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Flanco
Flanco is a Romanian consumer electronics retailer. The company has 120 stores in 74 cities, and has over 1,500 employees. History 1994-1999 The company was founded by Florin Andronescu (Flanco is an acronym of Florin Andronescu Company). The first store opened in 1994, making it the first Romanian electronics and home appliances retail chain. In 1996, Oresa Ventures and the Danube Fund invested in the company. Later, Oresa purchased the majority shareholding for 1 million. By 1999, the company had 50 stores. 2006-2021 When Flanco was taken over by Flamingo in 2006, it was valued at 70 million euros. By the end of 2009, the company was insolvent, and began restructuring. A 60% stake of the company was bought by the Asesoft group for 14 million euros in September 2010. The company has been under the sole ownership of Iulian Stanciu since 2012. Its CEO is Dragoş Sârbu. It recorded sales of over a billion lei in 2018. In 2021, the company opened its largest store ...
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Florin Andronescu
Florin Andronescu (born 26 April 1957, Bucharest) is a businessperson from Romania, who has been involved with the companies Flanco and Credisson from the sale of which he obtained around 20 million euros. He also developed the network of Sanador clinics. References 1957 births Businesspeople from Bucharest Living people {{Romania-bio-stub ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Bucharest
Bucharest ( , ; ro, București ) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than north of the Danube River and the Bulgarian border. Bucharest was first mentioned in documents in 1459. The city became the capital of Romania in 1862 and is the centre of Romanian media, culture, and art. Its architecture is a mix of historical (mostly Eclectic, but also Neoclassical and Art Nouveau), interbellum ( Bauhaus, Art Deco and Romanian Revival architecture), socialist era, and modern. In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of 'Paris of the East' ( ro, Parisul Estului) or 'Little Paris' ( ro, Micul Paris). Although buildings and districts in the historic city centre were heavily damaged or destroyed by war, earthquakes, and even Nic ...
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Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and the Black Sea to the southeast. It has a predominantly Temperate climate, temperate-continental climate, and an area of , with a population of around 19 million. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Its capital and largest city is Bucharest, followed by Iași, Cluj-Napoca, Timișoara, Constanța, Craiova, Brașov, and Galați. The Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a southeasterly direction for , before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Roma ...
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Romanians
The Romanians ( ro, români, ; dated exonym ''Vlachs'') are a Romance languages, Romance-speaking ethnic group. Sharing a common Culture of Romania, Romanian culture and Cultural heritage, ancestry, and speaking the Romanian language, they live primarily in Romania and Moldova. The Demographic history of Romania#20 October 2011 census, 2011 Romanian census found that just under 89% of Romania's citizens identified themselves as ethnic Romanians. In one interpretation of the 1989 census results in Moldova, the majority of Moldovans were counted as ethnic Romanians.''Ethnic Groups Worldwide: A Ready Reference Handbook By'' David Levinson (author), David Levinson, Published 1998 – Greenwood Publishing Group.At the time of the 1989 census, Moldova's total population was 4,335,400. The largest nationality in the republic, ethnic Romanians, numbered 2,795,000 persons, accounting for 64.5 percent of the population. Source U.S. Library of Congress "however it is one interpreta ...
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Electronics
The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification and rectification, which distinguishes it from classical electrical engineering, which only uses passive effects such as resistance, capacitance and inductance to control electric current flow. Electronics has hugely influenced the development of modern society. The central driving force behind the entire electronics industry is the semiconductor industry sector, which has annual sales of over $481 billion as of 2018. The largest industry sector is e-commerce, which generated over $29 trillion in 2017. History and development Electronics has hugely influenced the development of modern society. The identification of the electron in 1897, along with the subsequent invention of the vacuum tube which could amplify and rectify small ...
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Home Appliances
A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation. Appliances are divided into three types: small appliances, major appliances (also known as white goods) and consumer electronics (brown goods). Definition Given a broad usage, the domestic application attached to home appliance is tied to the definition of appliance as "an instrument or device designed for a particular use or function". More specifically, Collins English Dictionary defines "home appliance" as: "devices or machines, usually electrical, that are in your home and which you use to do jobs such as cleaning or cooking". The broad usage, afforded to the definition allows for nearly any device intended for domestic use to be a home appliance, including consumer electronics as well as stoves, refrigerators, toasters and air conditioners. History While many ap ...
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Romanian Leu
The Romanian leu (, plural lei ; ISO code: RON; numeric code: 946) is the currency of Romania. It is subdivided into 100 (, singular: ), a word that means "money" in Romanian. Etymology The name of the currency means "lion", and is derived from the Dutch thaler ( "lion thaler/dollar"). The Dutch ''leeuwendaalder'' was imitated in several German and Italian cities. These coins circulated in Romania, Moldova and Bulgaria and gave their name to their respective currencies: the ''Romanian leu'', the 'Moldovan leu'' and the ''Bulgarian lev''. History First leu: 1867–1947 In 1860, the Domnitor Alexandru Ioan Cuza attempted to create a national ''românul'' ("the Romanian") and the ''romanat''; however, the project was not approved by the Ottoman Empire. On 22 April 1867, a bimetallic currency was adopted, with the leu equal to 5 grams of 83.5% silver or 0.29032 grams of gold. The first leu coin was minted in Romania in 1870. Before 1878 the silver Imperial ...
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Ploiești
Ploiești ( , , ), formerly spelled Ploești, is a city and county seat in Prahova County, Romania. Part of the historical region of Muntenia, it is located north of Bucharest. The area of Ploiești is around , and it borders the Blejoi commune in the north, Bărcănești and Brazi communes in the south, Târgșoru Vechi commune in the west, and Bucov and Berceni communes in the east. According to the 2011 Romanian census, there were 201,226 people living within the city limits, making it the ninth most populous in the country. The city grew beginning with the 17th century on an estate bought by Michael the Brave from the local landlords, gradually taking the place of the nearby Wallachian fairs of Târgșor, Gherghița and Bucov. Its evolution was accelerated by heavy industrialisation, with the world's first systematic petroleum refinery being opened in 1856–1857. Following massive exploitation of the oil deposits in the area, Ploiești earned the nickname of "the Ca ...
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Retail Companies Of Romania
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ...
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Retail Companies Established In 1994
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ...
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