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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Bathroom Furniture Maker Savini Due Eyes 10% Higher Turnover In 2024
11.25.2024
Bathroom furniture manufacturer Savini Due, held by Italian businessman Piersante Savini, expects a nearly 10% increase in turnover in 2024... more
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Retele Electrice Muntenia Set to Invest RON445M in Modernization of Electrical Infrastructure in Ilfov and Giurgiu
11.25.2024
Retele Electrice Muntenia, part of PPC Group in Romania, has launched a public tender of over RON445 million on SEAP platform for the design and... more
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HORSE Romania Reaches 2,600 Employees
11.25.2024
HORSE Romania, a unit of Horse Powertrain, has reached a total of 2,600 employees via its locations in Mioveni, Titu and Bucharest. more
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Spectral Development Investments Hit around EUR4M in 2024
11.25.2024
In mid-summer 2024, furniture producer opened a new 3.500-sqm logistic center. This is located near the company’s Tutova plant and investments... more
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Agrii Romania Invests EUR3.5M in Two Repacking Lines at Timisoara Plant
11.25.2024
Agrii Romania, a fertilizer producer and farming input wholesaler owned by Irish group Origin Enterprise, has invested EUR3.5 million from own... more
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Ford Otosan Craiova Overshoots 200,000 Assembled Cars Mark, Boasts Record October
11.25.2024
Craiova-based Ford Otosan plant in October hit an all-time production level, with more than 27,600 cars assembled in a single month, in line with... more
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Simtel Team Seeks Up To EUR20M Investment Loans
11.22.2024
Simtel Team (SMTL.RO), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and national leader in the... more
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Cybersecurity Company Fort, Part Of Bittnet Group, Reports RON9.3M Turnover For Jan-Sept Period, Down 15% YoY
11.22.2024
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first nine months of 2024 with a turnover of RON9.3 million, down 15%... more
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Electrica And Esyasoft (UAE) Set Up Company Dedicated To Energy Storage Technologies And Digitalization Of Electrical Networks
11.22.2024
Electricity supplier and distributor Electrica (stock symbol: EL) and the company Esyasoft based in the United Arab Emirates are establishing a... more
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Moldova’s Fagura Completes Talks for New EUR1.1M Funding Round
11.22.2024
Fagura, a fintech set up in the Republic of Moldova that has also expanded on Romania’s market, with ambitions to further grow internationally,... more
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Evomag Sees EUR7M Sales On Black Friday 2024
11.21.2024
Online retailer Evomag, one of the main players in the local IT&C market, recorded orders of EUR7 million during the Black Friday 2024 campaign,... more
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Damen Galati Shipyards Signs EUR25M Loan Agreement With Exim Banca Romaneasca
11.21.2024
Damen Galati shipyard, controlled by The Netherland’s Damen, has signed a EUR25 million financing agreement with Exim Banca Romaneasca and plans... more
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Entrepreneur Razvan Pascu Sells Stake In FlightClaim For EUR1.3M
11.21.2024
Entrepreneur and travel consultant Razvan Pascu has announced the sale of his stake in Dutch company Flight Claim for EUR1.3 million. more
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Bento Reports 19% Higher Net Profit, 67% Surge In Operating Revenues YoY In January-September 2024
11.21.2024
2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company that provides software development services and IT... more
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Competition Council OKs Acquisition Of Intersystems Holding Inc. By A-AG Holdco Ltd
11.21.2024
Romania's Competition Council has approved the transaction by which A-AG Holdco Ltd intends to take over Intersystems Holding Inc. and the... more
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dm drogerie markt Romania Ends FY2023-2024 With RON1.77B Revenue, Up 35%
11.21.2024
Retailer dm drogerie markt Romania ended fiscal 2023-2024 on September 30 with RON1.77 billion revenue, an increase of 35.35% on the previous year. more
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Clifford Chance Badea Advised PPC Group In Closing Acquisition Of Macquarie's Renewable Energy Portfolio In Romania
11.21.2024
Law firm Clifford Chance Badea has advised PPC Group in closing the EUR700 million transaction through which it acquired the Romanian renewable... more
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European Commission Greenlights Romanian EUR578M State Aid For Energy-Intensive Firms
11.21.2024
The European Commission has announced on Nov 21 that it has approved a EUR578 million (RON2.9 billion) Romanian state aid scheme to support... more
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PPC Group Completes Acquisition Of Evryo Group’s Renewables Portfolio In Romania
11.21.2024
PPC (Public Power Corporation) Group has completed the acquisition of the renewable energy generation portfolio of Evryo Group in Romania (formerly... more
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Genesis Property: 63% Of Employees Already Work Exclusively From The Office, 13% Opt For 3-4-Day Workweek In The Office
11.21.2024
The return to the office has continued to grow in 2024 as employees increasingly feel the need for direct interaction with colleagues, and... 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.