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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Sphera Franchise Group Set To Pay Additional Dividend In 2024
04.18.2024
Sphera Franchise Group (stock symbol SFG), which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the... more
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B.D.G. Import Expands Portfolio By Partnering With William Grant & Sons
04.18.2024
B.D.G. Import, the only Romanian-owned company in the top three imported spirits businesses in the country, announces the addition of the William... more
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Competition Council Approves Takeover Of Stratum Energy Romania By Emma Lambda Limited
04.18.2024
Romania's Competition Council has approved the transaction whereby Emma Lambda Limited, Cyprus, intends to take over Stratum Energy Romania LLC,... more
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Crosspoint Real Estate Promotes Oana Popescu To Partner
04.18.2024
Crosspoint Real Estate one of Romania’s leading real estate consulting agencies, has announced the recent appointment of Oana Popescu as Partner.... more
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Packeta Romania: Logistics and Shipping Costs, The Main Challenges For Romanian Online Stores When Selling Internationally
04.18.2024
Logistics and transportation costs are the major challenges faced by Romanian online stores when selling products abroad, according to the latest... more
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New Car Registrations in Romania Down 10.1% in Q1/2024 YOY
04.18.2024
New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with... more
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Swisspod Technologies Seeks to Raise EUR200,000 on SeedBlink
04.18.2024
Swisspod Technologies, a Swiss-American start-up developing Hyperloop, an ultra-high-speed, emission-free, intercontinental transportation solution... more
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Premier Energy Group Set to Launch IPO, Followed by BVB Listing
04.18.2024
Premier Energy Group, which bought CEZ Vanzare in Romania and is a major player in renewable energy, announced its intention to launch an IPO at... more
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Poultry Investment Budgets EUR80M Turnover for 2024
04.18.2024
Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80... more
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Elysian Software's 2023 Net Profit Doubles YoY To RON1.4M
04.18.2024
Timisoara-based Elysian Software, a company specialized in the development, production, and distribution of computer software, reported a turnover... more
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GLS Romania Posts 5.5% Growth In Revenue To RON365M In 2023
04.17.2024
GLS General Logistics Systems Romania, part of the group of the same name, held by UK’s Royal Mail, posted RON365.4 million (EUR73.9 million)... more
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Intertranscom Impex's 2023 Turnover Plunges 32.5% YoY To RON1.24B
04.17.2024
Welded mesh manufacturer Intertranscom Impex ended 2023 with a turnover of RON1.24 billion (EUR251 million), down 32.5% compared to a turnover of... more
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Maspex Sees Net Profit Up 34% To RON153M In 2023
04.17.2024
Maspex Romania, producer of such brands as Tymbark, Salatini, Bucovina and Arnos, ended 2023 with RON1.15 billion (EUR234 million) revenue, up... more
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Romania, First Market To Benefit From Revolut's Credit Facility Refinancing Product
04.17.2024
Revolut is launching a product for the refinancing of loans taken out from other banks and Romania is the first market to benefit from this type of... more
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Citi Appoints Gabriel Apostol As Head Of Global Network Banking For Romania
04.17.2024
Citi has announced the appointment of Gabriel Apostol as Head of Global Network Banking for Romania. more
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ACAROM: Romania’s Car Production Grows 7.1% YOY In Q1/2024 To 152,912 Units
04.17.2024
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a total 152,912 vehicles in the first three months of 2024, 7.1% more than... more
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18 Gym Fitness & Beauty Set to Open New Unit in Agora Arad; Eyes 10 Openings in 2024
04.17.2024
Fitness center network 18 Gym Fitness & Beauty will open a new unit in shopping center Agora Arad, the first in the city and the 37th nationwide. more
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Verde Magnesium Wants to Invest $1B in Magnesium Mining and Metallic Magnesium Plant in Romania
04.17.2024
Europe will resume magnesium mining for the first time in more than a decade, while the UE is trying to curb its dependence on imports of Chinese... more
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Foreign Investors Council: Investors’ Perception Of Romania Moderately Optimistic
04.16.2024
Over 70% of investor respondents in the latest March 2024 survey conducted by the Foreign Investors Council (FIC) – Business Sentiment Index... more
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Deltaica Seafood Expects 20% Growth In Revenue In 2024
04.16.2024
Deltaica Seafood, which sells canned and prepared fish, ended 2023 with RON40 million revenue, a slight increase over 2022 and has budgeted a 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.