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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Jacobs Coffee Importer Doubles Net Profit in 2023
09.23.2024
Jacobs Douwe Egberts Ro, the local subsidiary of the group of the same name, for 2023 reported turnover worth RON580.8 million (EUR117.4 million),... more
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Teletext Wants to Draw another EUR2.2M in EU Funds to Retool Diami Plant
09.23.2024
Teletext, which owns dairy brand Diami, controlled by entrepreneur Mitru Crisan, has submitted a project to attract another EUR2.2 million in EU... more
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Greek Group Olympus Reaches EUR190M Investments in Brasov Plant
09.23.2024
Fabrica de lapte Brasov, the company that manufactures and trades Olympys range and one of the biggest dairy producers in Romania, has opened a... more
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Britain’s Harry Ramsden’s Wants to Enter Romania
09.23.2024
British fish & chips restaurant chain Harry Ramsden’s, with a history of around one century, wants to enter Romania’s market. The development... more
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EY: Global Demand For EVs Slows Amid Consumer Concerns Over Lack Of Charging Infrastructure
09.20.2024
Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure,... more
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Competition Council OKs PACCOR Acquisition By SEET Investment Holdings, Danail Emilov Mladenov And Teodora Emilova Mladenova
09.20.2024
Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova... more
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Law firm RTPR Assisted Polish Fintech PragmaGo in Entering Romania
09.20.2024
Law firm RTPR has assisted PragmaGO, a company owned by investment fund Enterprise Investors, in acquiring a majority 89% stake in Telecredit IFN,... more
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Electrica Wants to Raise EUR500M Via Green Bonds, Contract Syndicated Loan of up to RON3.1B for Investments
09.20.2024
Electricity supplier and distributor Electrica is convening its shareholder to approve among others, a ceiling of up to EUR500 million for a bond... more
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RebelDot Forecasts EUR16M Turnover in 2024, Up 40% YOY
09.20.2024
Cluj-Napoca-based software developer RebelDot estimates the AI unit will in 2024 generate 15% of turnover, which is expected to revolve around... more
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Bucharest’s Royal Hospital Expects 20% Higher Turnover in 2024
09.20.2024
Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and... more
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Tei Group Opens Pharmacy And Bebe Tei Store In ElectroPutere Mall In Craiova
09.19.2024
The Tei Group, made up of Farmacia Tei and Bebe Tei, has opened new stores in Dolj County, in ElectroPutere Mall in Craiova, an investment that is... more
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Sanex Cluj Owner Lasselsberger Seeks State For New Ceramic Tile Plant, A RON700M Investment
09.19.2024
Austria’s Lasselsberger group, which owns ceramic tile maker Sanex in Cluj-Napoca, has submitted the largest investment of those seeking state... more
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Perla Harghitei Plans To Invest EUR40M In Upgrading And Boosting Production Capacity Of Sancraeni Plant
09.19.2024
Mineral water bottler Perla Harghitei has an ambitious investment plan, EUR40 million, self-funded. The Sancraieni, Harghita County-based company... more
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Nokian Tyres Inaugurates The World’s First Zero-Emission Car Tire Factory, In Romania's Oradea
09.19.2024
Nokian Tyres hosted the grand opening of its passenger car tire factory in Oradea (north-western Romania), the company announced in a press... more
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OMV Petrom Premiers New Automatic Drilling Technology In Romania
09.19.2024
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has announced in a stock market report on Sept 19 that it was running a... more
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INFINEXA Restructuring-Prime Insolv Practice Association Appointed Insolvency Administrator For Meat Processor Angst
09.19.2024
The Ilfov Court has appointed INFINEXA Restructuring, a Romanian entrepreneurial company specializing in the restructuring of distressed firms, to... more
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NN Group And Rubio Impact Ventures Launch Competition For Tech Start-ups Across 11 Countries, Including Romania
09.19.2024
NN Group, a Dutch financial services company operating in the local life insurance and private pension markets, and venture capital fund Rubio... more
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Bergenbier Announces Changes In Its Management Team
09.19.2024
Bergenbier S.A., part of Molson Coors Beverage Company group, one of the leading brewers in Romania, has announced changes in its management team:... more
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Austria's Gebrüder Weiss Opens Second Logistics Hub Near Bucharest in EUR20M Investment
09.19.2024
Austrian transport and logistics company Gebrüder Weiss has officially opened the second logistics hub near Bucharest, more specifically in... more
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Global Logistics Network NewCold Enters Romania by Acquiring 9-Ha Land Plot in Northern Bucharest from WDP
09.19.2024
Global logistics network NewCold, one of the world’s largest operators of automated cold storage warehouses, has arrived in Romania by acquiring... 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.