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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Carbochim Switches to RON385,000 Losses in 9M 2024 after RON117M Net Profit in 9M 2023
11.12.2024
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, in the first nine months of 2024 posted RON376,664 losses after... more
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Ambulance Maker Deltamed Exports 50% of Production, Seeks New Opportunities in Europe, Middle East, South-East Asia
11.12.2024
Romanian ambulance and special vehicle producer Deltamed currently exports around half of local production and wants to reach new opportunities in... more
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Textile Company Techtex Enters Agreement with Creditors
11.12.2024
Techtex SRL, a company specializing in technical textile production, part of Taparo group, has entered an agreement with creditors. more
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Restaurant Chain Spartan Seeks To Expand Abroad Via Franchisees
11.11.2024
Spartan restaurant chain wants to expand into foreign markets under a franchise system, a model it has already tested in Romania. It has already... more
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Five-Star Radisson Blu In Cluj-Napoca Set To Open New Wing In Second Half Of 2025
11.11.2024
Five-star Radisson Blu Hotel in Cluj-Napoca, developed by Winners Park Invest and opened in the summer of 2022, operated at 58% occupancy in... more
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Argus Reports RON155.7M Revenue For January-September 2024 Period, Up 15.6% YoY
11.11.2024
Vegetable oil producer Argus Constanta (UARG.RO) reported operating revenue of RON155.7 million for the first nine months of 2024, up 15.6%... more
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Prima Development Group Secures Construction Permit For New Residential Complex In Bucharest
11.11.2024
Prima Development Group, an Oradea-based real estate developer, has secured the construction permit for a residential project in Bucharest, PRIMA... more
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OmniaGusti Taps Into HoReCa Segment, Eyes 40% Higher Turnover In 2024
11.11.2024
OmniaGusti, one of Romania's largest suppliers on the confectionery raw materials market, is entering the HoReCa (Hotel, Restaurant, and Catering)... more
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AKTOR Sees Romania As Key Market In Coming Years
11.11.2024
Greece's AKTOR Group of Companies sees Romania as a key market in the coming years and plans to boost its portfolio in the local market by... more
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GARBE Industrial Real Estate Expands In Romania, Appoints Andrei Jerca As Country Head
11.11.2024
GARBE Industrial Real Estate GmbH, one of the leading providers and managers of logistics, light industrial and technology real estate in Germany... more
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EY Holiday Shopping Survey: Global Cost Of Living Crisis Drives Shoppers To Seek Out More Bargains
11.11.2024
Consumers’ continued passion for seasonal sales is being fueled by the global cost of living crisis, driving shoppers to seek out more bargains... more
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Electromagnetica's Turnover Plunges Over 50% In January-September 2024
11.11.2024
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) recorded a turnover of RON152.8 million in the... more
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Santierul Naval Orsova Rakes In 41% Higher Profit in Jan-Sept 2024
11.11.2024
Shipbuilder Santierul Naval Orsova posted RON5.6 million net profit in the first nine months of 2024, up 41% from the year-earlier period. more
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OMV Petrom Signs EPCC Contract to Start Building Isalnita Photovoltaic Park
11.11.2024
OMV Petrom, Romania’s main oil and gas producer, has signed an EPCC-type contract to start the construction of the photovoltaic park of Isalnita,... more
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One United Properties 9M 2024 Consolidated Turnover Down 10% to RON1B, Net Profit Falls 13% To RON298M
11.11.2024
Real estate developer One United Properties registered RON1 billion turnover in the first nine months of 2024, down 10% from the year-earlier... more
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Freight Carrier Nicolaus Com Invests EUR6M in Sibiu Four-Star Boutique Hotel
11.11.2024
Sibiu-based Nicolaus Com, one of the most dynamic freight carriers locally, founded in 1996 by Bogdan Nicolae, will open a four-star boutique... more
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eMAG Overshoots EUR800M Sales Mark In First 12 Hours Of Black Friday Campaign
11.08.2024
eMAG, the region's largest online retailer, has overshot the RON800 million mark for this year’s Black Friday it had set out to achieve. In fact,... more
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TeraPlast Group Inaugurates The Opal Stretch Film Factory In Saratel Industrial Park
11.08.2024
TeraPlast Group has inaugurated this week its new Opal stretch film factory located in the Saratel Industrial Park following a total investment of... more
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Electrica Gets Shareholder Approval For Up To EUR500M Bond Issue And RON3.1B Syndicated Loan
11.08.2024
Electricity supplier and distributor Electrica (stock symbol: EL) on Nov 8 received the approval of shareholders for several projects, including a... more
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Impact Developer & Contractor Sold 73 Apartments For EUR8M In October 2024
11.08.2024
Real estate developer Impact Developer & Contractor (stock symbol: IMP) has announced in a stock market report on Nov 8 that it started the last... 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.