Top Ten Postal, Courier Firms In Romania Had RON2.8B Aggregate Turnover, Over 7,500 Employees In 2019
12.14.2020
The top ten postal and courier companies reported an aggregate turnover of RON2.8 billion in 2019, 15% higher than in 2018, according to ZF calculations and data provided by confidas.ro, and more than 7,500 employees, some 100 more than a year before.
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Germany’s Optibelt Slips into the Red in 2023
10.25.2024
Car parts manufacturer Optibelt Power Transmission, the local subsidiary of Germany’s Arntz Optibelt, in 2023 posted turnover worth RON325.7... more
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Weidmüller Interface Romania Sees 2023 Turnover Drop 17.4% almost To RON297M
10.25.2024
Electrical and electrotechnical component manufacturer Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller Group,... more
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Altex Set to Continue Local Expansion
10.25.2024
Altex, Romania’s largest electro-IT retailer, has opened eight stores this year and continues local expansion. The company now has 135 stores in... more
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Sphera Group Extends Mandates Of CFO And Marketing Director
10.24.2024
Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, has announced in a stock... more
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Romgaz Seeks To Extend RON500M Loan Facility From Banca Comerciala Romana
10.24.2024
The Board of Directors of natural gas producer and supplier Romgaz (stock symbol: SNG) has announced in a stock market report on Oct 24 that it has... more
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Alro Slatina Calls Shareholders To Vote On Contracting Up To $40M Loan From Black Sea Trade And Development Bank
10.24.2024
ALRO, one of the largest vertically integrated aluminium producers in Europe, has announced in a stock market report that on Oct 24 the company's... more
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Competition Council Approves Acquisition Of Noerr Romania By Kinstellar
10.24.2024
Romania's Competition Council has announced on October 24 that it authorized the transaction by which the Kinstellar network of law firms, through... more
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Prodcereal 2023 Turnover Plunges 41.2% YoY To RON54.9M
10.24.2024
Grain producer Prodcereal in Calarasi County, majority owned by Vasile Stoica (73%) and Lucia Stoica (27%), ended 2023 with a turnover of RON54.9... more
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Deloitte: 7 In 10 Multinationals Expect More Tax Reporting Regulations
10.24.2024
More than two thirds of companies worldwide (70%) expect an increase in public reporting on tax, as a result of the numerous regulations adopted in... more
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Germany’s Geiger Sees Romania Turnover Rise 86% in 2023 To RON417.4M
10.24.2024
German-held builder Geiger Transilvania reported turnover worth RON417.4 million (EUR84.4 million) for 2023, up 86% from 2022, in line with ZF... more
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Entrepreneur Mihai Simiuc Buys Minority Stake in LifeBox To Produce FruFru Food in Bucharest
10.24.2024
Entrepreneur Mihai Simiuc, who in early 2024 bought back FruFru and Urban Monkey brands from Unilever, has become a minority stakeholder in... more
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Romania IT Industry Grew by 12% in 2023 To EUR5.6B, Sharply Down from 33% Advance in 2022
10.24.2024
Romania IT industry continued to expand in 2023, but the growth rate slowed down dramatically, though it stayed above 10%, reveals a survey... more
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Oyl Company Holding 2023 Turnover Up 33.2% YoY To RON305M
10.24.2024
Oyl Company Holding, a company operating in the field of road construction and held by entrepreneur Corneliu Dragomir, ended 2023 with a turnover... more
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Pasta Maker Pangram Sees Profit Doubling YoY To RON1.7M In 2023
10.24.2024
Pangram, the producer of Monte Banato pasta brand, majority held by Italy’s Colussi (with an ownership stake of 92.3%) and Resita mayor, Ioan... more
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Kromberg & Schubert Romania Reports RON274.8M Turnover For 2023, Up 56% YoY
10.24.2024
Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, reported a turnover of RON274.8... more
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Austria's Enery Invests EUR52.4M In 51.4 MW Photovoltaic Park In Romania's Salaj County
10.24.2024
Comcris Energy, the Romanian subsidiary of Vienna-based renewable energy generation company Energy, has finalized an investment of RON216.2 million... more
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Token Payment Services Partners Up With Zeus Service To Offer Merchants In Romania Access To New Digital Payment Solutions
10.23.2024
TOKEN Payment Services (TOKEN), the fintech company that was recently authorized by Romania's national bank to accept online payment operations and... more
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Ruris Set To Resume Tractor Production In Craiova; Invests EUR10M In Former MAT Craiova Factory
10.23.2024
Craiova-based agricultural equipment manufacturer RURIS, led by entrepreneur Catalin Stroe, announces the start of an investment worth over EUR10... more
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Romania Set To Grant RON495M State Aid To Finland's Nokian Tyres Group For EUR600M Investment At Oradea Plant
10.23.2024
Romania's Ministry of Finance has announced that Finland's Nokian Tyres Group is going to receive state aid in the amount of RON495.2 million... more
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Andrei Cionca, CONFIDEX: Companies Adjust Their Investment Budgets And Slow Down Services Outsourcing Pace
10.23.2024
Downward revisions of economic growth clearly indicate that some sectors, such as agriculture and construction, are facing difficulties and we are... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.