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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Altex Posts 6% Turnover Growth in H1/2024, Expects Same Pace for Entire Year
09.09.2024
Altex, Romania’s largest electro-IT retailer, registered 6% higher turnover in the first half of this year and expects to keep the pace until... more
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Austria’s Baumit Wants to Build New Construction Materials Plant in Bacau County in over RON200M Investment
09.09.2024
Construction materials producer Baumit, owned by an Austrian group, wants to build a new plant in Bacau county. The investment amounts to RON203... more
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City Grill Forecasts 18% Higher Turnover for 2024
09.09.2024
City Grill group, a major player on Romania’s restaurant market, founded by Dragos Petrescu, expects EUR65 million turnover by yearend, 18%... more
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Cybersecurity Company Fort Ends H1/2024 With Lower Net Profit And Revenue
09.06.2024
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first half of 2024 with net profit of RON47,000, lower than RON703,000... more
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Competition Council Looks Into Takeover Of Intersystems Holding Inc. By A-AG Holdco Ltd
09.06.2024
Romania's Competition Council is assessing the transaction through which A-AG Holdco Ltd intends to acquire Intersystems Holding Inc. and the... more
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Te-Rox Prod Enters Into Insolvency
09.06.2024
Swedish group Holmbergs Safety Systems, controlled by investment fund FSN Capital, has filed a request for the insolvency of its subsidiary in... more
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Law Firm PeliPartners Assisted Octogon Gas & Logistics Owners in Sale to Nawaf Salameh Family Office
09.06.2024
Law firm PeliPartners has assisted Bogdan Idu and companies of his group in the sale of their entire stake in Octogon Gas & Logistics, the company... more
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Quehenberger 2023 Turnover Slides 9% To RON364.8M
09.06.2024
Quehenberger Logistics Rou, a major player on the transport and logistics market, for 2023 reported turnover of RON364.8 million (EUR73.7 million),... more
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Kastamonu Romania H1/2024 Turnover Flat at EUR70M
09.06.2024
Kastamonu Romania, controlled by Turkey’s Kastamonu Entegre, ended the first half of 2024 with interim turnover of around EUR70 million, flat... more
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Paval Holding and Apex Alliance Buy Five-Star Hotel in Switzerland for EUR70M
09.06.2024
Pavel Holding and Apex Alliance have recently sealed an agreement for the acquisition of Waldhaus Flims Wellness Resort, a five-star hotel compound... more
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Concelex Plans To Build Concrete Product Factory
09.05.2024
Local construction company Concelex set out to build a concrete product factory to facilitate its work on construction sites and applied for... more
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Softbinator Technologies Ends H1 2024 With Profit And Decline In Revenue
09.05.2024
Softbinator Technologies (CODE.RO) a Romanian provider of full software development services (product management, product design, software... more
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Flaros Bucuresti Calls Shareholders To Vote On Delisting Company From Bucharest Stock Exchange
09.05.2024
The Board of Directors of Flaros Bucuresti (stock symbol: FLAO), a company specialized in leasing own spaces from the portfolio of Infinity Capital... more
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US Kiteworks Acquires Romanian 123FormBuilder
09.05.2024
Catalyst Romania Fund I, an early-stage venture capital fund in Romania, has announced another successful exit from its portfolio with the... more
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OMV Petrom Outsources Some Tubular Material Reconditioning And Transport Services
09.05.2024
OMV Petrom (stock symbol: SNP.RO), Romania’s largest oil and gas producer, intends to outsource to Bonatti S.p.A. Parma, Bucharest branch, some... more
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Salameh Family, The Owner Of Alexandrion Group, Acquires Octogon Gas & Logistics Terminal In Port Of Constanta
09.05.2024
Nawaf Salameh Family Office, which owns, among others, spirits producer Alexandrion Group, has acquired the Octogon Gas & Logistics Terminal in the... more
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River Development Promotes Ana-Maria Pascu To Leasing Manager
09.05.2024
Local real estate developer and investor River Development, controlled by entrepreneur Ion Radulea, has appointed Ana-Maria Pascu to the position... more
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Cushman & Wakefield Echinox: Office Demand Posts Strong Rebound in Bucharest in Q2/2024
09.05.2024
Around 77,000 square meters of offices were traded in Bucharest in the second quarter of this year, with net demand posting a strong recovery, with... more
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Estep B2B, Operator of Samsung Mobile Store Network, Sees 2023 Turnover Drop 10% To RON175M
09.05.2024
Estep B2B, which operates Samsung Mobile Store network of Bucharest, Ploiesti and Iasi, in 2023 posted lower turnover and net profit, with a higher... more
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Danone Moves YoPRO Production to Bucharest
09.05.2024
Danone, one of Romania’s largest dairy makers, is, starting this summer, producing high-protein yoghurts under YoPRO brand in its Bucharest plant. 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.