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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MedLife Budgets RON2.6B Revenue In 2024
04.01.2024
MedLife (M.RO), the largest private medical operator in Romania, has outlined its main directions for 2024 and wants to achieve a consolidated... more
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Mobexpert Expands Into School Furniture, Plans To Grow Retail Chain
04.01.2024
Approximately 65% of the furniture sold by Mobexpert, the main Romanian furniture manufacturer and retailer, is now produced in Romanian factories,... more
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Vrancart Appoints Nicu-Ciprian Fedor As General Manager
04.01.2024
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) announced in a stock market report on Monday (April 1) that Nicolae-Paul Dumitrescu's... more
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Mihaela Cristina Mitroi Gets Central Bank Approval For Raiffeisen Bank’s Supervisory Board Membership
04.01.2024
Raiffeisen Bank, one of the largest banks in Romania, on Monday evening announced Romania’s central bank had approved the proposal voted by the... more
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RetuRO Opens Third Regional Center For DRS Packaging Collection, In Brasov County
04.01.2024
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its third... more
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Belgium's WDP Acquires Expo Market Doraly
04.01.2024
Belgium's industrial and logistics space developer WDP has acquired from ARA Europe and businessman Gheorghe Iaciu the Expo Market Doraly project,... more
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Victoria's Secret Expands Presence In Romania With New Store In Bucharest, In Mega Mall Shopping Center
04.01.2024
US lingerie brand Victoria’s Secret is expanding its presence in Romania with a new store opening in capital city Bucharest, within the Mega Mall... more
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Edenred To Launch Virtual Cards In Romania
04.01.2024
Edenred will be launching, for the first time, virtual cards for the Meal Card, Holiday Card, Cultural Card, and Gift Card products. more
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EY: Major Shift In Global IPO Market Share From The Past Five Years
04.01.2024
The year kicked off on a cautiously optimistic note, marked by a selective thaw following a quieter period. The Americas and EMEIA IPO markets had... more
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Sierra Quadrant: Strong Demand Contraction Pushes Companies to Restructure. Number of Struggling Companies Likely to Top 150,000 in 2024
04.01.2024
The quite gloomy economic outlooks at European level have raised the alarm level in the Romanian economy as well and part of large companies,... more
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Danone Romania Completes EUR7M Investment to Support Zimnicea Small Farmers Delivering Milk to Bucharest Yoghurt Plant
04.01.2024
Danone Romania, leader of the yoghurt market, has finalized, together with its partners, a EUR7 million investment meant to support small farmers... more
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AROBS Transilvania Software Targets Turnover of Almost RON500M in 2024, Up 15% YOY, RON49M Net Profit
04.01.2024
AROBS Transilvania Software, the largest tech company listed at the Bucharest Stock Exchange, aims for RON494.9 million consolidated turnover in... more
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FMCG Wholesaler Licurici Impex Aims for 10% Higher Turnover in 2024
04.01.2024
FMCG wholesaler Licurici Impex forecasts a 10% turnover increase this year from 2023, to RON565.4 million (EUR113.8 million), in line with ZF... more
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Drugmaker Zentiva Wants to Join “Billionaires’ League” in 2024
04.01.2024
Drugmaker Zentiva has budgeted net revenues of above RON1.1 billion in 2024, up 20% from 2023 level, which would mark the company’s joining the... more
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Prospectiuni Bucuresti Budgets RON251M Turnover, 10.3% Profit Margin for 2024
04.01.2024
Geological surveying company Prospectiuni Bucuresti, majority held by businessman Ovidiu Tender, has for 2024 budgeted RON250.8 million turnover,... more
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Bento Aims 60% Turnover Growth To RON69M And 17% Net Profit Growth To RON15.3M In 2024
03.30.2024
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the... more
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UCM Resita Switches To RON12M Loss In 2023 vs RON429M Profit In 2022
03.30.2024
Romanian engine manufacturer Uzina Constructoare de Masini (UCM) Resita reported net loss of RON12.2 million for 2023, compared to profit of RON429... more
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Europa Hotel In Eforie Nord Seaside Resort Reopens In Wake Of Over EUR14M Investment
03.30.2024
The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment... more
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DN Agrar Reports RON23M Net Profit For 2023, Up 63% vs 2022
03.30.2024
DN AGRAR Group (DN.RO), the largest integrated livestock farm in Romania, with cow milk production and vegetable production, ended 2023 with net... more
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Norofert Reports RON42M Revenue For 2023, Down 42% YoY
03.29.2024
Romanian producer of organic farming inputs Norofert (NRF.RO) reported total revenue of RON41.9 million for 2023, at IFRS consolidated level, down... 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.