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 Opens New International Subsidiary, in Germany
01.16.2025
Engineering and tech group Simtel is opening a new international subsidiary, in Essen, Germany, after having entered the market of the Republic of... more
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Ukraine’s SoftServe Wants to Double Headcount in Romania in 2025
01.16.2025
SoftServe Romania, the local subsidiary of Ukraine’s SoftServe, which provides software development and consulting services, aims to double its... more
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Rondocarton Recruits 60 People in 2024, Reaching 680 Employees in Cluj, Targoviste and Sibiu Plants
01.16.2025
Rondocarton, part of the Austrian Rondo Ganahl Group, a leading corrugated cardboard manufacturer in Romania, last year recruited 60 people and... more
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Omnia Plast Set to Build Fourth Plant in EUR10M Investment
01.16.2025
Chiajna-based Omnia Plast, controlled by Italy’s Sunino Spa, which produces winter sports equipment, toys and other plastic items in three local... more
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Baneasa Airport Gets Permanent Regular Flights Again
01.15.2025
Baneasa Airport announced the number of flights operated there will go up to four permanent regular flights after more than a decade. more
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Holde Agri Invest Gets RON5M Loan From Shareholder SevenX Ventures
01.15.2025
Farmland operator Holde Agri Invest (stock symbol: HAI) has contracted a loan worth a total RON5 million from SevenX Ventures, which owns 21.1% of... more
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NXP Secures EUR1B EIB Loan To Advance Semiconductor Innovation In Europe, Including In Romania
01.15.2025
NXP Semiconductors has secured a EUR1 billion loan from the European Investment Bank (EIB) to advance the company’s research, development, and... more
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Terapia Cluj Announces Completion Of EUR1M Solar Power Plant Project
01.15.2025
Terapia Cluj, one of Romania’s major drug makers and part of pharmaceuticals giant Sun Pharma, has finalized the project consisting of a solar... more
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Real Estate Investment Transactions Reach EUR730M In 2024
01.15.2025
Without new office buildings to be sold and bought, the volume of investment transactions no longer hits the EUR1 billion mark. more
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Romania's Antitrust Body Looks Into LPG Port Operations Market
01.15.2025
Romania's Competition Council has launched an investigation into a possible abuse of dominant position by Octogon Gas & Logistics SRL in the... more
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Fuel Wholesaler JT Grup Oil Buys EUR3M Tanker Ship From Gazprom
01.15.2025
Fuel wholesaler JT Grup Oil (stock symbol: GTG) has carried out a total investment of approximately EUR3 million that entailed the acquisition and... more
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Colliers: Romania's Land Market Ends 2024 With Nearly EUR450M Worth Of Deals, Similar To 2023 Level
01.15.2025
The Romanian land market totaled around EUR450 million in 2024, which is similar to 2023 level, despite a difficult climate marked by political and... more
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Rafinor Invests EUR3M in First Romania Precious Metal Refinery
01.15.2025
Rafinor, a company in which entrepreneur Claudiu Diaconu is a majority stakeholder, has invested EUR3 million to launch the first local refinery... more
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Double Record in Romania Car Industry in 2024: 516,000 Cars Were Manufactured in Craiova and Mioveni
01.15.2025
Ford Transit&Tourneo Courier, Ford Puma, but also the new Dacia Duster have driven Romania automotive output to a record high volume of over... more
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DN Agrar Aims to Double Turnover in Next Three Years
01.15.2025
DN Agrar, the largest integrated livestock farm in Romania, expects higher revenues in 2025 on the opening of the compost plant. Moreover, it aims... more
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Vetex Farm Invests EUR8.5M In Expansion Of Chicken Farm
01.14.2025
Vetex Farm, based in Bucecea, Botosani County, a broiler breeding complex owned by Sergiu Grosu, will increase its capacity by 30-40% to 150,000... more
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Footwear Retailer Benvenuti Expects Steady Turnover In 2025
01.14.2025
Footwear retailer Benvenuti, majority controlled by local entrepreneur Dan Pavel, expects its 2025 turnover to hold at least at the 2024 level when... more
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Airline AnimaWings Introduces Regular Flights To Cluj-Napoca On January 15
01.14.2025
AnimaWings, an airline held by the founders of Christian Tour, Cristian and Marius Pandel, will launch a new regular route between Cluj-Napoca and... more
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Sales Of Houses And Apartments Up 7.6% In Bucharest-Ilfov Region, Up 6.6% Nationwide In 2024
01.14.2025
Sales of houses and apartments increased by 7.6% in Bucharest-Ilfov region and by 6.6% across Romania, in 2024 compared to 2023, according to data... more
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Almost 20% More Houses Sold In Bucharest In December 2024 vs November 2024
01.14.2025
In December 2024, 18.7% more homes were sold in capital city Bucharest than in November 2024, namely, a total 5,136 properties, compared to 4,326... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.