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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KPMG Romania And Moldova Announce Promotion Of Several Professionals To Roles Of Partner and Associate Partner
10.01.2024
KPMG Romania and Moldova announced the promotion of Andreea Niculae, Ioana Zenaida Rizea-Popp, Irina Rubeli and Mihaela Ionescu to the role of... more
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RoPower Nuclear Gets $99M from Export-Import Bank of USA To Develop SMR Project
10.01.2024
RoPower Nuclear SA, the project company for the development of small modular reactors (SMRs) in Romania on the site of the former coal-fired... more
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Teilor Holding Readies RON40M Bond Issue on Bucharest Stock Exchange
10.01.2024
Teilor Holding, a group of companies that includes luxury jewelry chain Teilor, is readying to raise funding on the Bucharest Stock Exchange via a... more
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MedLife Completes Antares Clinic Acquisition
10.01.2024
Private healthcare company MedLife has completed the acquisition of Antares Clinic group, which owns three units in Piatra Neamt, Botosani and... more
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Romanian Footwear Retailer Benvenuti Reopens Vivo! Cluj-Napoca Store, Reaches 54-Unit Nationwide Network
10.01.2024
Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, has reopened the store of shopping center Vivo! Cluj-Napoca in a new... more
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Raffaello Shoes Factory Posts 15-Fold Profit Increase in 2023, To RON13.3M
10.01.2024
Raffaello Shoes Factory, Romania’s biggest footwear producer, owned by Italy’s Grisport, in 2023 registered turnover worth RON315.1 million... more
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Spirits Producer Prodal 94 Reports RON192.7M Turnover in 2023, Up 9.8% YOY
10.01.2024
Prodal 94, a major spirits producer on the Romanian market, ended 2023 with turnover worth around RON192.7 million (around EUR39 million), 9.8%... more
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Heraeus 2023 Turnover Up 15.8% To RON458.8M
10.01.2024
Solder paste and adhesive materials manufacturer Heraeus Romania, the local subsidiary of Germany’s Heraeus, in 2023 registered turnover worth... more
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Entrepreneur Mihai Simiuc Relaunches FruFru Brand
10.01.2024
Entrepreneur Mihai Simiuc is relaunching healthy food brand FruFru, which he bought back this year from Anglo-Dutch giant Unilever, and is... more
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Joysonquin Automotive Systems Romania Switches Back to Profit in 2023
10.01.2024
Car parts manufacturer Joysonquin Automotive Systems Romania, the local subsidiary of China’s Joyson, for 2023 reported turnover worth RON739.7... more
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Vladimir Cohn Builds New Plant in Giurgiu in EUR75M Investment
10.01.2024
Entrepreneur Vladimir Cohn, known for his businesses in the field of paper production, is building a new plant in Giurgiu, set to manufacture... more
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Tomcat Hospitality Owner Catalin Gheorghe Set to Open Largest Food Court in Romania
10.01.2024
Catalin Gheorghe, the entrepreneur who controls Tomcat Hospitality, which includes concepts such as Treevi Pizza, Sagakura and Fabrica de Ciorbe,... more
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Teilor Holding's Net Profit Plunges 76% YoY To RON3.2M In H1/2024
09.30.2024
Teilor Holding SA, a group of companies that includes luxury jewelry chain Teilor, non-bank financial institution Invest Interned GF IFN, the... more
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Vivre Deco Ends H1/2024 With RON2.7M Revenue vs RON6.7M In Year-Earlier Period
09.30.2024
Vivre Deco – the first company listed at the Bucharest Stock Exchange, which missed bond refunding due to financial distress – for the first... more
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Rompetrol Well Services Appoints Pavel Romanenko As Chairman Of Board of Directors
09.30.2024
Rompetrol Well Services (stock symbol: PTR), one of the leading wellbore special services companies in Romania, announced on Sept 30 the decision... more
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Digi Romania Confirms Full Redemption Of EUR450M Notes Due In 2025
09.30.2024
Telecommunications company Digi Communications has announced on Sept 30 that its Romanian subsidiary redeemed in full the EUR450 million worth of... more
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BT Leasing Reports RON99M Net Profit For H1/2024
09.30.2024
BT Leasing, part of financial group Banca Transilvania, reported net profit of RON99 million, at the group level, for the first half of 2024,... more
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Furniture Maker Elvila Sees Turnover Halving In H1/2024 To RON5.5M
09.30.2024
Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, saw its turnover halving in the first half of 2024 to almost... more
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eVote Unveils Record Number Of 1,300 Investors At General Shareholders Meeting Of Fondul Proprietatea
09.30.2024
Romanian start-up eVOTE, an online participation and voting platform in the General Shareholders’ Meeting, run by investor Mihai Chisu, on Monday... more
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Competition Council OKs Acquisition Of Three Companies By OMV Petrom
09.30.2024
Romania's Competition Council approved the transaction through which OMV Petrom S.A. had taken over the companies Intertrans Karla SRL,... 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.