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Cargus, one of the largest parcel delivery companies in Romania, is acquiring the majority stake in QeOPS, one of Romania's leading providers of e-fulfilment services and personalized logistics solutions.
New car registrations in Romania decreased by 9% on the year, to 35,845 units, in January-May 2021, data from the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.
Romania’s Competition Council has approved the transaction whereby retailer Profi acquired ten proximity stores from the company Pronto Mobile SRL in April 2021.
Sphera Franchise Group (SFG.RO), the company operating in franchise system the brands KFC, Pizza Hut and Taco Bell in Romania, reaches a network of 88 KFC restaurants in Romania, with the opening of a KFC Drive Thru unit in Braila.
P3 Logistic Parks (P3), a long-term investor, developer and manager of logistics properties in Europe, concluded transactions for over 35,800 square meters of logistics and office space on the Romanian market in the first quarter of 2021, of which over 36% (13,000 sqm) targeted new contracts and nearly 63% (22,500 sqm) targeted extensions of existing contracts.
Romania's credit profile (Baa3 negative) balances a medium-term economic growth potential, moderate institutional and governance strength, and still relatively favorable debt metrics against widening macroeconomic imbalances, Moody's Investors Service said in a report Wednesday.
Romania's foreign exchange reserves fell to EUR37.57 billion at the end of May 2021, lower by EUR738 million than in April 2021, central bank data showed Wednesday.
Ropharma Logistic, a pharmaceutical distributor part of Ropharma Group, one of the largest players on the local, pharmaceutical market, ended 2020 with a turnover of RON561 million in 2020, up 6% on the year, per calculations by Ziarul Financiar based on company data.
Coletaria.ro, a platform specialized in the shipping and delivery of parcels, part of Czech Packeta group, plans to expand its local network by an additional 800 pick-up points until the end of 2021 and to open two new warehouses, of 4,000 square meters each, in capital city Bucharest and the city of Oradea.
eMAG Group, with operations in Romania, Hungary and Bulgaria and held by investment fund Naspers and Iulian Stanciu, reported revenue of RON8.93 billion in 2020, of which the revenue reported in Romania reached RON5.42 billion.
Core Timpuri Noi residential compound, developed by real estate developer Prima Development Group, will also include a network of up to 25 electric vehicle charging stations for the owners of its apartments.
Construction company Bog’Art, held by businessman Raul Doicescu, has started works on Art City, a real estate project worth EUR20 million located in northern Bucharest and due for completion in October 2022.
Airline Blue Air posted 65% decline in revenue to merely RON757 million last year, compared with RON2.1 million in 2019, the company said.
DIY retailer Dedeman, the largest entrepreneurial business in Romania and the leader of its market in this country, saw revenue up 10.5% to RON9.082 billion (EUR1.877 billion) in 2020, Finance Ministry data show.
Pharmaceutical wholesaler Dona Logistica posted RON1.1 billion revenue in 2020, an increase of 17% year-on-year, ZF has calculated from the data the company supplied.
British American Tobacco (Romania) Trading, the largest company of the BAT group in this country, ended 2020 with RON11.3 billion (EUR2.35 billion) revenue, 5.8% higher than in 2019, ZF has calculated from Finance Ministry data.
Vel Pitar, the leader of the local milling and bakery market, plans to invest RON43 million in technologies that will allow it to make products with a longer shelf life, without E numbers or preservatives. Part of the investment, RON11.2 million, will come from EU funds and the rest is self-funded.
Air passenger rights specialist Air Claim has completed a private stock placement early on Monday, raising RON2.48 million from investors.
Five transactions with logistics centers were concluded in Romania in the first quarter of 2021, four of which had CTP as buyer, the largest developer and administrator of industrial and logistics parks in Romania and Central and Eastern Europe (CEE) founded by Dutch Remon Vos.
Logistics and parcel delivery company DHL Express Romania saw a 6% increase in revenue on the year to RON364 million in 2020 due to significantly higher volumes on the e-commerce segment.20531 items