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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IT Solutions Provider Linnify Sees Turnover Rise 12% in 2023, To over RON10M; Profit Drops 43% To RON535,000
08.22.2024
Linnify, a Romanian IT company founded in 2016, saw its turnover top RON10 million (over EUR2 million) in 2023, up more than 12% against 2022. more
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Door and Window Maker Casa Noastra Earmarks RON1M for Research and Innovation Annually
08.22.2024
Door and window manufacturer Casa Noastra of Dolj county, present on the market with QFort brand, earmarks as much as RON1 million for research,... more
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Five-Star Marmorosch Hotel In Bucharest Expects At Least 10% Rise In Revenue In 2024
08.22.2024
The five-star Marmorosch Bucharest hotel, owned by Lithuanian group Apex Alliance, had an average occupancy rate of 80% in the first half of 2024,... more
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Oechsler Sees EUR32M Revenue From Its Romanian Plant In 2023
08.21.2024
The manufacturer of plastic parts and subassemblies for the automotive industry Oechsler Romania, the local subsidiary of the German group... more
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Antibiotice Iasi Export Revenue Doubles In H1 2024 Vs H1 2020
08.21.2024
Antibiotice Iasi (ATB.RO), the largest Romanian-held drug producer, posted RON150 million revenue from exports in the first half of 2024, an... more
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Bos Automotive Products' 2023 Turnover Drops 5.6% YoY To RON421.6M
08.21.2024
Car parts manufacturer Bos Automotive Products Romania, the local subsidiary of Germany’s BOS GmbH&Co. KG, had a turnover of RON421.6 million... more
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Hungary's Budmil Taps Into Romanian Fashion Market, Opens First Store In Targu-Mures
08.21.2024
Hungarian clothing brand Budmil has entered the Romanian fashion market with the opening of its first store locally, in the town of Targu-Mures,... more
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Impact Developer Switches To RON13M Loss In H1/2024 From RON34M Net Profit In Year-Earlier Period
08.21.2024
Real estate developer Impact Developer (stock symbol: IMP) ended the first half of 2024 with loss of RON12.8 million, compared with net profit of... more
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AnimaWings Launches Regular Flights From Bucharest To Dubai In December
08.21.2024
Romanian-held airline AnimaWings announces the launch of a regular route between Bucharest and Dubai starting December 27, 2024, with a frequency... more
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Flaros Bucuresti Reports 43% Surge In Net Profit To RON1.7M For H1/2024
08.21.2024
Flaros Bucuresti (stock symbol: FLAO), a company specialized in leasing own spaces from the portfolio of Infinity Capital Investments (formerly... more
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Fuchs Condimente Invested EUR14M To Expand Its Curtea de Arges Factory
08.21.2024
Fuchs Condimente Romania, part of Germany's Fuchs Group and one of the largest spice producers in the local market, has invested EUR14 million to... more
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Israel’s Nofar Energy Gets EUR122M From EBRD And Raiffeisen International To Fund Two PV Parks In Romania
08.21.2024
Israel’s Nofar Energy, one of the leading renewable energy investors in Romania, has signed a loan facility agreement and a VAT facility... more
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Competition Council Looks Into Acquisition Of Data Core Systems S.R.L. By Arctic Stream S.A. And Manescu Family
08.21.2024
Romania's Competition Council is assessing the transaction through which Arctic Stream S.A., together with the Manescu family, intends to take over... more
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Competition Council Slaps Six Publishing Houses, The Romanian Publishers Association With RON5.9M Fines For Anti-competitive Agreements
08.21.2024
Romania's Competition Council has fined six publishing houses and the Romanian Publishers Association a total RON5.9 million (approximately EUR1.2... more
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Macofil's Net Profit Surges 26% YoY To RON6.9M In H1/2024
08.21.2024
Macofil Targu-Jiu, a building material producer listed at the Bucharest Stock Exchange under the stock symbol MACO, ended the first half of 2024... more
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PENNY Kicks Off Works On Its 5th Warehouse In Romania, In Giurgiu County
08.21.2024
German-held discounter PENNY, which has some 380 stores in Romania, has started works on its fifth warehouse in the country, located in Mihailesti,... more
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Alin Latu, iBanFirst Romania Country Manager, Promoted to Run the Fintech on Hungary Market As Well
08.21.2024
French fintech iBanFirst, a leading global provider of foreign exchange and international payments for businesses, has appointed Alin Latu as... more
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PeliPartners Assisted Immofinanz In Sale Of Bucharest Financial Plaza To AFI Europe
08.21.2024
Law firm PeliPartners assisted Austrian group Immofinanz AG in the sale of myhive Victoriei (formerly known as Bucharest Financial Plaza) to AFI... more
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Romanian Startup Humans.ai Acquires Starfish Technologies
08.21.2024
Romanian artificial intelligence and blockchain technology provider Humans.ai announced the acquisition of Cluj-Napoca-based Starfish Technologies,... more
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Optical Retailer Lensa Recruits Florin Melinte for Deputy CEO Position
08.21.2024
Florin Melinte has been recently appointed as Deputy CEO of optical retailer Lensa, a position from which, together with Daniel Craciun, Lensa... 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.