However, we might not see an immediate
effect, in spite of an increase of the income, there might
be a delay until the supplementary income might be
invested in insurance. This has also to do with the lack
of understanding their need of insurance. People have
5.
WE HAVE TO
STRIVE TO
EDUCATE THE
CUSTOMER TO
CONSIDER THE
ENTIRE PICTURE:
PRICE AND
QUALITY.
6.
10/26/15 10:29 PM
25
insured the cars in a better way than their lives or

properties. Therefore, it is important to educate the
customers how to choose an insurance policy, not only
based on the price, but also based on the services
provided to them and ultimately, based on the stability
of the insurance company.
On a scale of 1 to 10, where does Romania
stand in terms of convergence towards the
EU average when it comes to the insurance
industry?
The Romanian insurance market is a market full of
contradictions: there is a clear need for protection, but
what we can easily see is a low penetration degree of
the insurance products and a clear domination of the
motor lines. In 2014, the penetration degree was
round 1.21%, posting a decrease as compared to the
2013 level of 1.29% , respectively 1.41% in 2012,
according to public data. There are certainly gaps
between Romania and the situation in the EU in this
respect. The penetration degree in Romania is one of
the lowest in the CEE region (as compared for example
with The Czech Republic 3.7%, or Hungary 2.8%).
There are also other gaps between Romania and the
EU in respect to the insurance industry situation. The
insurance density for example (EUR/ inhabitant) is
also one of the lowest in Europe 93 in 2014, as
7.
compared to the European average of 1,900. Moreover,

we can also notice a difference between Romania and
EU in respect to the weight of the life insurance in the
total GWP. For example, in Romania, the FSA
(Financial Supervisory Authority) information for
2014 reveals that the life insurance has a weight of
round 20%. The Romanian insurance market is, as said
before, dominated by the non-life (motor) insurance,
as compared for example with Poland and Hungary,
where the proportion between non-life and life is
almost 50-50. Therefore, to conclude, in terms of
convergence, towards the EU average, on a scale of 1
to 10 we stand at 3-4.
How would you describe a good year for
Allianz-Tiriac Asigurari and for the
Romanian insurance industry?
A good year is one with positive results for all our
stakeholders. Customers come first and need to be
satisfied with all we deliver to them at any moment.
This is what we understand as a solid partnership
between the insurance company and the client. We
believe in the best services for the client. A good year is
when we keep our promises and manage to remain a
stable partner for our clients, partners and other
stakeholders. And by stable I mean financially stable,
capable to fulfill all its commitments.
8.
10/26/15 10:29 PM
26
GENERAL INSURANCE
GWP GENERAL
INSURANCE 2014
(RON)
RANK COMPANY NAME
MARKET SHARE
GENERAL INSURANCE
2014 (%)
MARKET
MARKET
SHARE 2014 SHARE 2013
(%)
(%)
GWP GENERAL INSURANCE 2014 (RON): 887,793,110
1 ALLIANZ - TIRIAC ASIGURARI SA
Bucuresti, Sector 1
www.allianztiriac.ro
Remi Vrignaud
General Manager
MARKET SHARE GENERAL INSURANCE 2014 (%): 13.77

MARKET SHARE 2014 (%): 12.18
MARKET SHARE 2013 (%): 11.31
PROFIT/ LOSS 2014 (RON): 73,495,266
2
3
4
5
6
7
8
PROFIT/ LOSS
2014 (RON)
OMNIASIG VIENNA INSURANCE GROUP SA
860,379,659
13.34
10.64
10.84
-38,147,650
ASTRA SA
761,322,646
11.81
9.52
11.34
N/A
GROUPAMA ASIGURARI SA
667,210,507
10.35
8.79
8.83
3,887,482
CARPATICA ASIG SA
553,649,420
8.59
6.85
5.95
-45,584,762
ASIROM VIENNA INSURANCE GROUP SA
477,545,082
7.41
7.11
6.70
-29,444,525
EUROINS ROMANIA ASIGURARE REASIGURARE SA
474,376,061
7.36
5.87
6.21
-64,329,863
UNIQA ASIGURARI SA
411,597,609
6.38
5.18
7.02
-48,083,482
GWP GENERAL INSURANCE 2014 (RON): 384,406,319
9 GENERALI ROMANIA SA
Bucuresti, Sector 1
www.generali.ro
Adrian Marin
General Manager
MARKET SHARE GENERAL INSURANCE 2014 (%): 5.96

MARKET SHARE 2014 (%): 5.72
PROFIT/ LOSS 2014 (RON): 39,209,788
SOCIETATEA DE ASIGURARE-REASIGURARE
10 CITY INSURANCE SA
361,482,040
5.61
3.75
-13,221,759
MARKET
MARKET
SHARE 2014 SHARE 2013
(%)
(%)
PROFIT/ LOSS
2014 (RON)
LIFE INSURANCE
GWP LIFE
INSURANCE 2014
(RON)
RANK COMPANY NAME
1 NN ASIGURARI DE VIATA SA
2 METROPOLITAN LIFE ASIGURARI SA
3
BCR ASIGURARI DE VIATA VIENNA INSURANCE

GROUP SA
4 ASIROM VIENNA INSURANCE GROUP SA
MARKET SHARE LIFE

INSURANCE 2014 (%)
613,920,907
37.50
7.59
6.89
26,266,876
262,202,470
16.02
1.73
50,556,934
143,831,041
8.79
2.63
30,921,890
97,731,056
5.97
7.11
6.70
-29,444,525
GWP LIFE INSURANCE 2014 (RON): 97,202,282
5 ALLIANZ - TIRIAC ASIGURARI SA
Bucuresti, Sector 1
www.allianztiriac.ro
Remi Vrignaud
General Manager
MARKET SHARE LIFE INSURANCE 2014 (%): 5.94

MARKET SHARE 2014 (%): 12.18
MARKET SHARE 2013 (%): 11.31
PROFIT/ LOSS 2014 (RON): 73,495,266
GWP LIFE INSURANCE 2014 (RON): 78,272,685
6 GENERALI ROMANIA SA
Bucuresti, Sector 1
www.generali.ro
Adrian Marin
General Manager
MARKET SHARE LIFE INSURANCE 2014 (%): 4.78

PROFIT/ LOSS 2014 (RON): 39,209,788
7
8
9
10
BRD ASIGURARI DE VIATA SA
77,753,964
4.75
0.86
14,581,932
EUROLIFE ERB ASIGURARI DE VIATA SA
74,026,687
4.52
0.54
4,029,320
GRAWE ROMANIA ASIGURARE SA
47,095,524
2.88
0.63
931,797
GROUPAMA ASIGURARI SA
43,393,290
2.65
8.79
8.83
3,887,482
* sources: www.asfromania.ro, www.mfinante.ro
026 tabele insurance.indd 26
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28
028-030 opinie BCR pensii.indd 28
10/26/15 1:49 PM
29
INTERVIEW
VOLUNTARY PENSION
FUNDS, A SMART MOVE
FOR OUR FUTURE
Interview with Melania Mirea, Executive Director, BCR Pensii
By Radu Soviani, Journalist
1.
The 6th anniversary of the Romanian

private pension system was marked in 2014.
How would you describe a mature private
pension system? Is Romanias private pension
system heading in the right direction? Please detail.
When talking about a mature pension system, the
first thing which comes into mind is the Western
European countries, such as the Netherlands, where the
private pension already has a rich history. We need to be
aware that these more developed systems are based on
a different culture than the Romanian one. We are
talking about a culture of saving money, looking ahead
for securing the future, even from the
first paycheck people earn as employees.
Regarding Romania, I believe that the
data about new clients who chose the
voluntary pension show that the entire
private pension system is headed in the
right direction, but there is still space for
improvements.
In 2014, 1 of 3 Romanians who signed
up for a voluntary pension chose BCR
Pensii. Thus, we reached over 600,000
clients who gave us their trust for
managing their pension money, either in
pillar 2 or pillar 3 pension funds. In 2015,
at the end of June, Fondul de Pensii
Facultative BCR PLUS (BCR PLUS) had
105,692 participants, more than 15%
increase when compared to the same period in 2014.
The voluntary pension market has increased, on
average, with 11%*.
What was the growth rate of the voluntary
pension fund investments in 2015,
compared to 2014 and what is the minimum
investment in a voluntary pension fund?
In order to explain the increase that our fund has

brought to our customers, I would like to talk about the
fund unit, as the participants at a pension fund buy
fund units with their money saved for the pension. BCR
PLUS fund unit has increased from the initial value of
RON 10.000000 (in 2007) to RON 17.308895 at end of
September 2015, according to the Financial Supervisory
Authority FSA data, which means an increase of
over 70%*. Our investment strategy is oriented on the
medium and long term and the investment results may
vary in this long time intervals.
I believe that the level of the investment in a pension
fund is subjective to each individual, with
the condition to choose a monthly
contributions level between RON 35
(minimum level for BCR Plus) and 15% of
the gross salary. We should consider the
rule of thumb of having the retirement
income equal to 70% of your final
employment earnings. Starting from this,
each person should decide and prioritize
how much money he/ she needs to save
for a decent living during retirement.
How would you describe an
intelligent investor in the
Romanian private pension
system?
A smart investor in the private pension
system is a person who takes into
consideration all the advantages of this system and
maximizes them. In order to continue to answer to the
previous question, I consider that a smart investment in
the voluntary pension is the tax deductible amount of
around RON 150, monthly. By saving this amount we
feel a fiscal advantage in our pocket which rises up to
almost RON 300 per year, money which can be saved in
IT WOULD BE
SMART TO
DISCUSS WITH THE
EMPLOYER, EVEN
AT THE FIRST
WORK PLACE, THE
POSSIBILITY OF
CONTRIBUTING TO
THE VOLUNTARY
PENSION FUND.
2.
3.
10/26/15 1:49 PM
30
the individual voluntary pension fund instead of going

to the state as income tax.
Besides my own contribution, I think it would be
smart to discuss with my employer, even at my first
work place, the possibility of contributing to my
voluntary pension fund. The employer also has fiscal
benefits if he or she grants the voluntary pension to the
employees. The optimal amount for an employer from
the tax deductibility point of view is also around 150
RON/ month/ employee.
Thus, I think that the contribution of RON 300
monthly, a mix between employee and employer,
starting with the first paycheck, can define a smart
investment regarding private pensions. Afterwards, I
strongly recommend following the funds results and
investment policy and, also, increase the individual
contribution amount whenever a
persons financial situation allows it.
Are Romanian companies
investing more in compensating
the employees with private
pension related benefits? Are they fully
aware of the fiscal benefits of wisely
investing their resources in private
pension benefits?
Compared with the same period of
2014, BCR PLUS had a significant
increase in the number of employers who
have included the voluntary pension in
their perks bundles.
This solution can help a company optimize its
budget. The money which a company contributes to
the voluntary pension are considered an extra-salary
benefit and are excluded from the social contribution
taxes up to the amount of 400 EUR/ year per employee.
They are also tax deductible from the computation of
the profit tax up to the same amount for each
employee.
Lets look at an example: a company with 100
employees with a medium gross salary of RON 2000
which has decided to grant the voluntary pension
instead of a salary raise will save around RON 40,000
per year, while contributing RON 147 each month for
each employees pension fund. The salary raise costs a
company up to 70% more than the net salary granted,
due to its supplementary taxation. This example is a
simulation which is available on our website www.
pensiibcr.ro and I believe that its result can be
interesting for any business.
All in all, there are more and more companies that
know and use the fiscal benefits which come together
4.
with the voluntary pension solution. These are

companies with a long term view, visionaries who look
towards their future, to their employees future but
also to the one of the community where they run their
business.
In 2014, the social contribution rate
decreased on the employers side. Have you
seen any appetite to redirect the money saved
towards the private pension system (Pillar III)?
When the social contribution tax was reduced with
5% we have discussed with many employers who have
stated that they would like to revert this saving to their
people. We recommend to the companies to do this
because this way they can help their employees to put
a first brick in the foundation of their future revenues
for the retirement period. This way, the employers
have the chance to take part in solving a
serious problem for Romania
population ageing. The population is
rapidly ageing, while the birth rate is
decreasing. Today a contributor is
sustaining the revenue for 1.2
pensioners, but the EU study estimates
that this rapport will go up to one
contributor to 1.5 pensioners**.
I am glad to observe that the companies
are more open and prone to include the
voluntary pension into the perks bundles
for their employees. This way, together
with the employers we can contribute to
creating a culture of financial education for the
employees, who will learn to think about retirement
even from their first job and will appreciate this long
term benefit granted by their employer, instead of the
immediate benefit of a pay bump.
5.
THE OPTIMAL
FISCAL
CONTRIBUTION
WOULD BE OF 300
RON/ MONTH, A
MIX BETWEEN
EMPLOYEE AND
EMPLOYER.
*Source: figures are computed by BCR Pensii, based on the data

published by FSA. Past performance of the private funds administrated
by BCR Pensii (Fondul de Pensii Facultative BCR PLUS and Fondul de
Pensii Administrat Privat BCR) is not a guarantee of future results.
** The 2012 Ageing Report: Economic and budgetary projections for
the EU27 Member States (2010- 2060). Joint Report prepared by the
European Commission (DG ECFIN) and the Economic Policy Committee
(AWG)
10/26/15 1:49 PM
31
PILLAR II PENSION FUNDS ADMINISTRATORS

RANK COMPANY NAME
NET ASSETS
NET ASSETS NO. OF PARTICIPANTS PROFIT/ LOSS
2014 (RON) YEAR VARIATION
31 DEC 2014
2014 (RON)
ING
AZT VIITORUL
TAU
ALICO
7,140,000,000
36.28%
1,830,000
547,701,770
4,240,000,000
33.20%
1,430,000
220,679,756
2,710,000,000
38.84%
880,000
237,322,626
AEGON PENSII SAFPAP SA
VITAL
1,710,000,000
310.71%
770,000
75,224,643
GENERALI SAFPP SA
ARIPI
1,600,000,000
37.46%
600,000
116,087,773
BCR PENSII SAFPP SA
BCR
1,140,000,000
42.36%
510,000
92,651,039
BRD SAFPP SA
BRD
570,000,000
46.67%
270,000
50,722,913
NN PENSII SAFPAP SA
2 ALLIANZ-TIRIAC PENSII PRIVATE SAFPP SA

3
4
5
6
7
FUND NAME
METROPOLITAN LIFE SAFPAP SA
PILAR III PENSION FUNDS ADMINISTRATORS

RANK COMPANY NAME
1 NN ASIGURARI DE VIATA SA
2 BCR PENSII SAFPP SA
NET ASSETS
2014 (RON)
NET ASSETS NO. OF PARTICIPANTS PROFIT/ LOSS

YEAR VARIATION
31 DEC 2014
2014 (RON)
NN OPTIM
386,630,000
31.65%
111,277
23,617,423
170,690,000
29.20%
98,310
13,151,291
143,690,000
23.15%
36,235
7,154,341
NN ASIGURARI DE VIATA SA
BCR PLUS
AZT
MODERATO
NN ACTIV
119,700,000
26.88%
35,407
7,672,136
ALLIANZ-TIRIAC PENSII PRIVATE SAFPP SA
AZT VIVACE
61,000,000
19.18%
20,486
3,380,040
BRD MEDIO
51,700,000
42.86%
16,445
4,049,360
PENSIA MEA
RAIFFEISEN
ACUMULARE
STABIL
EUREKO
CONFORT
40,700,000
16.01%
10,067
2,562,603
49,480,000
24.52%
9,429
3,867,387
10,850,000
31.78%
5,048
799,003
5,350,000
22.68%
3,748
N/A
3 ALLIANZ-TIRIAC PENSII PRIVATE SAFPP SA

4
5
6
7
FUND NAME
BRD SAFPP SA
CERTINVEST PENSII SAFPF SA
8 SAI RAIFFEISEN ASSET MANAGEMENT SA

9 GENERALI SAFPP SA
10 EUREKO SAFPP SA
* sources: www.asfromania.ro
031 Tabel pensii.indd 31
10/26/15 1:17 PM
32
032-034 opinie BRD.indd 32
10/26/15 1:16 PM
33
INTERVIEW
FINANCIAL LEASING A FLEXIBLE PRODUCT,

ADAPTABLE TO A
DYNAMIC MARKET
Jan Kotik, General Manager, BRD Sogelease
1.
In 2015, the financial deleveraging continued.

On the other hand, the economic growth
surpassed expectations. How have the two
tendencies affected the market in which you activate?
From the financial leasing market perspective, the
increasing trend (+16%) of new business volumes
registered so far in 2015 is the proof that customers are
still interested and confident in our product and
associated services. Financial leasing remains a suitable
financing solution for short and medium term
investments, being a flexible product,
adaptable to the requests of a dynamic
market, like the one in Romania.
The economic growth had a
considerable contribution to the
improved results of 2015, being a positive
sign that the companies started to invest
again. For the financial leasing market,
the focus was on the vehicles sector,
especially passenger cars and heavy
commercial vehicles. As per customer
type, leasing companies are mainly
targeting small and medium enterprises,
which shall play a significant role in the
economic growth in future years.
What have leasing services
users learnt in this new stage of
economic growth, compared to
the time before the crisis? What have
leasing companies learnt?
Compared to the period before the crisis, leasing
customers are more and more sophisticated and
increasingly educated in terms of financial services,
some of them already starting to pay attention to the
2.
quality and promptness of the complementary services

provided.
The leasing market collapse during the financial crisis
was the starting point of a new business model
assessment among the major players in the industry.
The focus was primarily on developing and
implementing new risk strategies based on the past
experiences during this period. Although leasing is an
asset-based product, the leasing companies started to
be more careful in selecting their counterparties, trying
to maintain a balance between the
financed asset and the customers
financial statements and forecasts.
On the current Romanian market, it is
more difficult to find customers and
provide them interesting financing offer,
as they are mainly price oriented.
Financial
institutions
are
now
concentrated on building customerfocused and loyalty strategies by ensuring
a high quality level of services, in order to
maintain a healthy portfolio and increase
its profitability margins.
Hopefully, the crisis lesson will not be
forgotten soon.
What challenges is the leasing
market currently facing?
Currently, the leasing market
needs the implementation of new
legislative/ fiscal changes that bring added value to
leasing, in order to create a package of real benefits for
the end-users. New initiatives meant to support a
sustainable development will create opportunities for
the companies to invest.
ROMANIAN
ECONOMY
GROWTH IS
RELYING ON
LEASING FOR
THE EQUIPMENT
FINANCING IN
ORDER TO RESTART
OR DEVELOP
CERTAIN KEY
SECTORS.
3.
10/26/15 1:16 PM
34
On the other hand, uncertainty and lack of

predictability characterizes predominantly the business
environment in Romania, which has a direct impact on
the leasing market evolution.
In the upcoming period of time, the leasing market
can analyze the opportunity to lower the concentration
on one sector of activity, respective car market, thus
creating a balanced portfolio of financed assets.
Romanian economy growth is relying on leasing for the
equipment financing in order to restart or develop
certain key sectors.
What is the current structure of the leasing
market? What is your forecast for the next
period of time?
At the end of the first semester of 2015, more than
77% of the leasing market was represented by the
vehicles segment, 20% by the equipment financing,
while the real estate reached only 2.5%.
The evolution of the financial leasing market will not
register major changes for the next period, both in
terms of structure and new financed volumes. As
noticed within the last years, the vehicle market
evolution has been the main driver of the leasing activity
in Romania. It is known that the vehicle market shows
its peculiarities, respectively the cyclicality in the
consumers decision to change their fleets, the economic
conditions favoring consumption and the type of
financing chosen.
Although the car market is the leader, we cannot
forget there are many other fields of activity to be
explored or developed in future years, such as
agriculture, medical sector or constructions.
4.
5.
What differentiates you from your

competitors, considering that the crisis, on
one hand, narrowed the market and, on the
other hand, transformed it in a place where
consumers play the decisive role?
From BRD Sogeleases perspective, the advantage of
experience and expertise generated by affiliation to
Socit Gnrale Group has contributed significantly to
the rapid evolution of the company on the local leasing
market, being a constant presence within the top leasing
companies affiliated to a banking group in Romania.
BRD Sogelease IFN SA is the leasing subsidiary of
BRD - Groupe Socit Gnrale, the second commercial
bank in Romania in terms of assets, one of the major
financers of SMEs, as well as one of the most important
players in corporate banking market of Romania.
As part of BRD group, we can identify a number of
benefits such as: providing integrated financing
solutions, professional and prompt reaction in handling
customer requirements, in order to maintain a stable
and durable relationships. Also, the opportunity to have
a national distribution network for the financial leasing
product through the BRD commercial network,
together with our own Sales Representatives, is a
significant advantage compared to non-bank
competition.
BRD Sogeleases experience, gained in over 10 years,
recommends us as specialists in providing tailor-made
financing solutions to our customers, and as a reliable
partner. Moreover, our customer care services are
continuously improving in order to be more efficient in
granting prompt and professional answers.
10/26/15 1:16 PM
35
FINANCIAL LEASING
TOTAL TURNOVER
2014 (RON)
RANK COMPANY NAME
1
2
3
4
5
6
7
8
9
10
TOTAL TURNOVER
2013 (RON)
ANNUAL
TURNOVER
GROWTH (%)
PROFIT/ LOSS
2014 (RON)
CONTACT
IDEA LEASING IFN SA
653,615,895
199,563,031
227.52
24,677,877
Bucuresti, Sector 1
UNICREDIT LEASING CORPORATION IFN SA
471,965,581
535,845,531
-11.92
5,982,590
Bucuresti, Sector 1
BCR LEASING IFN SA
440,017,454
507,580,176
-13.31
35,599,627
Bucuresti, Sector 3
IVECO CAPITAL LEASING IFN SA
369,001,533
685,609,343
-46.18
-51,513,296
Bucuresti, Sector 1
PIRAEUS LEASING ROMANIA IFN SA
317,857,676
455,988,784
-30.29
-106,979,433
Bucuresti, Sector 1
ERB LEASING IFN SA
210,463,382
207,753,335
1.30
-34,370,947
Bucuresti, Sector 2
PORSCHE LEASING ROMANIA IFN SA
189,565,283
307,353,026
-38.32
19,141,828
Voluntari, Ilfov
BRD FINANCE IFN SA
161,940,874
149,270,506
8.49
4,657,844
Bucuresti, Sector 1
DEUTSCHE LEASING ROMANIA IFN SA
153,021,084
176,220,429
-13.16
17,959,429
Bucuresti, Sector 2
MOTORACTIVE IFN SA
TOTAL TURNOVER 2014 (RON): 149,850,288
Bucuresti, Sector 2
www.garantileasing.ro
OKAN YURTSEVER
General Manager

ANNUAL TURNOVER GROWTH (%): -6.02
PROFIT/ LOSS 2014 (RON): 6,942,745
11
12
13
14
15
RAIFFEISEN LEASING IFN SA
148,797,791
223,237,948
-33.35
11,158,363
Bucuresti, Sector 1
VFS INT. ROMANIA IFN SA
144,055,741
179,259,609
-19.64
15,267,543
Bucuresti, Sector 6
IMPULS - LEASING ROMANIA IFN SA
140,271,558
172,207,253
-18.54
9,151,411
Bucuresti, Sector 2
NBG LEASING IFN SA
118,451,449
218,596,866
-45.81
-22,857,923
Bucuresti, Sector 2
BT LEASING TRANSILVANIA IFN SA
116,106,918
131,016,117
-11.38
8,488,245
Cluj-Napoca, Cluj
BRD SOGELEASE IFN SA

16
Bucuresti, Sector 1
www.brdleasing.ro
JAN KOTIK
General Manager

ANNUAL TURNOVER GROWTH (%): 1.91
PROFIT/ LOSS 2014 (RON): 6,480,388
17
18
19
20
21
22
23
24
25
26
27
28
103,425,054
111,460,545
-7.21
10,393,193
Bucuresti, Sector 1
RALFI IFN SA
94,146,766
114,268,485
-17.61
7,855,991
Bucuresti, Sector 2
IKB LEASING FINANCE IFN SA
87,226,845
99,357,137
-12.21
3,331,849
Bucuresti, Sector 1
BNP PARIBAS LEASE GROUP IFN SA
68,793,988
53,171,794
29.38
12,858,426
Bucuresti, Sector 1
ROMEXTERRA LEASING IFN SA
66,977,320
27,987,831
139.31
2,027,540
Iasi, Iasi
RSL LEASING IFN SA
66,864,263
118,367,043
-43.51
901,117
Bucuresti, Sector 3
MARFIN LEASING IFN (ROMANIA) SA
59,200,605
116,189,012
-49.05
-31,305,763
Bucuresti, Sector 1
RCI LEASING ROMANIA IFN SA
57,287,465
81,545,758
-29.75
14,762,700
Bucuresti, Sector 1
ERSTE GROUP IMMORENT ROMANIA IFN SA
56,384,784
37,458,405
50.53
3,510,011
Bucuresti, Sector 3
CREDIT EUROPE LEASING IFN SA
42,840,037
45,811,159
-6.49
-8,655,400
Bucuresti, Sector 6
ALPHA LEASING ROMANIA IFN SA
37,776,664
51,802,067
-27.07
1,163,783
Bucuresti, Sector 2
OTP LEASING ROMANIA IFN SA
35,161,763
24,465,669
43.72
6,302,844
Bucuresti, Sector 1
32,060,916
18,868,176
69.92
-8,533,414
Bucuresti, Sector 3
FORTIS LEASE ROMANIA IFN SA
29,408,185
58,721,184
-49.92
-6,098,295
Bucuresti, Sector 1
TBI LEASING IFN SA
22,893,170
51,560,879
-55.60
-1,002,080
Bucuresti, Sector 1
ING LEASE ROMANIA IFN SA
17,911,413
83,364,389
-78.51
-37,720,271
Bucuresti, Sector 1
TEZAUR IMOBILIARE IFN SA
3,667,336
6,295,803
-41.75
2,148,299
Bucuresti, Sector 1
TIRIAC LEASING IFN SA
INTESA SANPAOLO LEASING ROMANIA IFN

29 SA
30
31
32
33
* source: www.mfinante.ro
035 tabele leasing finaciar.indd 35
10/26/15 7:27 PM
36
036-039 opinie ALD.indd 36
11/2/15 1:36 PM
37
INTERVIEW
CONSTANT EVOLUTION
FOR THE OPERATIONAL
LEASING MARKET
Shane Dowling, General Manager, ALD Automotive Romania
1.
ALD Automotive has 10 years on the local

market. What did they mean for the
company and the operational leasing
market?
Indeed, it is a very special year for us. 10 years ago,
ALD Automotive was one of the first international
operational leasing companies on the Romanian market.
Now we are amongst the leaders of the field and our
results prove that we have a major role in the
development of the field. We invest in the quality of our
services and we have earned the trust of our customers,
as a partner they can rely on. Thus, a very big part of our
clients have been with ALD Automotive
since 2005, which only comes to
reconfirm the quality of our services and
our ability to always reinvent ourselves.
During these past 10 years we have
influenced the market with our
innovations, such as the eco initiatives,
mobile applications, online reporting
tools, customer care services and
exclusive partnerships. In 2005 we started
with a team of 12 people and ended the
year with a fleet of 170 cars. Since then,
we have continued to grow and, entering
into 2015, we had a market share of 17%,
8,386 vehicles in our fleet, almost 270
clients and 63 employees. These are
important results which once again
proved the success of our client centred business model,
based on innovation and quality. At the end of 2015, we
hope to see further growth, reaching over 9,000 vehicles
in our portfolio and over 300 clients.
We have constantly reinvented ourselves and
developed at the same pace as the market. In the
meantime, new competitors came along and this
determined a growth in the quality of services, for the

benefit of our clients. This competition is favourable to
a healthy development of the market and makes us
more attentive, more dedicated and always a step
forward. We want every manager to have the ideal
solution for his company and this will always be a
personalised solution, adapted to the particular needs
of every field.
From an international perspective, Romania still has a
long way to go in order to reach the European
performances. Nevertheless, it is a service that grows
every day and a financing method that constantly grew
in the past 10 years, no matter of the
economic crisis. This shows us that a big
part of the companies in Romania begin
to better understand the advantages of
such a service, which insures an efficient
business through adaptability, mobility
and cost predictability.
How
much
has
ALD
Automotive developed this
year? How was the evolution
of the operational leasing market?
The operational leasing market has
registered very good results in the past 10
years, with constant positive evolution.
The most recent reports show a good
16% growth in the first semester of 2015,
compared to the same period in 2014, a
phenomenon based on a general economic growth and
development of the auto market. This climate has led to
a more secure business environment and gave clients
and investors more confidence which I am sure we will
lead to positive results at the end of 2015.
At the same time, ALD Automotive has continued its
constant development and this year we have had a
COMPETITION IS
FAVOURABLE TO A
HEALTHY
DEVELOPMENT OF
THE MARKET AND
MAKES US MORE
ATTENTIVE, MORE
DEDICATED AND
ALWAYS A STEP
FORWARD.
2.
11/2/15 1:36 PM
38
12.1% growth in the first 6 months compared to the

same period last year. We remain optimistic about our
end of 2015 results and, continuing this growth path,
we should see an end of year fleet in excess of 9,000
vehicles.
ALD Automotive keeps developing thanks to its solid
portfolio of multinational companies and also to our
new focus in 2015: SMEs. For these type of companies,
we have created special operational leasing programs
and our sales consultants give them personalised advice
according to their line of work. During 2015, we have
also created the first white label operational leasing
product, in collaboration with Toyota Romania.
Leveraging on the international partnership, we decided
to expand this operational leasing solution to Romania
and we are convinced it will have a very positive
influence on the local operational leasing
market and, in particular, the SME
segment.
Do local and international
companies
know
the
advantages of operational
leasing? What are the benefits that can
turn into investment decisions? What
advantages are less known at the
moment?
Operational leasing is a well-known
service at an international level, so 10
years ago, when the market started to
grow in Romania, managers of
multinational companies already knew
the benefits and thought this as the most
efficient solution for their fleets.
Consequently, our first clients were
major companies with offices in
Romania. With big fleets, they appreciate mobility, our
consultancy services, the 24/7 assistance, our reporting
tools that help them oversee costs and a full outsourcing
of a non-core business activity. They also appreciate our
international know-how and the standards of our
business model.
When it comes to SMEs, we are still in the early stages,
when they start to know the service and its advantages.
A key finding of a study done by ALD Automotive and
Nielsen last year was the desire of the operational
leasing clients for full mobility and cost reduction
solutions. They also choose operational leasing for the
costs predictability and opportunity to operate with a
fixed monthly rate. These are important advantages
that help us convince our clients to choose operational
leasing no matter the size of their business.
3.
The lesser known advantages of operating leases are

perhaps the fiscal ones. As ALD Automotive is the
owner of the vehicles, these are recorded as assets in
ALDs accountancy, while the customers only need to
record operating lease expenses rentals for these
vehicles. As a consequence, the total assets value in
customer`s accountancy is diminished by the value of
the vehicles, thus the profitability ratio of Return on
capital employed increases.
Furthermore, depreciation expenses do not arise, as
the customers do not record assets, and operating lease
expenses are fully deductible if they fall within one of
the exceptions to limit stipulated by current regulations
or are used exclusively for business purposes.
Moreover, customers save time and resources,
obviating the need for additional resources to manage
invoices for purchase, registration,
maintenance, insurance of the vehicles,
as they will only receive a single monthly
invoice for all the vehicle related costs.
What is the profile of the
operational leasing client?
What are their expectations?
The results of the ALD market study in
2014 performed by Nielsen showed not
only a profile of the operational leasing
client, but also the benefits they
appreciate.
Data shows that operational leasing is
mainly preferred by clients with more
than 50 cars and is primarily used for cars
which, at the moment, have 1-3 years of
use. Also, 10% of the respondents showed
their clear intention and mentioned as
probable to buy cars through operational
leasing in the following 12 months, while 27% of them
were not yet decided. Managers of these fleets are
interested in mobility, TCO and fiscal benefits of
operational leasing.
Although the study shows that most of the operational
leasing clients are medium and large companies, we can
foresee a new type of customer: SMEs, a segment we are
very interested in this year and which opens up new
development opportunities.
What can be made better in legislative terms
for your market, so that we will see stability
and long-term growth?
As any other market, operational leasing is influenced
by the political or legislative and even macro-economic
changes. Over the last 10 years, the market has suffered
different legislative changes which has led to
WE FORESEE A
NEW TYPE OF
CUSTOMER: SMES,
A SEGMENT WE
ARE VERY
INTERESTED IN
THIS YEAR AND
WHICH OPENS UP
NEW
DEVELOPMENT
OPPORTUNITIES.
4.
5.
11/2/15 1:36 PM
39
complications in the operational leasing offer such as:

changes in the values of RCA and conditions for such
insurance, limitations on the depreciation deductibility
levels and the environmental stamp. Nevertheless, we
have registered growing numbers and this trend will be
visible also in the future, as companies appreciate more
and more the benefits of operational leasing and the
effect of this service on the efficiency of the business.
As for legislative changes in 2015 and 2016, there are
two important ones that need to be considered. Firstly,
there is the change in VAT levels for second hand cars
and efforts made by ASLO and APIA to bring some
regulations on the market, as well as subventions for
eco cars. As for the evolution of second hand car trading,
the two associations intend to propose hardening the
legislation so that it better sanctions acts such as
mileage alteration and fraud. These measures will mean
a decline in second hand cars sold on the market and a
new focus on new cars or second hand cars sold through
authorised dealers or specialised bidding platforms.
Also, a recently approved project from the Romanian
government is the one regarding the subventions for
electrical cars. These subventions will be given as ecotickets from the Environment Fund. The eco-ticket is
20,000 lei for an electrical vehicle and 5,000 lei for a
hybrid vehicle. These subventions are an important
drive for selling eco cars, a new trend on the Romanian
market, but a very popular one in Western Europe.
What are your predictions for the market in
2016?
At the end of the first semester in 2015, the
operational leasing market has registered a 16% growth
compared to the same time in 2014. In retrospect, in
the past 4 years, the market has registered a medium
growth of 11%. The re-launch of investments based on
the European funds absorption, economic stability,
increase of the auto market, leads us to believe that we
will also have good figures for the operational leasing
market for next year, as well.
Also, a very important tendency in 2016 will be cost
efficiency and operational leasing fits this context very
well. It is a financing method which offers security and
budgetary predictability and we are certain more and
more managers will use it for their auto fleets.
6.
11/2/15 1:36 PM
40
OPERATIONAL LEASING
TOTAL TURNOVER
2014 (RON)
RANK COMPANY NAME
LEASEPLAN ROMANIA SRL
TOTAL TURNOVER
2013 (RON)
ANNUAL
TURNOVER
GROWTH (%)
PROFIT/ LOSS
2014 (RON)
Bucuresti, Sector 2
www.leaseplan.ro
Olimpia Dumitrescu
Commercial Director

PROFIT/ LOSS 2014 (RON): 18,177,964
ALD AUTOMOTIVE SRL

2
Bucuresti, Sector 1
www.aldautomotive.ro
Simona Titica
Sales Manager

PROFIT/ LOSS 2014 (RON): 20,631,080
3 ARVAL SERVICE LEASE ROMANIA SRL

4
UNICREDIT LEASING FLEET

MANAGEMENT SRL
5 EURIAL INVEST SRL

6 PORSCHE MOBILITY SRL
7 TOTAL ASSET MANAGEMENT SRL
NEW KOPEL ROMANIA SRL
146.610.812
149.881.837
-2,18
25.907.254
Bucuresti, Sector 1
85.391.197
45.919.053
85,96
5.084.051
Bucuresti, Sector 1
80.662.509
98.044.367
-17,73
-1.211.248
Bucuresti, Sector 6
79.676.994
73.449.523
8,48
8.244.750
Voluntari, Ilfov
61.092.680
91.160.024
-32,98
58.459.649
Caras-Severin
Bucuresti, Sector 1
www.sixtleasing.ro
HEZI SHAYB
CEO

PROFIT/ LOSS 2014 (RON): -772,689
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
AUTONOM SERVICES SRL
50.164.853
45.598.968
10,01
3.966.980
Piatra Neamt, Neamt
GRENKE RENTING SRL
47.283.735
42.632.726
10,91
1.903.195
Bucuresti, Sector 4
AGER BUSINESS TECH SA
43.318.290
45.305.762
-4,39
1.128.758
Bucuresti, Sector 1
AUTOTECHNICA FLEET SERVICES SRL
40.800.437
38.403.108
6,24
5.304.605
Bucuresti, Sector 1
RCI FINANTARE ROMANIA SRL
39.721.709
43.088.796
-7,81
23.366.546
Bucuresti, Sector 1
MY CAR LEASING SOLUTIONS SRL
32.481.403
33.707.903
-3,64
4.173.431
Pitesti, Arges
DOKA ROMANIA TEHNICA COFRAJELOR SRL
29.815.164
20.108.753
48,27
2.796.968
Tunari, Ilfov
OPER LEASING SRL
29.443.347
32.920.646
-10,56
756.807
Zalau, Salaj
ECONOCOM INTERNATIONAL ROMANIA SRL
28.597.823
30.411.260
-5,96
967.828
Bucuresti, Sector 1
PREMIUM LEASING SRL
27.255.558
22.114.158
23,25
5.147.680
Bucuresti, Sector 6
AVIROMS RENT-A-CAR SRL
26.416.836
23.384.459
12,97
66.144
Bucuresti, Sector 3
OPERATIONAL AUTOLEASING SRL
24.102.733
26.450.994
-8,88
341.335
Scheia, Suceava
RAD-TRANS SRL
22.062.826
19.234.684
14,70
802.412
Bacau, Bacau
TOP CARS ACTIV CENTER SRL
21.970.946
12.590.955
74,50
80.477
Bucuresti, Sector 1
BRD SOGELEASE
ASSET RENTAL SRL
Bucuresti, Sector 1
www.brdleasing.ro
JAN KOTIK
General Manager

PROFIT/ LOSS 2014 (RON): 192,486
24
25
26
27
28
29
30
CONTACT
ALGECO SRL
19.584.349
20.073.805
-2,44
19.584.349
Sibiu, Sibiu
BUSINESS LEASE ROMANIA SRL
17.693.013
15.115.041
17,06
2.078.294
Voluntari, Ilfov
CIM SERVICE SPED SRL
17.510.845
13.553.784
29,20
2.768
Cluj-Napoca, Cluj
BT OPERATIONAL LEASING SA
15.719.468
14.406.286
9,12
1.339.915
Bucuresti, Sector 1
ALLIANCE AUTO DEVELOPMENT SRL
15.408.691
4.053.430
280,14
37.605
Constanta, Constanta
TIP TRAILER SERVICES ROMANIA SRL
14.134.774
15.893.589
-11,07
3.227.561
Bucuresti, Sector 1
BIZKAIA INVEST SRL
13.586.302
8.091.073
67,92
1.708.309
Tulcea, Tulcea
040-041 tabele leasing operational.indd 40
10/28/15 5:10 PM
41
OPERATIONAL LEASING
RANK COMPANY NAME
TOTAL TURNOVER
2014 (RON)
TOTAL TURNOVER
2013 (RON)
ANNUAL
TURNOVER
GROWTH (%)
31 PRANGL ROMANIA SRL
13.462.664
13.940.408
-3,43
CII CENTRAL INVESTMENTS IMOBILIARE

32 SRL
13.383.978
12.302.201
8,79
LUNA FLEET SERVICES SRL
13.261.533
24.967.911
MANULOC ROMANIA SRL
13.223.985
14.089.222
DANUBE CRUISES ROMANIA SRL
12.571.619
TOURING RENT AUTO SRL
12.397.808
BCR FLEET MANAGEMENT SRL

MERCEDES-BENZ SERVICE LEASING SRL
SCANIA RENT ROMANIA SRL
33
34
35
36
37
38
39
40
41
PROFIT/ LOSS
2014 (RON)
CONTACT
-7.673.252 Stefanestii De Jos, Ilfov

4.368.215
Bucuresti, Sector 3
-46,89
152.732
Bucuresti, Sector 2
-6,14
1.223.068
Bucuresti, Sector 1
12.212.095
2,94
181.137
Bucuresti, Sector 3
9.482.571
30,74
47.972
Bucuresti, Sector 1
11.672.503
7.351.558
58,78
1.310.037
Bucuresti, Sector 3
11.217.282
6.329.453
77,22
1.779.348
Bucuresti, Sector 1
10.742.440
7.214.250
48,91
1.143.684
Ciorogarla, Ilfov
IKB LEASING SRL
9.927.967
8.341.666
19,02
1.642.145
Bucuresti, Sector 1
LEA INTERNATIONAL LEASING SA
9.886.452
7.684.888
28,65
56.858
Bucuresti, Sector 2
*source: www.mfinante.ro
040-041 tabele leasing operational.indd 41
10/28/15 5:10 PM
42
CAPITAL MARKETS INTERMEDIARIES

RANK COMPANY NAME
1 RAIFFEISEN BANK
2 SWISS CAPITAL SA
WOOD & COMPANY FINANCIAL SERVICES, a.s.
3 PRAGA
4 BANCA COMERCIALA ROMANA
5 BRD GROUPE SOCIETE GENERALE
6 S.S.I.F. BROKER
7 BT SECURITIES
8 IFB FINWEST
9 RAIFFEISEN CENTROBANK AG
10 KBC SECURITIES N.V.
11 NBG SECURITIES ROMANIA SA
12 TRADEVILLE
13 IEBA TRUST
NBG SECURITIES SA ATENA SUCURSALA
14 BUCURESTI
15 INTERCAPITAL INVEST
16 ALPHA FINANCE ROMANIA
17 ESTINVEST
18 PRIME TRANSACTION
19 VOLTINVEST
20 GOLDRING
21 S.S.I.F. BLUE ROCK FINANCIAL SERVICES SA
22 CARPATICA INVEST
23 SUPER GOLD INVEST
24 BANCPOST
25 CONFIDENT INVEST BUCURESTI
26 ROMCAPITAL
27 ROMBELL SECURITIES
28 INTERFINBROK CORPORATION
29 S.S.I.F. ROMINTRADE
30 MUNTENIA GLOBAL INVEST
31 S.S.I.F. VIENNA INVESTMENT TRUST
32 ACTINVEST
33 ELDAINVEST
34 EQUITY INVEST
35 INTERDEALER CAPITAL INVEST
36 INTERVAM
37 CREDIT EUROPE BANK (ROMANIA)
38 IPOPEMA SECURITIES
39 DORINVEST
40 OLTENIA GRUP INVEST
41 PIRAEUS BANK ROMANIA
42 EASTERN SECURITIES
43 S.S.I.F. FORTIUS FINANCE
44 FINACO SECURITIES
45 CONCORDE SECURITIES LTD
TRADED VALUE
JAN - JUL 2015 (RON)
MARKET SHARE
JAN - JUL 2015 (%)
TRADED VALUE 2014

(RON)
MARKET SHARE
2014 (%)
1,322,179,153.14
13.39
6,329,842,338.03
24.34
2,155,644,014.62
21.83
6,024,378,494.62
23.17
1,976,170,634.61
20.01
3,096,840,506.86
11.91
552,238,021.39
5.59
1,979,458,226.46
7.61
239,375,448.18
2.42
1,215,116,357.72
4.67
310,597,246.32
3.15
1,192,087,564.35
4.58
537,719,566.12
5.44
708,782,301.25
2.73
201,776,991.08
2.04
562,502,539.26
2.16
158,722,242.49
1.61
550,154,750.24
2.12
511,585,391.21
5.18
522,458,813.72
2.01
491,946,747.35
1.89
198,079,356.31
2.01
467,412,061.58
1.8
148,888,582.86
1.51
404,730,327.00
1.56
528,781,908.69
5.35
331,281,072.90
1.27
100,572,633.00
1.02
258,651,897.53
0.99
192,778,635.41
1.95
192,711,880.34
0.74
96,820,963.59
0.98
188,880,633.71
0.73
83,353,263.44
0.84
177,391,700.52
0.68
54,790,058.12
0.55
123,458,556.42
0.47
84,659,407.59
0.86
119,709,968.98
0.46
33,103,975.35
0.34
116,751,385.20
0.45
115,430,008.46
0.44
38,432,941.52
0.39
115,399,399.41
0.44
73,390,621.53
0.74
87,830,510.40
0.34
26,427,354.88
0.27
82,006,855.34
0.32
29,430,703,72
0.30
56,205,053.51
0.22
13,948,838.12
0.14
54,432,352.77
0.21
16,057,612.77
0.16
46,158,232.08
0.18
9,245,030.42
0.09
39,959,239.24
0.15
26,642,011.21
0.27
39,512,531.42
0.15
36,646,994.14
0.37
35,508,718.37
0.14
32,317,428.09
0.12
18,903,320.38
0.19
31,993,445.44
0.12
31,983,132.52
0.12
4,634,015.78
0.05
29,619,897.60
0.11
12,618,683.41
0.13
28,277,301.36
0.11
1,859,740.21
0.02
25,501,230.66
0.1
19,024,183.27
0.19
23,980,752.42
0.09
15,430,974.78
0.16
22,157,926.03
0.09
8,929,530.89
0.09
21,111,099.08
0.08
6,717,224.35
0.07
19,805,434.21
0.08
4,840,063.03
0.05
4,978,424.94
0.02
4,447,845.18
0.02
277,864.07
0.00
469,879.71
24,593,359.24
0.25
*source: www.bvb.ro
042-043 tabele capital markets.indd 42
10/26/15 7:28 PM
43
FUND MANAGEMENT
UCITS (MLN RON)
RANK ASSET MANAGEMENT COMPANIES
1 ERSTE Asset Management

2 Raiffeisen Asset Management
3 BRD Asset Management
4 NN Investments Partners
5 SIF Banat - Crisana
6 SIF Oltenia
7 BT Asset Management
8 SIF Moldova
9 SIF Transilvania
10 SIF Muntenia
11 OTP Asset Management
12 CERTINVEST
13 Pioneer Asset Management (Romania)
14 GLOBINVEST
15 Carpatica Asset Management
16 STK FINANCIAL SAI SA
17 Atlas Asset Management
18 SIRA
19 Swiss Capital Asset management
20 SAI Broker
21 SAFI Invest
22 STAR Asset Management
23 Intercapital Asset Management
24 Zepter Asset Management
25 Target Asset Management
26 Vanguard Asset Management
TOTAL MLN RON DECEMBER 2014
ASSETS
UNDER
MANAGEMENT
NON UCITS (MLN RON)
MARKET
SHARE
CLOSED END
FUNDS
F.I.C.
DISCRETIONARY
TOTAL
PORTOFOLIO ASSETS (MLN MARKET
SHARE
MANAGEMENT
RON)
8,273.20
41.5
84.9
8,358.10
30.42
5,404.90
27.1
315.9
79.3
5,800.10
21.11
2,232.60
11.2
2,232.60
8.13
1,635.30
8.2
1,635.30
5.95
1,603.60
5.84
1,603.60
1,550.60
1,386
1,550.60
5.64
1,495.20
5.44
1,316.40
1,316.40
4.79
1,049.70
1,049.70
3.82
1,032.50
1,032.50
3.76
447.9
1.63
0.94
109.2
430
2.2
14.5
3.5
99.4
0.5
87.9
71.7
259
253.7
1.3
253.7
0.92
40.3
0.2
58.5
98.8
0.36
81.1
0.4
81.1
0.3
2.8
68.9
71.8
0.26
22.3
0.1
37.6
59.9
0.22
1.5
35.2
36.7
0.13
22
0.1
22
0.08
3.2
11.1
14.4
0.05
0.04
11.4
11.4
11.2
0
0.1
11.2
0.04
0,5
9.2
0.4
10.2
0.04
8.9
8.9
0.03
7.4
7.4
0.03
2.4
1.8
4.3
0.02
19,918.70
99.9
761.2
239.8
27,472.80
99.99
6,552.80
*source: www.asfromania.ro, www.aaf.ro
042-043 tabele capital markets.indd 43
10/26/15 7:28 PM
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044 R xxxxx.indd 44
10/26/15 7:34 PM
ENERGY
RETAIL TRADE OF FUELS, GAS STATIONS
WHOLESALE OF ELECTRICITY AND FUELS
OIL & GAS EXTRACTION AND DISTRIBUTION
POWER GENERATION AND DISTRIBUTION
045 garda energy.indd 45
10/26/15 2:13 PM
46
MCR ENERGY
046-048 opinie CEZ.indd 46
10/26/15 2:12 PM
47
INTERVIEW
ENERGY MARKET SEEN

THROUGH THE EYES OF
CEZ ROMANIA
Martin Zmelik, Country Manager & President of the Board, CEZ Romania
1.
How would you describe the Romanian

energy market in 2014-2015? What are the
prospects for 2016?
Given the difficult external context created by the
legislative changes in the renewables generation
sector, 2014 was a year of market preparation for more
changes in the regulation sector, a challenging year for
energy companies. The year 2015 brought some
stability in the sector from a legislative point of view
and we trust that 2016 will bring significant
improvements of the legal framework
that will allow companies to better
predict and develop their activity on the
market.
What is the link between the
amount of energy produced
and the economic growth? Is it
still valid for Romania that if energy
consumption increases, the economy
is growing and vice-versa?
Broadly, we can say that the saying is
still valid especially if we take into
consideration the levels of energy.
Starting 2007 we can see a major
decrease of the energy distributed on
the high voltage and medium voltage
levels that refers to the great consumers
in the chemical and petro-chemical
industry, cement production, car production, etc. We
can presume that in these areas there is also a greater
concern for energy efficiency measures, but mostly the
activity decrease and even insolvency or bankruptcy
are the main causes of the consumption decrease. In
this conditions though, on the low voltage level,
dedicated to small business clients, as well, an increase
trend was registered.
2.
3.
How was the competition in 2014-2015 in

your market? What are the prospects for
2016?
The competition had an uprising trend both on the
engross market and retail market. In the energy
production area there was an overcapacity, fact that
created a pressure on the prices. Meanwhile, in the
green certificates area, an oversaturation of the market
was reached and the prices dropped to the legal
minimum, being almost impossible, because of the
legal regulations, for the market to
absorb all the produced certificates.
Regarding the sale of energy, we can
state that the final consumers represent
the most competitive market: at auctions
or requests of offer analysis organized by
consumers, there are usually over 10
offers from suppliers.
The liberalization of the market has
come to an end for non-household
customers and in this moment, for the
household ones, 50% of the energy is
bought on the competitive market.
In 2016 the degree of liberalization for
household customers will increase to
60% starting January 1st and to 70%
starting July 1st.
For us, the main challenge is the aim to
increase the market quota both in terms of electric
energy and natural gas.
We believe that the market in Romania has a
significant potential to evolve and, according to our
estimates, the market will become more and more an
energy services market that also include energy supply.
Moreover, we trust that the lowest prices will turn to
fair prices and the competition will give up the area of
AN EXCELLENT
YEAR IS THAT
WHEN THE
MARKET EVOLVES
WITHIN THE
ANTICIPATED
PARAMETERS AND
THE LEGAL
FRAMEWORK
REMAINS STABLE.
10/26/15 2:12 PM
48
MCR ENERGY
speculation of the imperfections of the engross market

to the operational efficiency increase in order to serve
clients at their best with costs as low as there can be.
Being on the Romanian market for 10 years now,
CEZ is a strong supplier with an international
experience that aimed, from the beginning, to develop
a long-term business considering, of course, the local
environment. A CEZ client is an entity that chooses a
long-term partner with experience in ensuring
modern and qualitative services, that identifies
solutions to clients needs and that is there for the
client all the time.
consumers through the decrease of the number and

duration of outages, and also the replacement of old
production capacities with better performance ones
and taking into consideration the obligations regarding
the environment protection, it is hard to evaluate the
decrease the final price.
How has the low oil price affected the
electrical energy market?
The decrease of the oil and gas price created
a pressure on the energy price that, together with the
good hydraulicity and the decrease of consumption,
determined a slight drop of the energy price on the
engross market.
What are the main conclusions you have
reached after seeing the dynamics of the
energy consumption, hydro-energy/ wind &
solar production/ energy efficiency in 2014-2015?
What are your expectations for 2016 regarding these
dynamics?
The growth of renewables production certainly
contributed to an increase of energy supply safety and
emission reduction, having a positive influence on the
energy price on the engross market, as well.
We expect a slight energy consumption increase,
based on an economic growth. The authorities are
supporting more and more investors by granting
facilities regarding the development of industrial
parks and they will surely be attracted by the
advantages put at their disposal.
Also, regarding the pressure on costs, it will not
decrease, but it will transform into what we consider
to be affordability, which means a lower cost resulted,
as much as possible, from the price energy
consumption mix. To sum up, we believe that
implementing energy efficiency measures will be the
main engine that will lead to a decrease of the energy
invoice value. We strongly believe in the long-term
benefits of offering our customers the tools to better
manage their consumption, and therefore the costs.
This should give them a better predictability for their
own development and a certain independence to the
market changes.
What constitutes a good year for CEZ
Romania? What are the criteria for defining
a good year?
A good year is that when we conclude our internal
projects successfully, because most of our internal
projects target process optimization and cost
efficiency. An excellent year, though, is that when the
market evolves within the anticipated parameters and
the legal framework remains stable.
5.
6.
4.
We have seen a lot of tax changes affecting

the final price of the energy such as the
special tax on infrastructure or the
incoming VAT decrease (including for energy). In
what proportion have these changes affected the
final prices for consumers? Do you see justifiable
reasons for lowering the prices in 2016 as an effect
of the VAT decrease?
There are many components of the energy price,
comprised in the invoice. In an invoice, only 28% for
household clients and 48% for business clients
represent the cost of pure energy that is traded on the
market, the other percentage is represented by the grid
costs (distribution and transportation) and other taxes
and fees.
The decrease of VAT by 4% will reduce the share of
taxes but, considering the high need of investments
for safety improvements in the energy supply to
7.
10/26/15 2:12 PM
49
RETAIL TRADE OF FUELS, GAS STATIONS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
ANNUAL
MCR
2014
SCORING TURNOVER(RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
14,196,935,640 363,239,731
228
Bucuresti, Sector 1
1
2
3
OMV PETROM MARKETING SRL
4.0125
ROMPETROL DOWNSTREAM SRL
4.1250
9,490,063,796
42,557,206
1,774
Bucuresti, Sector 1
LUKOIL ROMANIA SRL
3.6875
5,860,886,243
-165,677
3,013
Bucuresti, Sector 1
MOL ROMANIA PETROLEUM

PRODUCTS SRL
4.0125
4,350,917,746 109,812,116
198
Cluj-Napoca, Cluj
5
6
7
8
9
OSCAR DOWNSTREAM SRL
4.2250
1,902,058,361
47,109,242
306
Bucuresti, Sector 2
ROMTRANSPETROL SA
3.3500
746,353,489
-8,800,637
390
Bucuresti, Sector 6
EGL GAS & POWER ROMANIA SA
3.3000
593,507,570
-37,814,723
16
Bucuresti, Sector 1
11
2.8250
496,372,340
-8,216,956
134
Bucuresti, Sector 1
3.3000
438,977,839
8,208,192
46
Arad, Arad
ENI ROMANIA SRL

SMART DIESEL SRL
10
TURIST SERVICE SRL
10
2.8625
161,165,055
1,557,532
44
Adunatii Copaceni,
Ilfov
11
12
NIS PETROL SRL
13
2.1125
145,123,034
-57,348,829
47
Bucuresti, Sector 2
AS24 TANKSERVICE SRL
12
2.5500
138,489,622
11,232,627
10
Bucuresti, Sector 1
13
ROMBEER CRINGASU SRL
2.9500
122,132,375
4,208,795
85
I.L.Caragiale,
Dambovita
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 1
WHOLESALE OF ELECTRICITY AND FUEL

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
ANNUAL
MCR
2014
1
2
3
4
5
6
7
8
9
10
11
12
ELECTRICA.FURNIZARE
4.5000
4,011,621,961 228,653,027
1,219
OMV PETROM GAS SRL
3.9875
3,687,699,295 138,101,744
45
Bucuresti, Sector 1
N/A
N/A
2,425,791,857
66
Bucuresti, Sector 1
ENEL ENERGIE SA
3.8250
1,921,671,228 135,034,481
236
Bucuresti, Sector 1
ENEL ENERGIE MUNTENIA SA
3.9500
1,833,787,667
54,333,429
182
Bucuresti, Sector 1
CEZ VANZARE SA
4.3000
1,336,390,637
79,962,544
45
Craiova, Dolj
TRANSENERGO COM SA
3.5500
817,341,728
15,723,205
39
Bucuresti, Sector 5
ROMPETROL GAS SRL
3.6375
768,423,927
14,656,671
125
Bucuresti, Sector 1
WIEE ROMANIA SRL
3.6750
572,573,114
13,686,315
Bucuresti, Sector 1
12
3.3875
565,781,181
3,188,636
249
Braila, Braila
3.5750
532,175,102
53,893,793
229
Bucuresti, Sector 1
ROTTCO CONSULT SRL
15
3.1125
521,516,677
716,260
21
Voluntari, Ilfov
13
GEN - I BUCHAREST - ELECTRICITY

TRADING AND SALES SRL
13
3.1750
466,586,783
2,937,957
Bucuresti, Sector 3
14
15
16
17
18
19
20
21
22
REPOWER FURNIZARE ROMANIA SRL
18
2.9875
457,822,059
120,363
25
Bucuresti, Sector 1
AIR BP SALES ROMANIA SRL
10
3.5500
441,158,194
29,701,345
Otopeni, Ilfov
ALPIQ ROMINDUSTRIES SRL
20
2.9250
395,055,024
3,961,217
15
Bucuresti, Sector 1
TREND ENERGY SRL
16
3.1125
325,860,038
1,213,991
Bucuresti, Sector 1
LLK LUBRICANTS ROMANIA SRL
17
3.0125
324,914,080
-3,999,621
89
Ploiesti, Prahova
VOTROM SRL
11
3.4250
299,241,718
5,781,536
19
Oradea, Bihor
UNICOM HOLDING SA
24
2.6375
268,790,623
-8,751,160
66
Voluntari, Ilfov
EFT FURNIZARE SRL
TINMAR - IND SA
COMISION TRADE SRL

GASPECO L &D SA
46,732,590
N/A
N/A
263,595,160
12,955,850
Bucuresti, Sector 3
ROMENERGY INDUSTRY SRL
14
3.1750
251,007,938
3,441,307
Alba Iulia, Alba
23
SOCIETATEA COMERCIALA
DE DISTRIBUTIE SI FURNIZARE A
ENERGIEI ELECTRICE - ELECTRICA SA
19
2.9875
244,721,635 276,075,054
139
Bucuresti, Sector 1
24
OIL ENERGY TRADING SRL
22
2.7375
215,303,096
Bucuresti, Sector 1
049-051 tabele energy.indd 49
1,223,034
10/27/15 4:39 PM
50
MCR ENERGY
WHOLESALE OF ELECTRICITY AND FUEL

RANKING
BY
COMPANY NAME
TURNOVER
25
26
27
28
RANKING
BY MCR
SCORING
ANNUAL
MCR
2014
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 1
LORD ENERGY SRL
25
2.6125
211,035,912
7,116,994
ADE GAS OIL COMPANY SRL
21
2.8625
206,924,517
3,226,046
43
Caracal, Olt
ARAL E.U. SRL
23
2.7000
205,418,819
7,646,326
194
Tilisca, Sibiu
ENERGY HOLDING SRL
26
2.1750
204,295,070
-21,338,362
21
Bucuresti, Sector 1
OIL & GAS, EXTRACTION AND DISTRIBUTION

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
ANNUAL
MCR TURNOVER
BY MCR
2014
SCORING SCORING
(RON)
PROFIT/ LOSS
2014 (RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
3
4
5
OMV PETROM SA
3.7500
16,511,641,496
2,542,961,402
17,866
Bucuresti, Sector 1
ROMPETROL RAFINARE SA
3.9125
13,490,672,651
-1,074,861,979
1,272
Navodari, Constanta
PETROTEL - LUKOIL SA
3.5375
6,458,827,588
-308,035,026
444
Ploiesti, Prahova
E.ON ENERGIE ROMANIA SA
4.1375
4,725,137,545
112,315,893
187
Targu Mures, Mures
GDF SUEZ ENERGY ROMANIA SA
3.6625
4,532,811,410
465,511,531
554
Bucuresti, Sector 4
SOCIETATEA NATIONALA DE GAZE

NATURALE ROMGAZ SA
SOCIETATEA NATIONALA DE TRANSPORT
GAZE NATURALE - TRANSGAZ SA
3.8750
4,493,341,140
1,788,329,076
6,233
Medias, Sibiu
4.6625
1,618,089,040
610,587,212
4,854
Medias, Sibiu
7
8
9
10
4.2500
1,142,204,840
153,887,959
2,560
Bucuresti, Sector 4
E.ON GAZ DISTRIBUTIE SA
10
3.5000
770,545,287
98,637,456
1,538
Targu Mures, Mures
ARELCO DISTRIBUTIE SRL
3.7375
593,966,042
25,316,835
19
Bucuresti, Sector 1
DISTRIGAZ SUD RETELE SRL
LINDE GAZ ROMANIA SRL

11
Timisoara, Timis
www.linde.ro
OLIVER CHRISTIAN PFANN
General Manager
MCR SCORING: 3.4750

ANNUAL TURNOVER 2014 (RON): 507,873,838
PROFIT/ LOSS 2014 (RON): 104,170,999
NO. OF EMPLOYEES 2014: 424
12
13
14
15
16
17
18
19
20
21
BULROM GAS IMPEX SRL
13
3.3875
456,816,715
30,018,466
140
Bucuresti, Sector 1
CONPET SA
12
3.4125
375,032,873
64,467,478
1,709
Ploiesti, Prahova
TOTAL LUBRICANTS ROMANIA SA
14
3.0125
272,714,588
1,537,603
100
Cristian, Brasov
AMROMCO ENERGY SRL
24
2.4125
238,398,505
-76,327,554
342
Ploiesti, Prahova
CONEF GAZ SRL
19
2.5500
228,261,762
-4,402,408
Bucuresti, Sector 4
MOL ENERGY TRADE ROMANIA SRL
15
2.8000
195,683,163
824,789
Bucuresti, Sector 1
KMG ROMPETROL SRL
21
2.4750
192,438,804
-20,518,155
327
Bucuresti, Sector 1
BUTAN GAS ROMANIA SA
27
2.1375
187,068,421
1,487,144
195
Bucuresti, Sector 1
CONGAZ SA
16
2.7000
163,057,948
9,078,576
240 Constanta, Constanta
GAZ SUD FURNIZARE SRL
18
2.6125
146,226,242
1,377,734
10
Bucuresti, Sector 1
Odorheiu Secuiesc,
Harghita
22
GLOBAL NRG ROM SRL
22
2.4250
122,750,174
-121,015
23
24
25
26
PETROSANTANDER ROMANIA SRL
17
2.6625
114,990,919
17,261,596
398
Arad, Arad
TEN GAZ SRL
25
2.3625
102,775,930
1,298,146
31
Cluj-Napoca, Cluj
ALMATAR TRANS SRL
23
2.4250
75,930,681
6,614,270
28
Paulesti, Prahova
PETROM DISTRIBUTIE GAZE SRL
26
2.3250
72,248,388
740,656
210
Bucuresti, Sector 1
27
NABORS DRILLING INTERNATIONAL

PLOIESTI SRL
20
2.5125
70,857,173
3,828,627
107
Boldesti-Scaeni,
Prahova
28
OIL PROD SRL
28
1.5875
164,906
-13,789,738
0 Constanta, Constanta
10/27/15 4:39 PM
51
POWER GENERATION AND DISTRIBUTION

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
SOCIETATEA COMERCIALA DE
PRODUCERE A ENERGIEI ELECTRICE IN
HIDROCENTRALE HIDROELECTRICA SA
COMPANIA NATIONALA DE TRANSPORT AL
ENERGIEI ELECTRICE TRANSELECTRICA SA
SOCIETATEA COMPLEXUL ENERGETIC
OLTENIA SA
SOCIETATEA NATIONALA
NUCLEARELECTRICA SA
RANKING
BY MCR
SCORING
ANNUAL
MCR
2014
PROFIT/ LOSS
2014 (RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.9375
3,406,045,203
1,157,958,941
3,973
Bucuresti, Sector 1
N/A
N/A
2,822,654,000
428,309,000
N/A
Bucuresti, Sector 3
10
3.2750
2,565,625,228
-693,635,725
18,438
Targu Jiu, Gorj
Bucuresti, Sector 1
www.nuclearelectrica.ro
DANIELA LULACHE
General Manager
MCR SCORING: 3,8500

ANNUAL TURNOVER 2014 (RON): 1.796.118.981
PROFIT/ LOSS 2014 (RON): 154.326.804
NO. OF EMPLOYEES 2014: 2.051
5
6
7
ELECTROCENTRALE BUCURESTI SA
3.8750
1,621,116,044
173,350,537
2,362
Bucuresti, Sector 6
ENEL DISTRIBUTIE MUNTENIA SA
3.5000
888,130,812
279,942,372
1,071
Bucuresti, Sector 1
CEZ DISTRIBUTIE SA
3.6875
832,342,721
65,072,612
1,208
Craiova, Dolj
3.5625
755,786,785
168,606,079
2,096
Ploiesti, Prahova
3.6875
690,956,275
123,399,367
1,825
Brasov, Brasov
15
2.5875
670,923,843
-352,308,913
6,672
Petrosani,
Hunedoara
3.6875
632,987,311
120,363,924
2,011
Cluj-Napoca, Cluj
3.4125
601,052,101
206,568,909
892
Timisoara, Timis
11
3.0375
492,882,405
109,409,630
714
N/A
N/A
327,328,137
56,043,284
2,819
Targu Mures, Mures
ENEL GREEN POWER ROMANIA SRL
14
2.6375
266,807,357
-121,481,801
55
Bucuresti, Sector 1
ELECTRIFICARE C.F.R. SA
16
2.4375
186,451,176
-7,916,648
2,570
Bucuresti, Sector 1
TOMIS TEAM SRL
19
2.1750
179,594,170
-505,832,593
16
Bucuresti, Sector 1
ELECTROCENTRALE GALATI SA
17
2.2250
171,375,420
-50,089,600
453
Galati, Galati
N/A
N/A
166,652,013
-17,607,831
1,929
Bucuresti, Sector 2
12
FILIALA DE DISTRIBUTIE A ENERGIEI

ELECTRICE 'ELECTRICA DISTRIBUTIE
MUNTENIA NORD' SA
SOCIETATEA COMERCIALA FILIALA DE
DISTRIBUTIE A ENERGIEI ELECTRICE
'ELECTRICA DISTRIBUTIE TRANSILVANIA
SUD' SA
SOCIETATEA COMPLEXUL ENERGETIC
HUNEDOARA SA
DISTRIBUTIE A ENERGIEI ELECTRICE
'ELECTRICA DISTRIBUTIE TRANSILVANIA
NORD' SA
SOCIETATEA COMERCIALA ENEL
DISTRIBUTIE BANAT SA
13
ENEL DISTRIBUTIE DOBROGEA SA
14
15
16
17
18
E.ON SERVICII TEHNICE SRL
9
10
11
19
SOCIETATEA DE SERVICII
HIDROENERGETICE HIDROSERV SA
20
21
22
23
24
OVIDIU DEVELOPMENT SRL
20
1.9250
151,946,970
-356,097,192
Bucuresti, Sector 1
CEZ ROMANIA SRL
12
2.7875
131,815,454
5,855,266
495
Bucuresti, Sector 1
BEPCO SRL
18
2.2125
110,496,423
5,842,877
N/A
Ghimbav, Brasov
CERNAVODA POWER SA
21
1.6500
106,668,263
-36,626,976
Bucuresti, Sector 2
VERBUND TRADING ROMANIA SRL
13
2.7750
105,259,727
2,495,862
Bucuresti, Sector 2
25
ELCOMEX EOL SRL
N/A
N/A
98,699,053
N/A
Cernavoda, Constanta
26
PESTERA WIND FARM SA
22
1.4250
64,456,859
-34,024,923
Bucuresti, Sector 2
10/27/15 4:39 PM
For Romania: Andreea Marin, Project Manager, Kompass Romania, Tel: +40 727 110 531, Email: andreea.marin@ibp.ro
052 R WETEX.indd 52
10/26/15 1:56 PM
CHEMICALS
WASTE MANAGEMENT
WHOLESALE OF CHEMICAL PRODUCTS
PLASTIC AND RUBBER, EXCEPT TIRES
MANUFACTURE OF CHEMICALS
PAINTS, VARNISHES, INKS AND MASTICS
053 garda Chemicals.indd 53
10/26/15 9:08 PM
54
MCR CHEMICALS
WASTE MANAGEMENT
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
REMAT SA
3.3250
479,937,027
4,714,764
110
Calarasi, Calarasi
REMATHOLDING CO. SRL
3.3250
409,821,754
6,945,884
225
Bucuresti, Sector 4
ANGHEL N.G. SRL
11
2.7625
335,687,370
-78,735
81
Sendreni, Galati
ROMRECYCLING SRL
13
2.7000
278,950,334
-6,378,657
71
Jilava, Ilfov
3.4500
258,030,475
10,246,084
116
Argeselu, Arges
REMAT M.G. SA
16
2.5750
255,449,658
-14,878,980
188
Arad, Arad
COMPANIA ROMPREST SERVICE SA
20
2.5000
238,779,962
12,664,712
2,355
Bucuresti, Sector 1
SILNEF M.G. SRL
23
2.3250
228,609,237
-33,404,164
231
Brasov, Brasov
REMATINVEST SRL
21
2.4500
225,690,007
1,281,023
190
Cluj-Napoca, Cluj
Brasov, Brasov
METALIMPEX ROMANIA SRL
2.8875
214,431,937
589,251
196
15
2.6000
208,216,533
3,737,433
655
Buzau, Buzau
METAL GROUP COMIMPEX SRL
2.8625
207,108,994
2,134,923
33
Bucuresti, Sector 1
KIRAZOGLU CORPORATION SRL
24
2.2000
202,421,166
-5,829,108
77
Agigea, Constanta
ENERGROM SA
19
2.5500
163,125,248
-3,435,410
18
Bucuresti, Sector 3
URBAN SA
18
2.5625
157,012,653
5,156,439
2,355
Bucuresti, Sector 6
2.8250
153,597,113
9,260,247
80
Pantelimon, Ilfov
REMAT BRASOV SA
GREENTECH SA
MONBAT RECYCLING SRL
2.9375
152,306,439
22,942,965
1,451
SUPERCOM SA
12
2.7500
147,583,813
23,056,313
1,575
Bucuresti, Sector 2
TEHNOINVEST & CO RECYCLING SRL
22
2.3625
137,976,586
100,117
46
Brasov, Brasov
2.8625
112,853,729
415,783
11 Poarta Alba, Constanta
IONESCOM STEEL SRL
10
2.8000
112,635,803
1,488,194
AS METAL COM SRL
17
2.5750
110,083,220
1,210,693
82
Bucuresti, Sector 4
3.0375
106,001,590
24,150,671
274
Galati, Galati
14
2.6750
100,923,631
1,624,811
46
Brasov, Brasov
POLARIS M.HOLDING SRL
REMAT RECYCLING POARTA ALBA SRL
PHOENIX SLAG SERVICES SRL

SILNEF SRL

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
BAYER SRL
3.5125
622,268,875
10,600,823
213
Bucuresti, Sector 2
ALCEDO SRL
3.7000
504,140,491
24,671,549
223
Bucuresti, Sector 1
AGRIUM-AGROPORT ROMANIA SA
14
2.7000
489,385,576
-24,303,896
58
Galati, Galati
COMFERT SRL
10
2.8875
447,216,284
-45,829,191
221
Bacau, Bacau
3.2625
332,501,676
8,992,599
91
Bucuresti, Sector 1
SYNGENTA AGRO SRL
BASF SRL
6
Bucuresti, Sector 1
www.basf.ro
LUMINITA TEODORESCU
General Manager
MCR SCORING: 2.7625

PROFIT/ LOSS 2014 (RON): 7,089,758
7
8
9
10
11
12
054-058 tabele chemicals.indd 54
3.0750
205,281,898
9,270,746
89
Chiajna, Ilfov
11
2.8250
195,955,519
24,746,119
60
Carei, Satu Mare
AZOCHIM SRL
3.1375
183,915,692
11,495,352
126
Calugareni, Giurgiu
DEN BRAVEN ROMANIA COMEX SRL
3.0125
180,609,043
14,025,605
193
Buftea, Ilfov
N/A
N/A
177,354,326
5,096,870
Bucuresti, Sector 6
19
2.6125
154,728,739
4,218,915
23
Voluntari, Ilfov
BRENNTAG SRL
AGROTEX SRL
TEBU CONSULT INVEST SRL

MAKHTESHIM AGAN MAROM SRL
10/26/15 9:16 PM
55

RANKING
BY
COMPANY NAME
TURNOVER
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.0750
139,086,825
14,432,911
91
Bucuresti, Sector 1
KWIZDA AGRO ROMANIA SRL
31
2.2625
131,710,533
-4,001,140
56
Bucuresti, Sector 1
DUPONT ROMANIA SRL
16
2.6750
127,398,661
2,040,875
26
Bucuresti, Sector 1
2.9250
127,097,624
4,599,753
43
Vladimirescu, Arad
12
2.8250
125,544,956
22,080,165
79
2.9875
108,142,205
11,598,401
46
Bucuresti, Sector 1
CHEMARK ROM SRL
17
2.6375
102,787,118
4,021,783
116
Codlea, Brasov
MARIA INVEST HOLDING SRL
20
2.6125
101,251,140
11,109,029
30
Chirnogi, Calarasi
GLISSANDO SRL
21
2.5750
100,258,541
2,683,792
123
Timisoara, Timis
SIKA ROMANIA SRL
36
2.0125
93,940,985
-728,368
64
Bucuresti, Sector 5
SOLAREX IMPEX SRL
18
2.6375
89,439,251
19,148,089
94
Craiova, Dolj
ELTON CORPORATION SA
23
2.5500
80,006,798
6,056,439
47
Pantelimon, Ilfov
NUFARM ROMANIA SRL
34
2.1750
78,951,328
5,427,882
15
Bucuresti, Sector 1
BIZ SOLUTIONS SRL
32
2.2375
77,292,495
1,419,689
37
Amarastii De Jos, Dolj
NATUREVO SRL
22
2.5750
72,565,278
4,856,151
70
Bucuresti, Sector 5
BASF COATINGS SERVICES SRL
27
2.4250
72,030,692
6,353,730
17
Bucuresti, Sector 1
MESSER ROMANIA GAZ SRL
29
2.3250
71,704,614
11,288,866
94
Bucuresti, Sector 2
KASAKROM CHEMICALS SRL
24
2.4875
70,525,251
449,887
Bucuresti, Sector 3
HARIVEX COM SRL
15
2.7000
59,608,123
1,061,843
55
Suceava, Suceava
ORBIT POLYMERS SRL
37
1.8625
57,316,469
-5,353,620
14
Bucuresti, Sector 1
PROCERA AGROCHEMICALS ROMANIA SRL
33
2.2000
56,358,756
1,774,870
63
Fundulea, Calarasi
CHEMIROL AGRO SRL
30
2.3250
54,926,149
1,171,280
58
Arad, Arad
STERA CHEMICALS SRL
25
2.4875
52,486,634
1,862,152
35
Jilava, Ilfov
AGROPEST SEED SRL
26
2.4875
51,764,956
5,250,347
13 Alexandria, Teleorman
ADIDANA SRL
35
2.1125
50,538,370
286,004
15
Pitesti, Arges
AECTRA AGROCHEMICALS SA
28
2.4250
50,433,422
1,773,256
43
Bucuresti, Sector 1
TIMAC AGRO ROMANIA SRL
ARCHIM FERTIL SRL

BIOCHEM SRL
SUMMIT AGRO ROMANIA SRL

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
81,663,763
1,376
Carei, Satu Mare
CONTITECH FLUID AUTOMOTIVE

ROMANIA SRL
4.1250
669,273,558
2
3
4
5
VALEO LIGHTING INJECTION SA
TERAPLAST SA
17
2.7875
446,095,117
-7,396,941
860
Giarmata, Timis
HUTCHINSON SRL
3.2875
340,763,128
45,516,199
881
Cristian, Brasov
GREENFIBER INTERNATIONAL SA
3.3500
332,230,004
15,918,957
626
Buzau, Buzau
VALROM INDUSTRIE SRL
3.2250
275,731,973
14,678,933
384
Bucuresti, Sector 6
11
2.9500
232,469,308
11,396,449
454
Saratel,
Bistrita-Nasaud
ROMCARBON SA
7
Buzau, Buzau
www.romcarbon.com
RADU ANDREI
General Manager
MCR SCORING: 2.7000

PROFIT/ LOSS 2014 (RON): 36,697,883
8
9
EUROFOAM SRL
12
2.9500
159,635,323
9,341,676
207
Selimbar, Sibiu
PUROLITE SRL
19
2.7000
157,946,936
7,207,183
240
Victoria, Brasov
10/26/15 9:16 PM
56
MCR CHEMICALS

RANKING
BY
COMPANY NAME
TURNOVER
10
11
12
13
14
15
16
17
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
VITAFOAM ROMANIA SRL
20
2.7000
150,145,262
3,800,916
190
Ludus, Mures
ELJ AUTOMOTIVE SRL
14
2.8500
149,216,238
8,021,436
461
Titu, Dambovita
3.2250
145,283,425
22,770,179
395
Nadab, Arad
ARTEGO SA
13
2.9125
144,763,149
6,001,928
1,176
Targu Jiu, Gorj
GUALA PACK NADAB SRL
16
2.8250
133,894,855
24,711,635
197
Nadab, Arad
GREIF FLEXIBLES ROMANIA SRL
25
2.4750
132,430,431
165,242
761
Botosani, Botosani
ROMPETROL PETROCHEMICALS SRL
26
2.4000
122,603,041
8,070,023
Navodari, Constanta
3.0375
116,756,684
20,141,759
348
Mioveni, Arges
268
Tautii-Magheraus,
Maramures
Slobozia, Ialomita
CONTITECH THERMOPOL ROMANIA SRL
DELTA INVEST SRL
18
OPTIBELT POWER TRANSMISSION SRL
19
20
21
22
PET STAR HOLDING SRL
RANKING
BY MCR
SCORING
3.2250
115,234,334
25,403,643
23
2.5125
114,851,479
4,736,965
95
3.0375
113,467,949
8,921,216
276
Sibiu, Sibiu
TEHNO WORLD SRL
10
3.0125
112,434,991
11,366,630
89
Baia, Suceava
CAUCHO METAL PRODUCTOS SRL
24
2.5125
107,618,318
4,104,774
153
Selimbar, Sibiu
PHOENIX MECANO PLASTIC SRL
10/26/15 9:16 PM
57

RANKING
BY
COMPANY NAME
TURNOVER
23
24
STAR EAST PET SRL

PLASTOR SA
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
22
2.5750
105,905,301
3.0375
100,134,338
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
2,007,512
63
Brasov, Brasov
10,910,379
777
Oradea, Bihor
47
Dragomiresti-Deal,
Ilfov
Urlati, Prahova
25
HIPAC ROMANIA SRL
28
2.1125
99,055,794
26
27
28
29
PLASTIPAK ROMANIA SRL
29
1.8375
94,319,062
789,696
SYSTEMES MOTEURS SRL
27
2.3625
92,504,198
10,855,056
44
Titesti, Arges
METAPLAST SRL
21
2.6000
92,434,105
15,265,054
345
Bucuresti, Sector 3
GOLD PLAST PRODUCTION SRL
15
2.8500
90,645,668
6,986,697
456
Topoloveni, Arges
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
303,357
MANUFACTURE OF CHEMICALS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
AZOMURES SA
4.1875 1,681,092,188 143,940,842
1,729
Targu Mures, Mures
OLTCHIM SA
3.2875
627,531,194 -459,320,239
2,267
Ramnicu Valcea,
Valcea
UZINELE SODICE GOVORA - CIECH

CHEMICAL GROUP SA
2.5375
284,340,438
609
Ramnicu Valcea,
Valcea
4
5
6
EGGER TECHNOLOGIA SRL
2.8625
284,039,389
12,904,386
49
Radauti, Suceava
BIO FUEL ENERGY SRL
2.6000
254,134,819
-14,624,044
256
Zimnicea, Teleorman
REDOXIM SRL
3.5125
252,277,315
26,935,772
177
Ghiroda, Timis
REGIA AUTONOMA PENTRU ACTIVITATI

NUCLEARE RA
16
2.1875
225,979,851
-86,070,524
2,427
Drobeta-Turnu
Severin, Mehedinti
8
9
PRIO BIOCOMBUSTIBIL SRL
19
2.0500
216,263,250
-11,513,126
50
Lehliu-Gara, Calarasi
2.7125
187,027,863
4,434,983
668
Onesti, Bacau
CHIMCOMPLEX SA BORZESTI
-313,426
10
DONAU CHEM SRL
13
2.3500
132,539,913
-3,511,392
954
Turnu Magurele,
Teleorman
11
VIROMET SA
10
2.4125
131,358,956
-6,315,694
485
Victoria, Brasov
12
COMBINATUL DE INGRASAMINTE
CHIMICE SA
20
1.9500
94,267,732
1,740,509
62
Navodari, Constanta
13
14
15
16
17
18
19
20
21
22
CHEMGAS HOLDING CORPORATION SRL
18
2.1000
63,875,476
-11,348,923
770
Slobozia, Ialomita
AIR LIQUIDE ROMANIA SRL
21
1.9500
62,850,046
-994,068
64
Bucuresti, Sector 1
2.5750
53,498,318
10,956,392
54
Bucuresti, Sector 1
QUALICAPS ROMANIA SRL
11
2.3875
51,002,506
4,399,245
91
Bucuresti, Sector 1
SIAD ROMANIA SRL
17
2.1375
48,349,824
-1,627,037
62
Bucuresti, Sector 6
2.6750
44,996,201
11,519,918
34
Budeasa Mare, Arges
AROMA RISE SA
14
2.3250
38,087,700
1,805,452
73
Onesti, Bacau
KEMCRISTAL SRL
12
2.3875
37,319,423
1,767,688
73
Fundulea, Calarasi
BUSE GAZ SRL
22
1.9500
27,967,165
-1,063,784
62
Bucuresti, Sector 3
MELSPRING ROMANIA SRL
15
2.2375
14,182,355
438,324
31
Giurgiu, Giurgiu
ALCHIMEX SA
D PLAST-EFTEC RO SRL

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Dumbrava Rosie,
Neamt
KOBER SRL
2.9750
208,224,419
31,198,684
504
FABRYO CORPORATION SRL
2.7250
180,107,073
10,658,959
326 Popesti Leordeni, Ilfov
10/26/15 9:16 PM
58
MCR CHEMICALS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3
4
5
6
AZUR SA
2.9000
128,493,020
2,060,339
303
Timisoara, Timis
DEUTEK SA
2.5375
123,284,101
14,762,052
347
Bucuresti, Sector 3
POLICOLOR SA
10
2.5375
108,670,025
-562,694
293
Bucuresti, Sector 3
NUBIOLA ROMANIA SRL
11
2.4500
76,960,932
9,451,246
146
Doicesti, Dambovita
DAW BENTA ROMANIA SRL
14
2.2625
72,268,492
2,017,193
234
Sancraiu de Mures,
Mures
8
9
10
11
12
SENTOSA IMPEX SRL
15
2.2625
60,553,057
8,548,346
227
Hida, Salaj
METALBAC & FARBE SA
2.7000
43,842,499
17,706,343
121
Magura, Bacau
AXM PROD 93 SRL
2.5750
38,107,588
5,619,744
156
Bucuresti, Sector 4
DRUCKFARBEN ROMANIA SRL
22
1.7000
33,667,221
-5,888,600
80
Magurele, Ilfov
MER INVEST INDUSTRIES SRL
16
2.2375
29,624,525
667,388
43
Baicoi, Prahova
13
SARCOM SRL
2.5750
27,841,314
2,831,107
89
Ramnicu Valcea,
Valcea
14
15
SWARCO VICAS SA
13
2.3000
26,011,904
1,311,230
46 Targoviste, Dambovita
EUROINK ROMANIA SRL
17
2.1125
23,827,763
675,085
16
NATIONAL PAINTS FACTORIES

COMPANY SA
21
1.7625
14,645,110
-832,460
80
Miroslava, Iasi
17
CHIMTITAN SRL
2.6375
13,223,064
2,477,085
53
Bucuresti, Sector 3
18
CHEMPRO CHEMICALS SRL
20
1.8250
10,164,753
47,858
56
Ramnicu Valcea,
Valcea
19
20
21
22
VADOVA SRL
18
2.0500
9,643,876
100,648
38
Budesti, Valcea
2.8000
9,084,664
1,075,912
10
Slatioara, Olt
HELIOS TRADING CO SRL
12
2.3625
6,342,105
816,289
IZOCOLOR 92 PROD SRL
19
2.0500
5,738,472
113,645
26
DILOIL CHIM SRL
Bucuresti, Sector 3
10/26/15 9:16 PM
PHARMACEUTICALS
RETAIL TRADE OF PHARMACEUTICALS
WHOLESALE TRADE OF PHARMACEUTICALS
MANUFACTURE OF PHARMACEUTICALS
059 garda Pharmaceuticals.indd 59
10/26/15 9:21 PM
60
MCR PHARMACEUTICALS
RETAIL TRADE OF PHARMACEUTICALS

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
8,053,117
2,205
Mogosoaia, Ilfov
Bucuresti, Sector 4
SENSIBLU SRL
3.9375 1,250,586,655
S.I.E.P.C.O.F.A.R. SA
3.3750
787,646,671
27,654,616
1,531
ROPHARMA SA
3.3875
420,204,438
10,175,931
808
Brasov, Brasov
HELP NET FARMA SA
3.5000
389,870,752
9,828,213
1,309
Bucuresti, Sector 1
CATENA HYGEIA SRL
3.0375
263,234,009
27,576,770
356
Pitesti, Arges
FARMACEUTICA ARGESFARM SA
3.1000
247,469,026
4,684,674
299
Pitesti, Arges
11
2.5750
242,721,704
412,307
80
Magurele, Ilfov
BLD PHARMA SRL
2.7625
194,852,319
5,790,943
134
Bucuresti, Sector 5
GEDEON RICHTER FARMACIA SA
21
2.2875
148,932,376
-4,836,955
514
Corunca, Mures
SIBPHARMAMED SRL
20
2.3500
136,198,088
-15,626,955
327
Sibiu, Sibiu
BELLADONNA TRADE PHARM SRL
15
2.5375
106,486,164
1,014,509
320
Magurele, Ilfov
VILEUS MED-COM SRL
12
2.5750
105,143,459
11,047,515
134
Pitesti, Arges
TRI FARM SRL
10
2.6375
96,497,713
2,878,086
153
Ploiesti, Prahova
LAVIRA TRANSPORT SRL
18
2.3875
95,543,299
7,901,139
162
Bucuresti, Sector 3
CENTROFARM SA
27
1.9125
92,601,286
-10,907,201
288
Bucuresti, Sector 2
FARMACIA TEI SRL
17
2.4000
83,929,608
6,131,690
N/A
Bucuresti, Sector 2
HUMANAE VERITAS SRL
14
2.5500
77,447,843
2,020,334
16
Bucuresti, Sector 6
FARMAVITA SRL
22
2.2375
72,569,050
5,165,582
33
Pitesti, Arges
FARMACOM SA
13
2.5750
70,854,691
2,736,798
194
Brasov, Brasov
GENERAL NEXT PHARM SRL
26
2.0750
70,581,249
554,530
210
Magurele, Ilfov
YORK FARM SRL
16
2.4875
70,076,771
3,442,330
40
Bucuresti, Sector 4
MINI-FARM SRL
23
2.2000
68,332,868
416,852
184
Babadag, Tulcea
GENERAL CONCEPT PHARM SRL
25
2.1375
65,549,362
303,176
65
Magurele, Ilfov
REMEDIUM FARM SRL
2.7000
65,495,437
5,738,499
72
Cluj-Napoca, Cluj
MIKYCON & SON SRL
24
2.2000
63,067,338
921,467
150
Magurele, Ilfov
ECOFARMACIA NETWORK SRL
28
1.8875
62,987,305
-469,399
161
Brasov, Brasov
DUCFARM SRL
2.7625
62,461,983
4,850,746
77
Cluj-Napoca, Cluj
MYOSOTIS SRL
19
2.3875
60,519,639
2,440,673
238
Galati, Galati
MED-SERV UNITED SRL

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
50,491,116
873
Mogosoaia, Ilfov
MEDIPLUS EXIM SRL
3.5375 3,163,983,616
FARMEXPERT D.C.I. SA
3.9750 2,655,866,588 121,114,128
745
Bucuresti, Sector 6
FILDAS TRADING SRL
3.6000 1,483,661,791
48,305,299
643
Bucuresti, Sector 1
FARMEXIM SA
3.6625 1,473,602,204
21,206,940
651
Balotesti, Ilfov
POLISANO SRL
3.9750 1,325,617,137
9,023,648
808
Sibiu, Sibiu
SANOFI-AVENTIS ROMANIA SRL
3.3250
888,427,574
-31,038,761
142
Bucuresti, Sector 5
EUROPHARM HOLDING SA
3.2250
870,987,619
1,244
432
Brasov, Brasov
GLAXOSMITHKLINE (GSK) SRL
3.3875
514,706,791
33,614,482
225
Bucuresti, Sector 5
3.5500
514,692,607
64,727,000
11
Bucuresti, Sector 1
PHARMAFARM SA
30
2.6000
471,144,832
-36,459,796
408
Corunca, Mures
A.D.M. FARM SRL
22
2.7250
455,336,129
-46,305,610
415
Pantelimon, Ilfov
ROMASTRU TRADING SRL
16
2.8250
446,768,766
5,774,734
193
Bucuresti, Sector 1
ACTAVIS SRL
17
2.8250
318,923,461
13,651,091
190
Bucuresti, Sector 1
SERMEDIC SRL
060-062 tabele pharmaceuticals.indd 60
10/26/15 9:22 PM
61

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
14
15
A & G MED TRADING SRL
23
2.7250
278,698,941
-14,467,471
294
Bucuresti, Sector 4
FARMACEUTICA REMEDIA SA
10
3.1375
246,842,700
3,865,890
468
Bucuresti, Sector 4
16
BOEHRINGER INGELHEIM RCV GMBH & CO

KG VIENA SUCURSALA BUCURESTI
18
2.8250
241,833,532
2,353,797
76
Bucuresti, Sector 1
17
TEVA PHARMACEUTICALS SRL
36
2.1375
220,107,883
-18,683,938
129
Bucuresti, Sector 5
18
19
2.8250
212,225,104
11,696,445
162
Bucuresti, Sector 1
19
NOVARTIS PHARMA SERVICES

ROMANIA SRL
A & D PHARMA MARKETING & SALES
SERVICES S.R.L
26
2.6375
193,332,994
-4,781,870
216
Mogosoaia, Ilfov
20
PICARA TRADING SRL
27
2.6375
170,853,733
-3,765,904
70
Bucuresti, Sector 6
21
GLAXOSMITHKLINE CONSUMER
HEALTHCARE SRL
20
2.7625
167,460,554
24,022,501
77
Bucuresti, Sector 5
22
LABORMED PHARMA TRADING SRL
35
2.2625
163,365,510
343,418
123
Bucuresti, Sector 3
23
ANGELINI PHARMACEUTICALS
ROMANIA SRL
33
2.3250
146,401,965
-7,580,755
85
Bucuresti, Sector 4
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
FRESENIUS MEDICAL CARE ROMANIA SRL
24
2.7000
141,785,283
12,240,985
62
Bucuresti, Sector 1
BIO EEL SRL
28
2.6375
140,726,524
2,750,738
165
Targu Mures, Mures
FARMAVET SA
15
2.9125
139,832,255
3,892,819
501
Bucuresti, Sector 6
ONEDIA DISTRIBUTION SRL
14
3.0375
135,910,358
5,558,858
270
Pantelimon, Ilfov
MARAVET SRL
13
3.0750
120,551,091
17,761,909
PHARMNET PLUS SRL
21
2.7375
117,782,026
3,848,041
16
Bucuresti, Sector 1
MERCK ROMANIA SRL
29
2.6125
116,188,951
1,204,853
41
Bucuresti, Sector 6
N/A
N/A
115,787,753
462,512
215
Bucuresti, Sector 1
ASTELLAS PHARMA SRL
34
2.3000
111,547,266
-2,874,441
31
Bucuresti, Sector 1
ALCON ROMANIA SRL
37
2.1375
110,545,016
1,988,553
59
Bucuresti, Sector 2
B.BRAUN MEDICAL SRL
11
3.1375
105,117,351
8,477,250
96
Remetea Mare, Timis
PHARMA SA
32
2.4500
103,573,259
2,905,987
156
Iasi, Iasi
COZECOR PHARMA SRL
31
2.4875
103,191,900
-2,151,737
Oradea, Bihor
SERVIER PHARMA SRL
12
3.1000
103,052,197
7,094,343
279
Bucuresti, Sector 3
MEDIMFARM SA
25
2.6625
102,799,464
1,005,322
299
Ploiesti, Prahova
39
ZENTIVA INTERNATIONAL A. S. HLOHOVEC

SUCURSALA BUCURESTI
38
1.7125
-1,066,003
Bucuresti, Sector 3
ASTRAZENECA PHARMA SRL
89 Baia Mare, Maramures
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
PFIZER ROMANIA SRL
3.8250
641,254,368
45,376,305
191
Bucuresti, Sector 1
TERAPIA SA
3.6625
521,047,272
99,832,848
859
Cluj-Napoca, Cluj
EUROPHARM SA
2.7000
426,324,960
-8,067,730
213
Brasov, Brasov
ZENTIVA SA
3.5750
394,072,623
64,446,843
488
Bucuresti, Sector 3
ANTIBIOTICE SA
3.4125
320,058,303
37,363,132
1,465
Iasi, Iasi
SANDOZ SRL
2.9125
307,301,739
15,384,079
270
Targu Mures, Mures
14
2.3875
136,686,016
-20,130,437
241
Bucuresti, Sector 3
BIOFARM SA
3.2000
128,508,056
27,244,954
380
Bucuresti, Sector 3
INFOMED FLUIDS SRL
2.7250
115,750,485
2,473,910
418
Bucuresti, Sector 3
GEDEON RICHTER ROMANIA SA
13
2.4125
114,021,588
-56,920,366
548
Targu Mures, Mures
FITERMAN PHARMA S.R.L
10
2.6375
99,866,506
11,299,341
160
Iasi, Iasi
LABORMED-PHARMA SA
10/26/15 9:22 PM
62
MCR PHARMACEUTICALS
RANKING
BY
COMPANY NAME
TURNOVER
12
13
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Otopeni, Ilfov
ROMPHARM COMPANY SRL
23
2.1625
99,472,671
3,342,033
262
BIOTEHNOS SA
16
2.3250
89,092,880
57,605,261
143
Otopeni, Ilfov
Filipestii De Padure,
Prahova
14
PASTEUR - FILIALA FILIPESTI SRL
11
2.5750
73,951,673
18,999,989
216
15
16
17
18
19
20
21
22
23
24
25
FERROSAN SRL
20
2.2625
72,048,207
5,602,793
118
Cluj-Napoca, Cluj
BERLIN- CHEMIE A.MENARINI SRL
2.8875
65,654,499
4,628,439
210
Bucuresti, Sector 1
ABBOTT PRODUCTS ROMANIA SRL
17
2.3250
56,156,148
7,509,741
144
Bucuresti, Sector 1
HERBALIFE RO SRL
12
2.4875
55,068,987
1,521,069
16
Bucuresti, Sector 1
ROMVAC COMPANY SA
19
2.2875
52,620,132
6,501,358
410
Voluntari, Ilfov
HIPOCRATE 2000 SRL
18
2.3000
48,004,877
6,153,679
41
Bucuresti, Sector 1
SWISSCAPS ROMANIA SRL
15
2.3500
37,443,103
2,525,250
252
Cornu, Prahova
B.BRAUN PHARMACEUTICALS SA
24
2.1375
33,835,254
1,452,545
153
Timisoara, Timis
ARENA GROUP SA
25
2.0750
32,651,551
-6,947,576
127
Bucuresti, Sector 2
HOFIGAL EXPORT IMPORT SA
21
2.2000
26,892,281
1,568,516
182
Bucuresti, Sector 4
SINDAN - PHARMA SRL
22
2.2000
24,515,040
3,545,280
216
Bucuresti, Sector 1
10/26/15 9:22 PM
GLASS & CERAMICS

MANUFACTURE OF CERAMIC AND CERAMIC PRODUCTS
MANUFACTURE OF GLASS AND GLASS PRODUCTS
063 garda Glass & Ceramics.indd 63
10/26/15 9:22 PM
64
MCR GLASS AND CERAMICS
MANUFACTURE OF CERAMIC AND CERAMIC PRODUCTS

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
MONDIAL SA
2.7875
150,928,178
14,535,918
746
Lugoj, Timis
SANEX SA
2.8500
131,900,217
5,967,585
469
Cluj-Napoca, Cluj
18
2.0750
120,861,621
-15,449,596
188
Campina, Prahova
SOCERAM SA
CESIRO SA
Sighisoara, Mures
www.cesiro.com
AURELIAN VOIA
General Manager
MCR SCORING: 2.6250

NO. OF EMPLOYEES 2014: 1,701
5
6
7
8
9
10
11
12
13
14
15
16
17
18
IPEC SA
13
2.2875
92,590,087
8,472,652
740
APULUM SA
19
20
21
22
23
24
CONTACT
Alba Iulia, Alba
14
2.2875
86,692,053
2,788,425
979
Alba Iulia, Alba
CERSANIT ROMANIA SA
2.4625
76,010,413
5,210,188
447
Roman, Neamt
REGATA SRL
2.5125
75,826,736
2,619,268
CERAMICA SA IASI
2.4375
70,239,271
962,907
205
Iasi, Iasi
19
1.9250
69,112,673
154,118
47
Cluj-Napoca, Cluj
SAWA SA
2.4125
67,960,887
7,328,314
301
Sighisoara, Mures
PREMIER COM SRL
11
2.3250
61,580,890
1,042,850
64
Slobozia, Ialomita
LAPP INSULATORS SA
17
2.0875
55,871,689
66,236
Turda, Cluj
CEMACON SA
22
1.8000
54,999,028
-3,020,449
138
Cluj-Napoca, Cluj
ECOLAB SRL
2.7625
47,591,327
3,316,818
79
Iasi, Iasi
KAI CERAMICS SRL
21
1.8625
35,298,863
-620,416
22
Bucuresti, Sector 1
TONDACH ROMANIA SRL
24
1.6125
32,770,408
-6,098,102
35
Sibiu, Sibiu
ROCA OBIECTE SANITARE SRL
20
1.8875
32,131,071
-3,828,223
172
Bucuresti, Sector 6
NCH ROMANIA PRODUSE

DE INTRETINERE SRL
10
2.3625
31,829,075
3,800,700
17
Bucuresti, Sector 2
Bucuresti, Sector 1
SICERAM SA
2.6750
30,369,127
985,058
34
HELIOS SA
15
2.2500
23,094,617
1,101,961
114
Astileu, Bihor
YALCO ROMANIA SRL
16
2.1125
22,745,139
126,429
41
Otopeni, Ilfov
ELECTROCERAMICA SA
23
1.7625
16,095,999
461,336
79
Turda, Cluj
SANOTECHNIK COM RUMANIEN SRL
12
2.3000
15,064,012
289,622
20
Tancabesti, Ilfov
DIVERSEY ROMANIA SRL

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
SAINT-GOBAIN GLASS ROMANIA SRL
2.8500
314,493,048
-15,710,969
278
Bucuresti, Sector 2
STIROM SA
2.6375
204,491,428
10,623,585
385
Bucuresti, Sector 3
PIETTA GLASS WORKING SRL
2.5750
78,786,762
15,175,970
248
Valenii De Munte,
Prahova
4
5
6
7
8
9
10
11
CRISTAL BRAD SERVICE SRL
Bucuresti, Sector 4
2.2000
44,734,381
265,724
196
12
1.9500
28,076,145
203,259
136
Timisoara, Timis
GECSAT SA
2.3250
21,230,240
236,108
56
Tarnaveni, Mures
TC ROM GLASS SRL
2.4250
20,799,648
1,093,118
11
Bucuresti, Sector 4
DAFERMANN SRL
2.4250
20,441,582
3,129,772
26
Bacau, Bacau
LIPOPLAST SRL
N/A
N/A
18,444,468
470,085
20
Ghiroda, Timis
OLIN SRL
11
2.0750
17,324,693
1,161,042
67
Brasov, Brasov
LUSTIC INVEST SA
13
1.8875
16,480,849
-1,768,383
82
Brasov, Brasov
SANSWISS SRL
064-065 tabele glass&ceramics.indd 64
10/26/15 9:24 PM
65

RANKING
BY
COMPANY NAME
TURNOVER
12
13
14
15
16
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
WEST CO IMPEX SRL
2.3250
16,416,182
1,745,480
69
Criseni, Salaj
DELTA GLASS SRL
2.6375
16,224,946
2,426,656
74
Bucuresti, Sector 4
GEROM SA
14
1.8750
14,269,138
-1,762,557
134
Buzau, Buzau
GECSATHERM SA
10
2.1750
12,231,546
111,509
40
Tarnaveni, Mures
VISPESTI PROD SRL
15
1.7375
12,225,117
-2,359,122
47
Ploiesti, Prahova
064-065 tabele glass&ceramics.indd 65
10/26/15 9:24 PM
066 R veolia .indd 66
10/26/15 9:25 PM
METAL
WHOLESALE OF METAL AND METAL ORES
MANUFACTURE OF PRIMARY METAL PRODUCTS
MANUFACTURE OF METAL PRODUCTS
067 garda Metal.indd 67
10/26/15 9:26 PM
68
MCR METAL
WHOLESALE OF METAL AND METAL ORES

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
MAIRON GALATI SA
4.2250 1,146,128,706
36,611,326
404
Galati, Galati
METALROM SRL
2.5500
203,057,729
-2,867,473
26
Bucuresti, Sector 1
BAUROM CONSTRUCT SRL
2.7625
201,936,427
4,405,123
184
Chitila, Ilfov
Negresti-Oas,
Satu Mare
DAN STEEL GROUP NEGRESTI OAS SA
5
6
MIRAS INTERNATIONAL SA
MELINDA-IMPEX STEEL SA
8
9
10
11
12
COMTECH CO SRL
THYSSENKRUPP MATERIALS ROMANIA SRL
2.6125
198,087,686
2,687,918
27
3.0125
193,823,809
8,929,982
164
Buftea, Ilfov
11
2.5125
166,646,696
-697,806
76
Bucuresti, Sector 1
2.6375
139,866,950
-164,564
139
Odorheiu Secuiesc,
Harghita
2.6125
100,270,965
7,603,332
50
Slatina, Olt
GALVA METAL INTERNATIONAL SRL
26
1.8625
96,188,896
-730,581
Bucuresti, Sector 3
FRANKSTAHL ROMANIA SRL
15
2.3625
95,136,765
1,665,845
41
Bucuresti, Sector 4
CLEMANS SRL
17
2.3250
92,518,560
3,746,566
126
Bascov, Arges
SIDMA ROMANIA SRL
27
1.7375
90,942,214
-5,238,435
40
Cernica, Ilfov
13
ARCELORMITTAL DISTRIBUTION
ROMANIA SRL
22
1.9875
89,644,792
-8,448,400
24
Bucuresti, Sector 2
14
15
16
17
18
19
20
21
22
23
24
ITALINOX ROMANIA SRL
18
2.3250
83,108,508
1,577,542
53
Bucuresti, Sector 1
STEELMET ROMANIA SA
23
1.9875
79,049,935
-395,506
26
Bucuresti, Sector 3
PROSIDER INTERNATIONAL TRADING SRL
21
2.1125
78,251,395
838,922
48
Bucuresti, Sector 3
HAMEI EXIM SRL
19
2.3000
76,258,677
1,040,973
Slobozia, Ialomita
ALUMIL ROM INDUSTRY SA
12
2.4875
72,928,967
2,119,998
168
Bucuresti, Sector 5
2.5750
70,209,120
3,435,521
96
Cluj-Napoca, Cluj
DUNA STEEL COMPANY SRL
16
2.3625
66,584,185
701,292
15
Timisoara, Timis
T & T EUROGROUP SRL
13
2.4875
66,377,810
2,727,726
Piatra Neamt, Neamt
DIRECT LINE INOX IMPEX SRL
2.5500
65,025,295
3,874,204
39
Bucuresti, Sector 4
RAMOSS COM SRL
25
1.9500
64,069,396
1,445,112
176
Sacele, Brasov
METALICPLAS DISTRIBUTION SRL
29
1.6375
54,467,043
-4,660,185
126
Dej, Cluj
42
Odorheiu Secuiesc,
Harghita
KONIG FRANKSTAHL SRL
25
COLOR-METAL SRL
14
2.4875
53,139,686
26
27
28
29
DACOTRANS SRL
10
2.5500
51,192,227
1,078,368
METALTRADE INTERNATIONAL SRL
24
1.9750
46,180,644
-7,768,034
286
Galati, Galati
MECHEL SERVICE ROMANIA SRL
28
1.7375
44,007,674
-22,176,971
28
Bucuresti, Sector 3
TIRANA IMPORT EXPORT SRL
20
2.3000
42,407,484
1,872,713
32
Cluj-Napoca, Cluj
NO, OF
EMPLOYEES
2014
CONTACT
2,736,501

RANKING
BY
COMPANY NAME
TURNOVER
068-071 tabele metal.indd 68
1
2
3
4
ARCELORMITTAL GALATI SA
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
11
3.1500 3,592,087,513 -482,230,382
6,752
Galati, Galati
SILCOTUB SA
4.1875 2,045,554,557 326,266,763
1,625
Zalau, Salaj
ALRO SA
3.7875 2,022,735,142 -228,777,953
2,417
Slatina, Olt
T.M.K. ARTROM SA
3.7250
972,787,217
47,716,271
1,247
Slatina, Olt
ARCELORMITTAL TUBULAR PRODUCTS

ROMAN SA
3.6750
646,667,790
3,041,786
1,407
Roman, Neamt
ARCELORMITTAL HUNEDOARA SA
3.5875
581,613,253
19,300,045
573
Hunedoara,
Hunedoara
7
8
COS TARGOVISTE SA
3.4125
580,970,741
-53,014,177
TMK - RESITA SA
3.4125
552,386,673
3,479,835
1,355 Targoviste, Dambovita

749
Resita, Caras-Severin
10/26/15 10:27 PM
69

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Tulcea, Tulcea
9
10
ALUM SA
3.5875
536,644,896
50,113,830
685
CROMSTEEL INDUSTRIES SA
3.4125
336,271,754
29,367,529
11
HAMMERER ALUMINIUM INDUSTRIES

SANTANA SRL
15
2.9500
324,288,135
4,468,922
109
Santana, Arad
12
13
DUCTIL STEEL SA
19
2.6625
300,668,061 444,569,390
605
Buzau, Buzau
DONALAM SRL
22
2.5750
279,959,244
-12,820,722
203
Calarasi, Calarasi
14

IASI SA
12
3.0875
277,643,769
-11,009,386
256
Iasi, Iasi
15
16
17
18
SAPA PROFILES SRL
10
3.2000
257,413,515
1,181,816
182
Chisineu-Cris, Arad
DOOSAN I.M.G.B. SA
30
2.2875
246,396,269
-22,321,866
456
Bucuresti, Sector 4
STG STEEL SRL
31
2.2625
230,072,406
63,006
197
Bucuresti, Sector 1
VIMETCO EXTRUSION SRL
27
2.3250
221,036,841
-3,077,712
225
Slatina, Olt
19
DAN STEEL GROUP BECLEAN SA
20
2.6500
218,107,717
3,262,908
542
Beclean,
Bistrita-Nasaud
20
21
ERDEMIR-ROMANIA SRL
33
2.2250
186,772,406
-4,617,496
HOEGANAES CORPORATION EUROPE SA
18
2.7000
166,287,482
17,181,436
98
Buzau, Buzau
22
UNIVERSAL ALLOY CORPORATION

EUROPE SRL
24
2.5375
164,150,326
33,637,613
631
Dumbravita,
Maramures
23
24
25
26
27
28
29
BECOTEK METAL SRL
16
2.8875
158,786,834
11,948,541
200
Ghimbav, Brasov
TECHNOSTEEL LBR SRL
25
2.5125
147,670,664
328,559
223
Iasi, Iasi
MAIRON TUBES SRL
13
3.0125
128,505,908
1,944,691
112
Galati, Galati
INDUSTRIA SARMEI CAMPIA TURZII SA
32
2.2500
123,774,375 287,626,493
232
Campia Turzii, Cluj
CIE MATRICON SA
21
2.6375
117,897,389
13,457,815
229
Targu Mures, Mures
EUCASTING RO SRL
14
3.0125
112,064,861
18,580,097
154
Bradu, Arges
SATURN SA
17
2.7250
97,721,836
8,554,559
486
Alba Iulia, Alba
30

GALATI SRL
28
2.3250
88,874,796
684,086
179
Galati, Galati
31
32
33
34
35
36
CUPROM SA
35
1.7000
83,673,303
-1,581,825
74
Bucuresti, Sector 1
GRUPPO RAGAINI ROMANIA SRL
36
1.6375
80,228,300
-2,692,646
198
Bucuresti, Sector 4
ALU METALL GUSS SRL
26
2.3875
79,048,934
6,108,676
112
Deta, Timis
SCHULTE & SCHMIDT SRL
23
2.5750
60,200,622
14,112,345
133
Brasov, Brasov
ALMET SA
29
2.3250
59,442,023
714,317
52
Navodari, Constanta
METALSIL PROD SRL
34
2.0125
50,723,680
41,169
80
Brasov, Brasov

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
BAMESA OTEL SA
3.2625
434,168,137
27,859,100
103
Topoloveni, Arges
ELSID SA
2.9125
357,184,278
32,586,356
287
Titu, Dambovita
CORD ROMANIA SRL
3.4125
354,946,840
38,601,728
563
Slatina, Olt
CAN-PACK ROMANIA SRL
3.3875
310,438,112
28,899,834
166
Bucuresti, Sector 4
FAIST MEKATRONIC SRL
3.1000
292,640,338
28,519,750
868
Oradea, Bihor
GIC NOSAG METAL SRL
3.4125
253,675,372
4,535,782
435
Bradu, Arges
PROCEMA - INSTITUT DE CERCETARE,

PROIECTARE SI PRODUCTIE EXPERIMENTALA IN DOMENIUL CONSTRUCTIILOR SI AL
MATERIALELOR DE CONSTRUCTII SA
16
2.7625
242,688,335
23,265,227
132
Bucuresti, Sector 1
VILMAR SA
10
2.9125
221,836,934
14,280,773
344 Ramnicu Valcea, Valcea
10/26/15 10:27 PM
70
MCR METAL

RANKING
BY
COMPANY NAME
TURNOVER
9
10
11
CONFIND SRL
12
VOESTALPINE STEEL SERVICE CENTER

ROMANIA SRL
13
DUCTIL SA
14
COMPANIA NATIONALA ROMARM SA

BUCURESTI FILIALA SOCIETATEA
COMERCIALA UZINA MECANICA CUGIR SA
15
16
17
18
19
20
21
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Campina, Prahova
3.0000
213,083,943
23,833,955
1,252
ELDON SRL
18
2.7250
182,266,703
4,090,793
723
Prejmer, Brasov
NIMET SRL
11
2.9125
167,988,374
16,921,829
375
Lazuri, Dambovita
N/A
N/A
167,866,096
1,599,934
N/A
Giurgiu, Giurgiu
3.1000
164,255,326
10,481,345
269
Buzau, Buzau
21
2.6625
154,071,407 444,842,753
967
Cugir, Alba
OTELINOX SA
29
2.5375
150,521,617
-10,345,702
METALICPLAS IMPEX SRL
59
2.2250
140,758,860
-2,721,743
ISOPAN EST SRL
12
2.8875
138,204,573
12,322,176
BILKA STEEL SRL
13
2.8875
134,619,269
9,262,907
81
Brasov, Brasov
HUF ROMANIA SRL
30
2.5375
129,191,104
-964,052
324
Arad, Arad
MEGAPROFIL SRL
24
2.5750
126,307,210
-1,992,524
123
Buzias, Timis
ASSA ABLOY
ENTRANCE SYSTEMS
PRODUCTION ROMANIA SRL
ELECTROCARBON SA
MCR SCORING: 3.0375

PROFIT/ LOSS 2014 (RON): 5,683,646
31
2.5375
120,867,510
1,927,260
308
Slatina, Olt
23
ARCON SRL
22
2.6375
120,246,976
5,915,882
161
Sfantu Gheorghe,
Covasna
24
25
ASSA ABLOY ROMANIA SRL
52
2.2875
111,109,122
-17,490,394
526
Bucuresti, Sector 6
35
2.4500
104,348,704
943,342
82
Bucuresti, Sector 6
26
PLASTSISTEM SA
43
2.3875
99,697,531
5,512,448
71
Sieu-Magherus,
Bistrita-Nasaud
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
FIERCTC SIBEL SRL
49
2.3250
92,072,622
4,311,223
107
Galati, Galati
CSI ROMANIA SRL
40
2.4125
88,848,784
960,202
259
Cluj-Napoca, Cluj
SPS SRL
44
2.3875
86,571,579
3,873,619
85
Buzau, Buzau
ENERGO SA
61
2.2000
84,217,861
1,025,906
246
Brasov, Brasov
EMAILUL SA
19
2.7125
83,852,922
2,848,827
870
Medias, Sibiu
TOPANEL PRODUCTION PANELS SA
62
2.2000
83,768,614
1,384,999
72
Bucuresti, Sector 1
DEPACO SRL
25
2.5750
83,062,010
3,921,813
118
Baicoi, Prahova
PROFILAND STEEL SRL
54
2.2625
82,330,393
-2,600,181
130
Galati, Galati
IRROM INDUSTRIE SRL
48
2.3500
82,199,708
2,559,573
293
Iclod, Cluj
FORJA NEPTUN SRL
63
2.2000
82,012,776
6,832,700
169
Baicoi, Prahova
DURAZIV SRL
75
2.0125
79,758,173
831,295
METABET C.F. SA
41
2.4125
75,395,484
5,745,170
LINDAB SRL
64
2.2000
74,101,967
-372,901
PROINVEST GROUP SRL
72
2.0750
73,772,697
2,317,246
211
FAIST METALWORKING SRL
53
2.2875
70,417,107
3,971,851
372
Bors, Bihor
GORMET SRL
65
2.2000
68,462,557
7,692,488
73
Cluj-Napoca, Cluj
43
DEXION STORAGE
SOLUTIONS SRL
MCR SCORING: 2.0375

Dej, Cluj
Hunedoara, Hunedoara
www.albanydoors.com
www.assaabloyentrance.com
SILVIU GATA
Sales Manager
22
272

476
Pitesti, Arges
90 Stefanestii De Jos, Ilfov

Pascani, Iasi
Rasnov, Brasov
www.dexion.ro
BRIAN HOWSON
General Manager
10/26/15 10:27 PM
71

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
44
45
46
47
48
49
50
51
52
SIRME SI CABLURI SA
71
2.1000
65,784,506
408,442
371
Harsova, Constanta
FORJA ROTEC SRL
55
2.2625
65,626,526
7,920,357
146
Buzau, Buzau
VOESTALPINE STAMPTEC ROMANIA SRL
56
2.2625
64,383,140
3,865,508
178
Arad, Arad
ELMET INTERNATIONAL SRL
50
2.3250
62,875,736
5,145,770
208
Bacau, Bacau
HECKLER ROMANIA SRL
20
2.6750
61,043,960
1,053,507
34
Selimbar, Sibiu
BOG'ART STEEL SRL
77
1.8625
60,190,409
-1,956,624
28
Bucuresti, Sector 3
ARMAX GAZ SA
68
2.1625
59,084,405
-15,038,816
321
Medias, Sibiu
GRAPHIMET INTERNATIONAL SRL
39
2.4250
58,699,629
5,001,512
Bailesti, Dolj
BDM GRUP INVEST SRL
36
2.4500
58,391,072
782,251
53
VIKINGPROFIL SRL
69
2.1375
57,663,285
-1,459,676
54
55
56
57
58
59
60
DOLADELA COMPANY SRL
23
2.6375
57,612,191
4,826,179
56
Galati, Galati
MARTIFER CONSTRUCTII SRL
79
1.7625
55,989,336
-16,976,307
202
Bucuresti, Sector 3
SYSMEC SRL
76
1.9500
54,913,902
-7,201,444
168
Arad, Arad
ALLSTAR PROD SRL
45
2.3875
54,749,064
3,424,026
234
Targu Mures, Mures
PAS TECHNOLOGIES ROMANIA SRL
17
2.7625
52,102,050
17,371,429
56
Campina, Prahova
PIROUX INDUSTRIE ROMANIA SRL
32
2.5125
51,546,996
7,274,065
243
Mioveni, Arges
BIALETTI STAINLESS STEEL SRL
60
2.2250
50,962,143
798,640
254
Dumbravesti, Prahova
61
COMPANIA DE CONSTRUCTII DIN ALUMINIU

TEHNOREX SRL (C.C.A.TEHNOREX)
57
2.2625
50,548,504
2,645,409
104
Magureni, Prahova
62
63
64
65

58
Prahova
MARCEGAGLIA ROMANIA SRL
78
1.8625
49,930,856
-248,434
41
Chisoda, Timis
TECSA MECCANISMI SRL
33
2.5125
49,689,476
7,795,033
94
Apahida, Cluj
ARDAGH METAL PACKAGING BUFTEA SA
66
2.2000
48,950,859
-116,285
77
Buftea, Ilfov
LEMAN INDUSTRIE SRL
34
2.5125
48,758,825
3,331,132
205
Timisoara, Timis
66
WALOR RO SRL
70
2.1375
48,459,276
143,577
157
Sfantu Gheorghe,
Covasna
67
68
69
70
TERWA ROMANIA SRL
37
2.4500
48,108,690
2,407,934
145
Cristian, Brasov
PROLYTE PRODUCTS RO SRL
46
2.3875
47,743,225
888,133
151
Slatina, Olt
FERONERIA PROD SA
42
2.4125
47,638,591
269,250
295
Arad, Arad
TOTAL DISPLAY MEDIA SRL
58
2.2625
46,586,435
1,181,752
71
Bucuresti, Sector 1
71
COILPROFIL SRL
47
2.3875
45,508,617
3,889,017
73
Ceptura De Jos,
Prahova
72
73
74
PREMAGRO SA
26
2.5750
45,411,524
506,347
141
Oradea, Bihor
SARA SRL
67
2.2000
44,981,343
3,635,377
175
Buzau, Buzau
UTCHIM STEEL SRL
27
2.5750
43,423,863
374,374
66
Gaesti, Dambovita
6,174,839
106
Sancraiu de Mures,
Mures
75
KERN LIEBERS CARPATIA SCS
28
2.5750
43,386,501
76
77
SETRO METAL GROUP SA
51
2.3250
42,699,031
373,933
225
Campulung, Arges
OLIMP-IMPEX SRL
38
2.4500
42,517,121
2,899,841
52
Sanmartin, Bihor
78
DEFI GROUP SAS.-FRANCE SUCURSALA

BRASOV
15
2.8000
42,502,609
2,317,968
44
Brasov, Brasov
79
80
TECHNO DOPO TOTAL SA
14
2.8875
41,852,522
1,308,377
54
Pitesti, Arges
VES SA
74
2.0375
32,016,616
1,893,501
351
Sighisoara, Mures
10/26/15 10:27 PM
COMMITTED TO SUSTAINABLE
PRODUCTIVITY
We stand by our responsabilities towards our customers, towards the
environment and the people around us. We make performance stand the
test of time. This is what we call- Sustainable Productivity.
072 R atlas copco.indd 72
10/27/15 5:12 PM
MACHINERY
WHOLESALE OF MACHINERY, INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFTS
MANUFACTURE OF MACHINERY, INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFTS
073 garda Machinery.indd 73
10/26/15 9:53 PM
74
MCR MACHINERY
074-076 opinie atlas copco.indd 74
11/2/15 1:38 PM
75
INTERVIEW
CREATING VALUE FOR

CUSTOMERS WHILE
KEEPING A CLOSE EYE
ON EFFICIENCY
Liviu Chelaru, Country Manager, Atlas Copco Romania
1.
How would you describe the market in

which you conduct your business?
In spite of a generally low level of capital
investments, we can say that this year we had good
demand for small- and medium-sized compressors,
vacuum solutions, industrial tools and assembly
systems. Our service business is growing stronger and
stronger. We are focusing on creating value for
customers while keeping a close eye on efficiency.
Atlas Copco introduced this year
several innovative products, including
high-performance oil-injected screw
compressors, efficient bolt tensioning
tools, a speedy surface drill rig for
construction applications and small
quarries, and an intelligent monitoring
system for road construction equipment.
Innovation is in our DNA, and we are
committed to offering break-through
solutions that help customers become
more productive. The Group always
strives to create value for customers and
deliver higher productivity, smarter
ergonomics, enhanced safety and
improved energy efficiency.
Continuing to keep our promises for sustainable
productivity for our clients businesses, we expect our
business to grow with 2 digits in 2016.
From your perspective, how have the
exports and the domestic consumption
evolved? Have you had any surprises
compared with the initial forecasts? Please detail.
The Romanian economy was, for more than a year,
on an increasing trend, the economic and fiscal

policies contributing to the consolidation of this
trend. The official forecasts show an increase of
Romanian GDP in the following two years and, as
producers of B2B equipment for strategic industries,
we can confirm the increasing appetite. Atlas Copco
Romania has budgeted for this year an even higher
increase than the one budgeted at the group level. The
increase is determined not only by our offer, but
mainly by the market demand, which is
recovering and diversifying and thus
brings
internal
and
external
consumption. For example, in Romania,
the equipment demand for the
automotive industry is augmented this
year by other heavy industries, like
shipyards.
Atlas Copco supports several
key industries, such as the
food industry, automotive
and the oil & gas industry. The
economic signs differ from sector to
sector (the food industry was
supported by the VAT cut, the
automotive industry seems to be the
beneficiary of more favorable credit conditions,
while oil & gas deals with the decrease of the
international prices). What are your forecasts for
the next years in these industries?
Romanias food and beverage sector will be a regional
outperformer over the next five years, driven by an
improving labor market, real wage growth and low
levels of inflation. The VAT cut on food products from
THE EQUIPMENT
DEMAND FOR THE
AUTOMOTIVE
INDUSTRY IS
AUGMENTED THIS
YEAR BY OTHER
HEAVY
INDUSTRIES, LIKE
SHIPYARDS.
2.
3.
11/2/15 1:38 PM
76
MCR MACHINERY
June 2015 provided an additional boost to the sector,

with further investment to come as the sector
consolidates.
As for the automotive industry, we have forecasted a
14.9% increase in vehicle sales in 2015 on the back of
a recovery in the passenger car and commercial vehicle
segments. Growing consumer sentiment started
translating into an uptick in big-ticket purchases, such
as new autos, following a period of reticence from
consumers (when reduction of GDP determined
people to delay car purchases and weak access to credit
determined many businesses to reduce investment).
In 2016, we expect to see robust growth in the auto
market, as improvements in private consumption
translate into improved auto sales.
When it comes to the oil & gas industry, field
redevelopments will pop up oil and gas production in
2016, with longer-term growth driven by Black Sea
projects. The downstream sector continues to
modernize but downsize in order to remain
competitive.
As an export market destination, do you think
that the eurozone is out of the financial
turbulences now? Please detail.
The main downside risk arises from the potential for
further reversals in the euro zone, especially if Greece
were to leave it, as Romania would be directly and
indirectly exposed. Anemic growth in the euro zone,
heightened risk of a sovereign debt crisis and/ or
continued deleveraging by EU banks (which own 82% of
banking assets in Romania, including 12% under Greek
ownership) would have a negative impact on business
and consumer confidence and on economic growth.
2015 was a year in which the unpredictable played a
major role, but the reality from the markets in which
we operate makes us agree with the European
4.
Commissioner Pierre Moscovici, who recently stated

that the economic growth in the eurozone will be 1.5%
for this year.
What have you learnt from the crisis and
what lessons learnt do you apply now? What
lessons were you not able to apply after the
crisis and why?
Romanias recovery from recession in 2009-10 was
modest, with real GDP growth having averaged 1.7%
per year in 2011-13, but growth came in at 2.8% in
2014 and has gained momentum in the first half of
2015. We forecast a pick-up in eurozone growth to
1.5% in 2015, which should allow Romanias economy
to continue to expand in the coming months.
Meanwhile, consumer and business confidence
indicators, together with recent high-frequency data,
point to a pronounced pick-up in domestic demand.
Romania recorded one of the fastest growth rates in
the EU, in both year-on-year and quarter-on-quarter
terms, in the first quarter of 2015.
If you were to describe the industry outlook
for 2016, which 5 keywords would you use?
Please detail.
Atlas Copco is a world leader in providing industrial
solutions that increase sustainable productivity, so
that the first keyword that defines us and our
operations on all 180 markets is sustainability.
Productivity is the second and comes together with
efficiency. Innovation is another keyword, which in
our opinion, should define the industrial perspectives
for 2016 and the last, but not least, responsibility in
all economic activities, not just in one industry or
another.
No matter the industry, these are the most important
benchmarks for a long-term business, without
negative social impact.
5.
6.
11/2/15 1:38 PM
77
WHOLESALE OF MACHINERY,
INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFTS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
SIEMENS SRL
3.6625
613,024,484
47,340,832
599
Bucuresti, Sector 6
IPSO SRL
3.6000
483,219,913
37,749,404
314
Mogosoaia, Ilfov
GOMAR LUX SA
21
2.4250
175,306,605
-157,094
37
Viisoara,
Bistrita-Nasaud
MEWI IMPORT EXPORT AGRAR

INDUSTRIETECHNIK SRL
3.1375
160,027,568
10,409,837
90
Ortisoara, Timis
GENERAL LEASING SA
2.8875
140,773,763
12,257,434
106
Bucuresti, Sector 1
GOMAR ELECTRIC SRL
13
2.6125
131,502,713
-3,610,551
40
Bistrita,
Bistrita-Nasaud
SCHLUMBERGER OILFIELD EUROPE

SUPORT SRL
2.7375
131,186,805
9,706,662
15
Bucuresti, Sector 1
8
9
10
11
12
DAAS IMPEX SRL
2.7625
111,438,979
2,615,223
174
Ploiesti, Prahova
ARISTON THERMO ROMANIA SRL
3.0750
109,126,731
2,948,517
83
Bucuresti, Sector 1
ANDREAS STIHL MOTOUNELTE SRL
2.8625
108,927,275
18,237,989
24
Otopeni, Ilfov
14
2.5750
100,076,690
-5,623,264
76
Bucuresti, Sector 1
N/A
N/A
91,214,090
2,496,796
269
Bucuresti, Sector 2
ABB SRL
PEERAJ BRANDS INTERNATIONAL SRL
ATLAS COPCO ROMANIA SRL

13
Bucuresti, Sector 1
www.atlascopco.com
www.atlascopco.ro
LIVIU CHELARU
Country Manager

MCR SCORING: 2.5125
PROFIT/ LOSS 2014 (RON): 3,765,084
14
15
16
17
18
19
20
WILO ROMANIA SRL
18
2.5125
86,564,559
13,019,612
54
Chiajna, Ilfov
FERROLI ROMANIA SRL
21
2.4250
82,489,315
2,918,356
47
Bucuresti, Sector 6
Bucuresti, Sector 1
2.7375
78,022,383
11,849,919
34
NHR AGROPARTNERS SRL
19
2.4500
77,201,737
2,946,537
183
Otopeni, Ilfov
VAILLANT GROUP ROMANIA SRL
24
2.3625
77,150,327
1,643,322
46
Bucuresti, Sector 1
INDUSTRIAL TRADING SRL
22
2.4250
75,566,547
26,395,698
10
Targu Mures, Mures
AGRITEHNICA SERVICE SRL
15
2.5500
73,639,725
3,723,154
32
Valea Seaca, Bacau
21
MAP - MASINI AGRICOLE

PERFORMANTE SRL
23
2.3875
71,054,810
910,689
63
Cernica, Ilfov
22
23
GRUNDFOS POMPE ROMANIA SRL
33
1.9250
70,970,440
-2,109,685
39
Bucuresti, Sector 1
ITACO INTERNATIONAL SRL
32
2.0500
63,732,946
1,763,450
20
Bucuresti, Sector 3
24
CHORUS MARKETING
AND DISTRIBUTION SRL
26
2.2625
63,521,425
589,052
99
Galati, Galati
25
26
SANDVIK SRL
16
2.5500
60,417,615
1,318,702
30
Bucuresti, Sector 1
UZINSIDER TECHNO SA
25
2.3625
59,924,870
1,908,815
19
Bucuresti, Sector 3
103
Dragomiresti-Deal,
Ilfov
HUSQVARNA PADURE & GRADINA SRL
27
TITAN MACHINERY ROMANIA SRL
34
1.8875
59,015,220
-1,201,666
28
29
30
31
AGROCOMERT HOLDING SA
11
2.6375
57,643,121
5,334,464
74
Timisoara, Timis
SYSCOM - 18 SRL
27
2.2625
56,211,034
75,827
105
Bucuresti, Sector 6
NITECH SRL
28
2.2625
53,519,479
4,780,041
70
Bucuresti, Sector 1
FLUID GROUP HAGEN SRL
10
2.7000
53,311,363
7,272,082
175
Carei, Satu Mare
077-079 tabele machinery.indd 77
10/28/15 5:14 PM
78
MCR MACHINERY
WHOLESALE OF MACHINERY,
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
32
TOYOTA MATERIAL HANDLING

ROMANIA SRL
30
2.2000
50,951,384
3,230,382
83
Bucuresti, Sector 4
33
34
35
WYLZE LOGISTIK SRL
31
2.2000
50,682,785
5,226,528
71
Ploiesti, Prahova
MAKITA ROMANIA SRL
29
2.2375
49,704,714
4,288,306
33
Afumati, Ilfov
IRCAT-CO SRL
12
2.6375
49,545,933
6,781,325
54
Ciorogarla, Ilfov
Bucuresti, Sector 1
www.kaeser.com
info.romania@kaeser.com
Radu Garbea
Managing Director
RANKING BY MCR SCORING: N/A
KAESER KOMPRESSOREN SRL
MCR SCORING: N/A

PROFIT/ LOSS 2014 (RON): 7,312,606
MANUFACTURE OF MACHINERY,
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
DAEWOO MANGALIA-HEAVY INDUSTRIES SA
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Mangalia, Constanta
14
3.0000
914,020,085 -706,069,648
2,574
ASTRA RAIL INDUSTRIES SRL
3.7500
591,242,764
57,012,149
2,528
Arad, Arad
STX RO OFFSHORE TULCEA SA
10
3.1875
580,813,583
-21,972,129
3,525
Tulcea, Tulcea
ALSTOM TRANSPORT SA
3.6000
530,689,113
13,389,057
499
Bucuresti, Sector 4
SANTIERUL NAVAL DAMEN GALATI SA
3.4375
500,799,209
38,974,720
2,333
Galati, Galati
BOSCH REXROTH SRL
15
3.0000
416,752,719
3,081,554
1,105
Blaj, Alba
TIMKEN ROMANIA SA
3.4750
369,976,626
79,061,088
873
Ploiesti, Prahova
1,918
Braila, Braila
STX OSV BRAILA SA
11
3.1250
319,241,295
9,723,038
KOYO ROMANIA SA
3.4375
293,535,012
29,212,988
ASTRA VAGOANE CALATORI SA
3.3500
290,401,364
50,282,949
769
Arad, Arad
STABILUS ROMANIA SRL
3.4750
287,625,397
35,764,170
620
Sanpetru, Brasov
12
ROMBAT SA
3.2250
285,774,995
11,054,740
702
Bistrita,
Bistrita-Nasaud
13
14
15
16
17
18
19
20
21
AEROSTAR SA
1,419 Alexandria, Teleorman
3.4750
261,051,271
25,000,841
1,600
Bacau, Bacau
EUROSPORT DHS SA
18
2.9125
205,904,873
4,886,961
299
Deva, Hunedoara
PREMIUM AEROTEC SRL
21
2.8500
203,166,068
49,631,490
581
Ghimbav, Brasov
MECHROM INDUSTRY SRL
12
3.1000
197,897,888
5,639,694
435
Argeselu, Arges
RULMENTI SA
28
2.6875
180,313,098
-36,661,762
1,634
Barlad, Vaslui
MADIROM PROD SRL
31
2.6125
172,615,312
1,432,361
26
Timisoara, Timis
MASCHIO-GASPARDO ROMANIA SRL
32
2.5750
143,871,904
5,743,586
238
Chisineu-Cris, Arad
IG WATTEEUW ROMANIA SRL
19
2.9125
130,062,864
13,278,182
429
Iasi, Iasi
EUROCOPTER ROMANIA SA
20
2.8875
129,694,747
14,749,724
163
Ghimbav, Brasov
22
UNISON ENGINE COMPONENTS BUCHAREST SA
23
2.7625
126,583,969
28,592,356
119
Bucuresti, Sector 6
23
VOESTALPINE VAE APCAROM SA
27
2.7000
123,325,119
14,052,442
242
Buzau, Buzau
A LEADING INNOVATOR
IN AIR SYSTEM TECHNOLOGY
www.kaeser.com
10/28/15 5:14 PM
KAESER KOMPRESSOREN
A leading innovator in air system technology
KAESER KOMPRESSOREN is one of the largest and most successful

suppliers of air systems, with over 5000 employees worldwide. Our primary
goal is providing exceptional customer service coupled with innovative
products and progressive system solutions.
KAESER KOMPRESSOREN S.R.L.

179 Ion Mihalache Ave.
011181 Bucharest, District 1
Sales: +40 21 224 5681
Service: +40 21 224 5688
Fax: +40 21 224 5602
E-mail: info.romania@kaeser.com
079 macheta kaeser.indd 79
10/27/15 4:55 PM
80
MCR MACHINERY
MANUFACTURE OF MACHINERY,
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
24
GENERAL TURBO SA
35
2.5375
121,371,208
-4,084,950
746
Bucuresti, Sector 4
25
DPR DRAXLMAIER PROCESE DE

PRODUCTIE ROMANIA SRL
16
2.9750
116,300,230
7,360,205
739
Timisoara, Timis
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
SANTIERUL NAVAL CONSTANTA SA
41
2.4750
113,452,560
8,846,104
862
NEPTUN SA
25
2.7125
112,247,770
631,972
322
Campina, Prahova
SOFTRONIC SRL
30
2.6375
110,958,102
3,580,903
189
Craiova, Dolj
HEURTEY PETROCHEM MANUFACTURING SA
17
2.9750
107,866,366
13,659,805
288
Buzau, Buzau
IAR SA
13
3.0750
101,683,693
8,136,170
315
Ghimbav, Brasov
GUHRING SRL
39
2.5125
92,186,462
21,705,176
197
Sibiu, Sibiu
NTN-SNR RULMENTI SRL
53
2.1000
90,445,038
-371,618
569
Sibiu, Sibiu
TEXTILE MEDICALE SRL
42
2.4750
88,047,048
6,876,143
469
Arad, Arad
ROMAERO SA
56
2.0250
80,223,497
-45,029,984
889
Bucuresti, Sector 1
POPECI UTILAJ GREU SA
54
2.1000
79,759,528
1,216,662
727
Craiova, Dolj
RIG SERVICE SA
36
2.5375
78,183,089
14,003,225
445
ROTEC SA BUZAU
47
2.3500
76,017,753
1,079,177
396
Buzau, Buzau
IRUM SA
43
2.4750
75,075,099
14,523,613
367
Reghin, Mures
I.A.M.U. SA
26
2.7125
73,570,214
5,531,513
696
Blaj, Alba
TOTALGAZ INDUSTRIE SRL
52
2.1625
69,479,245
3,428,901
299
Iasi, Iasi
EMSIL TECHTRANS SRL
50
2.2625
67,945,767
7,429,458
156
Oradea, Bihor
46
2.4125
67,551,627
6,671,187
300
Iasi, Iasi
N/A
N/A
65,814,632
23,660,249
103
Bucuresti, Sector 6
SHIPYARD ATG GIURGIU SRL
29
2.6625
65,269,207
15,924,050
397
Giurgiu, Giurgiu
MPO PRODIVERS REZISTENT SRL
40
2.5125
64,479,467
4,120,069
214
Piscani, Arges
SARMISMOB SA
37
2.5375
63,857,815
16,789,721
279
Deva, Hunedoara
TEHNOPLUS MEDICAL SRL
33
2.5750
63,233,110
16,783,750
106
Bucuresti, Sector 3
GRIRO SA
49
2.2875
60,935,183
2,247,896
463
Bucuresti, Sector 1
VARD ELECTRO TULCEA SRL
38
2.5375
60,386,340
5,545,540
267
Tulcea, Tulcea
AMADEUS SRL
34
2.5750
56,176,243
1,809,308
246
Soimus, Hunedoara
51
DAEWOO MANGALIA HUMAN RESOURCES

MANAGEMENT SRL
22
2.8125
55,238,513
2,224,530
1,047
Mangalia, Constanta
52
53
54
55
56
TURBOMECANICA SA
51
2.2000
53,675,358
-7,821,365
318
Bucuresti, Sector 6
ELECTROPRECIZIA SA
48
2.3500
52,095,976
2,128,066
31
Sacele, Brasov
ORTOPROFIL PROD ROMANIA SRL
24
2.7625
51,991,582
15,020,082
209
Targu Mures, Mures
CARANDA BATERII SRL
45
2.4500
51,810,762
5,332,538
68
Bucuresti, Sector 1
TITAN MASINI GRELE SA
44
2.4750
51,589,415
2,302,348
445
Bucuresti, Sector 3
N/A
N/A
51,067,118 138,057,583
306
Brasov, Brasov
55
2.0750
75
Iasi, Iasi
OMCO ROMANIA SRL

TECNOSERVICE BUCURESTI SA
57

BUCURESTI FILIALA SOCIETATEA
COMERCIALA CARFIL SA
58
IASISTING SRL
50,023,045
632,482
10/27/15 5:01 PM
ELECTRIC
& ELECTRONIC
EQUIPMENT
TRADE OF ELECTRIC AND ELECTRONIC EQUIPMENT
MANUFACTURE OF DOMESTIC APPLIANCES
MANUFACTURE OF ELECTRIC AND ELECTRONIC EQUIPMENT
081 garda E & E Equipment.indd 81
10/26/15 10:28 PM
82
MCR ELECTRIC & ELECTRONIC EQUIPMENT
TRADE OF ELECTRIC AND ELECTRONIC EQUIPMENT

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
71,650,888
138
Bucuresti, Sector 1
Bucuresti, Sector 1
1
2
3
4
5
6
SAMSUNG ELECTRONICS ROMANIA SRL
4.1375 2,771,599,484
ALTEX ROMANIA SRL
4.0000 1,485,542,521
5,339,914
2,061
GERSIM IMPEX SRL
3.4875
788,200,397
24,744,359
14
Bucuresti, Sector 1
HUAWEI TECHNOLOGIES SRL
4.0375
698,560,849
87,582,556
959
Bucuresti, Sector 1
FLANCO RETAIL SA
3.5000
663,468,566
2,753,567
1,035
Voluntari, Ilfov
DOMO RETAIL SA
3.2500
612,510,006
-72,710,088
1,025
Bucuresti, Sector 2
ERICSSON TELECOMMUNICATIONS
ROMANIA SRL
4.0000
568,922,025
11,198,714
2,293
Bucuresti, Sector 1
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
LG ELECTRONICS ROMANIA SRL
3.4250
364,943,748
5,505,067
48
Bucuresti, Sector 1
INOAN PRESS SRL
N/A
N/A
293,893,712
2,583,521
N/A
Bucuresti, Sector 1
VISUAL FAN SRL
N/A
N/A
276,136,048
33,428,985
148
Brasov, Brasov
13
2.8250
234,674,591
3,639,745
228
Bucuresti, Sector 2
3.0750
196,778,501
6,547,842
WORLD COMM SRL
12
2.8625
191,848,342
8,623,290
24
MOBILE DISTRIBUTION SRL
19
2.7000
175,195,843
159,238
121
Cluj-Napoca, Cluj
PAYPOINT SERVICES SRL
17
2.7625
167,504,765
12,215,209
128
Bucuresti, Sector 1
MARELVI IMPEX SRL
14
2.8250
167,176,010
3,330,540
93
Radauti, Suceava
ELBI ELECTRIC & LIGHTING SRL
11
2.9500
166,881,258
12,537,434
142
Bragadiru, Ilfov
BANESTO SRL
18
2.7375
153,055,033
671,576
39
Piatra Neamt, Neamt
VISION DIGITECH SRL
10
2.9750
141,164,515
389,479
362
Santion, Bihor
Bucuresti, Sector 1
SCHNEIDER ELECTRIC ROMANIA SRL

ELECTRO DISTRIBUTION SRL

Bucuresti, Sector 6
22
2.4125
139,453,396
-14,103,129
391
N/A
N/A
133,543,010
-304,581
N/A
Oradea, Bihor
TAIRA YAMAMOTO TRADING SA
21
2.4875
117,889,344
15,013,081
Bucuresti, Sector 1
EATON ELECTRIC SA
15
2.8250
113,720,960
5,668,974
70
Bucuresti, Sector 1
AVITECH CO. SRL
20
2.5125
104,384,548
509,113
151
Voluntari, Ilfov
CONSOLIGHT COM SRL
16
2.8250
100,498,483
2,435,575
131
Bucuresti, Sector 2
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
GENCO TRADE SRL

EZOFORTE SRL
MANUFACTURE OF DOMESTIC APPLIANCES

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
ARCTIC SA
4.3750 1,516,580,185 134,743,414
SOGECO ROMANIA SRL
3.4125
ELECTROLUX ROMANIA SA
FRIGOGLASS ROMANIA SRL
ZOPPAS INDUSTRIES ROMANIA SRL
6
7
8
9
10
11
12
13
14
15
2,463
Gaesti, Dambovita
501,194,892
19,974,654
978
Orastie, Hunedoara
3.0375
422,574,065
-14,066,716
777
Bucuresti, Sector 1
3.0375
405,817,237
8,022,444
747
Parta, Timis
349,834,392
12,761,981
3,025
Sannicolau Mare,
Timis
2.9750
321,718,151
14,875,230
572
Juc-Herghelie, Cluj
3.0125
155,212,484
9,887,353
479 Curtea De Arges, Arges
2.3250
59,645,715
3,996,541
3.5000
DE'LONGHI ROMANIA SRL
ELECTROARGES SA
6
10
DANFOSS DISTRICT HEATING SRL

SONDEX PRODUCTION SRL
N/A
N/A
53,196,969
4,769,009
115
Tasnad, Satu Mare
RUCK VENTILATOARE SRL
11
2.3250
48,429,666
2,909,233
146
Tarnaveni, Mures
TECNOWIND EAST EUROPE SRL
13
1.8875
46,264,920
-3,772,183
145
Arad, Arad
MAXIGEL SRL
12
2.3250
38,156,911
1,776,930
125
Ploiesti, Prahova
N/A
N/A
36,332,181
1,444,286
170
Pecica, Arad
METALICA SA
2.4375
27,335,772
434,400
174
Oradea, Bihor
TEHNOTON SA
2.5000
25,911,825
1,548,517
138
Iasi, Iasi
HT EST DIVISION SRL
082-083 tabele electric & elctronic.indd 82
10/26/15 10:32 PM
83
MANUFACTURE OF ELECTRIC
AND ELECTRONIC EQUIPMENT
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
3
4
5
6
7
8
9
COFICAB EASTERN EUROPE SRL
4.2875 1,318,153,918
60,387,909
434
Arad, Arad
EATON ELECTRO PRODUCTIE SRL
3.8125
988,420,892
29,106,351
2,009
Sirbi, Maramures
ROMCAB SA
3.6500
661,725,064
30,042,319
418
Targu Mures, Mures
PRYSMIAN CABLURI SI SISTEME SA
3.5375
539,142,920
19,243,407
270
Slatina, Olt
10
3.3500
525,130,750
-10,148,835
513
Bucuresti, Sector 3
ZES ZOLLNER ELECTRONIC SRL
3.5000
460,776,733
51,435,188
1,028
Satu Mare, Satu Mare
ELECTROMAGNETICA SA
3.5750
429,586,088
9,026,845
626
Bucuresti, Sector 5
STEINEL ELECTRONIC SRL
3.6625
427,765,626
22,692,754
FLEXTRONICS ROMANIA SRL
3.4375
311,788,936
13,832,236
3,177
Timisoara, Timis
10
CUMMINS GENERATOR TECHNOLOGIES

ROMANIA SA
17
3.0375
286,346,583
4,567,562
739
Craiova, Dolj
11
AEM SA
3.5000
277,669,165
36,642,975
1,294
Timisoara, Timis
ICME ECAB SA
N/A
N/A
256,338,115
1,530,756
174
Aricestii Rahtivani,
Prahova
HONEYWELL LIFE SAFETY ROMANIA SRL
23
2.7875
217,050,846
7,569,860
667
Lugoj, Timis
KUHNKE PRODUCTION ROMANIA SRL
12
3.2250
209,528,667
7,855,109
538
Sibiu, Sibiu
SYSTRONICS SRL
13
3.1000
200,372,702
10,832,613
522
Arad, Arad
ELBA SA
27
2.6875
189,661,969
12,626,024
1,030
Timisoara, Timis
DUCATI ENERGIA ROMANIA SA
19
2.9125
173,581,152
5,610,320
365
Busteni, Prahova
COOPER INDUSTRIES ROMANIA SRL
20
2.8250
171,209,838
6,505,353
201
Arad, Arad
ELSACO ELECTRONIC SRL
26
2.7250
169,595,329
2,853,501
363
Botosani, Botosani
HARTING ROMANIA MANUFACTURING SCS
11
3.3500
164,311,368
13,287,245
520
Sibiu, Sibiu
SIMEA SIBIU SRL
14
3.1000
156,117,424
4,336,692
863
Sibiu, Sibiu
MIELE TEHNICA SRL
21
2.8250
154,337,678
10,864,089
134
Feldioara, Brasov
ISOVOLTA SA
33
2.4750
149,650,086
-5,176,544
493
Bucuresti, Sector 3
ASKOLL ROMANIA SRL
15
3.1000
147,402,752
13,712,880
400
Argeselu, Arges
PLEXUS SERVICES RO SRL
34
2.2250
145,476,249
-24,946,271
385
Oradea, Bihor
ELECTRO-ALFA INTERNATIONAL SRL
25
2.7625
139,660,948
9,958,576
240
Botosani, Botosani
CONNECTRONICS ROMANIA SRL
30
2.6000
135,843,165
-2,841,656
878
Oradea, Bihor
ELECTROPUTERE SA
32
2.5125
132,652,240
-35,978,081
729
Craiova, Dolj
HANNA INSTRUMENTS SRL
18
2.9875
124,880,008
25,865,309
13
Nusfalau, Salaj
Tautii-Magheraus,
Maramures
12
COFICAB PLOIESTI SRL
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
WEIDMULLER INTERFACE ROMANIA SRL
24
2.7875
116,392,881
3,633,321
535
31
32
33
34
EXIMPROD GRUP SRL
22
2.8250
112,321,672
35,121,457
217
Buzau, Buzau
CABLETEAM SRL
31
2.5375
112,181,417
1,127,545
311
Sighisoara, Mures
EVEREL ROMANIA SRL
28
2.6625
109,489,486
120,215
399
Lipova, Arad
ODU ROMANIA MANUFACTURING SRL
16
3.0750
107,327,900
3,599,172
240
Sibiu, Sibiu
35
SOCIETATEA COMERCIALA PENTRU

SERVICII DE MENTENANTA A RETELEI
ELECTRICE DE TRANSPORT 'SMART' SA
29
2.6625
103,791,784
808,372
875
Bucuresti, Sector 1
36
RETRASIB SA
35
2.0500
29,749,906
-5,979,588
105
Sibiu, Sibiu
082-083 tabele electric & elctronic.indd 83
10/26/15 10:32 PM
084 R Ines.indd 84
10/26/15 10:33 PM
IT&C
COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES
MANUFACTURE AND SALE OF COMPUTERS AND PERIPHERAL EQUIPMENT
MANUFACTURE AND SALE OF COMMUNICATION EQUIPMENT
TELECOMMUNICATIONS
085 garda IT&C.indd 85
10/26/15 10:35 PM
86
MCR IT & C
086-089 opinie SAS.indd 86
11/2/15 1:39 PM
87
INTERVIEW
SELF-SERVICE DATA
VISUALIZATION AND
EXPLORATION, A
GROWING TREND
Daniel Pana, Country Manager, SAS Analytical Solutions
1.
The economic crisis determined the private

companies and even the public sector to
significantly adjust and to look for
efficiency solutions. How have the IT&C sector in
general and SAS Romania in particular, contributed
to the efficiency increase?
As ANALYTICS is in our DNA, efficiency topics are
natural to SAS and we have always been preoccupied
with developing software that helps our clients manage
their problems.
The utilities industry is investing
heavily in large-scale smart meter
implementation projects, creating a new
flood of data that must be harnessed,
converted into information and used to
build more efficient operations. The
deluge of data will offer utility forecasters
many new opportunities to optimize
resource allocations, predict future
growth and deepen insight for the utility
planning process. The ability to predict
the volume, magnitude and location of
demand along with improved revenue
projections will bring significant
financial rewards to companies that
successfully glean predictive insight from
their data.
Our competence has helped our
customers both in the commercial area and in
manufacturing quality.
In the commercial area, we offer Demand Forecasting,
which helps harness the power of the data coming from
investments in AMI and Smart Grid to improve
forecasting. Moreover, it enables the user to sense
demand signals, shape and predict demand more

accurately. To this purpose, we provide solutions for
Finance and Operations, Asset and Operations
Optimization, Marketing, as well as Energy Trade and
Risk Management.
A second very important area for us is Manufacturing
Quality. Quality has many definitions, but the most
important one is not conformance to specifications,
the extent to which a product provides superior
service, or the features included in the product. When
it is time to make a purchase decision,
the customers perceptions trump all of
those definitions. In an environment
where product recalls, government
intervention, and lawsuits are front page
news, customers are starting to question
brands that seemed to have been beyond
reproach. We are enhancing our
partners ability to monitor, measure,
and manage those perceptions that have
significant impact on the ability to
detect field issues, differentiate products,
and increase profitability. In this respect,
the solutions we offer are: CustomerDriven Quality, After-Market Service
and Service Revenue Optimization.
Is the Romanian public
administration aware of the
need for IT&C solutions in
order to increase the efficiency of long-term
expenditures, as well as of short-term results? What
are the indicators/ tendencies for this? Please detail.
Yes, the Romanian public administration is aware of
their need for IT&C solutions. The majority of
EXECUTIVES WILL
GAIN ADVANTAGE
BY MOVING
BEYOND SIMPLY
KNOWING WHAT
HAPPENED TO
PREEMPTIVELY
UNDERSTANDING
THE FORCES
ACTING ON THEIR
BUSINESS.
2.
11/2/15 1:39 PM
88
MCR IT & C
Romanian customers use traditional Business

Intelligence (BI) tools that are extremely good at tracking
raw transactional numbers like sales or collection figures.
What they fail to adequately address are the root causes,
or drivers, of trends in those numbers. Moreover, they are
typically able to tell what happened but not explain
why (unless it is evident in some other numeric data), let
alone alert the business as a change emerges. Executives
will gain advantage by moving beyond simply knowing
what happened to preemptively understanding the
forces acting on their business, and further real time
decision will play a bigger and bigger role.
Answering questions like What is causing a delay of
payment from our largest customer? Why are sales/
collection in the southwest region down? How is user
sentiment impacting our newest product? with the
average BI tool is challenging: at best, it takes a great deal
of time to gain even one additional level of insight. The
cost of these investigations is often high.
Large numbers of IT staff must collaborate
to extract, transform and load the data
into a warehouse, update data dictionaries
and then reconfigure the layers of OLAP,
summarization, reporting and dash
boarding.
To provide greater value, information
access tools must evolve in two ways. They
must enable users to answer deeper,
sometimes fuzzier questions about the
enterprise. Then they must make it
possible for general business users to easily
obtain information.
Deeper questions require more thought than usual. In
the enterprise, more thought translates to more content.
So the first challenge is to gain access to more information
including unstructured content like emails, documents
and PDFs breaking down digital silos throughout the
enterprise and integrating the content together. The
downside is that this is a challenging activity because
mapping unstructured data into structured storage can
be exhausting. A combination of entity extraction,
automated sentiment analysis and social network
analysis might just turn up the problem account, internal
resource or impossible customer requirement. The
structured data leads the way, identifying the
transactional problem, complemented by the
unstructured data, which fills in the underlying cause.
How has the business intelligence
perception evolved in 2015? What are the
expectations for 2016?
Business intelligence has evolved into self-service
data visualization and exploration. Business users

demand more flexible and powerful access to the data
that is available in the organization without having to
rely on IT for finding answers for their questions. IT is
transforming more into an enabler for agile self-service
data analysis rather than a provider of answers.
Gartner now talks about the emergence of citizen
data scientists, users who require self-service data
access and flexibility in ways to visualize and explore
the data in order to answer business questions. They
also predict for the near future a significant growth of
that type of user in organizations, actually, they predict
that the number of citizen data scientists in organization
will grow 5 times as fast as the number of data scientists.
In the future, this new generation of citizen data
scientists will demand self-service integrated data
exploration and discovery environment that allows
them to easily apply the right technology to find answers
to business questions quickly and with
high confidence. We also expect that this
new generation will demand more
powerful analytical tools to be able to drill
deeper into large volumes of data in order
to answer more complex questions. The
reliance on highly specialized data
scientists will become a bottle neck if
organizations do not invest in strategies
that allow them to expand their analytical
talent pool and empower the citizen data
scientist.
From your point of view,
which industry has registered
the fastest growth in 2015 by
using efficient IT&C solutions? Were you surprised
by any of the industries? Please detail.
Financial services is always a leader in the application
of new technologies. Many financial services
organizations are looking into the potential of utilizing
data they can collect for addressing many different
business problems. For example, reducing costs though
more accurate fraud detection solutions based on
utilizing new data sources. Related here is the topic of
cybersecurity to reduce exposure to cyber-attacks and
stop fraud before it occurs. Cybersecurity is also
becoming a hot topic for many other industries,
especially government, communication, and retail.
Financial institutions are also leaders in leveraging
data from online and mobile customer applications for
internal and external value creation. Internal value
creating might provide more context for relevant
personal marketing to customers on their mobile
BUSINESS USERS
DEMAND MORE
FLEXIBLE ACCESS
TO THE DATA
AVAILABLE IN THE
ORGANIZATION
WITHOUT HAVING
TO RELY ON IT.
3.
4.
11/2/15 1:39 PM
89
devices when they use the online banking application.

External value might provide customer behavior data to
merchants and partners to help to improve their
marketing.
In many organizations, we have seen large interest in
the potential of the internet of things. Insurance
companies are looking into more usage-based premium
pricing for car and health insurance based on data
analysis of telematics devices and wearables. Insurers
will gain better consumer insight, improve CRM,
generate more accurate pricing and have a more
predictable risk base. Energy and transportation,
manufacturing companies are looking to leverage the
new opportunities for more efficient network capacity
management, predictive maintenance and operational
process improvements.
We were not really surprised by any of the industries.
BIG data is the new BIG oil. How does SAS
help monetize this new fact?
SAS provides solutions to many organizations
in different industries that want to monetize big data.
This applies to organizations utilizing their own data in
combination with new external data, such as textual
data from social media platforms (Twitter, Facebook,
LinkedIn), website logs and geo-spatial data from
mobile devices for better customer services and more
targeted product offers. Other organizations are looking
into providing value-added services based on the data
they collect, such as call center organizations, collection
5.
agencies, public internet providers.

For example, ZAPFi helps organizations by providing
sophisticated personalized marketing through its free
Wi-Fi hot spots, called ZapFi Zones.
An energy company uses SAS to monitor real-time
data from their remote devices to constantly apply
analytical models which can automatically identify
anomalous episodes in the data that might lead to
failures and expensive downtimes.
Do the customers fully acknowledge the
real needs and the real instruments for
growth? How do you see this perception in
terms of the customers budgets?
SAS prospects are always looking to get more value
out of their data repositories. With Big Data, these
repositories are growing beyond anything we have seen
before because of new data storage and management
technologies, such as Hadoop. Even though there is a
new scale of the economy for storing data with this new
technology (there are statistics that claim that storing
data in Hadoop is by an order cheaper than storing data
in traditional database systems), the real value lies in the
insights that can be gained from these data repositories.
More and more organizations are starting to realize this
and are investing in big data analytics. However, they
also realize that technology alone is not the answer,
they need to identify the business case and implement
the organizational structure to become a data-driven
organization.
6.
11/2/15 1:39 PM
90
MCR IT&C
COMPUTER PROGRAMMING,
CONSULTANCY AND RELATED ACTIVITIES
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
ORACLE ROMANIA SRL
4.0000
703,401,988
16,244,742
2,470
Bucuresti, Sector 1
IBM ROMANIA SRL
4.1250
645,559,195
64,736,349
1,817
Bucuresti, Sector 1
UTI SYSTEMS SA
15
3.0000
380,258,888
-15,409,941
1,434
Bucuresti, Sector 2
TEAMNET INTERNATIONAL SA
24
2.8875
338,077,465
15,249,672
207
Bucuresti, Sector 6
SIVECO ROMANIA SA
18
2.9125
257,824,334
-23,925,188
695
Bucuresti, Sector 1
3.2250
251,516,730
21,532,202
595
Bucuresti, Sector 2
N/A
N/A
246,923,443
1,701,278
362
Bucuresti, Sector 6
BITDEFENDER SRL
XOR-IT SYSTEMS SRL
MICROSOFT ROMANIA SRL
Bucuresti, Sector 1
www.microsoft.com/romania
KOSTAS LOUKAS
CEO
MCR SCORING: 3.2875

PROFIT/ LOSS 2014 (RON): 26,499,117
9
10
11
12
13
14
15
16
17
18
TEAMNET BUSINESS SERVICES SRL
46
2.5500
187,076,085
332,421
50
Bucuresti, Sector 5
SAP ROMANIA SRL
14
3.0375
173,942,657
41,267,015
308
Bucuresti, Sector 1
ROMSYS SRL
13
3.0750
171,087,810
8,080,402
183
Bucuresti, Sector 1
SOFTWARE SCOPE SRL
17
2.9250
171,013,036
88,441
Ploiesti, Prahova
ENDAVA ROMANIA SRL
3.4375
165,568,878
36,299,301
1,142
Bucuresti, Sector 6
3.2250
164,913,278
39,287,889
894
Bucuresti, Sector 1
S & T ROMANIA SRL
39
2.6375
158,729,809
3,025,503
109
Bucuresti, Sector 1
BION ADVANCED SUPPORT TEAM SRL
25
2.8625
157,170,341
10,840,754
22
Bucuresti, Sector 6
INSOFT DEVELOPMENT & CONSULTING SRL
42
2.5750
144,668,134
1,942,084
131
Bucuresti, Sector 6
LUXOFT PROFESSIONAL ROMANIA SRL
10
3.1625
142,952,005
20,986,050
932
Bucuresti, Sector 1
19
COMPUTER GENERATED SOLUTIONS

ROMANIA SRL
12
3.1250
138,062,382
33,533,271
2,007
Brasov, Brasov
20
21
22
23
24
25
26
27
UBISOFT SRL
3.3750
135,737,299
6,445,562
1,315
Bucuresti, Sector 1
INTRAROM SA
56
2.2250
121,775,044
-15,195,229
392
Bucuresti, Sector 2
METRO SYSTEMS ROMANIA SRL
19
2.9125
119,132,562
6,532,761
710
Voluntari, Ilfov
ASESOFT INTERNATIONAL SA
54
2.2625
113,735,914
-1,827,008
83
Ploiesti, Prahova
ETA-2U SRL
29
2.8250
111,868,684
3,222,950
240
Timisoara, Timis
ELECTRONIC ARTS ROMANIA SRL
ATOS IT SOLUTIONS AND SERVICES SRL
26
2.8500
110,456,247
8,181,945
434
Bucuresti, Sector 6
STEFANINI ROMANIA SRL
3.3500
103,786,883
5,241,590
899
Bucuresti, Sector 2
COMDATA SERVICE SRL
3.3125
103,379,135
31,426,662
1,905
Craiova, Dolj
28
TOTALSOFT SA
Voluntari, Ilfov
www.totalsoft.ro
LIVIU DAN DRAGAN
General Manager
MCR SCORING: 2.8500

PROFIT/ LOSS 2014 (RON): 8,559,486
090-094 tabele it&C.indd 90
29
30
E.ON IT ROMANIA SRL
11
3.1375
100,201,757
5,907,015
67
Iasi, Iasi
EBS ROMANIA SRL
20
2.9125
97,728,905
15,560,313
386
Cluj-Napoca, Cluj
31
INFINEON TECHNOLOGIES ROMANIA & CO.

SCS
43
2.5750
96,262,867
3,769,558
246
Bucuresti, Sector 2
32
33
34
35
GAMELOFT ROMANIA SRL
32
2.7500
93,739,109
2,918,896
1,164
Bucuresti, Sector 1
IXIA SRL
33
2.7250
92,792,549
7,495,953
393
Bucuresti, Sector 1
INFOTREAT SRL
37
2.6750
92,688,425
1,434,488
Bucuresti, Sector 5
KAPSCH SRL
49
2.3875
86,942,993
789,859
52
Bucuresti, Sector 1
10/27/15 5:33 PM
91
COMPUTER PROGRAMMING,
CONSULTANCY AND RELATED ACTIVITIES
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
36
37
38
39
40
41
42
43
44
45
46
XEROX BUSINESS SERVICES ROMANIA SRL
41
2.6250
86,183,585
5,271,982
1,510
Iasi, Iasi
IQUEST TECHNOLOGIES SRL
21
2.9125
84,192,311
7,099,600
370
Cluj-Napoca, Cluj
TEAMNET SOLUTIONS INTERNATIONAL SRL
48
2.4500
83,647,255
218,411
155
Bucuresti, Sector 6
WEBHELP ROMANIA SRL
47
2.5000
82,597,829
1,105,929
1,454
Bucuresti, Sector 1
NET BRINEL SA
40
2.6375
79,400,875
4,522,530
82
Cluj-Napoca, Cluj
ASESOFT TECHNOLOGIES SRL
55
2.2375
72,401,383
12,349,307
38
Ploiesti, Prahova
ARVATO SERVICES SRL
30
2.7875
72,017,205
6,124,578
779
Brasov, Brasov
EURONET SERVICES SRL
50
2.3625
71,519,225
6,259,229
34
Bucuresti, Sector 1
TSE DEVELOPMENT ROMANIA SRL
44
2.5750
70,781,617
6,452,927
242
Cluj-Napoca, Cluj
PENTALOG ROMANIA SRL
16
2.9750
69,190,108
8,080,227
334
Bucuresti, Sector 1
CRESCENDO INTERNATIONAL SRL
31
2.7625
65,099,458
7,990,967
74
Bucuresti, Sector 2
47
FREESCALE SEMICONDUCTOR ROMANIA

SRL
28
2.8500
62,680,410
3,631,836
283
Bucuresti, Sector 5
48
49
50
51
PRINTEC GROUP ROMANIA SRL
45
2.5750
62,097,610
5,818,001
165
Bucuresti, Sector 1
1&1 INTERNET DEVELOPMENT SRL
38
2.6625
61,884,460
9,692,600
274
Bucuresti, Sector 1
N/A
N/A
60,773,401
-12,008,946
398
Bucuresti, Sector 2
SYKES ENTERPRISES EASTERN EUROPE SRL
22
2.9125
60,393,123
11,410,033
708
Cluj-Napoca, Cluj
52
MISYS INTERNATIONAL FINANCIAL

SYSTEMS SRL
52
2.2875
59,303,896
-2,348,695
428
Bucuresti, Sector 6
53
54
55
56
57
58
INTEL SOFTWARE DEVELOPMENT SRL
36
2.7000
56,720,866
4,886,041
168
Bucuresti, Sector 2
EVOLINE SRL
34
2.7250
56,148,275
1,839,816
380
Cluj-Napoca, Cluj
CRYS COMPUTERS SRL
23
2.9125
55,901,637
6,649,315
251
Bucuresti, Sector 3
SUNSMART INTEGRARE IT SRL
51
2.3000
54,869,828
711,639
14
Ploiesti, Prahova
BOSCH COMMUNICATION CENTER SRL
35
2.7250
52,647,400
7,014,971
447
Timisoara, Timis
AROBS TRANSILVANIA SOFTWARE SRL
53
2.2875
51,878,337
2,272,242
319
Cluj-Napoca, Cluj
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 2
STAR STORAGE SRL
MANUFACTURE AND SALE OF COMPUTERS

AND PERIPHERAL EQUIPMENT
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
14
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
ASESOFT DISTRIBUTION SRL
3.5750
930,403,488
12,536,026
216
CELESTICA ( ROMANIA ) SRL
3.5000
924,199,424
-24,388,237
1,012
Bors, Bihor
VESTAS CEU ROMANIA SRL
3.7000
704,038,847
1,848,616
115
Bucuresti, Sector 1
BENCHMARK ELECTRONICS ROMANIA SRL
3.2875
257,826,324
20,797,287
681
Ghimbav, Brasov
HEWLETT - PACKARD ROMANIA SRL
3.2250
228,193,548
36,794,429
436
Bucuresti, Sector 2
ASBIS ROMANIA SRL
2.7375
219,313,647
901,314
43
Bucuresti, Sector 6
ELKOTECH ROMANIA SA
18
2.5750
183,626,997
-1,844,590
54
Bucuresti, Sector 1
SKIN MEDIA SRL
10
2.7000
180,266,088
887,362
85
Bucuresti, Sector 1
OMNILOGIC SRL
22
2.4500
173,366,793
-14,853,528
79
Otopeni, Ilfov
MB DISTRIBUTION SRL
11
2.7000
146,942,142
2,039,849
69
Bucuresti, Sector 2
DESPEC ROMANIA SRL
20
2.5125
144,549,937
-260,847
89
Bucuresti, Sector 6
3.1375
124,290,931
5,039,648
147
Bucuresti, Sector 1
RTC PROFFICE EXPERIENCE SA
26
2.3250
119,241,347
-1,101,411
147
Bucuresti, Sector 6
AGIS COMPUTER SRL
13
2.6750
112,220,267
4,429,445
31
Cluj-Napoca, Cluj
ASSECO SEE SRL
10/27/15 5:33 PM
92
MCR IT&C
MANUFACTURE AND SALE OF COMPUTERS

AND PERIPHERAL EQUIPMENT
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
15
16
17
LASTING SYSTEM SRL
3.0125
102,386,831
3,377,753
76
Timisoara, Timis
TONERFILL ROMANIA SRL
2.9125
96,090,267
11,071,044
600
Oltenita, Calarasi
21
2.4875
94,140,616
1,584,978
31
Bucuresti, Sector 1
18
XEROX ROMANIA ECHIPAMENTE

SI SERVICII SA
KONICA MINOLTA BUSINESS SOLUTIONS
ROMANIA SRL
24
2.3875
91,959,090
15,508,812
76
Bucuresti, Sector 2
27
2.3250
85,413,167
2,751,762
160
Bucuresti, Sector 1
19
IT SMART DISTRIBUTION SRL
20
21
22
23
24
25
26
DELL INTERNATIONAL SERVICES SRL
15
2.6625
72,913,989
1,941,382
370
Bucuresti, Sector 2
PRODUCTON SRL
16
2.6375
72,795,599
1,544,999
100
Bucuresti, Sector 5
FIT DISTRIBUTION SRL
30
2.2375
70,033,571
233,734
14
Giurgiu, Giurgiu
Q'NET INTERNATIONAL SRL
28
2.3250
68,948,036
1,746,554
85
Bucuresti, Sector 2
GEMINI SP SRL
29
2.3000
68,266,614
1,453,506
Bucuresti, Sector 1
GMN DISTRIBUTIE SRL
32
1.8625
67,930,345
-1,633,791
35
Bucuresti, Sector 1
GINO ELECTRONICS SRL
36
1.6750
64,445,206
-970,425
Dumbravita, Timis
27
LOGICOM INFORMATION TECHNOLOGY

DISTRIBUTION SRL
34
1.8000
58,021,773
-1,058,508
21
Mogosoaia, Ilfov
28
29
30
31
32
33
34
35
ROYAL COMPUTERS SRL
23
2.4500
56,772,344
2,223,903
53
Bucuresti, Sector 6
QUALITY BUSINESS SOLUTIONS SRL
14
2.6750
53,240,031
9,983,715
47
Bucuresti, Sector 1
SYSTEM PLUS SRL
17
2.6375
46,787,474
1,343,589
53
Bucuresti, Sector 1
N/A
N/A
46,027,614
2,145,434
348
Bucuresti, Sector 2
EXCLUSIVE DIGIT SERVICE SRL
25
2.3625
45,464,461
68,114
Bucuresti, Sector 5
AVNET TECHNOLOGY SOLUTIONS SRL
33
1.8625
45,169,099
-173,625
Voluntari, Ilfov
NEODIGITAL SRL
19
2.5500
44,505,565
762,745
21
Cluj-Napoca, Cluj
ROPECO BUCURESTI SRL
12
2.7000
43,897,941
4,355,212
89
Chiajna, Ilfov
36
FUJITSU TECHNOLOGY SOLUTIONS

GESMBH VIENA SUCURSALA BUCURESTI
31
2.0500
43,509,372
-220,240
10
Bucuresti, Sector 1
37
BB BRAVE TRADE SRL
35
1.7375
41,392,906
-87,534
Chisoda, Timis
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
ORANGE SERVICES SRL
MANUFACTURE AND SALE OF

COMMUNICATION EQUIPMENT
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
1
2
KATHREIN ROMANIA SRL
4.0625
705,920,223
56,633,286
2,071
Timisoara, Timis
ALCATEL - LUCENT ROMANIA SA
3.5625
361,588,947
25,318,082
1,265
Timisoara, Timis
SUNLIGHT ROMANIA FILIALA

BUCURESTI SRL
15
2.2625
213,248,572
-728,246
115
Bucuresti, Sector 1
4
5
6
7
8
9
10
11
GDS MANUFACTURING SERVICES SA
2.6625
144,214,694
388,835
350
Arad, Arad
12
2.5250
134,876,412
5,043,153
Bucuresti, Sector 6
LESSOR SRL
2.6125
106,210,634
537,670
Piatra Neamt, Neamt
HR FRANCHISING SRL
2.9750
80,152,341
12,158,157
515
Cluj-Napoca, Cluj
11
2.5750
71,217,270
2,098,147
53
Bucuresti, Sector 5
COSMOS MOBILE SRL
2.6750
69,411,999
2,329,025
11
Bucuresti, Sector 1
AVENIR TELECOM SA
18
1.9500
62,120,150
1,321,534
225
Bucuresti, Sector 1
2.7875
57,488,790
5,670,278
277
Craiova, Dolj
ARSIS TRADING SRL
ROMKATEL SRL
ILEX COM SRL
10/27/15 5:33 PM
93
MANUFACTURE AND SALE OF

COMMUNICATION EQUIPMENT
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 1
12
13
14
15
16
17
18
VOX CARRIER SRL
10
2.6125
54,962,815
1,159,511
33
ROBEST COM SRL
2.7000
46,598,435
1,610,993
246
Carcea, Dolj
DELTATEL SRL
17
2.1000
44,496,467
332,609
324
Timisoara, Timis
ECCO GROUP DEVELOPMENT SRL
14
2.3000
42,618,507
142,967
17
Bucuresti, Sector 2
M.C.S. COMMUNICATIONS SRL
16
2.1625
38,452,536
-3,785,230
255
Bucuresti, Sector 6
ROHDE & SCHWARZ TOPEX SA
2.6375
38,159,835
3,052,812
149
Bucuresti, Sector 1
ES ELEKTRO ROMANIA SRL
19
1.9250
31,584,833
739,336
17
Cluj-Napoca, Cluj
19
CENTRUL PENTRU SERVICII DE

RADIOCOMUNICATII SRL
13
2.3250
31,275,701
727,620
80
Bucuresti, Sector 1
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
TELECOMMUNICATIONS
RANKING
BY
COMPANY NAME
TURNOVER
1
2
RANKING
BY MCR
SCORING
ORANGE ROMANIA SA
3.8125 4,319,549,251 517,851,544
2,653
Bucuresti, Sector 1
VODAFONE ROMANIA SA
3.9375 3,150,012,291 223,103,028
2,729
Bucuresti, Sector 1
TELEKOM ROMANIA
COMMUNICATIONS SA
Bucuresti, Sector 1
www.telekom.ro
NIKOLAI BECKERS
CEO
MCR SCORING: N/A

ANNUAL TURNOVER 2014 (EUR): 609,100,000
PROFIT/ LOSS 2014 (EUR): N/A
RCS & RDS SA
TELEKOM ROMANIA MOBILE

TELECOMMUNICATIONS SA
3.0875 2,312,567,539
-71,049,503
10,063
Bucuresti, Sector 1
www.telekom.ro
NIKOLAI BECKERS
CEO
MCR SCORING: N/A

ANNUAL TURNOVER 2014 (EUR): 439,400,000
PROFIT/ LOSS 2014 (EUR): N/A
Bucuresti, Sector 5
UPC ROMANIA SRL
10
2.5625
491,962,407 -206,768,616
1,451
Bucuresti, Sector 1
SOCIETATEA NATIONALA DE
RADIOCOMUNICATII SA
2.8125
331,395,330
-1,749,593
1,412
Bucuresti, Sector 4
8
9
10
11
12
13
14
15
16
17
18
19
20
21
DIGITAL CABLE SYSTEMS SA
14
2.5000
176,933,219
-9,022,741
1,353
Bucuresti, Sector 2
2K TELECOM SRL
29
2.0750
118,278,128
-2,113,197
130
Voluntari, Ilfov
NEXTGEN COMMUNICATIONS SRL
28
2.1000
91,449,311
-14,105,144
553
Bucuresti, Sector 1
GTS TELECOM SRL
30
2.0125
79,137,887
-1,921,262
126
Bucuresti, Sector 5
FOCUS SAT ROMANIA SRL
32
1.9500
73,557,565
-20,178,201
83
Bucuresti, Sector 4
MIRA TELECOM SRL
22
2.2625
71,180,435
1,656,486
54
Bucuresti, Sector 2
NECC Telecom Romania SA
24
2.2375
66,972,551
136,894
Bucuresti, Sector 2
D & D COMPANY SRL
11
2.5500
65,799,453
434,815
Bucuresti, Sector 3
EAD TELECOM SRL
12
2.5500
64,398,296
1,065,740
19
Brasov, Brasov
COMBRIDGE SRL
20
2.3000
62,866,097
6,380,824
35
Bucuresti, Sector 1
RADCOM SRL
23
2.2625
61,237,745
2,061,585
164
Bucuresti, Sector 2
NET-CONNECT INTERNET SRL
21
2.3000
51,693,230
1,025,068
Bucuresti, Sector 3
DIRECT ONE SA
26
2.1750
48,033,352
9,922,430
46
Bucuresti, Sector 1
2.6125
45,501,559
5,908,381
37
Iasi, Iasi
RADIX COMMUNICATIONS SRL
10/27/15 5:33 PM
94
MCR IT&C
TELECOMMUNICATIONS
RANKING
BY
COMPANY NAME
TURNOVER
22
23
24
25
26
27
28
29
RANKING
BY MCR
SCORING
SOCIETATEA COMERCIALA PENTRU

SERVICII DE TELECOMUNICATII SI
TEHNOLOGIA INFORMATIEI IN RETELE
ELECTRICE DE TRANSPORT TELETRANS SA
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
15
2.4500
44,625,584
8,138,168
231
Bucuresti, Sector 3
2.7625
43,105,860
2,837,767
218
Bucuresti, Sector 2
MEDIA SAT SA
16
2.4500
42,639,543
207,739
76
Bucuresti, Sector 2
TELECOMUNICATII C.F.R. SA
36
1.7875
42,543,991
-4,972,443
971
Bucuresti, Sector 1
NETCITY TELECOM SA
33
1.9250
40,062,508
12,936,330
23
Bucuresti, Sector 2
EUROWEB ROMANIA SA
31
2.0125
39,053,886
-1,226,053
77
Bucuresti, Sector 3
PRIME TELECOM SRL
17
2.3875
37,112,917
1,112,002
145
Bucuresti, Sector 1
REGENERSIS(BUCHAREST) SRL
18
2.3875
36,672,077
2,130,669
171
Bucuresti, Sector 6
NOBEL ROMANIA SRL
30
INES GROUP SRL
Bucuresti, Sector 1
www.ines.ro
SILVIU SABAU
CEO
MCR SCORING: 2.5125

PROFIT/ LOSS 2014 (RON): 1,692,519
31
NET TEAM SRL
32
BT GLOBAL SERVICES LIMITED LONDRA

SUCURSALA BUCURESTI
33
34
35
36
37
38
GMB COMPUTERS SRL
2.6125
24,517,632
2,199,456
44
Bucuresti, Sector 1
35
1.8375
23,071,600
216,219
Bucuresti, Sector 4
2.7625
22,004,550
5,535,360
79
34
1.9250
20,570,639
364,170
44
Bucuresti, Sector 2
2.6625
19,442,649
2,332,746
308
Bucuresti, Sector 3
EQUANT ROMANIA SA
27
2.1125
15,604,422
413,172
Bucuresti, Sector 2
NOKIA SIEMENS NETWORKS ROMANIA SRL
25
2.2375
14,529,564
-684,191
27
Bucuresti, Sector 1
ORSAM TELECOM SRL
19
2.3625
12,619,355
913,833
Bucuresti, Sector 6
VOXILITY SRL
COMPETENCE CALL CENTER SRL
10/27/15 5:33 PM
095 R SAS.indd 95
10/26/15 10:50 PM
096 .indd 96
10/28/15 1:50 PM
INDUSTRIAL
ENGINEERING
097 garda Industrial Engineering.indd 97
10/26/15 10:53 PM
98
MCR INDUSTRIAL ENGINEERING
INDUSTRIAL ENGINEERING
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
SCHLUMBERGER LOGELCO INC. PANAMA

CIUDAD DE PANAMA SUCURSALA
BUCURESTI
3.7875
765,110,394
51,453,030
291
Bucuresti, Sector 1
2
3
4
RENAULT TECHNOLOGIE ROUMANIE SRL
3.5625
583,233,018
27,998,670
1,650
Voluntari, Ilfov
EMERSON SRL
3.5000
546,300,958
24,100,798
2,160
Cluj-Napoca, Cluj
ROMINSERV SRL
2.9750
340,459,583
2,187,159
649
Bucuresti, Sector 1
FOSTER WHEELER ITALIANA SRL CORSICO

SUCURSALA PLOIESTI ROMANIA
13
2.7125
208,125,131
11,280,121
Ploiesti, Prahova
IMSAT SA
15
2.6875
203,491,070
3,396,019
1,060
Bucuresti, Sector 6
GENERAL ELECTRIC INTERNATIONAL INC. WILMINGTON SUCURSALA ROMANIA
3.0125
183,198,705
21,929,262
105
Bucuresti, Sector 1
8
9
10
11
12
13
14
15
16
17
ADREM INVEST SRL
Bucuresti, Sector 1
20
2.5375
182,292,884
4,531,509
792
ALEWIJNSE MARINE GALATI SA
2.9125
171,861,255
2,715,888
476
Galati, Galati
COMAU ROMANIA SRL
2.9125
159,390,830
5,095,292
445
Oradea, Bihor
TIAB SA
18
2.6000
148,812,433
-2,858,043
646
Bucuresti, Sector 1
ROMELECTRO SA
19
2.5750
144,955,086
1,232,091
104
Bucuresti, Sector 2
3.1000
142,998,183
21,115,646
570
Brazii De Sus, Prahova
KRAFTANLAGEN ROMANIA SRL
10
2.9125
119,955,104
5,935,698
263
Ploiesti, Prahova
T.M.U.C.B. SA
12
2.7500
113,196,700 -121,968,951
1,186
Bucuresti, Sector 6
WEATHERFORD ATLAS GIP SA
27
2.2875
111,315,836
-22,500,250
266
Ploiesti, Prahova
KREMSMUELLER ROMANIA SRL
24
2.3250
110,794,322
-9,910,611
222
Ploiesti, Prahova
18
CONSTRUCTIONS INDUSTRIELLES DE LA
MEDITERRANEE - CNIM SA PARIS FRANTA, SUCURSALA BUCURESTI
29
2.2125
101,534,797
-386,081
N/A
Bucuresti, Sector 2
19
DUTCH MARINE TRADING DESIGN SA
21
2.4500
93,298,124
12,776,037
105
Galati, Galati
20
EMERSON PROCESS MANAGEMENT

ROMANIA SRL
14
2.7000
86,166,729
7,882,988
73
Bucuresti, Sector 2
21
VEOLIA WATER
SOLUTIONS &
TECHNOLOGIES
ROMANIA SRL
JCR - CHRISTOF CONSULTING SRL
22
23
24
25
26
ICEPRONAV ENGINEERING SRL
Bucuresti, Sector 2
www.vws.ro
JEAN-MICHELDJELOYAN
Country Manager
MCR SCORING: 2.2000

PROFIT/ LOSS 2014 (RON): -6,350,122
7
2.9750
78,306,776
10,473,580
392
Galati, Galati
MOLDOCOR SA
22
2.4125
77,399,618
3,056,673
418
Piatra Neamt, Neamt
SUTECH SRL
16
2.6750
74,299,364
19,413,356
14
Medias, Sibiu
ROMENERGO SA
32
1.9875
65,786,566
-5,038,546
48
Bucuresti, Sector 1
DEME MACARALE SRL
28
2.2625
53,544,016
3,822,332
165
Oradea, Bihor
27
INOCSA INGENIERIA, S.L. SPANIA FILIALA

ROMANIA SRL
34
1.7000
53,211,534
-1,257,614
157
Bucuresti, Sector 1
28
29
30
METROUL SA
25
2.3250
51,376,864
20,700,752
211
Bucuresti, Sector 5
EPTISA ROMANIA SRL
11
2.8250
50,751,038
15,203,531
145
Bucuresti, Sector 3
SNAMPROGETTI ROMANIA SRL
26
2.3250
49,490,923
8,565,122
239
Bucuresti, Sector 2
31
TRUSTUL PENTRU SERVICII CU UTILAJE

DIVERSE SA
23
2.4125
48,588,955
772,322
505
Targu Jiu, Gorj
32
MAX STREICHER ROMANIA SRL
35
1.6750
46,782,721
-11,090,643
41
Ploiesti, Prahova
33
ISAF-SOCIETATE DE SEMNALIZARI SI
AUTOMATIZARI FEROVIARE SA
33
1.9500
42,297,480
-1,066,077
245
Bucuresti, Sector 6
34
35
CONECON EN.RG. SRL
31
2.0375
41,618,433
-370,398
257
Medias, Sibiu
FREYROM SA
17
2.6375
41,322,028
1,696,778
74
Bucuresti, Sector 3
098 tabele Industrial Engineering.indd 98
10/29/15 6:59 PM
CONSTRUCTIONS
ARCHITECTS
RESIDENTIAL AND INDUSTRIAL BUILDINGS
HYDRO-TECHNICAL CONSTRUCTIONS
EQUIPMENT FOR CONSTRUCTIONS
UTILITY PROJECTS FOR ELECTRICITY AND TELECOMMUNICATIONS
ROADS, RAILWAYS, BRIDGES AND TUNNELS
ELECTRICITY INFRASTRUCTURE PROJECTS
BUILDING MATERIALS
099 garda Constructions.indd 99
10/26/15 10:56 PM
100
MCR CONSTRUCTIONS
ARCHITECTS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
VIA PROCONS SRL
N/A
N/A
29,100,722
257,693
Oradea, Bihor
MULTINVEST SRL
N/A
N/A
19,910,500
4,761,652
36
Targu Mures, Mures
DOPPELMAYR SEILBAHNEN GMBH

WOLFURT-SUCURSALA BUCURESTI
N/A
N/A
13,855,661
-388,502
N/A
Bucuresti, Sector 1
4
5
6
7
GISCAD SRL
N/A
N/A
9,081,380
863,771
10
Arad, Arad
TECON SRL
N/A
N/A
8,879,674
3,262,174
26
Bucuresti, Sector 5
2.4250
8,759,347
1,674,618
13
Bucuresti, Sector 1
N/A
N/A
8,400,680
904,644
74
Bucuresti, Sector 6
EPSTEIN ARCHITECTURE &

ENGINEERING SRL
1.8000
8,070,507
-152,820
23
Bucuresti, Sector 1
9
10
11
12
13
ASCO CONSTRUCTII SRL
ARCHITECT-SERVICE SRL
SIMEROM SRL
2.0750
8,040,545
885,797
53
Voluntari, Ilfov
PLATINUM TEHNOLOGIC SRL
N/A
N/A
7,602,213
150,866
N/A
Bucuresti, Sector 2
SNC LAVALIN ROMANIA SA
N/A
N/A
7,437,138
-1,171,063
88
Bucuresti, Sector 2
HACHIKO DESIGN SRL
N/A
N/A
7,070,522
332,947
45
Bucuresti, Sector 1
1.9875
6,535,945
431,400
36
Bucuresti, Sector 1
WSP GROUP SRL

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
STRABAG SRL
3.5375
753,323,497
6,310,632
549
Bucuresti, Sector 5
BOG ART SRL
3.1000
585,355,467
6,323,646
375
Bucuresti, Sector 1
ASTALDI SPA ITALIA SUCURSALA ROMANIA

BUCURESTI
2.9750
388,188,206
74,396,495
690
Bucuresti, Sector 1
VEGA 93 SRL
13
2.8125
365,158,631 -114,632,516
1,662
Galati, Galati
3.0125
307,177,330
21,047,550
192
Bucuresti, Sector 6
23
2.0875
240,685,122
17,398,341
N/A
Bucuresti, Sector 5
CON-A SRL
2.9750
230,135,990
10,333,258
437
Selimbar, Sibiu
AEDIFICIA CARPATI SA
2.9750
197,045,377
12,114,073
583
Bucuresti, Sector 5
CONSTRUCTII ERBASU SA
14
2.7875
174,592,309
13,043,872
298
Bucuresti, Sector 1
P.A.B. ROMANIA SRL
12
2.8250
173,545,588
16,575,435
202
Arad, Arad
5
6
7
8
9
10
AKTOR SOCIETATE TEHNICA ANONIMA

(AKTOR SA) - GRECIA - SUCURSALA
BUCURESTI, ROMANIA
STRABAG AG AUSTRIA SUCURSALA
BUCURESTI ROMANIA
11
TEHNIC-ASIST SRL
12
13
14
15
16
17
18
19
20
21
22
23
DANYA CEBUS ROM DEVESELU SRL
100-105 tabele constructions.indd 100
18
2.7000
153,011,519
8,110,373
Catamaresti-Deal, Bot200
osani
N/A
N/A
143,008,555
34,101,363
33
CONEST SA
20
2.5375
137,173,491
1,403,708
440
Iasi, Iasi
ROTARY CONSTRUCTII SRL
15
2.7875
133,848,780
2,758,202
323
Bucuresti, Sector 3
Bucuresti, Sector 6
N/A
N/A
131,400,010
-26,046
Bucuresti, Sector 6
CONARG CONSULTING SRL
10
2.8875
125,974,715
13,519,370
84
Pitesti, Arges
IASICON SA
17
2.7250
119,911,170
1,130,501
588
Iasi, Iasi
APOLODOR COM IMPEX SRL
21
2.4750
117,887,648
5,131,887
297
Bucuresti, Sector 3
GENERAL CONSTRUCT SRL
2.9125
117,848,078
5,751,890
578
Suceava, Suceava
TERRA GAZ CONSTRUCT SRL
2.9500
113,752,634
16,788,719
124
Otopeni, Ilfov
SMART CONSTRUCT STANDARD SRL
N/A
N/A
112,091,469
28,819,465
174
Campina, Prahova
CONSAL TRADE SRL
11
2.8875
111,683,770
9,206,599
222
ACI CLUJ SA
19
2.6625
110,781,024
2,445,685
379
Cluj-Napoca, Cluj
RHODOS CONSTRUCT SRL
10/26/15 10:58 PM
101

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
212,939
249
Gura Humorului,
Suceava
24
CONCRET CONSTRUCT A.G. SRL
22
2.3875
107,260,261
25
26
A.B.C.VAL SRL
16
2.7875
104,618,725
545,658
310
DUMEXIM SRL
3.2000
100,232,252
17,383,240
173
Oradea, Bihor
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
HYDRO-TECHNICAL CONSTRUCTIONS
RANKING
BY
COMPANY NAME
TURNOVER
HIDROCONSTRUCTIA SA
VAN OORD DREDGING AND MARINE

CONTRACTORS B.V.
ROTTERDAM-SUCURSALA CONSTANTA
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
3.3125
516,756,687 -152,849,539
3,229
Bucuresti, Sector 1
11
2.0500
177,858,218 -184,673,722
38
LESCACI COM SRL
2.5375
47,827,349
2,658,016
260
Negresti-Oas, Satu
Mare
4
5
6
7
SOCOT SA
2.7125
35,795,430
780,405
273
Targu Mures, Mures
CONSTRUCTII HIDROTEHNICE IASI SA
2.4375
24,866,907
823,141
180
Iasi, Iasi
ARGOS SA
12
1.8875
22,101,197
-2,123,499
218
C.L.I.F. SA
2.2625
21,527,328
621,994
80
HIDROTRAN SRL
2.5750
19,012,771
844,179
58
Miercurea Ciuc, Harghita
9
10
11
ARMEANCA PREST COM SRL
Targu Jiu, Gorj
13
1.7000
16,906,714
148,116
72
SUPERQUATRO GRUP SRL
2.0750
16,009,837
-1,240,485
69
Galati, Galati
TRANS CARPAT SRL
2.3875
15,933,394
667,573
75
Onesti, Bacau
12
HIDROTERRA SA
2.6375
14,635,436
2,178,667
78
Slobozia Sucevei,
Suceava
13
REPCON SA
10
2.0750
14,291,760
64,439
78
Oradea, Bihor
14
INTRETINERE SI REPARATII CONSTRUCTII

HIDROTEHNICE 'I.R.C.H.' SA
N/A
N/A
12,970,781
-193,805
42
Tulcea, Tulcea
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
CAMERON ROMANIA SRL
4.2500 1,209,252,258 341,737,285
1,115
Campina, Prahova
ROMSTAL IMEX SRL
3.1875
494,280,922
39,455,164
1,009
Bucuresti, Sector 4
MAKITA EU SRL
3.1625
493,858,260
38,260,390
655
LUFKIN INDUSTRIES SRL
Branesti, Ilfov
Aricestii Rahtivani,
Prahova
Bistrita,
Bistrita-Nasaud
28
2.1000
210,796,767
-64,667,725
383
COMELF SA
2.9750
199,867,348
8,731,898
1,141
BERGERAT MONNOYEUR SRL
3.0125
165,435,090
10,867,682
122
Mogosoaia, Ilfov
TERRA ROMANIA UTILAJE

DE CONSTRUCTII SRL
3.0750
147,882,040
5,306,948
66
Tunari, Ilfov
8
9
10
PROMPT SA
11
2.5375
124,657,229
2,824,648
299
Timisoara, Timis
HONEST GENERAL TRADING SRL
2.7250
123,550,629
10,549,711
285
Glina, Ilfov
MARCOM R.M.C. 94 SRL
3.0750
117,186,895
12,473,864
68
Otopeni, Ilfov
11
MELINDA IMPEX INSTAL S.A
14
2.5125
116,948,739
-1,490,832
224
Odorheiu Secuiesc,
Harghita
12
VIESSMANN SRL
12
2.5250
107,882,123
617,386
N/A
Ghimbav, Brasov
10/26/15 10:58 PM
102
MCR CONSTRUCTIONS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
13
SECPRAL PRO INSTALATII SRL
2.6375
105,117,787
2,030,331
121
Cluj-Napoca, Cluj
14
SALZGITTER MANNESMANN
DISTRIBUTIE SRL
20
2.3000
97,238,455
1,298,810
22
Bucuresti, Sector 3
15
16
ELMAS SRL
26
2.1625
85,496,956
1,717,389
269
Brasov, Brasov
BRODRENE DAHL SRL
10
2.5750
82,168,708
6,618,730
79
Tulcea, Tulcea
139
Dragomiresti-Deal,
Ilfov
17
FELBERMAYR ROMANIA SRL
29
2.0750
74,342,200
-4,626,393
18
19
20
21
22
23
24
25
UNIO SA
13
2.5250
70,832,088
546,282
KREATIV SRL
25
2.2000
64,636,138
253,829
57
HONEYWELL ROMANIA SRL
17
2.4750
61,511,077
8,372,908
436
Bucuresti, Sector 2
UPETROM 1 MAI SA
32
1.6000
60,754,507
-31,538,878
806
Ploiesti, Prahova
WIRTGEN ROMANIA SRL
31
1.9250
57,777,927
-3,382,266
27
Otopeni, Ilfov
UPET SA
18
2.4000
54,851,811
-5,897,602
TRITON SRL
15
2.5125
54,260,027
3,379,053
161
TECHNOVA INVEST SRL
24
2.2625
53,875,470
684,213
79
Oradea, Bihor
N/A
N/A
52,411,450
-228,911
N/A
Craiova, Dolj
26
EMIT.ERCOLE MARELLI IMPIANTI

TECNOLOGICI S.P.A-MILANO SUCURSALA
CRAIOVA SRL
27
28
29
30
31
LIEBHERR-ROMANIA SRL
30
2.0750
49,910,842
688,712
64
Otopeni, Ilfov
INDUSTRIAL M.D.TRADING SRL
21
2.3000
49,583,714
8,748,505
Bucuresti, Sector 1
Bucuresti, Sector 1
N/A
N/A
49,248,956
1,432,367
32
AUTOGRUPM RO SRL
27
2.1375
48,089,261
60,317
102
Arad, Arad
COM GAZ SA
22
2.3000
46,674,104
2,111,810
21
Slatina, Olt
32
MAGDOLNA IMPEX SRL
16
2.5125
45,066,421
2,190,469
75
Odorheiu Secuiesc,
Harghita
33
34
PROMEX SA
23
2.2875
44,384,215
1,001,392
620
Braila, Braila
INSTAL IMPEX SRL
19
2.3875
43,000,644
262,322
78
Arad, Arad
ASCENDUM MACHINERY SRL
UTILITY PROJECTS FOR ELECTRICITY

AND TELECOMMUNICATIONS
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 1
ENERGOMONTAJ SA
3.1875
328,519,650
8,090,638
2,637
ENERGOBIT SRL
2.8500
307,370,069
4,217,310
445
Cluj-Napoca, Cluj
BLACK SEA SUPPLIERS SRL
2.9750
298,822,919
551,460
521
LUXTEN LIGHTING COMPANY SA
2.9125
202,005,559
48,136,582
514
Bucuresti, Sector 1
N/A
N/A
91,391,665
5,441,496
45
Timisoara, Timis
LUDWIG PFEIFFER HOCH - UND TIEFBAU

GMBH & CO. KG GERMANIA SEDIU
PERMANENT DESEMNAT
6
7
8
9
ANTREPRIZA MONTAJ INSTALATII SA
15
2.2625
84,027,644
471,290
DAS SRL
10
2.4750
72,829,172
4,351,363
388
Iasi, Iasi
2.7625
72,533,343
4,654,933
124
Bucuresti, Sector 4
LOIAL IMPEX SRL
13
2.3875
68,691,724
4,179,144
196
Suceava, Suceava
10
TRUSTUL DE INSTALATII MONTAJ

SI CONSTRUCTII SA
23
1.6625
68,563,137
-8,735,463
319
Cluj-Napoca, Cluj
11
12
HABAU PPS PIPELINE SYSTEMS SRL
16
2.2000
63,592,792
4,905,184
91
Ploiesti, Prahova
2.6375
59,103,463
7,947,541
134
Bucuresti, Sector 6
HIGH-TECH CLIMA SRL
SCHINDLER ROMANIA SRL
10/26/15 10:58 PM
103
UTILITY PROJECTS FOR ELECTRICITY

AND TELECOMMUNICATIONS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
17
2.1375
58,928,244
2.8250
56,592,933
169,292
79
Bucuresti, Sector 2
8,842,501
139
ACVATOT SRL
20
2.0125
53,500,784
-7,356,542
Timisoara, Timis
153
Bucuresti, Sector 2
LOGSTOR SRL
21
1.8000
52,485,490
CRIOMEC SA
12
2.4125
48,605,532
-6,503,784
49
Bucuresti, Sector 6
1,030,143
359
EUROPE METAL TRADE SRL
19
2.1125
Galati, Galati
47,350,502
-240,067
10
13
14
15
16
17
18
19
FRIGOTEHNICA SRL
PROMS CONCEPT GROUP SRL
22
1.7625
47,004,044
-1,070,642
151
Bucuresti, Sector 1
20
LEOPOLD JORDAN GMBH SRL

WIEN SUCURSALA BUCURESTI
24
1.6500
46,288,965
-1,352,850
N/A
Bucuresti, Sector 1
21
22
23
24
25
26
ALOREF SRL
11
2.4500
45,840,784
2,816,337
65
Alba Iulia, Alba
IMSAT MUNTENIA SA
18
2.1375
45,366,488
337,771
195
Bucuresti, Sector 3
N/A
N/A
41,888,531
1,463,586
40
Bucuresti, Sector 5
14
2.3875
41,734,569
2,102,580
101
Bucuresti, Sector 2
SBR SOLETANCHE BACHY FUNDATII SRL
2.5750
41,614,863
3,876,715
81
Bucuresti, Sector 2
DISTRIGAZ CONFORT SRL
2.6625
41,074,857
5,670,317
322
Bucuresti, Sector 2
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.5250 1,109,987,843 523,294,928
5,885
Bucuresti, Sector 1
3.6250
502,465,402
50,732,430
1,396
Bucuresti, Sector 3
AGASI SRL
EDAS-EXIM SRL
FLASH LIGHTING SERVICES SA

RANKING
BY
COMPANY NAME
TURNOVER
1
2
COMPANIA NATIONALA DE AUTOSTRAZI SI

DRUMURI NATIONALE DIN ROMANIA SA
DELTA ANTREPRIZA DE CONSTRUCTII SI
MONTAJ 93 SRL
3
4
5
TANCRAD SRL
FCC CONSTRUCCION SA BARCELONA

SUCURSALA BUCURESTI
7
8
9
10
11
TEHNOSTRADE SRL
12
13
ANTREPRIZA DE REPARATII SI LUCRARI

ARL CLUJ SA
IMPRESA PIZZAROTTI & C SPA ITALIA
SUCURSALA CLUJ
14
TIRRENA SCAVI CONDOTTE G.I.E.
15
16
17
18
19
20
21
MAZZA CONSTRUCT SRL

STRACO GRUP SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
3.2000
311,732,741
15,164,719
216
Galati, Galati
N/A
N/A
310,893,678
14,948
21
Bucuresti, Sector 3
2.9125
303,945,609
1,187,230
513
Bucuresti, Sector 5
18
2.5125
303,294,523
1,032,050
204
Bucuresti, Sector 1
3.4375
293,601,547
35,192,811
1,009
Bacau, Bacau
EURO CONSTRUCT TRADING 98 SRL
13
2.7875
236,883,758
15,737,256
870
Bucuresti, Sector 1
SPEDITION UMB SRL
12
2.8000
234,913,059
18,355,655
21
Bacau, Bacau
MAX BOEGL ROMANIA SRL
11
2.8250
226,606,422
3,508,201
80
Bucuresti, Sector 5
3.0750
200,422,969
16,122,272
175
Cluj-Napoca, Cluj
17
2.6000
188,504,965
-20,250,295
286
Cluj-Napoca, Cluj
19
2.5125
178,684,631
581,823
139
Cluj-Napoca, Cluj
N/A
N/A
174,170,962
166
Sannicoara, Cluj
TIRRENA SCAVI SPA ITALIA SUCURSALA

CLUJ
21
2.4500
170,035,159
6,797,329
67
Sannicoara, Cluj
TEL DRUM SA
15
2.7250
158,058,392
2,322,208
2.8875
151,036,738
22,348,914
238
Galati, Galati
DIMAR SRL
10
2.8500
145,591,436
5,120,692
486
Bucuresti, Sector 2
TEHNOLOGICA RADION SRL
20
2.5000
129,106,740 -108,217,599
1,215
Bucuresti, Sector 6
GEIGER TRANSILVANIA SRL
2.9125
127,058,647
5,766,789
271
Cristesti, Mures
23
2.2625
121,104,831
-4,737,688
75
Sibiu, Sibiu
DIFERIT SRL
ARCADA COMPANY SA
ORSA ASFALT SRL
10/26/15 10:58 PM
104
MCR CONSTRUCTIONS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
25
2.0500
120,172,312
-35,290,921
22
Bucuresti, Sector 1
24
2.0750
119,530,467
-91,730,907
100
Sibiu, Sibiu
23
SWIETELSKY BAUGESELLSCHAFT M.B.H.

LINZ SUCURSALA BUCURESTI
IMPREGILO S.P.A.
MILANO-SUCURSALA SIBIU
24
VIAROM CONSTRUCT SA
16
2.7000
118,855,107
1,000,562
197
Bucuresti, Sector 2
25
ING SERVICE SRL
14
2.7625
118,488,947
21,261,603
112
Miercurea Ciuc,
Harghita
26
27
VECTRA SERVICE SRL
22
2.4125
108,597,134
-22,182,905
441
Zarnesti, Brasov
2.8875
106,954,299
35,973,123
227
Nadrag, Timis
22
TECHNOCER SRL
ELECTRICITY INFRASTRUCTURE PROJECTS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT

INTRETINERE SI SERVICII ENERGETICE
3.1250
381,457,195
7,683,378
3,357
Bucuresti, Sector 1
2
3
4
5
6
7
8
9
ELECTROMONTAJ SA
2.9375
239,384,253
7,779,194
1,207
Bucuresti, Sector 4
ELECTROGRUP SA
2.8500
103,318,181
16,243,931
252
Cluj-Napoca, Cluj
ELCOMEX - I. E. A. SA
2.3500
98,699,053
2,632,324
573
EGNATIA ROM SRL
2.4875
78,600,303
2,264,428
40
Bucuresti, Sector 1
CAMUSAT ROM-TELECOMUNICATII SRL
2.7625
75,663,041
6,679,608
131
Balotesti, Ilfov
SINDSERV SA
2.5375
40,700,218
2,265,338
951
Bucuresti, Sector 1
12
1.9750
36,575,363
-8,038,827
552
Bucuresti, Sector 1
2.3250
31,626,282
538,049
212
10
CANDU ENERGY INC. MISSISSAUGA

SUCURSALA CERNAVODA
N/A
N/A
18,053,184
-176,011
N/A
11
12
13
14
15
16
T&D PRO ELECTRIC SRL
N/A
N/A
16,373,152
1,080,073
33
Bucuresti, Sector 1
Bucuresti, Sector 4
SERVICII ENERGETICE MUNTENIA SA

ELECTROECHIPAMENT INDUSTRIAL SRL
2.2625
14,882,342
308,788
74
SERVICII ENERGETICE OLTENIA SA
13
1.7250
14,301,943
-12,275,481
286
Craiova, Dolj
TALESUN SOLAR BUCHAREST SRL
N/A
N/A
13,980,699
-14,578,775
N/A
Bucuresti, Sector 1
AMPEL DACIA SRL
11
2.1750
10,194,192
146,712
Bucuresti, Sector 1
ELECTROCONSTRUCTIA ELECON SA
10
2.2625
10,145,952
581,531
64
Brasov, Brasov
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
EMFOR MONTAJ SA
BUILDING MATERIALS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
1
2
3
4
5
HOLCIM ROMANIA SA
3.3500
974,382,895
92,652,073
748
Bucuresti, Sector 1
CARPATCEMENT HOLDING SA
3.7250
762,643,744 143,047,146
722
Bucuresti, Sector 1
LAFARGE CIMENT (ROMANIA) SA
3.6000
691,141,241 121,772,396
457
Bucuresti, Sector 1
HENKEL ROMANIA SRL
3.7250
586,974,680
47,804,200
500
Bucuresti, Sector 2
ADEPLAST SA
2.9750
300,597,685
14,997,617
270
Ploiesti, Prahova
SAINT-GOBAIN CONSTRUCTION PRODUCTS

ROMANIA SRL
2.7875
299,939,957
-42,378,160
462
Bucuresti, Sector 2
7
8
9
MITLIV EXIM SRL
3.4125
283,450,200
13,861,064
416
Craiova, Dolj
DAMILA SRL
17
2.5750
228,158,884
860,271
222
Maciuca, Valcea
HOLVER SRL
18
2.5750
210,294,761
1,129,223
240
Brasov, Brasov
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BUILDING MATERIALS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
10
11
12
13
CAMBELA PROD SRL
2.8875
207,407,996
4,101,727
70
Stejaru, Tulcea
SIDEROM STEEL SRL
27
2.2375
203,045,506
-1,579,587
25
Bucuresti, Sector 3
REHAU POLYMER SRL
10
2.7625
184,988,657
170,356
94
Tunari, Ilfov
CASA NOASTRA SRL
16
2.6625
156,747,489
6,060,012
948
Pielesti, Dolj
14
WIENERBERGER - SISTEME
DE CARAMIZI SRL
20
2.5125
142,695,175
1,152,977
204
Bucuresti, Sector 1
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
RUUKKI ROMANIA SRL
22
2.4500
137,338,058 -100,608,613
SOMACO GRUP PREFABRICATE SRL
23
2.3500
123,000,987
MITLIV PH CONSTRUCT SRL
15
2.6750
122,692,740
954,364
46
Craiova, Dolj
RUSTRANS SRL
14
2.7250
120,081,452
2,299,239
271
Bacau, Bacau
Bucuresti, Sector 1
-2,619,221
53
Tunari, Ilfov
403
Bucuresti, Sector 1
N/A
N/A
119,669,260
2,328,593
19
SAMUS CONSTRUCTII SA
25
2.2625
118,443,684
633,160
231
Dej, Cluj
FERCO STEEL EXPORT IMPORT SRL
28
2.2375
115,502,339
-5,502,747
22
Bucuresti, Sector 1
SINIAT SA
26
2.2625
115,456,914
-5,172,982
213
Bucuresti, Sector 3
BAUMIT ROMANIA COM SRL
19
2.5750
114,680,479
1,148,585
147
Bucuresti, Sector 6
CARMEUSE HOLDING SRL
11
2.7625
113,513,498
7,885,231
163
Brasov, Brasov
ELIS PAVAJE SRL
12
2.7625
110,816,862
5,057,571
235
Petresti, Alba
LAFARGE AGREGATE BETOANE SA
29
2.1625
109,327,469
-26,179,120
292
Bucuresti, Sector 1
FERCO CAPITAL SA
2.9500
109,243,833
6,339,409
89
Buhusi, Bacau
MACON SRL
24
2.2875
106,635,210
-18,969,247
625
Deva, Hunedoara
CERSANIT TRADE SRL
13
2.7375
101,748,259
3,037,326
39
Roman, Neamt
TRADO AVANGARD COMMERCE SRL
21
2.4625
101,620,427
96,675
N/A
Simleu Silvaniei, Salaj
INTERTRANSCOM IMPEX SRL
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peste
106 R agerpress.indd 106
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REAL ESTATE
AGENCIES
DEVELOPERS
EVALUATION COMPANIES
ASSET MANAGERS
PROPERTY & FACILITY MANAGEMENT
107 garda Real Estate.indd 107
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108-110 opinie immofinanz.indd 108
10/29/15 11:09 AM
109
INTERVIEW
NEW DEVELOPMENT
PROJECTS ON A GROWING
LOCAL MARKET
Sorin Visoianu, Country Manager Office & Logistics Romania & Bulgaria, IMMOFINANZ Group
1.
2013 represented an inflexion point

regarding the transactions volume on the
real estate market. How much has this
volume increased in 2014-2015? What are the
perspectives for 2016?
The demand for high quality real estate is directly
influenced by the countrys economy and its ability to
attract investors. Romania is slowly confirming its
substantial growth potential and benefitting from
exports to Germany, Austria and other countries in
Western Europe. The fact that there are many projects
in progress confirms our view: Romanias economy is
on an upward trend and is faster growing
than other CEE countries.
The local real estate market has indeed
picked up the pace in 2014 and 2015. In
terms of rent prices and vacancy rates, we
can say there is a degree of stability visible
in the last period, particularly in
Bucharest.
Regarding expectations, using the
office sector as an indicator, we can say
that we are happy to see clear recovery
signs, and are optimistic for the medium
term.
What are the characteristics of
the real estate consumers in
2015?
The difficult period that has passed strongly shook
the global economy, but there was a silver lining to it as
well: consumers have become better educated and
more careful about their needs and how they spend
their resources.
This situation can only please us, as we pride ourselves
on being able to offer tailored solutions to every single
one of our clients. Given our extensive experience in
2.
this, and the favourable market dynamics, we have also

recently begun to develop new projects in Romania:
Metroffice and IRIDE City, as well as LOG.IQ Bucharest
and the next phase of LOG.IQ Ploiesti. Furthermore,
the reconversion works for Armonia Mall in Arad into a
logistic center are nearing completion. For all these
projects we have very high expectations.
How have the structural changes in the
banking lending process been reflected on
the real estate market (2014-2015)? How
has the deleveraging process affected the real estate
market?
Our Romanian business is mostly based
on long term partnerships with our
tenants, with whom we have formed
strong relationships through trust,
transparency
and
a
permanent
willingness to tailor our offers according
to their needs. As such, we cannot say
that there have been any major changes
in our relationships with our tenants as a
result of the banking lending process
shifts.
Which are the stars of the
real estate market now?
In line with our long term
strategy, we closely observe the market
dynamics in order to identify any new
opportunities. As such, we have noticed clear signs of
economic growth, particularly visible in the office
sector.
Therefore, we have every confidence that IRIDE City
will live up to our expectations, as it is created following
our consecrated principles of always putting the needs
of our clients first, in order to provide them with tailored
solutions.
3.
WE ARE
CONFIDENT THAT
IRIDE CITY WILL
BE A SUCCESS, AS
IT FOLLOWS OUR
PRINCIPLE OF
PRIORITIZING THE
NEEDS OF OUR
CLIENTS.
4.
10/29/15 11:09 AM
110
MCR REAL ESTATE
5.
How would you describe the evolution of

the premium products on the real estate
market in 2015 and which are the causes?
As previously noted, a countrys economy and its
ability to attract investors have a direct influence on the
demand for premium real estate. Romanias economy
remains on a steady upward trend, which brings growth
to all sectors, including real estate.
To us, apart from the general facilities, what truly
makes a real estate product premium is flexibility. This is
the core element which we incorporate in everything we
do: from our More Than Office concept, to our LOG.IQ
properties. We are ready to customize our spaces
specifically to their business needs. Furthermore, we
offer our tenants everything they might need regarding
the property on location: from asset management,
property development and management, up to
accounting for the individual facilities represent part of
the core expertise.
6.
In terms of real estate properties

classification (retail/ offices/ logistics/
premium), how would you describe the
dynamics in 2015? Have you been surprised by one
or more of these dynamics? If positive, please detail.
If negative, please also detail.
Mirroring the trend of the national economy, we
have seen steady, still subtle increases on all the real
estate sectors we are active in not surprising,
considering that this is a long term, gradual process.
On the office front, our biggest current project is
Metroffice, which will be realised as the first part of a
long-term master plan. This involves the redesign of
the entire area within IMMOFINANZs Iride Business
Park into the future Iride City.
Plans call for the transformation of this area into an
innovative quarter with office, retail, leisure and
residential space in other words, a new, open and
vitalised section for the city. When the final stage of
construction is completed, Iride City will provide
space for restaurants, a hotel and conference center
and day-care center as well as park and sports facilities.
When complete, Metroffice will provide work spaces
for about 5,000 employees, while IRIDE City, for over
20,000.
On the logistic front, the next delivery terms for
LOG.IQ Bucharest are the final quarter of this year
and the first quarter of 2016 this would represent
the first phase of the project, with a rentable surface of
about 40,000 sqm.
Furthermore, we are continuing works on LOG.IQ
Ploiesti, a large-scale, Class A industrial development,
located in the Western part of Ploiesti.
IMMOFINANZ targets residential and
commercial segments both in Western
Europe and in Eastern Europe. What are
the similarities in Western and Eastern Europe? And
what are the differences? What are the perspectives,
from this point of view, in 2016?
We have noticed that the local market is slowly
becoming more western: the clients knowledge level
is increasing and their demands and expectations as
well. Certainly, this is a positive trend that can help the
market in the long term.
On the other hand, we believe the most important
current obstacle for Romania is the still underdeveloped national infrastructure. This truly
represents a major element in attracting big investors
to our country, which, in turn, would provide boosts
for the other branches of the economy.
7.
10/29/15 11:09 AM
Address: Str. Prof. Ion Bogdan, nr 4-6, sector 1, 010539, Bucuresti, Romania
Phone: +40 21 317 03 90, Fax: +40 21 317 03 93
E-mail: ofce@ibp.ro., Website: www.doingbusiness.ro
111 R Imm.indd 111
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112-114 opinie darian.indd 112
10/29/15 11:10 AM
113
INTERVIEW
ROMANIA HAS
A TRUSTWORTHY
ECONOMY AGAIN
Adrian Crivii, General Manager, Darian DRS SA
1.
The end of 2014 and the beginning of 2015

brought a significant cleaning of the banking
sector in terms of non-performing loans.
What lesson has the valuation market learnt from the
banking sector?
Since the beginning of 2014, but especially this year,
Romanian banks have considerably reduced bad loans
portfolios. This led to an increase in lending which was
at its highest point at the middle of the year. The trend
will continue if the economy receives positive signals
from the foreign markets. The investment funds
became more and more interested after the crisis ended
and they bought important amounts of
bad loans. Valuation is a profession tightly
connected to bank loans and had a lot to
learn from this crisis. For example,
standards have changed, new regulations
emerged, as well as new clarifications for
particular aspects. In Europe specialists
discuss more and more about Mortgage
Lending Value, a concept which applies
already in some countries around the
world. This concept refers to a certain
valuation which is successfully applied to
bank loans and sums up a vigilant attitude
regarding the value of the loan, the fact
that the value of one property has ups
and downs and that the assets need to be
analysed with care and conservatism.
This approach will rule out the extreme
values and will follow a sustainable longterm value.
Please name 3 key indicators (or key
industries) which trigger growth on your
market and please detail the way these
indicators (or industries) have worked in 2015 so far.
If they have not worked, what do you think has

limited their transmission mechanism?
Should we discuss which the most important domains
that led to an increase in valuation are, we should pay
attention to the ones connected to valuations that are
imposed by the caution required by the Romanian
National Bank regulations and the ones connected to
the collateral values that influence bank indicators.
Furthermore, there is the value of the estate that will be
sold and which is the cause of bad loans. Another area
was restructuring businesses in order to adapt to the
after crisis situation, but also the valuations needed in
order to revive the real estate market,
especially after land transactions started
to emerge again.
The European economies seem
to get better and the Romanian
economy seems to get much
better (in terms of growth). How is this
growth reflected in your industry?
Some European economies look better.
There are signs of growth which influence
the Romanian economy as well, especially
because Romania exports most of its
goods within the European Community.
Economic growth is important and
Romanias is one of the most important
in the European Union. This positive
trend has continued for a couple of years
now and is due to the fact that Romania
used to have a smaller Gross Domestic
Income, but a bigger development potential than larger
economies in Europe. Regarding the valuation industry,
we can say that the significant growth in lending the
population gave us a lot of work to do. Moreover, bank
portfolios valuation, either for forced sales, either
THE POSITIVE
EVOLUTION OF THE
ROMANIAN
ECONOMY AND
THE CHANGES
THAT EMERGED
DURING THE CRISIS
INFLUENCED
VALUATION, BOTH
QUALITATIVE AND
QUANTITATIVE.
2.
3.
10/29/15 11:10 AM
114
MCR REAL ESTATE
because the National Bank needs to establish provisions,

led us to a significant growth in the first semester of this
year. To conclude, the positive evolution of the
Romanian economy and the changes that emerged
during the crisis influenced valuation, both qualitative
and quantitative. The turnover increased by 20% in the
first semester.
Is Bucharest still the star of the real estate
market? What are the other stars and where
do you see bigger opportunities for both the
real estate industry and for the valuation industry?
Bucharest with its human and financial potential is
the biggest and most developed city in Romania and it
is still the biggest real estate market in the country.
Bucharest is the spearhead in this domain. After the
crisis passed new markets emerged, important ones,
especially in cities with big universities and which have
more than 300,000 inhabitants. These cities have
important human resources and good infrastructure.
Cluj-Napoca is one of these cities, a new rising star in
real estate and it is being followed by Timisoara and
some other big cities. We have to pay attention to some
other cities as well, smaller but important in their
counties.
Have investors regained their trust in the
Romanian economy? If so, what are the risks
of losing this trust? If not, what are the main
reasons?
Investors regained their trust in Romania because the
economy constantly increased in the past years with 2
4.
5.
or 3% per year. We have a stable government which

encourages a more relaxed fiscal legislation and this will
led us to economic stability and to an increase in trust
in Romania`s country rating. This is the basis of a long
term development.
In the USA, the economic policies restored
the trust and the real estate wealth of the
population. When do you think that wealth
represented by the real estate in Romania will reach
the pre-crisis level again? What are the arguments?
In the United States there were significant
developments in real estate which led to a recovery of
the market and to an increase of the standards of living.
If we talk about Romania, where the standards of living
and real estate values are much lower, we can say the
growth potential is higher. We expect to reach the
potential met before the crisis again, but not in the near
future. The argument is that Romania has a lower
growth, prices are lower and so the growth potential is
bigger. One of the reasons should be a more accelerated
economic growth due to the positive effects of the new
Fiscal Law.
What risks do you envisage for 2016?
The world faces major turbulences. Europe
has the migrant crisis and the war in Ukraine
which are reasons enough to be worried. Globally,
China faces major risks, its economy dropped suddenly
and the currency depreciated and we also have the
tensions in the Middle East. These are risks that
influence the global economy.
6.
7.
10/29/15 11:10 AM
115
AGENCIES
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
RANKING
BY MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
N/A
133,805,095
152,173
N/A
Bucuresti, Sector 2
MCR
SCORING
ORIONE IMOBILIARE SRL
N/A
LANDSCAPES SERVICII SRL
N/A
N/A
130,378,470
527,011
Bucuresti, Sector 4
2.5125
20,630,747
612,180
68
Bucuresti, Sector 1
N/A
N/A
17,439,297
-128,994
N/A
Cluj-Napoca, Cluj
FANI GRUP SRL
2.4875
15,952,683
253,518
Voluntari, Ilfov
COLLIERS INTERNATIONAL SRL
1.9250
14,323,469
-279,460
20
Bucuresti, Sector 1
CALLATIS BLUE SRL
N/A
N/A
13,157,491
-21,276
N/A
Geamana, Arges
AGORA MARKETING & CONSULTING SRL
N/A
N/A
11,870,594
1,348,040
11
Bucuresti, Sector 1
IMOINVEST CO SRL
1.6125
5,360,377
-2,867,313
Arad, Arad
CUSHMAN & WAKEFIELD ROMANIA SRL
2.4250
4,974,172
748,912
25
Bucuresti, Sector 5
BNP PARIBAS REAL ESTATE ADVISORY SA
2.1750
3,542,886
-1,816,831
12
Bucuresti, Sector 1
CONADI IMOB CONSTRUCT SRL
2.2375
3,184,219
553,416
17
Bucuresti, Sector 5
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
2.9250
126,263,847
6,452,803
31
Cluj-Napoca, Cluj
15
1.6125
71,957,157
3,818,818
Bucuresti, Sector 4
2.2375
70,632,605
1,777,322
Bucuresti, Sector 1
N/A
N/A
69,487,580
-14,118,409
Bucuresti, Sector 2
12
1.7125
69,159,917
-19,722,458
N/A
Bucuresti, Sector 2
16
1.5875
63,203,401
-2,284,119
Bucuresti, Sector 2
CBRE REAL ESTATE CONSULTANCY SRL

STIL IMOBIL SRL
DEVELOPERS
RANKING
BY
COMPANY NAME
TURNOVER
KESZ EPITO ES SZERELO ZRT SZEGED

SUCURSALA CLUJ NAPOCA
SOCIETATE DEZVOLTARE COMERCIAL
SUDULUI (SDCS) SRL
ALPHA PROPERTY DEVELOPMENT SRL
SPC BETA PROPERTY DEVELOPMENT

COMPANY SRL
REWE PROJEKTENTWICKLUNG
ROMANIA SRL
ITALIAN-ROMANIAN INDUSTRIAL
DEVELOPMENT ENTERPRISE - IRIDE SA
5
6
7
8
9
10
11
OPUS LAND DEVELOPMENT SA
12
INTERMED C
ONSULTING & MANAGEMENT SRL
13
14
15
16
17
18
19
20
21
22
23
24
PHOENIX PARK SRL
115-117 tabele real estate.indd 115
BUC INVEST SRL

BOC REAL PROPERTY SRL
INVEST4SEE PROPCO THREE SRL
GLOBALWORTH ASSET MANAGERS SRL
PRIMAVERA RESIDENCE SRL

COMPLEXUL REZIDENTIAL COLENTINA SRL
RANKING
BY MCR
SCORING
1.8000
58,126,343
-765,163
N/A
N/A
56,096,549
4,723,125
Bucuresti, Sector 2
17
1.4625
49,752,725
-3,724,936
N/A
Bucuresti, Sector 2
N/A
N/A
41,542,839
1,424,423
Timisoara, Timis
1.8000
41,126,266
-6,038,506
39
Bucuresti, Sector 2
13
1.7125
40,356,192
8,689,342
N/A
Bucuresti, Sector 1
Bucuresti, Sector 1
16 Stefanestii de Jos, Ilfov
1.8375
40,229,833
9,598,111
N/A
N/A
N/A
39,383,325
1,230,521
Deva, Hunedoara
1.8375
38,875,552
-3,910,221
Bucuresti, Sector 1
14
1.6750
37,634,170
7,852,715
Bucuresti, Sector 2
N/A
N/A
37,492,000
-3,340,041
15
Bucuresti, Sector 1
UTI REAL ESTATE DEVELOPMENT SRL
2.0500
34,980,688
428,231
25
Bucuresti, Sector 2
PORTLAND ROMANIA INDUSTRIAL ONE SRL
1.8625
32,018,564
-7,873,817
Bucuresti, Sector 2
METRO IMOBILIARE INVESTMENT SRL
2.1125
31,983,648
13,457,653
Bucuresti, Sector 3
CITY GATE BUCHAREST SRL
11
1.7750
31,174,498
5,707,981
Bucuresti, Sector 1
PIPERA BUSINESS PARK SRL
N/A
N/A
30,320,701
-12,513,851
Bucuresti, Sector 2
BRINOX DEVELOPMENT SRL
N/A
N/A
29,925,416
4,443,677
N/A
Bucuresti, Sector 4
10
1.8000
5,788,219
Bucuresti, Sector 1
HERCESA IMOBILIARA SRL

IMMOCHAN IMOBILIARE SRL
BALKAN PETROLEUM SA
10/28/15 6:52 PM
116
MCR REAL ESTATE
EVALUATION COMPANIES
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
MCR
SCORING
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
Cluj-Napoca, Cluj
www.darian.ro
+40 264 438 033 / 034
ADRIAN CRIVII
General Manager
DARIAN DRS SA
MCR SCORING: 2.4875

PROFIT/ LOSS 2014 (RON): 1,716,382
PRIME PROPERTY ADVISERS SRL
CONTACT
2.3000
11,383,177
-575,973
13
Bucuresti, Sector 1
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
ASSET MANAGEMENT
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
IULIUS MANAGEMENT CENTER SRL
2.9125
114,479,383
15,144,800
784
Iasi, Iasi
NIRO INVESTMENT SA
2.7250
110,680,163
13,945,715
348
Fundeni, Ilfov
N/A
N/A
99,741,056
61,112,939
38
Bucuresti, Sector 2
EUROGULF INVESTMENTS SRL
2.3625
82,674,546
2,056,189
14
Bucuresti, Sector 1
FLOREASCA CITY CENTER SRL
N/A
N/A
64,456,401
-17,542,878
N/A
Bucuresti, Sector 2
14
1.7375
47,011,350
5,836,712
14
Bucuresti, Sector 2
NUSCO IMOBILIARA SRL
EVEREST INVESTITII SI CONSULTANTA SRL
METROPOLIS GRUP SRL
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
IDEAL CASA DEVELOPMENT SRL
RANKING
BY MCR
SCORING
WEST GATE SRL

FUTURE TOOLS CONSTRUCTION SRL
1.9500
45,119,143
214,411
160
Bistrita, Bistrita-Nasaud
N/A
N/A
41,979,504
18,609,708
Bucuresti, Sector 1
15
Bucuresti, Sector 6
1.9250
41,200,570
8,502,337
N/A
N/A
40,924,539
18,841,212
15
1.4625
38,577,127
-6,700,579
N/A
Bucuresti, Sector 1
ROMARTA SRL
2.3625
36,600,072
22,203,203
50
Bucuresti, Sector 3
METEX BIG SA
2.4250
35,995,062
31,805,371
44
Bucuresti, Sector 2
HORNBACH IMOBILIARE SRL
1.9250
34,971,526
9,445,875
Domnesti, Ilfov
10
1.9250
34,385,615
24,815,610
25
Bucuresti, Sector 3
GENERALCOM SA
N/A
N/A
32,685,166
7,013,174
Bucuresti, Sector 2
ROM FARMING 2007 SRL
N/A
N/A
32,291,354
302,474
N/A
2.1625
32,242,951
20,869,686
37
Bucuresti, Sector 3
Bucuresti, Sector 6
EUROPOLIS PARK BUCHAREST ALPHA SRL
UNIVERSAL SA
PRACTIC SA
11
1.8625
31,700,597
-1,804,347
LOTUS CENTER SA
N/A
N/A
31,334,521
5,818,251
12
Oradea, Bihor
ROMCONSULTING INTERNATIONAL SRL
N/A
N/A
31,076,505
1,072,113
34
Bucuresti, Sector 1
HR GLL CDG PLAZA SRL
N/A
N/A
30,236,268
7,253,898
N/A
Bucuresti, Sector 1
17
1.3375
30,169,956
-3,007,336
Bucuresti, Sector 2
N/A
N/A
29,790,385
792,459
Onesti, Bacau
12
1.8000
28,869,529
15,500,792
Bucuresti, Sector 1
16
1.4625
27,707,790
7,334,949
Bucuresti
PLOIESTI SHOPPING CITY SRL
N/A
N/A
26,727,133
-17,388,949
Bucuresti, Sector 2
MARA COM.MIXT SA
N/A
N/A
26,682,662
-5,639,022
Arad, Arad
13
1.7750
26,591,909
194,589
N/A
Bucuresti, Sector 2
NOVO PARC TREI SRL
LAKEVIEW OFFICE BUILDING SA

LAMIRA DESIGN SRL
BR REAL FRIENDS SRL
S - PARK OFFICES SRL
MERCUREAL SRL
10/28/15 6:52 PM
117
PROPERTY & FACILITY MANAGEMENT

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
2.148
Bucuresti, Sector 1
ADMINISTRATIA PATRIMONIULUI
PROTOCOLULUI DE STAT RA
2,4375
167.364.819
-13.508.929
2
3
4
5
6
7
8
9
10
11
BCR REAL ESTATE MANAGEMENT SRL
2,1125
101.818.496
-36.998.539
23
Bucuresti, Sector 3
ISS FACILITY SERVICES SRL
2,8750
58.011.765
3.039.444
1.595
Bucuresti, Sector 1
ANCHOR GRUP SA
2,2625
48.226.675
6.835.313
114
Bucuresti, Sector 6
BUILDING SUPPORT SERVICES SRL
2,7875
47.358.681
1.914.388
547
Bucuresti, Sector 1
MT & T PROPERTY MANAGEMENT SRL
2,8875
41.764.254
4.863.987
248
Bucuresti, Sector 1
N/A
N/A
39.213.039
523.992
1.138
Otopeni, Ilfov
2,3000
35.174.656
169.287
14
Bucuresti, Sector 1
ROMPREST SERVICII INTEGRATE SRL

SINCLEA FACILITY MANAGEMENT SRL
10
2,0750
27.617.428
8.819.643
87
Bucuresti, Sector 6
P. DUSSMANN SERV ROMANIA SRL
2,2875
19.308.360
-802.214
497
Bucuresti, Sector 1
ATALIAN ROMANIA
2,6375
15.860.581
283.403
118
Bucuresti, Sector 1
SEMA PARC SA
10/28/15 6:52 PM
118 R Kompass.indd 118
10/27/15 1:18 AM
WOOD, PAPER
& FURNITURE
RETAIL TRADE OF FURNITURE, CARPETS AND LIGHTING EQUIPMENT
MANUFACTURE OF PAPER AND PAPER PRODUCTS
MANUFACTURE OF FURNITURE
MANUFACTURE OF WOOD AND WOODEN PRODUCTS
119 garda Wood, Paper & Furniture.indd 119
10/27/15 1:31 AM
120
MCR WOOD, PAPER & FURNITURE
RETAIL TRADE OF FURNITURE.

CARPETS AND LIGHTING EQUIPMENT
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
IKEA ROMANIA SRL
3.1625
394,478,089
13,501,159
473
Bucuresti. Sector 1
AX PERPETUUM IMPEX SRL
2.7625
100,732,922
5,182,407
204
Cluj-Napoca. Cluj
11
2.1375
89,012,028
72,084,571
170
Oradea. Bihor
MOBEXPERT BANEASA SRL
2.6375
77,163,588
8,621,254
164
Bucuresti. Sector 1
POLTERGEIST SRL
2.3250
71,871,541
999,107
147
Timisoara. Timis
EURODAN SRL
2.2375
67,690,919
32,092
Sibiu. Sibiu
CASA RUSU SRL
2.9125
61,102,498
1,459,255
253
Dumbravita. Timis
KIKA MOBILIER SRL
15
1.8875
52,890,649
-2,148,704
93
Domnesti. Ilfov
M & D RETAIL PIPERA SRL
10
2.2000
51,821,298
727,435
144
Bucuresti. Sector 2
2B GROUP SRL
13
2.0750
43,875,979
109,421
165
Reghin. Mures
2.5500
43,288,364
2,736,427
22
Bucuresti. Sector 6
PROGES SRL
TECHO ROMANIA SRL
2.3625
39,526,538
1,318,645
Bucuresti. Sector 4
SIMEX GRUP SRL
12
2.1125
37,290,059
-93,746
39
Simleu Silvaniei. Salaj
FURNITURE DESIGN DISTRIBUTION SRL
14
2.0500
32,514,131
3,274,543
43
Bucuresti. Sector 1
2.5125
32,361,251
4,113,021
86
Timisoara. Timis
RO.WE.NI INTERNATIONAL SRL
ELBA-COM SA
MANUFACTURE OF PAPER AND PAPER PRODUCTS

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
RONDOCARTON SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.2875
257,809,369
20,636,184
272
Apahida, Cluj
N/A
N/A
255,928,573
16,591,079
309
Petresti, Alba
COMCEH SA
10
2.4750
219,633,398
3,306,787
259
Calarasi, Calarasi
AMBRO SA
2.6000
211,450,421
15,156,319
509
Suceava, Suceava
VRANCART SA
3.0125
197,475,915
20,966,557
903
Adjud, Vrancea
ECOPAPER SA
13
2.3875
143,256,136
11,739,202
165
Zarnesti, Brasov
ROMCARTON SA
3.0375
138,314,114
6,824,562
282
Bucuresti, Sector 3
DUNAPACK RAMBOX PRODIMPEX SRL
3.1375
119,588,040
10,807,758
160
Sfantu Gheorghe,
Covasna
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
TETRA PAK ROMANIA SRL
3.1125
118,334,926
5,785,137
41
Bucuresti, Sector 1
ECOPACK SA
2.7500
108,781,451
7,876,022
200
Ghimbav, Brasov
DS SMITH PACKAGING ROMANIA SRL
22
1.7625
99,461,667
-1,861,795
173
Timisoara, Timis
VPK PACKAGING SRL
19
2.0750
93,020,445
-1,419,187
197
Salonta, Bihor
MAYR MELNHOF PACKAGING ROMANIA SRL
15
2.3250
84,425,988
4,184,049
155
Blejoi, Prahova
TIGER SOMES IMPEX SA
2.5750
76,103,904
3,237,237
65
Dej, Cluj
THIMM PACKAGING SRL
21
1.7875
59,094,295
-11,347,457
369
Sura Mica, Sibiu
ROMPRIX EXIM SRL
14
2.3875
56,743,489
4,323,796
161
Pantelimon, Ilfov
PIGNA ROMANIA IMPEX SRL
20
2.0750
54,097,405
97,147
98
Bucuresti, Sector 6
SEGEZHA PACKAGING SRL
23
1.7625
53,867,906
-4,521,431
73
Ploiesti, Prahova
2.5750
51,021,777
9,788,637
84
Darmanesti, Arges
MONTE BIANCO SA
16
2.2000
50,090,943
1,133,596
ASIL SRL
11
2.4500
49,695,565
1,225,551
206
Vanatori, Galati
PETROCART SA
18
2.1250
47,758,912
470,870
250
Piatra Neamt, Neamt
BARLETA SRL
17
2.2000
46,288,508
2,288,402
184
Bacau, Bacau
ROM PAPER SRL
12
2.4500
43,379,551
2,880,867
93
Cristian, Brasov
120-123 tabele wood, paper.indd 120
PEHART TEC SA
PENTAROM SRL
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121
MANUFACTURE OF FURNITURE
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BY
COMPANY NAME
TURNOVER
1
2
3
ARAMIS INVEST SRL

TAPARO SRL
ITALSOFA ROMANIA SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
3.5625
567,145,182
27,606,990
N/A
N/A
306,231,076
3,449,583
3.4375
303,210,340
14,633,677
NO, OF
EMPLOYEES
2014
CONTACT
2,845 Baia Mare, Maramures

891
Borcut, Maramures
PGS SOFA
& CO SRL
MCR SCORING: 3.2875
Oradea, Bihor
DINU MESTER
Executive Director

PROFIT/ LOSS 2014 (RON): 20,897,366
5
6
7
8
ECOLOR SRL
3.0375
234,891,390
21,242,675
463
COTTA INTERNATIONAL SRL
3.1625
203,586,977
7,399,401
628
Arad, Arad
12
2.7500
199,743,569
4,377,263
1,375
Gherla, Cluj
2.9750
197,175,316
11,492,348
825
Salonta, Bihor
SORTILEMN SA
ADA FABRICA DE MOBILA SRL
Jucu-Herghelie, Cluj
PLIMOB SA
3.0625
180,179,193
23,050,787
1,487
Sighetu Marmatiei,
Maramures
10
11
12
13
14
15
16
17
18
19
COUNTRY ELEMENTS SRL
2.9375
175,910,806
6,539,093
1,435
GAMMET 2000 SRL
3.1000
112,827,220
7,512,479
401
Lugoj, Timis
ITALROM LEATHER SRL
13
2.7250
109,582,918
2,832,802
532
Mintia, Hunedoara
LEMET SRL
10
2.8500
100,249,032
7,264,772
561
Campina, Prahova
POLIPOL MOBILA SRL
24
2.4125
96,566,904
5,113,547
705
Foieni, Satu Mare
RUS-SAVITAR SRL
14
2.7250
91,271,102
17,102,858
501
Dumbravita, Timis
DITRE INTERNATIONAL SRL
21
2.4750
72,784,291
3,824,818
371
Arad, Arad
PRESTIGE MOB SRL
18
2.6000
70,979,924
3,188,905
577
Balotesti, Ilfov
SAVINI DUE SRL
15
2.6625
70,878,714
5,193,696
267
Sebes, Alba
CORPORATE OFFICE SOLUTIONS SRL
11
2.8250
66,303,238
4,837,625
54
Bucuresti, Sector 1
20
TRANSVAL MOB SA
25
2.4125
65,980,957
658,079
361
Sighetu Marmatiei,
Maramures
21
22
23
NIKMOB SA
22
2.4750
63,169,858
584,662
413
Nehoiu, Buzau
PURE HOME COLLECTIONS SRL
20
2.5125
62,483,892
5,928,498
155
MOBILA SOVATA SRL
27
2.3500
62,058,764
2,386,888
512
Sovata, Mures
Mediesu Aurit, Satu
Mare
24
TOP DESIGN FURNITURE SRL
16
2.6625
59,992,130
4,595,657
318
25
26
27
28
29
30
31
CLASS FURN ROMANIA SRL
17
2.6625
57,444,733
1,001,846
373
Sabolciu, Bihor
MOBILUX SA
30
2.2875
54,922,322
4,289,850
301
Bucuresti, Sector 2
MOBILIER GENERAL ARAD MGA SRL
19
2.6000
54,321,442
8,290,671
414
Arad, Arad
STAER INTERNATIONAL SA
29
2.3250
52,472,821
3,714,293
246
Galati, Galati
FUTURE SRL
23
2.4500
50,004,924
4,373,457
103
Otopeni, Ilfov
ELVILA SA
28
2.3500
48,003,550
1,052,674
865
Bucuresti, Sector 1
LARIX MOBILA SRL
26
2.4125
44,118,783
1,373,220
448
Reghin, Mures
10/27/15 1:34 AM
122
MCR WOOD, PAPER & FURNITURE
MANUFACTURE OF WOOD AND WOODEN PRODUCTS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
HOLZINDUSTRIE SCHWEIGHOFER SRL
4.2500 2,004,696,732 334,347,617
1,841
Sebes, Alba
REGIA NATIONALA A PADURILOR - ROMSILVA R.A.
3.7125 1,517,727,691 134,373,130
16,706
Bucuresti, Sector 2
3
4
5
6
EGGER ROMANIA SRL
3.8500 1,323,430,501
42,547,571
682
Radauti, Suceava
KRONOSPAN SEBES SA
3.5375
1,125,257,921
2,206,699
463
Sebes, Alba
KASTAMONU ROMANIA SA
3.1000
540,031,931
8,910,225
864
Reghin, Mures
KRONOSPAN ROMANIA SRL
2.8250
500,643,762
-50,894,751
197
Brasov, Brasov
HOLZINDUSTRIE SCHWEIGHOFER
BACO SRL
2.9125
228,278,303
16,618,072
684
Comanesti, Bacau
8
9
10
11
12
13
14
15
16
17
18
19
AVIVA SRL
2.6875
194,065,068
8,171,822
FRASINUL SRL
2.9500
109,344,150
4,535,914
224
LOSAN ROMANIA SRL
10
2.6625
109,011,446
3,148,652
494
Brasov, Brasov
SILVANIA INTERNATIONAL PROD SRL
11
2.5750
103,434,880
865,258
193
Anies, Bistrita-Nasaud
ALREDIA SRL
15
2.3875
97,793,021
1,211,988
246
Aiud, Alba
J.F. FURNIR SRL
23
2.0375
93,984,029
-2,209,085
358
Brasov, Brasov
FORESTAR SA
24
1.7625
93,250,638
-10,724,141
216
Tarcau, Neamt
SIMPE SRL
17
2.2875
90,073,086
-25,358,304
328
Sebes, Alba
BARLINEK ROMANIA SA
25
1.7250
88,736,584
-5,090,856
304
Onesti, Bacau
KARELIA - UPOFLOOR SRL
19
2.2625
88,617,846
4,341,896
240
Satulung, Maramures
ROMANEL INTERNATIONAL GROUP SA
26
1.7250
83,939,530
-23,810,272
335
Bucuresti, Sector 1
MASIFPANEL SRL
14
2.4750
80,155,522
7,206,236
423
Ileni, Brasov
614
Viseu De Sus, Maramures
20
21
22
23
24
25
26
27

Anies, Bistrita-Nasaud
R.G.HOLZ COMPANY SRL
18
2.2875
69,498,184
XILOBAIA SRL
21
2.2000
62,951,880
904,241
CARPAT STICKS SRL
12
2.5750
60,250,358
7,219,540
165
CH INDUSTRIAL PROD SRL
N/A
N/A
52,209,342
1,122,845
N/A
Gherla, Cluj
EUROCOM - EXPANSION SA
13
2.5750
51,033,879
11,611,019
180
Baiculesti, Arges
WERZALIT LEMN TECH SCS
16
2.3250
50,965,135
1,040,102
247
Lugoj, Timis
PORTA KMI ROMANIA SRL
20
2.2625
50,710,008
2,455,859
208
Arad, Arad
APICOM SRL
22
2.1375
50,647,426
-706,618
73
Ciumani, Harghita
2,671,620

Timisoara, Timis
10/27/15 1:34 AM
123.indd 123
10/28/15 4:14 PM
124 R tanex.indd 124
10/28/15 3:51 PM
TEXTILE & LEATHER

RETAIL TRADE OF CLOTHING IN SPECIALISED STORES
RETAIL TRADE OF FOOTWEAR AND LEATHER GOODS
MANUFACTURE OF WEARING APPAREL
MANUFACTURE OF FOOTWEAR AND LEATHER GOODS
MANUFACTURE OF TEXTILE FIBERS AND TEXTILES
125 garda Textile & Leather.indd 125
10/27/15 1:35 AM
126
MCR TEXTILE AND LEATHER
RETAIL TRADE OF CLOTHING IN SPECIALISED STORES

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
KENVELO ROMANIA SRL
3.2000
106,393,851
4,739,101
228
Bucuresti, Sector 3
MASSIMO DUTTI RO SRL
2.5750
88,266,236
26,749,252
101
Bucuresti, Sector 3
19
N/A
N/A
57,956,763
-345,341
N/A
Bucuresti, Sector 3
LEE COOPER RO SRL
2.5750
38,209,136
2,628,848
142
Bucuresti, Sector 3
H&M HENNES & MAURITZ SRL
3.7875
529,490,001
28,013,870
691
Bucuresti, Sector 1
ZARA BUCURESTI SRL
3.6000
411,928,818
75,731,961
717
Bucuresti, Sector 3
ROUMASPORT SRL
3.4125
309,416,174
9,812,031
335
Bucuresti, Sector 6
C&A MODA RETAIL SRL
3.2625
276,426,744
15,703,964
213
Bucuresti, Sector 6
12
2.8875
157,883,588
22,731,543
124
Bucuresti, Sector 1
3.1375
137,493,088
20,210,193
227
Bucuresti, Sector 3
NYER ROMANIA SRL
10
3.1375
133,771,107
15,528,591
235
Cluj-Napoca, Cluj
TAKKO FASHION INTERNATIONAL SRL
16
2.6625
123,801,029
7,007,937
329
Bucuresti, Sector 1
ELMEC ROMANIA SRL
14
2.8500
118,985,048
5,838,019
339
Bucuresti, Sector 5
PULL & BEAR RO SRL
13
2.8875
113,635,252
19,752,275
174
Bucuresti, Sector 3
RENANIA TRADE SRL
11
3.1375
102,008,575
15,846,664
118
Targu Mures, Mures
HERVIS SPORTS AND FASHION SRL
15
2.7000
84,102,425
2,126,315
164
Bucuresti, Sector 2
STRADIVARIUS RO SRL
18
2.5125
80,604,508
8,923,037
144
Bucuresti, Sector 3
M - FASHION COM SRL
17
2.6000
61,573,233
1,641,975
286
Otopeni, Ilfov
MARKS & SPENCER MARINOPOULOS

ROMANIA SA
19
2.0750
32,517,724
-5,937,952
76
Bucuresti, Sector 1
FET RETAIL RO SRL
PEEK & CLOPPENBURG SRL

BERSHKA CARPATI SRL
RETAIL TRADE OF FOOTWEAR AND LEATHER GOODS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
546
Bucuresti, Sector 1
DEICHMANN COMERCIALIZARE
INCALTAMINTE SRL
2.9750
236,976,477
20,789,072
2
3
4
5
6
7
8
OTTER - DISTRIBUTION SRL
2.9125
105,964,909
8,476,309
322
Chiajna, Ilfov
LEONARDO SRL
2.2875
93,708,552 281,376,127
768
Oradea, Bihor
BENVENUTI SRL
2.6000
84,102,708
7,712,596
317
Oradea, Bihor
ADIDAS ROMANIA SRL
2.8250
80,705,144
6,544,836
234
Bucuresti, Sector 1
LEATHER & SHOE SRL
2.3875
49,163,332
1,453,610
73
Sibiu, Sibiu
GREAT ATLANTIC IMPEX SRL
1.6750
41,347,902
132,741
21
Afumati, Ilfov
E-QUATION SRL
2.6750
38,721,872
1,675,766
Sebes, Alba
NO, OF
EMPLOYEES
2014
CONTACT

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
COINDU ROMANIA SRL
3.3375
385,699,117
18,768,740
Curtici, Arad
ROSKO TEXTIL SRL
3.6875
309,476,796
17,013,521
1,181
Curtici, Arad
10
3.0125
284,264,039
15,599,777
86
Sibiu, Sibiu
IC COMPANYS ROMANIA SRL
3.4875
282,819,532
7,404,953
34
Bucuresti, Sector 2
ALISON HAYES (ROMANIA) SRL
3.4375
268,214,354
7,373,153
1,253
Urziceni, Ialomita
ARIES TEXTILE SRL
3.1625
221,388,356
11,425,245
489
Arad, Arad
FORMENS SRL
3.2875
191,589,604
16,992,178
843
Botosani, Botosani
PANDORA PROD SRL
3.2875
154,852,295
16,273,870
816
Focsani, Vrancea
BENROM SRL
126-129 tabele Textile & Leather.indd 126
10/27/15 1:39 AM
127

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
21,361,973
826
Targu Secuiesc,
Covasna
PRODUCTIE ZARAH MODEN SRL
11
2.9750
144,887,360
10
11
12
13
14
ARTIFEX SRL
19
2.6875
141,745,398
3,368,210
1,331
Focsani, Vrancea
3.1000
124,822,642
13,012,147
303
Targu Frumos, Iasi
23
2.5500
120,648,182
10,228,723
37
Paulesti, Prahova
3.3750
105,655,747
18,102,947
1,270
Bucuresti, Sector 6
22
2.6000
93,094,855
10,588,501
790
Timisoara, Timis
287
Sfantu Gheorghe,
Covasna
EUROTEX COMPANY SRL

OZTASAR SRL
TIME INTERNATIONAL TRADING SRL
COTTONTEX SRL
15
TRANSILVANIAN TROUSERS COMPANY SA
15
2.7250
83,872,573
16
17
18
19
20
21
22
23
24
VASLUIANUL SRL
30
2.2125
71,438,744
87,083
Vaslui, Vaslui
VERSO CORPORATION SRL
16
2.7250
70,606,826
4,180,748
420
Bucuresti, Sector 6
ROULEAU - GUICHARD ROUMANIE SRL
28
2.2875
69,956,539
1,305,116
784
Sacele, Brasov
BIANCOSPINO SRL
20
2.6625
69,040,033
13,872,011
455
Breaza, Prahova
MAGREB KNITWEAR EAST SA
27
2.3500
68,613,709
2,207,838
339
Cluj-Napoca, Cluj
UNICONFEX EXIM SRL
14
2.7625
67,132,055
10,542,145
148
Slatina, Olt
JOLIDON IMPORT EXPORT SRL
35
2.0000
64,237,891
-99,736,437
1,020
Cluj-Napoca, Cluj
ADESGO SA
31
2.1375
60,949,500
1,294,362
231
Bucuresti, Sector 4
ROMANITA SA
34
2.0250
60,397,617
1,302,001
Caracal, Olt
890
Odorheiu Secuiesc,
Harghita
25
NORADA SA
13
2.7875
59,377,991
6,215,060
11,930,614
26
TANEX SRL
Bucuresti, Sector 5
www.tanex.ro
ADRIAN BAJENARU
General Manager
MCR SCORING: N/A

PROFIT/ LOSS 2014 (RON): 3,437,571
27
28
29
30
31
32
SONOMA SRL
36
1.9125
53,054,829
-3,606,228
739
Bacau, Bacau
SMS ROMANIA SRL
18
2.7000
52,338,483
1,307,077
127
Bucuresti, Sector 1
SORSTE SA
32
2.0750
51,172,153
421,830
171
Focsani, Vrancea
PAOLA CONFECTII SRL
12
2.8500
49,503,511
14,208,787
413
Titu, Dambovita
TEXTILE GEL & CO ROM SA
17
2.7250
48,391,175
3,836,347
583
Tulcea, Tulcea
FRANCESCA INDUSTRIES SA
26
2.3875
47,677,831
1,580,098
234
Pitesti, Arges
Targu Secuiesc,
Covasna
Odorheiu Secuiesc,
Harghita
33
NEW-FASHION SA
25
2.4125
47,629,517
5,185,968
948
34
IKOS - CONF SA
24
2.5000
47,195,337
6,877,628
1,129
35
KOTON SRL
37
1.8250
46,997,323
-6,409,107
135
Fundeni, Ilfov
547
Turnu Magurele,
Teleorman
36
IMPERIAL SA
33
2.0375
46,637,517
37
38
DEMIUMA COMIMPEX SRL
29
2.2625
45,701,007
499,004
213
Craiova, Dolj
TEBA BRAD INDUSTRY SRL
21
2.6625
42,948,103
2,557,291
286
Brad, Hunedoara
288,852

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
RIEKER ROMANIA SRL
3.2625
361,224,796
4,522,453
102
Lugoj, Timis
ARA SHOES ROMANIA SRL
3.5625
261,598,878
17,911,805
1,269
Valea Lui Mihai, Bihor
RAFFAELLO SHOES FACTORY SRL
2.9750
224,576,633
1,151,051
760
Bucuresti, Sector 4
10/27/15 1:39 AM
128
MCR TEXTILE AND LEATHER

RANKING
BY
COMPANY NAME
TURNOVER
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
LLOYD SHOES ROMANIA SRL
3.1000
168,817,389
6,606,714
615
REROPAM SRL
2.9125
105,416,995
13,249,505
292
Santion, Bihor
BIHORE SRL
2.8500
100,822,919
1,144,300
714
Oradea, Bihor
REKORD SRL
2.8500
100,511,630
11,216,675
400
Alba Iulia, Alba
ROMIPEL SRL
19
2.3625
98,016,974
14,635,408
35
Sibiu, Sibiu
ALPINA SHOE PRODUCTION SRL
10
2.6625
94,454,369
2,318,613
540
Reghin, Mures
MELANIA NEW SRL
13
2.6000
89,167,723
109,296
960
Alesd, Bihor
CFS-COMPONENTS FOR SHOES SRL
17
2.5125
81,294,775
2,922,501
210
Ghiroda, Timis
SIR SAFETY SRL
11
2.6625
68,508,687
3,905,800
492
Bacau, Bacau
CLASS SHOE SRL
2.8875
66,583,599
6,558,128
179
Cluj-Napoca, Cluj
SOMAREST SRL
18
2.4750
60,478,234
9,938,918
680
Cisnadie, Sibiu
MUSETTE EXIM SRL
14
2.6000
54,767,557
8,195,760
423
Bucuresti, Sector 4
GARTEK SRL
15
2.6000
54,709,622
1,955,180
377
Husi, Vaslui
JOMO THERMOMOLDING SRL
12
2.6375
51,060,562
7,230,198
165
Timisoara, Timis
RASITAL SRL
16
2.5750
46,670,165
1,141,013
221
Sibiu, Sibiu
2.7875
45,763,167
3,659,881
656
20
2.3375
44,546,120
1,499,310
Brasov, Brasov
LUNA SHOES SRL

CALZATURIFICIO SKANDIA SA SAN BIAGIO
DI CALLALTA TREVISO-ITALIA SUCURSALA
BRASOV-ROMANIA

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
RIFIL SA
ITALTEXTIL SARATA SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Savinesti, Neamt
3.1000
300,978,210
8,936,567
705
11
2.7250
246,857,145
2,482,921
496 Sarata, Bistrita-Nasaud
3.0000
237,270,473
4,615,012
1,131
Pucioasa, Dambovita
13
2.6000
223,396,077
1,928,845
305
Botosani, Botosani
YARNEA SRL
2.8500
162,527,530
7,055,738
382
Savinesti, Neamt
CARREMAN ROMANIA SRL
2.7875
146,279,928
2,855,482
337
Botosani, Botosani
COATS ODORHEI SRL
3.0375
134,682,685
10,125,286
413
Odorheiu Secuiesc,
Harghita
8
9
TRIMSOL ROMANIA SRL
3.2875
133,332,733
6,587,841
744
Faget, Timis
AUTOCOM AMICII GLC SRL
2.8125
127,644,389
378,723
1,168
Lupeni, Hunedoara
10
INTEX SA
3.1000
126,244,964
5,210,354
352
Nasaud, Bistrita-Nasaud
11
12
13
14
15
16
17
18
19
INDUSTRIA FILATI BUZAU SRL
SUN GARDEN ROMANIA SRL

ROLANA TEX SRL
3.1000
108,589,645
8,212,505
450
Buzau, Buzau
N/A
N/A
101,449,186
18,308
Simleu Silvaniei, Salaj
TE-ROX PROD SRL
20
2.4125
95,232,029
4,212,120
704
Pascani, Iasi
TREVERTEX SRL
12
2.6750
88,060,475
4,612,060
50
Curtici, Arad
EUROPEAN INTERIOR SRL
16
2.5375
82,013,771
6,816,182
338
Afumati, Ilfov
AMANN ROMANIA SRL
24
2.2625
73,125,716
1,594,797
157
Harman, Brasov
ROMTEXTIL SA
27
2.1625
70,059,868
849,810
430
MONOTEX SRL
10
2.7625
63,192,763
12,342,230
93
Sighisoara, Mures
SEFAR SRL
25
2.2625
58,347,054
1,882,349
177
Sighisoara, Mures
PLURAL COMMERCE SRL
10/27/15 1:39 AM
129

RANKING
BY
COMPANY NAME
TURNOVER
20
FILECA INDUSTRY SA
RANKING
BY MCR
SCORING
14
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
2.5750
56,527,598
4,256,400
184
Beclean,
Bistrita-Nasaud
21
MARTELLI
EUROPE SRL
Buzau, Buzau
www.martellieurope.com/ro
MAURO MARIA ANGELINI
General Manager
MCR SCORING: 2.5375

PROFIT/ LOSS 2014 (RON): 3,358,449
22
23
24
25
TESSITURA DI SARATA SRL
19
2.4500
53,332,766
4,066,183
COATS ROMANIA IMPEX SRL
15
2.5750
51,958,191
8,154,359
56
Bucuresti, Sector 6
GST AUTOMOTIVE SAFETY RO SRL
28
1.9750
48,684,552
-36,174
869
Sighisoara, Mures
COMIND SA
21
2.3875
47,404,845
1,326,143
142
26
DESLEECLAMA EASTERN EUROPE SRL
22
2.3250
45,911,093
4,533,585
234
27
MINET SA
23
2.3250
43,806,905
1,183,433
78
28
TESUTI TRANSILVANIA SRL
26
2.2625
40,369,366
1,412,730
29
READY GARMENT TECHNOLOGY SRL
18
2.5125
40,181,972
13,099,393
Slobozia, Ialomita
Miercurea Sibiului,
Sibiu
Ramnicu Valcea,
Valcea

188
Sfantu Gheorghe,
Covasna
10/27/15 1:39 AM
130 .indd 130
10/29/15 6:57 PM
AGRICULTURE
FARMING AND PROCESSING
CROPS AND PROCESSING
FRUIT AND VEGETABLES
131 garda Agriculture.indd 131
10/27/15 10:30 AM
132
MCR AGRICULTURE

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Timisoara, Timis
SMITHFIELD PROD SRL
3.6000
800,726,267
12,267,329
699
SMITHFIELD FERME SRL
3.6250
706,746,443
86,664,999
1,067
Timisoara, Timis
UNICARM SRL
3.5625
662,386,755
29,370,331
2,831
Vetis, Satu Mare
TRANSAVIA SA
3.6250
476,123,150
71,366,725
1,059
Oiejdea, Alba
AAYLEX PROD SRL
21
2.9750
385,823,941
-2,099,424
846
Buzau, Buzau
AGRICOLA INTERNATIONAL SA
13
3.0625
353,664,814
25,719,270
1,580
Bacau, Bacau
CAROLI FOODS GROUP SRL

7
Bucuresti, Sector 6
www.carolifoods.ro
KHALED EL SOLH
CEO
MCR SCORING: 3.3125

GROSS PROFIT/ LOSS 2014 (RON): 21,352,801
8
9
10
11
12
CRISTIM 2 PRODCOM SRL
14
3.0375
347,187,894
-1,079,716
726
Bucuresti, Sector 1
ELIT SRL
22
2.9375
314,008,675 -32,830,420
1,126
Cugir, Alba
3.5000
302,808,511
28,121,984
1,101 Boldesti-Scaeni, Prahova
33
2.7000
293,264,309
-567,886
104
Bucuresti, Sector 1
3.6625
287,804,428
15,443,152
551
Ramnicu Valcea, Valcea
13
RECUNOSTINTA PRODCOM IMPEX SRL
10
3.1625
276,182,404
13,480,347
718
Prahova
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
AVICOLA BUZAU SA
132-135 tabele agriculture.indd 132
AGRISOL INTERNATIONAL RO SRL

AAYLEX DISTRIBUTION SRL
DIANA SRL
3.3375
260,709,433
5,793,111
575
Buzau, Buzau
FOX COM SERV DISTRIBUTION SRL
12
3.1000
230,299,382
8,066,778
346
Bucuresti, Sector 4
SCANDIA FOOD SRL
53
2.2875
226,107,326
1,705,115
535
Sibiu, Sibiu
ALDIS SRL
44
2.4750
188,348,061 -18,875,304
876
Calarasi, Calarasi
ZONE INTERNATIONAL TRADING SRL
39
2.5500
174,239,707
5,935,534
42
Voluntari, Ilfov
FOX COM SERV SRL
15
3.0375
173,803,755
30,254,528
324
Bucuresti, Sector 4
MAURIZIARO MEAT SRL
20
2.9875
169,781,546
7,471,754
17
Arad, Arad
AVICARVIL SRL
28
2.7875
165,714,331
10,133,228
767
Francesti, Valcea
C+C SA
35
2.6000
161,341,096
868,299
404
SAM MILLS FEED SRL
48
2.4250
155,480,110
4,967,802
24
Botiz, Satu Mare
MARIA TRADING SRL
36
2.6000
153,942,926
5,832,165
259
WESTFLEISCH ROMANIA SRL
30
2.7625
150,229,869
4,595,663
145
Tarnaveni, Mures
ANA & CORNEL SRL
23
2.9125
147,798,059
15,957,669
747
Mizil, Prahova
INTERAGROALIMENT SRL
43
2.5125
143,318,594
2,787,713
246
Bogdanesti, Bacau
Botosani, Botosani
DOLY-COM SRL
45
2.4750
142,143,515
233,780
313
SAFIR SRL
31
2.7250
138,754,448
1,783,802
304
Valeni, Vaslui
ABATORUL AVICOLA CREVEDIA SRL
49
2.3500
134,151,277 -36,975,402
407
Crevedia, Dambovita
AVICOLA BRASOV SA
29
2.7875
129,991,211
12,019,140
505
Brasov, Brasov
SERGIANA PRODIMPEX SRL
16
3.0375
129,669,894
9,994,987
651
Poiana Marului, Brasov
NUTRIENTUL SA
46
2.4500
127,050,210
1,688,802
N/A
Palota, Bihor
PAJO HOLDING SRL
47
2.4500
126,801,541
2,965,855
132
Baba Ana, Prahova
FERMA ZOOTEHNICA SRL
24
2.9125
126,497,107
7,090,667
286
Baia Mare, Maramures
AVE IMPEX SRL
54
2.2875
126,052,411
34,498
446
CONVENIENCE PROD SRL
26
2.8500
123,421,429
8,427,578
370
Tunari, Ilfov
AGROLI DISTRIBUTION SRL
52
2.3000
121,325,108
-794,953
Crevedia, Dambovita
INDUSTRIALIZAREA CARNII (KOSAROM) SA
41
2.5375
121,256,959
732,052
417
Pascani, Iasi
EUROAVI SRL
34
2.6625
120,624,251
910,671
283
Dragalina, Calarasi
3.1750
120,121,951
14,385,594
GOODIES SALES & MARKETING SRL
20 Ceptura De Jos, Prahova
10/27/15 10:32 AM
133

RANKING
BY
COMPANY NAME
TURNOVER
42
43
44
45
46
47
48
49
50
51
52
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
ANGST RO SRL
37
2.6000
119,523,938
7,897,589
478
Buftea, Ilfov
OCEAN FISH SRL
50
2.3250
119,332,001
1,212,393
214
Afumati, Ilfov
NEGRO 2000 SRL
27
2.8250
119,056,129
4,556,052
249
Bucuresti, Sector 4
AGROALIM DISTRIBUTION SRL
51
2.3250
116,248,883 -11,891,487
231
Bucuresti, Sector 6
ROM TRADING COMPANY SRL
17
3.0375
115,550,484
14,821,468
334
Iasi, Iasi
MEDA PROD 98 SA
25
2.9125
113,889,403
5,092,016
504
Bucuresti, Sector 3
AVICOLA FOCSANI SA
38
2.6000
111,878,570
1,129,039
389
Focsani, Vrancea
MARSAT SA
11
3.1375
110,412,481
15,414,771
104
Roman, Neamt
NUTRIMOLD SA
55
2.2625
109,526,163
227,145
68
Iasi, Iasi
BANVIT FOODS SRL
42
2.5250
108,370,709
3,596,234
N/A
Otopeni, Ilfov
BONA AVIS SRL
32
2.7250
107,358,264
5,124,555
340
Ianca, Braila
Sfantu Gheorghe,
Covasna
53
BERTIS SRL
18
3.0375
105,746,524
3,430,004
411
54
55
56
GALLI GALLO SRL
56
2.1625
105,290,707 -10,495,636
277
Codlea, Brasov
AL KASTAL CHARTERING SRL
40
2.5500
105,121,080
1,406,193
22
Crucea, Constanta
RADICSTAR SRL
19
3.0125
104,510,198
6,179,811
223
Stefanesti, Arges

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
LOSS
TURNOVER PROFIT/
2014 (RON)
2014 (RON)
NO, OF
EMPLOYEES
2014
CONTACT
CARGILL AGRICULTURA SRL
10
3.4750
2,326,266,342
-89,221,005
280
Bucuresti, Sector 1
ALFRED C. TOEPFER INTERNATIONAL

(ROMANIA) SRL
4.1375
2,306,044,515
51,792,819
84
Bucuresti, Sector 2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMEROPA GRAINS SA
4.0125
2,205,538,324
20,108,705
212
INTERAGRO SA
3.5750
1,758,258,487
-21,211,329
100
Bucuresti, Sector 2
INTERAGRO SRL
3.6875
1,589,497,294 -161,454,013
1,490
Zimnicea, Teleorman
BRISEGROUP SRL
3.8500
1,277,145,386
4,549,076
388
AGRICOVER SRL
3.7250
1,254,937,571
1,474,088
518
Voluntari, Ilfov
GLENCORE PROTEIN ROMANIA SRL
3.9875
1,203,521,554
6,654,380
47
Bucuresti, Sector 2
NIDERA ROMANIA SRL
3.8000
1,188,731,652
7,812,121
34
Bucuresti, Sector 1
CHS AGRITRADE ROMANIA SRL
3.9875
1,037,119,442
9,843,423
30
Bucuresti, Sector 5
BUNGE DANUBE TRADING SRL
11
3.4250
932,440,419
-8,166,379
41
Buzau, Buzau
AGRO-CHIRNOGI SA
14
3.2875
709,862,468
4,448,878
695
Chirnogi, Calarasi
CEREALCOM DOLJ SA
12
3.4125
620,383,606
15,107,096
295
Segarcea, Dolj
MONSANTO ROMANIA SRL
15
3.2000
478,207,719
75,453,865
139
Voluntari, Ilfov
RODBUN GRUP SRL
18
3.1000
363,099,543
10,506,004
391
Bucuresti, Sector 6
ZOO SINTEX SRL
19
3.0750
354,230,563
3,140,021
64
Independenta, Calarasi
AGRICOST SRL
16
3.1875
334,231,479
67,663,800
1,007
Braila, Braila
PROMAT COMIMPEX SRL
13
3.3625
267,418,834
28,851,318
47
Tasnad, Satu Mare
PIONEER HI-BRED ROMANIA SRL
17
3.1750
248,569,757
11,728,643
19
Ganeasa, Ilfov
PLANTAGRO-COM SRL
32
2.7000
246,809,669
7,226,364
120
Vaslui, Vaslui
ACTIV BUNKER OIL SRL
N/A
N/A
214,022,502
6,067,366
36
AGROIND CAUACEU SA
33
2.7000
210,386,835
5,599,712
115
Biharia, Bihor
PIONEER HI - BRED SEEDS AGRO SRL
29
2.8250
209,850,922
17,775,316
111
Ganeasa, Ilfov
COMCEREAL SA
38
2.4625
209,333,530
-36,115,480
459
Vaslui, Vaslui
10/27/15 10:32 AM
134
MCR AGRICULTURE

RANKING
BY
COMPANY NAME
TURNOVER
25
26
27
28
29
30
31
32
33
34
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
LOSS
TURNOVER PROFIT/
2014 (RON)
2014 (RON)
NO, OF
EMPLOYEES
2014
CONTACT
23
2.9500
203,821,649
1,429,855
107
Carei, Satu Mare
N/A
N/A
192,884,473
3,434,037
21
Buzau, Buzau
SOUFFLET MALT ROMANIA SA
39
2.4250
185,515,287
10,001,072
25
Buzau, Buzau
CARCO GRUP SRL
20
3.0500
178,641,684
3,786,206
BRISE AGRICULTURA SA
30
2.8250
178,105,428
1,460,099
119
Slatina, Olt
POPASUL TREBES SRL
41
2.3625
172,728,110
12,133,546
48
Margineni, Bacau
LTA MONDIAL SRL
26
2.8875
167,231,137
6,955,355
60
PRUTUL AGRI TRADE SRL
35
2.6125
163,711,625
143,622
19
Bucuresti, Sector 1
DAFCOCHIM SRL
25
2.9250
151,533,185
9,294,724
44
Targu Mures, Mures
AGRINVEST SRL
27
2.8875
143,318,587
9,862,055
120
Buzau, Buzau
ARDEALUL TRADING SRL

SOUFFLET AGRO ROMANIA SRL
35
CEREALE COLECT DISTRIBUTION SRL
36
37
38
39
40
41
42
43
44
45
46
47
COMCEREAL SA
21
3.0500
131,968,234
8,477,655
19
Mihail Kogalniceanu,
Tulcea
24
2.9500
127,491,697
5,519,481
242
Focsani, Vrancea
N/A
N/A
121,157,252
512,215
69
Craiova, Dolj
NUTRIROM SRL
36
2.4875
120,960,946
101,217
Iasi, Iasi
EUROSILOZ SA
31
2.7625
120,073,008
6,386,400
81
Alexandria, Teleorman
AGRIGROS SRL
37
2.4875
117,675,851
47,155
25
Timisoara, Timis
PROVIMI ROMANIA SRL
42
2.3625
116,138,249
668,857
43
Ardud, Satu Mare
N/A
N/A
114,084,123
1,203,631
11
INTERCEREAL SA
34
2.6625
111,676,929
9,489,649
350
Movila, Ialomita
COMCEREAL SA
22
3.0000
108,695,438
3,129,891
211
Botosani, Botosani
KWS SEMINTE SRL
43
2.2000
108,527,756
-3,383,393
104
Bucuresti, Sector 1
OLTYRE SRL
40
2.3875
107,544,378
7,517,666
98
Segarcea, Dolj
DINAMICA IMPEX SRL
28
2.8875
102,534,691
3,051,607
133
Bucuresti, Sector 1
ANNUAL
LOSS
TURNOVER PROFIT/
2014 (RON)
2014 (RON)
NO, OF
EMPLOYEES
2014
CONTACT
SCHWAB AGRO PROD SRL

EUROVIA AGRO SRL

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
RANKING
BY MCR
SCORING
MCR
SCORING
24
1.9875
174,149,741
-54,394,406
Posta Calnau, Buzau
LUCO FRUCHT MARKETING SRL
2.9500
172,396,069
6,028,146
51
Stefanestii De Jos, Ilfov
AGER FRUIT SRL
2.5750
149,620,191
-4,318,684
117
Voluntari, Ilfov
G&A FRUIT BUSINESS SRL
2.8000
124,928,117
73,214
Bucuresti, Sector 3
EFES EXPORT SRL
2.5750
121,233,345
578,259
145
Maracineni, Arges
HORTIFRUCT SRL
14
2.3250
114,968,866
146,771
91
Bucuresti, Sector 4
OZR FRUIT SRL
2.8000
109,202,790
3,441,818
43
Targu Mures, Mures
ALGIDA CENTER SRL
2.4500
100,955,335
710,492
93
Ganeasa, Ilfov
ALFREDO FRESH SRL
25
1.9500
94,497,490
-1,370,917
80
Afumati, Ilfov
GEMARCO INDUSTRY SRL
CONTEC FOODS SRL

E.N.B. SRL
ORLANDO IMPORT - EXPORT 2001 SRL
GOLDEN BANANA SRL
2.4750
93,162,826
6,349,551
527
Afumati, Ilfov
18
2.2625
74,166,312
529,558
69
Medgidia, Constanta
15
2.3250
72,327,794
903,269
185
Clinceni, Ilfov
N/A
N/A
67,067,194
2,283,663
11
Bucuresti, Sector 3
2.5750
62,109,891
2,162,138
181
Ramnicu Valcea, Valcea
14
ANNABELLA FABRICA DE CONSERVE

RAURENI SRL
15
16
LUCIDIUS SRL
10
2.4250
61,916,632
467,670
33
Bucuresti, Sector 2
AVA 3 COMPANY SRL
11
2.4250
61,129,479
629,397
47
Curtici, Arad
10/27/15 10:32 AM
135

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
LOSS
TURNOVER PROFIT/
2014 (RON)
2014 (RON)
NO, OF
EMPLOYEES
2014
CONTACT
17
18
19
20
21
22
23
24
KAREMA FRUCT SRL
20
2.1750
51,687,814
3,409,192
12
Pantelimon, Ilfov
EGE NUT TRADE SRL
N/A
N/A
51,422,437
67,311
Maracineni, Arges
23
2.1125
50,828,577
553,033
40
Crevedia, Dambovita
2.5500
49,985,449
3,186,878
18
Afumati, Ilfov
AGRICANTUS SRL
ALL FRUITS FRESH PRODUCT SRL
N/A
N/A
46,028,368
936,646
Afumati, Ilfov
BOGLAR CHAMP SRL
21
2.1375
45,698,711
2,224,143
224
Nusfalau, Salaj
WEST FRUTA SRL
16
2.3250
44,728,750
1,327,803
61
Oradea, Bihor
GOLDEN FOODS SNACKS SRL
27
1.8625
44,196,644
583,461
29
Popesti Leordeni, Ilfov
25
SAHPROD METEOR SRL
19
2.2625
43,405,217
93,004
135
Prahova
26
27
28
29
30
31
PIEMONTANA LOGISTIC SRL
17
2.3000
41,952,502
25,981
36
Dumbravita, Timis
MERSAN DISTRIBUTION SRL
N/A
N/A
39,963,216
-123,085
Voluntari, Ilfov
LEOSER SA
26
1.9500
34,829,792
-4,586,068
169
Popesti Leordeni, Ilfov
MIB PRODCOM SRL
22
2.1375
32,075,505
2,124,397
95
Cluj-Napoca, Cluj
FRESH PLAZA SRL
12
2.4250
31,071,578
767,310
13
Stefanestii De Jos, Ilfov
STAR PROD EXPRES SRL
13
2.4250
30,780,275
1,794,233
29
Sintesti, Ilfov
BANAN ELITE IMPEX SRL
10/27/15 10:32 AM
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FMCG
WATER AND SOFT DRINKS
BEER
WINE
SPIRITS
COFFEE AND TEA
COCOA, CHOCOLATE AND CONFECTIONERY
SUGAR
CONDIMENTS AND SEASONING
OILS AND FATS
DAIRY PRODUCTS
GRAIN MILL PRODUCTS AND STARCHES
TOBACCO
HOME AND PERSONAL CARE
137 garda FMCG.indd 137
10/27/15 8:44 PM
138
MCR FMCG
138-140 opinie caroli.indd 138
10/27/15 10:36 AM
139
INTERVIEW
2016 BRINGS FOOD

INDUSTRY GROWTH,
FOLLOWING THE EXPECTED
GENERAL VAT CUT
Khaled el Solh, CEO, Caroli Foods Group
1.
What did the year 2014 represent for the

food industry and especially for the meat
industry?
In terms of food industry, a huge increase in
consumer confidence boomed from December 2014
lead to greater loyalty towards higher priced brands.
In 2014 the FMCG market experienced a slight
decline. Despite the fact that non-food categories
grew, this was offset by the declining beverages, both
alcoholic and non-alcoholic.
Modern trade continued to grow in
2014. For the first time in several years,
the main driver were not discounters as
in 2015, but supers and hypers.
Supermarkets
in
specific
have
significantly grown, both numerically
and in importance.
As for the processed meat market, this
is currently stable in volume, but 2014
meant a year of stagnation for cold cuts.
The growing segments based on volume
are salami, ham and frankfurters.
How was 2014 in terms of
competition on your market?
The cold cuts market is always
a dynamic one, under permanent
change. Customers pay a lot more
attention to what they are buying and the challenge is
to keep up with their expectations and with the trends
of the industry. We are focusing on anticipating their
needs and exceeding their expectations. We have been
doing so for as long as we know and 2014 made no
exception. We have been at the core of the industry for
2.
over two decades now, and have witnessed various

changes. Nevertheless, we have always operated under
solid actions, meeting the requirements of both the
industry and our customers. In time, we have managed
to adapt and grow rapidly, staying aware of the
markets variation and not neglecting our business
objectives. Big players continued to be aggressive in
terms of advertising. Small producers are starting to
lose share because of the investments made in
technology and advertising by the big
players.
2014 brought a VAT cut for
the bakery industry. Have you
seen any impact on your
industry? 2015 brought a lower VAT
rate for the food industry. What is the
outlook for 2016, when we are
expecting a general VAT rate cut?
The VAT cut for the bakery industry
did not impact significantly or directly
the meat industry, but it indicates that
the decrease will boost the meat
consumption and also decrease the
black market. The forecast for 2016 is
very positive, namely maintaining the
increase of the market after the VAT cut.
Has the post-crisis period
begun for your industry? Can
we expect Caroli Foods Group
to function at its full capacities again?
Our perseverance and our commitment to develop
the best products for our consumers were proved
every day through the quality of our products and
THE EFFECTS OF
THE FOOD VAT
REDUCTION CAN
UNDOUBTEDLY BE
POSITIVE,
PROVIDED THAT
THE DECREASE IN
FOOD PRICES
PROVES TO BE A
LONG-TERM ONE.
3.
4.
10/27/15 10:36 AM
140
MCR FMCG
services. Our care for consumers always kept us

responsible and committed. Therefore, despite
market/ social fluctuations, we have always kept on
finding adjustable solutions to stay competitive on the
market and in front of our consumers.
Many economic indicators are on a positive trend.
GDP growth estimated for 2015 is 2.4% (source
Eurostat, INSSE). Post crisis effects are seen in the
media, it is the third year of growth for online, TV and
OOH and we have noticed that pragmatism in on an
ascending trend.
We are currently working at very high capacity
utilization in our factory in Pitesti. As a result of the
success of our campaign advertising the high meat
content of our products, the cut in VAT and the
growing trend on the market in terms of meat
consumption, we take into consideration
reopening our conserved factory in
Tulcea. Nonetheless, these are actions
we have always considered, following
the trends of the market imposed by our
consumers.
Have you seen any significant
mergers & acquisitions in
Romania in 2014? Do you
expect any in 2015-2016? What does a
clean market mean for your industry
The year 2014 was one of growth and
investments. The market focused on
acquiring new technologies, and also the
safety and the quality of the products
were in the spotlight. Top players on the
market concentrated their efforts
towards better answering their consumers demands,
and regarding the meat industry there were no
relevant mergers and acquisitions. However, we are
confident that the market will mature and will be
consolidated. Now there are more than 300 players on
the market, where top 10 represents less than 50% of
the market share. A clean market represents the place
where loyal competition is encouraged, where all
competitors fully understand and respect the
regulatory rules of the industry in matter. Also, a clean
market refers to a healthy and constructive
relationship with the consumers, shoppers &
customers, suppliers and all business partners.
What does Caroli Foods Group represent
for Romania in terms of employees,
turnover and research?
Caroli Foods Group represents a stable work
environment where employees can grow and develop
5.
6.
skills that can improve their work. More than half of our
employees have been together with us for almost six
years now. And in matters of turnover, we are dealing
with normal situations on the operational zone.
Regarding the food industry, how have you
perceived 2015 so far and what is your
vision for the rest of the year?
2015 was a great year in terms of the consumers
engagement with our brand, which gave us the
opportunity of coming up with innovative recipes on
the market, thus meeting our consumers expectations.
Certainly, the last couple of months until the end of
the year will help us consolidate what we have achieved
so far. As of June 1st 2015, the Romanian Government
reduced the VAT rate applied to agri-food products
from the general rate of 24% to 9%. According to a
survey conducted by market researcher
Nielsen, the VAT cut on food items has
triggered an average price decrease of
11%. The effects of the food VAT
reduction, be they economic or social,
can undoubtedly be positive, provided
that the decrease in food prices proves
to be a long-term one.
How would you describe a
good year for Caroli Foods
Group?
I could describe a good year for Caroli
from 2 perspectives: personally and
company related.
Related to the company, a good year
for Caroli Foods Group is a year when all
the established company targets are
overachieved. Moreover, we highly value a year in
which we are recognized as a preferred brand by more
and more consumers choosing Caroli Foods Group
brands with a positive impact in our market shares.
From a personal point of view, the road to the results
is important, as well the quality time together, not
only the results. A successful year for me is represented
by the satisfaction index of my team, my customers
and all business partners. Success means how quickly
we accomplish those goals, how we could increase the
revenue, gaining more customers, improving the
profitability of our brands, finishing our projects on
time, within the budget, and to the complete
satisfaction of the beneficiaries of our projects. We put
a great deal of efforts into adding value, into building
the trust of our consumers and customers and we will
continue to generate a high satisfaction to all our
business partners.
7.
SMALL
PRODUCERS ARE
STARTING TO LOSE
SHARE BECAUSE
OF THE
INVESTMENTS
MADE IN
TECHNOLOGY AND
ADVERTISING BY
THE BIG PLAYERS.
8.
10/27/15 10:36 AM
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10/27/15 10:37 AM
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MCR FMCG
WATER AND SOFT DRINKS

RANKING
BY
COMPANY NAME
TURNOVER
COCA-COLA HBC ROMANIA SRL
TRANSILVANIA GENERAL
IMPORT-EXPORT SRL
3
4
RANKING
BY MCR
SCORING
1
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
4.1875 1,831,649,673 127,519,685
1,546
Voluntari, Ilfov
2,349
Oradea, Bihor
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
N/A
N/A
QUADRANT AMROQ BEVERAGES SRL
3.4750
611,188,577
3,413,225
761
Bucuresti, Sector 4
ROMAQUA GROUP SA
3.2500
561,015,428
11,498,758
1,895
Bucuresti, Sector 1
TYMBARK MASPEX ROMANIA SRL
3.2250
300,838,592
22,195,628
950
Valenii de Munte,
Prahova
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
EUROPEAN DRINKS SA
GLOBAL AQUA INVEST SA
819,377,668
-13,098,755
12
2.3500
292,881,331
-22,301,041
726
Stei, Bihor
N/A
N/A
183,747,178
-29,613,177
15
Posta Calnau, Buzau
2.8500
151,989,306
8,346,009
612
Bucuresti, Sector 1
13
2.3000
134,747,157
1,056,179
49
Vatra Dornei, Suceava
2.6000
107,786,847
11,722,226
543
Bucuresti, Sector 2
COCA-COLA ROMANIA SRL
14
2.3000
69,553,208
43,787,253
26
Bucuresti, Sector 1
CARPATHIAN SPRINGS SA
22
1.7625
69,434,968
331,536
117
ALCONOR COMPANY SRL
19
2.0125
68,973,256
1,701,052
221
Carei, Satu Mare
PERLA HARGHITEI SA
10
2.4125
67,998,687
2,270,257
308
Sancraieni, Harghita
RIENI DRINKS SA
20
1.9500
67,533,115
1,014,671
99
Rieni, Bihor
AZUGA WATERS SRL
21
1.8875
62,748,262
29,698
149
Voluntari, Ilfov
RIO BUCOVINA SRL

VALVIS HOLDING DISTRIBUTION SA
LA FANTANA SRL
2.4250
56,632,315
2,270,791
46
Bucuresti, Sector 3
APEMIN ZIZIN SA
11
2.3875
48,566,954
1,511,058
118
Tarlungeni, Brasov
GAMA & GAMA NR. 1 SRL
15
2.2625
46,932,366
-174,595
89
Culciu, Satu Mare
2.4375
46,069,689
598,138
51
Voluntari, Ilfov
EDRINKS.RO SRL
18
2.1375
44,770,112
237,559
113
Chiajna, Ilfov
PARMALAT ROMANIA SA
16
2.2625
40,132,543
194,728
86
Tunari, Ilfov
APEMIN TUSNAD SA
2.5125
37,154,570
2,863,285
145 Tusnadu Nou, Harghita
CUMPANA 1993 SRL
17
2.1625
36,100,895
1,098,367
373
Bucuresti, Sector 1
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
RED BULL ROMANIA SRL
PERLA COVASNEI SA
BEER
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
1
2
3
4
URSUS BREWERIES SA
3.7500 1,416,189,433
7,604,060
1,490
Bucuresti, Sector 2
HEINEKEN ROMANIA SA
4.0000 1,084,830,083 159,306,353
1,147
Bucuresti, Sector 1
BERGENBIER SA
2.6000
465,561,401 -104,249,337
665
Voluntari, Ilfov
CARLSROM BEVERAGE CO SRL
2.7875
380,279,066
-6,923,260
404
Pantelimon, Ilfov
UNITED ROMANIAN BREWERIES

BEREPROD SRL
2.7875
251,187,078
-46,345,883
291
Pantelimon, Ilfov
6
7
8
9
BERE BAUTURI BUCURESTI SA
2.6375
105,865,355
5,702,607
200
Glina, Ilfov
ALBRAU PROD SA
2.7000
37,372,687
1,259,782
94
Bucuresti, Sector 1
MARTENS SA
2.1250
35,254,087
482,290
132
Galati, Galati
BERMAS SA
2.4250
23,413,208
1,108,704
194
Scheia, Suceava
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
WINE
RANKING
BY
COMPANY NAME
TURNOVER
1
2
142-148 tabele fmcg.indd 142
RANKING
BY MCR
SCORING
MURFATLAR ROMANIA SA
2.2000
112,853,343
-29,300,727
231
Murfatlar, Constanta
COTNARI SA
2.9750
111,203,672
28,545,422
335
Cotnari, Iasi
10/29/15 6:16 PM
143
WINE
RANKING
BY
COMPANY NAME
TURNOVER
3
4
5
6
7
8
9
10
11
12
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
JIDVEI SRL FILIALA ALBA
2.5750
100,899,649
10,795,216
147
Jidvei, Alba
CRAMELE RECAS SA
2.5750
90,169,206
19,598,041
104
Recas, Timis
CRAMELE RECAS GROUP SRL
2.4250
55,880,877
4,033,464
34
Recas, Timis
ANGELLI SPUMANTE & APERITIVE SRL
2.2625
53,706,692
1,099,351
86
Bucuresti, Sector 6
VINCON VRANCEA SA
2.5375
52,077,865
2,206,247
429
Focsani, Vrancea
ZAREA SA
2.3125
50,965,022
1,748,612
139
Bucuresti, Sector 1
VINEXPORT TRADE-MARK SA
CRAMELE HALEWOOD SA
DOMENIILE VITICOLE TOHANI SRL
BUDUREASCA SRL
2.0750
35,723,441
252,567
103
Focsani, Vrancea
11
1.6375
33,772,524
-2,085,518
136
Bucuresti, Sector 1
10
1.9500
31,011,269
576,067
85 Gura Vadului, Prahova
N/A
N/A
15,073,539
260,524
30 Gura Vadului, Prahova
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
SPIRITS
RANKING
BY
COMPANY NAME
TURNOVER
1
2
RANKING
BY MCR
SCORING
B.D.G. IMPORT SRL
2.9500
176,962,570
12,157,845
99
Bucuresti, Sector 2
PERNOD RICARD ROMANIA SRL
2.7375
127,287,398
2,223,136
35
Bucuresti, Sector 4
10/29/15 6:16 PM
144
MCR FMCG
SPIRITS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Otopeni, Ilfov
3
4
5
6
7
8
9
ALEXANDRION GRUP ROMANIA SRL
2.2000
105,095,392
8,164,493
187
GRANDDIS SRL
2.4875
100,166,894
-615,331
50
Cernica, Ilfov
BARTENDERS DISTILLERIES SRL
N/A
N/A
59,018,397
-846,798
Bucuresti, Sector 1
PRODALCOM DISTRIBUTION SRL
2.5125
50,407,204
738,113
74
Botosani, Botosani
Oradea, Bihor
10
1.8250
42,295,187
-9,101,654
226
PRODAL 94 SRL
2.0125
29,998,101
-1,906,767
90
Cernica, Ilfov
PRODVINALCO SA
2.2000
27,995,290
948,951
94
Cluj-Napoca, Cluj
10
BROWN-FORMAN WORLDWIDE, L.L.C.

WILMINGTON SUC
1.9250
26,857,895
3,138,511
Bucuresti, Sector 5
11
ALCOPROD SERVICE SA
2.7000
23,902,728
2,367,497
96
Urziceni, Ialomita
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
SCANDIC DISTILLERIES SA
COFFEE AND TEA

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
Bucuresti, Sector 3
www.strauss.ro
+40 21 272 1500
MARIUS MELESTEU
General Manager
STRAUSS ROMANIA SRL
MCR SCORING: 2.7625

PROFIT/ LOSS 2014 (RON): 5,346,510
CAFEA FORTUNA SRL
2.8875
137,558,961
22,910,897
140
Dragomiresti-Deal,
Ilfov
3
4
5
6
7
8
TCHIBO BRANDS SRL
2.3000
96,418,367
842,429
25
Bucuresti, Sector 1
FARES TRADING SRL
2.5375
81,614,379
214,774
285
Orastie, Hunedoara
ZOZO CAFE DISTRIBUTION SRL
2.3625
81,054,676
642,084
12
Bucuresti, Sector 3
ALKA CO. SRL
2.1000
71,139,208
815,442
282
Bucuresti, Sector 1
LABORATOARELE FARES BIO VITAL SRL
2.5375
56,170,624
13,538,403
300
Orastie, Hunedoara
PARTENER COFFEE SERVICES SRL
2.7625
45,373,464
5,706,133
60
Bucuresti, Sector 6

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
14
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
MONDELEZ ROMANIA SA
3.6375
714,095,279
41,517,593
233
Bucuresti, Sector 2
NESTLE ROMANIA SRL
3.6000
644,948,823
9,591,566
923
Bucuresti, Sector 2
STAR FOODS E.M. SRL
3.6000
408,555,114
27,150,611
727
Bucuresti, Sector 4
19
2.5000
319,467,146
-51,892,434
1,125
Oradea, Bihor
CHIPITA ROMANIA SRL
3.1000
312,523,357
20,893,499
818
Clinceni, Ilfov
DR. OETKER RO SRL
3.5375
278,443,756
27,804,556
478 Curtea de Arges, Arges
EUROPEAN FOOD SA
11
2.9125
270,777,503
-2,073,853
520
SECA DISTRIBUTION SRL
3.3500
252,942,061
4,162,881
479
Ploiesti, Prahova
FERRERO ROMANIA SRL
18
2.6500
234,775,745
6,494,061
N/A
Bucuresti, Sector 1
D.R.I.M. DANIEL SRL
14
2.8500
219,458,252
6,538,995
440
Pitesti, Arges
MARS ROMANIA SRL
3.2000
213,072,555
19,499,926
74
Bucuresti, Sector 1
WRIGLEY ROMANIA SRL
15
2.8250
208,528,740
44,869,281
162
Bucuresti, Sector 1
KANDIA DULCE SA
20
2.4750
183,974,883
-4,581,487
493
Bucuresti, Sector 5
3.0750
180,498,968
6,102,603
200
Bucuresti, Sector 3
INTERSNACK ROMANIA SRL
NORDIC IMPORT EXPORT CO SRL
Bucuresti, Sector 3
10/29/15 6:16 PM
145

RANKING
BY
COMPANY NAME
TURNOVER
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
ECUATOR SRL
12
2.8875
137,654,739
1,112,635
177
Ipotesti, Suceava
ALKA TRADING CO SRL
13
2.8875
131,553,767
884,500
229
Bucuresti, Sector 1
DOBROGEA GRUP SA
22
2.4125
130,525,608
-7,372,995
614
AGRIROM SRL
17
2.7000
128,677,123
996,604
163
Arad, Arad
Onesti, Bacau
3.1375
115,045,963
27,464,796
244
PURATOS PROD SRL
10
2.9500
106,651,682
4,531,640
146
Tunari, Ilfov
SAMMILLS DISTRIBUTION SRL
29
1.9500
97,224,716
388,225
172
Apahida, Cluj
ROMPAK SRL
24
2.3875
96,042,956
16,492,268
204
Pascani, Iasi
BETTY ICE SRL
23
2.4125
87,509,466
8,544,615
696
Suceava, Suceava
HEIDI CHOCOLAT SA
28
2.1625
84,925,790
252,147
383
Pantelimon, Ilfov
PHOENIXY SRL
16
2.7250
82,665,450
11,621,267
275
Baicoi, Prahova
TOP GEL PROD SRL
21
2.4750
82,337,303
14,724,503
626
Carcea, Dolj
TECSA BUSINESS SRL
26
2.3500
74,583,103
5,056,458
593
Bucuresti, Sector 3
FARINSAN SA
25
2.3875
72,902,091
1,349,546
170
Comana, Giurgiu
EXPERTAROM FOOD INGREDIENTS SRL
27
2.2625
70,585,108
4,094,580
186
Sibiu, Sibiu
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
CROCO SRL
SUGAR
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
RANKING
BY MCR
SCORING
AGRANA ROMANIA SA
3.2125
955,742,303
-65,216,952
466
Bucuresti, Sector 1
ZAHARUL ORADEA SA
2.8500
361,535,503
-69,338,376
285
Oradea, Bihor
AGRANA BUZAU SRL
2.4875
226,509,365
-1,249
19
Buzau, Buzau
N/A
N/A
184,897,939
-24,896,568
217
Ludus, Mures
TEREOS ROMANIA SA
Bod, Brasov
http://fabricadezaharbod.ro/
+40 268 28 3459

IOAN URDEA
General Manager
FABRICA DE
ZAHAR BOD SA
MCR SCORING: 1.7875

PROFIT/ LOSS 2014 (RON): -6,397,552
6
7
8
9
1.6125
52,550,677
-22,732,625
32
Bucuresti, Sector 1
N/A
N/A
21,757,637
540,285
271
Braila, Braila
ZAHAR CORABIA SA
1.7625
15,637,835
-6,912,428
104
Corabia, Olt
LEMARCO CRISTAL SRL
1.6375
10,615,806
-13,845,396
208
Urziceni, Ialomita
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
LEMARCO SA
FRONTERA TRADING SRL

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
RANKING
BY MCR
SCORING
SOCIETATEA NATIONALA A SARII SA
3.2500
277,371,582
32,647,642
1,751
Bucuresti, Sector 1
SUPREMIA GRUP SRL
2.7250
155,758,920
4,996,686
260
Alba Iulia, Alba
ION MOS SRL
2.8250
102,383,616
10,585,397
160
Chiajna, Ilfov
FUCHS CONDIMENTE RO SRL
2.2000
74,679,885
1,555,407
ALEX & COMP SRL

DOHLER ROMANIA SRL
KAMIS - CONDIMENTE SRL
2.4125
58,643,234
1,834,989
254
11
2.0500
39,005,415
-31,692
28
Chiajna, Ilfov
2.4250
37,338,079
4,303,643
46
Bucuresti, Sector 6
Vanatori, Galati
10/29/15 6:16 PM
146
MCR FMCG

RANKING
BY
COMPANY NAME
TURNOVER
KRALEX FOOD SOLUTIONS

TECHNOLOGY SRL
9
10
11
12
13
COMPANIA INDIILOR ORIENTALE PROD SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
2.3000
24,661,997
2,130,672
12 Stefanestii de Jos, Ilfov
CONTACT
2.7000
20,964,085
2,497,778
79
N/A
N/A
14,651,550
62,916
62
Sibiu, Sibiu
10
2.1750
14,236,723
348,067
27
Targu Mures, Mures
KOTANYI CONDIMENTE SRL
2.4250
6,727,287
381,474
10
Bucuresti, Sector 1
CONDIMENTE ROMANIA SRL
12
2.0500
2,735,450
226,568
11
Bucuresti, Sector 4
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
SITEMANI SRL
PACOVIS ROMANIA SRL
Pantelimon, Ilfov
OILS AND FATS

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
RANKING
BY MCR
SCORING
BUNGE ROMANIA SRL
3.6625 1,258,063,373
-63,173,371
292
Voluntari, Ilfov
EXPUR SA
3.4750
-19,170,304
518
Bucuresti, Sector 5
PRUTUL SA
3.2875
745,775,493
1,805,284
555
Bucuresti, Sector 1
ARDEALUL SA
2.9750
228,562,055
17,461,905
280
Carei, Satu Mare
ARGUS SA
2.8125
176,432,944
3,501,852
230
ORKLA FOODS ROMANIA SA
2.9500
100,743,218
22,367,118
202
Bucuresti, Sector 1
ULEROM SA
1.7000
74,692,880
-31,688,258
136
Vaslui, Vaslui
MANDRA SA
2.1375
66,479,927
835,790
103
Barlad, Vaslui
PRIO EXTRACTIE SRL
1.8250
61,327,547
-82,639,659
149
Lehliu-Gara, Calarasi
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1,098,758,653
DAIRY PRODUCTS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
ALBALACT SA
3.4500
474,909,116
14,285,763
617
Galda de Jos, Alba
DANONE - PRODUCTIE SI DISTRIBUTIE DE

PRODUSE ALIMENTARE SRL
2.9750
456,334,128
-16,694,846
494
Bucuresti, Sector 2
3
4
5
6
7
8
9
FRIESLANDCAMPINA ROMANIA SA
2.7250
400,636,460
-43,634,682
440
Cluj-Napoca, Cluj
10
2.6625
304,736,719
619,166
312
Halchiu, Brasov
DELACO DISTRIBUTION SA
3.4750
259,330,547
9,048,039
366
Codlea, Brasov
NAPOLACT SA
2.7250
227,924,588
-6,347,410
259
Cluj-Napoca, Cluj
FABRICA DE LAPTE BRASOV SA (OLYMPUS)
3.2250
217,629,937
15,900,880
334
Sighisoara, Mures
DORNA LACTATE SA
17
2.3500
181,357,409
-11,051,604
465
Bucuresti, Sector 1
INDUSTRIALIZAREA LAPTELUI MURES SA
19
2.1625
172,050,373
-1,568,735
255
Targu Mures, Mures
10
COVALACT SA
12
2.6000
155,513,873
-2,695,889
344
Sfantu Gheorghe,
Covasna
11
12
13
14
15
16
17
SIMULTAN SRL
18
HOCHLAND ROMANIA SRL
3.0125
106,142,404
8,594,960
217
Ortisoara, Timis
N/A
N/A
91,336,441
-1,099,631
50
Timisoara, Timis
KALLAS - PAPADOPOULOS ROMANIA SRL
15
2.4250
74,871,800
764,819
11
Mogosoaia, Ilfov
LACTAG SA
16
2.4000
71,858,927
2,650,035
493
Costesti, Arges
DANONE BABY NUTRITION ROMANIA SRL
14
2.5500
66,932,624
2,843,653
47
Bucuresti, Sector 1
JACKMORIS DISTRIBUTION SRL
22
1.9250
65,304,158
-5,014,009
11
Crevedia, Dambovita
EUROCAS-TEHNICA ALIMENTARA SRL
11
2.6375
60,226,714
2,553,250
86
Lugoj, Timis
CARMO-LACT PROD SRL
18
2.3250
59,247,381
800,716
185
Monor,
Bistrita-Nasaud
SOLE MIZO ROMANIA SRL
10/29/15 6:16 PM
147
DAIRY PRODUCTS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
19
20
21
22
23
ALMERA INTERNATIONAL SRL
2.7625
59,219,034
4,715,471
178
Galati, Galati
LACTO FOOD SRL
2.7000
58,938,723
3,543,798
51
Sofronea, Arad
GORDON-PROD SRL
13
2.5750
58,696,646
6,334,013
198
Lupeni, Harghita
MULLER DAIRY RO SRL
20
1.9500
57,226,975
-9,894,971
63
Bragadiru, Ilfov
DORNA SA
21
1.9500
53,977,988
-284,255
121
24
RARAUL SA
23
1.8250
51,487,102
-5,660,410
216
Campulung
Moldovenesc, Suceava
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
GRAIN MILL PRODUCTS AND STARCHES

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
1
2
SAM MILLS SRL
2.7000
407,480,400
2,974,976
205
Botiz, Satu Mare
TITAN SA
2.8500
311,198,756
-13,232,830
924
Pantelimon, Ilfov
VEL PITAR SA
3.2500
305,238,335
7,152,164
2,433
BOROMIR IND SRL
10
2.6000
239,695,831
2,252,897
647
SAPTE SPICE SA
2.7875
221,632,594
-3,881,382
416
6
7
8
9
10
11
12
13
14
15
16
17
18
19
PAMBAC SA
Ramnicu Valcea,
Valcea
Ramnicu Valcea,
Valcea
Ramnicu Valcea,
Valcea
2.8500
171,316,469
7,459,141
518
Bacau, Bacau
14
2.2500
132,330,715
-660,001
228
Sibiu, Sibiu
M.P. BANEASA - MOARA SA
2.6375
113,279,398
2,051,564
71
Buftea, Ilfov
OLTINA IMPEX PROD COM SRL
2.7250
105,210,502
4,547,975
315
Urlati, Prahova
BOROMIR PROD SA
2.8250
103,222,048
3,931,841
492
Buzau, Buzau
FORNETTI ROMANIA SRL
2.6625
103,093,850
2,500,164
418
Satchinz, Timis
MOARA CIBIN SA
N/A
N/A
93,735,837
-252,370
48
Bucuresti, Sector 5
ATIFCO FINE FOOD SRL
13
2.2625
93,385,508
3,659,933
91
Bragadiru, Ilfov
TRANS AGAPE SRL
11
2.6000
85,133,355
5,205,530
398
Sibiu, Sibiu
ROQUETTE ROMANIA SA
18
1.8250
84,956,169
-10,500,254
130
Calafat, Dolj
AGFD TANDAREI SRL
16
1.8875
76,671,198
-221,887
124
Tandarei, Ialomita
MOPAN SA
17
1.8500
75,395,508
667,854
639
Vaslui, Vaslui
MIRALEXA COMERCIAL SRL
12
2.5500
71,837,958
3,348,908
24
Cogealac, Constanta
EUROPAN SRL
15
2.0125
62,555,885
191,159
249
Sarmasag, Salaj
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
RISO SCOTTI DANUBIO SRL
TOBACCO
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
BRITISH AMERICAN TOBACCO (ROMANIA)

TRADING SRL
4.3500 6,913,121,466 430,174,493
654
Bucuresti, Sector 1
2
3
4
J.T. INTERNATIONAL (ROMANIA) SRL
4.4125 2,952,742,719
71,762,585
621
Bucuresti, Sector 2
PHILIP MORRIS TRADING SRL
3.6000 2,124,666,980
-4,124,574
279
Otopeni, Ilfov
JT INTERNATIONAL MANUFACTURING SA
3.4125
545,206,027
28,849,850
260
Bucuresti, Sector 2
M. TABAC SRL
3.2000
254,046,971
2,110,989
64
Miercurea Ciuc,
Harghita
BRITISH - AMERICAN TOBACCO ROMANIA

INVESTMENT SRL
2.5375
179,121,225
5,900,804
560
Ploiesti, Prahova
7
8
PHILIP MORRIS ROMANIA SRL
2.6625
165,938,490
25,602,594
559
Otopeni, Ilfov
HTS HONGTA SERVICES SRL
3.0500
148,079,002
1,845,421
32
Bucuresti, Sector 2
10/29/15 6:16 PM
148
MCR FMCG
HOME AND PERSONAL CARE

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 2
1
2
3
4
5
6
7
8
9
10
11
12
13
PROCTER & GAMBLE DISTRIBUTION SRL
4.2375 1,289,581,233
24,251,954
42
UNILEVER SOUTH CENTRAL EUROPE SA
3.6000
827,116,507
4,640,683
252
Ploiesti, Prahova
AVON COSMETICS (ROMANIA) SRL
3.6625
474,006,538
59,040,323
312
Bucuresti, Sector 2
RECKITT BENCKISER ROMANIA SRL
3.2625
297,648,226
14,958,767
130
Bucuresti, Sector 1
L`OREAL ROMANIA SRL
3.5750
277,840,947
28,680,688
152
Bucuresti, Sector 1
COLGATE-PALMOLIVE (ROMANIA) SRL
3.0750
248,149,251
8,640,503
76
Bucuresti, Sector 2
10
3.0250
219,130,201
14,231,933
N/A
Bucuresti, Sector 4
SARANTIS ROMANIA SA
3.2000
184,303,367
17,679,240
JOHNSON WAX SRL
3.0500
155,454,649
4,136,228
34
FARMEC SA
17
2.7875
152,101,612
9,332,426
624
Cluj-Napoca, Cluj
SCA HYGIENE PRODUCTS SRL
23
2.5500
145,577,363
-625,797
25
Bucuresti, Sector 1
DETERGENTI SA
13
2.9125
144,720,010
17,833,962
506
Timisoara, Timis
COSMETICS ORIFLAME ROMANIA SRL
11
3.0250
132,224,664
5,771,499
N/A
Bucuresti, Sector 1
14
PROCTER & GAMBLE MARKETING

ROMANIA SRL
14
2.9125
125,333,820
8,475,096
346
Bucuresti, Sector 2
15
16
17
18
19
20
21
22
23
24
25
BELLA ROMANIA IMPEX SRL
BEIERSDORF ROMANIA SRL
Bucuresti, Sector 2
3.0750
117,758,215
4,982,688
106
Clinceni, Ilfov
INTERSTAR CHIM SA
19
2.7000
105,749,872
1,723,865
216
Bucuresti, Sector 3
CLEOPATRA CENTER SRL
12
2.9500
103,894,914
1,251,669
164
Barlad, Vaslui
FICOSOTA SINTEZ ROMANIA SRL
24
2.5500
102,998,177
-1,191,411
41
Bucuresti, Sector 1
COS 2000 DISTRIBUTION SRL
21
2.6750
91,741,137
6,261,986
49
Brasov, Brasov
COTY COSMETICS ROMANIA SRL
28
2.2375
88,870,820
756,411
39
Bucuresti, Sector 1
AMWAY ROMANIA MARKETING SRL
29
2.2375
76,540,277
-2,330,934
31
Bucuresti, Sector 2
SUPERFOOD COMPANY SRL
22
2.6375
75,885,976
3,971,064
177
Pantelimon, Ilfov
SANO ROMANIA SRL
26
2.4500
73,151,031
4,060,735
81
Pantelimon, Ilfov
UNILEVER ROMANIA SA
31
2.1000
65,812,414
6,847,407
285
Bucuresti, Sector 1
YVES ROCHER ROMANIA SRL
33
1.9250
61,718,704
-107,400
Bucuresti, Sector 1
26
TOTAL DISTRIBUTION
GROUP & LOGISTICS SRL
32
2.0125
60,234,933
124,338
220
Buftea, Ilfov
27
28
29
CORIOLAN IMPEX SRL
20
2.7000
45,670,457
3,185,241
98
Bacau, Bacau
FOREVER LIVING PRODUCTS ROMANIA SRL
30
2.2000
44,998,529
1,057,157
60
Bucuresti, Sector 1
G.N.V. OMEGA TRADING SRL
25
2.5125
44,041,727
1,488,387
64
Voluntari, Ilfov
30
PROFESSIONAL BRANDS MARKETING &

DISTRIBUTION SRL
15
2.8250
42,387,913
3,021,898
78
Bucuresti, Sector 5
31
32
33
34
ANDRADA SRL
18
2.7625
38,178,609
2,223,031
94
Galati, Galati
TORDAI HAIR-COSMETICS SRL
16
2.8250
34,003,901
3,879,594
121
Targu Mures, Mures
EVERET ROMANIA DISTRIBUTION SRL
27
2.3875
32,891,596
462,679
82
Bucuresti, Sector 1
POINT DISTRIBUTION GRUP SRL
34
1.7625
31,453,957
-5,129,665
56
Vanatori, Galati
10/29/15 6:16 PM
TRADE
CASH & CARRY
HYPERMARKETS
SUPERMARKETS
MALLS AND SHOPPING CENTERS
DO-IT-YOURSELF
DISTRIBUTION COMPANIES
MISCELLANEOUS, DISTRIBUTION COMPANIES
E-COMMERCE
149 garda Trade.indd 149
10/27/15 10:45 AM
150
MCR TRADE
150-153 opinie HL Display .indd 150
10/27/15 10:53 AM
151
INTERVIEW
MAXIMIZING SALES BY
BRINGING INNOVATION,
OPTIMISING EFFICIENCY
AND CONFIDENCE
Alexandru Chiru, Country Manager, HL Display
1.
Could you give us a brief presentation of HL

Display Romania and what makes your
company unique on the local/ international
market?
HL Display is the global partner for brands and retailers
for in-store communication and merchandising. We
work together with our clients to create in-store
experiences for customers, based on 61 years of
experience, expertise and knowledge of
the markets.
This is our mission; simple, yet powerful
we provide what is essential to grow the
business.
What makes us unique on the market?
Well, a typical business day for us starts in
the far corners of Asia and ends in Western
Europe. With Scandinavian roots, we grew
over the decades and became a global
leader in merchandising and in-store
communication operating internationally
in 44 markets. Again, this means we
understand all sales companies, languages and each
market needs, constrains and opportunities.
We never compromise on quality and high standards.
Our values as international leader are customer focused.
We know we are essential for the success of our
customers; we are confident and we give them
confidence. This makes our company unique.
How were 2014 and 2015 so far in terms of
business activity for HL Display Romania in
comparison with your initial forecast?
Each year we forecast sales and activities greater and
bigger than maybe we actually want to reach. And this is
because it challenges us. We are bold in each activity we

launch.
2014 couldnt compare to 2015 and maybe the same
will go for 2016. The market and the companies are
really different from one year to the other and this
represents many opportunities for us, because we can
play with many budgets and create spectacular projects
in partnership with our clients both on local and
global level.
As business activity, HL Display grew over
the past 2 years. At the beginning of 2015 we
went through an organizational change and
now we have enhanced our Mission, Vision,
Values, because after 61 years of experience
and knowledge of the market, we now know
what challenges our clients face and we
better understand each individual business,
vision, strategy and desire.
Locally, our team grew, globally now we
have more distributors and invested in the
development of our sales units all over the
world. HL Display thinks global, and acts local for
each market.
In 2015, we see an increase in consumption
which helps boost the economic activity on
the whole. How have Romanian companies
supported this trend, by using innovative solutions,
such as the ones offered by HL Display Romania?
This trend was, indeed, also supported by Romanian
companies. And also, due to this increase, many
companies have chosen our solutions. Companies
increased the number of projects both on local and
international level. We faced many challenges and strict
PRODUCTS
PROPERLY
MERCHANDISED
INCREASE THE
CHANCES OF AN
IMPULSE
PURCHASE.
2.
3.
10/27/15 10:53 AM
152
MCR TRADE
deadlines because of this. This also helped us grew many

businesses because we learned how to overcome the
obstacles the local market raised.
As a multinational company, it is easy for you
to see the similarities and differences between
companies from your portfolio. Could you
share with us some similarities and differences
between Romanian business environment and CEE?
It might seem easy, but each time we come across with
something that we might think we already know or have
already seen, we notice its different. So, some companies
may resemble in what concerns some needs or the desire
for some innovations, but nothing is the same.
Now, above I was talking about our Romanian
customers, in what concerns Romania and CEE, here we
can talk more. Although we work with
multinational clients, they also work
differently in each market, because locally,
the markets are different. In Romania, for
example, there is a need of solutions for
bulk products, whether in the CEE, bulk
products are not that required.
What is the difference, in terms
of costs and benefits, between
optimization of the selling
space and essential optimization of the
selling space?
In HL Display, we believe that profit
depends not only on increasing sales but
also on reducing costs. Thats why it pays
to look at solutions from all angles. And
here is when we come in, with expertise
on and around the shelf based on industry-leading R&D,
as well as over half a century of successful partnerships
with customers worldwide.
So, we are essential for our partners from our position
of experts in merchandising and in-store communication;
we partner with them to create a more desirable shopping
experience and enable their staff to use their time more
efficiently.
Moreover, in terms of cost and benefits, we are talking
about creating a place where the consumer WANTS to
shop, we increase footfall, increase the conversion to
sales, increase average check and of course, we create
differentiation from competition.
Simply put, we maximize the sales by optimising
innovation, efficiency and confidence.
International studies show that over 70% of
the buying decision is taken by customers in
the shop. How does the Romanian market
stand in terms of the buying decision?
4.
5.
6.
Products properly merchandised increase the chances

of an impulse purchase or the purchase of a high luxury
item. Segmentation and good navigation is important
too, as consumers purchase more brand names or private
label products if they can easily find them. Otherwise,
they choose those products with the lowest price point.
The Romanian market doesnt look very different from
this point of view. Efficient use of space increases sales.
This applies not just to floor space but also to the
horizontal and vertical surfaces of your shelves. It is
common practice to leave open spaces between items on
a shelf and sometimes the one above to allow staff to
easily reach items furthest at the back. Naturally all of this
empty space lowers efficiency. With a shelfing system
that allows quick and easy loading from the front it is
possible to eliminate these open spaces
and fit one or two additional shelves in the
same display unit. In some cases such a
system might also make it possible to stack
two products on top of each other. This
means more products on the shelves,
fewer products in the stock room and
fewer problems with empty shelves and
therefore gives an overall increase in store
efficiency.
Romanians want to easily shop; to find
the products; to easily reach them.
Although they want things to work easily
for them in the store, they want a shopping
experience.
We soon expect a lower taxation
for consumption, starting
January 1st 2016. Lower prices
might lead to higher competition. Are companies
ready to invest more in order to increase the customers
buying experience by using intelligent solutions, like
HL Display provides? Do you have any examples to
support this?
Yes. Companies are always prepared to face higher
competition or always expect to face competition. And
thanks to that, HL Display is the leading provider of
intelligent solutions.
For both retailers and brands, the battle is taking place
on the shelf. Retailers want more attracting selling space,
excellent shopping experience for their customers, they
want to provide all the necessary products and tools in
order for their consumers to find products, reach
products, and increase impulse purchasing.
In the same time, brands want higher visibility on the
shelf, differentiation from competitors, higher market
share.
HL MAKES IT ALL
ABOUT THE
CLIENTS. WE
FOCUS ON HIGH
IMPACT
SOLUTIONS, AND
MORE IMPORTANT,
ON ONE ESSENTIAL
OPTIMISING THE
SELLING SPACE.
7.
10/27/15 10:53 AM
153
So yes, companies invest in HL solutions, because HL

is not selling products. We know what period our clients
are facing, and we provide innovative solutions; so we sell
solutions, benefits for the client.
For example, for one of our international accounts, we
provided a long term solution, a solution that cannot be
reproduced in a garage. This is the difference, the quality,
the experience and expertise that comes along with HL
professionals. Using a merchandising solution for this
international account, we helped increase store efficiency
by allowing the staff to use their time for proper and
better customer service, instead of losing precious time
in tiding shelves.
Moreover, we increased sales through better product
display, use of space and we minimized labour costs
while increasing staff productivity.
As we know, HL Display offers standard
solutions and customized solutions. What are
the tendencies for both sectors, in terms of
dynamics?
Actually, the Romanian market is really playful. It is
well known that we provide both standard solutions and
customized solutions; so, thanks to that, all our customers
get the same support in all their endeavours.
The tendency for retailers is usually the need of
implementing standard solutions for in-store
communication and merchandising solutions. Although
we provide them innovating solutions, these kind of
needs require standard options. Here we talk more about
store efficiency and saving labour costs.
While the brands want more differentiation from the
competitors, attractive selling space on the shelf,
increasing sales and visibility of their products they
mostly want to bring the brand to life. And here is where
we come in as essential partners.
What are your new projects for 2016?
For 2016, our major project is actually to
continue what we started already, and of course,
to enhance it.
HL Display is always partnering with its clients. Both
retailers and brands. So we want to create more triangle
projects, where we, together with retailers and brands,
explore all possibilities in order to design the proper
system that assures sales increase, essential optimization
of the selling space, save labour cost and create
differentiation.
To be precise and to give a short example, a triangle
project means to enhance a product category we are
the bridge between the retail and brand; we are the
professional consultants and provide the proper solutions
in order to enhance that category.
8.
This way, both brand and retailer communicate their

needs, the way they want to work and what benefits they
get by working together and aligning the strengths. HL
Display is providing the standard and customized
solutions in order to reach the results needed.
What is your message to the Romanian
customers supported by HL Display to
become more satisfied in terms of their
buying experience?
We make it all about them clients and customers. We
focus on high impact solutions, and more important, on
one essential optimising the selling space.
We invest in standing out that always pays off. Whether
its an eye-catching product display or a clear presentation
thats refreshingly easy to navigate, we help our clients to
drive sales and create in-store differentiation. We partner
with them to create amazing shopping experiences,
trigger impulse buying and gain customer loyalty.
What is your message to the Romanian
retail partners who are assisted by HL
Display to optimize their customer
satisfaction and business efficiency?
Think about it like this: a consumer is exposed to more
than 3,000 messages a day. How does the retailer stand
out? Like you also pointed out, 70-80% of buying
decisions are made in the store. Is the retailer affecting
decision-making to his highest advantage? These are the
starting points in our partnerships with retailers. So, we
assist them in driving success by innovation.
This is the only way forward in a time when the market
is constantly changing and facing new challenges.
10.
11.
9.
10/27/15 10:53 AM
154
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CASH & CARRY

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ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
METRO CASH & CARRY ROMANIA SRL
3.2125 4,488,622,059
20,487,870
5,125
Bucuresti, Sector 3
SELGROS CASH & CARRY SRL
4.0625 2,833,080,076
27,856,674
3,882
Brasov, Brasov
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
HYPERMARKETS
RANKING
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COMPANY NAME
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1
2
3
4
5
154-157 tabele trade.indd 154
RANKING
BY MCR
SCORING
MCR
SCORING
KAUFLAND ROMANIA S.C.S.
3.6500 7,998,129,244 488,691,760
12,180
Bucuresti, Sector 2
CARREFOUR ROMANIA SA
3.9000 4,561,606,373 157,801,081
7,284
Bucuresti, Sector 6
AUCHAN ROMANIA SA
3.2125 3,770,686,684
-52,346,933
9,344
Bucuresti, Sector 3
ROMANIA HYPERMARCHE SA
3.5625 1,711,730,646
-24,487,594
4,818
Bucuresti, Sector 3
REAL HYPERMARKET ROMANIA
2.7250
4,419,965
689
Bucuresti, Sector 3
302,081,132
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PROFIT/
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(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 1
1
2
3
4
5
MEGA IMAGE SRL
3.7125 2,815,815,264
77,225,952
7,161
PROFI ROM FOOD SRL
3.7125 1,844,510,142
32,604,268
5,672
Timisoara, Timis
BILLA ROMANIA SRL
4.0625 1,410,858,242
4,742,549
3,168
Bucuresti, Sector 2
ARTIMA SA
3.4375
889,651,944
3,192,984
2,039
Chiajna, Ilfov
SUCCES NIC COM SRL
2.7875
333,922,971
-13,591,788
899
Voluntari, Ilfov
ANNABELLA SRL
2.9750
175,918,607
4,202,845
669
Ramnicu Valcea,
Valcea
7
8
9
10
11
12
13
14
DM DROGERIE MARKT SRL
11
2.4125
172,547,277
-9,315,807
461
Timisoara, Timis
SEPHORA MARINOPOULOS ROMANIA SA
2.9500
149,875,693
14,655,856
230
Bucuresti, Sector 3
KONSTA SPLENDID SRL
3.0125
123,186,901
4,086,640
169
Medias, Sibiu
10
2.6625
109,259,618
361
319
Bocsa, Caras-Severin
Focsani, Vrancea
COLLINI COM SRL
2.9125
101,279,400
1,570,723
330
MILLENIUM PRO DESIGN SRL
12
2.3875
98,004,158
7,983,044
247
Otopeni, Ilfov
ELECTROUNIVERS SRL
13
2.3625
83,174,752
6,269,822
48
Gaesti, Dambovita
EUROAVIPO SA
14
1.8000
76,836,735
-12,018,617
18
Posta Calnau, Buzau
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
ZANFIR SNC
MALLS AND SHOPPING CENTERS

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COMPANY NAME
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2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
RANKING
BY MCR
SCORING
BANEASA DEVELOPMENTS SRL
2.5750
198,743,600
65,243,204
178
Bucuresti, Sector 1
COTROCENI PARK SA
2.1750
141,390,158
24,377,129
34
Bucuresti, Sector 6
IULIUS MALL TIMISOARA SRL
1.8625
84,203,998
22,356,162
Timisoara, Timis
UNIREA SHOPPING CENTER SA
2.3750
77,084,815
5,955,138
111
Bucuresti, Sector 3
13
1.8000
67,418,505
-11,283,750
Iasi, Iasi
2.1750
61,796,725
27,544,164
Fundeni, Ilfov
IULIUS MALL CLUJ SRL
10
1.8625
55,531,969
19,238,589
Cluj-Napoca, Cluj
EXPO MARKET DORALY SRL
14
1.7125
45,032,729
14,204,505
N/A
Afumati, Ilfov
1.9625
38,160,562
-11,924,876
N/A
Bucuresti, Sector 6
WIN MAGAZIN SA
12
1.8375
36,750,224
8,601,529
N/A
Bucuresti, Sector 3
BRAILA PROMENADA MALL SRL
17
1.5500
35,145,681
-1,294,205
14
Bucuresti, Sector 2
NRE SIBIU SHOPPING CITY SRL
18
1.5500
32,022,883
8,016,793
Bucuresti, Sector 1
2.1375
29,915,725
2,204,448
134
Suceava, Suceava
11
1.8625
20,338,349
-381,803
19
Bacau, Bacau
1.9625
19,947,457
2,398,109
N/A
Bucuresti, Sector 1
COMETEX SA
16
1.6125
18,837,711
-9,016,286
31
Suceava, Suceava
VITANTIS SRL
1.9000
11,577,675
-1,762,749
N/A
Bucuresti, Sector 4
15
1.6750
11,410,815
-5,764,245
41
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bacau, Bacau
PALAS 1 SRL
DRAGONUL ROSU SA
LAND DEVELOPMENT PROIECT SRL
IULIUS MALL SUCEAVA SRL

ARENA CITY CENTER SRL
SUCEAVA SHOPPING CITY SRL
TOMIS SA
DO-IT-YOURSELF
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
RANKING
BY MCR
SCORING
DEDEMAN SRL
3.9625 3,412,509,790 478,907,264
7,179
ARABESQUE SRL
3.9375 1,501,758,961
59,064,262
2,486
Galati, Galati
PRAKTIKER ROMANIA SRL
3.5625
588,873,055
90,933,781
1,517
Voluntari, Ilfov
BRICOSTORE ROMANIA SA
3.0000
572,436,780 -102,715,568
1,237
Bucuresti, Sector 6
10/28/15 9:57 AM
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7
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9
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11
12
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MCR
SCORING
ANNUAL
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2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
AMBIENT SA
2.8125
497,657,765
-32,345,452
1,276
Sibiu, Sibiu
HORNBACH CENTRALA SRL
2.7875
479,319,897
-4,351,845
646
Domnesti, Ilfov
10
2.6000
156,121,821
7,240,714
444
Oradea, Bihor
ARTSANI COM SRL
2.8500
126,550,467
4,892,320
334
Ploiesti, Prahova
OBI ROMANIA SRL
11
2.4125
106,740,758
-74,503,730
341
Bucuresti, Sector 1
2.9500
106,456,983
10,688,932
143
Radauti, Suceava
BRICO EXPERT SA
12
1.8875
53,156,944
-1,884,060
196
Bucuresti, Sector 3
ALBERTEMMA SRL
2.6375
50,552,606
1,462,901
67
Paltinoasa, Suceava
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.7500
671,748,798
17,157,284
1,830
Bucuresti, Sector 5
TIGER AMIRA COM SRL
OLINT COM SRL
RANKING
BY
COMPANY NAME
TURNOVER
INTERBRANDS
MARKETING & DISTRIBUTION SA
2
3
4
5
MACROMEX SRL
RANKING
BY MCR
SCORING
3.2875
520,314,650
-4,444,057
351
Bucuresti, Sector 1
10
3.1625
456,923,031
2,645,081
384
Bucuresti, Sector 4
LUZAN LOGISTIC SRL
3.4500
393,779,314
7,941,567
99
Targu Jiu, Gorj
PUNCTUAL COMIMPEX SRL
3.2625
358,317,422
3,687,658
74
Cluj-Napoca, Cluj
HACHETTE DISTRIBUTION
SERVICES INMEDIO SRL
3.5125
346,679,837
15,033,034
139
Bucuresti, Sector 2
7
8
9
ELGEKA - FERFELIS ROMANIA SA
Bucuresti, Sector 3
WHITELAND IMPORT EXPORT SRL
N/A
N/A
326,120,495
640,300
362
MARATHON DISTRIBUTION GROUP SRL
3.3500
311,797,554
8,708,941
502
Afumati, Ilfov
HEINRIG DISTRIBUTION SRL
3.3250
282,965,324
1,795,213
67
Bucuresti, Sector 5
10
AMIGO & INTERCOST SRL
3.4750
276,276,037
7,815,643
631
Odorheiu Secuiesc,
Harghita
11
12
13
LICURICI IMPEX SRL
12
3.1375
252,872,914
3,056,447
202
Onesti, Bacau
SIMBA INVEST SRL
11
3.1625
225,927,795
15,807,962
593
Bacau, Bacau
SC FRADIS-MAN SERV SRL
22
2.8625
220,243,793
957,483
43
Ploiesti, Prahova
14
ELAN-TRIO SRL
29
2.5375
211,552,096
255,359
670
Odorheiu Secuiesc,
Harghita
15
16
17
18
19
20
21
22
23
24
AFI TOTAL DISTRIBUTION SRL
3.2000
206,182,386
13,329,866
113
Bucuresti, Sector 1
CENTRAL MORENI SRL
17
2.9500
190,973,515
2,878,614
171
Razvad, Dambovita
SHARK GROUP SRL
20
2.8875
188,753,168
1,549,346
57
Bucuresti, Sector 6
NITELA IMPEX SRL
19
2.9125
152,134,657
4,450,734
292
Craiova, Dolj
P.P. DISTRIBUTORS - ROMANIA SRL
16
3.0125
147,805,610
8,400,290
63
Bucuresti, Sector 2
FAREL IMPEX SRL
25
2.7625
142,241,765
6,596,353
245
Roteni, Mures
SAVCOM SRL
23
2.8250
136,092,276
696,924
182
Suceava, Suceava
MIRUNA INTERNATIONAL IMPEX SRL
26
2.7250
132,753,380
768,406
302
PRO SOFT SRL
18
2.9500
125,828,868
9,014,986
201
Brasov, Brasov
VLASE DISTRIBUTION SRL
33
2.3875
125,240,181
306,904
167
Slobozia, Ialomita
25
T&O PRODCOM SRL
14
3.0750
124,809,429
3,194,780
137
Hunedoara,
Hunedoara
26
27
28
29
30
TEMAD CO SRL
13
3.1375
123,509,499
12,419,404
221
Cristian, Brasov
ZAHARCOM SRL
31
2.4875
122,407,131
611,442
Ludus, Mures
DE SILVA EXCLUSIV SRL
21
2.8875
122,258,570
9,319,711
116
Bucuresti, Sector 1
GRUPUL DE DISTRIBUTIE ETA SRL
32
2.4500
116,391,000
711,893
188
Botosani, Botosani
ALMIRA TRADE SRL
24
2.8250
115,191,249
6,146,296
74
Timisoara, Timis
10/28/15 9:57 AM
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32
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SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
TOTAL DISTRIBUTION GROUP ARGES SRL
27
2.7000
110,421,265
368,773
133
Pitesti, Arges
TOPMOD SRL
15
3.0500
108,112,785
1,031,824
34
Caracal, Olt
NO, OF
EMPLOYEES
2014
CONTACT
MISCELLANEOUS, DISTRIBUTION COMPANIES

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
1
2
REWE (ROMANIA) SRL
4.1250 2,335,063,916
18,506,708
B & B COLLECTION SRL
2.9750
218,885,907
33,672,048
864
Bucuresti, Sector 3
ORLEN ASFALT SP. Z O.O. PLOCK

SUCURSALA BUCURESTI
17
2.3000
195,946,376
118,977
Bucuresti, Sector 1
4
5
6
7
8
9
10
11
12
13
14
15
AGROBERIN SRL
3,079 Stefanestii De Jos, Ilfov
15
2.4875
175,349,860
2,262,310
10
Bucuresti, Sector 6
STUDIO MODERNA SRL
3.2250
172,768,003
2,650,983
837
Bucuresti, Sector 6
AGRESSIONE GROUP SA
2.8875
171,752,084
10,765,755
114
Cluj-Napoca, Cluj
WORLD COMM TRADING GFZ SRL
2.6125
152,460,644
2,943,867
Bucuresti, Sector 6
N/A
N/A
140,052,508
3,096,532
N/A
Bucuresti, Sector 4
3.0500
104,166,174
445,911
13
Ramnicu Sarat, Buzau
19
2.2875
102,342,717
-532,197
256
Chisineu-Cris, Arad
2.6125
101,024,242
1,095,150
18
Brasov, Brasov
SIDE GRUP SRL
12
2.5125
97,391,050
3,011,982
120
Felnac, Arad
DYNAMIC SELLING GROUP SRL
13
2.5125
89,100,390
3,990,462
92
Galati, Galati
ADRIDAN SRL
10
2.5750
89,073,255
4,885,148
87
Piatra Neamt, Neamt
BARTA ATI SRL
11
2.5750
87,932,074
4,943,911
210
16
COM PRODALIMENT DISTRIBUTIE SRL
18
2.3000
87,901,266
372,985
48
Drobeta-Turnu
Severin, Mehedinti
17
SAM TRADE SRL
2.6125
87,756,389
4,372,588
Botiz, Satu Mare
18
MARTUR AUTOMOTIVE SEATING

AND INTERIORS SRL
N/A
N/A
87,696,725
6,552,634
23
Voluntari, Ilfov
19
20
21
22
23
SEA ROMANIA SRL
20
2.2875
87,343,994
10,508,998
297
Bucuresti, Sector 5
ANTALIS SA
16
2.3250
84,826,711
105,369
73
Bucuresti, Sector 3
COMPPIL SA
2.6125
82,833,945
1,611,515
14
2.5125
82,136,029
1,814,743
65
Timisoara, Timis
N/A
N/A
58,960,955
N/A
N/A
Suceava, Suceava
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.6875 1,246,675,245
Voluntari, Ilfov
IMT MACHINERY SRL

MARINA SNC
TREI G RETAIL EXPRES SRL
BRUMAR IMPEX SRL
AGROLAND BUSINESS SYSTEM SRL

PRIMAGRA SRL
E-COMMERCE
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
DANTE INTERNATIONAL S.A
RANKING
BY MCR
SCORING
-58,328,391
1,015
10
2.0875
208,223,202
-4,353,718
N/A
Chiajna, Ilfov
PRETURI PENTRU TINE SRL
3.3500
180,058,813
21,609,614
734
Bucuresti, Sector 3
LYONESS ROMANIA SRL
2.6125
152,498,486
212,062
20
Bucuresti, Sector 1
CORSAR ONLINE SRL
2.8250
145,083,732
556,987
65
Bucuresti, Sector 6
PC GARAGE SRL
3.2000
128,934,490
1,112,076
71
Bucuresti, Sector 3
NORDIC INVESTMENTS FUND RETAIL SRL
2.2625
102,231,457
1,693,071
221
Oradea, Bihor
F 64 STUDIO SRL
2.8875
94,158,170
4,374,982
133
Bucuresti, Sector 5
EVOLUTION PREST SYSTEMS SRL
2.3375
68,378,009
579,772
N/A
Bucuresti, Sector 3
ADVANCED TECHNOLOGIES SRL
2.4875
53,867,747
3,427,874
14
Bucuresti, Sector 2
FASHION DAYS SHOPPING SRL
MCR
SCORING
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ROAD TRANSPORT
RAIL TRANSPORT
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MARITIME AND RIVER TRANSPORT
AIR TRANSPORT
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INTERVIEW
DEMAND FOR
INTERNATIONAL EXPRESS
REMAINS BUOYANT
IN 2016 AND BEYOND
Daniel Kearvell, Managing Director, DHL Romania
1.
What is the size of the courier and delivery

industry in Romania in 2015? How has the
market developed in 2015 compared to last
year and what are your expectations for 2016?
We anticipate the total value of the international
express industry in Romania to be in the region of
EUR 125 million. 2015 has been undoubtedly a
successful year of growth for DHL Express in Romania,
with the demand being driven by higher levels of
import shipments than previous years,
particularly from Asia Pacific. Romanias
top export destinations primarily the
EU in 2015 posted stable, if
unspectacular, growth, in line with the
overall macroeconomic situation and
consumer environment in the region.
There is no particular reason to suspect
that this trend for growth in Romania
for 2016 will alter markedly, despite the
well-documented challenges present
currently in the key Chinese market.
Romanias healthy GDP growth
certainly in comparison to other
European countries should ensure
that the demand for international
express remains buoyant in 2016 and beyond.
Increasingly, we perceive a demand for some customers
to relocate production from Western Europe and Asia
to Eastern Europe which could be a huge source of
growth and investment potential for Romania.
What are the engines of growth for DHL
Romania in 2015? Do you see any structural
change in terms of the growth sources in
the future? Which have been the nice surprises

(what has gone better than expected in 2015) and
what has gone different from what you expected in
2015?
Express services are utilized by all sectors of the
economy, and as such it is incumbent upon us to offer
equal levels of quality service to all our customers,
from the biggest some of the most significant foreign
investors in the country to private individuals who
require support sending documents and
parcels to their colleagues, relatives and
friends abroad. What is perhaps
surprising is the considerable growth in
the latter segment, which represents
private person shipments. This sector
in 2015 has outstripped the already
healthy progress of our corporate
customers. This is, it would seem, a
reflection of both the growing
internationalization of Romanian
consumers, but also a result of DHLs
expansion in the retail area, particularly
through our service points in Malls and
High Street locations across the whole
of Romania.
On your market, we can identify at least
two components that are critical for future
development: the public infrastructure and
your own private infrastructure. How would you
describe the development of these two components
in 2015 (as targets and as expectations)?
The two are to a large degree interlinked, and I think
in both areas there has been quite significant progress
HEALTHY
COMPETITION
LEADS TO BETTER
QUALITY DEMANDS
PLACED UPON
PROVIDERS, AND
BETTER LEVELS OF
QUALITY FOR OUR
CUSTOMERS.
2.
3.
10/28/15 1:56 AM
162
made. Certainly, we are encouraged by much of the

investments that are being made into airport facilities
across the country. Better quality facilities enable faster
shipment processing, and improvements in the levels of
service we are able to offer to our customers. Road
infrastructure continues to improve, albeit slowly. 2015
has been a significant year for DHL Romanias
infrastructure projects: not only have we updated our
fleet of vehicles, but we have significantly expanded our
operational facility in Cluj, and next month, a new
state-of-the-art express facility will be launched in
Timisoara. We are therefore satisfied with the progress
made this year, and are confident that these investments
will assist with the facilitation of growth service quality,
and in turn, our customers businesses.
How do you see the competition on your
market? What makes you unique on this
market?
We welcome healthy competition in our industry, as
this ultimately leads to better quality demands that are
4.
placed upon providers, and better levels of quality for

our customers. As Romania progresses and develops,
the levels of pressure from customers who expect
outstanding service at ever-lower prices increases.
This in turn requires consistent investment in
providers infrastructure and service provision, a
challenge which DHL takes as a priority.
Romania remains a key market in Eastern Europe for
our organization, and as such we will continue to
invest in our people and infrastructure here. Every
member of our staff is a Certified International
Specialist, with qualifications and knowledge of our
industry. So, whilst we believe that our experience in
Romania we celebrate our 25 Year Anniversary in the
country in 2016 our 50+ locations around the
country, and our consistent investment across the
business put us in the forefront of the industry, it is
ultimately our peoples professionalism, knowledge
and motivation that will ensure that we remain the
first choice for our customers.
10/28/15 1:56 AM
163
POSTAL AND COURIER COMPANIES

RANKING
BY
COMPANY NAME
TURNOVER
1
2
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
COMPANIA NATIONALA POSTA ROMANA SA
3.2500 1,125,502,934
37,541,052
25,240
Bucuresti, Sector 2
FAN COURIER EXPRESS SRL
3.3750
73,233,073
1,573
Bucuresti, Sector 2
DHL INTERNATIONAL
ROMANIA SRL
333,698,242
Bucuresti, Sector 1
www.dhl.ro
DANIEL KEARVELL
Managing Director
MCR SCORING: 3.1625

PROFIT/ LOSS 2014 (RON): 6,548,265
4
5
6
7
8
9
10
TNT ROMANIA SRL
3.1625
171,810,190
12,236,891
306
CARGUS INTERNATIONAL SRL
2.5375
163,785,565
6,379,933
672
Tunari, Ilfov
UPS ROMANIA SRL
2.8375
142,154,802
2,285,108
N/A
Bucuresti, Sector 1
URGENT CURIER SRL
3.1000
138,496,997
9,224,711
840
Magurele, Ilfov
NEMO PROD COM IMPEX SRL
2.5375
85,162,943
4,668,023
315
Magurele, Ilfov
11
12
Bucuresti, Sector 1
2.5750
75,459,837
4,403,458
196
Buftea, Ilfov
N/A
N/A
60,321,401
198,111
N/A
Bucuresti, Sector 2
GLS GENERAL LOGISTICS SYSTEMS

ROMANIA SRL
10
2.4500
44,205,882
7,333,617
69
Sibiu, Sibiu
TOTAL POST MAIL SERVICES SRL
11
2.3750
43,323,384
1,485,276
1,253
Bucuresti, Sector 2
DYNAMIC PARCEL DISTRIBUTION SA

ALENIS TRADING SRL
10/28/15 1:56 AM
164
164-166 opinie IB cargo.indd 164
10/29/15 4:41 PM
165
INTERVIEW
SPECTACULAR EXPORTS
SET OFF FREIGHT
TRANSPORT GROWTH
Catalin Putineanu, Managing Director, IB Cargo
1.
How would you describe the evolution of the

Romanian freight market this year?
The Romanian freight transport market has
registered a growth in volume and is now around EUR 7
billion. This growth is sustained by the spectacular
evolution of exports last year, which reached a record
level of around EUR 52 billion in 2014, and by the
increase in the airfreight sector. But the growth was also
observed in the other sectors, as well, such as sea freight
or trucking.
The biggest increase comes from the airfreight sector,
followed by trucking and then the sea freight. As a share
from the total forwarding market, the
trucking segment holds about two-thirds
of all goods delivered.
More than that, sea freight represents a
strategic sector in Romania. The amount
of cargo passing through the port of
Constanta also registered a growth this
year.
From your point of view, which
freight sector has been the most
dynamic in 2015? What are your
expectations for these sectors in 2016?
The most dynamic sector for us has
been the airfreight sector. The clock battle
became increasingly fierce and decreasing
the delivery time has become a top
priority. The clients of our clients need
them to produce and deliver the goods faster and, in that
moment, choosing the airfreight can be a solution for
them. IB Cargo is a professional partner on the logistic
side for all its clients, offering them personalized freight
forwarding solutions, not only quotations.
Thus, we adapt to our clients needs and continuously
develop our services in order to offer them personalized
2.
solutions. IB Cargo added On Board Courier and NFO

(Next Flight Out) services to the normal airfreight
services.
On Board Courier is the service that delivers the cargo
in maximum 24 hours to any destination. The client
receives a quotation in maximum 30 minutes, 24/24/7.
After the client confirms the request, an IB Cargo
representative leaves with the clients cargo on the next
passenger flight and accompanies the goods during the
transportation. At present, we have 1-2 On Board
Courier services per day for clients from automotive,
fashion and electronic industries. On the other hand,
the NFO (Next Flight Out) is the service
that offers a transit time that is half
compared to the normal one.
Bucharest is and remains the centre of
the airfreight market in Romania because
the biggest airport in the country is here.
Nevertheless, the big freighters still dont
have runways in Romania, and a solution
which we also offer is to combine
airfreight with trucking from Frankfurt
and Vienna in order to perform door-todoor delivery.
Following
some
simple
quantitative and qualitative
indicators, could you tell us
what IB Cargo represents at this
moment in time?
IB Cargo is an independent freight forwarder that
offers personalized solutions for our clients, no matter if
they are multinational companies or local entrepreneurs,
in order to fit their needs. Thus, we perform one stop
shop freight forwarding services worldwide. In 2014, we
had 1,923 clients, most of them recurrent, due to the
fact that they are satisfied with our professional services.
THE BIG
FREIGHTERS STILL
DONT HAVE
RUNWAYS IN
ROMANIA, AND A
SOLUTION WHICH
WE ALSO OFFER IS
TO COMBINE
AIRFREIGHT WITH
TRUCKING.
3.
10/29/15 4:41 PM
166
More than that, regarding the transports we operate,

IB Cargo chooses the best partners in each country, so
that our clients cargo is always safe and picked up and
delivered on time. Thus, we are members of two
international networks of freight forwarders, which
operate like us in every major port/ airport in the world.
In Romania, IB Cargo is one of the top players for the
LCL services (less than a container load). On this type of
service, we have direct weekly consoles from Shanghai,
Ningbo, Qingdao, Shenzhen, Singapore, Hong Kong to
Constanta for imports. On the other hand, IB Cargo can
also operate exports via Hamburg (not only Constanta),
reducing the transit time, because this port registers a
higher transit of cargo and the departures are more
often.
How has the economic growth in 2015
impacted your business and what are your
plans for 2016?
Romania is a country where production and exports
registered growth. Along with the retail network, the
logistics services are also developing, supporting both
production and exports. Thus, logistics is one of the
most important elements of the sales chain. If there is an
inefficiency in the chain, this can cause a 10-15%
increase in the goods final prices.
IB Cargo continuously improves its services and in the
current year and the one to come, we will continue
4.
doing this. Overcoming our clients expectations is the

most important thing for us and that is why we offer the
personalized forwarding service. In this way, we will
continue to be the trustful partner to whom our clients
fully externalize the logistic part.
From your perspective, what does the field in
which you activate need right now and what
are your concerns for the next period of time?
One important fact here would be that, at present, the
products imported from Asia arrive in Constanta port
only in a very small quantity. This happens because the
Romanian legislation forces importers to pay the VAT in
advance, before clearance of the cargo and, in this way,
they choose the western ports as point of entry in
Europe. In ports like Koper, Rotterdam, Hamburg the
importers are not forced by the law to pay VAT in
advance like in Constanta.
The procedure of VAT refund in Romania is very
laborious. There are some exemptions, such as obtaining
the AEO certificate, but this takes a lot of time and the
companies go through a rather bureaucratic procedure
in order to get it. This is a huge loss for the Romanian
economy because many foreign companies choose other
ports (Koper, Rotterdam, Hamburg and not Constanta),
even if logistically and cost-wise, it makes absolutely no
sense (they need to pay for trucking from these ports to
Romania).
In addition to this, I would add Romanias poor
infrastructure, but we really hope that some of these
problems will have solutions in the near future.
Undoubtedly, the global oil price drop was
something that only few anticipated. What do
you think contributed more to the growth
which you registered: external factors or the solid
management strategy? Please detail.
IB Cargos biggest asset is represented by the people we
have in the company, who always find or tailor solutions
for our clients in order to answer to their needs. We are
flexible, dynamic, reliable, always near the clients when
they need us, we have a long-term vision and we always
improve ourselves as professionals in-house and with
the help of external consultants.
Our management strategy is also an important factor.
It is an entrepreneurial one, where everybody contributes
to the companys growth direction.
On top of this, the external factors are also important.
As we mentioned before, the logistics sector growth is
connected to the production and exports growth, along
with the conditions: custom formalities, taxes etc.
Thus, it is a mix of the above-mentioned factors, from
which the higher percentage is due to internal ones.
5.
6.
10/29/15 4:41 PM
167
ROAD TRANSPORT
RANKING
BY
COMPANY NAME
TURNOVER
REGIA AUTONOMA DE TRANSPORT

BUCURESTI R.A.
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
17
2.8375
735,587,668
49,761,707
10,746
Bucuresti, Sector 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
AQUILA PART PROD COM SRL
3.6250
596,631,818
6,013,718
1,839
Ploiesti, Prahova
HAVI LOGISTICS SRL
3.8250
569,410,952
4,614,644
215
Bucuresti, Sector 1
CARRION EXPEDITION SRL
3.1250
378,604,233
11,075,601
1,125
Cluj-Napoca, Cluj
25
2.6625
321,912,117
-1,346,807
723
Arad, Arad
3.4125
297,910,526
2,637,445
327
Bucuresti, Sector 1
Cristian, Brasov
TRANSCONDOR SA
TOURING EUROPABUS ROMANIA SRL
3.6625
251,889,328
11,556,695
641
15
2.8500
235,608,759
6,521,813
398
Bors, Bihor
3.1375
230,957,859
8,343,788
95
Bucuresti, Sector 2
ATLASSIB SRL
29
2.6250
221,452,570
12,671,324
1,283
Sibiu, Sibiu
TOTAL N S A SRL
22
2.7250
197,483,338
2,277,853
368
Saliste, Sibiu
INTERNATIONAL LAZAR COMPANY SRL
41
2.3500
188,360,967
4,103,047
461
Bascov, Arges
DUNCA EXPEDITII SA
19
2.7875
182,455,216
10,647,189
630
Dumbravita, Timis
DUMAGAS TRANSPORT SA
46
2.2875
171,893,056
-19,664,081
548
Podari, Dolj
ARCESE TRANSPORT SRL
38
2.4750
149,791,308
1,975,683
337
Dej, Cluj
TROTA ROMANIA SRL
42
2.3500
139,561,081
-3,216,069
415
Cluj-Napoca, Cluj
DUVENBECK LOGISTIK SRL

TRANSMEC RO SRL
GEFCO ROMANIA SRL
HARTLTRANS ROMANIA SRL

J.T. GRUP OIL SRL
3.1125
136,135,340
4,842,447
47
Timisoara, Timis
35
2.5500
136,039,265
4,386,673
41
Navodari, Constanta
3.1000
133,998,029
16,152,153
290
Bradu, Arges
HOEDLMAYR-LAZAR ROMANIA SRL
31
2.5750
133,691,429
-252,082
149
Bascov, Arges
RAVITEX SRL
20
2.7875
129,598,354
6,655,500
382
Oradea, Bihor
TRANS BITUM SRL
23
2.7250
128,029,693
1,458,944
266
Oradea, Bihor
TIR EXPRESS SRL
44
2.3250
126,839,500
304,245
244
Timisoara, Timis
H ESSERS SRL
13
2.9750
125,818,914
908,114
450
Oradea, Bihor
INTERNATIONAL ALEXANDER SRL
24
2.7250
117,736,620
4,759,004
379
Arad, Arad
LAGERMAX AUTOTRANSPORT SRL
21
2.7875
115,470,424
1,125,880
259
Curtici, Arad
SKIPTRANS SRL
11
3.0375
114,315,247
17,802,941
303
Cluj-Napoca, Cluj
28
REGIA AUTONOMA DE TRANSPORT URBAN

DE CALATORI CLUJ NAPOCA RA
18
2.8125
111,992,838
2,220,381
1,452
Cluj-Napoca, Cluj
29
30
31
LOGISTIC E VAN WIJK SRL
16
2.8500
109,988,571
7,091,221
307
Sannicoara, Cluj
CALBERSON ROMANIA SA
3.1000
109,398,319
1,381,842
289
Joita, Giurgiu
ORIENT SRL
10
3.0750
107,987,370
2,717,069
67
Radauti, Suceava
32
TRANSPECO LOGISTICS & DISTRIBUTION

SA
12
3.0375
105,705,742
40,140,523
342
Bucuresti, Sector 1
33
ROMFRACHT SPEDITION SRL
14
2.9500
101,382,296
3,528,965
79
Cernica, Ilfov
DIANTHUS COMPANY SRL
34
VLASE INTERNATIONAL SRL
54
2.0875
95,921,245
928,048
Gheorghe Lazar,
Ialomita
35
36
37
FARTUD SRL
30
2.6000
93,863,935
13,417,601
253
Ortisoara, Timis
FILIP SRL
43
2.3500
92,397,370
3,273,387
280
Arad, Arad
VOS LOGISTICS ROMANIA SRL
36
2.5125
87,405,295
1,243,561
226
Cluj-Napoca, Cluj
38
52
2.1250
77,214,317
1,365,030
1,265
Iasi, Iasi
39
REGIA AUTONOMA DE TRANSPORT PUBLIC

IASI RA
REGIA AUTONOMA DE TRANSPORT PUBLIC
PLOIESTI RA
37
2.5000
76,824,221
7,323,034
1,037
Ploiesti, Prahova
40
TRANS EURO EXPRESS 94 SRL
26
2.6625
74,792,690
10,517,325
279
Bucuresti, Sector 5
41
REGIA AUTONOMA DE TRANSPORT

TIMISOARA
27
2.6625
74,352,680
11,094,840
905
Timisoara, Timis
167-171 tabele Transport & Cargo.indd 167
10/28/15 6:17 PM
168
ROAD TRANSPORT
RANKING
BY
COMPANY NAME
TURNOVER
42
43
44
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
QUEHENBERGER LOGISTICS ROU SRL
51
2.2125
74,097,391
925,208
N/A
Pitesti, Arges
AGETAPS SRL
53
2.1000
71,568,635
422,858
343
Brasov, Brasov
VECTRA INTERNATIONAL SRL
39
2.4500
71,536,863
4,209,717
218
Brasov, Brasov
Miercurea Ciuc,
Harghita
Drobeta-Turnu
Severin, Mehedinti
Sfantu Gheorghe,
Covasna
45
WABERERS ROMANIA SA
28
2.6375
70,231,898
5,519,330
159
46
ALPHA CONSTRUCT SISTEM SA
47
2.2875
70,196,878
256,729
601
47
INT. TRANSPORTE POPOVICI SRL
45
2.3250
69,701,435
10,109,942
156
48
GALEX SRL
32
2.5750
68,310,931
1,557,658
203
Dumbraveni, Sibiu
49
TERRAVIA SRL
33
2.5750
68,301,644
5,341,238
159
Sannicolau Mare,
Timis
50
HOLLEMAN SPECIAL TRANSPORT &

PROJECT CARGO SRL
49
2.2625
67,995,573
699,180
105
Jilava, Ilfov
51
52
53
CARPAT CEMTRANS SRL
40
2.3875
63,955,469
50,481
64
Bucuresti, Sector 1
RHENUS LOGISTICS SRL
34
2.5750
63,417,807
988,865
56
Pitesti, Arges
CARTRANS PREDA SRL
50
2.2625
63,072,214
5,951,489
240
Ploiesti, Prahova
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.1500 2,036,566,942
69,915,106
13,195
Bucuresti, Sector 1
3.4000 1,065,722,878
9,941,229
22,040
Bucuresti, Sector 1
2.6500
-27,160,577
7,622
Bucuresti, Sector 1
RAIL TRANSPORT
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
RANKING
BY MCR
SCORING

FEROVIAR DE CALATORI CFR CALATORI SA
COMPANIA NATIONALA DE CAI FERATE
CFR SA
FEROVIAR DE MARFA - CFR MARFA - SA
GRUP FEROVIAR ROMAN SA

4
918,776,831
Bucuresti, Sector 1
www.gfr.ro
SORIN CHINDE
General Manager
MCR SCORING: 3.5000

PROFIT/ LOSS 2014 (RON): 39,140,102
5
6
7
8
9
10
11
12
13
METROREX SA
3.0625
569,036,251
4,079
REGIOTRANS SRL
3.0375
275,388,468
7,570,073
992
Brasov, Brasov
UNICOM TRANZIT SA
2.8500
247,865,457
12,695,196
811
Voluntari, Ilfov
Bucuresti, Sector 1
2.8000
183,785,490
5,995,370
33
13
2.4750
170,173,727
2,655,456
625
Cluj-Napoca, Cluj
2.7250
159,191,111
14,830,314
434
Bucuresti, Sector 3
GRAMPET SA
10
2.6375
115,762,124
236,582
92
Bucuresti, Sector 2
ROM RAIL TRANSPORT SRL
11
2.6125
86,653,859
2,485,891
Bucuresti, Sector 1
TRANSFEROVIAR CALATORI SRL
15
2.2000
81,501,140
2,390,933
239
Cluj-Napoca, Cluj
ROFERSPED SA
TRANSFEROVIAR GRUP SA
DB SCHENKER RAIL ROMANIA SRL
14
RAIL FORCE SRL
Brasov, Brasov
www.railforce.ro
RODICA BRANZARU
General Manager
MCR SCORING: 2.5500

PROFIT/ LOSS 2014 (RON): 44,181,648
15
16
Bucuresti, Sector 1
RC-CF TRANS SRL
14
2.4375
71,108,681
10,698,292
1,437
Brasov, Brasov
TRANSFER INTERNATIONAL SPEDITION SRL
16
1.9250
60,004,740
75,527
46
Bucuresti, Sector 2
10/28/15 6:17 PM
169
FREIGHT
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 5
SCHENKER ROMTRANS SA
3.3125
404,890,452
19,234,423
1,069
TTS (TRANSPORT TRADE SERVICES) SA
3.2625
284,599,408
25,364,367
52
Bucuresti, Sector 2
GEBRUDER WEISS SRL
2.9125
199,329,951
6,819,229
449
Bolintin-Deal, Giurgiu
DSV SOLUTIONS SRL
Dragomiresti-Vale, Ilfov
www.dsv.com/ro
SERGIU IORDACHE
General Manager
MCR SCORING: 3.2250

PROFIT/ LOSS 2014 (RON): 7,716,938
KUEHNE + NAGEL ROMANIA SRL
3.0375
174,289,007
3,504,929
269
Joita, Giurgiu
HARTL CONNECT TRANSPORT GMBH

AUSTRIA SUCURSALA TIMISOARA
2.9250
164,460,447
6,377,025
45
Timisoara, Timis
GOPET ROMANIA SRL
17
2.6375
142,165,792
-2,848,712
76
Bucuresti, Sector 2
CHINA SHIPPING (ROMANIA) AGENCY CO.

LTD SRL
3.1125
114,141,799
6,469,095
38
Bucuresti, Sector 4
KLG EUROPE LOGISTICS SRL
2.9750
110,166,691
5,614,108
276
Bolintin-Deal, Giurgiu
We define
the future of logistics
When you need practical solutions based on
cutting edge logistics experience, we deliver
10/28/15 6:17 PM
170
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COMPANY NAME
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MCR
SCORING
ANNUAL
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2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
15
2.6625
3.1375
106,799,825
-388,373
426
Dudestii Noi, Timis
101,824,669
2,015,676
128
Bucuresti, Sector 1
CONTACT
10
11
FM ROMANIA SRL
12
KARL HEINZ DIETRICH INTERNATIONAL

EXPED SRL
24
2.4125
86,261,027
13,887,941
563
Otopeni, Ilfov
13
14
15
16
17
18
19
DHL LOGISTICS SRL
10
2.8875
83,461,698
8,378,187
57
Otopeni, Ilfov
ALL CARGO EXPRES SRL
16
2.6500
83,145,318
5,183,652
N/A
Chisoda, Timis
TIBBETT LOGISTICS SRL
29
1.9750
79,230,484
-4,912,772
476
Chiajna, Ilfov
STEP ONE SPEDITION SRL
25
2.3875
69,302,416
4,769,084
92
Oltenita, Calarasi
EXPRESS - INTERFRACHT ROMANIA SRL
30
1.7625
67,732,558
-6,307,872
89
Otopeni, Ilfov
DELAMODE ROMANIA SRL
22
2.4500
67,720,321
477,238
137
Bucuresti, Sector 6
M&M MILITZER & MUNCH ROMANIA SRL
18
2.6125
67,037,384
2,549,953
40
Bucuresti, Sector 6
CARGO-PARTNER EXPEDITII SRL
20
I.B. CARGO SRL
Voluntari, Ilfov
www.ibcargo.com
CATALIN PUTINEANU
General Manager
MCR SCORING: 2.7375

PROFIT/ LOSS 2014 (RON): 4,257,164
21
22
23
24
25
26
27
28
29
ARIES LOGISTICS SRL
19
2.5500
61,822,142
3,574,738
11
NDL FRIGO LOGISTICS SRL
14
2.7000
58,167,190
2,444,922
204
Bucuresti, Sector 2
EUROPEAN LOGISTICS SRL
27
2.2625
57,483,591
1,922,843
184
Bascov, Arges
ROMEXPED GROUP SRL
26
2.3000
54,467,370
1,878,275
21
Bucuresti, Sector 5
ARIMEX SRL
11
2.8000
53,251,991
2,334,320
31
Bucuresti, Sector 4
BAREXIM SRL
28
2.1125
52,912,963
330,112
30
Bucuresti, Sector 2
INTERNATIONAL BUSINESS TRANSPORT SA
21
2.5125
52,568,506
265,457
100
Bucuresti, Sector 6
TIBBETT RETAIL SERVICES SRL
12
2.7625
48,760,936
5,246,946
231
Chiajna, Ilfov
OTZ CENTRAL SRL
23
2.4250
48,433,349
851,606
28
Chiajna, Ilfov
30
EXPEDITORS INTERNATIONAL
ROMANIA SRL
20
2.5500
48,144,595
4,836,419
24
Otopeni, Ilfov

RANKING
BY
COMPANY NAME
TURNOVER
1
2
COMPANIA NATIONALA 'ADMINISTRATIA

PORTURILOR MARITIME' - SA CONSTANTA
COMPANIA DE NAVIGATIE FLUVIALA
ROMANA NAVROM SA
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.3500
274,966,405
88,128,776
870
11
2.5375
225,615,273
-7,164,868
594
Galati, Galati
3
4
5
MSC ROMANIA SHIPPING SRL
2.9250
201,335,081
17,197,125
49
Bucuresti, Sector 1
GRUP SERVICII PETROLIERE SHIPYARD SRL
2.8250
181,469,415
10,857,022
237
16
2.4500
158,878,017
-17,090,762
143
CONSTANTA SOUTH CONTAINER

TERMINAL SRL
2.8500
152,774,732
65,870,708
459
ARVAL SERVICE LEASE ROMANIA SRL
N/A
N/A
146,610,812
29,790,971
42
Bucuresti, Sector 2
GAZPROMNEFT MARINE BUNKER

BALKAN SA
HORNBECK OFFSHORE OPERATORS, LLC
WILMINGTON SUCURSALA BUCURESTI
20
2.2375
138,663,486
-4,254,182
28
N/A
N/A
112,275,426
19,116,320
N/A
Bucuresti, Sector 1
OIL TERMINAL SA
2.6625
107,006,518
2,254,540
1,016
CHIMPEX SA
2.7000
106,640,964
33,143,341
245
9
10
11
TOMINI TRADING SRL
10/28/15 6:17 PM
171

RANKING
BY
COMPANY NAME
TURNOVER
12
13
14
15
16
17
18
19
20
21
ROMAR SHIPPING AGENCY SRL

NORTH STAR SHIPPING SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
2.8625
101,796,600
3,914,129
42
12
2.5125
97,461,012
24,740,948
151
2.6125
84,402,125
14,593,582
29
Bucuresti, Sector 3
UNITED SHIPPING AGENCY SRL
15
2.4750
80,438,149
34,104,204
290
VADECO SRL
17
2.4250
75,509,917
1,515,739
12
COMVEX SA
13
2.5000
70,453,357
10,893,627
210
MIDIA MARINE TERMINAL SRL
21
2.2000
65,627,582
16,771,297
107
Navodari, Constanta
LOGISTIC REMO SERVICES SRL
10
2.5500
63,603,332
7,002,462
18
SOCEP SA
18
2.3875
63,087,614
8,869,806
450
2.6125
60,432,594
5,091,594
27
Agigea, Constanta
22
REGIA AUTONOMA ADMINISTRATIA

FLUVIALA A DUNARII DE JOS GALATI RA
22
2.1625
57,121,954
2,398
622
Galati, Galati
23
MOORHOUSE LOGISTICS LTD SRL
14
2.4875
50,271,654
2,196,943
10
Bucuresti, Sector 3
24
COMPANIA NATIONALA ADMINISTRATIA

CANALELOR NAVIGABILE SA
19
2.2875
46,079,019
3,728,583
431
Agigea, Constanta
25
MINMETAL SA
23
1.8250
45,884,843
2,585,931
188
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.5625 1,138,713,562 -110,161,004
1,969
Otopeni, Ilfov
3.5625
776,891,483
57,506,685
1,537
Bucuresti, Sector 1
3.1625
667,102,471
809,629
504
Bucuresti, Sector 1
3.3750
647,113,165 122,089,409
1,245
Otopeni, Ilfov
TEAM LOGISTIC SPECIALISTS SRL
SILK ROUTE SHIPPING SRL
AIR TRANSPORT
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
COMPANIA NATIONALA DE TRANSPORTURI

AERIENE ROMANE TAROM SA
ADMINISTRATIA ROMANA A SERVICIILOR
DE TRAFIC AERIAN ROMATSA R.A.
BLUE AIR - AIRLINE MANAGEMENT
SOLUTIONS SRL
COMPANIA NATIONALA AEROPORTURI
BUCURESTI SA
RANKING
BY MCR
SCORING
5
6
GLOBE GROUND ROMANIA SRL
2.5375
73,845,750
12,582,949
792
Otopeni, Ilfov
CARPATAIR SA
19
1.6375
55,071,136
-6,729,878
124
Ghiroda, Timis
AUTORITATEA AERONAUTICA CIVILA

ROMANA RA
10
2.2625
47,722,166
3,695,700
211
Bucuresti, Sector 1
8
9
REGIONAL AIR SERVICES SRL
13
2.2000
44,577,595
3,109,317
114
Tuzla, Constanta
AIR BUCHAREST TRANSPORT AERIAN SRL
14
2.1750
43,309,565
180,251
35
Bucuresti, Sector 1
10
BOMBARDIER TRANSPORTATION SHARED

SERVICES ROMANIA SRL
2.4125
38,329,164
284,414
333
Cluj-Napoca, Cluj
11
12
13
AEROPORTUL CLUJ NAPOCA R.A.
16
1.9500
37,150,069
286,646
238
Cluj-Napoca, Cluj
TEN AIRWAYS SRL
15
2.0750
31,895,557
-12,137,960
140
Bucuresti, Sector 1
ION TIRIAC AIR SA
17
1.8000
30,867,413
-17,785,120
26
Otopeni, Ilfov
SOCIETATEA NATIONALA AEROPORTUL

INTERNATIONAL TIMISOARA TRAIAN VUIA SA
18
1.7625
25,686,071
706,174
240
Ghiroda, Timis
ROMANIAN AIRPORT SERVICES SA
2.3875
23,277,839
3,044,296
170
Bucuresti, Sector 1
AEROCENTER SRL
2.3625
21,344,301
453,347
14
Cluj-Napoca, Cluj
11
2.2625
21,186,559
261,046
89
Timisoara, Timis
2.3625
20,342,920
2,307,837
21
Bucuresti, Sector 1
12
2.2250
19,602,966
268
Mihail Kogalniceanu,
Constanta
14
15
16
17
18
19
WORLD MEDIATRANS SRL

REGIONAL AIR SUPORT SRL
SOCIETATEA NATIONALA AEROPORTUL
INTERNATIONAL MIHAIL KOGALNICENUCONSTANTA SA
10/28/15 6:17 PM
172
172-174 opinie air france.indd 172
11/2/15 1:40 PM
173
INTERVIEW
CUSTOMERS REMAIN
THE CORE OF OUR
BUSINESS, IN THE AIR
AND ON THE GROUND
Alexandru Dobrescu, Country Manager, AIR FRANCE KLM ROMANIA
1.
How would you describe the airline industry

after the crisis? Did you see any turning
point? What can you tell us about the
customer experience?
Our strategy was to adapt to the course of the global
economy, not only by reducing costs but also by
consolidating our key routes (Northern, Southern and
Central America, Africa and Asia) and major hubs, Paris
Charles de Gaulle and Amsterdam Schiphol. Relevant,
our customers remain the core of our
business, in the air and on the ground. We
make sure their experience with AIR
FRANCE KLM is remarkable, offering
them an extended range of options, as well
as significant improvements for the user
convenience in terms of bookings,
issuance of travel documents and check-in
facilities. We have invested and developed
our own air and on ground products,
included high tech entertainment facilities
available on the long haul flights, as well as
mobile applications for our customers to
be fully informed.
If you compare 2015 with any
of the previous years, which
one would you say was similar and why?
Every year is different in our industry. We are strongly
technology dependent and one cannot relate to previous
years without an extensive business elucidation, simply
because the environment changes and evolves at rocket
speed. To sum up, starting 2012 and up until 2020 AIR
FRANCE KLM is set to great changes and investments
resulting in further developing our product, e.g.:
2.
destination map, refurbish & reshape airplanes and

travel cabins, develop communication channels with
our passengers etc.
In an industry where covering costs in the
short-term is probably more important
than making profits, what makes AIR
FRANCE KLM unique, at a regional level?
AIR FRANCE KLM is customer centric, that is to say
we work to provide high-quality innovative products
and a safe, efficient, service-oriented
operation. Being a top player, we offer our
customers global access through our
extensive network of destinations and
hubs, regardless of their place of departure.
Moreover, we measure our profit growth
through our contribution to the economic
and social development of the regions
where AIR FRANCE KLM operates.
New technology means less
expensive ways for companies
to do business and this surely
impacts the customer flow. What does
the airline industry do in order to
maintain its customers?
New technology impacts the airline
industry in many ways, one of which you mentioned
above. However, the overall impact of new technology is
doubtlessly a positive one: advanced aircraft technology,
IT solutions and mobile technology, they all generate
cost reductions and an improvement in operations for
all big airline companies. Our current battle is to create
better connectivity and enhance passengers travel
experience.
3.
WE MEASURE OUR
PROFIT GROWTH
THROUGH OUR
CONTRIBUTION TO
THE ECONOMIC
AND SOCIAL
DEVELOPMENT OF
THE REGIONS
WHERE WE
OPERATE.
4.
11/2/15 1:40 PM
174
5.
One of the particularities of the Romanian

economy is the huge number of nationals
working abroad. There are also business
trips, leisure trips and other personal trips to take
into consideration. How did each of the segments
evolve in 2014?
In 2014, the Romanian market had the benefit of a
growing demand for intercontinental destinations, in
both business and leisure trips. Moreover, there was as
well an increase in the number of Romanian customers
choosing AIR FRANCE KLM high-end products,
Business Class or La Premiere.
2014 and 2015 were full of surprises in
terms of energy prices, particularly the low
oil price. Has the airline industry
experienced a price deflation? Have companies used
the extra cash to heal the wounds caused by the
crisis? Has the money been redirected to bigger
investments?
Fuel related costs is just one element of the entire
pricing policy in the airline industry, therefore an
analysis of prices evolution would not be of great
relevance from this perspective. Our main goal is to offer
access for world-wide travel to a larger group of
customers, not only by reducing costs and offering
affordable fare levels in the Economy class, but also by
offering a better passenger experience from the moment
of the booking throughout the journey.
6.
7.
What constitutes a good year for AIR

FRANCE KLM, from a Romanian
perspective?
In 2015, AIR FRANCE KLM succeeded to offer an
additional flight from Bucharest to Paris, thus increasing
to 4 daily flights operated by Air France, next to the 2
daily flights operated in code-share with our SkyTeam
partner, TAROM.
In terms of passenger flow, how was 2014
for AIR FRANCE KLM?
Between 2010 and 2014, I am pleased to say
we experienced a continuous annual increase in
passenger traffic. The year of 2014 came with 87.4
million passengers carried by AIR FRANCE KLM to 316
destinations in 115 countries.
What would you say is the correlation
between the national economic growth and
the growth of the airline industry (for
instance, all other things being equal, a 4% economic
growth leads to a x% increase in the number of
passengers)?
AIR FRANCE KLM is a global player, bridging
continents and facilitating travel between several
countries and Romania through its hubs in Paris and
Amsterdam. From this perspective, the matrix growth
on number of passengers is a more complex exercise,
whereby the growth of national economy is also having
a say.
8.
9.
11/2/15 1:40 PM
Pari s C h ar le s de G au lle ai r P ort
Efficiency and Convenience
in the Center
Comfort in
of the world
e ve ry mom e n t
Paris charles de gaulle
airport (cdg) is
europes third
most important
airline hub:
34 million
passengers
per year with
overall
satisfaction.
every third passenger

is in fact here only
to change planes to
cities worldwide.
CDG
143
91%
1/3
Pa s s e nG e r s
awarded
innovations
and planes
92,000
passengers
cdg serves
and
flights per day on average.
670
Cdg reCeived the
worlds most imProved airPort
awa r d f r o m B r i t i s h a i r l i n e a n d a i r p o r t r at i n g C o m p a n y s k y t r a x .
Where Waiting becomes

entertainment:
the boarding areas offer
movies and games,
massage and beauty
services, fun activities for
children and adults,
and Free, unlimited WiFi.
insPired
6,000
B y n at U r e
the terminals corridors leading to the

boarding gates imitate a stroll in the
city with 6000 sqm of shops, bars
and restaurants, while the passengers
waiting area was inspired by nature.
aPP
touCh sCreen
i n f o d i s p l ay s
there are numerous
touch screen information
displays, which recognise
your boarding card,
and will share all
100%
d i g i ta l a i r p o r t
neCessary information
with the passengers

so that they can get
from one gate to
the next without
unnecessary detours.
taBlets
in loUnGes
experienCe is guaranteed
By the 700 self-serviCe
kio s k s de p loy e d aC ro s s
the air franCe-klm network,
as well as the
24/7 Customer serviCe
p rov i de d i n 1 4 l ang uag e s
on soCial media.
In the long-term,
nearly 150
tablets will equip
all air France
lounges
at Paris-Charles
de gaulle.
150
AF_CDG_info.indd 5
175 R air france.indd 175
Pleasures
B e f o r e t r av e l
there are roWs oF trendy and Fashionable

excellent
cozy
and
With sParkling
atmosPhere to entertain you.
shops,
cafs
restaurants,
bars
m y way
the mobile
application
my Way
aroports
de Paris
for example
helps
passengers
find their
way around
the airport.
la Premire
Best of the world
air Frances
la Premire
lounge has
been classified
the worlds
number one
first-class
waiting area.
No.1
10/5/15 4:49 PM
10/27/15 1:24 PM
Move your business to better

Descoper Toyota Hybrid
Prius
Yaris Hybrid
i facem oferii mai fericii

+ Condusul devine o experien rafinat, lin i
relaxant
+ Un portofoliu de 3 modele, cu 4 tipuri diferite
de caroserie i dimensiuni ce variaz de la Yaris
pn la Prius
+ n 2015 vor fi lansate 15 modele noi sau
mbuntite de Toyota & Lexus Hybrid
i reducem amprenta de carbon
+ Emisii CO2 foarte sczute, ce previn nclzirea

global
+ Spre deosebire de diesel, emisiile reduse de
particule n suspensie i noxe ocrotesc mediul i
sntatea
176 R toyota.indd 176
Auris Hybrid
Auris Touring Sports

Hybrid
i scdem cheltuielile companiei

+ Consum redus de combustibil (de la 3,1l/100km)
+ 95% reducere la impozitul anual
+ Zero taxa de prim nmatriculare
+ Costuri mici de ntreinere
+ Tehnologie consacrat, ndelung testat i
mbuntit continuu, i valoare rezidual
competitiv
+ Programe de finanare dedicate, adaptate
nevoilor individuale
Servicii Integrate Post-Vnzare la nivel naional
prin reeaua de dealeri Toyota.
i oferim alegerea potrivit, att pentru astzi,
ct i pentru viitor
+ Vnzrile globale de Toyota & Lexus Hybrid
depesc 8 milioane de uniti, confirmnd astfel
faptul c oferta noastr de Hybrid e cea mai bun
alegere pentru tine i oferii companiei.
10/27/15 1:33 PM
AUTOMOTIVE
INDUSTRY
AUTOMOTIVE PRODUCERS AND IMPORTERS
CAR DEALERS
AUTOMOTIVE PARTS PRODUCERS
AUTOMOTIVE PARTS DISTRIBUTORS
177 garda Automotive Industry.indd 177
10/27/15 1:41 PM
178
MCR AUTOMOTIVE
178-180 opinie toyota.indd 178
10/28/15 3:35 PM
179
INTERVIEW
COMPANIES, THE MAIN

DRIVERS FOR GROWTH
ON THE AUTOMOTIVE
MARKET
George Kyriazis, Toyota Romania, Managing Director Balkans (Romania, Bulgaria, Macedonia, Albania)
1.
How do you see the evolution of the auto

market in 2015 in Romania? What are the
main drivers of growth?
In 2015 we expect the market to continue the growing
trend registered last year. The situation for the first 8
months of the year shows an increase of about 10% and
by the end of the year we see similar evolution. The
main drivers for growth are companies. The Scrapping
Program has helped the overall market, but still with
limited impact of the Individual market, only 23% from
the total market.
Do you see any structural
changes in the auto market
(relative to your expectations
for 2015)?
No major changes, except 2 key
elements: we are happy to see more and
more companies and individuals
orientated towards eco-friendly products.
Therefore, the hybrids and electric cars
have doubled the sales, to 272 units in
2015, cumulative for the first 8 months.
This is even more important for us, as
210 units out of total 272 belong to
Toyota and Lexus, and 19 are electric cars. On the other
hand, the used car market has increased and at this
stage we have 3.7 used cars at 1 new car. This shows
that the scrapping program has not really produced the
expected outcome as long as it was designed to renew
the Romanian Car Park with new eco-friendly cars.
In terms of the number of units sold per
year, what is the potential of the Romanian
market? What stops the market from
achieving its potential?
2.
3.
This is a long discussion. If we take into account our

penetration/ per 1,000 habitants, we are far behind
European Union countries. In Bucharest, our
penetration is in line with the European Union, 540
cars/ 1,000 habitants, but in the province we are behind.
Actually, Romania and Bulgaria have the lowest
penetration. Judging from this perspective, our market
potential is at 300,000 units. On the other hand, if we
judge the potential of the market based on our
infrastructure, we cannot grow above 5% per year. Also,
the individual market is still behind the
European Union. For the last 7 years, the
individual market is only 20% of total
market. The fact that individuals have
limited access to credit due to restrictive
scorings, affects the development of the
automotive market.
So far, in 2015, have more cars
been purchased by companies
or by individuals? Please detail
the reasons behind this evolution.
Companies represent the driver for
growth in 2015, being above 75% of the
total market. Also for Toyota, companies
are the major driver as we now have solutions for all
categories of cars needed by a company, irrespective of
the companys profile. On top of this, our Total Cost of
Ownership is becoming more appealing due to our
presence in the major segments with Hybrid models
(Yaris and Auris).
Do you see any impulse for growth coming
from the credit market?
This year, I can see several tempting offers for
the individuals, but still the qualification criteria are
WE ARE HAPPY TO
SEE MORE AND
MORE COMPANIES
AND INDIVIDUALS
ORIENTATED
TOWARDS ECOFRIENDLY
PRODUCTS.
4.
5.
10/28/15 3:35 PM
180
MCR AUTOMOTIVE
restrictive. Therefore, the individual market is still

limited at 23%, driven by the Scrapping Program.
What is your biggest fear for 2015-2016 in
terms of growth?
Recently, I can see many discussions about
building charging infrastructure for the electric cars.
This is great as long as the state is also willing to support
such initiatives. But, the most important thing for us
and for the automotive market is to have road
6.
infrastructure. Our efforts of producing and trading

cars eco-friendly will be in vane if no adequate highways
and roads are in place. Another important factor to
support the growth is the involvement of our state in
supporting the hybrid, electric and another eco-friendly
car. Recently, we have launched Toyota Mirai with
hydrogen propulsion. It is a fantastic car, but without
state support, this model is too expensive for our
market.
10/28/15 3:35 PM
181
AUTOMOTIVE PRODUCERS AND IMPORTERS

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
RANKING
BY MCR
SCORING
AUTOMOBILE DACIA SA
FORD ROMANIA SA
PORSCHE ROMANIA SRL
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
18,833,365,417 401,188,632
14,063
Mioveni, Arges
MCR
SCORING
3.7750
N/A
N/A
4.3875
4,053,284,595
25,358,617
3,143
Craiova, Dolj
1,769,081,685 103,706,858
134
Voluntari, Ilfov
MERCEDES-BENZ
ROMANIA SRL
Voluntari, Ilfov
www.mercedes-benz.ro
BORIS BILLICH
CEO
MCR SCORING: 4.0125

ANNUAL TURNOVER 2014 (RON): 1,091,372,617
PROFIT/ LOSS 2014 (RON): 21,546,068
TOYOTA
ROMANIA SRL
Voluntari, Ilfov
www.toyota.ro
GEORGE KYRIAZIS
Managing Director Balkans
MCR SCORING: 3.5500

PROFIT/ LOSS 2014 (RON): 5,494,281
6
7
EVW HOLDING SRL
3.1625
319,090,467
5,810,096
490
Gilau, Cluj
TRUST MOTORS SRL
3.2000
309,078,050
9,637,297
91
Bucuresti, Sector 6
BMW VERTRIEBS GMBH SALZBURG

SUCURSALA BUCURESTI
3.3625
294,396,257
6,461,027
16
Bucuresti, Sector 1
9
10
11
12
13
14
AUTO ITALIA IMPEX SRL
11
2.3250
250,427,592
-4,769,004
119
Bucuresti, Sector 2
3.0500
221,848,507
13,212,176
30
Bucuresti, Sector 1
10
2.6750
163,456,872
3,714,642
40
Bucuresti, Sector 1
2.8625
111,506,612
2,795,257
20
Bucuresti, Sector 1
M CAR TRADING SRL
12
2.2375
75,127,252
1,123,112
23
Bucuresti, Sector 1
HONDA TRADING ROMANIA SRL
13
1.8625
59,238,190
-1,832,973
15
Bucuresti, Sector 2
PREMIUM AUTO SRL

HYUNDAI AUTO ROMANIA SRL
KIA ROMAUTO SRL
CAR DEALERS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
RENAULT COMMERCIAL ROUMANIE SRL
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
4.3250 1,876,722,128
33,126,542
167
Bucuresti, Sector 6
MCR
SCORING
TIRIAC
AUTO SA
Bucuresti, Sector 1
www.tiriacauto.ro
DANIEL ANTOR
Director General
MCR SCORING: 3.4750

PROFIT/ LOSS 2014 (RON): -4,983,459
3
4
5
6
7
8
9
10
11
12
13
14
181-184 tabele automotive.indd 181
PORSCHE INTER AUTO ROMANIA SRL
3.6000
681,322,558
1,470,892
360
Voluntari, Ilfov
AUTOMOBILE BAVARIA SRL
2.8875
324,939,834
-501,740
177
Otopeni, Ilfov
3.1375
324,032,523
4,467,738
137
Bucuresti, Sector 6
AUTOKLASS CENTER SRL
14
2.6625
295,436,985
2,180,281
317
Bucuresti, Sector 4
VOLVO ROMANIA SRL
16
2.5750
184,831,836
2,679,860
235
Bucuresti, Sector 6
IVECO ROMANIA SRL
18
2.4875
178,212,013
5,072,367
26
Bucuresti, Sector 1
IVECO TRUCK SERVICES SRL
22
2.3875
173,698,727
24,005
149
Glina, Ilfov
RADACINI MOTORS SRL
2.8875
170,871,255
10,798,272
215
Bucuresti, Sector 6
SCANIA ROMANIA SRL
19
2.4500
140,257,960
-331,134
139
Ciorogarla, Ilfov
3.0125
126,420,350
5,248,822
205
Pantelimon, Ilfov
N/A
N/A
125,514,318
-5,193,260
344 Dragomiresti-Deal, Ilfov
29
2.2000
119,453,148
-3,134,673
231
MHS TRUCK & BUS SRL
AVIA MOTORS SRL

AUTOMOTIVE INVESTMENT CORPORATION SRL
MIDOCAR SRL
Bucuresti, Sector 1
10/27/15 1:57 PM
182
MCR AUTOMOTIVE
CAR DEALERS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Scheia, Suceava
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
EUROSPEED SRL
13
2.7000
115,012,984
3,758,575
104
EURO TEHNO GROUP SRL
10
2.8875
111,541,921
3,945,042
125
Pitesti, Arges
SERVICE AUTO SERUS SRL
2.9750
105,343,483
5,265,169
275
Bucuresti, Sector 6
RMB INTER AUTO SRL
2.9500
102,906,981
1,875,259
160
Cluj-Napoca, Cluj
GRADINARIU IMPORT EXPORT SRL
15
2.6125
99,568,687
6,793,702
42
Bucuresti, Sector 3
UNION MOTORS CAR SALES SRL
38
1.6375
93,901,498
-750,235
55
Otopeni, Ilfov
AUTO SCHUNN SRL
30
2.2000
92,379,786
508,232
119
Arad, Arad
AUTOWORLD SRL
25
2.2625
88,827,381
607,302
136
Cluj-Napoca, Cluj
N/A
N/A
87,696,651
1,011,066
BRADY TRADE SRL
11
2.7625
87,301,217
1,556,267
131
Bucuresti, Sector 6
CARLEX INTERNATIONAL SRL
17
2.5500
85,449,035
2,214,297
11
Bucuresti, Sector 6
NURVIL SRL
23
2.3875
82,676,296
2,329,813
146 Ramnicu Valcea, Valcea
BUSINESS DEVELOPMENT TEAM SRL
36
1.8250
81,216,433
1,711,301
102
Bucuresti, Sector 6
AUTO COBALCESCU SRL
37
1.7875
73,582,182
-8,828,421
593
Bucuresti, Sector 3
PROLEASING MOTORS SRL
26
2.2625
72,499,316
2,127,330
110
Blejoi, Prahova
RMB CASA AUTO TIMISOARA SRL
32
2.1375
70,863,924
-297,925
95
Timisoara, Timis
31
AUTO ALEX SRL
12
2.7625
68,033,530
3,337,684
124
Moldova Noua,
Caras-Severin
32
33
34
35
36
37
38
39
40
41
CYBERNET AUTO CENTER SRL
24
2.3250
63,431,673
173,186
97
Bacau, Bacau
ALIAT AUTO SRL
20
2.4500
60,851,171
617,868
65
Targu Mures, Mures
CTE TRAILERS SRL
31
2.1750
59,188,311
1,147,332
47
Ciorogarla, Ilfov
COMPEXIT TRADING SRL
35
1.9500
56,772,630
1,363,495
118
Cluj-Napoca, Cluj
EXCLUSIV AUTO ENB SRL
ATP EXODUS & CO SRL
N/A
N/A
53,395,448
1,384,379
66
MIT MOTORS INTERNATIONAL SRL
21
2.4250
53,224,992
2,038,215
48
Bucuresti, Sector 1
APAN MOTORS SRL
34
2.0500
53,132,488
1,725,799
45
Braila, Braila
INCHCAPE MOTORS SRL
33
2.1375
51,538,239
532,585
56
Voluntari, Ilfov
NESTE AUTOMOTIVE SRL
27
2.2625
51,372,136
1,434,002
54
Bucuresti, Sector 1
TOPDEA SRL
28
2.2375
50,377,408
840
Brasov, Brasov
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
4.5000 2,670,510,010 716,324,166
2,239
Timisoara, Timis
Brasov, Brasov

RANKING
BY
COMPANY NAME
TURNOVER
CONTINENTAL AUTOMOTIVE
PRODUCTS SRL
2
3
4
5
6
7
8
9
10
AUTOLIV ROMANIA SRL
RANKING
BY MCR
SCORING
1
MCR
SCORING
15
3.8375 2,439,910,191
65,014,684
6,893
CONTINENTAL AUTOMOTIVE SYSTEMS SRL
4.1250 2,385,695,028
47,864,490
2,896
Sibiu, Sibiu
MICHELIN ROMANIA SA
4.0625 2,095,523,404 137,605,605
2,698
Voluntari, Ilfov
Timisoara, Timis
CONTINENTAL AUTOMOTIVE ROMANIA SRL

TAKATA ROMANIA SRL
SCHAEFFLER ROMANIA SRL
16
2
13
3.8125 2,049,172,547
-41,838,879
4,489
4.3750 1,978,144,756 116,348,473
4,103
Arad, Arad
3.8750 1,738,347,574
30,342,867
3,868
Cristian, Brasov
PIRELLI TYRES ROMANIA SRL
4.1875 1,670,582,079 103,575,249
2,282
Slatina, Olt
DELPHI DIESEL SYSTEMS ROMANIA SRL
4.0000 1,508,109,139 152,431,450
1,778
Bratuleni, Iasi
JOHNSON CONTROLS ROMANIA SRL
4.0000 1,460,796,608 176,381,410
4,163
Bradu, Arges
11
DELPHI PACKARD ROMANIA SRL
12
3.9000 1,303,047,581
39,308,050
7,598
Sannicolau Mare,
Timis
12
TRW AUTOMOTIVE SAFETY SYSTEMS SRL
20
3.6875 1,279,841,416
-9,402,169
2,931
Timisoara, Timis
10/27/15 1:57 PM
183

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
4.2500 1,196,244,559
98,320,695
2,054
Ghiroda, Timis
Bistrita,
Bistrita-Nasaud
MCR
SCORING
13
HELLA ROMANIA SRL
14
LEONI WIRING SYSTEMS RO SRL
18
3.7500
916,399,405
19,850,978
4,348
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
MARQUARDT SCHALTSYSTEME SCS
24
3.5000
912,934,059
47,025,807
1,764
Sibiu, Sibiu
4.0000
803,233,863
22,086,233
4,535
Ploiesti, Prahova
YAZAKI COMPONENT TECHNOLOGY SRL
22
3.6000
752,472,148
13,472,421
999
Arad, Arad
LEONI WIRING SYSTEMS ARAD SRL
23
3.5625
728,169,715
8,962,005
4,565
Arad, Arad
CONTITECH ROMANIA SRL
17
3.8125
683,050,313 123,792,388
1,547
Timisoara, Timis
RENAULT MECANIQUE ROUMANIE SRL
27
3.4750
648,651,116
14,740,650
632
Mioveni, Arges
C.R.H. ROMANIA SRL
28
3.4750
565,330,578
-2,319,550
713
Jimbolia, Timis
PREH ROMANIA SRL
10
3.9750
548,277,247
32,574,234
720
Ghimbav, Brasov
KROMBERG & SCHUBERT ROMANIA SRL
14
3.8750
530,873,679
9,251,910
2,139
Timisoara, Timis
WEBASTO ROMANIA SRL
30
3.4000
527,284,283
16,856,641
N/A
Zimandu Nou, Arad
ROBERT BOSCH SRL
33
3.2875
519,970,810
9,518,013
671
Bucuresti, Sector 1
EURO AUTO PLASTIC SYSTEMS SRL
11
3.9750
511,523,443
59,223,131
623
Mioveni, Arges
LEAR CORPORATION ROMANIA SRL
43
3.0000
475,793,632
20,800,423
2,872
Pitesti, Arges
SE BORDNETZE SRL
34
3.2500
466,440,823
9,248,277
3,112
Buchin, Caras-Severin
TAKATA SIBIU SRL
25
3.5000
448,242,015
83,734,436
2,244
Sibiu, Sibiu
COMPA SA
32
3.3500
421,121,804
28,609,379
1,660
Sibiu, Sibiu
LEONI WIRING SYSTEMS PITESTI SRL
26
3.5000
412,214,999
23,265,410
2,047
Bascov, Arges
QUIN ROMANIA SRL
19
3.7500
407,274,554
56,741,308
1,550
Ghimbav, Brasov
CONTINENTAL POWERTRAIN ROMANIA SRL
57
2.6000
399,734,817
-59,900,014
607
Ghimbav, Brasov
34
JOHNSON CONTROLS
FABRICS ROMANIA SRL
GLOBAL E-BUSINESS
OPERATIONS CENTRE SRL
BOS AUTOMOTIVE PRODUCTS ROMANIA
SOCIETATE IN COMANDITA SIMPLA
DRM DRAXLMAIER ROMANIA SISTEME
ELECTRICE SRL
35
3.2000
354,193,290
8,932,299
132
Timisoara, Timis
29
3.4375
345,186,561
28,565,698
2,895
Bucuresti, Sector 2
21
3.6625
314,984,386
15,812,439
781
Arad, Arad
51
2.8375
289,863,121
15,533,757
6,409
35
36
37
YAZAKI ROMANIA SRL
38
39
40
41
FAURECIA SEATING TALMACIU SRL
42
3.0250
278,815,588
10,020,932
N/A
Talmaciu, Sibiu
MAHLE COMPONENTE DE MOTOR SRL
40
3.0375
272,773,248
9,920,426
482
Timisoara, Timis
KROMBERG & SCHUBERT ROMANIA ME SRL
31
3.3750
260,429,688
4,598,490
2,169
Medias, Sibiu
STAR TRANSMISSION CUGIR SRL
52
2.8125
255,961,535
7,722,631
1,254
Cugir, Alba
42
LISA DRAXLMAIER
AUTOPART ROMANIA SRL
45
2.9375
249,982,325
13,379,756
3,002
Pitesti, Arges
43
44
ROLEM SRL
61
2.3500
236,833,161
-4,096,119
585
Codlea, Brasov
VALEO SISTEME TERMICE SRL
36
3.2000
225,333,757
22,809,605
91
Mioveni, Arges
45
TMD FRICTION ROMANIA SRL
50
2.8500
215,440,346
81,382,718
405
Caransebes,
Caras-Severin
46
47
HIRSCHMANN ROMANIA SRL
62
2.3500
214,015,906
33,346
582
Sanpaul, Mures
CALSONIC KANSEI ROMANIA SRL
58
2.6000
210,376,650
5,783,963
439
Ploiesti, Prahova
48
RAAL SA
49
2.8750
207,543,190
23,876,843
1,536
Bistrita,
Bistrita-Nasaud
49
50
51
52
53
EDUARD HARTMANN ROMANIA SRL
37
3.1000
197,199,955
12,073,420
441
Cisnadie, Sibiu
MW ROMANIA SA
44
2.9750
178,028,405
26,857,048
321
Dragasani, Valcea
HONEYWELL GARRETT SRL
60
2.5250
172,580,641
15,079,981
N/A
Bucuresti, Sector 6
3M ROMANIA SRL
46
2.8875
165,078,295
26,253,744
88
Bucuresti, Sector 1
THYSSENKRUPP BILSTEIN COMPA SA
56
2.7250
154,743,359
13,629,291
458
Sibiu, Sibiu
10/27/15 1:57 PM
184
MCR AUTOMOTIVE

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
54
55
56
57
58
59
ECKERLE AUTOMOTIVE SRL
41
3.0375
151,584,682
3,404,771
779
Cluj-Napoca, Cluj
DAR DRAXLMAIER AUTOMOTIVE SRL
53
2.8125
145,306,415
8,165,619
2,440
Timisoara, Timis
BRANDL RO SRL
55
2.7875
144,124,099
4,122,794
575
Sibiu, Sibiu
MGI COUTIER ROM SRL
38
3.1000
130,699,481
16,471,372
343
Ghiroda, Timis
NADAB AUTOMOTIVE COMPONENTS SRL
59
2.5625
129,253,922
1,682,360
1,230
Nadab, Arad
COGEME SET RO SRL
47
2.8875
127,024,913
15,157,389
239
Micesti, Arges
60
INERGY AUTOMOTIVE SYSTEMS

ROMANIA SRL
DTR DRAXLMAIER SISTEME TEHNICE
ROMANIA SRL
48
2.8875
119,322,203
8,069,887
125
Pitesti, Arges
54
2.8125
112,059,644
4,130,468
1,152
Codlea, Brasov
61
AUTOMOTIVE PARTS DISTRIBUTORS

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
AUTONET IMPORT SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.7875
806,768,216
33,795,533
882

Bucuresti, Sector 4
3.6000
576,981,848
16,814,750
910
10
2.7625
353,919,235
937,383
90
Cluj-Napoca, Cluj
GOODYEAR DUNLOP TIRES ROMANIA SRL
2.9250
333,597,289
4,096,586
44
Bucuresti, Sector 1
AUGSBURG INTERNATIONAL IMPEX SRL
3.2875
320,466,495
4,639,740
302
Chiajna, Ilfov
AUTOCORA SRL
3.0500
298,623,768
10,212,436
DINAMIC 92 DISTRIBUTION SRL
3.0125
182,547,757
9,030,009
235
Piatra Neamt, Neamt
UNIX AUTO SRL
2.9125
180,378,545
204,828
406
Cluj-Napoca, Cluj
DURA AUTOMOTIVE ROMANIA SRL
16
2.5375
175,815,620
1,446,563
769
Ghiroda, Timis
ATP - EXODUS SRL
11
2.7250
160,887,017
1,896,907
341
Sasar, Maramures
ELIT ROMANIA PIESE AUTO ORIGINALE SRL
24
2.2250
159,112,531
-3,445,001
325
Bucuresti, Sector 2
BRIDGESTONE ROMANIA SRL
22
2.3000
158,927,168
-663,820
Bucuresti, Sector 2
CONEX DISTRIBUTION SA
2.9750
138,884,751
6,985,508
338
Iasi, Iasi
COM DIVERS AUTO RO SA
12
2.7250
128,586,488
2,279,301
380
Bascov, Arges
TROST AUTO SERVICE TECHNIK SRL
19
2.4125
124,566,453
-14,143,699
287
Bucuresti, Sector 6
16
NEXXON SRL
13
2.7000
107,098,826
3,606,598
148
Targu Secuiesc,
Covasna
17
18
BARDI AUTO SRL
3.1000
106,998,245
3,807,198
303
Chiajna, Ilfov
MATEROM SRL
25
2.2000
96,434,491
241,716
242
Cristesti, Mures
19
EUROMASTER TYRE & SERVICES

ROMANIA SA
29
1.8875
87,769,409
-2,367,298
130
Voluntari, Ilfov
20
21
22
23
24
25
26
27
28
AUTO SOFT SERVICE ROTI SRL
20
2.3875
82,788,352
1,228,116
103
Fundeni, Ilfov
SYLY COM SRL
18
2.4875
76,280,005
699,687
19
Braila, Braila
PROINVEST SRL
23
2.2625
75,720,414
489,413
AUTO GROUP C.M.B. SRL
27
2.0750
74,410,225
-1,627,745
69
Arad, Arad
MARSOROM SRL
28
2.0750
71,773,490
244,709
98
Ernei, Mures
DELTA PLUS TRADING SRL
17
2.5125
66,795,038
457,250
107
Pitesti, Arges
DOMPLEX PLUS SRL
30
1.8625
66,654,491
360,904
37
Arad, Arad
SPEEDY DRIVER SRL
14
2.7000
59,072,153
1,356,335
63
Nadlac, Arad
SIGEMO IMPEX SRL
15
2.7000
58,495,976
4,500,464
99
Selimbar, Sibiu
AD AUTO TOTAL SRL

INTER CARS ROMANIA SRL
29
IMPAR SRL
26
2.2000
56,668,633
346,309
81
Odorheiu Secuiesc,
Harghita
30
MAVIPROD SRL
21
2.3250
53,049,986
5,783,984
62
Reghin, Mures
10/27/15 1:57 PM
185 R veolia res.indd 185
10/27/15 1:58 PM
186 R EY.indd 186
10/27/15 1:59 PM
PROFESSIONAL
SERVICES
MANAGEMENT CONSULTING COMPANIES
AUDIT, ACCOUNTING, FAS AND TAX COMPANIES
OUTSOURCING
EXECUTIVE SEARCH
TRAINING & PROFESSIONAL QUALIFICATION
HR MANAGEMENT AND RECRUITMENT
PAY-ROLL
CERTIFICATION COMPANIES
MARKET RESEARCH COMPANIES
LEGAL
187 garda Professional Services.indd 187
10/27/15 8:58 PM
188
MCR PROFESSIONAL SERVICES
188-190 opinie bearing point.indd 188
10/27/15 2:04 PM
189
INTERVIEW
BUSINESS CONSULTING
A CATALYZER FOR
INNOVATION AND
ECONOMIC CHANGES
Christian Gurny, Country Leader, BearingPoint Romania
1.
How do you see the business consulting

services market in 2015? What is the major
difference compared to 2014?
Overall, global uncertainty, as well as the downturn
in the BRIC states shift operations back in the home
regions. The election of the president Klaus Iohannis,
as a reliable western oriented politician consolidates
Romanias position in Europe. Romania is aligned to
the EU, has a highly skilled workforce,
economic and political stability and is
still very cost effective. All these reasons
lead to enormous opportunities in both
production and services sectors. Thereof
will benefit the local and foreign
markets. For us, we have seen growth in
the financial services domain, especially
with banks and insurance companies,
based on regulatory requirements,
namely Basel III and Solvency II.
The
business
consulting
market might be seen as a
proxy for future growth. Do
you agree with this statement? If so, what does this
proxy tell us? If you do not agree, can you please
motivate the answer?
Business consulting brings innovation and is an
enabler for growth. Business consulting supports the
transformation from solid strategies to successful
operations, leading into higher profitability.
BearingPoint combines business consulting with
technology consulting, providing end to end solutions
with measurable results for our clients. Saying that,
business consulting services are a catalyzer for
changing economies. Romanian companies must have
2.
the courage and mind-set for change, accepting the

need to allocate budgets for transformation. Leaders
in Romania must think and act sustainably.
What is the difference that BearingPoint
makes in the business consulting services
market?
BearingPoint makes a real difference in the financial
services sector, as we are front runners in regulatory
reporting consulting services, both on a
local and European level. Recently,
BearingPoint announced the successful
Go-Live of Solvency II reporting for its
clients across Europe and our firm was
recognized as a Representative Vendor
in the Gartner Market Guide for
Solvency II Solutions. Moreover,
BearingPoint was honored by IDC
Financial Insights in the 2015 FinTech
Rankings as a world-leading financial
technology
provider,
another
recognition which demonstrates our
market strength and leadership in the
regulatory domain.
As we know, BearingPoint offers 4 major
types of services: business consulting,
shared services, strategic advisory and IT
Services. Which was the most dynamic service in
2014 and have there been any changes in 2015?
What are the prospects for 2016?
Our main focus is on business consulting and IT
services, which remain strong, but lately we have also
extended our strategic advisory and shared services
portfolio. We continue to see growth in all the four
areas.
3.
THE PATH TO
SUSTAINABLE
GROWTH: CLIENT
CENTRICITY,
INNOVATIVE
DIGITAL
SOLUTIONS AND
REGULATION.
4.
10/27/15 2:04 PM
190
5.
Globally, BearingPoint aims to build

successful businesses in new countries.
Since you have entered the Romanian
market, how has this market developed?
We have entered in Romania in its first year of EU
membership. Since then, Romania has massively
harmonized with EU standards and the business has
significantly grown in the production and professional
services area. We are proud that we were visionaries,
making this decision back in 2006 and seeing the
potential of Romania at a very early stage. In the
meantime, we have a strong market position and have
developed long-lasting client relationships.
What is the geographical distribution of
BearingPoint offices in Romania? Do you
plan to extend your office network in 20152016?
Up to 2015, we have opened 3 offices in Romania,
based in Bucharest, Sibiu and Timisoara, and increased
the headcount by 40% yoy.
How difficult is it to find new skilled
employees in Romania, since you have a
very good employment dynamic?
6.
7.
Having developed a strong brand over the past 9

years in Romania, BearingPoint is positioned as an
employer of choice. Our BearingPoint Spirit program
builds trust and commitment with our people.
Obviously the war for talents remains challenging,
especially to fulfil our ambitious growth targets until
2020. We are very optimistic, as we offer motivating
career development opportunities, international
exposure and an attractive compensation package.
What are the major risks for businesses in
2016? Please detail.
Major risks are: political stability in
Romania, the economic outlook of the EU and the
overall global challenges.
What constitutes a good year for
BearingPoint? What constitutes a good
year for the business consulting services?
A good year means interesting new clients, high
client satisfaction levels, innovative digital solutions,
high profitability and retention of employees, all in all
sustainable growth.
8.
9.
10/27/15 2:04 PM
191
MANAGEMENT CONSULTING COMPANIES

RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
MCKINSEY & COMPANY SRL
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
2.6125
110,644,288
19,918,091
35
Bucuresti, Sector 1
ABBVIE SRL
N/A
N/A
78,346,879
6,155,071
96
Bucuresti, Sector 2
FIRST INVESTMENT MANAGEMENT SRL
N/A
N/A
78,084,050
1,045,531
32
Bucuresti, Sector 2
GREEN HILL CONSULTING AND MANAGEMENT SRL
N/A
N/A
71,472,296
37,992
N/A
Bucuresti, Sector 5
IAC MANAGEMENT SRL
2.1125
60,763,802
151,558
ACCENTURE CENTRAL EUROPE B.V

AMSTERDAM, OLANDA-SUCURSALA
BUCURESTI
2.5125
59,605,420
2,711,244
63
Bucuresti, Sector 6
7
8
9
10
CAPGEMINI SERVICES ROMANIA SRL
2.6625
46,542,244
4,606,446
359
Bucuresti, Sector 1
ROMAIR CONSULTING SRL
2.3875
45,891,903
7,636,656
183
Bucuresti, Sector 1
BEARINGPOINT SRL
2.8250
44,566,504
6,486,936
156
Bucuresti, Sector 5
10
1.9750
39,632,283
-2,979,495
372
Bucuresti, Sector 6
11
REINVEST IN BUSINESS DEVELOPMENT

STOCKS SRL
PRICEWATERHOUSECOOPERS
MANAGEMENT CONSULTANTS SRL
N/A
N/A
38,166,590
-2,641,371
14
Bucuresti, Sector 6
2.4875
33,764,487
5,157,782
33
Bucuresti, Sector 2
12
WNS GLOBAL SERVICES (ROMANIA) SRL
13
14
15
16
17
18
19
G.T.A. INVEST SRL
N/A
N/A
29,651,795
2,096,272
Bucuresti, Sector 5
MIADI PRODUCTION SRL
N/A
N/A
29,463,395
1,227,319
Bucuresti, Sector 5
IKEA TRADING SERVICES SRL
N/A
N/A
29,462,197
1,912,316
81
Bucuresti, Sector 1
FICHTNER ENVIRONMENT SRL
N/A
N/A
28,522,837
3,303,873
29
Bucuresti, Sector 3
QUINTILES ROMANIA SRL
N/A
N/A
27,034,843
1,781,429
85
Voluntari, Ilfov
AUTOGAS IMPEX SRL
N/A
N/A
26,700,628
3,658,259
71
Bucuresti, Sector 1
CONECTYS SERV TELECOM SRL
N/A
N/A
25,839,386
7,389,538
320
Bucuresti, Sector 6
20
PRICEWATERHOUSECOOPERS
SERVICII SRL
2.3250
24,499,892
500,911
88
Bucuresti, Sector 2
21
22
23
24
25
TERRABISCO SA
N/A
N/A
24,248,247
-2,875,147
27
Bucuresti, Sector 2
11
1.9250
23,747,486
-257,105
NOVO NORDISK FARMA SRL
N/A
N/A
21,343,366
835,262
44
Bucuresti, Sector 1
ADVANCED RETAIL SYSTEM SA
N/A
N/A
20,621,577
498,356
Bucuresti, Sector 1
ALFA WASSERMANN SRL
N/A
N/A
19,946,390
3,813,979
52
Bucuresti, Sector 4
26
HORVATH & PARTNERS MANAGEMENT

CONSULTING SRL
2.4250
19,549,688
1,376,336
26
Bucuresti, Sector 1
27
MAR-TIN CONSULTING & MANAGEMENT SRL
N/A
N/A
18,916,936
17,107,968
Bucuresti, Sector 1
28
CONTRAST MANAGEMENT CONSULTING &

TRAINING SRL
N/A
N/A
18,333,673
710,149
27
Bucuresti, Sector 1
29
30
PELLA EVENTS SRL
N/A
N/A
17,843,586
457,295
521
Bucuresti, Sector 1
FINARA CONSULT SRL
N/A
N/A
17,842,415
2,704,633
10
Timisoara, Timis
31
BEA HOTELS EASTERN EUROPE

(ROMANIA) SRL
N/A
N/A
17,650,983
-4,021
384
Bucuresti, Sector 1
32
33
34
35
36
37
38
LOTUS PUBLISHING SRL
N/A
N/A
16,790,589
617,541
Bucuresti, Sector 1
WESTACO SRL
N/A
N/A
16,321,597
1,724,716
19
Bucuresti, Sector 1
CAUTHA RO SRL
N/A
N/A
16,241,172
4,262,435
Bucuresti, Sector 3
12
1.9250
15,707,208
529,696
29
Bucuresti, Sector 1
ITH MANAGEMENT OFFICE SRL
N/A
N/A
15,661,015
-3,124,778
57
Bucuresti, Sector 1
DOBROINVEST CONSULTING SRL
N/A
N/A
14,548,032
119,536
Baneasa, Constanta
INTER TEAM TOP SRL
N/A
N/A
14,452,553
9,551
Oradea, Bihor
39
ROLAND BERGER STRATEGY

CONSULTANTS SRL
13
1.8625
12,135,414
494,875
28
Bucuresti, Sector 1
CONFORT BUSINESS SOLUTIONS SRL
TOP RAM PROJECT SRL
191-193 tabele Professional Services 2.indd 191
10/27/15 2:21 PM
192
AUDIT, ACCOUNTING, FAS AND TAX COMPANIES

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
KPMG ROMANIA SRL
3.1000
111,355,215
1,463,896
443
Bucuresti, Sector 1
BRITISH AMERICAN SHARED SERVICES

(EUROPE) SRL
2.6625
98,203,951
17,110,648
416
Bucuresti, Sector 6
EY ROMANIA
Bucuresti, Sector 1
www.eyromania.ro
BOGDAN ION
Country Managing Partner
MCR SCORING: 2.5125

PROFIT/ LOSS 2014 (RON): 4,968,621
4
5
6
ERNST & YOUNG SUPPORT SERVICES SRL
2.6000
87,754,679
15,393,319
362
Bucuresti, Sector 1
PRICEWATERHOUSECOOPERS AUDIT SRL
16
2.4500
71,399,092
3,083,806
239
Bucuresti, Sector 2
2.7000
70,035,832
6,008,643
236
Bucuresti, Sector 1
ERNST & YOUNG ASSURANCE

SERVICES SRL
PRICEWATERHOUSECOOPERS TAX
ADVISORS & ACCOUNTANTS SRL
19
2.3000
62,014,241
221,533
43
Bucuresti, Sector 1
2.7000
56,364,904
15,014,391
101
Bucuresti, Sector 2
DELOITTE AUDIT SRL
9
10
11
12
13
KPMG AUDIT SRL
13
2.4875
49,971,992
2,685,037
41
Bucuresti, Sector 1
OFFICE DEPOT SERVICE CENTER SRL
15
2.4750
40,195,318
2,411,355
439
Cluj-Napoca, Cluj
KPMG TAX SRL
12
2.5125
35,705,104
2,090,586
92
Bucuresti, Sector 1
2.5750
32,654,286
7,881,374
69
Bucuresti, Sector 1
25
1.6750
28,775,802
-7,552,142
Bucuresti, Sector 6
14
COFACE ROMANIA CREDIT MANAGEMENT

SERVICES SRL
2.5750
25,062,078
5,430,039
77
Bucuresti, Sector 1
15
16
17
18
19
20
21
22
23
24
DELOITTE CONSULTANTA SRL
20
2.2625
24,213,598
158,539
52
Bucuresti, Sector 1
2.8250
19,605,272
5,498,639
74
Bucuresti, Sector 3
KPMG ADVISORY SRL
22
2.1750
17,244,948
2,044,687
16
Bucuresti, Sector 1
MAZARS CONSULTING SRL
23
2.1375
15,369,013
-1,884,684
76
Bucuresti, Sector 2
TMF ROMANIA SRL
10
2.5750
14,251,878
4,741,863
67
Bucuresti, Sector 4
SOTER SRL
18
2.3625
11,279,017
3,506,959
37
Bucuresti, Sector 1
2.6375
11,188,454
1,645,169
71
Bucuresti, Sector 1
NOERR FINANCE & TAX SRL
21
2.2375
9,783,620
3,776,979
14
Bucuresti, Sector 1
BOSCOLO & PARTNERS CONSULTING SRL
17
2.4250
8,743,706
4,304,137
32
Bucuresti, Sector 1
MAZARS ROMANIA SRL
24
1.8000
8,028,531
6,924
33
Bucuresti, Sector 2
25
NESTOR NESTOR DICULESCU KINGSTON

PETERSEN CONSULTANTA FISCALA SRL
14
2.4875
7,550,091
1,410,389
Bucuresti, Sector 1
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 2
DELOITTE TAX SRL

REINVENT BUSINESS GENERATION SRL
BDO AUDIT SRL
FIN EXPERT CONSULTING SRL
OUTSOURCING
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
RANKING
BY MCR
SCORING
1
3.6875
351,585,310
35,012,418
2,385
N/A
N/A
304,021,598
9,527,642
1,174
Bucuresti, Sector 1
ACCENTURE SERVICES SRL
2.9750
91,754,256
9,746,870
635
Bucuresti, Sector 6
WIPRO TECHNOLOGIES SRL
2.4750
87,114,875
9,314,703
625
Bucuresti, Sector 1
NESS ROMANIA SRL
2.3250
23,161,411
2,015,402
128
Iasi, Iasi
IT SIX GLOBAL SERVICES SRL
2.6375
18,566,133
4,869,820
122
Craiova, Dolj
SPAR BUSINESS IDEAS PROVIDER SRL
2.8500
15,471,945
546,195
734
Bucuresti, Sector 1
EVALUESERVE SRL
2.5125
12,149,429
1,157,809
102
Cluj-Napoca, Cluj
ARCHITECTED BUSINESS SOLUTIONS SRL
2.1125
5,747,081
901,807
21
Bucuresti, Sector 5
GENPACT ROMANIA SRL

OMV PETROM GLOBAL SOLUTIONS SRL
10/27/15 2:21 PM
193
EXECUTIVE SEARCH
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
HILL INTERNATIONAL HUMAN RESOURCE

CONSULTING ROMANIA LIMITED SRL
2.3625
3,046,878
8,365
24
Bucuresti, Sector 1
2
3
PEDERSEN & PARTNERS CONSULTING SRL
2.1750
2,679,913
-193,591
10
Bucuresti, Sector 2
AIMS HUMAN CAPITAL ROMANIA SRL
2.2375
2,266,986
28,428
15
Bucuresti, Sector 2
STEIN & PARTNER MANAGEMENT

CONSULTING SRL
2.2375
1,512,754
128,068
Bucuresti, Sector 1
DR. PENDL & DR. PISWANGER

ROMANIA S.R.L
Bucuresti, Sector 1
www.ppromania.ro
ANA BER
Managing Partner
MCR SCORING: 2.1750

LEADERSHIP DEVELOPMENT
SOLUTIONS SRL
N/A
over 102 InterSearch

offices worldwide
N/A
1,307,450
-69,324
Bucuresti, Sector 1
Albania
Azerbaidjan
Austria
Bosnia
Bulgaria
Croatia
Czech Republic Hungary
Kosovo
Macedonia
Montenegro
Romania
Serbia
Slovakia
Slovenia
10/27/15 2:21 PM
194
194-196 opinie noerr.indd 194
10/27/15 2:25 PM
195
INTERVIEW
EXPERIENCE ON ONE MARKET.

TRANSFER OF KNOW-HOW.
TACKLING ISSUES ON OTHER MARKETS.
FINDING INTEGRATED SOLUTIONS.
Prof. Dr. Jrg K. Menzer, Partner, Noerr
1.
What are the main lessons that the

Romanian business community should
learn from the German business
community?
I wouldnt approach it by saying the Romanian
community should learn from the German one. Nobody
wants to teach lessons, especially if we have a look at
some recent news like the dieselgate scandal. I would
say that it is more an issue of awareness realizing
where problems are and how to tackle them
appropriately, by exchanging ideas and know-how. And
one thing that works in Germany and I personally miss
in Romania is, for example, associating with others to
protect common interests. Whether we talk about
professional associations, NGOs, political parties or
unions, there is a great deal of mistrust in
Romania that needs to be overcome.
There is a lot of truth in the Romanian
saying unde sunt doi, puterea creste.
At Noerr, you have the
privilege to see and perhaps to
try to shape the economy
from 2 different angles: as a law
company and as an advisory company.
Which of the 2 segments was more
dynamic in 2014 and why? What are your
expectations for the end of 2015?
Actually, they went and will go hand in hand. I
couldnt say exactly how dynamic it will be by the end of
this year, but in the medium-term they will probably
reach a 50/50 share. This is the path we decided to
follow and one of our objectives being aware of the
fact that we are not just lawyers working on solving the
clients legal issues anymore, but also advisory partners
who identify business opportunities in the region
together with and for our clients. We now work on
finding the right balance between the two, and then
keeping them in a certain stability.
2.
3.
The economic frame should be predictable

is a postulate that never seems to be respected
in Romania. From an advisors point of view,
is the lack of predictability rather good (as it generates
more business) or rather bad (as it discourages new
investments)?
Of course it is rather bad, because if affects not only
potential investments, but the entire economy and
population of the country. Certainly there are small
benefits for business, but I wouldnt say that we are happy
about this. Rapidly changing fiscal projections and
unrealistic targets hinder our work as well.
Advising rather weak companies that suffer from an
unpredictable tax burden is not as pleasant and lucrative
as advising companies that plan new investments, and
might obtain certain state aids, for
example one thing we are good at
advising, by the way.

From your point of view,
what were the main engines
for growth in 2014? What
drives the economy so far in 2015?
The domestic consumption, industrial
production and exports were, as far as I
know, the main pillars of growth in the
Romanian economy. We could see this in our business
too: since several foreign companies regained trust in
Romanias market and asked for advice in planning new
investments. I suppose the domestic consumption will
lead again as main engine of Romanias growth this
year. But I think it should be accompanied by a
significant increase in public investment spending, as
well. The quality of the growth is far more important
than just a plain figure of growth.
In terms of national projects, which are the
main advantages of an international law/
advisory company compared to a national/
local law company? Which are the disadvantages?
AWARENESS:
REALIZING
PROBLEMS.
EXCHANGING IDEAS
& KNOW-HOW.
4.
5.
10/27/15 2:25 PM
196
Being present in several markets and acting on

regional or international level is already a main
advantage. The company learns better
from the experience on one market, and
can transfer that know-how to tackle
issues on another one. Being connected
and knowing the characteristics of the
market in Slovakia or Poland for example,
helps to understand some aspects in
Romania and vice versa. It also helps
finding integrated solutions for clients.
One disadvantage would be a slower
process of decision taking, because there
are more people involved.
What
are
the
hidden
opportunities
for
the
companies that conduct their
business activity in Romania?
It might sound like a paradox, but I think bringing
those hidden opportunities to daylight at least on the
States side would benefit everybody. Too often those
hidden opportunities are shady ones like fake calls for
tender or contracts, problems in public procurement,
nontransparent decision taking, etc. Of course, each
business has some hidden ideas, plans and insights that
it does not divulge and tries to implement for more
competitiveness, and that is perfectly fine. But, as far as
the public administration is concerned, more
6.
transparency would make those hidden opportunities

become accessible to more companies and thus better.
But, to come back to your question, I
would say that IT, tourism and rural
development might be domains to keep on
the radar in the years to come.
How has the experience of the
economic crisis changed Noerrs
view regarding Romania?
It didnt change a lot our view on
Romania, but it did change our view on
ourselves. And I think every company went
through a phase of introspection after the
crisis. We realized that keeping existing
clients while widening our portfolio with
new ones needs constant and tremendous
effort. Networking, meetings, travelling
and public presence have to be combined
with professional legal duties. So we engaged in a
regional approach of the CEE as a whole, and therefore
we are working more and we are working late. But its
worth it.
What constitutes a good year for Noerr?
As I said, being able to maintain clients while
acquiring new ones. At the same time, not to
suffer any loss of quality in our work and still develop
internally. I am glad to say that we managed to do this
in 2015.
DOMESTIC
CONSUMPTION
SHOULD BE
ACCOMPANIED
BY A SIGNIFICANT
INCREASE IN
PUBLIC
INVESTMENT
SPENDING.
7.
8.
10/27/15 2:25 PM
197

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
1
2
LUMINA INSTITUTII DE INVATAMINT SA
2.2875
46,648,728
4,919,246
568
ASCENDIS CONSULTING SRL
2.8000
14,291,079
2,069,746
14
Bucuresti, Sector 1
IFPTR SRL
10
2.0125
11,832,768
-735,454
68
Miercurea Ciuc,
Harghita
INSTITUTUL NATIONAL DE CERCETARE DEZVOLTARE PENTRU PROTECTIA MUNCII

-I.N.C.D.P.M. 'ALEXANDRU DARABONT' BUCURESTI
N/A
N/A
10,398,222
-816,628
78
Bucuresti, Sector 6
5
6
2.1125
10,245,443
93,797
24
Bucuresti, Sector 3
QUALITEXT MANAGEMENT SRL
N/A
N/A
7,934,161
-466,174
Bucuresti, Sector 3
INSTITUTUL NATIONAL DE CERCETARE

STIINTIFICA IN DOMENIUL MUNCII SI
PROTECTIEI SOCIALE - INCSMPS
N/A
N/A
5,994,155
66,038
39
Bucuresti, Sector 1
TREND CONSULT SRL
2.7375
5,900,514
916,238
11
Bucuresti, Sector 1
EUROCOR - INSTITUTUL EUROPEAN DE

CURSURI PRIN CORESPONDENTA SRL
SOCIETATEA COMERCIALA DE FORMARE
A ENERGETICIENILOR DIN ROMANIA
FORMENERG SA
14
1.9250
4,690,758
-312,676
40
Bucuresti, Sector 4
15
1.8000
4,525,496
-625,255
32
Bucuresti, Sector 4
LEXIS SRL
13
1.9500
4,458,722
328,052
77
Bucuresti, Sector 2
ECDL ROMANIA SA
11
1.9875
4,055,620
64,463
31
Bucuresti, Sector 1
2.7375
3,476,032
1,062,759
11
Bucuresti, Sector 4
18
1.3625
3,465,852
-3,168,120
14
Bucuresti, Sector 2
10
11
12
13
14
EURODEZVOLTARE SRL
IHB LANGUAGE TRAINING CENTER SRL

CODECS SA
10/28/15 12:33 PM
198

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
15
COSMETIC TEST INTERNATIONAL SRL
N/A
N/A
3,379,121
718,668
15
Bucuresti, Sector 5
16
INTERACT BUSINESS COMMUNICATIONS

SRL
12
1.9875
2,667,610
37,216
14
Bucuresti, Sector 3
17
BUSINESS TRAINING ROMANIA SRL
16
1.7375
2,561,788
-198,935
Bucuresti, Sector 6
18
COMPETITIVE IN BUSINESS &

CONSULTING SRL
2.3625
2,308,038
1,205,430
Bucuresti, Sector 3
19
20
21
HUMAN INVEST SRL
Bucuresti, Sector 2
2.0500
1,703,146
38,796
COGNITROM SRL
N/A
N/A
1,696,805
488,241
34
Cluj-Napoca, Cluj
RAN EVENTS COMMUNICATION SRL
N/A
N/A
1,570,350
-247,997
Bucuresti, Sector 1
22
INSTITUTUL ROMAN DE CERCETARI

ECONOMICO-SOCIALE SI SONDAJE IRECSON SRL
17
1.6125
1,244,195
-2,586,036
18
Bucuresti, Sector 3
23
THE TRAINING BOUTIQUE SRL
2.1125
1,072,745
282,616
Ostratu, Ilfov
24
EURO TRAINING AND EDUCATION

CENTER SRL
2.1750
739,314
198,627
HR MANAGEMENT AND RECRUITMENT

RANKING
BY
COMPANY NAME
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RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
MANPOWER ROMANIA SRL
3.0625
173,069,584
673,528
3,511
Bucuresti, Sector 5
ADECCO RESURSE UMANE SRL
2.7125
157,784,050
1,414,911
5,012
Bucuresti, Sector 1
QUANTA RESURSE UMANE SRL
3.3500
130,772,285
9,001,948
974
Bucuresti, Sector 4
TRENKWALDER SRL
2.7500
116,251,115
-11,465,990
3,493
Sibiu, Sibiu
LUGERA & MAKLER SRL
2.7500
93,466,403
1,015,363
2,725
Bucuresti, Sector 3
ADECCO ROMANIA SRL
3.0000
82,683,118
3,063,265
1,053
Bucuresti, Sector 5
LUGERA & MAKLER ROMANIA SRL
10
2.6875
66,832,877
352,983
1,671
Bucuresti, Sector 3
APT RESOURCES & SERVICES SRL
2.7875
63,608,771
865,751
988
Bucuresti, Sector 1
AGENTIA DE SERVICII PROFESSIONAL SRL
13
2.6250
44,496,606
237,614
1,147
Bucuresti, Sector 3
SMARTREE ROMANIA SRL
11
2.6625
37,218,708
574,863
876
Bucuresti, Sector 1
GI GROUP STAFFING COMPANY SRL
20
2.1250
33,942,441
-704,088
1,056
Bucuresti, Sector 1
PERSONAL SOLUTIONS AND CONSULTING SRL
14
2.6000
26,506,495
344,674
782
Bucuresti, Sector 6
N/A
N/A
25,443,132
4,244,631
97
BARNETT MCCALL RECRUITMENT SRL
23
2.0000
20,203,608
69,044
1,450
Bucuresti, Sector 1
GTS INTERNATIONAL ROMANIA SRL
24
1.8625
15,644,501
-66,510
18
Bucuresti, Sector 5
NAVCONSULT SRL
17
2.2250
15,570,830
59,773
357
Galati, Galati
INTERIM PLUS SRL
2.8875
14,082,410
3,410,279
112
Bucuresti, Sector 1
INTERNATIONAL CHANCE SRL
12
2.6375
13,187,784
1,269,185
90
CMA SHIPS ROMANIA SRL
16
2.2375
13,151,973
116,305
27
EJOBS GROUP SA
18
2.1750
12,983,551
8,191,939
27
Bucuresti, Sector 2
N/A
N/A
11,672,457
70,079
Cluj-Napoca, Cluj
CND MANAGEMENT SOLUTIONS SRL
19
2.1750
11,196,602
232,195
Bucuresti, Sector 3
INDYS - CONST SRL
22
2.0125
11,034,905
-533,258
206
Ploiesti, Prahova
INTERNATIONAL TIBECOM & CO SRL
21
2.0500
10,667,246
122,402
Brasov, Brasov
2.8250
10,591,291
1,943,308
96
Bucuresti, Sector 1
15
2.2625
10,514,132
247,267
93
Suceava, Suceava
OIL & GAS RECRUITMENT SRL
TRANSILVANIA SOFTWARE RECRUITMENT SRL
EMIROM GRUP SRL

ABENOR INTERIM SRL
10/28/15 12:33 PM
199
PAY-ROLL
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MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
UCMS GROUP ROMANIA SRL
Bucuresti, Sector 1
www.ucmsgroup.ro
ALICE TIRSEA
Managing Director
MCR SCORING: 2.5750

2
3
4
5
CONTACT
IQ.HR SOLUTIONS SRL
N/A
N/A
5,475,114
456,058
68
ROMANIAN SOFTWARE SRL
N/A
N/A
3,599,939
877,272
28
Bucuresti, Sector 2
PAYOUT - PAYROLL OUTSOURCING SRL
N/A
N/A
2,143,237
706,839
14
Bucuresti, Sector 2
PAYLEX CONSULTING SRL
N/A
N/A
1,802,149
224,209
15
Bucuresti, Sector 1
Bucuresti, Sector 1
10/28/15 12:33 PM
200
MCR ADVERTORIAL
WHY PERSONAL DEVELOPMENT

IS ESSENTIAL FOR SUCCESSFUL
CORPORATE CULTURES
Dana Tudor Tanase, Managing Partner, Creative & Bright
anaging human interactions might be one of

the most challenging tasks within a business.
Thus, human resources, as well as management
are core components in a company and these activities
ought to be conducted by carefully sought out experts.
Nevertheless, my professional experience showed that
managers and human resource specialists from 75% of
the medium and large companies in Bucharest with
which I interacted disregarded the importance of
personal development for the employees.
Nevertheless, achieving long-term performance and
success is a priority for companies all over the world and
it is crucial for managers to be aware of what they could
do in order to increase the efficiency of their employees.
To this purpose, the first condition that has to be met is
for people to be motivated.
Of course, this implies a
wide range of aspects, but
we
will
take
into
consideration the deeper
motivators, and not the
financial ones, such as
bonuses, salary raises, etc.
The underpinning question
regarding motivation is:
how can we handle the
multitude of tasks and
responsibilities we have in
our everyday life and,
especially, how do we
manage to stay motivated,
both on a personal and a professional level? The answer is
quite simple: if people are motivated on a personal level,
this motivation transfers to the professional level, as well.
WORK-LIFE BALANCE MAY BE THE KEY
Psychologists, coaches, sociologies all agree that, in order

for people to be efficient and successful in their
professional activities, they have to be able to maintain a
balance between their professional and their personal
life, develop their passions within the companies for
which they work, and also have their needs cared for by
these companies.
There are several key elements which need to be
considered in order to motivate employees:
1.Facilitating a creative environment, which
encourages progress and innovation
2.Moving past stereotypes and patterns, so that
200 adverorial hr.indd 200
employees are able to personalize their well-being and

balance
It is a proven fact that positive and energetic people are
more creative, so it is very important to be flexible in our
professional and personal activities, so that we harness
this creativity.
People should strive to develop constantly and use
introspection throughout the process, in order to reach a
better understanding of how their priorities, needs and
desires evolve.
3.Helping people focus more on internal, rather than
external balance
Stress is mostly generated by the way people manage
things and situations, and less by the fact that a job is
more stressful than the other. Our mindset is most
important and the manner
in which we relate to our
surroundings helps us find
the answers.
4.Supporting the transition
from working hard to
working with passion
Individuals perform better
when they do what they like
and when they resonate with
that activity. Passion is one of
the key drivers for successful
performance and making a
difference in the business
environment.
5.Transitioning from time
management to focus management
My personal conviction is that multitasking is a myth,
despite the fact that it used to be a popular trend in many
corporations. When our brains switch from one task to
another, this generates stress and reduces productivity.
This theory is supported by a quote by Albert Einstein,
who stated: Any man who can drive safely while kissing
a pretty girl is simply not giving the kiss the attention it
deserves.
6.Transitioning from working until exhaustion to
resting sufficiently and enjoying ourselves in order to
increase productivity, function at normal parameters
and achieve success
7.Being authentic
Companies ought to allow people to maintain their
authenticity, as the differences amongst us and the
diversity bring along added-value at the teams level.
10/27/15 2:30 PM
201 R Creative.indd 201
10/27/15 2:31 PM
202
CERTIFICATION COMPANIES
RANKING
BY
COMPANY NAME
TURNOVER
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3
4
5
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
REGISTRUL AUTO ROMAN RA
3.3750
270,334,239
74,635,540
1,669
Bucuresti, Sector 1
SGS ROMANIA SA
2.6625
75,794,871
12,483,788
499
Bucuresti, Sector 4
ASSYSTEM ROMANIA SRL
2.9125
74,343,420
10,395,545
478
Bucuresti, Sector 6
2.5375
61,105,768
20,200,266
409
Bucuresti, Sector 1
2.6250
54,040,926
1,791,260
1,258
Bucuresti, Sector 1
63
Bucuresti, Sector 6
COMPANIA NATIONALA PENTRU

CONTROLUL CAZANELOR, INSTALATIILOR
DE RIDICAT SI RECIPIENTELOR SUB
PRESIUNE - (CNCIR) SA
ADMINISTRATIA NATIONALA
DE METEOROLOGIE RA
6
7
8
TUV AUSTRIA ROMANIA SRL
2.5125
50,302,151
4,421,909
GRANT CPC SRL
2.5125
48,730,082
2,406,895
SEMCONSULT TOP SRL
N/A
N/A
33,669,244
9,040,456
39
Tabara, Iasi
SERVICII ENERGETICE PENTRU

ACASA - SEA COMPLET SA
N/A
N/A
24,811,229
-1,357,407
485
Targu Mures, Mures
10
11
12
13
14
TRIGO INDUSTRY SERVICES SA
15
BUREAU VERITAS ROMANIA CONTROLE

INTERNATIONAL SRL
16
17
18
19
EUROSTING AAW INDUSTRY SRL
2.5875
24,175,227
5,187,875
Timisoara, Timis
ROMPETROL QUALITY CONTROL SRL
13
2.2625
22,571,885
1,057,405
188
Navodari, Constanta
CONTROL-UNION ROMANIA SRL
11
2.4500
22,264,304
6,959,516
126
DET NORSKE VERITAS ROMANIA SRL
12
2.4250
21,371,514
11,015,868
16
N/A
N/A
18,161,250
345,820
28
Bucuresti, Sector 1
10
2.4875
17,679,449
5,254,928
50
Galati, Galati
N/A
N/A
17,542,954
375,315
54
Buzau, Buzau
14
2.0500
17,211,794
836,010
40
Bucuresti, Sector 2
2.5750
16,222,666
3,337,275
78
Bucuresti, Sector 1
15
1.9250
15,576,635
11,376
28
Iasi, Iasi
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
ECO GEST SA
LLOYD'S REGISTER (ROMANIA) SRL

SRAC CERT SRL
VIPOIL SRL
MARKET RESEARCH COMPANIES

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
IPSOS INTERACTIVE SERVICES SRL
3.2250
221,375,534
66,305,057
711
Bucuresti, Sector 6
GFK ROMANIA - INSTITUT DE CERCETARE

DE PIATA SRL
2.7250
71,790,539
1,526,963
476
Bucuresti, Sector 2
3
4
5
6
7
8
9
ACNIELSEN ROMANIA SRL
2.2625
31,947,284
-5,971,456
214
Bucuresti, Sector 1
CEGEDIM ROMANIA SRL
2.5750
24,099,165
5,881,848
66
Bucuresti, Sector 1
DAEDALUS CONSULTING SRL
2.6375
18,118,769
3,058,863
115
Bucuresti, Sector 1
ARMADATA SRL
2.3000
13,797,042
205,888
Bucuresti, Sector 1
10
2.2625
12,847,132
974,428
96
Bucuresti, Sector 3
IPSOS RESEARCH SRL
2.6375
10,725,092
690,512
182
Bucuresti, Sector 6
ISRA CENTER MARKETING RESEARCH SRL
2.5750
7,655,814
417,569
67
Bucuresti, Sector 3
10
CENTRUL PENTRU STUDIEREA OPINIEI SI

PIETEI (CSOP) SRL
12
1.9250
5,959,346
172,114
43
Bucuresti, Sector 1
11
12
IMAS-MARKETING SI SONDAJE SA
11
2.0125
4,473,670
-105,888
60
Bucuresti, Sector 4
2.8250
4,195,687
560,739
51
Bucuresti, Sector 1
KANTAR MEDIA AUDIENCES SRL
MERCURY RESEARCH SRL
202-203 tabele Professional Services.indd 202
10/27/15 2:31 PM
203
LEGAL
CRT. NO.
COMPANY NAME
CONTACT
1
2
3
4
5
6
7
ANGHEL STABB & PARTNERS
Bucuresti, Sector 5
BIRIS GORAN SCPA
Bucuresti, Sector 1
BONDOC AND ASOCIATII SCA IN ALLIANCE WITH WHITE & CASE
Bucuresti, Sector 1
BOSTINA & ASSOCIATES
Bucuresti, Sector 2
BPV GRIGORESCU STEFANICA
Bucuresti, Sector 2
BULBOACA & ASOCIATII
Bucuresti, Sector 2
BUZESCU CA
Bucuresti, Sector 1
CHSH GILESCU, VALEANU, NATHANZON & PARTNERII SCA CERHA HEMPEL

S PIEGELFELD HLAWATI
Bucuresti, Sector 1
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
CIURTIN AND ASSOCIATES
Bucuresti, Sector 1
CLIFFORD CHANCE BADEA
Bucuresti, Sector 1
CMS ROMANIA
Bucuresti, Sector 1
D&B DAVID SI BAIAS
Bucuresti, Sector 2
DLA PIPER DINU SCA
Bucuresti, Sector 1
DRAGNE & ASOCIATII SCA
Bucuresti, Sector 1
EVERSHEDS LINA & GUIA
Bucuresti, Sector 1
FRUTH OPRISAN & ASOCIATII
Bucuresti, Sector 3
HATEGAN LAW OFFICE
Timisoara, Timis
I.K. ROKAS & PARTNERS - CONSTANTINESCU, RADU, IONESCU SPARL
Bucuresti, Sector 1
LEROY SI ASOCIATII SCA
Bucuresti, Sector 1
MAGDA VOLONCIU AND ASSOCIATES
Bucuresti, Sector 1
MARAVELA & ASOCIATII
Bucuresti, Sector 1
MARTNEZ-ECHEVARRA, PREZ Y FERRERO ABOGADOS
Bucuresti, Sector 1
MCGREGOR & PARTNERS S.C.A.
Bucuresti, Sector 1
MITEL & PARTNERS
Bucuresti, Sector 1
MUSAT & ASOCIATII
Bucuresti, Sector 1
NESTOR NESTOR DICULESCU KINGSTON PETERSENANDBRASOV
Bucuresti, Sector 1
NOERR
Bucuresti, Sector 1
PELI FILIP
Bucuresti, Sector 1
POP & PARTNERS
Bucuresti, Sector 1
POPOVICI NITU & ASOCIATII
Bucuresti, Sector 1
RADU & ASOCIATII
Bucuresti, Sector 3
REFF & ASSOCIATES
Bucuresti, Sector 1
33
RTPR ALLEN & OVERY (RADU TARACILA PADURARI RETEVOESCU SCA IN ASSOCIATION
WITH ALLEN & OVERY LLP)
Bucuresti, Sector 2
34
35
36
37
38
39
40
41
RUBIN MEYER DORU & TRANDAFIR, SPCA
Bucuresti, Sector 1
SCHOENHERR SI ASOCIATII SCA
Bucuresti, Sector 1
STOICA & ASOCIATII ATTORNEYS AT LAW
Bucuresti, Sector 5
TUCA ZBARCEA & ASOCIATII
Bucuresti, Sector 1
VASS LAWYERS
Bucuresti, Sector 1
VOICU & FILIPESCU SCA
Bucuresti, Sector 1
WOLF THEISS
Bucuresti, Sector 1
ZAMFIRESCU RACOTI & PARTNERS ATTORNEYS AT LAW (ZRP)
Bucuresti, Sector 2
202-203 tabele Professional Services.indd 203
10/27/15 2:31 PM
204 R Dhl.indd 204
10/27/15 9:10 PM
BUSINESS SERVICES
MEAL VOUCHERS & GIFT CARDS
TRAVEL AGENCIES
HOTELS
PRINTING
SECURITY COMPANIES
205 garda Business Services.indd 205
10/27/15 8:59 PM
206
MCR BUSINESS SERVICES
206-208 opinie central travel.indd 206
10/30/15 11:16 AM
INTERVIEW
SKILLS, EXPERIENCE AND

PASSION - THE KEYS TO A
SUCCESSFUL BUSINESS
Raluca Gavrilescu, General Manager, Central Travel
1.
You have been in the market for more than

10 years. Which was the most successful
year during this period? What about the
worst year? Where is 2015 situated in this range and
why?
This is correct. We have been in the Romanian
market for 11 years. The registered capital is entirely
Romanian and the business structure is sole trader.
We have developed gradually year by year, relaying
only on our personal funds and not on other means of
financing involving other companies or
persons funds. As you can see from the
bookkeeping
documents,
Central
Travels has been registering a constant
growth. We cannot say that we had
better or worse years during our business
path. Everything evolved according to
the plans and the business growth was
real and natural.
How have the demands of the
corporate clients in terms of
travel needs changed in 2015,
compared to 2014? How have their
budgets changed? In terms of profiles, have you seen
any changes?
According to the figures in 2015, our corporate clients
decided to allocate larger budgets to business travel
services needs compared to 2014. Slowly, they decided
to stop looking mostly for the cheapest services and, in
this moment, they are considering more than ever the
price/ performance ratio.
2.
3.
Have you seen any positive changes in terms

of legislation (applying to your market) in
2015? In this respect, what developments
would you like to see?
Considering the tourism legislation, I must say that this
is a constant situation. Nothing has changed radically.
Moreover, we can say that we are encountering many
types of problems that I would rather not share now.
Some (large) companies are
relying more and more on
companies like yours in terms
of satisfying the travel needs of their
employees. Have you had any surprises
in 2015? What about the small and
medium-sized companies have they
started to diminish the jack of all
trades approach?
In 2015, we did not encounter any
surprises. Our clients maintained or even
increased the amount of the required
business travel services. Regarding the
jack of all trades approach I must say
that this is usually diminished with the
growth of the company.
What is the size of the market in which you
conduct your activity? What is your forecast
for this market for 2015-2016?
The Romanian business travel market is an expanding
and changing market. Hotel chains are always in search
for expanding their business and city break trips are
more and more in demand. We have also registered a
OUR CORPORATE
CLIENTS ARE
CONSIDERING
MORE THAN EVER
THE PRICE/
PERFORMANCE
RATIO.
4.
5.
10/30/15 11:16 AM
208
growing trend for this kind of trips, requests coming

from both our clients employees and other persons. In
2016, we are expecting an increase of the number of
flights for some of our clients.
Do you remember your first client, back in
2004? Please detail.
I believe that the first love and the first client
will never be forgotten. Anyway, we treat all of our
clients with respect, courtesy and consideration. We
help all of them to make corporate travel easier, less
expensive and more efficient.
What is the most precious lesson you learnt
during the crisis?
The most precious lesson I learnt I believe
there is actually more than one and they are all precious.
Managing corporate travel can be complex. The best
suppliers and the right skills will always assure the
delivering of the best solutions for the unique travel
needs. Our professionalism and determination was the
way to ride the European crisis so far.
6.
7.
8.
Your portfolio includes multinationals, banks,

famous retailers and so on. Are the needs
different from sector to sector? Please detail.
The needs are always different from client to client,
not to mention from sector to sector. In order to
meet all our clients needs we provide a range of
products and services which we tailor to fit their
needs. Our skills, experience and passion helped us
to build strong relationships with our clients from all
sectors.
What makes you unique in this market?
Along with the membership status, we
have been partners of the Travel Solutions
International for Romania since March 2015, and we
also have a core servicing culture which permanently
focuses on the needs of our clients. We are well aware
that the technology is not enough when it comes to
delivering a high quality service. It also takes talent
and skills and our teams have them both. I believe
that is what makes the difference in this market.
9.
10/30/15 11:16 AM
209 R Central.indd 209
10/27/15 2:43 PM
210
DISCOVER
THE FUTURE
of meal tickets!
Edenred Presents the Future of Meal Vouchers

The payment methods evolved quite a lot. With them, the meal ticket has also
stepped into a new era: the Ticket Restaurant Card by Edenred represents
the next step in terms of meal vouchers. The future is simpler, safer and a lot
more practical we reduced the stack of paper to a card.
Find out more on
www.viitorultichetelor.ro
210-212 opinie edenred.indd 210
10/27/15 2:44 PM
211
INTERVIEW
FURTHER GROWTH AND

VARIETY IN THE AREA OF
EMPLOYEE BENEFITS
Vianney du Parc, General Manager, Edenred Romania
1.
How has your market developed in 2015?

How is this evolution compared to your
initial expectations and what would be the
reasons for the convergence/ lack of convergence of
the expectations to the actual evolution?
The market of prepaid vouchers and cards in
Romania is going through a major transformation in
2015, as it prepares to enter the digital era with the
launch of electronic meal vouchers (cards).
The legislation allowing the issuing of electronic
vouchers has been developed over the last two years
and finalized in 2015, and Edenred is now preparing
to launch into operation the Ticket
Restaurant meal cards.
Edenred Romania has developed the
strongest infrastructure for Ticket
Restaurant meal cards, just like we have
for paper vouchers since 1998: the widest
network of affiliated merchants, the
fastest delivery to client companies and
full support for beneficiary employees.
Edenred is the only voucher issuer
with 5 years of experience on the
Romanian prepaid card market, already
releasing cards in Romania the
Compliments gift cards, which we
launched into operation in 2010.
In addition to being the only voucher
issuer with direct cards experience in
Romania, we have of course all the
benefits of Edenred groups unrivalled
expertise in issuing electronic vouchers internationally:
we have been issuing meal cards for over 15 years, in
18 countries in Europe, Latin America and Asia.
Besides meal cards, Edenred also issues other types
of pre-paid benefit cards in 37 countries, out of the 42
countries where we currently operate. In 2014, our

total issued volume amounted to EUR 17.7 billion,
62% of which was electronic. Worldwide, 26 million
people use prepaid cards issued by Edenred.
Through its products, Edenred aims at
improving labor force quality (by motivating
the employees and increasing their loyalty).
From this point of view, how do you see the 2015
results so far and what are the perspectives for 2016?
Edenred is the market leader, both in Romania and
internationally, in the field of prepaid vouchers and
cards for employee benefits, expense management
and public social programs.
In Romania, the company is best
known for its flagship product, the
Ticket Restaurant meal voucher. Used
by over 35,000 companies and almost 1
million employees in a network of over
65,000 affiliated shops and restaurants,
Ticket Restaurant is currently the most
requested employee benefit in Romania.
Edenred also issues other types of
prepaid vouchers such as gift vouchers
and, since 2010, gift cards, being the
only issuer to already provide a card
product on the Romanian market.
In 2015, we see a strengthening of a
trend started in 2014: growth has resumed,
slowly but steadily, as business owners and
managers focus once more on
development, and not just survival mode.
As businesses become more competitive and employee
retention becomes once more a strategic priority, we
believe that in 2016, we will see further growth in the
area of employee benefits, with probably an increase in
the degree of sophistication of the variety of benefits.
2.
GROWTH HAS
RESUMED,
SLOWLY BUT
STEADILY, AS
BUSINESS
OWNERS AND
MANAGERS FOCUS
ONCE MORE ON
DEVELOPMENT,
AND NOT JUST
SURVIVAL MODE.
10/27/15 2:44 PM
212
3.
To what extent have companies become

aware of the need to motivate their
employees, keeping in mind the lessons
learnt after the financial crisis?
In the aftermath of the financial
crisis, business owners and managers
are now seeking methods which are
efficient and proven, to instill new
drive and motivation in their workforce.
Edenreds solutions and vouchers offer
the most effective tools for employee
motivation.
Using vouchers, the companies
budgets are optimized thanks to the tax
exemptions related to benefit vouchers,
while employees purchasing power is
significantly increased.
From your point of view, what
have you learnt from the
economic crisis?
The crisis proved beyond doubt the
efficiency and usefulness of Edenreds
vouchers and cards for companies, it
became clear that vouchers
bring
significant budgets savings and generate
a direct impact on employee motivation
and productivity; for employees,
vouchers became even more important
in their purchasing power; for
authorities, vouchers proved their
usefulness as a social protection measure
to ensure better quality of life for the
employed population, but also as an
instrument in decreasing informal
payments and the grey economy.
Considering the solutions and
tools you offer (meal vouchers, bonus
tickets, holiday vouchers), which of these
have been most dynamic this year and why?
The entire industry is very dynamic and there were
important developments this year for all categories of
vouchers the introduction of electronic meal vouchers,
the growth of gift vouchers and cards particularly as used
in incentive programs (not just as holiday bonuses),
changes in the legislation regarding holiday vouchers.
4.
5.
Edenred is at the forefront of these changes, with a

series of innovations already launched this year on the
Romanian market: the first meal card in Romania (Ticket
Restaurant) and the first electronic holiday vouchers
(Ticket Vacana, coming this fall).
What has differentiated you
from the competition in 2015?
How would you describe the
competition in your business?
The vouchers industry is very
competitive and will become even more
so, as the business environment in
general is subject to incredibly fast and
profound changes; companies and
institutions must respond to the needs
and expectations of employees, partners
and communities, and therefore need
increasingly
sophisticated
and
customized solutions.
Edenreds strength and main point of
differentiation is exactly this ability: we
develop effective solutions for our clients
and partners, based on over 50 years of
experience in this industry, on global
market leadership across more than 40
countries and on our drive to anticipate
the issues of companies, institutions,
employees and communities. Constant
innovation is at the core of Edenreds
strategy and it is why we succeed in
empowering
companies
and
organizations to increase the motivation
and the quality of life of their audiences.
Moreover, because the specific needs
of our clients are very important to us,
we created a multi-support system,
allowing organizations to choose paper or card for
their meal vouchers, according to the companys and
employees needs. Digitalization is no longer a matter
of choice, but a real phenomenon. We choose to be
proactive and allot important resources in order to
create added-value services for all the stakeholders:
optimized, simplified processes for our clients and
affiliate partners, and convenient, modern tools for
our beneficiaries.
6.
BUSINESS
OWNERS AND
MANAGERS ARE
NOW SEEKING
METHODS WHICH
ARE EFFICIENT
AND PROVEN, TO
INSTILL NEW
DRIVE AND
MOTIVATION IN
THEIR
WORKFORCE.
10/27/15 2:44 PM
213
MEAL VOUCHERS & GIFT CARDS

RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
SODEXO PASS ROMANIA SRL
EDENRED ROMANIA SRL

2
N/A
MCR
SCORING
N/A
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
73,221,341
30,000,191
168
Bucuresti, Sector 2
Bucuresti, Sector 4
www.edenred.com;
www.edenred.ro
VIANNEY DU PARC
General Manager

MCR SCORING: N/A
PROFIT/ LOSS 2014 (RON): 25,727,698
CHEQUE DEJEUNER ROMANIA SRL
N/A
N/A
43,901,161
6,407,294
134
Bucuresti, Sector 3
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
TRAVEL AGENCIES
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
PERFECT TOUR SRL
RANKING
BY MCR
SCORING
MCR
SCORING
N/A
N/A
226,554,788
1,303,072
173
Bucuresti, Sector 1
CHRISTIAN'76 TOUR SRL
3.0750
213,567,707
2,758,543
112
Bucuresti, Sector 5
EXIMTUR SRL
2.9500
175,266,662
1,376,466
134
Cluj-Napoca, Cluj
14
2.2625
168,480,640
-1,583,291
82
Bucuresti, Sector 1
VOLA.RO SRL
2.6750
122,315,570
1,058,860
48
Bucuresti, Sector 4
HOTELAIR SRL
2.8000
84,677,123
1,670,170
13
Bucuresti, Sector 3
FLY GO VOYAGER SRL
12
2.3625
82,826,466
2,781,483
32
Bucuresti, Sector 3
PARAVION TOUR SRL
21
1.9875
77,541,549
-2,530,957
31
Bucuresti, Sector 2
2.7375
68,832,383
4,948,582
39
Bucuresti, Sector 1
PROMPT SERVICE TRAVEL COMPANY SRL
17
2.1750
66,312,260
126,266
38
Bucuresti, Sector 1
MAREEA COMTUR SRL
19
2.0750
65,740,332
142,890
87
Bucuresti, Sector 2
12
SUNMEDAIR TRAVEL & TOURISM SERVICES

SRL
18
2.1125
60,799,235
597,284
48
Bucuresti, Sector 2
13
14
15
16
17
18
19
20
21
22
23
24
25
MANRED INTER SRL
HAPPY TOUR SRL
BUSINESS TRAVEL TURISM SRL
2.6750
56,891,790
3,208,711
13
11
2.3875
56,389,344
269,183
77
Cluj-Napoca, Cluj
N/A
N/A
51,501,819
6,576,622
Bucuresti, Sector 3
JINFO TOURS SRL
2.6125
51,180,127
1,226,967
46
Bucuresti, Sector 1
OLIMPIC INTERNATIONAL TURISM SRL
2.6125
51,087,443
579,268
30
Bucuresti, Sector 4
ROMANIA TRAVEL PLUS SRL
10
2.4875
47,773,255
542,362
23
Bucuresti, Sector 1
PRESTIGE TOURS INTERNATIONAL SRL
23
1.8625
45,727,970
-2,007,656
19
Bucuresti, Sector 1
PROSONIC PRODCOM SRL

CHARTER BROKER SRL
2.6125
44,115,758
725,298
21
Bucuresti, Sector 2
DANUBIUS TRAVEL SRL
15
2.2375
43,820,495
12,729
12
Mamaia, Constanta
DANCO PRO COMMUNICATION SRL
13
2.3000
41,330,987
354,540
19
Bucuresti, Sector 2
ACCENT TRAVEL & EVENTS SRL
22
1.9250
37,672,431
-837,952
31
Bucuresti, Sector 2
MARSHAL TURISM SRL
20
2.0750
37,263,492
25,414
110
Bucuresti, Sector 1
NOVA TRAVEL SRL
16
2.2375
34,744,773
23,330
14
Bucuresti, Sector 1
WECO T.M.C. SRL
213-215 tabele business services.indd 213
10/28/15 2:12 PM
214
HOTELS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
BUCURESTI TURISM SA
2.5375
114,531,745
11,261,163
11
Bucuresti, Sector 1
SOCIETATEA COMPANIILOR HOTELIERE

GRAND SRL
2.6000
113,370,130
8,723,360
301
Bucuresti, Sector 5
3
4
5
ANA HOTELS SA
2.6625
111,903,782
8,766,925
545
Bucuresti, Sector 1
12
2.0375
93,265,197
-13,432,339
789
Bucuresti, Sector 1
2.5750
49,324,492
4,516,074
629
Baile Felix, Bihor
COMPANIA HOTELIERA INTERCONTINENTAL

ROMANIA SA
13
2.0000
45,561,957
-2,206,589
230
Bucuresti, Sector 1
7
8
9
10
11
12
13
14
15
16
17
BUCHAREST FINANCIAL PLAZZA SRL
16
1.8625
44,615,160
-56,086,566
Bucuresti, Sector 3
2.4750
44,591,719
2,257,351
601
Bucuresti, Sector 3
14
1.9125
42,956,058
-13,238,538
593
Timisoara, Timis
2.2250
39,717,801
2,571,405
607
Calimanesti, Valcea
GRAND PLAZA HOTEL SA
10
2.0750
37,105,042
2,864,106
215
Bucuresti, Sector 1
DE SILVA RTH SRL
11
2.0750
36,027,272
-815,231
131
Bucuresti, Sector 1
2.6375
35,453,469
5,767,246
145
Bucuresti, Sector 1
15
1.8875
32,315,024
775,642
198
Poiana Brasov, Brasov
2.4125
31,152,900
3,869,702
334
Bucuresti, Sector 1
17
1.7875
30,603,428
-394,401
266
Bucuresti, Sector 1
2.4625
30,515,455
3,746,426
270
Sovata, Mures
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
Bucuresti, Sector 1
CONTINENTAL HOTELS SA
TURISM FELIX SA
RIN HOSPITALITY COMPANY SRL

UNITA TURISM HOLDING SA
CALIMANESTI CACIULATA SA
ACCOR HOTELS ROMANIA SRL

ALPIN 2003 SRL
SIND TOUR TRADING SRL
PARC HOTELS SA
BALNEOCLIMATERICA SA
PRINTING
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
COMPANIA NATIONALA IMPRIMERIA

NATIONALA SA
3.2875
416,853,466 111,272,615
468
INFORM LYKOS SA
2.5125
136,662,945
204
Bucuresti, Sector 1
321
Odorheiu Secuiesc,
Harghita
Ghimbav, Brasov
885,579
INFOPRESS GROUP SA
13
2.2250
120,846,300
4
5
6
7
8
9
10
11
EDS ROMANIA SRL
16
2.0750
94,999,636
726,427
89
DACRIS IMPEX SRL
2.5750
74,204,670
1,782,127
203
Otopeni, Ilfov
MONITORUL OFICIAL RA
2.4125
70,829,544
32,770,636
342
Bucuresti, Sector 1
Cluj-Napoca, Cluj
12
IMPRIMERIA BANCII NATIONALE A

ROMANIEI R.A.
NOVIS CASA DE EDITURA SI TIPOGRAFIE
SRL
13
14
15
-5,636,834
2.8250
66,058,090
5,098,368
56
G. CANALE & C. SRL
18
2.0125
65,946,753
-418,592
175
Pantelimon, Ilfov
MEGA PRESS HOLDINGS SA
24
1.7375
60,871,654
782,395
43
Bucuresti, Sector 4
ROTTAPRINT SRL
23
1.7625
52,888,806
-1,008,374
154
Apahida, Cluj
ASAS (ROMANIA) SRL
25
1.6375
49,099,671
-6,005,011
70
Buciumeni, Calarasi
17
2.0750
38,428,788
7,290,299
134
Bucuresti, Sector 4
14
2.1375
36,603,908
598,991
90
Cluj-Napoca, Cluj
ART GROUP INT SRL
20
1.9500
36,229,750
976,846
123
Bucuresti, Sector 1
BEST PRINT SERVICES SRL
15
2.1375
35,386,538
174,218
170
Bucuresti, Sector 6
ZIPPER SERVICES SRL
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215
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BY
COMPANY NAME
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RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
2.3875
32,791,998
1,360,098
131
Bucuresti, Sector 4
21
1.9500
31,986,750
84,733
116
Ramnicu Valcea,
Valcea
16
IMPRIMERIA ARTA GRAFICA SA
17
CONPHYS SRL
18
19
20
PARAGON ROMANIA SRL
2.5750
30,520,791
4,103,415
190
Otopeni, Ilfov
TIPOGRAFIA EVEREST 2001 SRL
2.3875
29,805,951
4,243,663
125
Bucuresti, Sector 6
RODATA SRL
12
2.2625
29,233,777
1,487,757
94
Bucuresti, Sector 2
21
COMPANIA DE PRODUCTIE INTERTAINMENT

SA
22
1.9500
28,447,178
-5,498,651
118
Buftea, Ilfov
22
23
24
25
TIPOGRAFIA REAL SRL
19
2.0125
27,950,113
-883,369
179
Bucuresti, Sector 5
2.6375
26,533,403
3,566,961
107
Bucuresti, Sector 6
TIPOGRAFIA POLIROM SRL
11
2.3250
26,102,283
4,009,492
140
Iasi, Iasi
AMMA PRINT SRL
10
2.3875
26,002,915
4,514,171
115
Bucuresti, Sector 3
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
SOTHIS PRINT SRL
SECURITY COMPANIES
RANKING
BY
COMPANY NAME
TURNOVER
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
RANKING
BY MCR
SCORING
G4S CASH SOLUTIONS SRL
2.7500
137,881,663
7,351,140
2,536
Bucuresti, Sector 1
CONCEPT CONSULT & PROSPECT SRL
2.9875
126,668,475
6,066,204
48
Bucuresti, Sector 2
BGS DIVIZIA DE SECURITATE SRL
3.1250
106,933,725
12,858,923
2,409
Bucuresti, Sector 4
19
2.1250
98,977,489
-5,036,930
3,139
Bucuresti, Sector 2
G4S SECURE SOLUTIONS SRL
N/A
N/A
96,662,147
16,291,196
3,462
Bucuresti, Sector 2
SCORSEZE SECURITY INTERNATIONAL SRL
2.6250
77,588,107
6,130,036
2,855
Bucuresti, Sector 4
SECURITAS SERVICES ROMANIA SRL
2.5625
74,001,851
1,433,605
2,844
Bucuresti, Sector 2
INTERGUARD GRUP SRL
2.6875
61,579,778
5,637,769
1,539
Bucuresti, Sector 6
13
2.5000
60,526,336
2,810,663
1,677
Piatra Neamt, Neamt
2.8750
51,991,636
29,090,725
2,416
Bucuresti, Sector 1
CIVITAS P.S.G. SRL
10
2.5625
46,555,678
1,991,108
2,008
Craiova, Dolj
CASSIDIAN ROMANIA SRL
16
2.3875
39,378,501
855,023
99
Bucuresti, Sector 2
TIGER PROTECTOR COMPANY SRL
11
2.5625
38,151,710
422,507
1,530
Bucuresti, Sector 2
NOVA FORCE SRL
14
2.4375
35,832,114
475,428
1,261
Giurgiu, Giurgiu
RASIROM R.A.
17
2.3875
32,702,405
1,778,072
104
Bucuresti, Sector 2
HELINICK SRL
18
2.3250
32,599,515
65,047
121
Bucuresti, Sector 1
ZIP ESCORT SRL
3.0000
32,561,501
7,697,688
1,132
SECURIT FORCE SRL
2.7250
25,336,057
1,745,911
551
Bucuresti, Sector 1
ROMPREST SECURITY SRL
12
2.5375
22,555,698
321,392
671
Otopeni, Ilfov
GLOBAL SECURITY SISTEM SA
15
2.4125
19,116,564
286,568
675
Bucuresti, Sector 5
ALISTAR SECURITY SRL
GRUP EST SECURITY SRL

NEI GUARD SRL
10/28/15 2:12 PM
www.CiocolataBelgiana.ro
nc de la primele sale creaii din 1913, reeta de succes a companiei Leonidas s-a bazat pe
virtutea prospeimii desvrite. Astzi, Leonidas realizeaz peste 100 de varieti de praline
belgiene de ciocolat de cea mai nalt calitate i prospeime utiliznd ntotdeauna unt de
cacao cu puritate de 100%. Toate ciocolateriile Leonidas din lume se aprovizioneaz de la
singura fabric din Belgia Bruxelles, garantnd astfel aceeai calitate i prospeime.
216 R Leonidas.indd 216
10/28/15 1:18 AM
MEDIA &
ADVERTISING
MEDIA AGENCIES & PUBLISHING HOUSES
ADVERTISING AGENCIES
PR AGENCIES
217 garda Media & Advertising.indd 217
10/27/15 9:06 PM
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MCR MEDIA & ADVERTISING
MEDIA AGENCIES & PUBLISHING HOUSES

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1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
MEDIA INVESTMENT COMMUNICATION SRL
2.4250
90,046,300
1,625,020
47
Bucuresti, Sector 1
INITIATIVE MEDIA SA
2.5500
75,273,918
2,346,959
46
Bucuresti, Sector 1
ZENITH MEDIA COMMUNICATIONS SRL
2.7000
71,754,426
2,210,406
61
Bucuresti, Sector 4
BURDA ROMANIA SRL
N/A
N/A
55,722,891
-8,314,720
84
Bucuresti, Sector 3
MEDIAFAX GROUP SA
N/A
N/A
54,286,889
-45,975,058
238
Bucuresti, Sector 2
2.7250
38,508,264
632,492
268
Bucuresti, Sector 2
MEDIACOM ROMANIA SRL
20
2.0500
37,603,857
-3,102,489
33
Bucuresti, Sector 1
STARCOM MEDIAVEST GROUP SRL
13
2.3000
37,248,891
1,994,168
25
Bucuresti, Sector 1
EUROMEDIA GROUP SA
11
2.3875
36,302,178
3,493,132
65
Voluntari, Ilfov
MEDIAEDGECIA ROMANIA SRL
24
1.8000
24,866,388
-3,499,436
29
Bucuresti, Sector 1
REGIE RADIO MUSIC (RRM) SRL
18
2.1125
24,165,248
-3,856,792
24
Bucuresti, Sector 1
MINDSHARE MEDIA SRL
19
2.1125
23,554,020
-2,889,222
18
Bucuresti, Sector 1
2.4250
20,644,033
1,683,659
Bucuresti, Sector 1
26
1.6125
19,761,438
-1,967,758
39
Bucuresti, Sector 1
MERCURY360 COMMUNICATIONS SRL
UNITED MEDIA SERVICES SRL

AFFICHAGE ROMANIA SRL
CARAT ROMANIA SRL
25
1.8000
19,422,258
-438,764
Bucuresti, Sector 1
OPTIMEDIA SRL
12
2.3625
16,152,483
1,151,361
16
Bucuresti, Sector 2
17
MEDIA PLANNING GROUP

(MPG) ROMANIA SA
21
1.9875
14,713,646
127,676
21
Bucuresti, Sector 1
18
19
20
21
22
23
24
25
26
27
28
NEWS OUTDOOR ROMANIA SRL
2.4250
14,587,528
651,488
50
Bucuresti, Sector 2
NEW AGE ADVERTISING AGENCY SRL
2.4875
14,066,342
2,350,922
25
Craiova, Dolj
MEDIA SERVICE ZAWADA SRL
22
1.9250
13,544,559
-1,969,413
Bucuresti, Sector 5
NETBRIDGE SERVICES SRL
17
2.2000
10,492,898
-1,423,407
60
Bucuresti, Sector 2
HOUSE OF MEDIA SRL
14
2.3000
9,320,808
445,489
11
Bucuresti, Sector 1
CLEAR CHANNEL ROMANIA SRL
10
2.4250
9,135,672
1,437,812
Bucuresti, Sector 3
MEDIA TOUR SRL
2.6125
8,387,159
1,081,430
11
Bucuresti, Sector 1
MEDIA-TIQUE SRL
2.4875
7,600,219
1,150,359
Bucuresti, Sector 1
BRAND CONNECTION SA
15
2.3000
7,178,541
268,869
Bucuresti, Sector 1
BABEL COMMUNICATIONS SRL
23
1.9250
5,451,470
-217,837
26
Bucuresti, Sector 1
SPOON MEDIA SRL
16
2.2375
4,065,854
521,732
Bucuresti, Sector 1
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.0750
115,029,415
2,946,287
77
Bucuresti, Sector 1
2.4875
60,354,576
4,021,998
46
Bucuresti, Sector 1
12
2.3875
42,954,901
3,174,967
65
Bucuresti, Sector 6
RANKING
BY
COMPANY NAME
TURNOVER
B.V. MCCANN ERICKSON SRL
GRUPUL PUBLICIS COMMUNICATION

SERVICES BUCURESTI
MEDIA GROUP SERVICES
INTERNATIONAL SRL
3
4
5
6
7
8
9
10
RANKING
BY MCR
SCORING
2.5750
36,186,774
5,257,576
55
Bucuresti, Sector 1
TOTAL DISPLAY GLOBAL SERVICES SRL
11
2.4250
33,609,034
70,040
18
Bucuresti, Sector 1
BT PRODUCTION GROUP SRL
16
2.3000
33,039,247
1,879,616
18
Bucuresti, Sector 1
LEO BURNETT & TARGET SA
N/A
N/A
30,702,582
-305,211
26
Bucuresti, Sector 1
2.5500
28,567,049
1,820,187
10
Buzau, Buzau
N/A
N/A
26,613,833
2,961,734
Ploiesti, Prahova
14
2.3625
26,435,792
972,372
35
Bucuresti, Sector 4
OGILVYACTION ROMANIA SRL
VIDEO PUBLICITATE SRL

FEDERAL MEDIA PARTNER SRL
SAATCHI & SAATCHI SRL
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13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
N/A
N/A
26,396,319
2,772,016
14
Voluntari, Ilfov
ALTAVIA ROMANIA COMMUNICATION SRL
15
2.3625
25,400,881
793,326
Bucuresti, Sector 6
GRUP SAPTE SRL
10
2.4750
24,581,426
485,375
548
Cluj-Napoca, Cluj
GRAFFITI/BBDO SA
20
2.2625
23,483,477
154,291
69
Bucuresti, Sector 1
SABSON SRL
19
2.2750
22,062,657
148,729
Oradea, Bihor
2.7000
21,949,911
665,461
78
Bucuresti, Sector 1
17
2.3000
21,731,443
1,535,641
41
Bucuresti, Sector 2
2.6125
21,646,822
1,496,773
12
Bucuresti, Sector 2
OLAMOBILE ROMANIA SRL
N/A
N/A
21,381,566
1,462,425
12
Timisoara, Timis
GROUPM MEDIA OPERATIONS SRL
N/A
N/A
19,828,796
7,744,354
Bucuresti, Sector 1
CONVERSION MARKETING SRL
FCB BUCHAREST SRL

GMP ADVERTISING SRL
4 COLOURS ADVERTISING SRL
21
2.1750
18,352,074
909,984
18
Bucuresti, Sector 1
N/A
N/A
17,079,237
70,795
685
Bucuresti, Sector 2
MULTIZONE ADVERTISING SRL
24
1.6750
16,713,242
-2,961,631
Floresti, Cluj
OGILVY & MATHER ADVERTISING SRL
18
2.3000
16,242,280
233,314
40
Bucuresti, Sector 1
WAVE DIVISION SRL
13
2.3875
16,138,455
573,281
103
Bucuresti, Sector 2
N/A
N/A
16,011,683
366,390
584
Bucuresti, Sector 2
2.4875
15,804,885
1,510,846
33
Bucuresti, Sector 1
23
1.8000
14,986,420
69,844
37
Bucuresti, Sector 3
FLEX IDEA SRL
N/A
N/A
13,966,766
-1,672,246
Bucuresti, Sector 1
CLOCK ADVERTISING SRL
N/A
N/A
13,617,368
485,495
39
Bucuresti, Sector 2
CATENA MANAGEMENT SRL
2.5125
13,228,854
773,187
105
Bucuresti, Sector 1
GREY WORLDWIDE ROMANIA SRL
2.4875
13,179,947
68,441
40
Bucuresti, Sector 1
22
2.0125
13,013,244
56,542
175
Timisoara, Timis
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
N.E.X.T. ADVERTISING SRL

MERCHANDISING PROVIDER COMPANY SRL
INTERACTION COMMUNICATIONS SRL

MCCANN PROFESIONAL
COMMUNICATION SRL
FIRST ADVERTISING AGENCY
INTERNATIONAL SRL
MAGUS INTERNATIONAL CO SRL
PR AGENCIES
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
1
2
3
4
5
GRAFFITI PUBLIC RELATIONS SRL
2.4250
11,182,157
526,407
33
Bucuresti, Sector 1
GOLIN HARRIS PUBLIC RELATIONS SA
2.3625
8,554,013
214,686
39
Bucuresti, Sector 1
GRAYLING SRL
2.5500
7,517,772
799,943
18
Bucuresti, Sector 4
GMP PUBLIC RELATIONS SRL
2.7375
7,469,566
512,617
20
Bucuresti, Sector 3
11
2.1750
6,149,004
-43,808
10
Bucuresti, Sector 1
B.D.R. ASSOCIATES COMMUNICATION

GROUP SRL
ROGALSKI GRIGORIU PUBLIC
RELATIONS SRL
2.6750
4,980,331
329,175
29
Bucuresti, Sector 1
2.8000
4,398,449
865,706
11
Bucuresti, Sector 1
13
1.8000
4,305,908
-531,871
27
Bucuresti, Sector 1
2.7375
4,195,772
743,533
16
Bucuresti, Sector 6
12
2.1750
4,175,150
126,898
17
Bucuresti, Sector 1
Bucuresti, Sector 2
7
8
9
10
11
12
13
14
MCGUIREWOODS CONSULTING SRL
IMAGE PUBLIC RELATIONS SRL

FREE COMMUNICATION SRL
NICOLA & PARTNERS SRL
2.3625
3,417,556
58,272
DC COMMUNICATION SRL
10
2.2375
3,200,817
353,582
26
Bucuresti, Sector 5
GAIN CONSULTING SRL
14
1.5875
2,675,561
-4,695
N/A
Bucuresti, Sector 2
2.3625
2,653,118
542,580
Bucuresti, Sector 1
2ACTIVEPR SRL
MATHER COMMUNICATIONS ROMANIA SRL
218-219 tabele media&advertising.indd 219
10/27/15 2:51 PM
GLOBAL B2B PORTAL

Worldwide
04 656 076
Businesses
All companies
ADVERTISING
14 430 452
Potential Contacts
Im looking for a company, a product, an executive...
LEAD GENERATION & MARKETING
DIRECT MARKETING
Kompass Solutions
Advertising
Promote your company and increase the value of your products

and services on the first worldwide B2B business portal.
Lead Generation & Marketing
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worldwide to run successful campaigns.
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Direct Marketing
Kommunicate in a direct, rapid and efficient way!

High added value, affordable costs!
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KOMPASS ROMANIA SRL

Str. Prof Ion Bogdan, nr 4-6, etaj 4, cod 010539, sector 1, Bucuresti
e-mail: office@kompass.ro
tel.: +40 21 317 03 90 | fax: +40 21 317 03 93
www.kompass.com; www.kompass.ro
220 R Kompass.indd 220
10/27/15 2:52 PM
HEALTHCARE
DENTAL CENTERS
MEDICAL CENTERS
221 garda Healtcare.indd 221
10/27/15 2:52 PM
222
MCR HEALTHCARE
INTERVIEW
HIGHER EXPECTATIONS
FROM PATIENTS TRIGGER
DENTISTRY MARKET
GROWTH
Oana Taban, CEO & Founder DENT ESTET
1.
How has the dentistry services market

evolved in 2015? What are the perspectives
for 2016?
In 2015, the dentistry market has encountered a
growth not only in terms of turnover, but also when it
comes to consumer behavior. Patients have more
expectations and higher standards from the healthcare
providers, and this makes the big players on the market
invest more in dental management. We have always
considered that investing in education, innovation
and in a strong management system is
the key for leadership in dentistry. I am
sure that this ascending trend will
continue in the following years.
For 2016, we will keep developing
dental educational programs and
informing patients about their choices
and the main criteria for choosing the
right dental clinic or dentist.
Furthermore, Dental Office Managers
School will carry on with the next classes
that form and certify managers for
dental clinics. This will allow dentists to
focus on their medical act, while the
Dental Office Manager will be able to
make the businesses profitable and
friendly for the patients.
What is DENT ESTETs contribution, as a
market leader, to this development in 2015?
As a market leader, we strongly believe that
it is our duty to constantly innovate and create new
niches on the Romanian dentistry market, but also to
help other clinics improve their management systems.
We have managed to do this through DOM School,

where more than 100 managers for dental clinics were
trained in 2015.
In 2015, what investment plans have you
managed to implement? What has gone
better and what has gone worse than
expected? What are the causes? What are your plans
for 2016?
For DENT ESTET Clinics, 2015 is a consolidation
year, focused on delivering high quality information
and dental treatments to patients in
Romania. Also, through our 7 premium
dental clinics in Bucharest and
Timisoara, we have successfully
managed to create new partnerships
with influencers in the education field
and to sustain free dental programs in
more than 80 schools and kindergartens.
If we were to mention the obstacles we
had to manage, I would say that we had
to find new ways to disseminate the
information to a larger public, but also
to develop new patient care systems for
a better communication with our
patients.
Private consumption has
grown in 2014-2015. Have you
seen any growth in terms of
health expenditures/ aesthetic expenditures?
Yes, the market has definitely grown. This can be
easily observed in patients behavior and in their
decision to choose clinics with a full range of
treatments instead of small offices that can provide
3.
INVESTING IN
EDUCATION,
INNOVATION AND A
STRONG
MANAGEMENT
SYSTEM IS THE
KEY FOR
LEADERSHIP IN
DENTISTRY.
2.
222-224 opinie dentestet.indd 222
4.
10/28/15 12:57 PM
223
only one service. Following the patients frequent

needs for dental implants and complex restorative
treatments, DENT ESTET has invested in developing
Implant Division, the largest dental implants center in
Romania.
From the point of view of the dentistry
industry services, what are your
expectations for the market share of the
large companies versus individual professionals?
Have you seen any inflection point for the market
share growth (companies vs. individuals)?
As stated before, the changes in the patients
behavior have determined patients to choose clinics
that can offer them all the medical services rather than
a small office in the proximity of their homes. Patients
understand more and more the benefits of being
treated in a very safe environment, where technology,
professional evolution and patient care are key
elements for the business to progress.
For us this represents an advantage because it means
5.
that the decision is based on research, usually done on

the internet. And the main players focus a lot on
reviews and online communication. This can stand as
a first major attempt to grow market share and
popularity.
How has the influx of professionals been in
2015 (are there enough young new-entry
professionals in the industry)? Can you
structure the professionals in DENT ESTET by ages
(for instance <35; 35-44; 45-54; 55-64; >65)?
DENT ESTET has 200 specialists, of which 70 are
doctors. They are focused on the patient care from the
first contact to the end of the treatment and during
the dental recall programs. Through our dental
education platform, we annually train young students
during their university practices and some of them
become part of our team. One important aspect that I
want to emphasize on is that each dentist that has
joined DENT ESTET medical team has to follow a very
strict professional development protocol by attending
6.
10/28/15 12:57 PM
224
MCR HEALTHCARE
at least 2 important international congresses on his

specialty.
If we were to structure the professionals who work
at DENT ESTET by ages, over 50% are from 35 to 44
years old, a quarter are under 35, and the other quarter
is over 45 (including management, doctors, nurses).
How have investments in new technologies
increased productivity in 2015 (measured
for instance by the average time for a
dentistry intervention)?
DENT ESTET has introduced many innovations in
dentistry in Romania for the last 16 years. Obviously,
each new technology and technique has helped the
doctors increase the success rate on dental treatments
and save costs and time.
We provide complete restorative solutions in less
than 24 hours by using the Fast&Fixed dental implants
system from Bredent medical. Furthermore, the
patients can see the final result of the treatment before
they even started it with the Digital Smile Design
Concept, we can create in the office natural membrane
7.
for a complex intervention and use the patients own

blood for a faster healing with PRGF Endoret
technology etc.
It is very comforting for the patient to know that he
can benefit from all the treatments he or she needs in
the same place, at the same high standards.
Are implants economically viable for
Romanians?
I will start this answer with some official
statistics stating that: over 70% of Romanians are
missing at least one tooth and 30% of the adult
population is completely edentulous.
So, the need for complex restorative dental
treatments exists on the market and more and more
patients understand the long term problems of their
general health by not treating their dental affections in
time. In order to fulfil the dental implants market
requests entirely, we have invested in Implant Division,
the largest dental implant center in Romania. Through
this department, we can provide patients with the
highest technologies for complex restorative
interventions in only one day, a multidisciplinary
approach on the treatment and pain free procedures
through the only AIC Department in a dental clinic in
Romania. The medical team is made up by 6 doctors
specialized in USA and Europe in Dental Implantology,
Dr. Drago Calangiu being a certified Bredent medical
reviewer.
Considering that DENT ESTET is the first
company in Eastern Europe which has a
unit dedicated to kids, how do you see the
growth of dentistry services for this particular
target?
I have to say that in the past years I have seen an
increased interest from parents and educational
institutions (schools, kindergartens etc.) towards
dental education and treatments for children. Now,
DENT ESTET has 4 dental clinics in Bucharest and
Timioara (DENT ESTET 4 KIDS and DENT ESTET 4
TEENS), with a team of approximately 40 pediatric
dentists who work exclusively with children. The
clinics have a unique AIC department, with a team of
8 anesthesiologists.
We are currently engaged in free education programs
for schools, kindergartens and other partners that
provide services and products for children. Over 3,000
children have participated in programs like: Visiting
Tooth Fairy, Your smile. Your choice etc. Furthermore,
we have developed a free dental project for parents,
called Dental Care Parenting.
8.
9.
10/28/15 12:57 PM
225 R dent estet.indd 225
10/27/15 3:06 PM
226
MCR HEALTHCARE
DENTAL CENTERS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
MCR
SCORING
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
DENT ESTET
CLINIC SRL
Bucuresti, Sector 1
www.dentestet.ro
Oana Taban
CEO
MCR SCORING: 2.7625

PROFIT/ LOSS 2014 (RON): 1,689,723
DENTALMED - CLINICA
STOMATOLOGICA SRL
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
CONTACT
N/A
N/A
MEDICAL TOURS COMPANY SRL
2.5500
9,034,324
489,895
39
Pitesti, Arges
IMPLANTODENT MEDICAL SRL
2.3625
7,360,891
1,962,828
24
NICOLESCU & AGATSTEIN SRL
10
2.1750
7,032,123
391,977
30
Voluntari, Ilfov
2.4875
4,799,173
1,267,805
25
Bacau, Bacau
N/A
N/A
4,138,542
84,245
25
Pitesti, Arges
Targu Mures, Mures
STOMDAS SRL
VICTORIA DENTAL OFFICES SRL
11,762,525
1,232,646
28
Bucuresti, Sector 5
2.2375
4,096,502
459,403
33
DENTCOF SRL
N/A
N/A
3,613,716
538,693
13
Timisoara, Timis
CRYSTAL DENTAL CLINIC SRL
N/A
N/A
3,567,466
432,741
16
Bucuresti, Sector 3
CITY DENT SRL
2.5500
3,245,486
195,007
17
Bucuresti, Sector 1
SMILE DENT SRL
2.4250
3,224,705
1,130,089
Bacau, Bacau
N/A
N/A
3,213,128
576,511
18
Bucuresti, Sector 1
11
2.1750
3,202,508
6,746
37
Brasov, Brasov
2.2375
3,140,536
14,961
16
Arad, Arad
12
2.1750
3,106,011
365,999
12
Pitesti, Arges
2.2000
3,087,091
-35,944
53
Arad, Arad
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
3.0000
251,092,044
11,200,926
1,249
Bucuresti, Sector 1
12
2.4750
212,200,868
10,776,881
849
Bucuresti, Sector 1
COSAMEXT SRL
GREEN DENTAL CLINIC SRL

DENTALMED COM SRL
VIVAS DENT SRL
EXCES IMAGE SRL
WITTENBERGER SRL
MEDICAL CENTERS
RANKING
BY
COMPANY NAME
TURNOVER
1
2
MED LIFE SA
FRESENIUS NEPHROCARE ROMANIA SRL
CENTRUL MEDICAL UNIREA SRL

3
RANKING
BY MCR
SCORING
Bucuresti, Sector 1
www.reginamaria.ro
FADY CHREIH
CEO
MCR SCORING: 2.7500

PROFIT/ LOSS 2014 (RON): 7,528,907
4
5
SANADOR SRL
2.7250
176,770,378
6,683,435
849
Bucuresti, Sector 1
SYNEVO ROMANIA SRL
3.2250
139,308,747
16,338,291
688
Bucuresti, Sector 2
INTERNATIONAL HEALTHCARE
SYSTEMS SA
25
2.2250
107,869,263
-7,113,071
511
Otopeni, Ilfov
7
8
9
DIAVERUM ROMANIA SRL
33
1.9750
90,235,250
-11,082,011
331
Bucuresti, Sector 3
GRAL MEDICAL SRL
15
2.4125
85,604,295
4,086,388
475
Bucuresti, Sector 3
AVITUM SRL
16
2.3500
79,014,284
4,973,625
324
Remetea Mare, Timis
SOCIETATEA COMERCIALA DE TRATAMENT

BALNEAR SI RECUPERARE A CAPACITATII
DE MUNCA
21
2.2875
71,389,465
9,830,363
623
Bucuresti, Sector 2
HIPERDIA SA
17
2.3500
67,004,467
6,013,582
359
Brasov, Brasov
CLINICA POLISANO SRL
37
1.7250
62,508,764
-10,261,267
520
Sibiu, Sibiu
MEDICOVER SRL
35
1.7750
58,845,990
-4,062,609
N/A
Bucuresti, Sector 1
10
11
12
13
226-227 tabele healthcare.indd 226
10/28/15 6:31 PM
227
MEDICAL CENTERS
RANKING
BY
COMPANY NAME
TURNOVER
RANKING
BY MCR
SCORING
MCR
SCORING
ANNUAL
TURNOVER
2014 (RON)
PROFIT/
LOSS 2014
(RON)
NO, OF
EMPLOYEES
2014
CONTACT
14
15
16
17
EUROMEDIC ROMANIA SRL
18
2.3250
55,605,049
3,701,279
178
Bucuresti, Sector 1
NEFROMED DIALYSIS CENTERS SRL
27
2.2000
53,653,900
3,955,792
232
Bucuresti, Sector 1
2.5375
49,347,334
8,306,768
456
Buzau, Buzau
11
2.5125
46,454,224
2,417,168
140
Bucuresti, Sector 1
18
CENTRUL MEDICAL 'POLICLINICO DI

MONZA' SRL
N/A
N/A
42,318,246
-19,974,349
173
Bucuresti, Sector 2
19
20
21
22
23
24
25
26
27
28
29
CENTRUL MEDICAL MED-AS 2003 SRL
CLINICA SANTE SRL

DELTA HEALTH CARE SRL
2.5375
40,726,411
1,897,069
441
Bucuresti, Sector 3
BIOCLINICA SA
19
2.3250
40,055,441
3,094,086
167
Timisoara, Timis
POLICLINICA DE DIAGNOSTIC RAPID SA
30
2.0750
37,384,277
1,299,437
201
Brasov, Brasov
PELICAN IMPEX SRL
28
2.1375
32,665,412
1,134,245
228
Oradea, Bihor
2.8500
31,560,560
1,951,075
401
Bucuresti, Sector 3
MEDCENTER SRL
26
2.2250
30,872,958
-28,047
293
Bucuresti, Sector 1
EUROCLINIC HOSPITAL SA
22
2.2625
28,680,369
913,748
146
Bucuresti, Sector 1
CLINICA MEDICALA HIPOCRAT 2000 SRL
10
2.5375
26,634,921
10,301,714
307
Bucuresti, Sector 2
TEO HEALTH SA
36
1.7625
26,038,140
-3,534,731
156
Brasov, Brasov
PETROMED SOLUTIONS SRL
13
2.4500
25,479,552
429,633
116
Bucuresti, Sector 1
CLINICA ROMGERMED SRL
2.7000
24,160,700
667,296
121
Bucuresti, Sector 6
30
ANIMA SPECIALITY MEDICAL SERVICES

SRL
14
2.4500
23,962,340
2,451,188
136
Bucuresti, Sector 1
31
32
MEDICOVER HOSPITALS SRL
34
1.8250
22,153,935
-9,267,838
190
Bucuresti, Sector 1
ARCADIA HOSPITAL SRL
20
2.3250
19,035,536
1,726,660
143
Iasi, Iasi
33
MEDSANA
BUCHAREST MEDICAL CENTER SRL
32
2.0125
18,794,441
-564,214
106
Bucuresti, Sector 5
34
35
36
37
38
GENESYS MEDICAL CLINIC SRL
23
2.2625
18,592,181
2,877,448
105
Arad, Arad
2.6375
18,018,126
3,190,002
64
Bucuresti, Sector 1
EUROMATERNA SA
24
2.2625
17,322,662
1,671,400
97
NOVA VITA HOSPITAL SA
31
2.0750
16,956,800
232,776
172
Targu Mures, Mures
CLINICILE ICCO SRL
29
2.1375
15,841,591
-1,399,228
112
Brasov, Brasov
226-227 tabele healthcare.indd 227
AMBULANTA BGS MEDICAL UNIT SRL
NEFROCARE MS SRL
10/28/15 6:31 PM
General Manager
Dumitru ION
Executive Director
Diana DUMITRASCU
Project Management
Andreea MARIN
Associate Editor
Radu SOVIANI
Retail & FMCG Director
Catalin PAUN
DTP & Graphic Design
Ilie TOADER
Cristian TUDOR
IT & Web Development
Horatiu COIFAN, Adrian TIMOFTICIUC
Online Administration
Silvia CODREA, Madalina POPESCU
Sales Team:
Catalin LUCA, Elena VIJOLI,
Teodora DANCIU, Marcela AVRAMESCU,
Nic AVRAMESCU, Marius DINU,
Vasile SIMA, Gabriela POP
Distribution
Major Companies in Romania
is distributed for free.
Copy available only free of charge, not for sale.
Printing
Simina Consulting SRL
Copyright@2015
Edited by
International Business Promotion
4-6 Prof. Ion Bogdan, 4th floor, Bucharest 1,
Phone: +40 21 317 03 90
Fax: +40 21 317 03 93
E-mail: office@ibp.ro, www.doingbusiness.ro
Note:
The publisher cannot, under any circumstances,
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use of the information provided by this publication.
The information contained was provided by sources
believed to be dependable ONRC, BVB, ASF, Ministry
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publication may be reproduced, copied or distributed
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without the permission of the publisher or the
contributor.
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MAJOR COMPANIES IN ROMANIA

2400 COMPANIES ANALYZED

000 coperta 1.indd 6

MAJOR COMPANIES IN ROMANIA

002 R Vehicle Management Systems.indd 2

MCR CONTENT 2015 EDITION

006 EXCEPTIONAL PLAYERS, OUTSTANDING RESULTS

By Radu Soviani, Economic Analyst and Journalist

013 BANKING & FINANCE

063 GLASS & CERAMICS

081 ELECTRIC & ELECTRONIC EQUIPMENT

MCR CONTENT 2015 EDITION

097 INDUSTRIAL ENGINEERING

107 REAL ESTATE

119 WOOD, PAPER & FURNITURE

125 TEXTILE & LEATHER

MCR CONTENT 2015 EDITION

159 TRANSPORT & CARGO

187 PROFESSIONAL SERVICES

EXPERIENCE ON ONE MARKET. TRANSFER OF

205 BUSINESS SERVICES

217 MEDIA & ADVERTISING

006-007 Foreword bogdan.indd 6

006-007 Foreword bogdan.indd 7

entered a negative territory in 2014,

business leaders show confidence in

009 Ranking methodology.indd 9

authorized bodies and institutions

we have considered other indicators

(this is, in simple words, the

that, from the employment side,

inflation numbers show them the

interest rates, so it influences the

rate, higher interests in order to

for an excellent year defining it as

012 R alpha bank.indd 12

BANKING & FINANCE

013 garda banking.indd 13

MCR BANKING & FINACE

Banking in Romania is favoured by

assumed by credit institution are a good source of

The euroization of loans was needed in order to be

014-015 opinie alpha bank.indd 15

concluded, will show how prepared the Romanian

MCR BANKING & FINANCE

016-018 opinie Garanti.indd 16

THE NEW NORMAL MEANS

What is the new normal in banking in

016-018 opinie Garanti.indd 17

vice versa, we are expecting a positive growth in the

MCR BANKING & FINANCE

translates into a diminishing of banks loan interests in

016-018 opinie Garanti.indd 18

Garanti Group has put a lot of effort in

MCR BANKING & FINANCE

RANK BANK NAME

PEERS MORE THAN 4% MARKET SHARE

ALPHA BANK ROMANIA

RANKING BY MCR SCORING: 8

MCR SCORING: 3.2000

PEERS BETWEEN 1% AND 4% MARKET SHARE

RANKING BY MCR SCORING: 5

MCR SCORING: 2.9000