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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Optima Group Establishes Board Of Advisors Made Up Of French Entrepreneur And Two Romanians
02.16.2024
Optima Group, a leader in software solutions and B2B provider of inventory and assets services, has announced the establishment of a Board of... more
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PepsiCo Romania Appoints Alexandra Rîştariu As Organized Trade Director
02.16.2024
PepsiCo has announced the appointment of Alexandra Rîstariu to the position of Organized Trade Director. more
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Impact Developer & Contractor Raises Over EUR1M In First 72 Hours Since Bond Offer Launch, Targets EUR3M
02.16.2024
Real estate developer IMPACT Developer & Contractor (IMP.RO) has raised over EUR1 million in the first 72 hours of issuing a bond offer ongoing... more
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Romania’s Crude Oil Production Drops 4.4% YoY In 2023
02.16.2024
Romania produced a quantity of crude oil of 2.795 million tons of oil equivalent (toe) in 2023, fewer by 129,200 toe (-4.4%) than in the same... more
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Mandatory Private Pensions Funds In Romania Boost Their Ownership In OMV Petrom By Nearly 3% In 2023 To 14.2%
02.16.2024
The mandatory private pension funds in Romania (Pillar II) in 2023 increased by nearly 3% their ownership stake in OMV Petrom (SNP.RO), the sole... more
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Bencomp Set to Build WPC Door Plant in in Buzau in EUR4M Investment
02.16.2024
Mihai Posedaru, manager of Bencomp SRL Buzau, a Romanian producer of WPC profiles, says he is developing a new production facility, a WPC door... more
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France’s Saint-Gobain Completes Works for New Turda Plasterboard Line, in EUR50M Investment
02.16.2024
French-held group Saint-Gobain, which owns several mainly building materials plants in Romania, in the first half of 2023 finalized investments in... more
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Aro Palace Takes First Step Towards Sealing Franchise Agreement With International Hotel Group Hyatt
02.16.2024
Aro Palace, the company that manages hotels in Brasov, has announced the first step towards striking a franchise agreement with international group... more
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Pras Consulting Ends 2023 With 62% Higher Turnover, Of EUR6.8M
02.16.2024
Pras Consulting, a provider of IT solutions and services, ended 2023 with a 62% surge in turnover vs 2022, to over EUR6.8 million, which was nearly... more
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US Software Company TaxDome Enters Romanian Market, Eyes EUR125,000 Turnover In 1st Year Of Activity
02.16.2024
TaxDome, a software company founded in 2017 in New York, is entering the Romanian market, as the local business landscape indicates accelerated... more
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Orange Romania Reports EUR1.55B Turnover For 2023, Down 1.2% YoY
02.16.2024
Orange Romania, the leader of the local telecom market, reported turnover of EUR1.551 billion for 2023, down 1.2% on the year. more
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Mazars: Dealmaking In Central and Eastern Europe Held Up Strongly In 2023; Romania Ranks 3rd In The Region
02.16.2024
Against a backdrop of falling global M&A activity, dealmaking in Central and Eastern Europe (CEE) held up relatively well, according to a recent... more
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Romanian Equity Market's Presence In MSCI Indices Expands With Inclusion Of 4 New Firms Listed On Bucharest Stock Exchange
02.16.2024
Romania's equity market presence in the MSCI indices will increase to 26 companies from March 1, 2024, following the quarterly index review... more
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Nuclearelectrica Signs MoU With SACE And Ansaldo Nucleare To Advance Development Of Cernavoda NPP Units
02.16.2024
Nuclearelectrica has signed, in Rome, in the presence of Romania's economy minister Stefan-Radu Oprea, and the Minister of Business and Made in... more
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Distributie Oltenia Gets RON193M Financing For Investments In Electrical Networks
02.15.2024
At the end of 2023, electricity distribution company Distributie Oltenia drafted the documents needed to obtain financing from the energy ministry... more
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Wines of Romania: Domestic Wine Production Up 15% In 2023
02.15.2024
Romania's wine production was 15% higher in 2023 vs 2022, despite coming from a total vineyard area slightly reduced compared to the previous... more
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Retele Electrice Companies Attract Investments Worth Over RON433M For Electricity Networks
02.15.2024
Romania's energy ministry and the companies Retele Electrice Muntenia, Retele Electrice Banat and Retele Electrice Dobrogea (part of the PPC Group... more
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Distributie Energie Electrica Romania Signs Contracts For Modernization And Development Of Electricity Network
02.15.2024
Mihaela Rodica Suciu, the General Manager of Distributie Energie Electrica Romania (DEER), and Energy Minister Sebastian Burduja have signed new... more
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Stay Fit Gym Aims for RON80M Turnover in 2024, Double 2023 Level
02.15.2024
Stay Fit Gym, Romania’s second largest fitness center chain, targets revenues worth around RON80 million in 2024, double the level of the 2023... more
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Online Bookstore Libris Ends 2023 with RON80M Turnover, Up 20% YOY
02.15.2024
Online bookstore Libris ended 2023 with RON80 million turnover, up 20%. 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.