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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Romanian Executive Dan Timotin Becomes General Manager Of Coca-Cola HBC Egypt
09.18.2024
Dan Timotin, a Romanian executive with 13 years of experience in the Coca-Cola system, took over as general manager of Coca-Cola HBC Egypt last... more
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Vodafone Business Director Mihnea Radulescu To Return To US’ Liberty Global As UPC Slovakia CEO
09.18.2024
Mihnea Radulescu, one of the best known executives in the local telecom industry, who has been running the business unit of Vodafone, will return... more
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Stihl Invests EUR21M, Creates 40 Jobs At New Plant In Oradea
09.18.2024
Andreas STIHL Power Tools SRL, the local subsidiary of Andreas STIHL AG&Co. KG. of Germany, has invested more than EUR21 million so far and created... more
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CITR: We’ve Identified Non-Essential Assets Of Damen Shipyard Mangalia, Got Two Ship Repair Contracts
09.18.2024
CITR, the court-appointed trustee of Damen Shipyards Mangalia, has had repair contracts signed for two ships and identified the assets that are... more
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Marek Gebski Takes Over As Marketing & Digital Director At Philip Morris Romania
09.18.2024
Marek Gebski is the new Marketing & Digital Director at Philip Morris Romania, effective October 1, 2024. more
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Meta Estate Trust Develops Four Commercial Spaces Set to Be Leased by German Retailer Penny
09.18.2024
Meta Estate Trust, a holding company operating in the real estate field, has signed memorandums of understanding for the acquisition of four... more
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Paris Society Arrives in Bucharest Via Partnership Btw One United Properties and Ennismore
09.18.2024
One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, has sealed a... more
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IBB Holding Shareholders Okay Sale of Bonds of Up To EUR10M To Bucharest Investors
09.18.2024
The shareholders of constructions group IBB Holding, with 12 companies operating in the construction field, have approved the issue of bonds with a... more
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Safety Broker’s H1/2024 Gross Brokered Premiums Up 35% To RON851.6M
09.18.2024
Safety Broker, leader of the insurance brokerage market, ended the first half of 2024 with RON851.6 million gross brokered premiums, up 35% from... more
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Luxury Brand Cartier Looks to Open Store in Bucharest’s Athenaeum Area
09.18.2024
Luxury conglomerate Cartier, controlled by Richmont group, is looking to open a first monobrand store in Romania, market sources have told ZF. more
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Startup Munch Expands To Iasi
09.17.2024
Hungary-based startup Munch, which provides an application designed to help curb food waste and entered the Romanian market this spring, is... more
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Electrica Attracts Nearly EUR3.4M In Non-reimbursable Funds For Construction Of Electricity Storage Capacity
09.17.2024
Electricity supplier and distributor Electrica (stock symbol: EL) has informed its shareholders and investors in a stock market report on Sept 17... more
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Schaeffler Puts Marius Pricop In Charge Of Romanian Subsidiary
09.17.2024
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, announced appointment of Marius Pricop as managing director as of... more
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CIS Group Builds RON100M Photovoltaic Park In Copşa Mica
09.17.2024
CIS Group, a local business that provides solutions and services for the energy sector, founded by entrepreneur Sebastian Calugar, has signed a... more
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THAIco SPA Network Aims to Invest around EUR3.5M in Romania in 2024 to Open Two New Wellness Centers
09.17.2024
THAIco SPA center network, present in Romania for over 10 years, plans to invest around EUR3.5 million to open two new wellness centers this year,... more
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MedLife Takes Over 80% in Euromedica Baia Mare Group
09.17.2024
Romanian private healthcare provider MedLife has taken over 80% in Euromedica Baia Mare Group (Euromedic Hospital and Euromedic Administrator),... more
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Booking Holdings Reaches 400 Employees in Bucharest Center
09.17.2024
American group Booking Holdings, a global provider of online tourism services and related services, now has over 400 employees in its Bucharest... more
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Farmacia Ardealul Posts 17% Higher Turnover in H1/2024
09.17.2024
The first six months of 2024 brought a 17% turnover increase for Farmacia Ardealul, one of the strongest local brands, created by pharmacist Ilie... more
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Electro-Alfa International 2023 Net Profit Up 85.2% To RON36.1M
09.17.2024
Low and medium-voltage equipment supplier Electro-Alfa International, controlled by entrepreneur Gheorghe Ciubotaru of Botosani, in 2023 registered... more
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Textile Manufacturer Tanex Sees 2023 Turnover Drop 17.4% To RON77.6M
09.17.2024
Textile manufacturer Tanex, controlled by entrepreneur Adrian Bajenaru, for 2023 reported turnover worth RON77.6 million (EUR15.7 million), down... 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.