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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CITR: Number Of Company Insolvencies In Romania Unchanged In 2023 vs 2022 Level, At 6,650 Firms
02.02.2024
The number of companies in Romania resorting to insolvency proceedings in 2023 remained unchanged compared to 2022 level, namely, at 6,650 firms,... more
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ROCA Industry Completes 2nd Stage Of Share Capital Increase; Boosts Capital To RON248.7M
02.02.2024
ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report on Feb.1 that it... more
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Bittnet’s Dendrio Solutions Signs RON67M Contract For Provision Of Integrated Monitoring Solutions
02.01.2024
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock... more
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TeraPlast Group Acquires Wolfgang Freiler Group From The Uhl Family In EUR16.5M Deal
02.01.2024
TeraPlast Group has announced on February 1 that, following successful negotiations, the agreement for the acquisition of the Wolfgang Freiler... more
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Tea Producer Kalpo Posts 8% Growth In Revenue To Over RON12M In 2023
02.01.2024
Romanian tea producer Kalpo, which has been selling teas made in Buzau under the Vedda brand for more than three decades, posted 8% increase in... more
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Photon Energy Connects Tenth Solar PV Power Plant To Romanian Electricity Grid
02.01.2024
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC)... more
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ONE Buys Romaero Real Estate From Hidroelectrica, Set To Develop ONE Baneasa Airpark
02.01.2024
Real estate developer ONE has bought some real estate assets of Romaero from Hidroelectrica, where it will develop a project, called ONE Baneasa... more
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Cegedim: Romania Medicine Market Grows 16% YoY To RON29.96B In 2023
02.01.2024
Romanians bought medicines worth RON26.8 billion (EUR5.44 billion) in the period April 2022 – March 2023, at wholesale prices, 20% more than in... more
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EY Study – CFO Imperative: Finance Function Must Become More Involved In Data Strategy And Analytics
02.01.2024
The finance function evolves in the current business environment and it must become more involved in data strategy and analytics, more connected... more
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E.ON Romania Installs 161 Photovoltaic Power Plants For 142 Companies In 2023
02.01.2024
In 2023, E.ON Energie Romania completed and delivered 161 photovoltaic power plants for 142 partner companies active in various industrial... more
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Germany's Rheinmetall Acquires Majority Stake Of 72% In Romanian Military Vehicle Maker Automecanica Medias
02.01.2024
Continuing to expand its presence in Romania as a leading manufacturer of military vehicles, Rheinmetall is taking up a majority share in Romanian... more
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Agile Networks Technologies And Salesforce Become ALRO's Partners To Increase Sales Digitalization
02.01.2024
Agile Networks Technologies, provider of IT solutions for digitizing sales processes, together with Salesforce, a global leader in CRM (Customer... more
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OMV Petrom Proposes Gross Dividend of RON0.0413/Share for 2023, a 7% Yield
02.01.2024
OMV Petrom announced its intention to distribute a gross dividend of RON0.0413/share for financial year 2023, namely a sum of around RON2.5 billion... more
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OMV Petrom Reports RON38.8B Sales Revenues, Down 37%, RON4B Net Profit, 61% Lower in 2023 Vs 2022
02.01.2024
OMV Petrom for 2023 reported sales revenues worth RON38.8 billion, 37% lower than in 2022, on falling commodity prices and sales volumes of... more
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Olteanu Family Budgets EUR20M Investments in 2024-2028 to Develop Maviprod-IRUM Group
02.01.2024
Oltean family, which owns Maviprod-IRUM group of companies, has for the period 2024-2028 earmarked EUR20 million investments in development, thus... more
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Apparel Group Secuiana Ends 2023 with EUR12M Turnover
02.01.2024
Apparel group Secuiana ended 2023 with turnover worth around EUR12 million and estimates for 2024 point to a 15% increase. more
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Drum Asfalt Doubles Turnover in 2023
02.01.2024
Bihor-based builder Drum Asfalt, owned by Floare Petroi, in 2023 reached turnover worth around RON400 million, more than double the 2022 level. more
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C&W Echinox: Modern Stock Of Industrial And Logistics Spaces In Romania Overshoots 7 Million Sqm Mark At End-2023
02.01.2024
The modern stock of industrial and logistics spaces exceeded 7 million square meters across Romania at the end of 2023, with almost 80% of the... more
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Romcarbon Sells Half Of The Shares It Recently Bought In Aquila Part Prod
02.01.2024
Plastic packaging maker Romcarbon (ROCE.RO) has informed the local capital market in a report on Wednesday (Jan. 31) that it sold 1.06 million... more
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PPC Advanced Energy Services Romania Supplied And Installed Over 19,000 Smart Street Lighting Fittings In 2023
01.31.2024
PPC Advanced Energy Services Romania (part of PPC Group, previously called Enel X Romania) carried out in 2023 through its e-City division, 40... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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.