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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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
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Nuclearelectrica Makes RON233M Term Deposit With Exim Banca Romaneasca
11.08.2024
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON233... more
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Entrepreneur Stefan Mandachi Invests EUR5M in 12 Premium House Compound in Miroslava
11.08.2024
Entrepreneur Stefan Mandachi, who founded and subsequently sold Spartan restaurant chain, is investing EUR5 million in a 12 premium villa compound... more
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Ferenc Korponay Buys Canning Factory In Alba County, Starts Making Pet Food
11.07.2024
Romanian entrepreneur Ferenc Korponay, known for founding, developing and then selling the Maravet business, which operates in the animal products... more
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Packaging Maker Electric Ends 2023 With Over RON63M Turnover
11.07.2024
Packaging maker Electric, based in the town of Focsani and owned by the Buzaianu family, ended 2023 with a turnover of RON63.4 million (EUR12.8... more
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Arctic Stream Reports RON8M Net Profit And RON107M Revenue For January-September 2024
11.07.2024
IT infrastructure and security integrator Arctic Stream (stock symbol: AST) reported net profit of RON7.96 million for the first nine months of... more
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Workshop Doors Borrows RON21M From First Bank To Refinance Previous Bank Loans And Fund Working Capital
11.07.2024
Workshop Doors, a subsidiary of construction holding company ROCA Industry, has announced in a stock market report on Nov 7 that it signed three... more
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Poland’s Elemental Holding Will Complete EUR20M Investment In Deva Recycling Plant In Almost Two Years
11.07.2024
The almost EUR20 million investment of Poland’s Elemental Holding Group, the largest electronics and electrical equipment recycling operator in... more
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Competition Council Greenlights La Fantana's Takeover By Axel Johnson Inc.
11.07.2024
Romania's Competition Council has approved the transaction through which Axel Johnson Inc. intends to take over part of the capital of La Fantana... more
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Coface CEE TOP 500 Companies: Poland In The Lead, Followed By Czech Republic, Hungary, Romania
11.07.2024
Poland tops the ranking of the largest companies in Central and Eastern Europe (CEE) in 2023, being followed by the Czech Republic, Hungary and... more
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IBC Focus: Six of Ten Largest Builders in Romania Expect Turnover Growth in 2024, 70% of Them Feel Skilled Workforce Shortage
11.07.2024
Six of the ten largest builders in Romania forecast turnover growth this year, particularly supported by public works, reveals an IBC Focus survey,... more
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Cushman & Wakefield Echinox: New Retail Space Deliveries Likely to Overshoot 200,000 Sqms in 2024, Close to 2023 Record High
11.07.2024
New retail project deliveries are likely to cross the 200,000-sqm threshold this year as well, close to the level of 2023, when developers built... more
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OMV Petrom Signs SAF Supply Contract with TAROM
11.07.2024
OMV Petrom will, starting January 1, 2025, supply sustainable aviation fuel (SAF) to Romania’s national airline TAROM, on the basis of a contract... more
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CIS Gaz 2023 Net Profit Up 74.8% To RON28.3M
11.07.2024
CIS Gaz, a Romanian natural gas industry company, founded in 1990 by Sebastian Calugar, part of CIS Group holding, for 2023 reported turnover worth... more
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Norofert Invests RON17M in Filipestii de Padure Plant Lab
11.07.2024
Organic input producer Norofert Group has invested around RON17 million in the lab at Filipestii de Padure plant, after having decided three years... more
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Bicycle Maker Eurosport DHS Revenue Shrinks 56.7% To RON232.2M In 2023
11.06.2024
Bicycle manufacturer Eurosport DHS, held by Chinese and German investors, posted RON232.2 million (about EUR47 million) revenue in 2023, down 56.7%... more
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FAN Courier Completes EUR30M Expansion Of Stefanestii de Jos Warehouse
11.06.2024
FAN Courier, the leader of the parcel delivery market in Romania, has finalized the extension of the warehouse in Stefanestii de Jos, where it is... more
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Hidroelectrica Teams Up With Politehnica University Of Timisoara To Support Innovation And Training Of New Energy Sector Experts
11.06.2024
Hidroelectrica (stock symbol: H2O), the largest electricity producer in Romania, has concluded a partnership with Politehnica University of... more
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Competition Council Looks Into Electrotehno's Takeover By Volta Grup Piatra Neamt
11.06.2024
Romania's Competition Council is assessing the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L. more
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IKEA Romania Appoints New Market Managers For Bucharest Stores
11.06.2024
IKEA Romania has appointed two market managers for its Baneasa and Pallady Bucharest stores, overseeing other customer meeting points across the... 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.