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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CONFIDEX Survey Shows Increased Proportion Of Managers Optimistic About Romania's Economy
05.16.2024
The CONFIDEX index, which determines Romanian managers' confidence in the economy, shows that the proportion of managers who declare themselves... more
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RCS&RDS Changes Name To Digi Romania Effective May 15
05.16.2024
RCS & RDS, one of the leading providers of convergent electronic communication services in Romania, has announced that it has changed its name to... more
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Romcarbon Logs RON1.5M Net Loss in Q1/2024
05.16.2024
Plastic packaging producer Romcarbon ended the first three months of 2024 with a net loss of RON1.5 million at an individual level, from a positive... more
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Arctic Stream Reports RON2M Net Profit, RON30M Revenues in Q1/2024
05.16.2024
Arctic Stream, an IT security and infrastructure integrator, for the first three months of 2024 reported RON1.98 million net profit, down 10% from... more
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Chimcomplex Switches To RON7.4M Net Profit in Q1/2024 from RON8.3M Losses in Q1/2023
05.16.2024
Chemicals producer and supplier Chimcomplex switched to profit of RON7.4 million in the first three months of 2024, after a RON8.3 million loss in... more
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Romgaz Hires Biggest US Bank JPMorgan To Lead Bank Consortium Set to Handle Bond Sale on External Market
05.16.2024
Romania’s state-owned natural gas producer Romgaz has selected JPMorgan, America’s largest bank, to lead the bank consortium that will... more
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ProVision Software Boasts Highest Profit in 27-History in 2023: RON18M
05.16.2024
ProVision Software, the largest IT security solutions distributor locally, for 2023 reported the largest net profit in its 27-year history. more
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Fuchs Condimente 2023 Turnover Up 28% YOY
05.16.2024
Fuchs Condimente, the leader of the local spice and food ingredients market, ended 2023 with RON180 million turnover, up 28% from 2022. more
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Gameloft Closes Cluj Studio After 14 Years
05.16.2024
Video game publisher and developer Gameloft Romania has announced the closure of its studio in Cluj, which employs 136 people. The Cluj studio... more
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Impact Developer & Contractor Reports RON7.5M Net Loss For Q1/2024
05.16.2024
Real estate developer Impact Developer & Contractor (IMP.RO), reported net loss of RON7.5 million for the first quarter of 2024, compared to loss... more
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Roca Industry Reports Cumulative Turnover Of RON141.5M For Q1/2024; EBITDA 63% Above 2023 Level
05.16.2024
ROCA Industry, the first industrial holding in Romania, specialized in construction materials, listed on the main market of the Bucharest Stock... more
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Electrica Switches To RON128M Net Profit In Q1/2024
05.16.2024
Electricity supplier and distributor Electrica (EL.RO) reported net profit of RON127.7 million for the first quarter of 2024, compared to net loss... more
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BT Property Acquires Funshop Park Turda From Poland's Scallier Group
05.15.2024
Alternative investment fund BT Property has announced on Wednesday (May 15) the acquisition of Funshop Park Turda from Polish group Scallier. more
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Socep Constanta Rakes In RON51.5M Revenue, RON17.4M Net Profit In Q1/2024
05.15.2024
Port operator Socep Constanta (SOCP.RO) reported total revenue of RON51.5 million for the first three months of 2024, up 3.5% from the same period... more
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Conpet Ploiesti Reports RON13M Net Profit For Q1/2024, Down 28.1% YoY
05.15.2024
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) reported net profit of RON13 million for the first quarter of 2024, down 28.1% from... more
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Vrancart Switches To RON5M Net Loss In Q1/2024
05.15.2024
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) ended the first quarter of 2024 with net loss of RON5 million, from RON3.5 million profit... more
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DIY Retail Chain Artsani Sales Shrink 15% To RON149M In 2023
05.15.2024
Artsani DIY stores in Prahova County posted total sales of RON149 million in 2023, 15% lower than in 2022, latest data about Artsani Com on the... more
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Zentiva Makes RON74.2M Net Profit In Q1/2024 vs RON42.7M In Year-Earlier Period
05.15.2024
Drugmaker Zentiva (SCD.RO), held by Prague-based Zentiva Group, reported net profit of RON74.2 million for the first quarter of 2024, compared to... more
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Digi Communications To Be Included In MSCI Frontier Markets Index
05.15.2024
The shares of telecommunications operator Digi (DIGI.RO) will be included in the structure of the MSCI Frontier Markets Index, following the... more
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Fondul Proprietatea Reports RON900,000 Operating Revenue For Q1/2024 vs RON13.6M In Year-Earlier Period
05.15.2024
Fondul Proprietatea reported operating revenue of RON900,000 for January-March 2024, compared to RON13.6 million in the same period of 2023, and... 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.