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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Simtel Gets RON61M Funding via PNRR to Build Giurgiu Photovoltaic Power Plant
03.25.2024
Romanian engineering and tech company Simtel Team, a national leader in renewable energy, has obtained a RON60.6 million non-reimbursable funding... more
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Japan’s Yusen Logistics Leases 19,000 Sqm in CTPark Bucharest
03.25.2024
CTP, continental Europe’s largest listed developer and administrator of industrial and logistic spaces, has leased, for a five-year period, an... more
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One United Properties Aims for RON1.7B Revenues, Up 15%, RON525M Net Profit in 2024
03.25.2024
Real estate developer One United Properties estimates RON1.7 billion consolidated revenues, up 15% from the 2023 result, and RON525 million net... more
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Sphera Franchise Group Budgets over RON1.64B in Sales in 2024, Up 12.2% YOY, over RON95M Profit, Up 20.1% from 2023
03.25.2024
Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of... more
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Antibiotice Iasi Wants to Cross RON100M Profit Threshold in 2024
03.25.2024
Antibiotice Iasi, the biggest Romanian-held drug manufacturer, wants to reach RON104 million net profit in 2024, up 28% from 2023, in line with its... more
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HP Inc. Romania Extends Lease Contract for 7,000-Sqms of Office Spaces in YUNITY Park by Five Years
03.22.2024
HP Inc. Romania, the local subsidiary of the US computer and printer supplier and IT services provider of the same name, has signed to extend by... more
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Meta Estate Trust Wants to Distribute Dividends with 4% Yield
03.22.2024
Real estate holding Meta Estate Trust has convened the ordinary general meeting of shareholders for April 25 to vote on the distribution of RON2.95... more
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SII Romania Reaches 650 Employees, Seeks to Hire 100 IT Specialists
03.22.2024
SII Romania, part of the French group of the same name, specialized in IT services and solutions, added 100 employees to its team during 2023, thus... more
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Comvex Constanta Plans To Distribute RON125M Worth Of Dividends
03.21.2024
Port operator Comvex Constanta (stock symbol: CMVX) has called its shareholders for an April 22 meeting to decide on approving the distribution of... more
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IAR Brasov Proposes Distribution Of RON11.7M Worth Of Dividends
03.21.2024
IAR Brasov (stock symbol: IARV), which makes and repairs spare parts for helicopters, has called its shareholders for an April 26 meeting to vote... more
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Transelectrica Extends Mandates Of Provisional Directorate Members By 2 Months
03.21.2024
Romania’s national power transmission company Transelectrica (TEL.RO) has announced in a stock market report on March 21 that it decided to... more
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Carrefour Closes Half Of Cora Convenience Stores After Takeover
03.21.2024
French-held Carrefour group is closing half of the convenience stores it got when it bought rival Cora’s operations in Romania, that is four of... more
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CMS' M&A Study Unveils Optimistic Outlook For M&A Activity In Europe In 2024
03.21.2024
CMS has announced the findings of the 16th edition of the CMS European M&A Study 2024, which analyzed a record 559 deals throughout 2023,... more
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Ambulance Maker Deltamed Sees 88% YoY Increase In Revenue To EUR36M In 2023
03.21.2024
Cluj-based Ambulance and special vehicle maker Deltamed ended 2023 with about EUR36 million revenue, an increase of 88% on the previous year, as a... more
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Businessman Radu Dimofte To Receive RON8M Dividends From Practic Bucuresti
03.21.2024
The shareholders of Practic SA (stock symbol: PRBU), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte,... more
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Alexandrion Group Continues Global Expansion
03.21.2024
Spirits production and distribution group Alexandrion is expanding worldwide, founder Nawaf Salameh says, whose dream is to go to every country,... more
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NEPI Rockcastle Announces Budget Of Over EUR650M For Projects In Central And Eastern Europe
03.21.2024
NEPI Rockcastle has announced a budget of over EUR650 million for medium-term construction and redevelopment projects in Central and Eastern Europe. more
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Iulia Surugiu Appointed CEO Of SII Romania
03.21.2024
SII Romania, a multinational company specialized in software engineering and technology consulting, has announced the appointment of a new General... more
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German Retailer Hornbach Expands IT Hub to Romania
03.21.2024
Germany’s DIY retailer Hornbach has announced the expansion of the group’s IT hub in Romania. more
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New Car Registrations in Romania Down 8.9% Annually in February
03.21.2024
New car registrations in Romania posted an 8.9% decline in February against the same month of 2023, to 11,339 units, of which 1,109 were full... 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.