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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IKEA Supplier IPEC Hits 11.8% Higher Turnover in 2022, at EUR32M 08.31.2023
IPEC company, owned by Covaciu family, one of IKEA’s main suppliers in Romania, in 2022 posted turnover worth RON157.1 million (EUR31.8 million),... more
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Ukraine’s Sports Equipment Retailer Gorgany Enters Romania 08.31.2023
Ukraine-held sports equipment retailer Gorgany has opened its first store in Romania, in Unirii Square, in the space vacated by its direct rival... more
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E-Distributie Set To Carry Out Two RON122M Projects For Modernization Of Power Distribution Grids 08.31.2023
Romania's Ministry of Energy and electricity distribution company E-Distributie have signed two non-refundable financing contracts through the... more
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Mecanica Fina Switches To RON1M Net Profit In H1/2023 From RON457.400 Loss In Year-Earlier Period 08.30.2023
Mecanica Fina (MECE.RO), a producer of measuring, verification, control and navigation instruments and devices, reported a net profit of RON1... more
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AAGES Targu-Mures Reports RON2.8M Net Profit For H1/2023, Down 22.6% YoY 08.30.2023
Industrial equipment manufacturer AAGES Targu-Mures (AAG.RO) ended the first half of 2023 with a net profit of RON2.8 million, down 22.6% on the... more
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Brewer Bermas Reports RON460,000 Net Loss For H1/2023 Vs RON174.700 Loss In Year-Earlier Period 08.30.2023
Suceava-based brewer Bermas (BRM.RO) reported a net loss of RON460,160 for the first six months of 2023, compared to a loss of RON174,700 in the... more
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SHC Restaurant Group Buys Vacamuu Steakhouse
08.30.2023
The SHC restaurant group, one of the main actors in the local hospitality industry, controlled by entrepreneur Radu Dumitrescu, is taking over the... more
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Cargus Ends H1/2023 With Over 10% Revenue Growth; Expects Similar Pace For The Whole 2023 08.30.2023
Cargus, one of the biggest players in the Romanian courier industry, ended the first half of 2023 with over 10% revenue growth compared to 2022 and... more
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City Grill Group Completes EUR13M Investments In Modernization Of "Hanu’ Berarilor" Restaurant, Launch Of "La Boheme" Hotel 08.30.2023
City Grill Group, one of the strongest domestic players in the HoReCa industry, has announced in a press statement the completion of its most... more
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Autonom Services Profit Shrinks 31% To RON12.2M In H1 08.30.2023
Autonom Services, the largest mobility network in Romania, held by brothers Marius and Dan Stefan, posted RON12.3 million net profit in... more
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Romania Ranks 14th In The EU With 87.275 New Car Registrations YoY In January-July 2023 08.30.2023
New car registrations in Romania grew by 23.3% year-over-year to 87.275 units in January-July 2023, placing the country 14th in the European Union... more
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Photon Energy Connects 10.3 MWp Solar PV Power Plants To The Grid In Romania 08.30.2023
Photon Energy has announced that Photon Energy Engineering Romania, the Group’s Romanian subsidiary dedicated to engineering, procurement and... more
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Pet Shop Chain Animax Invests EUR270,000 In Two New Stores 08.30.2023
Pet shop chain Animax, part of the Pet Network International group, has invested EUR270,000 in two new stores in Bucharest and Alba-Iulia for a... more
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Hidroelectrica Enters Portfolio Of Private Pension Fund Aripi As Largest Individual Investment 08.30.2023
The largest investment in the portfolio of private pension fund Aripi, managed by Generali, was in Romania's largest electricity producer,... more
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Colliers: A Growing Number Of Real Estate Investors In Regional Cities Start To Contract Professional Property Management Services 08.30.2023
Colliers Romania manages over 680,000 square meters (sqm) of real estate in Bucharest, Cluj-Napoca, Timisoara, Brasov, and Arad, of which 590,000... more
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Foreign Investors Council Says Investments Require Stability And Predictability Of Fiscal Framework 08.30.2023
The Foreign Investors Council (FIC) supports the need to reform the fiscal system, but it has to be analyzed in terms of medium and long-term... more
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Survey: 48% Of Romanians Can No Longer Afford To Save Because Of Inflation 08.30.2023
A recent survey conducted by Ipsos for ING Bank shows that 48% of Romanians can no longer afford to save because of inflation, and only 11% manage... more
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THR Marea Neagra Posts RON31M Revenues in 1H/2023, Switches to Net Profit 08.30.2023
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in seaside resorts, reported revenues worth RON31... more
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Sphera Franchise Group Switches to RON19.4M Net Profit in 1H/2023 from RON8.7M Losses in 1H/2022 08.30.2023
Sphera Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, for the first half of 2023 reported net profit... more
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Meta Estate Trust Reports RON6.3M Revenues, RON2.9M Net Profit in 1H/2023 08.30.2023
Meta Estate Trust, a holding-type company operating in the real estate field, for the first half of 2023 reported RON6.3 million total revenues, up... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal 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
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.